Robert Reich: Unemployment could Rise 30% or to 35 Million People

Please be wrong Reich !

The Kingdom wants your money

Ted will partner with Combs to manage a piece of the Berkshire pie….a small piece for now.

Let the bots be wrong !

Only JPM and C have exposure according to bove…..

Company will undergo a splitting into two companies to make business more fluid and unlock share holder value for such a large conglomerate…

Full article

Oversold bounce ?

Italy 5.51%

Spain 5.28%

Upgrades

ECA – EnCana upgraded to Outperform from Market Perform at BMO Capital

MOS – Mosaic upgraded to Buy from Neutral at Goldman

MU – Micron added to Most Preferred list at UBS

AGU – Agrium upgraded to Neutral from Sell at Goldman

SAFM – Sanderson Farms upgraded to Buy from Neutral at Goldman

OSK – Oshkosh Truck upgraded to Neutral from Reduce at Suntrust

ORCL – Oracle added to Conviction Buy List at Goldman

LVS – Las Vegas Sands added to U.S. 1 List at BofA/Merrill

SIRO – Sirona Dental Systems initiated with an Overweight at Morgan Stanley

Downgrades

FDX – FedEx downgraded to Neutral from Buy at BofA/Merrill

MU – Suncor Energy downgraded to Market Perform from Outperform at BMO Capital

LUV – Southwest Air downgraded to Market Perform from Outperform at Raymond James

NVS – Novartis AG downgraded to Neutral from Buy at BofA/Merrill

TFX – Teleflex initiated with an Equal Weight at Morgan Stanley

VRX – Valeant Pharmaceuticals initiated with an Equal Weight at Morgan Stanley

Gapping up

GLBL +52.6%, RXII +38%, MHP +2.2%, CAVM +8.1%, NKTR +4.7%,   CCE +1.4%, BPAX +5.5%, NVDA +1.8%, SCCO +1.4%,  WYNN +1.8%,

IDCC +0.7%, IDCC +1.6%, safe haven plays

Gapping down

The entire globe, BAC -3.2%, RDS.A -3.2%, RIO -3%, UBS -2.9%, DB -8%, JPM -2.9%, BHP -2.8%, AA -2.7%, TEF -2.7%, BBL -2.2%, HBC -1.9%, ING -7.5%, BBVA -7.1%, FRO -6.8%, STD -6.6%, ALU -5.1%, NOK -4.7%, C -4.3%, SDRL -4.1%, SNY -3.8%,

In Play

On the Wires

1 dead.

Full article

That’s the second time Jim Cramer said to buy since China was done….

Dent expects a breach of 10k shortly and a possible crash to 3k….

BRCM is buying NETL for $31.91 per share…a 57% increase. I would have waited for a better price given the market place…no ?

Speculation that Moody’s will downgrade French banks is crushing European markets, down about 4% across the board. French banks are down 9%, across the board. S&P futures are at session lows, down 26.

Get your safe haven on…..how long will it be safe ?

Some how I do not see a tick below $1790….but i could be wrong.

Gold currently trading down $13.30 @ $1,846.10

Yields have pushed above the 450 mark which should begin triggering margin calls. That’s a spicy meatballe (sic)  for breakfast…..