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Slight pulse detected today.
NEWS FLASH! Mario Draghi sends early Christmas present to the throngs of investors who would like to short the Euro (EUO) but still wanted a more attractive entry point.
Stocks open higher as Draghi vows to support the euro zone
http://www.usatoday.com/money/markets/story/2012-07-26/stocks-thursday-7-26/56496678/1
Okay, that one day vacation was refreshing. Now, back to reality.
European shares, euro lower as earnings add to woes
http://in.reuters.com/article/2012/07/26/markets-global-idINDEE86P05Y20120726
NEWS FLASH! Euro Twit provides new entry opportunity for EUO!
Euro gains on comments from ECB official
Remarks by ECB’s Nowotny trigger modest short covering
http://www.marketwatch.com/story/dollar-drops-a-touch-from-2-year-highs-in-asia-2012-07-25
NOW, is the time.
http://endoftheamericandream.com/
Face palm time? http://en.wikipedia.org/wiki/Facepalm
Stock index futures signal lower open; TI eyed
http://www.chicagotribune.com/business/sns-rt-us-markets-stocksbre86m08n-20120723,0,5098047.story
Et tu, Deutschland?
Germany Under Cloud From Euro Zone Woes
http://www.nytimes.com/2012/07/25/business/global/daily-euro-zone-watch.html
Moody’s changes outlook for Germany, Netherlands, Luxembourg to negative
http://www.businessday.co.za/Articles/Content.aspx?id=176947
If the outlook for the Euro gets much darker, they will need to issue flashlights to major holders.
Euro Vulnerable as Poor PMI Data Darkens Outlook
http://www.cnbc.com/id/48294129
Well, duuuhhh! (as the kids say)
Spanish troubles send euro, shares lower
http://www.reuters.com/article/2012/07/23/us-markets-global-idUSBRE86F00620120723
Welcome aboard the depression express. Ticket holders will be eligible for valuable prizes when this train reaches its destination.
20 Signs That All Point To The Exact Same Thing - Can You Guess What That Is?
http://theeconomiccollapseblog.com/archives/20-signs-that-all-point-to-the-exact-same-thing-can-you-guess-what-that-is
"Reviving"? Media hacks crack me up! LOL
Spanish Borrowing Costs Surge, Reviving Worries About Euro Zone
http://www.nytimes.com/2012/07/20/business/global/daily-euro-zone-watch.html
What? Investors are skeptical? Are you kidding me!
Spanish fears send euro lower, earnings lift stocks
http://www.reuters.com/article/2012/07/19/us-markets-global-idUSBRE86F00620120719
Old Chinese saying, "Pigs get fat, hogs get slaughtered". Just sayin'.
Wal-Mart: Not At Everyday Low Prices
http://seekingalpha.com/article/722371-wal-mart-not-at-everyday-low-prices
Fortnight:contraction of M.E. fourteniht, from O.E. feowertyne niht, lit. "fourteen nights," preserving the ancient Germanic custom of reckoning by nights, mentioned by Tacitus in "Germania" xi. Related: Fortnightly.
http://www.ftense.com/2012/07/nouriel-roubini-perfect-storm-coming.html
Aurizon horizon?
Gold Miners are Cheap, Cheap, Cheap!
"Aurizon Mines (Symbol: AZK. Price $4.43), for instance, is a wonderful miner. It generates plenty of cash. It has nearly $200 million in cash in the bank and no debt. But where is the payoff for shareholders? There is no dividend, no share buyback. Despite record revenues and cash margins, AZK’s cash balance is actually 7% lower than a year ago — again, because they put it all back in the ground. The share price is down almost 10% year over year. And this has been one of the better-performing mining stocks!
It’s very frustrating…
Still, price-to-cash-flow multiples have fallen to generational lows. During the last two decades, the XAU Index of gold mining stocks traded, on average, for 14 times cash flow. Today, the XAU is selling for less than 7 times cash flow, which is very close to its all-time low. So with smaller miners that produce cash flow, you have the chance of a good bounce to something closer to historical norms. The best case is a buyout by one of those free-spending bigger gold companies."
http://feedproxy.google.com/~r/dailyreckoning/~3/QlZWfZyy2uU/#ixzz20VNQv2c7
Oracles of the obvious are popping up all over!
The credibility of the rescue package for Spain has been called into question even before the loans have been disbursed,” Nicholas Spiro, director of London-based Spiro Sovereign Strategy, told CNN Money. Spiro added that even with its full firepower, the ESM is “woefully inadequate.”
Europe: Spain Squeezed By Eurozone Bailout Deal (EWP, VGK, EUO, FXE, EWG)
http://etfdailynews.com/2012/07/12/europe-spain-squeezed-by-eurozone-bailout-deal-ewp-vgk-euo-fxe-ewg/
I think there may be something very shiny just under the surface here.
Will Silver Wheaton Shine Brighter in the Second Half?
http://www.dailyfinance.com/2012/07/12/will-silver-wheaton-shine-brighter-in-the-second-/
Abracadabra!.....Abracadabra!.....Abracadabra!!!.....Abra-frickin'-cadabra!!!!!!
Trading On Europe's Empty Bag Of Tricks
http://seekingalpha.com/article/714761-trading-on-europe-s-empty-bag-of-tricks
Thanks for the lesson! The word "naked" just sounds so salacious.LOL
Uh-Oh. Clear the deck! Incoming!
More US homes facing foreclosure risk in June
http://www.google.com/hostednews/ap/article/ALeqM5ijszkz_1WOQqk-dclsh2XRQrUDGA?docId=7b20de948b7946bdb5e59053f6489646
I'm not sure what "naked puts" are, but I know what I like.
Silver Wheaton: Get In At $20 Or Grab An Extra 13% In 7 Months
http://seekingalpha.com/article/712801-silver-wheaton-get-in-at-20-or-grab-an-extra-13-in-7-months
The Big Boys are bear-ly thinking.
Daily Small Cap Bear 3x Shares Experiences Big Inflow
http://www.etfchannel.com/article/201207/daily-small-cap-bear-3x-shares-experiences-big-inflow-tza-TZA07052012.htm/
Please note, there is no need to read between the lines. Just read the lines
(excerpt)
"In a concession to Spain that may hint at future leniency for Greece, the euro ministers gave Spanish Prime Minister Mariano Rajoy’s government an extra year, until 2014, to drive the budget deficit below the euro limit of 3 percent of gross domestic product.
Revised targets of 6.3 percent in 2012, 4.5 percent in 2013 and 2.8 percent in 2014 are “a challenging but achievable objective, but above all, it is a necessary objective,” EU Economic and Monetary Commissioner Olli Rehn said.
‘Flexible and Efficient’
Ireland responded by stepping up calls for what Finance Minister Michael Noonan called an “ambitious” renegotiation of the terms of its 67.5 billion-euro bailout. Juncker said tweaks to the program are conceivable by October.
Yesterday’s increase in Spanish and Italian borrowing costs relative to German levels nullified gains made in the wake of the June 29 euro summit commitment to intervene in bond markets “in a flexible and efficient manner"
http://www.businessweek.com/news/2012-07-09/eu-to-speed-spanish-bank-aid-aims-for-direct-recapitalization
Have those knucklehead Finns triggered the EURO DOOMSDAY MACHINE?
"threat of Jutta Urpilainen, Finland’s finance minister, to leave the euro rather than shoulder responsibility for other countries’ debts"
http://www.marketwatch.com/story/german-anti-euro-backlash-gathers-pace-2012-07-09?link=MW_story_popular
Enjoy this Willie Nelson standard as you contemplate the fate of the Euro.
"MOVIN' ON UP", ANYONE?
Please enjoy the following You Tube clip as you peruse the following pre-market news.
Irene good night, Irene good night
Good night Irene, Good night Irene
I'll see you in my dreams.........
The Road to Serfdom by F.A. Hayek
New recommendation, courtesy of the ECB
http://www.google.com/products/catalog?q=the+road+to+serfdom&hl=en&stick=H4sIAAAAAAAAAONgVuLUz9U3ME4zNTUGAFECqOwNAAAA&prmd=imvnsb&bav=on.2,or.r_gc.r_pw.r_cp.r_qf.,cf.osb&biw=1440&bih=775&um=1&ie=UTF-8&tbm=shop&cid=12271952444806626307&sa=X&ei=KYX1T8bnGY_-8ATDg_TyBg&ved=0CFIQxBUwAA
ECB Cuts Rate to Record Low
http://online.wsj.com/article/SB10001424052702304141204577508390779869810.html?mod=googlenews_wsj
Prepare for the coming QE's (quantitative easing - plural)
SLW Model Analysis
How To Make 50% Or More On The Next Silver Run-Up With Little Downside Risk
http://seekingalpha.com/article/700791-how-to-make-50-or-more-on-the-next-silver-run-up-with-little-downside-risk
Just give them all government jobs. Everything should be fine.
Unemployment in Euro Zone Hits Record High
http://www.nytimes.com/2012/07/03/business/global/daily-euro-zone-watch.html
Grab your silver and head for the hills boys! The Keynesian Tribe is a comin'! They've been drinking all night, and they have that insane look in their eyes again!
Euro surges, stocks jump after euro zone deal
http://in.reuters.com/article/2012/06/29/us-markets-global-idINBRE8520GN20120629
Supreme Court upholds Obama's healthcare law
http://in.reuters.com/article/2012/06/29/us-usa-healthcare-court-idINBRE85R06420120629
Hey, our neighbors over on EU-topia Street are grilling the same delicious holiday fare! I'm heading to the store to buy more AZK sauce!
Europe summit surprises with bold moves
http://www.google.com/hostednews/ap/article/ALeqM5j_AdgZN_AGzJEoB_70EWUTN3yd7w?docId=a7afb451d3804ac2a343c529ad50cd96
She loves me, she loves me not, she loves me, she loves me not, she loves me............
Official Notice: The EU has recently added an additional level to the Euro house of cards. You are advised to stand at least 200 feet from the base of this structure in order to avoid severe injury in the event of a collapse.(This notice purportedly provided by the collected works of Friedrich A Hayek and the Ludwig Von Mises Institute)
Euro Zone Sees Single Bank Supervisor
http://online.wsj.com/article/SB10001424052702304830704577494693764255190.html
Am I smelling some "too big to fail" on the grill?
JPMorgan Slips On Report Trading Loss Widened To $9 Billion
http://www.bloomberg.com/news/2012-06-28/jpmorgan-slips-on-report-of-trading-loss-widening-to-9-billion.html
Well, that sucks. One sell - 1000 shares -0.1048 (-56.65%)
Heavy stuff. +2.79 (6.65%)
FDA approves Arena's weight-loss drug Belviq
http://www.sfgate.com/health/article/FDA-approves-Arena-s-weight-loss-drug-Belviq-3668682.php
Hey EU! Our phony baloney, elitist twit, leaders need some major juice here! You had better listen up or we're going to make life a living hell for you guys! Just sayin'.
Sincerely,
Spain
Spain sends alarm signal to EU ahead of summit
http://www.reuters.com/article/2012/06/27/us-spain-economy-idUSBRE85Q0AU20120627
The Monday Morning Quarterback Club will now come to order! We will dispense with reading the minutes from the last meeting and forthwith jump directly onto the WMT bandwagon, which we formerly hated with a passion.
Walmart beats Amazon on price, study finds
http://www.bizjournals.com/louisville/blog/morning_call/2012/06/walmart-beats-amazon-on-price-study.html
And now for something completely different. (NOT)
European officials release grand vision for euro
http://www.google.com/hostednews/ap/article/ALeqM5jcprBB90-oMOhcuSyRl-ygVhOMeg?docId=5df8159c74a54cf79de3d9f120816134