SATURDAY 2/21/15; Greece Bailout Aftermath

Euro 1.1378. Dollar/yen 119.01. Pound 1.5396 US dollar index 94.32. WTIC oil 50.81. Brent oil 60.10. Natural gas 2.95. Gold 1205. Silver 16.27. Copper 2.59.

US Treasury yields are; 2-year 0.64%, 5-year 1.59%, 10-year 2.12%, 30-year 2.72%. German bund 0.393%. Japan 10-year yield 0.388%.

The smoke clears after the Greece bailout agreement that launched the US stock market higher into 














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Thousands of flights are cancelled and air travel schedules are delayed by many hours due to winter storms in the western states as well as up the eastern seaboard.

SBUX plans to stop selling CD’s in its popular coffee shops. Starbucks is expected to replace the CD’s with smaller Starbucks-branded digital download cards. SBUX traded marginally lower in afterhours trading last evening.

The retail sector casualties continue with skimpy lingerie seller Frederick’s of Hollywood planning to close over 30% of its stores. Conversely, L Brands is a huge success story this year with the skimpy Victoria’s Secret lingerie dancing off the shelves in record amounts. LB stock has doubled and more, from 40 to over 90, during the last two years. The retail bankruptcy list of failures increases including RadioShack, Cache, Wet Seal, C Wonder and Sky Mall. There are eight notable retail bankruptcies over the last year matching the number from the entire prior five-year period.