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Market Update

The Bulls Have No Moxy; Say Goodbye to The Worst Month of 2012

The markets traded all over the place today. From down 100 DOW points to up as much as 60. Rumors of the IMF bailing out Spain turned the markets on a dime, but in the end the IMF did not confirm said rumors and the markets closed down.

This month saw the least amount of up days since 1969.

DOW dow 22

NASDAQ down 10

S&P down 2.7

Today’s story

[youtube://http://www.youtube.com/watch?v=oZdiXvDU4P0 450 300]

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Market Update

Fuckbook continues to suck ass. The markets have circle jerked investors and will probably close to the upside; but not by much as everyone is waiting on tomorrow’s employment data.

Financials tried to lead the charge, but failed at a crucial resistance line.

Basic materials and capital goods lead to the downside.

The Euro hands on to a thread while oil has pared major early morning losses.

Gold is relatively unch up $3.

Market update

[youtube://http://www.youtube.com/watch?v=VFsK6KHxvKk&feature=related 450 300]

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Gapping up and Down This Morning

Gapping up

CIEN +6.1%, LEAP +5.7%, ZNGA +4.1%, ZUMZ +3.5%, NVS +1.1%, MYGN +0.5%,

Gapping down

LGF -6.6%, JOY -3.8%, RENN -1.8%, TIVO -1.8%, ALKS -0.7%

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Market Update

Markets remain weak on hopes being dashed by European indecision. All a bull can say is the volume is low and the the follow through to the downside has not been bad.

Full update

[youtube://http://www.youtube.com/watch?v=JCtdKWWfZG8 450 300]

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Gapping Up and Down This Morning

Gapping up

DGIT +13.8%, OSIR +12.7%, FORM +11.1%, ENS +3.3%, MVIS +3.1%, SLM +2.2%, LNKD +1.1%,

WYNN +2.3% , GPS +0.2%,  BIDZ +30.3%,  MON +3.0%,

Gapping down 

PBY -13.4%, PWRD -13%, RPRX -11.3%, SURG -8.8%, TTM -5.6%, RIMM -5.6%, RIO -4.1%,

FRO -4%, FRO -4%, DRYS -3.9%, BBL -3.3%, STD -3%, MT -2.9%, DB -2.6%, TEF -2.4%, UDR -2.3%,

SDRL -2.1%, BP -2.1%, MOTR -1.9%, CPRT -1.8%, RDS.A -1.7%, CHK -1.5%, TOT -1.3%,

PPC -4.2%, hopes, dreams,

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EU Summit Produces Too Little Too Late

Details emerging out of an EU summit have disappointed equity markets as the EU would rather apply direct aid and use bond creation as an anti dote. The world wants a fire wall and a colossal amount of fire power through bond issuance to stem the problems.

Worries of a $LEH style failure are now on the table as the world does not trust the EU to respond quickly enough to put out fires and contain possible contagion.

Full article 

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