US & Europe financial bondage

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Sector Summary 10630

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  Current DateTime: 01:02:02 30 Jun 2010
  LinksList Documentid: 24432486

  
  Current DateTime: 06:39:05 30 Jun 2010
  LinksList Documentid: 19746125
  Expiration DateTime: 6/30/2010 6:40:05 AM

  • S&P Warns Rival Moody's: We May Actually Downgrade You

    Irony abounds in a research note from S&P—a ratings agency warning about a fellow ratings agency's exposure to a proposed law targeted in part at ratings agencies. Democrats Make Reform Push

  • Could Another Major Oil Spill Happen in Gulf? Maybe
    • Storm Sidelines Cleanup Efforts
    • Senate Ends Liability Cap
  • Loss of Jobless Benefits May Cut Unemployment Rate
    • Outlook Darkens: Morici
    • Jobs Barely Higher: ADP
  • Fixing Housing: Time to Scrap 30-Year Mortgage?
  • Why Canada's Housing Market Didn't Crash
  • Foreclosures Make Up a Third of All Home Sales
  • Home Refinancing Up, Buying Demand Sinks

  • Vallejo, California—In the Business of Being Broke

  • Focus on Stimulus, Not Austerity: Stiglitz
  • NY Suspect Dubbed Femme Fatale of Russian Spy Case
  • Jobs Market Barely Budges in June as Hiring Stays Weak

    US private employers added a paltry 13,000 jobs in June, compared to a revised gain of 57,000 in May, a report by a payrolls processor showed on Thursday. Wall St. Hiring Picks Up

  • Fixing Housing: Time to Scrap 30-Year Mortgage?
  • US Showed Forgiveness for Big Banks in AIG Bailout
  • Home Refinancing Up, Buying Demand Sinks
  • Hurricane Alex Deals New Blow to US Oil Spill Efforts
  • Boeing to Pay About $775 Million for Argon
  • Euro Banks Borrow Less than Expected from ECB
  • BP Deserves Credit for Starting Fund: Feinberg
  • NY Suspect Dubbed Femme Fatale of Russian Spy Case
  • Fund Managers’ Profits Are Ripe for a New Tax
    • Politics
    • Business
  • EU Bank Stress Tests To Be Widened
  • Democrats Make Final Push on Financial Reform

H & S correction ~ Sell, Sell, Sell ~

$COMPX 2135.18 -85.47 -3.85% 2,776,744
$INDU 9870.30 -268.22 -2.65% 1,679,162
$INX 1041.24 -33.33 -3.10%

• • Wednesday: Rough Quarter on Wall Street Comes to An End

    Call it window 'undressing.' Stocks took a beating in the second quarter, and the final days are bringing out the worst. Don't be Fooled by Market Gloom Selloff Aside, S&P Actually Bullish?

  • Bank Tax to Be Killed for Passage of Financial Overhaul
  • US Crisis Panel to Examine Goldman, AIG Ties
  • BofA Reclaims Top Spot in Capital Strength: Study
  • Verizon Stock Briefly Spikes on Report of iPhone Offer
  • US House Backs Homebuyer Tax Credit Extension
  • Citigroup Trading Halt Triggered by New Circuit-Breaker
  • Kudlow: 'Double-Dip' Trade Is Probably Overdone

  • World's Most Expensive Places to Live 2010

  • Faulty Computer Suit Is Window to Dell’s Decline
  • Can US Stocks Regain Mojo After a Disappointing First Half?

    US stocks plunged in the second quarter, wiping out all the market's gains for this year. Even so, US stocks have still been a better investment than foreign stocks. Stock Values Are 'Better Now,' Big Rally On the Way: Cohen

  • Consumer Confidence Drops In June On Jobs Worries
  • Economic Worries Keep Bond Yields Low: Economists
  • Home Prices Rose Sharply in Final Days of Tax Credit

  • World's Most Expensive Places to Live 2010

  • Is Home Ownership an American Right?
  • Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion

  
  

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• • Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion

    For American taxpayers, now on the hook for some $145 billion in housing losses connected to Fannie Mae and Freddie Mac loans, that amount could be just the tip of the iceberg.

  • European Banks Make Me Nervous: Naill Ferguson
  • Europe Double-Dip May Bring Correction: Roubini
  • Spanish Banks Rage at End of ECB Offer
  • Wall Street Bill Seen as 'Too Big to Fail,' Delay Looms
  • Google to End Automatic Rerouting from China Site
  • Faulty Computer Suit is Window to Dell’s Decline
  • Taiwan and China Sign Landmark Trade Deal
  • Russia Awaits US Explanation on Spy Case
  • China Labor Unrest to Speed Up Automation Trend
  • Wall Street Hiring Picks Up As Rest of the Nation Lags
    • Life After Wall Street
    • Top Entry-Level Employers
  • Oil at $100 If Dollar Doesn't Jump: BofA
  • Your First Trade for Tuesday
  • Dow 30: Extra-Hour Quotes
  • G8 Communiqué Is 'Drivel': Economist
  • Shanghai Leads Asia Down

• Europe took it on the chin as well, with major markets down 2% or more.
  
  Britain's FTSE 100 -2.0%
  France's CAC 40 -2.5%
  Germany's DAX -2.4%
  
  Moreover, the euro is plummeting back towards its lows, with EUR/USD down to $1.2187 as shown in the Finviz graphic below. In contrast, the dollar index (DXY) is up half a percent to 86.10, though still below the recent peak above 88.
  
  
  
  Spanish ten-year bond yields are rising, but remain below their recent peak. Yet Greek 10-year bond yields appear to be charging higher again and are now at 10.66% as shown by Bloomberg below.
  
  
  
  U.S. futures aren't liking any of this, already pointing to more than 1% declines for major indices.
  
  

The Fed Reserve vs Sheeples

GO OBAMA ~~ Sell away, Sell away ~ H&S

Americans did after all made a right choice to choose
Obama to do something right, hope that he does!



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NO HOPE ~~ de ja vu James Madison's word? ~~

666

Byrd's Death Adds 'New Dynamic' for Financial Reform: Bair
http://www.cnbc.com/id/37972901


Our economy is driven by debt bubble waiting for Americans to spend. The old economic cyclical pattern is not working as usual because Americans are now aware of the WS schemes. In that regard, the long term K-cycle is indeed working out fine economically, however, financial markets are pumped up unreasonably using media propaganda while literally robbing Treasury. What is solution for Americans? Deal with the mess as soon as possible. Higher tax and lower financial markets until everyone cries out, then, all will deal with reality. With hedge fund tax and other tax, it would help as well as other spending cuts - especially the war cost -- and deal with wars using cost-less strategies.

• • • WTH ~ Sell ~ Stock Values Are 'Better Now,' Big Rally On the Way: Cohen
      
      Cohen = misery
      
      666 has spoken ~ the nightmaress from living hell
      
      
      
      The wobbly stock market in 2010 has resulted in attractive valuations that should see a rally of more than 16 percent between now and the end of the year, Goldman Sachs analyst Abby Joseph Cohen told CNBC.
      http://www.cnbc.com/id/37982373
    • Supreme Court Strikes Down Key Part of Sarbanes-Oxley

      The Supreme Court struck down Monday part of the 2002 law that created a national board to police auditors of public companies, ruling that it violated the constitutional requirement on the separation of powers among the branches of government.

    • Byrd's Death Adds 'New Dynamic' for Reform Bill: Bair

      Sen. Robert Byrd's death Monday morning could affect the passage of the financial reform bill, said Sheila Bair, the chairman of the Federal Deposit Insurance Corporation. West Virginia Sen. Robert Byrd Dead at 92

    • BP Defends CEO Hayward; Storm Alex Looms
    • Busch: G20 Ignores Obama
    • US State Budget Crises Threaten Social Fabric
    • Prepare for Cliff-Edge, 'Monster' Money Printing: RBS
    • Apple Says iPhone 4 Sold 1.7 Million Units by Saturday
    • BP Loses Trading-Floor Swagger in Energy Markets
    • Income Outpaces Spending as Consumers Stay Cautious
    • Glaxo Diabetes Drug Shows Heart Risk in Two Studies
    • Central Banks Warn of New Crisis If Exit Left too Late
    • Financial Reform Lobbying Turns Focus Toward Details
  • Obama Says He's Serious About Tackling Deficits

    President Barack Obama said following through on a pledge to rein in soaring budget deficits would involve presenting Americans with "some very difficult choices" next year. G20 Delays New Bank Rules to Safeguard Recovery

  • BP Defends CEO Hayward; Storm Alex Looms
  • West Virginia Sen. Robert Byrd Dead at 92
  • BP Loses Trading-Floor Swagger in Energy Markets
  • Prepare for Cliff-Edge, 'Monster' Money Printing: RBS
  • Greece Is Set to Return to Financial Markets in July
  • Financial Reform Lobbying Turns Focus Toward Details
  • Jobs Report Sets Tone for Start of Second Half

  • Will the US See a Double Dip?

  • Air China to Buy 20 Boeing Planes for $1.4 Billion
  • Israel's MA to Buy Albaugh for $1 Billion
  • Gov't Plans to Double Available Wireless Spectrum

  • G8 Communiqué Is 20 Pages of Drivel: Economist

  • Darwin-Style Survivor Stocks Will Beat Double-Dip
  • Financial Reform Bill 'Toothless': Analyst
  • Toll Brothers Chart Points to Double Dip: Strategist
  • The Financial Crisis Is Not Over: Consultant
  • Android Phones Burying BlackBerry—not iPhone: Analyst
  • 12 Fine Selections for Whiskey Lovers - In Pictures