Nouriel Roubini, the New York University professor who predicted the 2008 financial crisis, and Eurasia Group president and founder Ian Bremmer talk with Bloomberg’s Tom Keene about the European debt crisis, this week’s EU summit and the coming perfect storm of sovereign risk becoming banking risk. Here is a direct link.
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The market is becoming more brutal with classic ‘airpocketism’, generally a bad sign in bear markets. CMG -23pts ORLY -17 AZO -14
Burritos, auto parts retailers. The bear is getting angry and very hungry.
US market in full-blown correction (bear)……Danielle, thanks for the reasons to be heads up…..
More collateral damage. CMG down 10 more points, the whole retail sector is weakening with ObamaCare passage mostly intact, adding 1.78/hr per worker. Guess which companies won’t offer health insurance now? HUM and Wellpoint hurting. PAYX is a dead giveaway on the state of employment. Down.