Wednesday, June 10, 2009

Wednesday premarket

AlphaNinja - Futures indicating the SP500, Nasdaq will open +1%. Home Depot (HD) +2.6% after guiding earnings up - sees "flat to down 7%" versus previous expectations of down 7%.

SCOTUS refuses to even evaluate the merits of the Chrysler bondholders' objections.

Treasuries down on rumors Russia may look to park cash elsewhere. Can't blame them.

NYTimes suggests that default would be a horrible option for California.

Remaking Michigan, sans auto.

In a WSJ op-ed, Arthur LAffer sees inflation, higher interest rates.

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