With a strong G.N.P growth in Chile(over 5 percent for quarter and upgrade from Goldman Sachs for Freeport-McMoRan copper & Gold bows well for copper,hence,a strong sign of recovery for global economy.
The cycle paths in the E.U want to tax bank deposits in Cyrus.got money from the big bad Russians I guess,but may backfire.Rumor has it,Gazprom might come rescue for right to oil & gas from Cyrus.The cure might worse then disease,in either case it's lose,lose for Cyrus.So much for a day in sun,the easy life of Mediterranean may not be so mellow anymore.
Yesterday,heard on Bloomberg T.V Dick Bove being very bullish on bank stock,indeed,defended,Jamie Dimon.When pistol girl(Stefanie Ruhle) mention how much Jamie Dimon lied,Bove said,"maybe we should wash his mouth out with soap" and then went on to defend Dimon for moving quickly to made right his mistakes.
Yesterday Charles Payne on Fox Business News,remanded Caterpillar,everybody's favorite stock today that in malaise's,but great company but underpricing?Maybe,but remember back 2008 it was under 30 now over 90 but it is great company and if copper is on the rise maybe Caterpillar will be too!
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