Fitch Ratings has had many reports today, but perhaps the largest call is a downgrade of Spain to “BBB” that has added some pressure to the Euro. Today’s downgrade took Spain’s Long-term foreign and…
Reports of what appears to be am effective government takeover of Bankia in Spain, ongoing debt and capital concerns of the banks, and borrowing costs approaching 7% are all culminating with the rest…
So much for any great help from the ECB, France, Germany, and any other entity being able to help the Euro stay together. Rumors have been out that nations have been instructed…
The Europeans need to make a decision soon. It is time to deal with Greece, then the markets can decide how they will deal with the Greek banking system. The baby-sitting and…
National Bank of Greece SA (NYSE: NBG) is not just up this Tuesday. It is up huge on a day where most investors would have assumed it would have been down. While…
Fitch has joined in on the European sovereign credit rating downgrades. First it was S&P, but we might argue that this should have mostly been factored in already. Is it a secret…
The market has not proven to be a price stability mechanism nor has it proven effective in being a price discovery mechanism. In a world where headlines out of lands of the…
Spain’s 3.5+ billion Euros 10-year debt auction was a bad auction and the yield went off at 6.975%. This is almost at the 7% threshold and the auction was looking for 4…
Jon C. Ogg The ratings agencies are at it again. We have noted that the PIIGS will continue to see downgrades and that is what we are seeing today. Fitch downgraded both Italy and Spain. Shares…
nationsonline.orgIf you are surprised about the newest crash scenario boiling up outside of Greece, this is something we have been covering routinely. While the beastly pace is surprising, how big of a…
Greece saved itself with its latest austerity measures. For a few months, maybe. If you have read about Greece’s woes and read about the bailout and rescue process, the real implication is…
Chances are good that you have heard of trading theories such as “The January Effect,” “The Super Bowl Effect,” and even the “Sell in May and Go Away!” trading strategies. What about…
We have an unusual cast of characters in this week’s version of THE UNUSUAL SUSPECTS for the week ahead, with almost none being tied to earnings. Some of the key stocks to…
It is not hard to find ADRs which have sold off by about 50%, and some are worse than that out of Europe. These shares are getting the double-whammy now with a…
Standard & Poor’s just hit the brakes on the markets, a day after cutting Greece and Portugal. The PIIGS are taking another toll, with the cut today being the long-term rating of…
