MorningWord: 11/9/11: I spent most of yesterday afternoon’s 1.5% rally in the SPX scratching my head asking anyone who would listen why a new PM in Italy and Greece, with both nations scrambling to form …
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NYT ROME — The European debt crisis appeared to claim its most prominent victim on Tuesday when Prime Minister Silvio Berlusconi of Italy, cornered by world markets and humiliated by a parliamentary setback, pledged to …
Continue readingBBC Italy’s PM Silvio Berlusconi is set to face a crucial vote on the budget, amid fears that Italy could be the next victim of the Eurozone debt crisis. Borrowing costs for Italy’s government have …
Continue readingThere has been a ton of rumor an innuendo out there about Jeffries and their exposure to Greece and other Sovereigns in Europe since the demise of MF Global earlier this week. The stock is …
Continue readingHere’s a preview of what I’ll be talking about on tonight’s Options Action: CSCO reports their fiscal Q1 earnings Nov 9th after the close. The options market is implying about a 6% move following earnings …
Continue readingReuters Stocks rallied for a second day on Thursday as Greece backed away from a proposed referendum that threatened its membership in the euro, which could destabilize global markets. News out of Europe has kept …
Continue readingHere’s a roundup of all the latest moving parts having to do with Greece and the Eurozone bailout Reuters French President Nicolas Sarkozy and German Chancellor Angela Merkel will hold an emergency meeting with Greece …
Continue readingWSJ Well, that wasn’t pretty. Stocks slid right off the opening bell, and then proceeded to continue its descent right into the closing bell, bringing a fine October rally to an ugly end. In the …
Continue readingLast week was just one of those weeks where you had to join the herd, cover your eyes and put blind faith in generally in-effectual European Policy makers to make money from the long side. …
Continue readingPragmatic Capitalism Let’s not sugarcoat tonight’s “resolution” – this is merely a temporary measure that will buy them more time to resolve the true cause of the currency crisis. Let’s take a brief look at …
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