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Fed. Giveth 1day RP + 11.00 [All Add]
Mortgage-Backed
The Slosh Report:
http://www.gmtfo.com/RepoReader/OMOps.aspx
Senate Approves New Legislation Supporting Wind and Solar Companies
PRNewswire 8:00 a.m. 04/14/2008
WASHINGTON, April 14, 2008 /PRNewswire via COMTEX/ -- The U.S. Senate has approved legislation renewing the incentives which encourage construction of wind and solar energy projects. The Clean Energy Tax Stimulus Act of 2008 passed the Senate with overwhelming bi-partisan support in an 88 to 8 vote.
Wind and solar industry associations lobbied for months to renew the tax credits which helped to spur record growth in both industries over the past five years. Gregory Wetstone of the American Wind Energy Association stated: "With 116,000 jobs and $19 billion in clean energy investment at risk from the looming expiration of renewable energy tax credits, the Senate has recognized the urgency of taking timely action to extend these incentives."
Lazard analyst Sanjay Shrestha placed a new buy rating on solar cell manufacturer JA Solar (JASO) . Bank of America issued a buy rating for First Solar (FSLR), a world leader in solar semiconductor technology.
W@G1 QQQQ 04/14/08 for a 04/16/08 close
44.75 rayrohn
44.55 bob3
44.20 Farooq
44.00 dr_sean
43.50 frenchee
Wachovia to get $7B investment
By IEVA M. AUGSTUMS, AP Business Writer
Edit...chit l just deposited some $$$ my home bank.
Wachovia Corp. said Sunday it will move up the release of its first-quarter financial results, an announcement that closely followed a report that the nation's fourth-largest bank is about to get a multibillion-dollar cash infusion.
The Charlotte-based bank, which is struggling to digest its admittedly ill-timed purchase of mortgage lender Golden West Financial Corp., will report before the market opens Monday. The bank had been set to report its results Friday.
The change was announced shortly after The Wall Street Journal reported Wachovia was working on the final terms of a deal that would bring in between $6 billion and $7 billion of capital. In return, the investor group would get shares priced at roughly $23 to $24 apiece — about an 18 percent discount to Wachovia's closing share price Friday of $27.81.
Wachovia's shares have sunk 48 percent in the past year, dropping from a 52-week high of nearly $57 as the housing slump and credit crisis pounded the nation's leading banks and financial service companies.
The Journal cited people familiar with the matter and said officials at Wachovia could not be reached for comment. Wachovia officials did not immediately return calls from The Associated Press.
The cash infusion would be Wachovia's second of the year. In January and early February, Wachovia added $8.3 billion in capital by issuing preferred stock and other securities to investors.
"These securities strengthened our regulatory capital position and provide greater certainty that we are well positioned in 2008," chief executive Ken Thompson wrote in a letter to shareholders in February.
Wachovia's troubles with the housing slump have been compounded by its 2006 acquisition of California-based Golden West, a $24 billion deal whose timing, Thompson has admitted, "was not the best."
"With the benefit of hindsight, it is clear that the timing was poor for this expansion in the mortgage business," Thompson wrote in February.
Golden West's loans were concentrated in California, one of the hardest-hit housing markets in the U.S. Wachovia said this month that it was considering halting the making of loans, including its signature Pick-A-Payment mortgage loans, in 17 California counties heavily affected by falling home prices and rising foreclosures.
Last week, it announced a new set of lending guidelines that appeared to be a broader step to help manage losses at the bank.
"The problem is they keep doing deals, and they hit a deal that didn't work," said Nancy Bush, an independent analyst with NAB Research LLC in Aiken, S.C. "A capital infusion may not be the answer. There needs to be some restructuring."
Wachovia said in February it expects to set aside more money for bad loans, although it did not give a specific amount. The company took more than $3.2 billion in write-downs in the second half of 2007, losses tied mostly to the housing market and the falling value of its collateralized debt obligations. CDOs are a kind of security often backed by subprime mortgage loans — or those given to customers with poor credit histories.
In last year's fourth quarter, Wachovia's net income plunged 98 percent because of a $1.7 billion write-down of some holdings — primarily assets backed by subprime mortgages — and $1.5 billion set aside to cover bad loans.
The Journal said Wachovia's cash infusion is similar in structure to the $7 billion in new capital Washington Mutual Inc. obtained last week from an investment group led by private equity group TPG.
Dollar Rises After Group of Seven Raises Concern About Decline
Edit..bob3, gotta be magic!
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBmls5opq6ZM&refer=home
Mega mergers ahead for mining industry
Fri Apr 11, 2008 6:13pm BST
By Ignacio Badal - Analysis
SANTIAGO (Reuters) - With metal prices holding in what many call a super cycle, the global trend toward mergers and acquisitions will continue among miners, according to analysts and executives who attended the CRU/Cesco copper week in Santiago this week.
Small and medium-sized miners, and juniors who are still in the exploration stage, are the easiest targets for bigger companies, but the acquisition wave won't likely stop there, they said.
Mining analysts agree the market will soon see more huge takeover bids announced, like the failed attempt by Brazilian mining giant Vale (VALE5.SA: Quote, Profile, Research) (RIO.N: Quote, Profile, Research) to buy Xstrata (XTA.L: Quote, Profile, Research) for more than $90 billion.
Executives say acquisitions will continue because global copper demand is growing and supplies are tight, so new supply has to be brought on line. The easiest way to do that is to buy existing producers.
Companies will be on the lookout for producing assets and smaller players won't have the same access to financing to bring new output on line.
"(Mining) costs have skyrocketed in recent years, with the subprime crisis and the disappearance of securitized debt markets ... it is increasingly difficult to finance, meaning only the best capitalized players can afford to invest," said Bart Melek, a Toronto-based analyst with BMO Capital Markets.
"We may well be entering an era of super-consolidation. We'll see what pans out during the course of the next two years," Charlie Sartain, the chief executive of Xstrata Copper, told the CRU conference on Thursday.
Words like mergers, acquisitions and takeovers were among the most heard at the CRU and Cesco copper week, where potential buyers and sellers huddled in hallways and hotel lobbies.
"We are looking for acquisitions and mergers," said Owen Hegarty, president of Australian miner Oxiana (OXR.AX: Quote, Profile, Research).
Oxiana is in the middle of a A$6.1 billion (US$5.67 billion) takeover of fellow Australian miner Zinifex (ZFX.AX: Quote, Profile, Research).
Prices for copper hit a record of more than $4 per pound on Thursday, compared with 60 cents a pound five years ago. Prices for other metals, including gold, silver and nickel, are also high.
Experts say prices could stay high for several more years, and high costs will continued to cut into company profits.
"Acquisitions will continue because there is an enormous need for capital for development," said Hugh Callaghan, president of junior miner Tamaya Resources.
Among the big miners that industry sources signal may enter the fray are Southern Copper (SPC.LM: Quote, Profile, Research) (PCU.N: Quote, Profile, Research), a unit of Grupo Mexico (GMEXICOB.MX: Quote, Profile, Research), Chile's Antofagasta Minerals (ANTO.L: Quote, Profile, Research), Mexican silver miner Penoles (PENOLES.MX: Quote, Profile, Research) and Freeport-McMoRan Copper & Gold (FCX.N: Quote, Profile, Research) of the United States.
"I don't think its the best time for acquisitions, because prices are so high," Penoles explorations director David Giles said, adding that his company could nevertheless be looking for potential purchases.
"We're on the lookout for many opportunities," said Xioaling Ren, vice president for marketing for Aluminum Corp of China.
http://uk.reuters.com/article/oilRpt/idUKN1138940820080411?pageNumber=1&virtualBrandChannel=0
Chevron, Total seeks contract with Iraq on oil field
Posted 12 April 2008 @ 02:14 pm EST
Chevron Corp. and Total confirmed that they are in talks with the Iraqi government to expand production at a major oil field in Basra, southern Iraq.
The negotiations will finalize a two-year deal to increase oil output at the West al-Qurna oil field in Basra, Iraq's second-largest city.
Chevron confirmed their involvement after Total's chief executive officer publicly discussed the proposed deal Thursday at an oil industry conference in Paris.
"We just want to be consistent with them and confirm that what they're saying is accurate," Glaubitz said.
West Qurna field is located about 40 miles west of Basra and is among Iraq's 10 "super giant" fields with its reserves estimated between 15 to 21 billion barrels, according to Iraqi Oil Ministry and Energy Information Administration.
"Chevron is interested in helping the Iraq government's objectives to develop its oil and gas industry," Glaubiz said.
Iraq's oil ministry expressed approval of foreign companies who want to invest in Iraq. By using the companies financial resources and technical expertise, Iraq's fields can become more developed and production is increased.
Royal Dutch Shell PLC, BP PLC, ExxonMobil Corp. and Chevron Corp. submitted technical and financial proposals last December, to develop five fields in southern and northern Iraq.
Iraq said it plans to compensate these companies with crude oil rather than in cash.
Iraq has the world's third-largest oil reserves, totaling more than 115 billion barrels. Iraq's average production for February was 2.4 million barrels per day while exports average 1.93 million barrels per day.
http://www.ibtimes.com/articles/20080412/chevron-total-oil-exxon.htm
bob3 Edit....yeah sure it was never about oil. lt's always about oil.
Don Coxe: audio program. Global food crisis
http://events.startcast.com/events/199/B0003/#
Run time 36m q/a @ 23m
increase exposure Ag stocks
rough rice
madness to produce corn for fuel
risk in GE as other banks
Edit....not boring
Don Coxe: audio program. Global food crisis
http://events.startcast.com/events/199/B0003/#
Run time 36m q/a @ 23m
increase exposure Ag stocks
rough rice
madness to produce corn for fuel
risk in GE as other banks
Edit....not boring
IMF head gives food price warning
Sunday, 13 April 2008 01:32 UK
The IMF's Strauss-Kahn wants strong action on food price inflation
The head of the International Monetary Fund (IMF) has warned that hundreds of thousands of people will face starvation if food prices keep rising.
Dominique Strauss-Kahn said that social unrest from continuing food price inflation could cause conflict.
There have been food riots recently in a number of countries, including Haiti, the Philippines and Egypt.
Meeting in Washington, the IMF called for strong action on food prices and the international financial crisis.
Market turmoil
Although the problems in global credit markets were the main focus of the meeting of the IMF's steering committee of finance ministers from 24 countries, Mr Strauss-Kahn warned of dire consequences from continued food price rises.
"Thousands, hundreds of thousands of people will be starving. Children will be suffering from malnutrition, with consequences for all their lives," he told reporters.
He said the problem could lead to trade imbalances that may eventually affect developed nations, "so it is not only a humanitarian question".
Food prices have risen sharply in recent months, driven by increased demand, poor weather in some countries and an increase in the use of land to grow crops for transport fuels.
The steering committee also called for "strong action" among its 185 members to deal with "the still unfolding financial market turmoil and... the potential worsening" of housing markets and the credit crunch.
The finance ministers did not dissent from the IMF's previous forecast that only a moderate slowdown in world economic growth is the most likely outcome over the next year or two.
http://news.bbc.co.uk/1/hi/business/7344892.stm
US banks Citigroup and Merrill Lynch reveal fresh $15bn loss
From The Sunday Times April 13, 2008
Iain Dey
CITIGROUP and Merrill Lynch will heap further pain on Wall Street this week as they reveal additional sub-prime write-downs totalling $15 billion (£7.6 billion) or more.
In another sign of the intense pressure on leading banks, Deutsche Bank is attempting to offload some of its €35 billion (£28 billion) of toxic debt to a consortium of private-equity firms.
Huge exposure to American mortgages is expected to result in Citi taking a $10 billion hit to its accounts, dragging the bank to a first-quarter loss of almost $3 billion. Some analysts believe Citi’s write-downs could stretch to as much as $12 billion.
Merrill will suffer $5 billion of write-downs, analysts say, which would push the bank $2.7 billion into the red.
Related Links
More turmoil feared as G7 ducks credit crunch
Global crisis has battered GE in its grip
Housebuilders teeter as the crunch bites
It is expected to knock a further 20% from the value of its sub-prime holdings, in spite of the fact that it announced $18 billion of write-downs only three months ago.
The new rash of Wall Street losses and write-downs come in addition to the billions that have already been recorded.
The world’s biggest banks have suffered losses and write-downs totalling almost $250 billion since the beginning of 2007, according to analysts. Last week the IMF shocked markets by saying that global losses from the credit crisis could rise to $945 billion.
JP Morgan is expected to offer the only glimmer of hope from this week’s results, posting a small profit, in spite of huge exposures to leveraged loans.
Some of the world’s biggest banks are beginning to work on new solutions to relieve tension in the financial markets.
Deutsche Bank is understood to be talking to a number of private-equity funds about a disposal of some of its backlog of loans to venture-capital firms.
The value of leveraged loans sitting on Deutsche’s balance sheet is greater than its shareholder equity. The bank is planning to sell on the loans to the private-equity funds at a loss to free up its balance sheet, according to market sources.
The plan mirrors a similar move by Citi to sell $12 billion of its leveraged-loan portfolio to private-equity firms including Blackstone, Apollo and Texas Pacific Group.
The Citi deal is hoping to close the deal in time for this week’s results. It is one of a number of significant moves by Vikram Pandit, Citi’s new chief executive.
But the sale could be hampered by problems with the planned inclusion of loans related to EMI, the music business. Citi bankrolled its buyout last year by Terra Firma Capital Partners, and still holds about $5 billion of EMI debt.
It was reported yesterday that Citi had been forced to remove some of these loans from the sale after buyers complained they did not have sufficient financial information on EMI.
Citi announced plans to sell its Diners Club credit-cards business to Discover last week, and is also considering a sale of its German retail-banking operations.
City insiders believe job losses are inevitable. Pandit is thought to be considering a radical reshaping of the bank’s equity research organisation. Insiders say that it may be slimmed down to focus on its top 300 clients, rather than providing a wider service to investors.
Some banks are looking to use the crisis to steal a march on their competitors. HSBC last week revealed its intention to use the tightening credit conditions as an opportunity to boost its 3% share of the UK mortgage market.
Abbey, which is owned by Spain’s Santander, has written close to 20% of all the mortgages handed out in Britain in the first quarter, according to sources close to the company. The bank is funding its expansion in the market by attracting more money from savers, analysts say.
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3671568.ece
The Global Broadband Speed Test
http://www.speedtest.net/index.php
My results:
/13/2008 2:45 AM GMT 24.74.131.126 4919 kb/s 361 kb/s 87 ms Atlanta, GA
Boring stats & 1st call up
had me into deep senior nap.. lol. Son turned off PC & TV
Left me face down on my desk, it was a great day!!
RE Bob Brinker link
Show time is 4:00pm EDT Saturday sometimes pre-empted 4 local sports event. So l have listed KGO @ same time frame, a Ca station with strong signal.
The 1st 10/15 min sets his take then on to screened calls. [user friendly];)))
MoneyTalk on the net with Bob Brinker
Brinker -KGO: http://www.kgoam810.com/listenlive.asp#
Fed. Ops: 47.50B Matures this week.**
Wed: 10.50B 5day
Thu:
5.00B 14day
17.00B 7day
15.00B 28 day [Mortgage-Backed]
=============================-==
Float: 55.00B
================================================
Temp Ops:
Perm Ops:
=================================================
Public Debt:
Limit ~ $9,815 T
4/10 ~~ $9,442 T
=========================================================
The Slosh Report:
http://www.gmtfo.com/RepoReader/OMOps.aspx
http://www.ny.frb.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE
=========================================================
** Anyone paying attention to this data ??? cuz l may only post it @ Abet Chichi2 in order to save posts.
Fed. Ops: 47.50B Matures this week.**
Wed: 10.50B 5day
Thu:
5.00B 14day
17.00B 7day
15.00B 28 day [Mortgage-Backed]
=============================-==
Float: 55.00B
================================================
Temp Ops:
Perm Ops:
=================================================
Public Debt:
Limit ~ $9,815 T
4/10 ~~ $9,442 T
=========================================================
The Slosh Report:
http://www.gmtfo.com/RepoReader/OMOps.aspx
http://www.ny.frb.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE
=========================================================
** Anyone paying attention to this data ??? cuz l may only post it @ Abet Chichi2 in order to save posts.
Brother Can You Spare 10 Grand?
By: Peter Schiff, Euro Pacific Capital, Inc.
Friday, 11 April 2008
The grainy footage of Great Depression soup lines and Hoovervilles now in heavy rotation on the major news outlets has been largely counterbalanced by a parade of economists who reassure us that such a protracted downturn is currently inconceivable. Their confidence stems primarily from the belief that government safety nets enacted since the New Deal, together with a Fed chairman who is a self-professed depression buff, will prevent a replay of the 1930s. As usual, this analysis is woefully optimistic and sidewalk pencil sales may in fact be a growth industry.
Although Bernanke may have spent much time studying the Great Depression, his understanding of it is anything but sound. That epic slowdown resulted from a series of policy mistakes, first by the Federal Reserve and then by the Federal Government. Bernanke’s view is that these mistakes were simply not large enough. What the current Fed chairman does not grasp is that the seeds of the Depression were sown during the “roaring” 1920s when the Fed, in an effort to support the British pound, kept interest rates much too low. It was this unnaturally cheap money that fueled a raging stock market bubble. In 1929, when the Fed finally came to its senses and raised rates, the bubble finally popped. In his reading of this history, Bernanke ignores the effects of the overly easy policy and simply lays blame on the tightening.
As the recession progressed, both Hoover and Roosevelt, in politically inspired efforts to ease the pain, repeatedly interfered with free market forces working to correct the imbalances. This ultimately turned what would have been an ordinary, though perhaps severe recession, into what we now call the Great Depression. This time around, the Greenspan/Bernanke Fed blew up even bigger bubbles and both the Fed and the Federal Government now show an even greater commitment in preventing free market forces from rebalancing our economy. As a result, similar to the way that the “War to End all Wars” had to be rechristened after 1939, future historians may need to come up with a new term for the Great Depression.
Rather than acting as safety nets, the programs now being devised by government will act more like snares, further impeding market forces from righting the ship. But for those who insist that a new “New Deal” is needed, it is important to retain a sense of scale. Prior to the massive expansion of Federal programs in 1933, the government was very small relative to the economy of that time. Though I believe that many of the economic policies of the New Deal were unwise and simply prolonged the Depression, at least back then we could afford them. Today of course, the Federal Government is already enormous, and any increase in spending will either have to be financed by further borrowing from abroad or though additional money printing by the Fed.
For his part, Bernanke blames the Depression on the Fed not printing enough money. Had the Fed done precisely what Bernanke now thinks they should have, the Great Depression would have been much worse. Had the Fed tried to re-inflate the stock market bubble or keep it from bursting in the first place, it’s the dollar that would have collapsed, and Depression-era America would have looked liked Weimar Republic Germany. As bad as the Great Depression was, hyperinflation would have made it even worse.
The good news is that there is still time to alter course and steer clear of both hyper-inflation and depression. The bad news is that if we remain on our current course that is precisely where we will end up. Our days of dominating the global economy are clearly coming to an end. The only question is will we follow the path of Great Britain or Argentina?
http://news.goldseek.com/EuroCapital/1207938674.php
The Croesus Chronicles
Inflation's Very Scary
Robert Lenzner, 04.11.08, 6:00 AM ET
Robert Lenzner
It's pretty hard for Croesus to believe that the rate of inflation is only 3.4%, given the sharp rise in the price of food, gasoline and other sundry daily necessities.
Kimberly Stevens, a 42-year-old resident of Lewisville, Texas, and a Croesus follower, is also refusing to buy into the official Washington line that the nation's inflation rate is only 3.4%. This outraged reader says, "As far as I am concerned, Bernanke, President Bush, Clinton, Obama and the rest of them live in a fairy-tale world. They do not go shopping each week and have no idea what the cost of goods is."
Stevens, a $90,000-a-year e-commerce solutions architect has been peppering Croesus with the real facts of life. A gallon of the Horizon organic milk she buys for her two boys has soared from $1.99 to over $5, an increase of 250%. In the past year, a loaf of bread has surged nearly 50%--to $2.29 from $1.59. Her Kraft cheddar cheese has gone from $1.99 to $2.50 for an eight-ounce package--a 25% rise. A dozen extra large eggs are up from 79 cents to $1.19, or about 50% , while ground beef, Stevens insists, is up more than 60%, from $1.79 a pound to $2.99.
Croesus' source in small-town America doesn't think "people will be able to afford to go to work this summer" when she predicts gasoline will hit $4.50 a gallon. "My Jeep cost $35 a week to fill in 2005 when we bought it. It is now over $60 to fill. In the past month gasoline has gone up over 75 cents (a gallon)."
The cost of food and fuel for a month are $1,300 higher, "a big hit in a family budget," she insists. "American people cannot continue to survive and fund our great economy with more and more of our income going to pay to get us to work and home again."
"You cannot tell me that is 3.4% inflation," Stevens writes. "Who is the government and the Fed kidding? I am not that stupid, and I can bet most wives/moms who are grocery shopping know there is no way that is 3.4% inflation. Do they think we forget what prices were a year ago?" This is a middle-class professional mother and consumer--the heart and soul of America--who is clearly resolutely focused on the daily cost of feeding her family.
Indeed, Croesus has discovered that wheat has been trading between 50% and 80% above 2007 prices. Dairy products have witnessed the largest gains compared with last year, ranging from 80% to 200% higher. This is caused by higher animal feed costs and tight dairy supplies. Monthly milk prices on the Chicago Board of Trade have more than doubled in the past two years. Crude oil prices have risen 15% so far this year after soaring 57% in 2007.
The Dow Jones-AIG commodity index overall is up 14% just since January. Can it be that commodities are trading on their investment quality as tangibles rather than because of supply-demand factors? Does that even matter when it comes to the impact on inflation?
Croesus believes this mad rush into commodities by SmartMoney is caused by its seductive quality as flavor of the month speculation by those across the globe betting against the U.S. dollar.
Former Fed chairman Paul Volcker warned this week that monetary policies to ease the recession might well be leading to higher inflation and a run on the dollar. He predicted OPEC would soon price oil from a basket of currencies rather than the dollar.
Can it be that the way the Fed figures inflation needs a thorough overhaul? The powers that be may think it is better to not know, to be dumb, or, at least, to play dumb. The middle class, after all, according to former Treasury Secretary Lawrence Summers, is taking it in the chops, as its gross income level hasn't appreciated at all despite an economy that has grown in aggregate the past seven years.
You'd think a household with gross income of $180,000 would not be complaining, but Stevens insists, "We are struggling along." Her husband, David, is a computer programmer, who is about to lose his job because his employer is going out of business.
Ms. Stevens' own earning power before Sept. 11 was $125,000 as a project manager, when that industry was cut back substantially. To make do, Ms. Stevens sells Mary Kay cosmetics out of her home, earning about $10,000 and gives horseback lessons to pay the expenses of the four horses her husband is raising, which cost $900 a month to feed and house. David Stevens hopes to raise and train horses for a living someday, a business that is widespread in the state of Texas.
Ms. Stevens believes the Bush economic stimulus package is ridiculous. She's no dummy and stays abreast of the nation's problems. "The government doesn't have the money to fund Social Security, Medicare, the Medicaid Drug Plan. And they want to take money that they are supposed to be using to manage the country's defense and infrastructure and send to citizens to spend at Wal-Mart (nyse: WMT - news - people )? Can you say stupid?"
She's also outraged that a Democratic president might raise taxes on couples making over $63,000 a year. Which seems mad if true, doesn't it? In most parts of the country, $31,500 a person (pre-tax) is all but poverty level.
Stevens concluded her message to Croesus by backing a general anxiety across the nation not supported by establishment economists. "I think the consumer--your neighbors and mine all around this country--are in for a bigger hit than economists see," she says. "I think [that] this recession is going to be deep and long (I am guessing 18 months) and that at the other end I'm not sure what we will find."
Croesus would like to hear what other families across America think about the rate of inflation and the cost of living. Post your comments below. Let the facts speak for themselves. Let a national dialogue begin.
Somewhat amusing watching the good folks
@ CNB$ see GE blow up from the Toxic mess they helped create.
Maria looks the deer in head-lights, just last week they were singing a diff tune about the bankers.
Are U trying tell me u won again. lol
Nice win dr_sean/
From about 7 months ago included Ag stocks
you were listed it at another site & we checked once in while.
Had many sectors repres....
Chichi2 looking for The special list
stocks we had, but without search mode.
Perhaps you can post it.....no rush, TY
CPST sm turbine mfg. still green
not quite as large GE also makes turbines..
Fed. 5day RP + 10.50B [net Drain -0.75B]
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Fed.(2) 7day RP + 17.00B [Drain -28.00B
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Fed. 14day RP + 5.00B
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Capstone Receives $2.03 Million Order from Samsung C&T Corporation
Thursday April 10, 5:00 am ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST - News), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it has received an order valued at $2.03 million from Samsung C&T Corporation, its distributor in South Korea. The order is for Capstone’s C65, C65 Combined Heat & Power (CHP) and Resource Recovery biogas MicroTurbine® systems.
http://biz.yahoo.com/bw/080410/20080410005247.html?.v=1
Ray wins again this game is fixed..
71.718 taking hard down sofar.
Louise Yamada: Dated 3/04/08
Fast Money Video
http://www.cnbc.com/id/15840232?video=671700945&play=1
Run time 4min, give it time to load see her projections:
SPX 1200 .. Looks like it may go out of the bottom side of "The Triangle" .. because of the Lower Highs and Rally Selling.
USD 62.00 ..
GOLD .. Looks like in the Bag 1050 then consolidation possible B4 Next Legs Up.
1150 Target
Longer term 1250 1500 2400
Oil 124
Fed. 1day RP + 11.25B [all add]
Mortgage-Backed
The Slosh Report:
http://www.gmtfo.com/RepoReader/OMOps.aspx
Fed. 1day RP + 11.25B [all add]
Mortgage-Backed
The Slosh Report:
http://www.gmtfo.com/RepoReader/OMOps.aspx
FWIW Dept. 37.75B Matures tomo &
QQQQ ~ FOMOOut ~ SOMA ~ SPX #msg-11379252 highest ever
W@G2 QQQQ 04/09/08 for a 04/12/08 close
47.12 bob3 same as wed.
46.70 frenchee
44.70 dr_sean
Futures (2) + World Indices
http://www.cme.com/dta/del/globex.html
http://money.cnn.com/data/premarket/
World Indices (2) Mini Charts
Updates every 60sec ~ Watch the dates!!
http://www.wwfn.com/commentary/oscharts.html
http://www.allstocks.com/markets/World_Charts/Asian_Stock_Markets/asian_stock_markets.html