$FB Sports a New 52 Week Low After Bernstein Puts a $25 Target Price and Questions The companies Ability To Achieve Goals

Sanford Bernstein is questioning upside for $FB. They say there is a 1 in 5 chance of them hitting revenue expectations.

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Wading into the debate over stop-and-frisk police tactics, Gov.Andrew M. Cuomo plans to ask legislators on Monday for a change in New York State law that would drastically reduce the number of people who could be arrested for marijuana possession as a result of police stops.

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Here are a look at today’s hybrid movers, click here for all 67 charts.

“James Giddens, the trustee liquidating MF Global Holdings (MFGLQ) Ltd.’s brokerage, said in a report that claims for breach of fiduciary duty and negligence can be made against employees of the company including former Chairman Jon Corzine, finance chief Henri Steenkamp, and Assistant Treasurer Edith O’Brien.”

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“Orders to U.S. factories unexpectedly fell in April for a second month, pointing to a deceleration in manufacturing as the global economy cools.

Bookings dropped 0.6 percent after a revised 2.1 percent decrease in March, the first back-to-back declines in more than three years, figures from the Commerce Department showed today in Washington. Economists projected a 0.2 percent gain, according to the median forecast in a Bloomberg News survey.”

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Ireland has been a great example of what can go right. But they are still  a long way from looking at a debt crisis in the rear view mirror. So if euro bonds and printing do not occur you are fucking dead.

So the world waits on Germany…..

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It is time to end ENRON style accounting for the too big to fail as 100+ regulators missed any signs of trouble over at $JPM.

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Stagnating wages, less health care offerings, little to no pension or 401k opportunities, and rising debt levels have some retirement estimates being pushed to 80.

Debt slavery has never looked better.

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Not a surprise given what has occurred over the last 6 weeks, but what is surprising is that the liquidations started in December 2011.

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So the markets want to go up, but will remain choppy as we either get a definitive plan or get spun on rumors.

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AMZN, BAC, BA, SCHW, CME, FB, GALE, PCG, RF, STI, AMTD, TM, VLO, WSO, WNR, YUM

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In Play ,

On the Wires 

“May’s dismal jobs report, which showed the U.S. economy picked up a net 69,000 jobs, serves as fresh evidence the world’s major economies are slowing in tandem, says Mohamed El-Erian, CEO of Pimco, manager of the world’s largest bond fund.

The U.S., Europe and even once-hot emerging markets are cooling, while demand for safe-haven assets like U.S. and German government debt is soaring, meaning investors are parking their cash to ride out a pending downturn.

“The numbers also speak to a synchronized slowdown that is now taking hold of the global economy — a phenomenon that is being signaled by virtually every other data release out of Europe, the U.S. and emerging countries,” El-Erian writes in a CNBC guest blog.”

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“Global financial systems will be doomed to repeat the 2008 financial crisis if policymakers fail to tackle the European debt crisis now, says Robert Zoellick, outgoing President of the World Bank.

The 2008 collapse of Lehman Brothers sparked a worldwide financial crisis, and a messy Greek exit from the eurozone could pressure larger countries to follow the same path, which would involve large-scale defaults that would rattle markets in Europe and elsewhere.

“Events in Greece could trigger financial fright in Spain, Italy and across the eurozone. The summer of 2012 offers an eerie echo of 2008,” Zoellick says, according to The Daily Mail.

“If Greece leaves the eurozone, the contagion is impossible to predict, just as Lehman had unexpected consequences.”

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“A small group of shareholder advocates delivered an urgent message to top executives at JPMorgan Chase more than a year ago: the bank’s risk controls needed to be improved.”

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“The weak U.S. jobs report for May and a deterioration in the U.S. economy will lead the U.S. Federal Reserve to announce another round of quantitative easing as early as this month, Dennis Gartman, the editor and publisher of The Gartman Letter told CNBC on Monday.”

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“(Reuters) – Lawyers for Hewlett-Packard Co and Oracle Corp will face off in court on Monday for opening statements in a bitter lawsuit over Oracle’s decision to end support for HP’s Itanium-based servers.

The trial, in which HP seeks up to $4 billion in damages, comes just days after Oracle lost a separate high stakes case against Google over smartphone technology.

Top personalities from both Oracle and HP – such as Oracle Chief Executive Larry Ellison, President Mark Hurd and HP board member Ann Livermore – could take the stand.

Intel Corp is not a party in the lawsuit, though its CEO Paul Otellini might also testify.”

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Not as busy a week as last, but in a frantic state everything will move the market quickly.

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Portugal received money last year and is currently distributing another tranche to the markets while implementing austerity. The austerity measures caused the government to give gloomy guidance.

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“MOSCOW (Reuters) – A Russian court has ordered a new hearing into a $13 billion lawsuit brought against BP by minority shareholders in its Russia’s venture, TNK-BP , over a failed deal between BP and Rosneft , a BP lawyer said on Monday.

The Federal Arbitration Court in the Siberian city of Tyumen has ordered a new hearing in a lower court, lawyer Konstantin Lukoyanov told Reuters. The original suit was thrown out last year.”

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