I have not been following market today but what's the reason for market turn around today? Was it some (insignificant) number coming lower then expected which would make the Fed pause to raise rates? Seem just a little one inch ant hill could make the Fed trip and postpone a long due rate hike, but I'm just guessing what the reason is for such a market move up when everything overseas is crumbling.
Well the Greek's are playing hardball - when they don't even have the ball in their court. This is blind man's bluff and will end very badly for Europe and world stock markets (as in CRASH).
Greek Finance Minister Yanis Varoufakis, stuck the boot to Germany/IMF on Tuesday, saying he would not present any new proposals to lenders at a meeting of euro zone finance ministers later this week, according to an interview with German newspaper Bild.
up to Monday when Greece PM says "we raise pension payouts, reduce work week to three days and charge immigrants floating over from Africa beach tags fees". Now this is called governing and keeps the electorate very happy.
The tone of comments from European officials had turned more negative in the past week, suggesting that Greece may be running out supporters, if not make more enemies. Let's see how the market reacts tomorrow when Greece PM and Finance Minister say "Give us Billions in Euros Now or We're Gone".
According to report EU official said recent Greek reform proposal was so disappointing "a dog wouldn't do his thing on it". Now that's what you call BAD.
Yea I saw that too.
Juncker just told Greece - pay your debt, cut pensions, reduce bloated salaries, sell Country property or leave ASAP. The open space between these two side (the ECB, IMF, EU on one side and Syriza party on the other) are so far apart that you can squeeze the "Colossus of Rhodes" statue in between and still see the train wreck coming a mile away. Tvix set to double before the month is out.
"The Street" seems to love FireEye right now. And so should you.
For FireEye bad news means good business.
The bad news comes in the form of corporations that have either suffered cyberattacks on their computer networks or want to prevent such attacks from happening. The good business results come to FireEye as the companies seek software to keep the bad guys out and stop those who may have found a way inside of their operations.
"The company has become the Navy SEALs of cybersecurity," said Daniel Ives, an analyst with FBR & Co. Ives called the deal with Visa "a big partnership which speaks to the seriousness that financial stalwarts like Visa are viewing threats to customers on the cyber front." For Visa, FireEye will run a web-based service meant to improve ways of getting intelligence on cyberthreats. FireEye will basically become the police service watching over Visa's network.
Default T-10 Days for Greece.
Lawmakers from Greece's ruling Syriza party reacted with dismay and fury on Thursday to a package of reforms creditors offered Prime Minister Alexis Tsipras in return for cash, with one senior party official calling it a "murderous" proposal. The starkly negative reaction points to a growing risk of a rift or outright revolt within the radical leftist party, which could prompt Prime Minister Alexis Tsipras to resort to early elections to overcome divisions and win acceptance for a deal. Avgi, the Syriza party newspaper headlined its Thursday edition: "A continuation of austerity? No, thanks!", while the top-selling daily Ta Nea splashed: "Death toll required for an agreement."
bagels_and_bacon had his brains scrambled years ago, but he still has two fingers left to post garbage. WWIII could be just around the corner unless Obama gets a "Set" quick.
and when that happens the stock zoom back to its all time high - which is very near $100 a share. When you start lining up 10, 20, 30 Fortune 500 companies to partner with - you know Feye share price is going to rocket way higher.
so I suggest everyone take a taxi or start walking as fast as you can to distance yourself from a "Major Correction". Sure ECB can print money but when what good does that do when Europe gets hit over the head with a half a trillion time bomb about to go off when Greece says "Bye Bye".
They will roll 1.7 billion IOU payment for June into one ball. Then at the end of the month they will stuff the bloated ball down the German's throat and default. So be prepared for a market sell off the likes of which have not been seen for a while as Greece get prepared to exit and tell the IMF enjoy you billions in Greek debt that will never ever be paid back.
OK so projections going forward look bad - which in turn should cause a market sell off. But you need to let the board know when bad financial news in no long good news to world stock markets. We have been in a 6 year trend when good news is good news and bad news is good news (via delayed rate hike). So let us know when we can get off the merry go round and see a market correction instead of up, up and away.
Syrzia calls the shots - not Merkel and gang. And if the Greek's have another election they will be in default land way before they vote.
Fresh divisions opened up in the Greek government on Monday night after the administration’s nominated representative to the International Monetary Fund was forced to step down following a revolt from within the Syriza Party.