Shake Off The Yoke Of Oppression
Submitted by Marla Singer on 06/30/2009 - 16:06The tyranny of email registration has been lifted.
May San Diego Home Sales Increase Revised From 89% to 6.5%
Submitted by Tyler Durden on 06/30/2009 - 16:06More and more economic data manipulation is coming to the fore, none of which as blatantly obvious as the California housing market. Some of it is palatable, but when home sales in San Diego get revised from 89% to 6.5% due to a "data glitch", it is no wonder that increasingly more Americans realize every single day they are being blatantly lied to by an Administration whose sole purpose in life is to give out 10 pair of rose-colored glasses to every possible voter in the next election.
The NYSE Responds to Zero Hedge
Submitted by Tyler Durden on 06/30/2009 - 14:38Zero Hedge is happy to present readers with the NYSE's response to the earlier post on dropping program trading data. I would love to see clarity on what it is that the NYSE classifies "account type indicator data" as opposed to old reliable DPTR. I imagine there will be significant statistical data adjustment post fact. Furthermore, in allowing the SLP program to go into effect on an expedited basis, the SEC said it did so because the program did not affect the protection of investors and impose any significant burden on competition.
Afternoon News Round Up
Submitted by Tyler Durden on 06/30/2009 - 14:30Wear Zero Support
Submitted by Tyler Durden on 06/30/2009 - 13:28
Since we started unraveling Project Enigma, we have been literally inundated with requests for Zero Hedge paraphernalia.
We have decided to give in.
Now is your chance to wear Zero support... proudly.
Matt Taibbi Retorts To Goldman's Retort
Submitted by Tyler Durden on 06/30/2009 - 12:50Round three of the Taibbi - Van Pragg welterweight death-match will be brought to you compliments of the MGM Mirage (in exchange for 3 bond coupon waivers).
In the meantime, here is Matt's Round 2.
NYSE Halts Transparency, Feels Goldman Program Trading Disclosure Is Unnecessary
Submitted by Tyler Durden on 06/30/2009 - 12:28In a move set to infuriate and send many Zero Hedge readers over the top, the NYSE has taken action to make sure that nobody will henceforth be able to keep track of the complete dominance that Goldman Sachs exerts over the New York Stock Exchange. This basically ends our weekly Program Trading updates disclosed every Thursday indicating that Goldman has singlehandedly captured all of NYSE's program trading.
Just Whom Does Wachtell, Lipton, Rosen & Katz Represent?
Submitted by Tyler Durden on 06/30/2009 - 10:55It has been Zero Hedge's understanding that traditionally lobbies of any kind tend to at least make a tacit acknowledgment of their conflicts of interest. This is especially true when the "lobby" in particular is none other than Wall Street legal powerhouse Wachtell Lipton, which in a series of machine-gunned missives which Zero Hedge has recently obtained, did everything in its power to persuade the SEC to adopt every possible action that would essentially destroy short-sellers in the days after the Lehman collapse.
Confidence-Market Divergence Accelerates
Submitted by Tyler Durden on 06/30/2009 - 09:56
The last time we got a -2.42 standard deviation between confidence and the market, things got real ugly, real fast.
Annotating Ben's Helicopteresque Mug
Submitted by Tyler Durden on 06/30/2009 - 09:07Zero Hedge's favorite artist Geoffrey Raymond hits the streets and captures the creative process in action. Also, for all who want to share their thoughts first hand (and thus become a part of history) on the "giant vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money", the annotation of the "Big Lloyd 3 (The Root)" will occur this Friday behind ground zero (85 Broad) - not to be confused with "Big Lloyd 1 (,6 Billion)". Pens will be provided.
Biggest Loan Movers: Week Of June 22
Submitted by Tyler Durden on 06/30/2009 - 08:44
Last week's best performers were the companies that either filed for bankruptcy or were on the verge of doing so. Last week's worst performers were the companies that either filed for bankruptcy or were on the verge of doing so.
Daily Highlights: 6.30.09
Submitted by Tyler Durden on 06/30/2009 - 08:11Frontrunning: June 30
Submitted by Tyler Durden on 06/30/2009 - 08:05PPT Hiring Mortgage Quant
Submitted by Tyler Durden on 06/29/2009 - 23:03
After throwing $1 trillion at the mortgage problem, the president's working group realized that it needed someone who actually knew what the problem was, so it hired TREPP a few weeks ago. And now that they have a cash flow modeling system, the gentle souls with the invisible hands have expanded their hiring efforts, with the latest fat fingered talent sought by the New York Fed being that of an MBS Quant.
