MorningWord: 12/21/11: Let the window-dressing begin, yesterday’s equity market surge of 3% in the SPX and almost 3.20% in the Nasdaq was a bit head-scratching as the main catalysts were better than expected Business Confidence in Germany …
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NKE reports their fiscal Q2 tonight after the close, the options market is implying about a 5% move following earnings vs a 4 qtr avg move of about 7.5%. -The stock is up 10.5% ytd …
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ORCL report their fiscal Q2 earnings tonight after the close. The options market is currently implying about a 3.5% move vs the 4 qtr average move of about the same. -The street is overwhelmingly positive …
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MorningWord: 12/20/11: Equity markets are reversing yesterday’s afternoon weakness on the heals of lack of negative news out of Europe and better than expected economic data in the U.S. This is becoming a trend, and …
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WSJ Housing starts surged 9.3% in November to a 685,000-unit annualized pace, the Commerce Department said, way above the 630,000 or so economists expected. It’s also the highest pace of starts since April 2010. Stock …
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FT The European Central Bank has warned that the eurozone debt crisis could spread to engulf further member states, creating risks to financial stability that could reverberate around the world “Contagion of euro area sovereign …
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MorningWord: 12/19/11: Not a ton to add this morning, as Asia was weak on the news of the death of Kim Jong Il (let’s all take a moment,) I guess the simplest explanation for the weakness is the new …
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WSJ All’s fairly quiet across Europe this morning, but European bond yields are still mostly drifting higher. Italy’s 10-year debt recently yielded 6.785%, compared with 1.892% for relatively safe German bunds. Interestingly, though, German bund …
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WSJ $261.98 billion: How much more companies took in than they spent in the third quarter. Companies continue to sit on lots of cash, frustrating those hoping to see it deployed to spark jobs growth. …
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OK, bear with me here as this is a bit of a long one, I am on a 4 hour flight and have a little time so I thought I would go into some detail …
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