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From Zero Hedge: Yes, we know it doesn’t matter because Ben & Mario have got our backs at whatever multiple is required to levitate the economy market, but as Citi’s credit desk points out; despite the constant chatter about EPS beats (despite top-line misses), the trick is that analysts have been dragging down expectations since the earnings-cycle began and so judging “misses” must be done against a “frozen” pre-earnings number. If we do [...] Yes, we know it doesn’t matter because Ben & Mario have got our backs at whatever multiple is required to levitate the economy market, but as Citi’s credit desk points out; despite the constant chatter about EPS beats (despite top-line misses), the trick is that analysts have been dragging down expectations since the earnings-cycle began and so judging ‘misses’ must be done against a ‘frozen’ pre-earnings number. If we do this ‘fair’ approach [...] Turmoil in Europe is coming to a head, and we will see a peak in the stress there in the next few months, Nomura analysts believe.
And ultimately, the only way out of the ensuing panic will be action from the European Central Bank. “Since last year we’ve had this idea that we’re going to be reaching a peak, that Q2/Q3 will be a decisive moment for the crisis in Europe,” Nomura’s Global Head [...] From GoldCore: Gold To Repeat April, May and Q2 / Q3 2011 Gains in 2012? Gold’s London AM fix this morning was USD 1,670.50, EUR 1,269.86, and GBP 1,048.91 per ounce. Yesterday’s AM fix was USD 1,655.50, EUR 1,261.33 and GBP 1,039.04 per ounce. Silver is trading at $32.39/oz, €24.53/oz and £20.27/oz. Platinum is trading at $1,597.50/oz, palladium at $644/oz and rhodium at $1,350/oz. Cross Currency Table – (Bloomberg) Gold rose $17.10 or 1.03% in New [...] |
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