Short DAX at 7740

State Street rises 9% premarket

State Street were up more than 9% premarket Wednesday. The company said Wednesday morning it expects higher-than-expected second-quarter net income to be 93 cents a share on an operating basis, on $2.2 billion in revenues, due to improved revenue trends.

Bank of New York Mellon shares rise 4% in preopen...

Family Dollar shares fall 4.7% in preopen trade ....
 
Quote from Alexandre:

these stress tests are uber-bulls..t, we all know that. Just another trading opportunity.
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You mean similar bullsh1t like the stress tests in the US of A ? I recall these stress tests and market reaction very well...
 
Quote from ASusilovic:

You mean similar bullsh1t like the stress tests in the US of A ? I recall these stress tests and market reaction very well...
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I'm not saying the US is better than Europe, they have different problems but they rank the same in terms of crapiness, I'm completely indifferent. What's important is to make money.
 
Quote from Alexandre:

What's important is to make money.
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That´s right or to express it in Gordon Gekko´s words :

The point is, ladies and gentleman, that greed -- for lack of a better word -- is good.

Greed is right.

Greed works.

Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.

Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.
 
Quote from ASusilovic:

That´s right or to express it in Gordon Gekko´s words :

The point is, ladies and gentleman, that greed -- for lack of a better word -- is good.

Greed is right.

Greed works.

Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.

Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.
More...

I agree with last 2 points and the fact that greed is incorrect word.
However, I don't consider greed to be very good or right therefore I'm disappointed in mankind.
 
European banking regulators have told lenders that their planned stress tests may assume a loss of about 17 percent on Greek government debt and 3 percent on Spanish bonds, according to two people briefed on the talks.

There are unlikely to be so-called haircuts on German government securities under the stress tests being overseen by the Committee of European Banking Supervisors, said the people, who declined to be identified because the talks are private. CEBS is still weighing how much data to disclose and when, a European Union official familiar with the talks said.
 
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