Street Halts Losing Streak Despite Sour Mood On Euro Demise, Cisco Outlook

The Mole submits: Nasty end to a rollercoaster week as sovereign debt worries continued to trump some decent US economic data Friday. Crude oil slipped below $70bn and the Euro slumps sub 1.23 versus the USD as investors realize the solutions to the current fiscal crisis are all growth negative. I’d thought Friday would be a relatively quiet holiday thinned session but it pretty much all ended in tears.

Kid Dynamite submits: From Yahoo: "Stocks snap losing streak as investors look past Greece to retail sales." I would link to the article, but it would only make your head hurt, and the headline doesn't appear on the linked version for some reason. Losing streak? Wow... that's an interesting way to describe the rally since February 8th, where the S&P 500 has rallied in excess of 11%, with up days outnumbering down days roughly, what... 6-1?

By Qineqt: U.S. - Canada Housing Update

By Jarred Cummans:Investors rejoiced as Tuesday turned out to be a massive day for most asset classes. The Dow racked up an impressive 340 point gain while the S&P jumped by nearly 3%. Ten-year bond prices saw a stellar jump of nearly 6.2% on euro hopes as well as better than expected housing starts, bringing markets a big winning day after a disappointing string of trading sessions. Gold is another asset that was able to snap its losing streak on the day, as it jumped a healthy 1.3% on the day.

Kyle Felciano submits: Cisco Systems, Inc. (CSCO) designs, manufactures and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. The Company provides a line of products for transporting data, voice, and video within buildings, across campuses, and around the world.

Europe's inner currency cabal ruled out "stupid" calls on markets for 340 billion euros of Greek debt to be restructured, as speculation soared that the government in Athens could exit the currency area and with it the EU.Luxembourg Prime Minister Jean-Claude Juncker dismissed growing claims a write-down would be needed after late-night talks among G20 eurozone states prompted by worries in the United States and at the IMF that saw Greek Finance Minister George Papaconstantinou summoned for what one EU official described as a dressing-down.

Larry Dignan (ZDNet) submits: In August, Cisco CEO John Chambers saw “unusual uncertainty” among IT buyers. Chambers also disappointed Wall Street with its outlook in November due a slowdown in government spending.