Insiders Trading Report for April 4

Traders at the NYSEThe ADP report couldn’t save stocks yesterday. European concerns that were shrugged off last week came back with a vengeance. The anemic Spanish bond auction sent the broader market reeling. The ISM services miss also did not help the cause of the bulls and sent the bears stampeding through the major indices.

While growth concerns are creeping back into the market, the focus will be on the jobs report. If labor strength continues, the US markets could end up decoupling from European markets and continue higher.

The Dow closed down 125 points yesterday. The Nasdaq and S&P 500 both closed down 45 and 14 respectively. [Read more...]

Futures Whipsaw on Chinese Comments And Murky Greek Deal. Stocks to Watch: ZNGA, RENN, BCRX, CLWR, LGF, AAPL, CMCSA

Another day, more ‘soothing’ comments from China regarding the EU crisis. If you are thinking you have seen this movie before, you have. And yet here we sit, still in the midst of the crisis. Overnight, Chinese officials announced they have confidence that the EU can resolve the crisis. Judging by the canceled finance ministers meeting, I think they need to borrow some of China’s mojo. After they completely sell-out their continent.

Reports are out now that the the Greek deal will possibly placed on hold. Greek politicians have been trying to stake out positions in the run-up to elections. Come to find out austerity induces Great Depression symptoms among your populace. Who would have guessed wiping out a chunk of your workforce would cause a rise in joblessness? Then that would lead to a rise in poverty and social unrest? I mean the IMF is only stacked with PhDs. Can’t expect them to know everything I guess. [Read more...]

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