The Morning Morsel-Shock and Awe, Euro Style

Posted by UpsideTrader
on May 10th, 2010

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.

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