Monorail.... Monorail...Monorail...Is Coming To A Broke State Near You
First Springfield.... Now California.Unfortunately, we are not kidding: not even a day after Obama came pleading for more fiscal stimulus, and already California governor Jerry Brown is saying that the...
View ArticleES Closed As Gold Continues Trading, Passes $1900
All stock jockeys can now step away from the terminal: both Europe and ES are now closed until late this afternoon which means the E-Trade momentum chasing baby will have to suffer its losses for at...
View ArticleDavid Tepper Is Balls To The Wall In Cash
For those wondering why David Tepper will be strangely missing from CNBC for his annual pre-QE cheerleading appearance, we now have the answer. As Institutional Investor reports, the Appalloosa head...
View ArticleFrontrunning: September 8
Yuan Convertible By 2015: China to EU Chamber (Bloomberg) European Bailout Tensions Threaten German Coalition (WSJ)Greek backsliding sparks euro exit talk (Reuters)Perry, Romney Clash at Debate...
View ArticleMan Arrested In Sting Operation For Intending To Blow Up Pentagon, Capitol
Diversion time. According to The Hill, in an elaborate sting/entrapment operation, the FBI arrested Rezwan Ferdaus for plotting to use drone airplanes loaded with C4 explosives and fly them into the...
View ArticleHas The Simple Retail Investor Become Smarter Than Sophisticated QIBs?
There was a time when retail investors were mocked and derided by all: after all whenever the big boys needed to unload they jest blew the whistle, and like obedient lap dogs retail would buy at the...
View ArticleFacebook IPO: Once Again, Wall Street Wins, Muppets Lose
By EconMattersWe warned of a social network tech bubble 2.0 over a year ago due to the hype and overvaluation of Facebook based on the reported deals by Goldman Sacks and a Russian investment...
View ArticleChart Of The Day: Global Household Assets
Shortly after posting the latest "balance sheet" of the US consumer we received requests to show how this looks in a global context, in other words, what do the balance sheets of the global households...
View ArticleFrontrunning: October 19
Debt Fuels a Dividend Boom - Firms Collect Payouts, and Investors Get Yield; 'Reminiscent of the Bubble Era' (WSJ)Black Monday Echoes With Computers Failing to Restore Confidence (BBG)Poll: Obama Leads...
View ArticleFINRA Arrives After The Fact To Put Out The Fire Caused By Burning Apples At...
WSJ.com reports: The Financial Industry Regulatory Authority is investigating alleged unauthorized trading at Rochdale Securities LLCDaniel Crowley, Rochdale's president, said Finra, a Wall Street...
View ArticleFrontrunning: January 25
Fed Pushes Into ‘Uncharted Territory’ With Record Assets (BBG)Next up in the currency wars: Korea - Samsung Drops on $2.8 Billion Won Profit-Cut Prediction (BBG)China Warns ‘Hot Money’ Inflows Possible...
View ArticleFrontrunning: March 11
One in four Germans would back anti-euro party (Reuters)EU Chiefs Seeking to Stave Off Euro Crisis Turn to Cyprus (BBG)Ryan Says His Budget Would Slow Annual Spending Growth to 3.4% (BBG)Goldman leads...
View ArticleBank Of Japan May Buy Derivatives Next
Because having legal authority to buy corporate bonds, ETFs and REITs, in addition to everything else the Fed now buys, is apparently not enough to crush, mangle and suicide its currency, the BOJ is...
View ArticleCarnival Becoming A Circus As Another Cruise Ship Suffers "Power Outages,...
While "this time may be different" for the centrally-planned stock market, every historic example of subsequent ruin notwithstanding, the very recent past is again hitting Carnival Cruise Lines with a...
View ArticleFrontrunning: April 19
Police Searching for 19-Year-Old Boston Bombing Suspect (BBG)Mayhem Erupts in Boston After MIT Campus Officer Slain (BBG)Elvis Impersonator Accused of Ricin Letters Sowing Fear (BBG)Blackstone Pulls...
View ArticleProducer Prices Plunge, Empire Fed Slides To First Negative Print Since January
One of these days we might just get a positive economic print, of the kind that the meandering Tepper was saying is visible everywhere now. Just not yet. Moments ago we got the releases of the May PPI...
View ArticleJapan Stocks, US Futures Surge On Japan Market Open
Update: rumor of Price Keeping Operation in Japan. If correct, this means that the BOJ's $70 billion per month injection is no longer sufficient, that the BOJ's credibility is being actively questioned...
View ArticleReuters Admits To "Inadvertently" Leaking ISM Data 15 Milliseconds Early To...
Back on Monday, following the huge miss in the Manufacturing ISM, in collaboration with Nanex, we exposed yet another instance of blatant headline data frontrunning in "15 Milliseconds Of HFT Fame:...
View ArticleBonds Burned By Ugly, Tailing 30 Year Auction
Following the 3 and 10 year auctions in the last two days, today's 30 Year $13 billion reopening completed the trifecta of ugliness, pricing at a surprisingly wide 3.355%, or three whole basis points...
View ArticleHilsy Come; FT Go!
This is what our 'markets' have become... Beware the VWAP (1633.50) ramp... and the Harding Tweet to chill out... But people need to chill out. The Fed does not leak anything to any journalist to...
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