Ground Hog Day Around The World

 

In Washington DC: PunxsaPrinty Ben came out of his Ivory Tower, saw his shadow, and we have six more months of QE. 

In Egypt: PunxsaDeludy Hosni came out of his palace, saw his shadow, and they have six more months of despot rule.

In New York, PunxsaPower Cuomo came out of his mansion, saw his shadow, and New York has six more years of fiscal crisis.

In Hollywood, PunxsaLooney Cruise came out of his closet, saw his shadow, and we have six more decades of L Ron Hubbard.

In Russia, PunxsaWoozy Putin came out of his stupor, saw his shadow, and we have six more cases of Stoli.

In New Jersey, PunxsaNano Nasdaq came out of his server room, saw his LED shadow, and we have six times the actual real volume in the market place.

In Silicon Valley, Punxsa-CIA Zuckerberg saw your shadow, and you all now have six more years of Big Brother watching you.

In Queens, MY Mets Owner Punxsa-Brokey Wilpon saw Madoff’s shadow, and Mets Fans now have six more years of mediocrity (sorry Joe).

 

 

Where we left off 4:00pm EST:

INDU               12040.16                                 +148.23

SPX                 1,307.59                                  +21.47

CCMP              2,751.19                                  +51.11

Futures now at 6:15am EST:

DJA                             +5 

SPA                             +1

NDA                            +1

Key Data out today:

 

08:15:              ADP Employment

 

Since the prior close, some key stories:

 

–       Cotton up. Lumber too.

–       AAPL may gain as Military considers Smart Phones in the battlefield.

–       S&P cuts Ireland. Again.

–       Japan rallied 2% off of yesterday’s US move.

–       Fed passes China as largest holder of Treasuries, only half way through QE.

–       FED: QE may not end in June.

–       Wall Street Pay hits record. We need to move to Wall Street.

–       Republicans pledge “Careful Oversight” of Dodd-Frank, vow to “improve the parts that work, and change the parts that do not”. Big Banks, Brokers, and Exchanges as a result are expected to rise 850% today.

–       SEC Office Space deal probed. Big HFT firm offers to house SEC for free in their building.

–       TWC buying NAVI for $5.50

 

Earnings:

 

Pre-market:  AGN, AGYS, ALVR, AOL, ARW, ATMI, AVY, CAM, CGX, CINF, DWSN, EVR, GNW, HSP, HSY, IACI, KKR, LAZ, LVLT, LZ, MAN, MKTX, MMP, MRO, NCI, NDAQ, NJR, NMR, NSTC, NUS, NVO, ODFL, PC, PCCC, PMT, SU, TMO, TRR, TWX, WEC

 

After the Close: ACE, ADEP, AFFX, AFOP, AIZ, AMP, ASOL, ARE, ATW, AVB, BIRT, BMC, BRS, CACC, CACI, CDNS, CELL, CENT, CMO, CYMI, DNB, EQR, EW, EXPO, GMCR, HI, HIG, MTSN, NDN, NEWP, OTEX, RNOW, SFLY, SGMO, SIGI, SLH, STLY, SWM, SYMM, THQI, TSO, TTEK, UNM, V, VLNV, VMC, YUM

 

 

Significant Movers This Morning:

NAVI +33%, MNKD +10%, ERTS +10%, APKT +6%, LVLT up 5%, CME + 5%, ANN +4%, GNW – 7%, BRCM -6%, BSX -5%, WHR -4%