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Thursday, November 26 2009  |  01:50 EDT  | 
DJIA (DIA) S&P 500 (SPY)
Market Currents Today - Thursday, November 26, 2009
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  • 01:42 PM GE (GE) "strongly disagrees with the premise" it is selling off assets in a desparate attempt to raise cash. But looking at recent deals, and GE's effort to dump NBC Universal's $2B in debt by selling it into a JV at way below market value, Daniel Fisher can't help but wonder: What then? Comment!
  • 12:58 PM From Washington Examiner's, Nate Beeler, two Thanksgiving Day 'toons: Who's the Turkey Now? and Giving Thanks to a Higher Power. Comment!
  • 12:19 PM Banks with greatest exposure to the UAE: HSBC (HBC), $17B. Standard Chartered, $7.8B. Barclays (BCS), $3.6B. Royal Bank of Scotland (RBS), $2.2B. Citigroup (C), $1.9B. BNP Paribas, $1.7B. Lloyds (LYG), $1.6B. Comment!
  • 11:54 AM Treasury futures and the dollar are higher on the flight-to-safety trade. Dec. 30-year bond +0.77% to 123-04. 10-year +0.52%. 5-year +0.34%. 2-year +0.1%. Euro -0.8% vs. dollar. Yen +0.9%. Pound -1.35%. Loonie -1.5%. Jan. crude -2.3% to $76.20. Dec. gold -0.1% to $1,185.80. Comment!
  • 11:53 AM U.S. stock futures, which stopped trading at 11:30 a.m. and will resume at 6:00 p.m. (schedule (.pdf)), reflect the overseas carnage. Dow -1.7% to 10261. S&P -2.2% to 1085. Nasdaq -2.5%. 3 Comments
  • 11:25 AM Asia shares also took a beating Thursday. Nikkei -0.6% to 9383. Hang Seng -1.8% to 22210. Shanghai -3.6% to 3171. BSE -2% to 16855. Comment!
  • 11:23 AM Europe stocks are sharply lower amid growing fears over banks' exposure to Dubai World, the state-owned conglomerate which yesterday asked for a standstill on its $60B debt pile. The emergence of Dubai's financial problems chimes with warnings earlier this week from IMF head Dominique Strauss-Kahn that banks have only worked through half their toxic assets. FTSE -3.1% to 5196. CAC -3.4% to 3678. DAX -3% to 5628. 3 Comments
  • 04:22 AM Obama will rise and fall with the dollar: The electorate is only as happy as the value of the greenbacks in their pockets. 17 Comments
  • 12:00 AM Thursday's calendar:
    U.S. markets closed - Happy Thanksgiving! Comment!
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  • James B.: I still like GLD, SLW, and SLV here. (as long as the dollar remains weak gold & silver should do great)
    31 minutes ago
  • mikeziem: I think when Wall St opens tomorrow it is going to be a blood bath.
    32 minutes ago
  • Archman Investor: Dear asset gathers/pumpers: Dubai is just the beginning. The severe recession/ depression we all should have had is going to happen anyway.
    about 2 hours ago
  • SaraGeorgexzgj: Advice to CSCO - ONE ASTONISHING SECRET TRADING TRICK EARNS 100%+ IN 7 DAYS OR LESS Don't Miss Out On This... http://ggg.6.je
    about 4 hours ago
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