Archive - May 2011 - Blog entry

S&P 500, Dow Jones, Nasdaq, Russell 2000, Nymex Crude Oil, Comex Gold, EURUSD, GBPUSD, USDJPY

On May 11, from the previous close in New York, silver futures rose nearly +2.5% in Asia. Then, after New York opened on May 11, silver precipitously tumbled to a low of $34.87, more than an 11.4% drop from its high in Asia just a few hours prior. Look familiar? It should.

NDP leader Jack Layton signalled Wednesday that pension reform will be his party's main thrust as the official Opposition, saying Prime Minster Stephen Harper is "practically alone in ignoring the looming retirement security crisis."

Money is a Trojan Horse thought meme, an alternative reality virus or worm similar to invasive computer code that controls our minds from within. Money subverts and molds us into acting in ways that are often contrary to our own best interest.

Equities continued their path of convergence to credit's recently weak signals today as we saw the largest compression between debt and equity in two months. Up-in-quality and up-in-capital structure very evident as single-name vol rose notably.

Definitive debunking of the claim that torture does anything useful ...

Inflation is “the most pressing problem” facing China, Vice Premier Wang Qishan said at the Washington talks. Hey - they should all move over here - our Fed Chairman says we don't have any inflation at all!

This is your President calling. Be afraid ... be VERY afraid

MERS, Mortgage Electronic Registration Systems, sued over Michigan foreclosures for over $100 million in actual damages on multiple counts, including fraud and wrongful foreclosure, as well as more than $300 million in punitive damages...

Own a home? Don't expect to be selling it anytime soon.

For those who thought Google was simply a search engine and ad company, I strongly suggest that you read on - Cars, home automation, the leading smartphone OS, toys, TV, music, movies, enterprise computing... It's getting serious folk!

"Microsoft is near a deal to buy Skype for $8.5 billion." Microsoft is pulling another "Microsoft", though this time it may actually succeed. Private equity and eBay, which still owns 30% of Skype, may actually sell, unless Google or someone else rushes in with a competitive bid.

S&P 500, Dow Jones, Nasdaq, Russell 2000, Nymex Crude Oil, Comex Gold, EURUSD, GBPUSD, USDJPY

Ireland’s government will impose a temporary levy on domestic private pension savings to fund a jobs plan aimed at cutting unemployment and aiding the economic recovery...

Now that's gotta sting...