Archive - Jun 2009
June 27th
The Republican Regulatory Reform Plan
Submitted by Tyler Durden on 06/27/2009 18:14 -0500The following is the Regulatory Reform Plan proposed by Alabama Congressman Spencer Bachus. The plan effectively touches upon all weaknesses of the current regulatory environment, if one can even claim one exists.
VWAP Close
Submitted by Tyler Durden on 06/27/2009 18:13 -0500
SPARC computers are taking the SPARC bus to the SPARC hangout in the Hamptons after another job well done.
There Goes The CMBS Neighborhood
Submitted by Tyler Durden on 06/27/2009 18:10 -0500S&P announced that it was likely to downgrade $235.2 billion in CMBS securities as it evaluates how these would fare in an "extreme economic downturn."
Intraday News Roundup
Submitted by Tyler Durden on 06/27/2009 18:02 -0500Q1 Bank Trading: Only Interest Rate Derivatives (Make That Goldman Sachs) Profitable
Submitted by Tyler Durden on 06/27/2009 18:00 -0500"The notional value of derivatives held by U.S. commercial banks increased $1.6 trillion in the first quarter, or 1%, to $202.0 trillion, due to the continued migration of investment bank derivatives business into the commercial banking system."
Intraday Equity Observations
Submitted by Tyler Durden on 06/27/2009 17:59 -0500
The SPY is stuck between Friday's low and Monday's gap open on no volume - and it is RUT rebalancing day! Also high beta is the place to be it seems today (IWM outperforming). And guess what - VWAP reversion wins, at least every 5 minutes or so.
Goldman Sachs Principal Transactions Update: Back With A Vengeance
Submitted by Tyler Durden on 06/27/2009 17:55 -0500
Just released NYSE data indicate a 50% ramp up by Goldman's principal Program Trading unit. Whereas the prior week saw Goldman trading only 631 million principal shares on the NYSE, the most recent data indicate a massive rise to 977.8 million. Also notable is Credit Suisse's doubling in principal program trades to 586 million from 245 million.
Friday Morning Visceral Anger Management
Submitted by Tyler Durden on 06/27/2009 17:53 -0500Wall Street Pro vs. Made In China Ford Taurus
Federal Reserve Balance Sheet Update: Week Of June 24
Submitted by Tyler Durden on 06/27/2009 17:51 -0500
Total Federal Reserve balance sheet assets for the week of June 24 of $2,048
Daily Highlights: 6.26.09
Submitted by Tyler Durden on 06/27/2009 17:49 -0500Frontrunning: June 26
Submitted by Tyler Durden on 06/27/2009 17:48 -0500Overalottment: June 25
Submitted by Tyler Durden on 06/27/2009 17:46 -0500Time to adjust those durable goods numbers? Quantas cancels/defers 30 plane orders (Bloomberg)
Cerberus: "Tortious, Conspiratorial, Collusive And Predatory"
Submitted by Tyler Durden on 06/27/2009 17:44 -0500And we at Zero Hedge thought we were hard on pro-cyclical, bull market, momo, value destroying private equity shops. In a case filed in the Supreme Court of New York, mezzanine lenders for recently bankrupt Extended Stay Motels, Line Trust Corporation and Deuce Proeprties, go to town against not just the two PE firms, but everyone's favorite Bank Of America, recently defunct Wachovia and U.S. National Bank Association (as successor for Bear Stearns), accusing them of one of the oddest collusive arrangements we have ever witnessed.
