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ECB Ups ELA To Greece; Draghi Announces "End To Eurozone Crisis"; Euro Sinks To Eleven-Year Low
Today the euro sunk to a low last seen in August of 2003. One euro is now worth $1.10.
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Jobless Claims Rise To 10-Month High
New filings for unemployment benefits unexpectedly rose last week, reaching the highest level since last May.
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Las Vegas Sands: Hold For Now
Las Vegas Sands has been in the doghouse for some time now, and by the looks of it, there’s no end in sight.
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3 Things - New Highs, Dollar Rally, Margin Debt
There has been much commentary over the past week as the S&P 500 reached new highs. The issue, for me, is that these "new" highs look much like the old highs that we have seen since October of last year.
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Here’s Why Jobless Claims Suggest Blowout Nonfarm Payrolls But May Be A Canary In The Coal Mine
After running at all time record bubble levels since September 2013, initial jobless claims may finally be signaling that the central bank driven asset bubble economy may be beginning to crack.
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PayPal Acquires Israeli Cyber Security Startup CyActive
CyActive is one of the very few cyber security outfits on the market that can prevent cyber threats, not just identify and alleviate them. The deal is between $60-$80 million.
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Bitcoin – Stage Set For A Bullish Breakout, After 75% Decline
Bitcoin has had a rough couple of years, as it declined almost 75% from its highs in 2013. Over the past year its decline has taken place inside of a uniform falling channel.
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E AbbVie To Buy Pharmacyclics For $21 Billion In A Mixed Cash And Stock Deal
With the high-priced acquisition scheduled to close mid-year, shares of PCYC are up 10% to above $254 per share.
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EUR/USD Hits 1.09 Handle, Lowest Since Sept 2003
Draghi's devalued the Euro over 20% in 6 months...How much further?
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Global Debt Spinning Out Of Control
Economic commentator Jeremy Warner has published a new piece in which he argues that the world economy is overwhelmed with public and private debts. He believes one of the only ways out of this dire economic situation is some form of mass default across the globe.
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