Wednesday, June 20, 2007

Pre market

The markets in Asia are mostly green though Shanghai looks like it may have put in a double top with a strong reversal in the final session. The markets in Europe are all bullish.

Morgan Stanley saw a 40% rise in profit on gains in stock trading and bonds as well as investment banking fees. MS is up in pre market along with the other big I-Banks.

FedEx saw an increase in quarterly profit as international shipments continue growing.Domestic shipments continue declining reflecting a slowing US economy.

AT&T maybe a bigger beneficiary from the iPhone than Apple as people switch over. Perhaps a trade might be long T and short VZ Q and S.

Blackstone is moving up its IPO date. Could this be perhaps because President Bush's Yale roommate and current Blackstone chairman Stephen A.Schwarzman has gotten the signal from his 'friends' in high places that the days of liquidity are ending soon and he needs to cash out fast ?

Stocks to Watch
GOOG AAPL RIMM AMZN SNDK MU BIDU HANS CROX MS GS YHOO GE DNA EXPE

Keep an Eye on
  • Price of Gold and Silver
  • Oil prices
  • US dollar
  • 10 year bond yield
  • Yen

Pre Market stock futures are indicating a very bullish open. The 10 yr bond yield continues to ease though I feel it is nearing support at 5%. Could a second market reversal occur at this point ?

5 comments:

Anonymous said...

Your blog is going downhill in a hurry. All the links in the text make it hard to read, and they are meaningless. You are assuming a pretty low iq of your readership by linking to all that garbage.

Anonymous said...

I am referring to your ads for lowpriceshopper dot com and credit cards from wachovia etc. All found within the text - LAME.

CapitalGame said...

Don't run the cursor over the link. Problem solved.

Anonymous said...

fuck you asshole

CapitalGame said...

Thank you. I am the worlds biggest asshole and I love it .