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ChapterXI
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  • 4/15/10 -A pullback will arrive? 0 comments
    Apr 18, 2010 12:11 AM | about stocks: LEHMQ, GS, BCS

    Stocks dimed in early trade as Jobless claims rise unexpectly.US homes facing foreclosure jumped 16% in 1st quarter, the biggest one in five years. Industrial Production increased less than expected.

    Newly released docs showed Lehman collateral auction caused 1.2B in losees and Lehman may sue GS and BCS. Also sue Uncle Sam due to overpaid tax and penalties in 1999-2000

    US Markets Event  Abstracts Impacts
    Bernanke Sees moderate recovery   No direct reference to the benchmark interest rates
    Beige book Shows economic uptick   Increases in retail and auto sales. Increased activity in housing markets. Mixed activity in banking and Finance sector 
    Lawmakers struggle with financial reform Protect big banks and hurt small banks


    *VIX 15.89 Up 1.92%
    * Put/Call Ratio 0.72 Up 28.57%
    *NYSE A-D Line Down 93,  -105.55%
    *US Dollar Index 80.48 Up 0.36%
    10Y T-Bill Yield 38.48 Down 0.18&
    30Y T-Bill Yield 47.28 Up 0.13%
    *Leading Sectors&Industries Industrial, Tech; Disk Drive, Airline, Transport
    *Lagging Sectors&Industries Financial, Health Care; Banks,Gold
    *Leading Commodities Energy, Metals
    *Lagging Commodities Livestock
     


    Disclosure: NO Positions
     
     
    Stocks: LEHMQ, GS, BCS
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