Hand to Hand Combat in the Options Pits

Posted by: RobotTrader

Post date: 03/10/2010 - 15:22

Things are really starting to get wild. CNBC should just eliminate the NYSE trading floor shots and replace them with battle scenes from "Hamburger Hill" or some of the medieval battles in "Lord of the Rings". Basically, everyone is out for blood today as panicked put and call holders are getting barbecued with Goldman's flamethrowers or getting bludgeoned to death by spiked clubs.

Party Boy Roubini Worries About Double Dip

Posted by: Econophile

Post date: 03/10/2010 - 15:04

My favorite party boy economist, Nouriel Roubini, just came out with his analysis for the second half and he notes that we may be heading toward a double-dip recession. Too much negative news, he frets. I have been saying this for some time.

Your Usual Table, Mr. Papagiorgio?

Posted by: Chris Pavese

Post date: 03/10/2010 - 14:13

It would appear that European leaders are back at their usual table. Speaking at the Bookings Institute before meeting with the US administration, Greek Prime Minister George Papandreou blamed “unprincipled speculators” and “ill-regulated” financial markets for pushing Greece to the brink of financial ruin and dragging down the euro. Along the way he convinced France’s Nicholas Sarkozy, that another financial crisis is around the corner if the CDS market is not curtailed. Sadly, we agree with the conclusion, but many European “leaders” are confusing cause and effect. Keith McCullough, at Hedgeye, explained it best yesterday when he said, “markets don’t lie; politicians do . . . hearing politicians talk about markets is like watching a southern belle try to ice fish.”

Daily Highlights: 12.15.09

Submitted by Tyler Durden on 12/15/2009 08:29 -0500

Airline loss forecast for 2010 widens to $5.6B on fuel, IATA says.
Chinese government will target “excessive” growth in property prices in some cities.
Dubai bonds show more aid needed from Abu Dhabi to repay 2010, 2011 debt.
German Investor confidence falls as recovery weakens, Greece roils markets.
Gold futures down $7.90 at $1,115.90 an ounce.
Major Asian markets decline, Hang Seng falls 1.2% as China developers fall.
Singapore Job firings slow, employment vacancies rise as economy improves.
U.K. to buy 22 Boeing Chinook helicopters to bolster forces in Afghanistan
ArcelorMittal, is looking to eliminate about 10,000 jobs, with cuts likely in Europe, US.
Avnet raises Q2 EPS view to $0.56-0.62 from $0.52-0.60; revs seen at $4.325-4.725B (cons $4.46B).
Bank of America more likely to tap insider for CEO as BNY's Kelly opts out.
Charles Schwab warns on Q4 profit, cites fee waivers, drop in trading volume.
Citigroup bailout exit clouded by $617B of assets at Citi Holdings.
Deutsche Bank sees pretax profit €10B for 2011.
European Union antitrust regulators poised to clear Oracle's bid for Sun Microsystems.
Exxon agreed to buy XTO Energy for $31B in stock, bets on natural gas as the next driver.
Ford restores salary increases, pension-savings match as business improves.
Glencore unit agrees to buy 50.8% stake in Chemoil Energy for $233M
Google in talks with Deutsche Telekom's T-Mobile USA to sell its upcoming phone.
Homex SAB sees 2010 revenue rising 12-14% YoY amid government financing for housing.
Mitsubishi UFJ prices new shares at $4.83, deal could raise up to $11.58B.
Global truck market has started to recover: Daimler.
ON Semiconductor Corp. will acquire California Micro Devices Corp. for $108M.
Toyota, Hitachi among Japanese companies forced to sell stakes or buy full control of listed subsidiaries under proposed legislation.
Wells Fargo to repay entire $25B TARP invt; announces $10.4B common stock offering.

Economic Calendar: Data on PPI, Capacity Utilization, Industrial Production to be released today.

Earnings Calendar: ADBE, BBY.

Recent Egan-Jones Rating Actions
TEEKAY CORP (TK)
TITAN INTERNATIONAL INC (TWI)
TERADYNE INC (TER)
BRITISH AMERICAN TOBACCO (BATS LN)
PHILIP MORRIS INTERNATIONAL (PM)
FERRO CORP (FOE)
PHILIP MORRIS INTERNATIONAL (PM)
YRC WORLDWIDE INC (YRCW)
CITIGROUP INC (C)
XTO ENERGY INC (XTO)
AMERIGAS PARTNERS LP (APU)
AMERICAN TOWER CORP (AMT)
MCKESSON CORP (MCK)

Data provided by Egan-Jones Ratings and Analytics

Your rating: None