Archive - 2011 - Blog entry

what we have mostly is an oversold bounce

I am expecting a bounce of 5-10% if all goes as planned.

Within days of the  of the MF Global bankruptcy, the court approved a motion granting what is essentially authorization to continue commingle and use customer funds held at the broker unit.

Banks and ratings companies are sounding their loudest warnings yet that the euro area risks unraveling unless its guardians intensify efforts to beat the two-year-old sovereign debt crisis.

All you need to read.

Iraq (check) Libya (check) Syria,  Lebanon, Somalia, Sudan, Iran

It isn't going to happen

Italy, Spain, France and Belgium will each go to market this week to auction bonds worth billions of euros...GASP!  

A bullish argument? In three words: Print More Money. 

If the mid-summer sell signal of 2011 plays out similarly to the one in 2008, there may be a long, dramatic decline straight ahead. 

Something big has to happen soon, or else...

If you really listen to his whining socialist diatribes, Paul Krugman is the enemy of every man and woman who works in the global financial markets. Many of my colleagues on the Street are very liberal, yet Krugman would take all of their money via higher taxes in a nanosecond. How is it that nobody sees that Krugman’s commentaries in The New York Times are almost perfectly predicted by George Orwell in Animal Farm – and Hayek in the The Road to Serfdom?

Don't worry about it, Comrade ... our Great Leaders in the Politburo would never pass a law unless it was good for us.

Ho, ho, ho...no turkey leftovers near this post please...

Jon Corzine's last great act might have been the institutionalization of customer account pilfering.  Indictments anyone?