Crude Oil Pares Most Gains Over Night

Oil was up as much as 1.5%, but now WTI is up $0.37 to $81.52

Boards

These expectations are over the next five years.

Other European markets have failed to rally. U.S. futures turned on the news to positive territory.

One banker commented that despite the vote in favor to expand rescue funds there is still no clarity and feeling of immediate rescue.

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Steve Liesman from CNBC reported that his sources said the ECB would lever the ESFS to $2 trillion. Immediately after that, the market soared. Now the German Finance minister is denying “suchness.”

“After HP agreed to acquire Autonomy for over $11.7 billion dollars, Oracle commented that Autonomy had been ‘shopped’ to Oracle as well, but Oracle wasn’t interested because the price was way too high. Mike Lynch, Autonomy CEO, then publically denied that his company had been shopped to Oracle. Specifically, Mr. Lynch said, “If some bank happened to come with us on a list, that is nothing to do with us.” Mr. Lynch then accused of Oracle of being ‘inaccurate’. Either Mr. Lynch has a very poor memory or he’s lying. ‘Some bank’ did not just happen to come to Oracle with Autonomy ‘on a list.’ The truth is that Mr. Lynch came to Oracle, along with his investment banker, Frank Quattrone, and met with Oracle’s head of M&A, Douglas Kehring and Oracle President Mark Hurd at 11 am on April 1, 2011. After listening to Mr. Lynch’s PowerPoint slide sales pitch to sell Autonomy to Oracle, Mr. Kehring and Mr. Hurd told Mr. Lynch that with a current market value of $6 billion, Autonomy was already extremely over-priced. The Lynch shopping visit to Oracle is easy to verify. We still have his PowerPoint slides.”

Source: Oracle

UPDATE: Oracle puts the fucking slide shows online. lulz!

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i would have too…

[youtube:http://www.youtube.com/watch?v=aOt7q9BKXjo&feature=feedu 603 500]

[youtube:http://www.youtube.com/watch?v=7YV84JXqVYc&feature=feedu 603 500]

This is ridiculous.

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“It is something that we’re going to be watching very carefully,” Bernanke said in response to questions from the audience at a forum sponsored by the Cleveland Fed.

“If inflation falls too low or inflation expectations fall too low, that would be something we have to respond to because we do not want deflation,” Bernanke said.

Rates are not low enough 

“When you encourage consumption by inhibiting your interest rates from rising to their equilibrium level, you will in fact buy problems, and we have in fact bought problems,”

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You always want a  vampire squid in your corner… no ? Especially when they are said to rule the world.

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” Want to play a game “

A little deflation is good for input costs no ? Hopefully is will not scare hope into extinction.

Copper futures

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Of those polled the consensus is that growth is slowing, but the differences in opinion are in time value.

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Asian markets opened to the downside. In particular the Nikkei suffered a gap down at this morning’s open.

Asian market board 

Nikkei

20k HSMs vanish