Despite falling oil prices, the Obama administration may still tap oil reserves as Iran sanctions take hold.
Comments »Monthly Archives: May 2012
Pay to Post on Facebook; Ensure Your Friends See Your Post
Here is a revenue stream $FB is trying out. Pay to ensure your post does not get lost in the news feed. All your friends will see your must read post of nose picking taking a dump folly comments.
Comments »Faber: Forget Greece – China Poses Biggest Threat to Global Economy
“A slowdown in China poses the biggest threat to the global economy and not a Greek exit from the eurozone, says economist and investor Marc Faber, publisher of the Gloom, Boom and Doom Report.
Greece is teetering on abandoning the eurozone, which could roil global markets.
Big deal, Faber says.”
Comments »The Takeover of Europe is Nearly Complete; Ex-ECB Leader Proposes the Final Nail in the Coffin
“Europe could strengthen its monetary union by giving European politicians the power to declare a sovereign state bankrupt and take over its fiscal policy, the former head of the European Central Bank said in unveiling a bold proposal to salvage the euro.
The plan offered by Jean-Claude Trichet, who stepped down last November as ECB president, would address a fundamental weakness of the 13-year-old single currency, the survival of which is threatened by the Greek crisis. ”
Comments »Short Selling Bans Being Reported in Europe; Expect Carnage Again
“Back in August 2011 Europe ushered in the totally idiotic idea of reinstating a short selling ban in financial stocks. We predicted at the time that the result would be a sheer disaster: “To those who may have forgotten, on September 18, the SEC banned the shorting of all financials here in the US. Below is a chart of the carnage that ensued… The same chart is coming to Europe first. ”
Comments »If You See Ads on Wiki Then You Have a Malware Problem
“Wikipedia does not carry advertisements which means that if you’re seeing ads on the site then you’ve almost certainly got a machine infected with malware.”
Comments »All You Need to Know About Facebook
Did not completely read this one, but you should know that there is a lock up in 90 days. Then in 180 days there is another lock up that will effectively double the shares outstanding. If i heard correct it will then syand at 2 billion shares.
Comments »German Psychopaths Bidding $74 For Facebook? $FB
G-8 To Meet This Weekend to Try and Stem European Debt Crisis
The G-8 nations will meet this weekend to discuss possible ways of diverting a major crisis in Europe. As usual they will dine on caviar and champagne.
Comments »Associated Press Declared Obama “Kenyan-Born”
In 2004, the AP reported: “Kenyan-born US Senate hopeful, Barrack Obama, appeared set to take over the Illinois Senate seat after his main rival, Jack Ryan, dropped out of the race on Friday night amid a furor over lurid sex club allegations.”
Read the rest of the article here.
Comments »Gapping Up and Down This Morning
Gapping up
OSIR +15%, CRM +6.1%, GPS +4.7%, STD +4.3%, IBN +4%, FSLR +3.9%, KMI +3.6%,
NOK +3.2%, MRVL +3%, DB +2.4%, TEF +2.4%, ARO +2.2%, ARO +2.2%, ING +1.7%,
RYAAY +1.4%, SLV +1.3%, GLD +1%, MM +4.1%, S +2.1%, BTU +1.2%, ASML +0.5%,
Gapping down
ADSK -8.6%, ARUN -8.2%, SANW -4.9%, UN -1.1%, IRE -0.6% , CY -0.5%, SQNM -5.7%,
GSS -1.5% , ELN -1.2%, HRZN -3.1% , AMAT -0.3%,
Comments »U.S. Equity Preview
In Play and On the Wires
Jamie Dimon Personally Approved The Concept Of The Disastrous Trade, Losses Could Total $5 Billion
“Details continue to emerge regarding JP Morgan’s shocking multi-billion trading losses.
However, the biggest behind-the-scenes report so far was just published by The Wall Street Journal and written by Monica Langley.
Here’s how Dimon first found out about the losses:”
Comments »German Finance Minister: ‘turmoil in the financial markets caused by Europe’s debt crisis may last another two years’
Equity Losses in May Turn Out to be Three Times Worse Than Last Year
“Investors who warned stock losses in May would mimic last year’s decline in the Standard & Poor’s 500 Index (SPX) from the highest level since 2008 were wrong. The losses are three times worse.
About $1 trillion has been erased from American equity values this month after speculationGreece will leave the euro region reversed the biggest first-quarter rally since 1998, according to data compiled by Bloomberg. That compares with $345 billion in the 13 days after April 29, 2011, when the S&P 500 reached its highest level in three years.”
Comments »The Aussie and Kiwi Dollar Hit 5 Month Lows as Investors Shun Risk On Trades
Bad Loans Jump 8.37% in March for Spanish Banks; Proof The Cleanup Was Not Enough
Spanish banks will have to do a better job in cleaning up their balance sheets. Bad loans jumped by 90% from a yoy basis.
Comments »Gold Continues to Bounce After Briefly Touching Bear Territory
Gold continues to rally after touching $1536 on Wednesday. Gold is currently trading up $14 @ $1,589…
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