Not good imo. Perhaps the Chinese did not see off balance sheet losses. Not that i know there is any, but why would we let a communist government buy a U.S. bank?
Comments »Monthly Archives: May 2012
Despite the Decline in Oil, 321 Crack Spreads Are Still Above $29
The decline in oil has helped margins for refiners, as gasoline prices have gone down at a much slower pace.
FLASH: Euro Erases Gains and Resumes a Path to Parity With the Greenback
Citi Analyst Fitzpatrick: Stocks Poised to Plunge 20% This Summer
20% may be be the beginning. Remember, while valuations and corporate profits are good, we could see another credit freeze at any time and 20% would be just a first leg folks.
Comments »HELP! Greek Elections to Be Held: Euro Slides, Sovereign Bond Yields Spike
It was just announced that elections will be held in Greece, sending the euro under $1.28 to the dollar. Spanish yields spike to above 6.3% and Italian yields are now north of 5.8%.
European markets have reversed and are decidedly lower.
FLASH: Futures Go Negative as Greece Announces There Will Be No Coalition Government
A Lost Generation in America
United we stand, but divided we fall is the motto of the employment market. If your 50 something then your being kicked to the curb. One of the many warming touches of corporate America.
Comments »Hedge Funds: ‘There Will Be Blood at $JPM’
Hedge funds on the opposite side of $JPMs debacle derivatives trade are holding out to scoop up all available profits possible.
Comments »FLASH: SHARES OF GRPN ARE CHOPPING DICKS OFF IN PRE-MARKET TRADING
Following better than expected results, GRPN is up 22% pre-market.
Comments »Upgrades and Downgrades This Morning
AIR, AGCO, AKAM, AMZN, AMAT, CL, D, FLEX, GRPN, BLOX, JBL, JBHT, JNPR, MCD, PRX, PSX, PRU, RBS, SO, TOT,
Comments »Retail Sales: Prior 0.8%, Market Expects 0.2%, Actual 0.1%…CPI: Prior 0.3%, Market Expects 0.0%, Actual 0.0%
Retail ex-auto: 0.1%
Core CPI: 0.2%
Empire Manufacturing : Prior 6.6, Market expects 8.4, Actual 17.09
Comments »Gapping Up and Down This Morning
Gapping up
AMAP +15.7%, GRPN +14.2%, DKS +5.7%, AMLN +4.2%, PSTI +3.5%, RENN +3.1%, BAC +1.5%, JPM +1%, MS +1%
Gapping down
SUMR -26.2%, AVP -13.4%, MM -5.6%, HD -4.3%, CEL -3.3%, LOW -3.2%, ACAT -3.2%, NOK -2.6%, PCX -2.5%
Comments »In Play and On the Wires
Stocks on the Move This Morning
BILL GROSS: Euroland Is Just A Tumor, And The Cancer is Going Global
PIMCO’s Bill Gross says the debt-fueled global economy faces a big shift, in a new FT column. The always poetic Gross makes this argument with two metaphors.
Comments »The Costanza Tipping Point
Despite a lack of investor participation the markets may have reached a tipping point with Facebook. I hope I’m wrong, but for months i have wondered why the IPO was pushed off months ahead to the classic ‘sell in May’ period.
At any rate, here is a story telling of investor frenzy insanity.
Dick’s Sporting Goods Reports a 53% Increase in Profits and Guides Higher
Facebook Price Range Rises to $34-$38 Bones
AM LOL: Donald Trump Wants Zuckerberg to Have a Pre-Nuptial in Place
Donald Trump is already concerned for Zuckerberg’s new found wealth. Hilarious commentary on CNBC.
Coty Withdraws a $10.7 Billion Bid for Avon Products
“(Reuters) – Fragrance company Coty Inc withdrew its $10.7 billion takeover bid for Avon Products Inc on Monday, saying the world’s largest cosmetics direct seller had missed a deadline to start discussing a deal that Coty first proposed in March.”
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