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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Jacob Snyder who wrote (155984)8/25/2011 4:18:05 PM
From: Jacob Snyder1 Recommendation  Read Replies (1) of 206085
 
recession watch:

Philly Fed's broadest measure of manufacturing conditions, (the diffusion index of current activity)...is now at its lowest level since March 2009:
http://seekingalpha.com/article/288299-philly-fed-shows-bleak-economy-headed-for-nosedive

The market for "junk" bonds is enduring its worst rout since the depths of the financial crisis....Demand for high-yield bonds sold by the riskiest U.S. companies has nearly dried up, an ominous sign for low-rated companies... online.wsj.com

Greek Default Fears Rise...Yields on Greek two-year bonds rocketed to a record of over 43% Thursday... online.wsj.com

Several European governments extended a ban on short selling of financial shares Thursday, seeking to keep a lid on volatility in European banking stocks amid deep bearishness on the sector.

Gadhafi...called for supporters to fight to "martyrdom or victory." online.wsj.com

Warren Buffett's Berkshire Hathaway Inc. will invest $5 billion in Bank of America Corp., giving the nation's biggest bank a vote of confidence amid questions about the credibility of its management. The investment, similar to Mr. Buffett's move with Goldman Sachs Group Inc. three years ago, comes as Wall Street has wondered if Bank of America would be able to raise enough capital to meet new global standards. online.wsj.com [why does BAC need Buffett's money?]

disclosure: long energy, short Treasuries

this post is a continuation of Message 27566955
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