Archive | June, 2009

Reflation trade turns cautious: 3% Market Sell-Off

get link The market had a broadbase sell-off today with weakness in all sectors especially commodity stocks such as energy and materials. The 30% rally since March 9th has come to a screeching halt. A global growth warning from the World bank gave a bleak report cutting estimates for 2009 from a 1.7% contraction to 2.9% contraction. […]

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H1N1 Flu Pandemic is here but Moderate in Severity

buy Pregabalin cheap Drug Stocks rally on Flu News On Thursday June 11,the WHO raised its alert on swine flu (H1N1) to the Phase 6 pandemic level calling further spread of the virus inevitable. The Director- General of WHO Dr. Margaret Chan said, “Globally we have good reason to believe that this pandemic, at least in its early […]

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Ten Year Treasury Auction drives Yield to 3.99%

go to site The reflation trade got a big boost from Treasuries today as the latest auction brought yields of close to 4%, much higher than the pricing of the May 9th delayed auction when yields were about 3.19%. The ongoing run on oil didn’t help matters as crude futures rose to $71.83 a rise of 1.84% a […]

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