Frontrunning: December 21

• Snow Extends European Air Travel Delays as Holiday Nears (Bloomberg)
• Bank of Japan Pledges to Steadily Buy Assets, Provide Liquidity (Bloomberg)
• China's Wang Says `Concrete Action' Taken on EU Debt (Bloomberg)
• Spain Says its Regions Are Financially Sound (WSJ)
• Senators in Bipartisan Push to Cut Deficit (FT)
• The great bank heist of 2010: Commentary: Wall Street wins, Main Street pays — again (MarketWatch)
• Bond Market Rejects Fed's Unconditional Love (Bloomberg)
• ECB Reins in Government Bond Buying (FT), as reported first on Zero Hedge
• Coalition Vows to Stand Firm on Cuts (FT)
• The Age of Uncertainty: Our entrepreneurs have lost confidence in the federal government (National Review)
• Funding Deal Snags Health Law (WSJ)

Economic Highlights:

• Germany GfK Consumer Confidence Survey for January 5.40 - lower than expected Consensus 5.7 Previous 5.5
• UK GfK Consumer Confidence Survey for December -21 - higher than expected Consensus -22 Previous -21  
• Italy Unemployment Rate (s.a) for Q3 8.3% - in line with expectations Consensus 8.3% Previous 8.5% Revised 8.4%
• Switzerland Trade Balance for November 1.93B Previous 2.10B Revised 2.05B     
• Sweden Consumer Confidence for December 20.8 - lower than expected  Consensus 22.6 Previous 22.6      
• Sweden Economic Tendency Survey for December 111.2 -  lower than expected Consensus 114.3 Previous 114.1 Revised 113.9
• Sweden Manufacturing Confidence s.a. for December 4 - lower than expected Consensus 9 Previous 8      

Comments

[Cdad]

You know, this segment known as "Frontrunning" always makes me feel really bad.  One day, when I'm an all grown up trader, I wanna be a frontrunner.  It sounds so freakin' cool and I wish I could do it.

I mean if I could frontrun little Miss Euro...omg...that would be so damn hot!  I would love to frontrun her with a long position just below her rising hemline in the evening...at about 19:00 hours or something...as she is having her first mojito of the evening. 

And then, when she comes out the bar with Uncle China...you know, short her torn skirt as she leans over that railing with her tiara falling off....oh man. 

But I guess that is all only just my wildest dream...because The Bernank does not send me invites to the daily POMO party, and neither do I believe The Bernank should be having a daily POMO party with freakin' criminal syndicate Wall Street bankers who will later take their gift bags over to the Roach Motel [SPY] and chuck back drinks paid for by Average Joe...with the mirror ball whizzing...

Because all of that shit is JUST WRONG!

[velobabe]

like your Frontrunning style!

had me @ a long position†

[nate28jf]

hehehehe wang.

[Die Weiße Rose]

before you start throwing your money away,you should know that all the markets are rigged against you and that the name of the game is to make you lose all you got to lose and more.(if you are leveraged on margin calls)

What people really should be doing is boycott all the markets,until they come back to their true intrinsic value ! Markets right now do not reflect the true state of things.

The financial service Industry is out of control ,corrupt and dysfunctional and needs to be re-set, totally reformed and regulated. There are many traders complaining about banks or the Fed.But what really is at the root of all that is wrong with the financial service industry,

it is the financial markets,they have become casinos for the insiders to take bets against

traditional investors.It is a game you will lose every time until the financial Industry and the markets are reformed and better structured and regulated and cleaned of systemic corruption.

Until people realize how corrupt markets have become and stop throwing their money away,

nothing will ever change.If you are a day-trader and you make some money ,it is the loss of another day-trader. Brokers and insiders always make money,no matter whether markets go up or down,as long as someone trades against someone else.

Many so-called investors don't realize this.

Boycott the Markets until they are clean and come down to their real value !