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  • Mini-Rally Is Reversed.

    In This Issue.

    * Greeks decide to keep euro.

    * U.S. posts Monthly Budget Surplus!

    * JP Morgan throws a spanner.

    * Eric Sprott talks about manipulation.

    ...
  • Feds Say NO To CIT...

    In This Issue..

    * Currencies have strong day...
    * What are the qualifications?
    * JP Morgan posts 36% increase in earnings...
    * RBA attempts to keep A$'s in check...

    Good day... And a Tub Thumpin' Thursday to you! The first day this week that I've gotten up and to work at my normal time. I hit the wall yesterday afternoon, went home, watched about 10 minutes of the Wizard of Oz (my all-time fave movie) with granddaughter Delaney Grace, and then went to sleep! Crazy, I know, but when you hit the wall, you hit the wall!

    Yesterday was a strong day in the currencies. I wrote yesterday about how the euro was inching toward 1.41, but the level had been a tough row to hoe, with the euro giving back ground each time it went higher than 1.41... And... That was the case yesterday! The euro did trade higher than 1.41. It was 1.4120 when I left the office! But, as I turn on the screens this morning, the single unit has fallen below the 1.41 figure......
  • Another One Bites The Dust...

    * Bailout or rescue plan? * JP Morgan buys Wa-Mu... * Canadian loonie remains well bid... * China to stop lending to U.S. Banks? ** Another One Bites The Dust... Good day... And a Happy Friday to one and all! It's not starting out to be a Fantastico Friday, but I'm sure that by the time the closing whistle blows this afternoon, I'll be all about a Fantastico Friday! The reason I say it's not starting out that way, is simply that it looks as though the bailout package is close to being a done deal. On a side bar... Have you noticed that the bailout package is now being referred to as the "rescue plan"? I guess the word "bailout" wasn't sitting to well with voters... Better to scare the bejeebers out of them into agreeing with taking on $700 Billion!...