Here are today`s trading notes,
1) Pre-market is slightly lower - a short term correction is probably in the cards;
2) Eurozone keeps sending very alarming signs,
(a) German 2 year note yield drops to record low of 0.134%
(b) New ECB deposits hitting a new record: €486 billion
(c) the spanish economy is contracting fast
3) There are a few high profile downgrades today including Mastercard (MA), 3M (MMM), Coca-Cola (KO) and Ralph Lauren (RL) - analysts are catching up with earnings momentum loss
4) Hecla Mining (HL) is cutting 2012 silver production outlook - it`s getting hit very, very hard, down 14% at 5.03
On a leisure note, I watched a very competitive NBA match yesterday evening. The Thunders won in Memphis in a very tight duel.
Looking forward to an excellent league cup match in England later today. Manchester City will host Liverpool. That will be quite a match (I hope :)).
I take the chance to congratulate Leo Messi on his Balon d`Or award,
