California lost more than Michael Jackson yesterday. They also lost their credit rating as Fitch dropped them to A-minus and even that rating was immediately placed on negative credit watch. California faces a $24 billion-plus...
Read MoreToday’s tickers: EXC, NRG, PALM, ANF, CAL, AMTD & PAYX EXC – The company has been increasingly less successful in trying to persuade shareholders at NRG – NRG Energy– to tender their shares to the...
Read MoreBig day today! We have our GDP report at 8:30 but that will be quickly forgotten as Bernanke is called to testify on Capital Hill in what is quickly becoming BankAmericagate and the calls are coming for Bernanke’s learned...
Read MoreHow much smarter is China than the US? Well let’s see – The US has spent $1,000,000,000,000 fighting in Iraq and thousands of our soldiers have died and we have secured ZERO barrels of oil for ourselves. China was...
Read MoreToday’s tickers: C, WLP, ORCL, PCAR, EK, TLB & RVBD C – Not sure what’s going on at Citigroup today, at least in the options patch. Base salaries might be up 50% for some employees who chose to weather the...
Read MoreToday’s tickers: EEM, EWZ, EWJ, EXPE, BA, RMBS, ZMH, AXP & YHOO EEM– The emerging markets ETF dominated the upper slots of our ‘most active by options volume’ market scanner today with heavy trading...
Read MoreToday’s tickers: PWRD, ADBE, VLO, VIX, COH, BKC, ANF, VALE & IPG PWRD – In a perfect world shares of PWRD would have rallied on the news that the company lifted its revenue forecast for the second quarter, alas,...
Read MoreEvery once in a while, it’s fun to take a chance. Today we made a play on YRCW where we sell the 2011 $2.50 puts for $1.75 and sell the 2011 $5 calls for .75, which net’s us $2.50 on the $2 stock. We like YRCW and...
Read MoreToday’s tickers: MEE, INTC, IYR, TYC, XLF, YHOO, COF, SMH & MDT MEE – The coal producer edged onto our ‘most active by options volume’ market scanner this afternoon after one investor was seen...
Read MoreWell, I am inspired! I watched Iran’s Supreme Leader, Ayatollah Ali Khamenei’s speech at Tehran University this morning in which he called the the re-election of Mahmoud Ahmadinejad a “definitive victory”...
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