Seeking Alpha

Garfield23

Garfield23
Send Message
View as an RSS Feed
View Garfield23's Comments BY TICKER:
Latest  |  Highest rated
  • Official projections show the establishment (pro-bailout) parties - New Democracy and Pasok - with enough seats to form a government in Greece. New Democracy is projected at 30.1%, Syriza at 26.5%, Pasok at 12.6%. Pasok indicates it will provide the votes to create a majority but will not take part in the government, reports Dow Jones. The euro is buying $1.2705 vs a Friday close of $1.2638.  [View news story]
    euro got a pop on the news and now is trading down...
    Jun 17, 2012. 06:22 PM | Likes Like |Link to Comment
  • Greeks are voting for the second time in six weeks in elections that could lead to the country leaving the euro and the bloc breaking up. As far as the EU elites and investors are concerned, New Democracy and Pasok good, Syriza bad, with the outcome to close to call. A wildfire raging near Athens seems to provide an unfortunate but apposite backdrop, but at least the Greek soccer team progressed to next round of the European Championships.  [View news story]
    Euro to fall off a cliff tomorrow as Greek elections produce no majority winner and they have billions due at the end of the month!
    Jun 17, 2012. 12:32 PM | Likes Like |Link to Comment
  • U.K. bank shares are partying following the joint BoE/Treasury plan to fill them full of cheap funding (which they're supposed to funnel into the real economy). The ADRs premarket: RBS +5.9%, Lloyds LYG +4.4%, Barclays +4.1%, HSBC (HBC) +1.3% (HSBC is less pure domestic retail bank than the others). The FTSE 100, though, lags the rest of Europe, up just 0.5%.  [View news story]
    Why investors should support Syriza? So they get a better deal like the Spanish or finally leave the euro and we can get on with our lives….
    Jun 15, 2012. 02:11 PM | Likes Like |Link to Comment
  • Is It Time To Take A Chance On Europe? [View article]
    why risk it...go to cash until Monday comes, then see how it all shakes out....
    Jun 12, 2012. 09:19 AM | 1 Like Like |Link to Comment
  • Yields on 10-year Spanish and Italian bonds continue yesterday's climb, which came after the euphoria over Spain's bank bailout had dissipated. Spain +15 bps to 6.65% and Italy +10 bps to 6.13%, although Monument Securities' Marc Ostwald argues that the two countries aren't comparable. "Italy is in fact rather like Japan rather than...Spain, Ireland, Portugal, let alone Greece."  [View news story]
    sell everythig and take off the rest of the week, - protect principal and why take the risk when the Greek elections are coming up...
    Jun 12, 2012. 09:17 AM | Likes Like |Link to Comment
  • Banco Santander (STD) and BBVA are downgraded to BBB+ from A by Fitch, a technical move necessary from Spain's sovereign downgrade last week. Both maintain ratings slightly higher than the Kingdom, thanks to their "geographical diversification, strong financial performance, and a proven capacity to absorb credit shocks."  [View news story]
    sell europe, sell copper, sell china, - go cash for next two weeks
    Jun 11, 2012. 11:32 AM | Likes Like |Link to Comment
  • More Ominous Signs From China [View article]
    sell china, sell copper, sell metals...
    Jun 11, 2012. 11:31 AM | 1 Like Like |Link to Comment
  • Stocks turn lower after the bailout-induced pop at the open. S&P 500 -0.2%, Nasdaq -0.3%. Europe hits session lows, the Stoxx 50 +0.6% with next-in-line Italy -1.3%.  [View news story]
    we [U.S.] are realists, get ready for massive selloff!
    Jun 11, 2012. 11:24 AM | Likes Like |Link to Comment
  • China May exports +15.3% Y/Y vs. +4.9% in April and consensus of +6.9%. Imports +12.7% vs. +0.3% and +3%. Trade surplus $18.7B vs. $18.4B and $17.8B. Sales to the EU rise for the first time in three months. However, economists remain cautious. "It is doubtful that growth in exports and imports can keep up such a fast pace," says one.  [View news story]
    wingfoot, c comment to wmbeam...
    Jun 10, 2012. 06:26 PM | Likes Like |Link to Comment
  • China May exports +15.3% Y/Y vs. +4.9% in April and consensus of +6.9%. Imports +12.7% vs. +0.3% and +3%. Trade surplus $18.7B vs. $18.4B and $17.8B. Sales to the EU rise for the first time in three months. However, economists remain cautious. "It is doubtful that growth in exports and imports can keep up such a fast pace," says one.  [View news story]
    don't be too optomistic, remember the export numbers are based on a yuan that has been allowed to float and has risen against the dollar lately causing their export valuations to also go up...

    pay attention to the industrial numbers which went down, and the record copper stockpiles that are taking place with the LME...
    Jun 10, 2012. 06:25 PM | Likes Like |Link to Comment
  • It was an ugly session in Asia following the PBOC rate cut as the headlines switched from "Stocks rise on PBOC" to "Stocks decline on PBOC," with the idea now of Beijing in a bit of a panic over the Chinese economy. One excellent indicator: The aussie, shooting higher on the heels of yesterday's announcement, only to reverse and trade down to $0.9840 currently.  [View news story]
    yes. anyone who is going into the weekend long copper or FCX is setting themselves up for it in a painful way...

    the contacts in China are bracing for terrible news in China and they buy nearly 50% of all copper...
    Jun 8, 2012. 03:04 PM | Likes Like |Link to Comment
  • It was an ugly session in Asia following the PBOC rate cut as the headlines switched from "Stocks rise on PBOC" to "Stocks decline on PBOC," with the idea now of Beijing in a bit of a panic over the Chinese economy. One excellent indicator: The aussie, shooting higher on the heels of yesterday's announcement, only to reverse and trade down to $0.9840 currently.  [View news story]
    China, copper, and FCX are a falling knife.

    Reality comes into play and you cannot grow indefintely, especially with Europe going into recession and China such an export related country, we are shorting FCX over the weekend.
    Jun 8, 2012. 12:08 PM | Likes Like |Link to Comment
  • Avoid Copper; Buy These 4 Gold Stocks Instead [View article]
    get ready for FCX to drop huge when horrible China news comes out over the weekend.
    Jun 8, 2012. 11:52 AM | Likes Like |Link to Comment
  • Enbridge Energy Partnership (EEP): Q1 EPS of $0.28 misses by $0.09. Revenue of $1.82B (-17% Y/Y) in-line. Shares -1.3% AH. (PR)  [View news story]
    I'm selling EEP because Natural Gas is falling now and next week...
    Jun 7, 2012. 12:37 PM | Likes Like |Link to Comment
  • AmeriGas Partners (APU +1.1%), the largest retail propane maker in the U.S., boosts its quarterly distribution 4.9%, to $0.80 per limited partnership unit, joining a growing list of companies that have increased payouts to shareholders in recent months.  [View news story]
    I'm selling APU because Natural Gas is falling now and next week...
    Jun 7, 2012. 12:31 PM | Likes Like |Link to Comment
COMMENTS STATS
162 Comments
79 Likes