Archive - Jul 16, 2010 - Blog entry

Beware of "enhanced pension transfer value", it's just another gimmick to screw pensioners and plan members out of a safe retirement.

Updates as they come in...

See Oil Pressure Stopping Short of Target ... Does that Mean the Well Integrity Test Is Failing? for update.

As S&P 500 futures gently probe the other side of 1070, a look under the hood at [1] how far US equity indices have fallen from their recent peak, [2] mid-day market internals and [3] an egregious intra-second iteration of HFT-induced stop-hunting (i.e. electronic rape).

The clear message that has come out of the BP oil spill is that onshore energy resources are now more valuable than offshore ones. The company’s stock has been trashed with the rest of the industry. OXY has minimal offshore presence, nothing in deep water, and huge operations in the Middle East and South America. Oh, and please sell your BP. (OXY), (BP)

GE is a short.

While Obama is in Michigan touting the wonders of fiscal stimulus and what he terms the "Recovery Summer", the Fed came out with the minutes of their June meeting. In it they say they expect 5 or 6 years until we've achieved a recovery. Here is the data and it doesn't support Obama's assertion.

Updates as they come in ...

Canadian pension funds are crisscrossing the globe with cash in hand in search of assets for revenue to support this country’s aging population. Are they on the right track?