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Frontrunning: August 6
- Liquidity deluge - markets higher after UK recession shockingly discovered to be deeper than expected; BOE pumps another $84 billion (Bloomberg)
- Judge won't approve Bank of America, SEC settlement (Reuters)
- Chrysler May Replace 300C Engineering With Joint Fiat Platform (Bloomberg)
- Senate to vote today on cash for clunkers (Reuters)
- AIG breakup is fee bonanza (WSJ)
- Roubini: Are there bright spots amid the global recession (Forbes)
- Continuing claims rise to 6.3 million as initial claims drop on continuing exhaustion and more move to emergency claims (AP)
- Get ready for the year's most honest jobs report (NY Post)
- Confidence increases across states as people follow the bouncing S&P ball and not the fact that they just lost their job (Gallup)
- Five reasons the market could crash this fall (Seeking Alpha)
- News Corp may charge for Web content, blasts Amazon (Reuters)
- Goldman Sachs - the lord of time (Asia Times)
- BHP, Rio Tinto June half profits to plunge (Reuters)
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Judge Raker won't approve the BAC-SEC settlement (for now at least)! Now THAT'S an interesting turn of events. Perhaps it will become a trend that will shed light on the incestuous payoff trade between the SEC and banks.
"Judge won't approve Bank of America, SEC settlement"
Can't a few shareholder lawsuits force this whole stinky fish into discovery somehow?
Everything better than expected
http://research.stlouisfed.org/recession/uk/
Goldman's reputation has been damaged after what has occurred during this crisis. Good work, TD, the tide is turning and this has been largely through your efforts. Hopefully the sentiment picks up the pace and a real investigation will take place into this place and see exactly what the fuck they have been up to.
http://www.reuters.com/article/GCA-CreditCrisis/idUSTRE57201P20090803
fanboy
fanboy = scene kids?
BOE liquidity injection and the current crisis, CRE/CMBS collapse looming, etc. - this is shades of 2007 again. It's just a matter of time folks. Hang on, it's going to be a bumpy ride.
Ummmmmmmm why is AIG suddenly a high flying stock? You would think shorts bailed yesterday
Momentum trade based on the hope that more shorts are dying somewhere. Now it's just a feedback loop.
http://finance.yahoo.com/news/Labaton-Sucharow-LLP-Files-pz-3481984511.h...
Labaton Sucharow LLP Files Class Action Lawsuit Against ProShares' UltraShort Real Estate ProShares Fund -- SRS
did we see supply in the first hour of trading yesterday in the ESU09 and are we seeing it again today ?
Goldman Sachs as Skynet? lol
where's Schapiro this a.m.? All she needs to do is watch retail - GIANT elephant in the room...
Is it me or did the US taxpayer get screwed with MS buying back the warrants from the Timmay'. Someone please correct my line of thinking if incorrect, but if correct people need to know how we're also getting hosed on these warrant repurchases.
Oct 28, UST buys warrants to purchase 65.25MM sh of MS at price of ~$23.00...which would be $1,500,750,000. MS is now trading at $31 (probably sold at less but whatever), so selling the 65.25MM sh at that price would provide a gain of $522,000,000 on $1.5B, which according to my abacus is 30%% (35 but who's counting)...are we not getting totally screwed on these...again?
"Estimulous is working" Christina Romer...
hohoho
Gallop confirms the PSYOP premise. That being consumer confidence is correlated to stock market performance. What is killing the PSYOP manipulators is that consumer spending is not following suit as it is supposed to.
Time to give the prop trading desks more money to provide a further boost to stocks in the hope that this program will gain traction where the ZIRP has failed.
Can anyone tell me why the FUCK AIG is trading at $24 a share and it's $10 increase this week, much less it's rebound from laughable lows of <$1.
Because "they" think they tail wags the dog - If you somehow keep equities high it will make the economy recover.
why the hell is the market not shooting up. Unemployment 2nd derivative is positive. Typical 10am low then up ramp pattern not appearing. Did someone adjust the programs?