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European tech and telecom stocks carrying heavy debt loads are jumping today on optimism...

  • Friday, September 7, 2012, 2:37 PM ET
    European tech and telecom stocks carrying heavy debt loads are jumping today on optimism regarding the ECB's latest efforts to prop up Europe's bond markets. NOK +6.1%. ALU +4.5%. TI +7.8%. TEF +3.6%. Many Asian tech names are also posting solid gains, after the continent's stock markets rallied overnight in the wake of a new Chinese stimulus plan. YOKU +4.8%. SPRD +4.7%. SNE +3.6%.
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This news story has 3 comments:

  •  
    That's nice news for bottom-feeders, but it doesn't change anything longer-term. ALU is still in big trouble and need to reduce their debt substantially. It's costly to fund layoffs, but it's either that or close down the entire corporation. ALU has between 75k and 80k employees and need to lay off a lot more than 5k of them...and they need to do it NOW!
    7 Sep 2012, 03:06 PM Reply Like
  •  
    EU and US print more fiat money to inflate assets while paying 0% on savings and 2% on national debt. Here we go again.
    7 Sep 2012, 06:41 PM Reply Like
  •  
    am a retired pharmacist from new jersey and also licenced in Fla I play the market but like i used to cause i mostly lose Your articles make no logical sense as the info is one mans opinion
    10 Sep 2012, 03:34 AM Reply Like
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