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Frontrunning: February 9
- Traders make $8 billion bet against euro (FT, h/t Daedal)
- Greece says call for aid would send "worst signal" (Bloomberg)
- ECB says Trichet travel change due to logistics (CNBC)
- Portugal plans 10 year Euro-denominated benchmark bond issue (MarketWatch)
- Judge promises to rule on SEC, BofA settlement (Yahoo, h/t Daedal)
- US Losing AAA is way to rein in Pelosi, Reid (Bloomberg)
- Death knell? UBS reports higher client outflows, return to profit (UBS)
- Overbought conditions: Junk Bonds show ebbing distress on record sales (Bloomberg)
- Republicans and the populist temptation (WSJ)
- Up in smoke: one third of gains since the start of 2009 (Bespoke)
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Not looking good for UBS. Their wealth management division (the heart of the beast) bleeding internally.......
You can thank the IRS for that.
"Wall Street eyed a higher open on Tuesday as speculation that debt-burdened Greece would get help from the European Union bolstered sentiment...Talk of a rescue for Greece was spurred by news that European Central Bank President Jean-Claude Trichet was leaving a meeting of central bankers in Sydney early to attend a European Union leaders' summit...EU officials later clarified that Trichet's early return to Europe had long been planned."
http://finance.yahoo.com/news/Wall-Street-set-to-rise-on-rb-3579359531.h...
In other words, this excuse for a higher open this morning doesn't make sense, but we'll use it anyway.
JC Trichet had a Casino Royal trip sceduled. He doesn't miss playing cards or his sensual massages.
how does "helping" Greece with more aid ie debt help anything at all?
Surely much too debt is the problem so how will more debt help? Assuming this is the case
I can't see german taxpayers GIVING money away
Trichet flys commercial? He moved up his flight "so he would not miss a connection". Why the heck does he fly commercial?
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