Posts Tagged ‘ Greek Debt ’

Is Greek Contagion Crushing Crude Oil?

May 6th, 2010 | By Rob
Is Greek Contagion Crushing Crude Oil?

Crude Oil has reluctantly played follow the leader with U.S. equities for much of the past 12 months. More recently, fundamentals took a back seat to short term speculation as risk takers drove the price of hot button commodities up with stocks. Crude has been in a holding range between $80 and $87/barrel for all of March and April, but in the past two trading sessions NYMEX WTI crude plunged directly from the top to the bottom of that range.



Goldman, Greece Kick Market Rally’s Tires

Apr 18th, 2010 | By Rob
Goldman, Greece Kick Market Rally’s Tires

If you ducked out of the office for a three day weekend and missed the news regarding Goldman Sachs and Greece on Friday, you may be rolling up your sleeves to a few surprises that will cast a dark shadow on the April 19 week’s market action.

Mainly, Goldman Sachs (GS) has been charged with fraud by the Securities and Exchange Commission (SEC), linked to a Credit Default Swap (CDS) mechanism known as “Abacus”.



Bloomberg Finds Greek Bonds on Bill Gross’ Black List

Mar 26th, 2010 | By Rob
Bloomberg Finds Greek Bonds on Bill Gross’ Black List

The “bond king” of PIMCO, Bill Gross, tells Bloomberg and the world his strategy on the issue of Greek debt… “Stay away!” In the interview, Gross explains recent moves of the Absolute Return PIMCO fund, including record low holdings of Long Term U.S. debt and increased holdings of “core” European bonds, most notably Germany. Having
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