To Market! Headlines, Recommendations, The Fed, Real Estate!

Several on FOMC Said Easing May Be Needed on Faltering: 'downside risks to the forecast' - Love that - ha! http://mobile.bloomberg.com/news/2012-05-17/several-on-fomc-said-easing-may-be-needed-on-faltering?category=%2F #in #tcot

Fed officials keep door open on easing, eye risks: Risks to the outlook broadly balanced, AND dark clouds! http://in.reuters.com/article/2012/05/16/usa-fed-idINDEE84F0J720120516 #in #tcot

@SpeakerBoehner Senate Democrats unanimously rejected President Obama’s budget. Again. http://bit.ly/L7yJke #GOP has a better plan #4jobs

Jumping off the fiscal cliff: @SpeakerBoehner tells Obama to cross debt ceiling, tax hikes off his ‘to-do’ list http://www.washingtontimes.com/news/2012/may/16/jumping-off-the-fiscal-cliff/ #tcot

0 - 513: Obama's Budget Now a National Laughingstock: AND, The House passed 28 jobs bills now blocked by Sen Dems http://www.speaker.gov/general/0-513-obamas-budget-now-national-laughingstock #tcot

Last wk, the House voted to reduce the deficit by an addtl $242.8B while protecting our troops and their families http://www.speaker.gov/general/0-513-obamas-budget-now-national-laughingstock #tcot

Last weeks' jobless claims revised up to 370K, remains unchanged this week. #in #tcot

CHART OF THE DAY: Greece's Big Run http://www.businessinsider.com/chart-of-the-day-greeces-big-run-2012-5 'deposit flight!', 'fears of a Grexit get even more real.' Wow. #in #tcot

Will the Dow Make It Five In a Row?: The Street is pleased with $WMT's earnings results http://www.schaeffersresearch.com/commentary/content/ezines/will+the+dow+make+it+five+in+a+row/openingview.aspx?id=111171 #in #tcot

Agilent to Buy Diagnostics Firm Dako for $2.2B http://www.bloomberg.com/news/2012-05-17/agilent-to-buy-dako-cancer-diagnostics-company-for-2-2-billion.html Berkshire Buys Media Gen’s Newspapers for $142M http://www.bloomberg.com/news/2012-05-17/berkshire-buys-media-general-s-newspapers-for-142-million.html

Paulson Says He Likes CVR Energy as Icahn (owner of 69%of the shares) May Resell It http://www.bloomberg.com/news/2012-05-17/paulson-says-he-likes-cvr-energy-as-icahn-may-resell-it.html $CVI #in #tcot

And Now JP Morgan's $2B Trading Loss Is Already $3B (And Counting): Dimon said it could get worse...and it is http://www.businessinsider.com/jp-morgan-loss-grows-2012-5 #in #tcot

BANNED FROM THE USA: Billionaire Facebook Cofounder Could Be Barred From America After Renouncing Citizenship http://www.businessinsider.com/banned-from-the-usa-billionaire-facebook-cofounder-could-be-barred-from-america-after-renouncing-citizenship-2012-5 $FB #tcot

Freeport-McMoRan Bears Calling for Continued Downside: $FCX put buyers roll a bearish position out and down http://www.schaeffersresearch.com/marketcenters/optionscenter/content/freeport-mcmoran+bears+calling+for+continued+downside/default.aspx?ID=111172 #in #tcot

Option Bulls Expect Yelp to Extend Its Bounce: $YELP attracted front-month call buyers ahead of expiration http://www.schaeffersresearch.com/marketcenters/optionscenter/content/option+bulls+expect+yelp+to+extend+its+bounce/default.aspx?ID=111174 #in #tcot

Analysts upwardly revised their ratings on Citrix Systems, http://Ctrip.com, and Herbalife http://www.schaeffersresearch.com/commentary/content/blogs/analyst+upgrades+ctxs+ctrp+and+hlf/trading_floor_blog.aspx?single=true&blogid=111173 $CTXS CTRP HLF #in #tcot

Analysts downwardly revised their ratings on Abercrombie & Fitch, E*Trade, and NetApp http://www.schaeffersresearch.com/commentary/content/blogs/analyst+downgrades+anf+etfc+and+ntap/trading_floor_blog.aspx?single=true&blogid=111175 $ANF ETFC NTAP #in #tcot

Sir Sean Connery at the Opening Bell - cool! Bond. James Bond!

Real Estate Crash In China: Foreign Funding Down 80%, Land Sales Down 57%, Starts Down 27% http://www.businessinsider.com/real-estate-crash-in-china-2012-5 But...but...yup. #in #tcot

The 10 Most Distressed Cities In America: Criteria: employment, housing, credit, household budgets, net worth http://www.businessinsider.com/here-are-the-most-distressed-cities-in-america-2012-5 #in #tcot

Some Thoughts On Apartments And The Future Of Rents: Completions might start catching up to absorption #in a year or 2 http://www.businessinsider.com/some-thoughts-on-apartments-and-the-future-of-rents-2012-5

A New York Judge Is Singlehandedly Blocking The Government's Indefinite Detention Provision http://www.businessinsider.com/a-new-york-judge-has-blocked-the-indefinite-detention-provision-in-the-ndaa-2012-5 We'll see. #tcot

RFK Jr.'s estranged wife, Mary Richardson Kennedy, found dead in NY: Autopsy for the 52yr old scheduled for Thur http://www.chron.com/news/article/RFK-Jr-s-estranged-wife-Mary-found-dead-in-NY-3563693.php #tcot

Mary Kennedy Took Her Own Life At Her Mt. Kisco Home http://abcnews.go.com/US/robert-kennedy-jrs-estranged-wife-mary-richardson-kennedy/story?id=16362607#.T7Trc3lYt3Y An apparent suicide http://usnews.msnbc.msn.com/_news/2012/05/17/11743450-estranged-kennedy-wifes-death-an-apparent-suicide?lite #tcot 

Updates Since 10am:

Leading economic indicators fall 0.1% in April, first decline since September http://www.marketwatch.com/story/leading-economic-indicators-fall-01-in-april-2012-05-17-100210?link=MW_home_latest_news #in #tcot

Mortgage rates at record lows as 30-yr at 3.79%: Avg 5yr Treasury-indexed hybrid ARM increased to 2.83% from 2.81% http://www.marketwatch.com/story/mortgage-rates-at-record-lows-as-30-yr-at-379-2012-05-17?link=MW_home_latest_news #in

Philly Fed manufacturing index plunges in May: falls to -5.8 from 8.5 in April, well below expectations http://www.marketwatch.com/story/philly-fed-manufacturing-index-plunges-in-may-2012-05-17?link=MW_home_latest_news #in #tcot

Treasurys gain, dollar stays up after Philly Fed: 10yr note yields fall 2 basis points to 1.75% http://www.marketwatch.com/story/treasurys-gain-dollar-stays-up-after-philly-fed-2012-05-17?link=MW_latest_news #in #tcot

BREAKING NEWS: CFTC SAID TO CONSIDER CHANGE TO DODD-FRANK SPECULATION LIMITS #tcot

New York Fed Delays $1.7B Maiden Lane III Debt Sale: Acquired during U.S. bailout of $AIG in 2008 http://www.bloomberg.com/news/2012-05-17/new-york-fed-said-to-postpone-sale-of-maiden-lane-iii-debt.html #in #tcot

Goldman to Cash Out $1B [almost half] of Facebook Holding in IPO, more than twice its original plan http://www.bloomberg.com/news/2012-05-17/goldman-to-cash-out-1-billion-of-facebook-holding-in-ipo.html $GS FB #in #tcot

Manufacturing in Philly Region Expectedly Shrank in May: 1st time #in 8 months, reflects drop in orders, employmt http://www.bloomberg.com/news/2012-05-17/philadelphia-fed-manufacturing-index-decreased-to-5-8-in-may.html #tcot

Stocks Drop as Spanish Debt Declines; $USD Advances: Moody’s set to downgrade ratings of Spanish banks today http://www.bloomberg.com/news/2012-05-17/dollar-falls-as-fed-signals-further-easing-oil-gold-rebound.html #in #tcot

CFTC Said to Consider Easing Dodd-Frank Speculation Limits for Oil, Natural Gas, Wheat, other Commodities... http://www.bloomberg.com/news/2012-05-17/cftc-said-to-consider-change-to-dodd-frank-speculation-limits.html #in #tcot