Good news for $GOOG…
Comments »Monthly Archives: May 2012
Spain Will Support Bankia With $11.3 Billion
Bankia will get another capital injection as new management tries to sort out the details on how to bolster the banks liquidity standing. This news is probably what took our markets off the lows.
Comments »CHEERS: Oil Drops Below $90
Hybrid Movers
Industry Breadth
The Law Firm That Sued and Won $7 Billion From Enron is Now Suing $FB and $MS
FHFA Housing Price Index Leaps 1.8% vs Consensus of 0.3%
FLASH: German 30 Year BUNDS Drop Below 2% for the First Time Ever
FLASH: The Euro is Making Fresh Lows
The Euro is at 1.2579 (-0.83%) to the dollar. As a result, European and US markets and fucking PLUNGING.
Comments »Some Kind Words From Nigel Farage
[youtube://http://www.youtube.com/watch?v=3fi6w1C7uMs 450 300]
Comments »How to Buy a Politician
[youtube://htpp://www.youtube.com/watch?v=0swbTrW5zEA 450 300]
Comments »Robert Kwok, Ex-Yahoo Director, Faces Insider Trading Charges
“(Reuters) – Federal prosecutors on Monday announced insider trading charges against a former Yahoo employee and a fund manager for illegally sharing and trading on secret company information.
The pair pleaded guilty in Manhattan federal court on Monday, the Manhattan U.S. Attorney’s office said in a press release.
They were also charged by U.S. securities regulators in a parallel civil proceeding. The SEC said it is pursuing a civil settlement with the two.
Prosecutors said Robert Kwok, 36, a former senior director of business management at Yahoo, had illegally tipped Reema Shah, 40, about an impending July 2009 partnership between Yahoo and Microsoft.”
Comments »100 Million Americans Without Jobs ???
FLASH: Gold and Silver Prices Are Getting Smashed
Heat Map and A/D Lines
For Your Consideration: New Growth Economies in a Stagnating World
“SAN FRANCISCO (MarketWatch) — As the big headliners for economic growth lose their appeal, the search for new stars has begun.
The “New Tigers” of the world are nations that have flown below investors’ radar, but are most likely to stand out in the years ahead as economic powerhouses such as the U.S., Japan, Germany, France, the U.K., Italy and Canada give up the spotlight to countries experiencing stronger growth.”
Comments »New Home Sales: Prior 328k, Market Expects 339k, Actual 340k
Egan-Jones Cuts Spain Rating Further on Weak Banks
“Egan-Jones Ratings cut Spain’s credit level further on Tuesday, citing the same weak banking sector that led the agency to downgrade Spain less than a month earlier.
The firm cut Spain to BB-minus from BB-plus.
“Spain will inevitably be faced with sizable payments to support its banking sector and for its weaker provinces,” Egan-Jones said in a statement on Tuesday. “Assets of Spain’s largest two banks exceed its GDP.”
Comments »MarketWatch’s Paul Farrell: Facebook Fiasco Could Destroy US Economy
“MarketWatch’s Paul Farrell is worried that American investors are blowing a newer, bigger bubble: a “black swan” by the name of Facebook that truly can bring down the economy, bigger than 2000 and 2008 combined.
Author Nassim Nicholas Taleb’s “black swan theory” is a metaphor that encapsulates the concept that an event is a surprise (to the observer) and has a major impact. After the fact, the event is rationalized by hindsight.
“Does our beloved too-big-to-fail Facebook really have that kind of economy-killing power?” Farrell asks. “You bet.”
Comments »Gapping Up and Down This Morning
Gapping up
RA +13%, ICE +1.5%, PETM +7.9%, GES +7%, TTWO +5.7%, QIHU +4.7%, AVGO +2.3%,
SBUX +0.8%, CPWR +8.2%, ZLC +13.7%,
Gapping down
DELL -13.1%, RENN -4.3%, TS -3.6%, MT -3.1%, ADI -3.1%, RIO -3%, BLK -3%,
VE -1.5% , TEF -2.8%, MKSI -3.3%, and just about everything else you can think of….
NDAQ -1.9%
BHP -2.8%, TEF -2.8%, BBL -2.5%, GSS -2.2%, GOLD -1.9%, SLV -1.2%,
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