Archive - May 22, 2009

Treasuries tumble (but wait, there was nothing to fear in the rating agency posturing we thought... or maybe there was)

Gold takes off (this is not the hedge fund driven wholesale plundering you are looking for)

As of 1 am last night, the petition in support of the Ron Paul /Alan Grayson / HR1207 initiative had over 2,500 signatories and climbing fast.

The link to endorse the petition is here.

• Jobless claims fell 12,000 last week, more than expected.
• Aeropostale's Q1 net rises 81% to $31.7M led by a 21.3% rise in revs at $408M.
• Autodesk swung to a Q1 loss of $32.1M as revs fell 29% to $425.8M.
• Barnes & Noble posts Q1 loss but boosts Y09 EPS from $1.10 to $1.40.
• Brocade Comm swung to a Q2 loss of $63.1M on write-downs, acquisition and stock-compensation related costs.
• Campbell Soup raised Y09 f'cast, reported Q3 profit that exceeded cons.
  

• CRE green shoot data point of the day: Recession turning malls into ghost towns (WSJ)
• Geithner calls for "very, very substantial" change to Wall Street pay (Bloomberg)
• Europe's worsening crisis (WaPo)
• Roger Altman leaves Evercore, BlackRock's Scholsstein takes over (

In what is sure to prove a disappointment to EMT and SLP purists, Goldman this week managed to trade a mere 859 million principal PT shares, or just under 6x its combined facilitiation and agency volume. What is this - amateur hour at the New York Plaza? What is more peculiar is the dramatic drop in overall NYSE Program trading: from 3,741 million shares in the prior week to 3,265 million in the most recent week.

In what is sure to prove a disappointment to EMT and SLP purists, Goldman this week managed to trade a mere 859 million principal PT shares, or just under 6x its combined facilitiation and agency volume. What is this - amateur hour at the New York Plaza? What is more peculiar is the dramatic drop in overall NYSE Program trading: from 3,741 million shares in the prior week to 3,265 million in the most recent week.

In what is sure to prove a disappointment to EMT and SLP purists, Goldman this week managed to trade a mere 859 million principal PT shares, or just under 6x its combined facilitiation and agency volume. What is this - amateur hour at the New York Plaza? What is more peculiar is the dramatic drop in overall NYSE Program trading: from 3,741 million shares in the prior week to 3,265 million in the most recent week.

• US will steer GM into bankruptcy next week (WaPo)
• BankUnited fails in year's biggest bust (WSJ)
• Treasuries rise as Fed's Rosengren says recovery will be slow (Bloomberg)
• Tech rally in full force: Lenovo shares dive after second straight qtrly loss (