BAC says it has no evidence Wikileaks has a hard drive with incriminating emails about the bank.
The desks have been abuzz with the notion that Wikileaks will be "exposing" BAC early in 2011.
It seems Wikileaks withstood some powerful cyberattacks.
In his commentary, Marc Chandler believes that the ECB should expand its balance sheet and increase its bond purchase program -- much like our Federal Reserve. His thinking is that this could give risk assets over there a lift by reducing its debt concerns.
Good News From Chicago
With the Chicago, Richmond, Philly and Kansas City PMIs all uniformly better, color me ready for a rally into year-end.
ETFs for Water Concerns
If you believe that water scarcity will be an issue in 2011, consider these three ETFs.
There are several ways to "play" water scarcity. some exchange traded funds to consider include PHO, PIO and CGW.
China has about 23% of the world's population but only approximately 7% of the world's fresh water supply. Moreover, China's water resources are not distributed proportionately; the 550 million residents in the more industrialized northern area of the country are supported by only one-fifth of the fresh water and the 700 million in the southern region of China have the other 80% of the country's fresh water supply. The shared resources of water supply have been a focal point of conflict between China and India since the 1962 Indo-China War.