Replies to post #317149 on $Stock*Shop*Charts*News*Option$

[Tuff-Stuff]

Sen. Shelby says financial reform legislation must include an overhaul of Fannie (FNM) and Freddie (FRE). "For decades, these multi-trillion dollar institutions leveraged the implicit backing of the American taxpayer to encourage mortgage lending to people who could not afford to repay the loans... [until] these ticking time bombs exploded, saddling taxpayers with hundreds of billions of dollars of debt."

[EZ2]

Within past couple of weeks, we have been inundated with SPAM email msgs. ---- from Russia !

The fidiots are not smart enough to disguise the "symbol" keys within msg. header though --- so, EZ to tag.


I forward all to spam.gov :-)

[Tuff-Stuff]

BL<Israeli Stocks Slump, Bonds Gain on Concern Europe Debt Crisis May Spread
By David Wainer and Ronit Goodman - May 09, 2010



Israeli stocks slid the most in more than three months on concern Greece’s debt crisis is spreading and as a U.S. jury ruled against a unit of Teva Pharmaceutical Industries Ltd.

Israel’s benchmark TA-25 index declined the most since Feb. 8, dropping 2 percent to 1,118.41 as of 12:49 p.m. in Tel Aviv. Teva, the world’s largest generic drugmaker slumped the most in almost 18 months. Government bonds rose, with the yield on the benchmark Mimshal Shiklit note due February 2019 falling to a two-week low of 4.79 percent as the price increased 0.09 shekel to 109.72.

Stock losses “were expected following the collapse in the global markets,” said Yaron Fridman, equity strategist at Bank Hapoalim Ltd. in Tel Aviv. “There is no reason for long-term declines as they stem from the global retreats and not from real economic reasons, as the Israeli economy is strong and companies’ performances should continue to be strong.”

U.S. stocks fell the most in 14 months on May 7 with the Standard & Poor’s 500 Index erasing 2010 gains amid concern a 110 billion-euro ($140 billion) rescue package for Greece won’t be enough to keep Europe’s most indebted nations from defaulting. Moody’s Investors Service said May 6 that banks in Portugal, Spain, Italy, Ireland and the U.K. could be at risk as the threat of contagion grows.

Europe’s troubles shouldn’t affect Israel because of its “restrained” economic policies, Finance Minister Yuval Steinitz told Israel’s Army Radio today.

Propofol Ruling

Teva declined as much as 4.5 percent, the most since November 2008 to 217.30 shekels. A jury said Teva Parenteral Medicines must pay $356 million over its propofol medicine, which is used to sedate surgery patients. The shares last traded down 3.6 percent at 219.30 shekels.

The Tel-Bond 60 index, a gauge of the 60 largest corporate bonds, declined 0.7 percent, the most since January. The shekel gained 0.2 percent to 2.7975 per dollar on May 7.