Financial report for July 1, 2011
Open Europe reports Germans Join The French In Rolling Over Greek Debt
Les Echos columnist Eric Le Boucher relates that no matter who will win the French presidential election, he will deliver blood and tears to the country. Reminding of the court of auditors recent warning that “the threat of a runaway debt development is a major risk”, Nicolas Sarkozy or the person who will beat him in 2012, will have no choice but to cut deeply into the French budget. “Cuts in social benefits and rising taxes, that is what the French can expect”.
Chart of TLT
Small Cap Industrial Shares, PSCI, such as Belden Cable, BDC, rise strongly.
Utilities, XLU, rise to a double high
NextEra Energy, NEE, rises to a double high
Idacorp, IDA, rises to a double high
Health Care Small Caps, PSCH, rise strongly
Health Care Providers, IHF, rose sharply,
Small Cap Revenue Shares, RWJ, rose strongly.
World Acceptance, WRLD, rose strongly.
Pharmaceuticals, XPH, rose strongly.
Consumer Discretionary, VCR, rose strongly,
Transportation, IYT, rose strongly
Growth shares such as small cap growth, RZG, rose strongly.
Credit Provider American Express, AXP, rose strongly.
Credit Provider Discover Financial Services, DFS, rose strongly.
Restaurant, Chipotle Mexican Grill, CMG,
Keywords and Symbold Sovereign Debt Default, CMG, TLT, PSCi, BDC, XLU, NEE, IDA, PSCH, IHF, RWJ, WRLD, XPH, VCR, IYT, RZG, JKH, IDX, AXP, DFS,