10-05/06 :: May/June 2010

nanotimes Trends Quotes

“But the truth is that policy makers aren’t doing too much; they’re doing too little. Recent data don’t suggest that America is heading for a Greece-style collapse of investor confidence. Instead, they suggest that we may be heading for a Japan-style lost decade, trapped in a prolonged era of high unemployment and slow growth. (..). Will the worst happen? Not necessarily. Maybe the economic measures already taken will end up doing the trick, jump-starting a self-sustaining recovery. Certainly, that’s what we’re all hoping. But hope is not a plan.”

Paul Krugman: Lost Decade Looming?, In: NYT, May 20, 2010

“A surge in the cost to insure bank debt against de- fault, the collapse in the new issue bond market for financial institutions and the steady jump in inter- bank lending rates all tell the same story: the threat of another crisis in the sector is growing.”

David Oakley: Worries over banking stress tests fuel anxiety, In: FT.com, June 14, 2010

“It’s time to go in and take the other side. It [Euro] got beaten down so much.” Jim Rogers, In: Ben Sills: Jim Rogers Buys Euros, Says Bailouts Destroy Currency (Update2), In: Bloomberg Business Week, June 16, 2010

“The percentage of corporate bonds considered in distress is at the highest in six months, a sign debt investors expect the economy to slow and defaults to rise. The number of speculative-grade compa- nies worldwide with yields at least 10 percentage points more than government bonds climbed to 399 this month, or 16.7 percent of the total, the highest share since December, according to Bank of America Merrill Lynch index data. The ratio compares with 9.2 percent on April 30, which was the lowest since November 2007.”

Bryan Keogh and John Detrixhe: Bond Distress Rises as Goldman, JPMorgan Vary on Defaults: Credit Markets, In: Bloomberg, June 28, 2010

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Biggest Gainers /Decliners

A123 Systems (AONE) -7.24% (05/17/2010) +11.35% (05/26/2010)

+9.57% (06/15/2010) +6.74% (06/23/2010)

CombiMatrix (CBMX) -17.45% (06/01/2010) +9.96% (06/18/2010)

-10.74% (06/22/2010) +20.33% (06/24/2010)

Keithley Instruments (KEI)

-6.9% (05/25/2010) +4.45% (06/23/2010) +5.15% (06/28/2010)