Morning Market Roundup (7/30/2012)

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Subject: The Most Pessimistic Countries in the World

War, economic crisis, poverty, disease and overpopulation threaten the well-being of people all over the planet, and yet most people are confident that their lives will be better in five years time. That is according to a survey of 147 countries conducted by Gallup in 2011. Based on Gallup’s survey, 24/7 Wall St. examined the 11 most pessimistic countries in the world.

As always, here are the top major media headline summaries from WSJ, FT and more. Today’s top analyst upgrades and downgrades were in shares of NLY, CSH, CIEN, CRUS, DE, LLY, FSLR, JPM, HP, PETM, PSX, PHM and SNDK. Here are the top rumors of the day and the most important financial news affecting the markets today.

It isn’t all bad in Europe. We found five of the big ADRs that are outperforming massively so far in 2012.

A word of caution in Facebook (NASDAQ: FB) bottom-fishing… Put options trading was active all the way down to the $19 strike price for August expirations as bets against it continue to mount.

The new White House revisions of its forecasts for the economy are unrealistic, but that does not matter. Most Americans don’t read them.

Workers around the world are concerned about their jobs today, according to new research. What is more important is what that does to the economy going forward.

The government may want to talk to former Avon (NYSE: AVP) CEO Andrea Jung as part of a bribery investigation. She probably did nothing wrong directly, but all ethics start at the top.

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Have a great day!

JON C. OGG

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