I came to learn that even when one is properly bearish at the very beginning of a bear market it is not well to begin selling in bulk until there is no danger of the engine back-firing.-Jesse Livermore
Greece got $40 billion and the Eurozone is getting about $1 trillion to help kill fear and support the Euro. It looks like Europe had their “Bear Stearns Eve” moment at some point this weekend and took care of business. Will it last? Maybe a few days.
Subscribers to my Premium Site are enjoying another phenomenal month. All shorts were covered Thursday and Friday and many of us got very long APPL on Friday”s second dip on the chatroom, so it should be a great day for the good guys. The weeks ahead should be wild, so come by and join us.
Monday, May 10, 2010
Economic
07:00 BoE rate decision
08:15 Canada April Housing Starts
10:00 Mexico March Trade Balance
Events
BoJ minutes. 13:00 Fed’s Kocherlakota speaks in Minneapolis. BoA/Merrill Lynch Heathcare Conference. Jefferies Internet, Media & Telecom Conference. JMP Securities Research Conference. Ex-dividend: AWR $0.26, ED $0.595, ETR $0.83, FO $0.19, OSG $0.438, WYNN $0.25.
Earnings
Before the Open: ARCC, BPZ, BR, CFSG, CPBY, COMV, DF, DISH, DYN, SATS, ENER, SSP, GSI, HRBN, ZINC, HPT, HWCC, IPSU, IDC, LPX, NGS, NNI, NVAX, NRG, ORBK, PETS, KGS, KWK, RDNT, SOL, RRST, STRL, TDS, TWGP, TDG, TA, TSN, USM, WPI, XIN, HOGS. After the Close: ARIA, AGO, ATRC, BIDZ, CIR, CCO, CUZ, DENN, DOLE, DTSI, FLR, GTEC, GCOM, HE, HR, HQS, IPAR, LRN, LDK, LM, MWE, MTXX, MBI, MDR, MR, NUAN, PAAS, PIKE, PCLN, inPSEC, PSYS, SB, SLXP, SNHY, TWTC, VISN, WRC, WINN.