Goldman Raises Stop On Its Long Russell 2000 Reco, Cites Heightened Concerns...
Yesterday, it was Thomas Stolper who capitulated on his latest incursion into the field of 0.000 batting, when he closed his long EURUSD reco (only for the EUR to jump today of course). We can hardly...
View ArticleGuest Post: The Long Arm Of Uncle Sam Just Got Longer
Submitted by Simon Black of Sovereign Man The Long Arm Of Uncle Sam Just Got Longer This one's hot off the presses. Just yesterday, our friends at the Financial Crimes Enforcement Network (FinCEN)...
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America's Discretionary Spending Well Has Run Dry
The more we dig into the bones of President Obama's new budget plan, the more it becomes clear that, as JP Morgan's Michael Cembalest notes, the battles of the future (among our peak-polarized...
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While You Were Sleeping, Central Banks Flooded The World In Liquidity
There are those who have been waiting to buy undilutable precious metals in response to a headline announcement from the Fed that it is starting to buy up hundreds of billions of Treasurys or MBS....
View ArticleGuest Post: Do We Really Know Greece's Default Will Be Orderly?
Submitted by Charles Hugh Smith from Of Two Minds Do We Really Know Greece's Default Will Be Orderly? The market seems to be pricing in an orderly Greek default or a successful "firewall" around the...
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Greek 1 Year At 629%, Biggest One Day Jump In Yield Ever
Ze Price Stabeeleetee... One day yield moves. Self explanatory: charts via BBG
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Greek CAC Trigger Walk Thru
While we have done our best to explain what the implications are of the actions of the various parties in the Greek/German/ECB/Euro swap/default/CAC/PSI/Austerity events, it is perhaps worth one more...
View ArticleThe Triumvirate of Wall Street/ the Fed/ and US Politicians is Crumbling Pt 2
Months ago, I warned that a tsunami of litigation was going to be coming to Wall Street and Washington. At the time I noted that Goldman Sachs CEO Lloyd Blankfein had recently hired a mega-defense...
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Primary Dealers Quietly Brace For Impact: Total Dealer Treasury Holdings At...
While the rest of the world is conveniently distracted by events in Europe, where conventional wisdom dictates that even an all out default of Greece would be manageable, whatever that means, the smart...
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Guest Post: Beware The Ides Of March
Submitted by Clive Hale from View From The Bridge Beware The Ides Of March In the past week we have seen the Banks of Japan and China join the queue for printing ink along with the Fed, the Bank of...
View ArticleSuicide Bomber Arrested Near Capitol As Iranian Ships Cross Suez
It is time for the US administration to remind everyone that while every other piece of bad news may be priced into the markets in perpetuity, there is still geopolitics. Although that may also be...
View ArticleDaniel Hannan Channels Upton Sinclair, Warns "All The Options From Here Are Bad"
"All the options from here are bad, I am afraid" is how MEP Daniel Hannan describes the way forward in Europe in this FOX News interview. In one of the clearest and least status-quo-hugging...
View ArticleHorrible News For Goldbugs - Paulson Is Bullish On Gold Again; Next - Roubini?
We wish we had good news, but we are not going to lie: This is the worst possible news for any gold bull out there. From Bloomberg: Gold traders are getting more bullish after billionaire hedge-fund...
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WoRRieD ABouT DoMeSTiC TeRRoRiST THReaTS?
Lloyd's getting ready to go His twinkies are wired to blow If Ben won't inflate He'll self detonate A true terrorist CEO! The Limerick King
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Stocks Limp Higher As ES Volume Is Dismal
It seems everyone has positioned for what is to come as today was blah. The volume on the NYSE was decent which is expected given the OPEX but trading in the e-mini S&P futures contract (ES) was...
View ArticleThe Latest Market Craze: Stock Trading Robots Reacting To Stories Written...
It appears that while we were busy over the past month spreading the Greek pre- and post-bankruptcy balance sheet, and otherwise torturing Excel (something we urge other financial journalists to try...
View ArticleHoward Marks On The Lessons Learned As Chairman Of Penn's Endowment
Much has been said in the past about the world's largest university endowment fund - that of Harvard University, whose most famous overseer is the current Pimco CIO and part-time blogger Mohamed...
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