A Vote is set for Saturday; so more details to come.
Comments »Pre Crime Detection Software Gets a Test Run
Sprint Ready to Increase 4G Coverage
Canada’s Unemployment Rate Falls in September
IMF Adviser Warns of a Euro Zone Meltdown in 2-3 Weeks If EU Does Not Act
iGotcha Snaps iPhone Thief
Steve Jobs’ List of Personal Patents
Insider Action Over the Last 30 Days
Friendly’s Goes Chapter 11
Costco, $COST, 4th Quarterly Profits Rise; Company Seeks to Raise Membership Fees
Challenger Jobs Report Show a 212% Increase in Job Cuts For America
President Co-Caine Starting to Resonate
Herman Caine, mathematician, former Deputy Chairman of the Fed, is now a contender for President.
Comments »Ford Strikes a Preliminary Deal With the UAW
Kodak Pops After Denying Bankruptcy Rumors; $EK up 94%
Marine Vets to “Protect” Occupy Wall Street Crowd
[youtube:http://www.youtube.com/watch?v=Tp-eapYpL8c&feature=feedu 603 500]
Comments »German Finance Minister Wolfgang Schaeuble: Germany ‘won’t give more to EU bail-out fund’
FBI Probing Into Solyndra Accounting Fraud
S&P and Dow Jones to Merge
“McGraw-Hill Companies is in advanced talks to merge its S&P Indices business with CME Group’s Dow Jones Indexes, a source familiar with the situation said on Thursday.”
Comments »Treasuries: Risk trade is back on (Satire)
Oh wait a minute…
CCNMoney
Thursday is off to a sunny start for investors who prefer riskier assets than bonds.Germany approved the eurozone bailout, the U.S. economy performed stronger than previously thought in the second quarter, and fewer Americans filed for unemployment benefits last week — all good news that is fueling a move from safe havens like U.S. Treasuries into stocks instead.
As a result, the price on the 10-year Treasury fell Thursday, pushing the yield up to 2.01%. (Bond prices and yields move in opposite directions).
The 10-year yield is coming back from a record low at 1.67% set last week.
That said, some bond traders are skeptical the optimism will last.
“The risk-on trade could be getting ahead of itself,” said Michael Cheah, senior portfolio manager at AIG SunAmerica. “For unemployment claims to be at 391,000 and the stock market rejoices in this — I’m worried about the psychology there. People are grasping for any kind of hope they can get.”
The Treasury Department is scheduled to auction $29 billion in 7-year notes later in the day, following successful auctions of $35 billion in 2-year notes Tuesday, and $35 billion in 5-year notes Wednesday.
Maybe they should put out a piece titled “Treasuries: Risk trade is back off” now? Or maybe news stations should avoid creating posts that try and preclude market direction?
Comments »Bernanke May Cut Rates To Avoid Deflation
“It is something that we’re going to be watching very carefully,” Bernanke said in response to questions from the audience at a forum sponsored by the Cleveland Fed.
“If inflation falls too low or inflation expectations fall too low, that would be something we have to respond to because we do not want deflation,” Bernanke said.
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