Archive - Jul 1, 2009

Marla Singer's picture

Excuse Our Dust





We're in the process of testing network configurations today, so you might find yourself enduring some delay. Never fear.

 

Tyler Durden's picture

Is Goldman Legally Frontrunning Its Clients?






Everyone who is anyone on Wall Street has at some point used the Goldman 360 portal whether for research, news, keeping a track of prime brokerage portfolio or, disturbingly, for trading, via the REDI Plus 9.0 platform (now loaded with enhanced algo trading features to make life for you, dear soon to be frontran Goldman client, so much easier). A second widely accepted Wall Street concept is that a disclaimer is the last thing that anyone reads, if ever. Yet after taking a close look at the Goldman disclaimer for the 360 portal, which is an umbrella waiver or all downstream websites, including REDI, one discovers a curious gem

 

Tyler Durden's picture

Daily Highlights: 7.1.09





  • Consumers' confidence in economy unexpectedly falls in June, halting a 3-month upward trend.
  • Dow Jones industrial average rose 11% during the quarter, while the S&P 500 index surged 15.2%.
  • FDIC to propose tough guidelines for PE investors seeking to buy failed banks.
  • Home prices fall 0.6% as rate of decline slows.
  • IMF’s board of directors plans to issue as much as $150B of bonds.
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    Tyler Durden's picture

    Frontrunning: July 1





  • US ADP Employment Change (Jun) M/M -473K vs. Exp. -395K (Prev. -532K, Rev. -485K) (Bloomberg)
  • Fed's Yellen says rates may stay near zero for years (Bloomberg)
  • Banks falling 23% since may foreshadow S%P slump (Bloomberg)
  • Karl Denninger: To Dennis Kneale - You're an idiot (Market Ticker)
  • Too Bernanke to fail? (WSJ)
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