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Frontrunning: July 13
- The spin is just hilarious: Alcoa profit surprise bodes well for economy, stocks (Bloomberg), Euro stocks gain on Alcoa earnings (Reuters) - so let's get this straight: a $30 million marginal "beat" in Alcoa Net Income is sufficient to push hundreds of billions in global market capitalization higher... brilliant
- The US Consumer is once again the driver of the world economy: the US May Trade deficit increased to $42.3 billion, far beyond expectations of $39 billion; also as reported, China trade deficit was worst since October (and ever, from the Chinese perspective) (Bloomberg)
- Abu Dhabi may make another "successful" investment, this time in BP (Bloomberg) - is this a precursor to another hang gliding incident?
- Extend and Pretend European edition - yet another confirmation that all European banks are insolvent, as they are all about to win a "reprieve" on Basel capital rules (Bloomberg)
- Satyajit Das: Debt shuffling will be a self-defeating exercise (FT)
- Goldman may seek another extension in SEC fraud case (Reuters)
- Dropping a dime on Treasury-Goldman chats (Post)
- Taxpayers don't need $2.9 trillion pension overhaul (Bloomberg)
- Hussman: Misallocating resources (Hussman Funds)
- It's time to reform Freddie and Fannie (Fortune)
- Roubini and Bremmer: Sagging global growth requires us to act (FT)
- KKR's botched IPO spotlights buyout firms' fall (Bloomberg)
- Obama's "Export Strategy" is a laugh (RCM)
- The Lady Gaga economy (Daily Caller)
- Well, at least we get one side of the story. Paulson likes what he sees in overhaul (Andrew Ross Sorkin)
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Market has been going up ever since Obama met with Benjamin "Bibi" Netanyahu.
ride the fraud pony
win a pony
pledge allegiance to the angel of lies and deception: SATAN
The next month Bennie will hammer the dollar. Watch gold and oil. The funds are onto it.
"The spin is hilarious..." -- This reminds me of the good ol' Dot.Com Days...Some two-bit company would publish a Press Release stating that it secured a new contract for (example) $One Million and the market cap would shoot up tens and/or several hundred million ON THE DAY it was announced.
Even some well-establish company (Worldcom?) would announce a new source of revenue and the market cap would exceed the announced revenue increase by 500% !!!
Ah, the Good Ol' Days are here again...
Tyler, I hope you didn't invest to much money in those DOW 9000 hats because you won't be able to sell them for at least another month!
No Problemo..he will do like all other companies and pay his Net-30 in SIX MONTHS to ONE YEAR. :)
Abu Dhabi may make another "successful" investment, this time in BP (Bloomberg) - is this a precursor to another hang gliding incident?
Do you mind elaborating, please.
More MARKET MANIPULATION.............in the open, to cover their shorts,sorry bstds.
Drive prices down,cover there ass, and then do a re-reun.
http://edegrootinsights.blogspot.com/2010/07/bullish-money-flows-in-gold.html
AA, has laid off 37,000 employees since Jan 2009. About 26% of their work force.
One wonders how excellent their numbers will be when that number reaches 50%?
regarding the bloomberg article on adjusting the expected returns on public pensions and resistance by unions to such a move. i say just transfer the present value of these pensions at the higher rate and let the unions deal with the issue themselves. get it off the muncipal books.
Lady Gaga running the economy - now there's a thought...
DavidC
As warned about earlier, DOW/SP500 remains bullish for now ...
http://stockmarket618.wordpress.com
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