Archive - Dec 20, 2010 - Blog entry

"What in God’s name is going on up there in New Jersey? Things are just fine down here in Florida... No problems with integrity or due process or robo signing... No sir-ee, things are just fine thank y’all very kindly".

This week’s action can be summated in a single question:

Which is stronger, the Euro collapse or the Fed’s Permanent Open Market Operations (POMOs) AKA money pumps to Wall Street?

These are the two primary forces at work on the markets today. Thus, this week’s action will be determined by one of the two:

1) The Euro (the bearish influence)
2) Light volume/ the Fed’s ongoing POMOs (the bullish influence)

Just another day....

Call now (unless you want to be limited to reading CNBC on your mobile phone because Zero Hedge is provided at a "lower tier" which takes 15 minutes to load)

You can blame inflation or POMO or tax cuts or commodity speculation for throwing off our forecast but that doesn't matter - we have to be ready to go with the flow, even if we don't agree with the direction of the flow at the moment.

How much extra would you be willing to pay for utube and Facebook?--How about Zero Hedge?

An odd currency pair to dabble in.

It has been a literal power struggle for the past few months between Dynegy, Inc. (DNY) and its investors. The climax came on Wed. Dec. 15 when Dynegy said it accepted a buyout offer of $665 million, excluding debt, from Carl Icahn.

The Getty Oil takeover battle between Texaco and Pennzoil was probably one of the ugliest in Wall Street's history. Here is a rare video of Carl Icahn recounting the event.

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.