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Finance


2 days ago (via zerohedge.com)
Today's entire surge in stocks and EURUSD was predicated on nothing more than momentum ignited from rumors of a report that a deal was imminent. So now that Germany has come out and stated - unequivocally - that:*GERMAN GOVT SURPRISED BY GREEK REPORTS OF PROGRESS: OFFICIALOne might imagine some of the ramp would be removed.. and it is in EURUSD, but not in stocks. However, as JPMorgan warns "hope

2 days ago (via zerohedge.com)

2 days ago (via zerohedge.com)
I just saw this exciting offer to enter a contest for the chance to meet Hillary Clinton face-to-face. The responses to the tweet are, understandably, hilarious.

2 days ago (via zerohedge.com)
When companies have a burning need to boost their stock price and/or have no organic growth opportunities requiring fresh investment, they do one thing: engage in stock buybacks (usually funded with recently issued bonds). We first warned about the dangers of such a "strategy" in 2012, and most recently, earlier today the WSJ once again noted that "U.S. Firms Spend More on Buybacks Than Factories.

2 days ago (via zerohedge.com)
Overnight saw yet another dip at the open that was ripped by the close in Chinese markets as Year-to-Date gains for China's Shenzhen Composite now top 105%. With IPOs rising 500% with no down days, Charles Hugh-Smith unleashes his satirical sword to 'explain' just how idiotic this situation has become, and (as we detailed here) it will get worse...Of Two Minds could easily be wort

2 days ago (via zerohedge.com)
While careful to 'remain optimistic' KPCB's Mary Meeker warns that "growth rates for leaders... are slowing," and warns that global tech puiblic/private financings are now 17% above 1999 levels and "there are pockets of Internet company overvaluationbut there are also pockets of undervaluation," as she unveils her latest (record-breaking) 197-page epic chartapalooza

2 days ago (via zerohedge.com)
Submitted by Daniel Drew via Dark-Bid.com,Just when you thought you had seen it all, Nile Niami pulls another mansion out of his hat. The film producer and speculative real estate developer announced the asking price for the mansion he is building on a hill in Bel Air, the location where the memorable Fresh Prince of Bel Air TV show takes place. Unfortunately, Will Smith is not fresh enough for th

2 days ago (via zerohedge.com)
Meet Martin "The Hammer" Mallett, chief currencies dealer at the Bank of England in 2007, and, as WSJ reports, recipient of emails that were part of an alleged campaign to rig benchmark interest rates, according to evidence presented in a London trial Wednesday. Remarkably, as we have detailed extensively, the emails were sent out with daily suggestions for where a variety of banks shoul

2 days ago (via zerohedge.com)

2 days ago (via zerohedge.com)
Rumored - and denied - reports of an imminent Greek deal spewed momentum into stocks but for now, the 50% retracement level of the high-to-low swing is holding the exuberant equity market back... 




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