Stocks slip further into the red after minutes from the FOMC's Jan. 24-25 meeting show only a few members favored another round of QE. Others indicated QE3 "could" become necessary if the economy lost momentum or if inflation seemed likely to remain below the 2% target for a long time. Dow -0.7%, S&P -0.4%, Nasdaq -0.2%. [View news story]
... Highly manipulated, indexes should of never seen red today !!
With increasing talk that a gallon of gasoline could cost $5 for the first time this summer, at least two commodity pundits say it's more likely that prices will remain closer to $4. “To get to $5-a-gallon gasoline, you’d need a geopolitical event, like a war with Iran,” one says. With so much speculative money betting on higher prices, buyers may lose patience and bail out, easing prices, another says. [View news story]
There sure pushing the BS lately, you see 5.00 buck gas here, you'll see Greece riots in America....
A meeting of eurozone finmins at which they were expected to approve the €130B Greek bailout has been cancelled, with Eurogroup chief Juncker citing the need to continue "technical work." After years of can-kicking, markets expect more of the same, but it certainly must be clear to even the hackiest eurocrat that Greece isn't coming out on the other side of this. Do they really want to shovel another €130B into Athens? [View news story]
.... AAAAAH HAHAHAHA, some surprise, what a joke !!
MGM (MGM -0.7%) edges lower after announcing its CityCenter Holdings JV will be offering $240M in notes through a privately placement, which CityCenter will use to help pay down $300M in borrowings from a credit facility. Together with the bond offering, MGM is preannouncing CityCenter posted Q4 revenue of $269M, and an operating loss of $45M. [View news story]
Greeks have purchased more than €1B of U.K. real estate over the last 2 years, according to a list the Finance Ministry has received from British authorities. The list has the names of 300 individuals and companies, presumably all of whom will now be under investigation to make sure the money came from legitimate sources. [View news story]
LOL, just to funny, just the Greeks, how about Italy, Spain, Portugal, hell all of any gov't around the world, how about checking Swiss bank accts, off shore tax havens, say, like the British Virgin Islands, shit, any Caribbean country, amazing too isn't it, not one of those countries crying for bailout........
On the hour: Dow -1%. 10-yr +0.42%. Euro -0.87% vs. dollar. Crude -0.99% to $98.85. Gold -1.3% to $1718.55. [View news story]
Obviously we need some greek hostility over here today, a little more than a over reaction to today's continous never ending Greece saga, same old same old............. boring shit!
"Whoever opposes the bailout doesn't belong in government," says Greek PM Papademos, reading a statement ahead of an emergency cabinet meeting. He warns default will cause social and economic chaos. Proving his sense of humor, he says the austerity program assumes a primary budget surplus of 4.5% this year, and economic growth returning in 2013. [View news story]
Ya Ya and the ppl in gov't right now have done such an out standing job...... what a stoopid comment from this idiot !!!
On the hour: Dow -0.84%. 10-yr +0.37%. Euro -0.71% vs. dollar. Crude -1.39% to $98.45. Gold -0.98% to $1724.05. [View news story]
Looks like we could use some of Greece's civil unrest over here on W/S today..... down because of ????....... ya ya, nice try, this is no great revelation, surprise, just a piss poor excuse to keep the markets down...... obviously the ECB, IMF haven't heeded George Soro's latest articles about blood in the streets....... Power to the people of Greece and around this manipulated world.......
Greece's largest police union accuses EU and IMF officials of "blackmail, covertly abolishing or eroding democracy and national sovereignty," and threatens their arrest, specifically mentioning the IMF's Poul Thomsen and the ECB's Klaus Masuch. "You cannot make us fight against our brothers." [View news story]
Power to the Greeks, damn rights!!, smallest country in the EU with the biggest balls, may the rest of police unions around the world start doing the same..... until these callous crooked central bankers are exterminated and a whole lot of other crooked crony capitalists along with them, this world will always be a manipulated financial nightmare!
Greece's largest police union accuses EU and IMF officials of "blackmail, covertly abolishing or eroding democracy and national sovereignty," and threatens their arrest, specifically mentioning the IMF's Poul Thomsen and the ECB's Klaus Masuch. "You cannot make us fight against our brothers." [View news story]
It's a good damn start, now we need more around this world, the EU, IMF, ECB etc etc etc are the thieving problem..... let the riots begin!!
"Time is running out," in Greek debt talks, says Angela Merkel, speaking to reporters after meeting with Sarkozy in Paris. No deal is possible, she says, without Greece submitting to the Troika terms. If the drama in Athens is political theater for domestic consumption, the same can likely be said about Paris. [View news story]
If anyone should be warned it's that old battle-axe Merkel...... If Greece defaults like they should, means a higher Euro, less exports from Germany..... Go for it Greece, playing this same boring card for the last ten months is pathetic.......
More on Wynn Resorts (WYNN): Q4 beats on a per share basis but comes up just shy on revenue. Profit increased 8.6% Y/Y driven by a 9.1% increase in revenues from its Macau Operations and a 7.2% increase from Las Vegas. The company also declared a $0.50 dividend payable on March 1. Shares -2.1% AH. [View news story]
LOL, again WYNN beats, after market down, PCX, loses, it's up all day...... too much of a joke........
American Airlines (AAMRQ.PK) hopes to cut $2B off its labor costs in bankruptcy, according to CEO Tom Horton. Employees were told today at a closed-door meeting that the carrier wants to eliminate 12K-14K jobs as part of its proposed cost-saving plan. [View news story]
LOL, ya ya, it's always labour's fault for piss poor management, hell if ur gonna do cutbacks why not just ground all planes, lay everybody off, then see if you have shareholders, then we'll see if Mr CEO will be first in line to take a cut in his salary....... ya think maybe all the scams of say, extra costs of checking a bag, charging fee's for a blanket & pillow has anything to do with going bankrupt LOL...... I'll put it this way, one's greed of trying to rip off the general public only ever cuts one's own throat.......... think about it LOL.......
On the hour: Dow -0.22%. 10-yr +0.2%. Euro -0.49% vs. dollar. Crude -0.4% to $98.38. Gold +0.32% to $1739.95. [View news story]
LOL, and this is how they build integrity into the markets, down because of over priced houses and consumer confidence, what a joke, another total farce today.......... and the big crisis in Europe?, WTF, nothing has changed, Greece hasn't changed but yet NBG is up again, in fact the EU markets closed up, no, consumer confidence isn't gloomy as reported by the mendacious media, there just "cautious" of all the scams still going on....... like today LOL !!
Stocks slip further into the red after minutes from the FOMC's Jan. 24-25 meeting show only a few members favored another round of QE. Others indicated QE3 "could" become necessary if the economy lost momentum or if inflation seemed likely to remain below the 2% target for a long time. Dow -0.7%, S&P -0.4%, Nasdaq -0.2%. [View news story]
With increasing talk that a gallon of gasoline could cost $5 for the first time this summer, at least two commodity pundits say it's more likely that prices will remain closer to $4. “To get to $5-a-gallon gasoline, you’d need a geopolitical event, like a war with Iran,” one says. With so much speculative money betting on higher prices, buyers may lose patience and bail out, easing prices, another says. [View news story]
A meeting of eurozone finmins at which they were expected to approve the €130B Greek bailout has been cancelled, with Eurogroup chief Juncker citing the need to continue "technical work." After years of can-kicking, markets expect more of the same, but it certainly must be clear to even the hackiest eurocrat that Greece isn't coming out on the other side of this. Do they really want to shovel another €130B into Athens? [View news story]
MGM (MGM -0.7%) edges lower after announcing its CityCenter Holdings JV will be offering $240M in notes through a privately placement, which CityCenter will use to help pay down $300M in borrowings from a credit facility. Together with the bond offering, MGM is preannouncing CityCenter posted Q4 revenue of $269M, and an operating loss of $45M. [View news story]
Greeks have purchased more than €1B of U.K. real estate over the last 2 years, according to a list the Finance Ministry has received from British authorities. The list has the names of 300 individuals and companies, presumably all of whom will now be under investigation to make sure the money came from legitimate sources. [View news story]
On the hour: Dow -1%. 10-yr +0.42%. Euro -0.87% vs. dollar. Crude -0.99% to $98.85. Gold -1.3% to $1718.55. [View news story]
"Whoever opposes the bailout doesn't belong in government," says Greek PM Papademos, reading a statement ahead of an emergency cabinet meeting. He warns default will cause social and economic chaos. Proving his sense of humor, he says the austerity program assumes a primary budget surplus of 4.5% this year, and economic growth returning in 2013. [View news story]
On the hour: Dow -0.84%. 10-yr +0.37%. Euro -0.71% vs. dollar. Crude -1.39% to $98.45. Gold -0.98% to $1724.05. [View news story]
Greece's largest police union accuses EU and IMF officials of "blackmail, covertly abolishing or eroding democracy and national sovereignty," and threatens their arrest, specifically mentioning the IMF's Poul Thomsen and the ECB's Klaus Masuch. "You cannot make us fight against our brothers." [View news story]
Greece's largest police union accuses EU and IMF officials of "blackmail, covertly abolishing or eroding democracy and national sovereignty," and threatens their arrest, specifically mentioning the IMF's Poul Thomsen and the ECB's Klaus Masuch. "You cannot make us fight against our brothers." [View news story]
"Time is running out," in Greek debt talks, says Angela Merkel, speaking to reporters after meeting with Sarkozy in Paris. No deal is possible, she says, without Greece submitting to the Troika terms. If the drama in Athens is political theater for domestic consumption, the same can likely be said about Paris. [View news story]
When Will Threshold Pharmaceuticals Start To Get Some Respect? [View article]
More on Wynn Resorts (WYNN): Q4 beats on a per share basis but comes up just shy on revenue. Profit increased 8.6% Y/Y driven by a 9.1% increase in revenues from its Macau Operations and a 7.2% increase from Las Vegas. The company also declared a $0.50 dividend payable on March 1. Shares -2.1% AH. [View news story]
American Airlines (AAMRQ.PK) hopes to cut $2B off its labor costs in bankruptcy, according to CEO Tom Horton. Employees were told today at a closed-door meeting that the carrier wants to eliminate 12K-14K jobs as part of its proposed cost-saving plan. [View news story]
On the hour: Dow -0.22%. 10-yr +0.2%. Euro -0.49% vs. dollar. Crude -0.4% to $98.38. Gold +0.32% to $1739.95. [View news story]