5月份竟然没人抢着开题。
以此献给天天做春梦，忙着买东西送礼的跑锅。

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蜂蜜
流光容易把人抛，红了樱桃，绿了芭蕉。

坛主跑了，牛市来了。。。

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视远惟明，听德惟聪
This is capitalism, you are either rich and awesome or poor and a statistic

sell in May and go away。。。不晓得今年灵不灵？

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视远惟明，听德惟聪
This is capitalism, you are either rich and awesome or poor and a statistic

一样灵。

[ Post made via Mobile Device ]

PAGE ONE
Last Update: 02-May-12 08:33 ET

Weak ADP Number Adds to the Anxiety

The opening snooze yesterday turned out to be only a short nap. The market managed a surprising rally in response to a slightly stronger than expected overrated manufacturing survey, and then lost ground steadily in the afternoon. This morning, S&P futures indicate a lower open of perhaps 8 points. That would wipe out yesterday's gain.

The action yesterday was considerably different than what had been a common pattern the past few months of the market rallying steadily through the day after early dips. It is a stretch to draw conclusions from one day, but yesterday's action suggests more underlying nervousness than optimism, in our opinion. There was a knee-jerk reaction to the April ISM survey, then doubt set in.

Most of the doubts revolve around the spreading European recession. The impact of European weakness on the US economy has been overplayed, but there is no denying the concern. On top of that, there is increasing concern about the US economic outlook.

The ADP report this morning showed an increase of only 119,000 in April payrolls. That private company data, in conjunction with the recent uptick in weekly unemployment claims, raises the likelihood of a second straight month of a disappointing gain in the government payroll report. The April payroll data are due Friday, and talk will now be of a gain of just 100,000 to 150,000. If that occurs, it would mark the second straight month of an increase of less than 150,000 after three straight gains exceeding 220,000.

The market has hung tough the past few weeks, and perhaps we are overly-sensitive to the seasonal weakness that has occurred in the stock market the past two years. Nevertheless, with earnings season winding down, and concerns about the European and US economic outlooks increasing, we feel that rising anxiety will create additional volatility in the stock market over the near term, with downside risks. Longer-term, we remain bullish based on the strong relative value of stocks, but defensive strategies for the short-term are worth considering.

Dick Green
Founder and Chairman, Briefing.com


Read more: http://www.briefing.com/investor/popupp ... z1tiRGcqdV

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老书记，娘亲节快乐！

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最最要紧的是身体健康，其他都是浮云。-- Alex

狗丽去哪儿了?

跑锅对大盘没说什么最新指示吧?

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[仓廪实而知礼节 衣食足而知荣辱]

这一天你诞生了 下一日就将死去 今日 薄暮降临时 秋天的微风拂过

老肥龟现在也不开赌了......

我来, 1.5买一个1375C!

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[仓廪实而知礼节 衣食足而知荣辱]

这一天你诞生了 下一日就将死去 今日 薄暮降临时 秋天的微风拂过

JPMorgan [JPM 40.74 0.10 (+0.25%) ] — The financial giant said its chief investment office had significant mark-to-market losses and that legal losses of $4.2 billion are "reasonably possible." In addition, S&P downgraded the banking giant as residential mortgage specialist to "average" from "above average." The stock fell sharply in extended-hours trading.

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JPMorgan Chase Announces Conference Call

NEW YORK (Business Wire) -- JPMorgan Chase & Co. (NYSE: JPM) will host a conference call today, May 10, 2012 at 5:00p.m. (Eastern).

The general public can access the conference call by dialing the following numbers: (866) 541-2724 in the U.S. and Canada; (706) 634-7246 for international callers. Please dial in 15 minutes prior to the start of the call. The live audio webcast will be available on www.jpmorganchase.com under Investor Relations, Investor Presentations.

A replay of the conference call will be available beginning at approximately 8:00p.m. today, May 10 through midnight, May 24 by telephone at (855) 859-2056 or (800) 585-8367 (U.S. and Canada); (404) 537-3406 (International); use Conference ID 81044690. The replay will also be available via webcast on www.jpmorganchase.com under Investor Relations, Investor Presentations.

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The Spanish 10 yr bond yield finished the session at 6.32% and the Italian 10 yr bond yield at 5.82%.

Europe reacted to huge bank runs in Greece as well as Spain. Spreads on all LTRO receiving banks increased again to their widest margins as the stigma continues to those banks receiving this ECB largess.

Early this morning the nationalized bank, Bankia was halted having fallen by 30% today. They reported a massive run on its bank. The best article today was written by Mark Grant who outlines the true cost of a Greek failure. If anything you do tonight, please read that one. Bruce Krasting, one of the best FX traders out there, highlights what happened today with respect to the fall in the USA/Yen cross and Euro/FX cross.

To him, this kind of signals some sort of disaster looming. Rumours that Greece is printing Euros with a red "G" to stop the flight of euros from Greece. If this is so, then expect a massive flight from Spain, Portugal and Ireland and possibly Belgium.

Max Keiser reported today that JPMorgan has been using its stock as collateral in support of its massive silver shortfall. I am not sure if that is legal per CFTC rules. However it does show that JPMorgan is tapped out as far as collateral is concerned if they have to use their own stock and not cash.

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