Financial Market Report for April 17, 2012
Euro Intelligence provides the best of news analysis. I suggest that one purchase its daily newsletter which relates that if Hollande wins, Martine Aubry would be the frontrunner for becoming prime minister
Wikipedia relates that she was born 8 August 1950) is a French politician. She has been the First Secretary of the French Socialist Party (Parti Socialiste, or PS) since November 2008 and Mayor of Lille (Nord) since March 2001. Her father, Jacques Delors, served as Minister of Finance under President François Mitterrand and was also President of the European Commission.
Martine Aubry joined the PS in 1974 and was appointed Minister of Labour by Prime Minister Édith Cresson in 1991, but lost her position in 1993 after the Right won the legislative elections. However, she became Minister of Social Affairs when Lionel Jospin was appointed Prime Minister in 1997. She is mostly known for having pushed the popular 35-hour workweek law, known as the “Loi Aubry”, reducing the nominal length of the normal full-time working week from 39 to 35 hours, and the law that created the Couverture maladie universelle (Universal health care coverage).
Aubry stepped down from her Cabinet post in 2001 to be elected Mayor of Lille in place of Pierre Mauroy. Aubry subsequently lost her seat in the National Assembly in the general election of 2002. In March 2008, she was reelected Mayor of Lille, with 66.55% of the votes.
In November 2008, she was elected to lead the Socialist Party, narrowly defeating Ségolène Royal; while Royal disputed the results, the Socialist Party declared on November 25, 2008 that Aubry had won the contested election. On 28 June 2011, Martine Aubry announced she would seek the Socialist nomination to run in the 2012 presidential election, ultimately losing to her predecessor as First Secretary, François Hollande.
The Wikipedia profile communicates that Martine Aubry is a European Socialist extraordinaire. Martine Aubry is the very definition, epitome, and poster politician for European Socialism. If appointed prime minister, she is going to be very challenged to maintain her socialist persona. Her experience, leadership, and example, is 180 degrees opposite of the diktat persona and austerity persona that will typify the leadership of regional global governance, that is coming to rule the Euro zone.
Yesterday US regional banks rallied, and today many of the stocks have sold off the most during the start of the bear market rallied, and thus became good short selling opportunities, as in a bear market one sells into rallies, just like in a bull market, one buys into dips.
These included sector, Small Cap Value RZV. and industry, European Financials, EUFN, Semiconductor, XSD, and Biotechnology, XBI, Cloud Computing, SKYY, Networking, IGN, Copper Mining, COPX, and country shares, Sweden, EWD, The Industrial Electrical Equipment Shares, seen in this Finviz Screener rose sharply.
Philippines, EPHE, rose to a new high, as did Vietnam, VNM, as did Shopping Center REIT, Simon Property Group, SPG, as did Real Estate REIT, RWR, Essex Property Trust, ESS, and Avalonbay, AVB.