Hopes of QE is running in the streets. The bulls managed to recoup yesterday’s losses despite a wide range of negative news. The bears only have light volume to grab at today.
DOW up 160
S&P up 15
NASDAQ up 33
The bulls are looking for clam love…
[youtube://http://www.youtube.com/watch?v=Yow4Aus8oTo 450 300] Comments »Missed this very important read this morning. It is a wonder why the markets are not afraid. Qehopium ?
Comments »MIAMI (CBS4) – The drug that made headlines after the causeway cannibal case is back in the news again.
This time, North Miami Beach Police said a man believed to be on bath salts stripped nearly naked at a childrens playground and threatened a three-year-old girl with sexual advances.
Comments »“Run for the hills- the European economy is collapsing. Well, maybe, but it looks pretty bad. So what is an investor to do?
It’s natural to assume European stocks, European financial stocks, and especially Spanish banking stocks are obvious things to avoid. But you might be mistaken. For one, Banco Santander (STD), Spain’s largest bank at the heart of the European financial apocalypse, is looking significantly undervalued.
Banco Santander has taken a serious hit from the economic turmoil in Spain. Shares are down over 43% this year, and 21.4% this quarter. The stock is trading like it’s near bankruptcy, but some analysts are arguing that investors are simply unable to see past the current perception.”
Comments »For your consideration: MFA, LOGI, ARR, ARNA, ANH, CHRS, DMD, MPSP, STKL, AFFX
Comments »The Bow Tie is short and would like to experience a real bear market. The clam and co. are upsetting his positions.
Comments »“Christine Largarde, the head of the International Monetary Fund, has warned that the world risks a triple crisis of declining incomes, environmental damage and social unrest unless countries adopt a more sustainable approach to economic growth.
Ahead of the Rio+20 Earth summit later this month, she said the rich should restrain their demands for higher incomes while there are still 200 million people worldwide looking for a job and poverty is on the rise.
Giving her clearest backing yet to green taxes and a range of measures to protect the environment, she argued for taxes on petrol-guzzling cars among a range of green measures to tackle climate change.”
Comments »The new normal these days is that everything is for sale and the price is not always cash.
Comments »“The bailout package for Spain’s banks wasn’t big or comprehensive enough to boost confidence among private investors, as Monday’s market reaction demonstrated, Mohamed El-Erian, CEO of Pimco, the world’s largest bond fund, says in a column published by CNBC.com.
While the plan to provide up to 100 billion euros ($125 billion) was larger than the range of estimates of the hole in Spanish banks, details of the plan remain unclear and the package failed to break the troublesome link between the weak Spanish banks and deteriorating sovereign creditworthiness, says El-Erian.
Reports that Spanish banks sold some of their government bond holdings were also troubling, he says.”
Comments »“NEW YORK (Reuters) – ING Bank NV agreed to pay $619 million to settle U.S. government allegations that it violated U.S. sanctions against Cuba, Iran and other countries. It was the biggest ever fine against a bank for sanctions violations.
U.S. authorities said ING moved $1.6 billion illegally through banks in the United States from the early 1990s through 2007 by concealing the nature of the transactions.”
Comments »The major averages suffered a bit of morning chop, but have managed to rally firmly into the afternoon. The bulls are probably thankful for Europe not tanking into the close and are smoking some hopium for world wide stimulus. All in all the markets will have breakout above 1325 or below 1275 to to give investors some clear direction.
[youtube://http://www.youtube.com/watch?v=CSvFpBOe8eY 450 300] Comments »Here’s a look at today’s hybrid movers, click here for charts.
Comments »“BRUSSELS (AP) — The European Commission has been providing legal advice to others who are considering possible scenarios should Greece leave the euro, a European Union spokesman said.
Olivier Bailly said Tuesday that, legally, limits could be imposed on movement of people and money across national borders within the EU if it’s necessary to protect public order or public security — but not on economic grounds.
“Some people are working on scenarios,” he said, but refused to confirm or identify which organizations and people were working on them.”
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