Monthly Archives: July 2012
“Don’t Worry, We’ve Learned That Lesson, and it Will Never Happen Again.”
Tired of getting the shaft ? Well the #OWS and Tea Party should get back into action again to drive home the point that we live in a country where free markets and justice are supposed to prevail.
Comments »Con Edison Tells the Unions To Go F’ Themselves
Con Edison has asked that thousnads of workers not show up for work after talks have broken down past deadlines. Not a good time given the heat wave and all, but maybe we will see the magic of technology compensate for the loss of workers.
Comments »CLAM ACTION WARRANTED: A Closer Look at Today’s Disappointing ISM Data
Perhaps this will get the clam to act sooner rather than later. You know the markets think this way thus far, given we have had a moderate sell off after the data point came out this morning.
Comments »Industry Breadth
Pay Close Attention to the Technical Aspects of the S&P
Chart chompers are out saying the S&P is at a crucial pivot point and that this week’s action will help determine short and long term direction.
Art Cashin chimes in on this point with Fibonacci levels….
Comments »FLASH: Markets Pare Half Their Losses From the ISM Data Downer…DOW OFF 35 Sticks
Can China Actually Drive Global Growth ?
Prices of Raw Goods Plunge on Slowdown
FLASH: Best Buy, $BBY, Up 9% on Takeover Rumors
Thinking of Moving ? Here is a Guide to the Most Employed Cities in Every State
Lots to consider when moving and employment is certainly a big factor. Good luck.
Comments »ISM Index: Prior 53.3, Market Expects 52.2, Actual 49.7….WOW…NOT GOOD….Markets Tank
We also had constructing spending data: Prior 0.3%, Market Expects 0.2%, Actual 0.9%
Comments »BUITER: Euro Summit Results Will Not Be Not Enough To Prevent Eurozone Breakup
Not surprising; but we will have to see what central banks can really do over the next few months.
Comments »UBS Presents the 14 Best Names in America
A Round Up of Global PMIs
We all know the global economy is slowing, but these numbers are horrific. Let’s hope we have hit bottom!
Comments »Finland and the Netherlands Vow to Block ESM Purchase of Bonds
“Fears about the imminent collapse of the European financial system appeared to have subsided somewhat since last week’s EU summit, where leaders announced new steps to bolster bank and sovereign funding.
But there could be a big kink in this plan.”
Read more
June PMI Comes in Slightly Under Expectations
The Bears Get the Homo Hammer
Gapping Up and Down This Morning
Gapping Up
CELL +60.8%, LOOK +21.9%, LNCR +19%, AMLN +8.9%, TS +2.9%,
BCS +2.9%, SAP +1.4%, DB +1.3%, P +3% , MYGN +1.4%, IGT +1%,
TS +2.9% , SAP +1.4%, ATPG +4.8% , MU +4.6%, LOOK +21.9%,
QGEN +0.4% , IRE +2.8%, UBS +1.6%, LYG +1.6%, RBS +1.5%, DB +1.3%, STI +1.3%
Gapping Down
OIIM -11.8%, ANH -4.4%, CREE -1.4%, IRET -1%, DVN -0.8%, DD -0.7%,
ADI -0.9% , DLTR -1.5% , AFFX -2.3%, SNH -1%, IM -4.6%
Upgrades and Downgrades This Morning
AFFX, BUD, ACI, CREE, DDS, DLTR, FINL, AWAY, IMAX, ITT, LH, LIFE, MAR, P, PSX, DGX, RIMM, TIF, SPY,
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