In Goldman Sachs, a buyer of 8k December 110 calls for .30 In Citibank, a buyer of 50k December 29 calls for .23 In JP Morgan Chase, a buyer of 75k December 35 calls for …
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MorningWord: 11/23/11: This is going to be short and sweet this morning as I hope to get in Holiday mode very soon, but first we have to deal with some of the news overseas that caused …
Continue readingMorningWord: 11/22/11: Last night the Congressional Super”Less” Committee announced what we all suspected when it was formed this past summer following the budget impasse: Failure. And don’t go and worry your little self just yet, …
Continue readingMorningWord: 11/21/11: Friday’s sideways action at the low end of the recent trading range capping a 5 day period that saw losses in the SPX a shade below 4% was in hindsight a precursor to continued weakness. As I …
Continue readingMorningWord: 11/18/11: Thursday’s afternoon action in the S&P felt a little panicky for the first time all week. There weren’t too many places to hide as financials, tech and energy all under-performed the broader market, while gold and crude got …
Continue readingWaPo It’s not just Italy anymore. Spain’s borrowing costs are rising. French bond yields keep ticking ominously upward. The market conflagration is threatening to spread to all of Europe. Yet European leaders — especially German …
Continue readingWSJ LONDON—European banks, increasingly concerned about their ability to access funding, are devising complex and potentially risky new deals that enable them to continue borrowing from the European Central Bank. The banks’ moves, which include …
Continue readingThis Guy Just Won’t Go Out Quietly Just when you thought this little European debt crisis was behind us (I wish someone invented a sarcasm font), Trichet, who ends his 8 year reign as the head of …
Continue readingWSJ- Tomorrow’s Tape: Rate Expectations Economics: 7:45 a.m. ET: ECB rate announcement. Will Jean-Claude Trichet’s last splash include a rate cut? It might not, but it should. 8:00 a.m.: The Bank of England rate announcement …
Continue readingWSJ The Yield on the benchmark 10-year bund fell to a record low Monday, while Italian yields rose on fears the government’s commitment to austerity and reform is weakening, and investors questioned the European Central …
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