The Morning Morsel-Greece Breaths, Bernanke Warns

Posted by UpsideTrader
on February 11th, 2010

Zeus Would Be So Pissed

The drama continues with Greece, as Germany is whispered as the White Knight. We’ll see, did Germany ever do anything alone or act proactively in any regard in recent history? Bring friends, you’ll need it.

Something will get resolved, we don’t let countries go bankrupt that Americans like to visit. Just call me goofy and over simplistic.

Just like all the gold buggers came out of the woodwork a few months ago, now every barber, electrician, cop and doctor has become a currency trader. “Short the euro, get long the dollar is their mantra.” They’ve been right, good for them, just know when to fold em, (see gold buggers).

Bernanke got snowed out yesterday but telegraphed tightening.

Thursday, February 11, 2010

Economic

08:30 Jan Advance Retail Sales (last -0.3%, ex auto -0.2%), Initial Jobless Claims (last 480K), Continuing Claims (last 4.602M), Canada Dec Housing Price Index

10:00 Dec Business Inventories (last 0.4%), Mexico Dec Industrial Production

10:30 Natural Gas Inventories

13:00 US Treasury’s $16B 30-yr bond auction

16:00 Chile rate decision

Events

Trades Ex-dividend: AFL $0.28, CNP $0.195, EXC $0.525, MUR $0.25, ROK $0.29.

Earnings

Before the Open: ASF, AKNS, ALU, ARE, ALXN, AN, BWA, CATM, CBB, ECL, EMS, ECA, NPO, EXPE, FLIR, GEO, GLT, GPI, HEP, HOS, IPCC, IRC, JASO, JRN, LH, LF, LUFK, MAC, CLI, MAR, OZM, PMTI, PTEN, PEP, PM, PGN, PLD, SCG, SKYW, STRA, ELOS, TKLC, TDC, THS, VFC, VIA.B, WWE. After the Close: ACL, AB, AWH, BEC, BJRI, NILE, BWLD, CEPH, CAKE, CMG, CHH, CGNX, CSTR, CML, DCT, DFG, EHTH, ENOC, EPIC, FFG, BGC, HE, MFE, MOH, NRP, PNRA, PNSN, PRAA, PRO, QDEL, RNWK, RSG, ROVI, SNWL, SONO, STMP, SMMX, SVR, USTR, ZGEN.

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