November 25th, 2015

Tyler Durden's picture

How Illiquid Are Bond ETFs, Really? (Spoiler Alert: Very!)

"The dealer market has collapsed, and all that's left are investors trading the same few bonds back and forth, leaving pricing services guessing with bigger and bigger margins of error on the real value of illiquid debt. That's the real problem. And it's not one the SEC can fix by targeting 'transcendent liquidity' in ETFs."


Tyler Durden's picture

Turkey Releases Alleged Recording Of Warning To Russian Pilot

“Unknown air traffic position onto Humeymim 020, redirect to 26 miles. This is Turkish Air Force speaking - en guard. You are approaching Turkish airspace. Change your heading south immediately."


Tyler Durden's picture

"We Reduced Our Short In The Euro" - Did Goldman Just Hint Draghi May Do Nothing Next Week

So if Draghi pulls a "Draghi" on December 3, and stuns the market by admitting he merely jawboned the ECB's "assured" easing to death, with the EUR now pricing in both a 15 bps rate cut and more QE, and thus making any actual by the ECB meaningless (and why should the ECB actually launch a bazooka round when jawboning is enough) you have been warned.


Tyler Durden's picture

U.S Drillers' Operating Losses Could Surge In 2016

What do you do when all of the low hanging fruit is gone? That question is one that oil producers are increasingly facing as they confront an oil price slump that is now more than a year old and shows no serious signs of abating.


Tyler Durden's picture

Who Said It? "A Short-Term Border Violation Can Never Be A Pretext For An Attack"

When it comes to NATO and the West you can always find a contradiction or two (or five) when it comes to foreign policy rhetoric which is why we weren’t at all surprised (although we were amused) with what we found when we decided to take a look back at what Erdogan said in 2012 after Assad’s air force shot down a Turkish F-4 phantom jet when it crossed into Syrian airspace.


Tyler Durden's picture

Oil Bounce Extends After US Oil Rig Count Continues To Plunge

A modest production cut this morning may - or may not - be 'correlated' with the fact that once again the oil rig count declined 9 to 555 rigs, tracking oil's slide. This is the 12th weekly drop in the last 13 weeks to the lowest since June 2010.


Tyler Durden's picture

US Taxpayer Faces $230 Million Loss As Spain's 'Solyndra' Files For Creditor Protection

"The future of the company seems very black," notes on trader as the bonds and stocks of Spanish renewbles form Abengoa lives up to its name and files for creditor protection, just as we warned was likely. With the stock crashing 70% to 28c and 4-month bonds trading at just 22c on the dollar, market participants face an almost total loss.. but, as we detailed previously, it is the American taxpayer - who thanks to Ex-Im Bank loans to keep this zombie alive - face losses of $230 million as Spain's Solyndra exposes another symptom of the Oligrachic ignorance of where the money comes from.


GoldCore's picture

Gold Market Goes Quiet - Do We Hear The Echo Of The Bottom?

“From the mass psychology perspective, Gold is very close to putting in a bottom.  Sentiment investors, contrarian investors and investors who are familiar with the concept of mass psychology should consider taking a closer look at the precious metal’s sector now”.


Tyler Durden's picture

Drone Whistleblower: Pilots Often High on Drugs; Refer To Kids As "Fun Size Terrorists"

U.S. drone operators are inflicting heavy civilian casualties and have developed an institutional culture callous to the death of children and other innocents, four former operators said at a press briefing today in New York. “We have seen the abuse firsthand... and we are horrified.”


Tyler Durden's picture

CEO Of Brazil's "Goldman Sachs" Is Arrested

Here is a sight that will never be seen in the US: the CEO of the country's largest investment bank arrested and perp walked after accusation we was part of the nation's largest corruption scandal.


Tyler Durden's picture

Atlanta Fed Slashes Q4 GDP Forecast

Just when you thought it was safe to hike rates, The Atlanta Fed takes an ax to its Q4 GDP forecast, smashing it to cycle lows following this morning's unexpected weakness in consumer spending.


Tyler Durden's picture

President Obama Explains Why Americans Should Keep Calm & Spend Amid Global Terror Alert - Live Feed

With Americans facing a day of travel and giving thanks tomorrow, President Obama is set to make a statement we presume urging everyone to get out and spend... but be more alert to bad guys...


Tyler Durden's picture

Unexpected Surge In Auction Demand For 7 Year Treasury

The 2 Year auction was strong, the 5 Year auction yesterday was mixed, but one word can best describe demand for today's issuance for "curve belly" 7 Year paper: blistering.


Tyler Durden's picture

Year-End Squeeze Begins As Predicted - "Most Shorted" Stocks Up 10x The Market This Week

The S&P 500 is up 0.44% in the last three days, a solid return for the buy-and-hold'ers thinking about long-term appreciation. However, under the covers of that move is, just as we predicted, a massive and accelerating short-squeeze is underway, dragging the "Most Shorted" stocks up 4.65% since Friday's open as investors bet increasingly on central-bank-inspired expectations that hedge fund blow ups will force domino-like, sequential short squeezes.

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