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Daily Archives: 01/08/2011
Municide Update: Central Falls, RI Files for Chapter 9 Bankruptcy
By John Galt August 1, 2011 And another one bites the dust. From Fox Business Channel: Rhode Island City Files For Bankruptcy;Cites Labor Costs By Kelly Nolan Published August 01, 2011 Dow Jones Newswires –State-appointed receiver immediately reduces health benefits –Receiver also seeks court permission to void union contracts –State law protects general-obligation bondholders from default (Adds details on bankruptcy and comments from state-appointed receiver in first-fifth paragraphs; adds no market reaction details and analyst comments in 11th and 12th paragraphs; and details on local…
Goodbye Bull Market! 200 dma gone, Panic at your Convenience
by John Galt August 1, 2011 Just a quick noon time observation but the 200 day moving average on the S&P 500 is now history and below 1254 there is nothing but gravity and air. Could this be the long stalled panic sell off or do we bounce off of this year’s lows? Press your “PANIC” key now to get the Bernanke out there buying all the crappola to save our nation from uh, itself.
8/1 Equity Market Epic Fail in 5, 4, 3, 2…..
By John Galt August 1, 2011 Uh, so much for the Dow futures being up 180 last night….. Oops. Maybe the S&P 500 is roaring ahead to recoveryland: Oopsie again. MAYBE the NASDAQ and APPLEMANIA will save the day! Hmmmm…them damned TeaPartiers are sabotaging America once again. Maybe the dollar is surging against the Yen because after all, we’re just attempting to emulate them: Okay, can’t blame the Tea Party for this…let’s see if it is we can blame the Swiss: That pretty much sums…
8/1 CalOkie Bank Failure Charts Updated
By John Galt August 1, 2011 To view the charts which are eye openers, click on the link at the upper right hand corner or on this link below: CalOkie Bank Failure Charts
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