Archive - May 3, 2009

In a story becoming more bizarre by the minute, ABCNews has now picked up on the Perella Weinberg scent with some new twists. According to ABC, White House deputy press secretary Bill Burton claims that the allegations by Tom Lauria, global head of the Financial Restructuring and Insolvency at White & Case are "completely untrue".

• The DTCC's CNS naked short selling residue (Deep Capture) - must read for everyone curious about regulation SHO and the gimmickry going on in the equity shorting market.
• How Lehman got its real estate fix (New York Times)
• More glowering optimism from Templeton's Mark Mobius, who sees an EM bull market, and a boost to Mexican EPS despite H1B1 (

• The DTCC's CNS naked short selling residue (Deep Capture) - must read for everyone curious about regulation SHO and the gimmickry going on in the equity shorting market.
• How Lehman got its real estate fix (New York Times)
• More glowering optimism from Templeton's Mark Mobius, who sees an EM bull market, and a boost to Mexican EPS despite H1B1 (

Submitted by Jeff Clark, Editor of BIG GOLD

Gold isn’t going to $2,000 an ounce.

Before you gag on your coffee or suffer chest pains, allow me to explain.

We’re about eight years into the bull market, and gold has breached the $1,000 level twice and has spent weeks trading above the old high of $850. Some observers are now saying that gold’s pretty much had its day and that once the recession is over, it will retreat for good.