BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Greek Economy Shrinks]]>http://www.bloggingstocks.com/2010/09/08/greek-economy-shrinks/http://www.bloggingstocks.com/2010/09/08/greek-economy-shrinks/http://www.bloggingstocks.com/2010/09/08/greek-economy-shrinks/#commentsFiled under: , ,

U.S. markets sold off Tuesday amid fears of European debt defaults. On Wednesday, news that Greece's economy shrank by 1.8% in the second quarter didn't help ease those concerns.

Back in June, Greece was the center of a potential default crisis. The European Central Bank was forced to provide the member country with $140 billion in bailout funds. The bailout was orchestrated with the International Monetary Fund. Under the terms of the agreement, Greece was forced to impose austerity measures such as cutting public sector expenditures.

Continue reading Greek Economy Shrinks

Greek Economy Shrinks originally appeared on BloggingStocks on Wed, 08 Sep 2010 11:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>austerity measureseuropean central bankgreecegreek economyinternational monetary fundinthenewsWed, 08 Sep 2010 11:20:00 EST<![CDATA[Worries of European Sovereign Default Rattle the Markets]]>http://www.bloggingstocks.com/2010/09/07/european-sovereign-default-rattles-the-markets/http://www.bloggingstocks.com/2010/09/07/european-sovereign-default-rattles-the-markets/http://www.bloggingstocks.com/2010/09/07/european-sovereign-default-rattles-the-markets/#commentsFiled under: , , ,

So you thought the sovereign debt crisis in Europe was over? Wrong. For the past two months we've had a temporary respite. The euro rose and we got a nice warm and fuzzy feeling. But now the problem is back.

According to Bloomberg Markets Magazine's October issue, even though Europe did stress tests on their banks, there is still concern that one or more countries could default. Banks hold sovereign debt bonds from many different countries. That is putting pressure on all eurozone banks.

A default by Greece could trigger the collapse of banks with large holdings of Greek debt. Europe's largest banks hold €134 billion in Greek, Portuguese and Spanish government bonds.

Continue reading Worries of European Sovereign Default Rattle the Markets

Worries of European Sovereign Default Rattle the Markets originally appeared on BloggingStocks on Tue, 07 Sep 2010 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>defaulteuroEuropean banksfeaturedgreeceinthenewsportugalsovereign debtspainTue, 07 Sep 2010 09:30:00 EST<![CDATA[Will Greece Be Able to Pay Back Its Debt?]]>http://www.bloggingstocks.com/2010/08/20/will-greece-be-able-to-pay-back-its-debt/http://www.bloggingstocks.com/2010/08/20/will-greece-be-able-to-pay-back-its-debt/http://www.bloggingstocks.com/2010/08/20/will-greece-be-able-to-pay-back-its-debt/#commentsFiled under: ,

Greek and EU flagsWill Greece be able to pay an estimated €340 billion or $431 billion in debt in 2013, post intervention, up from the current €270 billion or $342 billion today?

The calculation here is that Greece, which is presently dependent on International Monetary Fund assistance to meet its obligations, will be able to do it, but it will be a close call.

Investors presently demand about 10.6% from Greece to borrow money for 10 years, while fellow eurozone nation Germany, obviously in a magnitude better fiscal position, pays 3.35%. In contrast, the United States pays just 2.56%.

Continue reading Will Greece Be Able to Pay Back Its Debt?

Will Greece Be Able to Pay Back Its Debt? originally appeared on BloggingStocks on Fri, 20 Aug 2010 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bond marketdebt crisiseuro zoneexpire-images:2010-9-19featuredGreeceIMFinterest ratesinthenewsFri, 20 Aug 2010 14:00:00 EST<![CDATA[Will Greece Default on Its Government Debt?]]>http://www.bloggingstocks.com/2010/07/01/will-greece-default-on-its-government-debt/http://www.bloggingstocks.com/2010/07/01/will-greece-default-on-its-government-debt/http://www.bloggingstocks.com/2010/07/01/will-greece-default-on-its-government-debt/#commentsFiled under: ,

The cost of protecting Greek government debt from default rose to a record, Bloomberg News reported last week. According to CMA DataVision there is now a 68.5% of default. Greece's probability of default rose from 48.5% on June 15 when Moody's downgraded Greek debt to junk.

The main fear is that the imposition of austerity programs throughout the eurozone will hamper growth, especially for weaker countries like Greece. CMA estimates that holders of Greek debt could end up with only 50 cents on a dollar.

Continue reading Will Greece Default on Its Government Debt?

Will Greece Default on Its Government Debt? originally appeared on BloggingStocks on Thu, 01 Jul 2010 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>credit swapsdebtfeaturedgreecegreece debt crisisgreekgreek debt crisisinthenewsThu, 01 Jul 2010 09:00:00 EST<![CDATA[AFLAC Ditches Greek Debt and Reaffirms Guidance]]>http://www.bloggingstocks.com/2010/06/28/aflac-ditches-greek-debt-and-reaffirms-guidance/http://www.bloggingstocks.com/2010/06/28/aflac-ditches-greek-debt-and-reaffirms-guidance/http://www.bloggingstocks.com/2010/06/28/aflac-ditches-greek-debt-and-reaffirms-guidance/#commentsFiled under: , , , ,

AFL logoAFLAC (AFL - option chain) shares are rising today after the company announced this morning that it has sold all its holdings of Greek sovereign debt and reduced exposure to hybrid securities, a move which assuaged investors' fears that the company was exposed to too many risky assets. Also in the announcement, AFL reiterated its growth forecast of 9-12% for this year. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on AFL.

AFL opened this morning at $44.12. So far today the stock has hit a low of $44.07 and a high of $46.20. As of 12:20, AFL is trading at $44.98 up $1.39 (3.2%). The chart for AFL looks neutral and S&P gives AFL a neutral 3 STARS (out of 5) hold ranking.

Continue reading AFLAC Ditches Greek Debt and Reaffirms Guidance

AFLAC Ditches Greek Debt and Reaffirms Guidance originally appeared on BloggingStocks on Mon, 28 Jun 2010 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AFLAFLACGreeceinthenewsInvestors ObserveroptionsMon, 28 Jun 2010 13:30:00 EST<![CDATA[Ray of Light: IMF Says Greece's Deficit-Cutting Plan On-Track]]>http://www.bloggingstocks.com/2010/06/17/ray-of-light-imf-says-greece-deficit-cutting-plan-on-track/http://www.bloggingstocks.com/2010/06/17/ray-of-light-imf-says-greece-deficit-cutting-plan-on-track/http://www.bloggingstocks.com/2010/06/17/ray-of-light-imf-says-greece-deficit-cutting-plan-on-track/#commentsFiled under: ,

Thursday's good new data point comes from the International Monetary Fund, which said Greece's budget deficit reduction plan and economic overhaul appears to be on-track.

The IMF termed fiscal developments as "positive with central government revenue coming in closely as expected" and with expenditures under control.

The group also said pension reform has advanced and an agreement has been reached on many key parameters as outlined in the memorandum or understanding. Structural reforms are also progressing, including in the areas of local administration, privatization, labor market, and tax administration.

Continue reading Ray of Light: IMF Says Greece's Deficit-Cutting Plan On-Track

Ray of Light: IMF Says Greece's Deficit-Cutting Plan On-Track originally appeared on BloggingStocks on Thu, 17 Jun 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>debt crisisdollareuroEuropeEuropean UnionGreeceIMFinthenewsThu, 17 Jun 2010 17:30:00 EST<![CDATA[Spanish Banks Borrow Record Amounts from the European Central Bank]]>http://www.bloggingstocks.com/2010/06/16/spanish-banks-borrow-from-european-central-bank/http://www.bloggingstocks.com/2010/06/16/spanish-banks-borrow-from-european-central-bank/http://www.bloggingstocks.com/2010/06/16/spanish-banks-borrow-from-european-central-bank/#commentsFiled under: , , ,

European Central Bank ECBSpanish banks are scrambling to borrow record amounts from the European Central Bank (ECB) for fear that they will not be able to borrow from international capital markets.

Last month, Spanish banks borrowed 85.6 billion euros from the ECB, double the amount borrowed during the Lehman collapse, and amounting to 16.5% of all loans granted by the ECB. This is the highest amount since the launch of the eurozone in 1999.

Continue reading Spanish Banks Borrow Record Amounts from the European Central Bank

Spanish Banks Borrow Record Amounts from the European Central Bank originally appeared on BloggingStocks on Wed, 16 Jun 2010 14:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ECBEuropean Central BankeurozoneGreeceinthenewsSpanish borrowing from ECB at record levelsWed, 16 Jun 2010 14:20:00 EST<![CDATA[Will Japan Be the Next Greece?]]>http://www.bloggingstocks.com/2010/06/12/japan-debt-risk-of-collapse/http://www.bloggingstocks.com/2010/06/12/japan-debt-risk-of-collapse/http://www.bloggingstocks.com/2010/06/12/japan-debt-risk-of-collapse/#commentsFiled under: , , , ,

Japan debt riskJapan's new prime minister, Naoto Kan, in his first major speech since taking office, said: "Japan is 'at risk of collapse' under its huge debt mountain."

For the past 20 years, Japan has been borrowing to keep its economy afloat. Most of Japan's bonds have been bought by Japanese citizens. Now with an aging population, Japanese citizens may not have the desire to purchase more bonds. The government would be forced to find other buyers who, most likely, would demand a higher yield.

Continue reading Will Japan Be the Next Greece?

Will Japan Be the Next Greece? originally appeared on BloggingStocks on Sat, 12 Jun 2010 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>debt crisisfeaturedGreeceinthenewsJapanJapans Kan warns of collapseNaoto KanSat, 12 Jun 2010 12:40:00 EST<![CDATA[Pimco's Gross: Greek Debt Restructuring Is Inevitable]]>http://www.bloggingstocks.com/2010/05/28/pimco-s-gross-greek-debt-restructuring/http://www.bloggingstocks.com/2010/05/28/pimco-s-gross-greek-debt-restructuring/http://www.bloggingstocks.com/2010/05/28/pimco-s-gross-greek-debt-restructuring/#commentsFiled under: ,

Two steps forward, one step back regarding Europe's debt crisis. Just when it looks like the debt crisis will be contained, and credit markets will start to normalize, one of the world's leading bond managers sees more problems ahead, in a year or so.

PIMCO's Bill Gross, who heads the world's largest bond fund, said a debt restructuring for Greece is all but inevitable, later if not sooner.

"The growth required in order to shoulder Greece's debt burden is so excessive and the fiscal restrictiveness being imposed on the country is so restrictive they there will be no way out," Gross told Bloomberg News Wednesday.

Continue reading Pimco's Gross: Greek Debt Restructuring Is Inevitable

Pimco's Gross: Greek Debt Restructuring Is Inevitable originally appeared on BloggingStocks on Fri, 28 May 2010 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bill Grossdebt crisisdollareuroGreeceinthenewsFri, 28 May 2010 12:00:00 EST<![CDATA[Nouriel Roubini Feels European Crisis Isn't Over]]>http://www.bloggingstocks.com/2010/05/18/nouriel-roubini-feels-european-crisis-isnt-over/http://www.bloggingstocks.com/2010/05/18/nouriel-roubini-feels-european-crisis-isnt-over/http://www.bloggingstocks.com/2010/05/18/nouriel-roubini-feels-european-crisis-isnt-over/#commentsFiled under: ,

New York University professor Nouriel Roubini, often dubbed Dr. Doom, has given his analysis of the financial issues in Greece and Europe, and I am not sure that his comments are welcome. Roubini told the BBC that the crisis is "not over" and that the situation in the eurozone "is a second stage of a typical financial crisis."

Roubini noted that the EU's rescue package has not calmed the markets and he worries that the governments are not "strong enough to implement the austerity measures required."

Continue reading Nouriel Roubini Feels European Crisis Isn't Over

Nouriel Roubini Feels European Crisis Isn't Over originally appeared on BloggingStocks on Tue, 18 May 2010 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Dr. DoomEurozonefeaturedGreeceGreek crisisinthenewsNouriel RoubiniTue, 18 May 2010 09:40:00 EST<![CDATA[Sarkozy Reportedly Threatened to Pull France out of Euro-Zone]]>http://www.bloggingstocks.com/2010/05/14/sarkozy-reportedly-threatened-to-pull-france-out-of-euro-zone/http://www.bloggingstocks.com/2010/05/14/sarkozy-reportedly-threatened-to-pull-france-out-of-euro-zone/http://www.bloggingstocks.com/2010/05/14/sarkozy-reportedly-threatened-to-pull-france-out-of-euro-zone/#commentsLast weekend French President Nicolas Sarkozy reportedly threatened to pull France out of the euro-zone if Germany did not agree to a comprehensive stabilization package for Greece, Agence France-Presse reported Friday, citing Spain's El Pais.

Spanish Prime Minister Jose Luis Rodriguez Zapatero reported Sarkozy's remarks to a meeting of leaders of his Socialist Party on Wednesday. However, a government source in Madrid denied the Sarkozy incident, telling the AFP that it is "lacking in any foundation."

Continue reading Sarkozy Reportedly Threatened to Pull France out of Euro-Zone

Sarkozy Reportedly Threatened to Pull France out of Euro-Zone originally appeared on BloggingStocks on Fri, 14 May 2010 15:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>debt crisisdollareurofeaturedFranceGermanyGreeceinthenewsSarkozyFri, 14 May 2010 15:30:00 EST<![CDATA[Oil Prices Drop to Three-Month Low on Economic Concerns]]>http://www.bloggingstocks.com/2010/05/13/oil-prices-drop-to-three-month-low-on-economic-concerns/http://www.bloggingstocks.com/2010/05/13/oil-prices-drop-to-three-month-low-on-economic-concerns/http://www.bloggingstocks.com/2010/05/13/oil-prices-drop-to-three-month-low-on-economic-concerns/#commentsFiled under: , , , , ,

falling oil pricesOil prices continue their decline, falling today to levels not seen since mid-February.

Concerns continue to linger about the economic situation in Europe, which has been giving the U.S. dollar a major boost, driving oil lower. Oil fell $1.25 a barrel today to $74.40.

There are plans in place to combat the crisis in Greece, but experts are skeptical that the $1 trillion package and additional austerity measures will be able to completely correct the debt problem the country is experiencing.

Continue reading Oil Prices Drop to Three-Month Low on Economic Concerns

Oil Prices Drop to Three-Month Low on Economic Concerns originally appeared on BloggingStocks on Thu, 13 May 2010 19:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>currenciesdollareconomyenergy departmenteuroeuropefeaturedgreeceinthenewsoiloil inventoriesoil pricesThu, 13 May 2010 19:00:00 EST<![CDATA[ECB Intervention Calming Bond Market]]>http://www.bloggingstocks.com/2010/05/13/ecb-intervention-calming-bond-market/http://www.bloggingstocks.com/2010/05/13/ecb-intervention-calming-bond-market/http://www.bloggingstocks.com/2010/05/13/ecb-intervention-calming-bond-market/#commentsFiled under: , ,

There's another positive data point in the campaign to check contagion and keep credit markets liquid.

The European Central Bank's intervention to buy the government debt of Greece, Spain, Portugal, Italy, and Ireland has apparently started to bolster investor confidence, Bloomberg News reported Thursday. Central banks of Germany, France, and Italy also intervened.

Continue reading ECB Intervention Calming Bond Market

ECB Intervention Calming Bond Market originally appeared on BloggingStocks on Thu, 13 May 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>debt crisisECBeuropeGreeceinthenewsThu, 13 May 2010 16:40:00 EST<![CDATA[IMF's Lipsky: Now Comes the Hard Part -- Budget Cuts]]>http://www.bloggingstocks.com/2010/05/11/imf-s-lipsky-now-comes-the-hard-part-budget-cuts/http://www.bloggingstocks.com/2010/05/11/imf-s-lipsky-now-comes-the-hard-part-budget-cuts/http://www.bloggingstocks.com/2010/05/11/imf-s-lipsky-now-comes-the-hard-part-budget-cuts/#commentsFiled under:

One of the world's leading economists is applauding Europe's leaders and other leaders for their unprecedented action to stabilize Europe's public finances, but is also cautioning that much real work remains.

Economist John Lipksy, first deputy director of the International Monetary Fund, told Bloomberg News Tuesday Europe's decision to commit up to $1 trillion in loans and guarantees to help debt-plagued countries transition to sustainable fiscal budgets, "is an important step" but added, "Now let's see what happens in other countries that need to undertake adjustment programs."

Continue reading IMF's Lipsky: Now Comes the Hard Part -- Budget Cuts

IMF's Lipsky: Now Comes the Hard Part -- Budget Cuts originally appeared on BloggingStocks on Tue, 11 May 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>euroEuropeGreeceIMFinthenewsJohn LipskyTue, 11 May 2010 17:30:00 EST<![CDATA[Closing Bell: Giving Some Back (GCI, JPM, GS, NBG, BEE, MERU)]]>http://www.bloggingstocks.com/2010/05/11/closing-bell-giving-some-back-gci-jpm-gs-nbg-bee-meru/http://www.bloggingstocks.com/2010/05/11/closing-bell-giving-some-back-gci-jpm-gs-nbg-bee-meru/http://www.bloggingstocks.com/2010/05/11/closing-bell-giving-some-back-gci-jpm-gs-nbg-bee-meru/#commentsFiled under: ,

Today's market fear was that the $1 trillion E.U. bailout is a bandaid over an open wound, rather than a cure. In short, the problems remain but more money is thrown at them. Traders spent most of the day playing tug of war all of the way down to the closing bell wire today.

Here were the unofficial closing bell levels:

Dow 10,748.26 -36.88 (-0.34%)
S&P 500 1,155.79 -3.94 (-0.34%)
Nasdaq 2,375.31 +0.64 (0.03%)

Top Analyst Calls

Continue reading Closing Bell: Giving Some Back (GCI, JPM, GS, NBG, BEE, MERU)

Closing Bell: Giving Some Back (GCI, JPM, GS, NBG, BEE, MERU) originally appeared on BloggingStocks on Tue, 11 May 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BEEeuropegannett coGCIgreeceGSMERUmeru networksMeruNetworksNBGstrategic hotels and resortsTue, 11 May 2010 16:20:00 EST<![CDATA[Is Greece a Spoiled Rotten Rich Kid?]]>http://www.bloggingstocks.com/2010/05/10/is-greece-a-spoiled-rotten-rich-kid/http://www.bloggingstocks.com/2010/05/10/is-greece-a-spoiled-rotten-rich-kid/http://www.bloggingstocks.com/2010/05/10/is-greece-a-spoiled-rotten-rich-kid/#commentsFiled under: , , , ,

Greece is acting like a spoiled rotten rich kid who just threw her designer purse
out the window because daddy took the maxed out credit cards away! Protesting, stamping your feet, slamming doors and calling for mommy are not going to help the situation! Someone needs to get a job, stop spending, and (gasp) save money for a change.

There has been a lot of great commentary about the financial problems of Greece recently. I share the concerns that others have expressed about Greece's ability to pay it's off its debts and make the necessary cuts. Over the weekend a very large bailout package was put together and that should be able to delay default and the effects of too much debt for a while, but it does not address the real issue.

Continue reading Is Greece a Spoiled Rotten Rich Kid?

Is Greece a Spoiled Rotten Rich Kid? originally appeared on BloggingStocks on Mon, 10 May 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>corruptioncurrencyeuropeGreeceMon, 10 May 2010 18:00:00 EST<![CDATA[Closing Bell: Market Bounces Back with a Vengeance (AIB, MCO, NBG, GS, PLD)]]>http://www.bloggingstocks.com/2010/05/10/closing-bell-fire-ready-aim-aib-mco-nbg-gs-pld/http://www.bloggingstocks.com/2010/05/10/closing-bell-fire-ready-aim-aib-mco-nbg-gs-pld/http://www.bloggingstocks.com/2010/05/10/closing-bell-fire-ready-aim-aib-mco-nbg-gs-pld/#commentsToday wasn't about an Obama Supreme Court nominee, nor was it about reform or other legislation in the center of the known world (America). Today was simply about an E.U. and IMF coordinated E.U. bailout package measuring close to $1 trillion.

Cautious housing survey data about homeowners being buried further in their houses did little to harm the markets. In fact, this was one of the days where you ended up feeling bad if each of your stock picks wasn't up 4% or more.

Here were the unofficial closing bell levels from today's massive day:

Dow 10,785.74 +405.31 (3.90%)
S&P 500 1,159.68 +48.80 (4.39%)
Nasdaq 2,374.67 +109.03 (4.81%)

Top Analyst Calls

Continue reading Closing Bell: Market Bounces Back with a Vengeance (AIB, MCO, NBG, GS, PLD)

Closing Bell: Market Bounces Back with a Vengeance (AIB, MCO, NBG, GS, PLD) originally appeared on BloggingStocks on Mon, 10 May 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>greecelloyd blankfeinmoodysprologissecMon, 10 May 2010 16:00:00 EST<![CDATA[Comfort Zone Investing: If You Believe ...]]>http://www.bloggingstocks.com/2010/05/08/comfort-zone-investing-if-you-believe/http://www.bloggingstocks.com/2010/05/08/comfort-zone-investing-if-you-believe/http://www.bloggingstocks.com/2010/05/08/comfort-zone-investing-if-you-believe/#commentsFiled under: , ,

Comfort Zone Investing - do you believe the economy is getting better?If you believe the economic recovery is just beginning, then the sell-off this week was a welcome opportunity. If you bought any stocks two weeks ago, you were hurting, but if you were looking to buy, opportunity was at the front door. Will the rally that started last July when the DJIA traded at 8058 continue? Or is this the apex, having touched 11,309 (up 40% in less than a year), and the only direction is down? I don't think so. Here's why.

The U.S. economy is recovering. All the data from manufacturing to housing sales, even employment (224,000 non-farm workers were added in April, 290,000 total workers found new jobs), show improvement.

Car sales were up 25% for most automakers in the month of April compared to last year's April. Factory orders rose 1.3% in March, helped by higher demand for machinery, appliances, and primary metals. Analysts thought the number would be negative .1%. Pending home sales rose a seasonally-adjusted 5.3% in March. Again, analysts thought the number would be 4%. Pending home sales for the year to date are now up 21.1% from a year ago.

Continue reading Comfort Zone Investing: If You Believe ...

Comfort Zone Investing: If You Believe ... originally appeared on BloggingStocks on Sat, 08 May 2010 10:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>car salesComfort Zone InvestingeconomyEuropean UnionFfeaturedGMGreeceSpainTMSat, 08 May 2010 10:30:00 EST<![CDATA[Closing Bell: The Bears Return Triumphant (BP, AAPL, NOK, NBG, GS, DNDN)]]>http://www.bloggingstocks.com/2010/05/07/closing-bell-the-bears-return-triumphant-bp-aapl-nok-nbg-g/http://www.bloggingstocks.com/2010/05/07/closing-bell-the-bears-return-triumphant-bp-aapl-nok-nbg-g/http://www.bloggingstocks.com/2010/05/07/closing-bell-the-bears-return-triumphant-bp-aapl-nok-nbg-g/#commentsFiled under: , ,

Stocks might have seemed like a buy, but the selling continued for second day as Greece and Europe weighed on equities. The economy created 290,000 jobs in April and unemployment was listed as 9.9%. The market tried to go positive several times, but was stopped in its tracks. The flight to quality today means a flight to gold.

Here are today's unofficial closing bell levels:

Dow 10,380.43 -139.89 (-1.33%)
S&P 500 1,110.88 -17.27 (-1.53%)
Nasdaq 2,265.64 -54.00 (-2.33%)

Top Analyst Calls

Continue reading Closing Bell: The Bears Return Triumphant (BP, AAPL, NOK, NBG, GS, DNDN)

Closing Bell: The Bears Return Triumphant (BP, AAPL, NOK, NBG, GS, DNDN) originally appeared on BloggingStocks on Fri, 07 May 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BPDNDNeuropegreeceGSNBGNOKFri, 07 May 2010 16:20:00 EST<![CDATA[Libor Rises on Greek, Europe Debt Concerns]]>http://www.bloggingstocks.com/2010/05/07/libor-rises-on-greek-europe-debt-concerns/http://www.bloggingstocks.com/2010/05/07/libor-rises-on-greek-europe-debt-concerns/http://www.bloggingstocks.com/2010/05/07/libor-rises-on-greek-europe-debt-concerns/#commentsFiled under:

One troubling sign (amid a week filled with disconcerting signs) for the markets is the increase in the three-month Libor, or London interbank offered rate, which rose 5.5 basis points to 0.428% on Friday: its highest level since August 17, 2009, Bloomberg News reported.

Experienced investors will recall that the Libor, which serves as a sort of "ATM for banks," rose to a stratospheric high of 3.65% during the financial crisis' acute stage when Lehman Brothers collapsed in the fall of 2008.

Continue reading Libor Rises on Greek, Europe Debt Concerns

Libor Rises on Greek, Europe Debt Concerns originally appeared on BloggingStocks on Fri, 07 May 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>debtGreeceinterest rateinterest ratesinthenewsLiborFri, 07 May 2010 16:00:00 EST