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Frontrunning: December 31

Tyler Durden's picture

  • Commodities Beat Stocks, Bonds, Dollar in 2010 (Bloomberg) - translation: anything that can't be diluted does and will do better than things that can be diluted
  • How a mortgage clearinghouse became a villain in the foreclosure mess (WaPo)
  • Euro Imbalances Mean 80% Risk Bloc Will See Structural Overhaul, CEBR Says (BusinessWeek)
  • Estonia Prepares to Join the Euro Zone (WSJ)
  • Simon Johnson: Fresh Crises Loom in Europe and the U.S. (NYT)
  • That pesky CRE issue still refuses to go away: Commercial property loans pose new threat (FT)
  • Krugman on The New Voodoo and hypocrites (NYT)
  • Mises Institute on the Hypocrisy of Krugman (Mises)
  • Venezuela to Devalue its "Strong Bolivar" Currency (WSJ)
  • India Food Prices Still Rising (WSJ)
  • Good thing Americans are reading ravenously: Borders delays payments to vendor in last ditch bankruptcy avoidance action, shares plunge (AP)
  • Warning on China, U.S. Feed Spat (WSJ)
  • China Increases State Company Pay-Outs (FT)
  • Australia to Boost Flooding Aid, Balance Budget, Gillard Says (BusinessWeek)
  • Porsche Wins Dismissal of Fund Lawsuits Over $2 Billion Losses (Bloomberg)
  • Merkel Vows to Defend Euro as `Foundation' of Germany's Economy, Wealth (Bloomberg)

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Fri, 12/31/2010 - 09:29 | Link to Comment omi
omi's picture

Well, you know what they say about Estonians being slow, right?

or "Who shows up when the party is over?"

Fri, 12/31/2010 - 09:38 | Link to Comment velobabe
velobabe's picture

didn't know that about kissinger. bad man, too. the list just keeps on growing. i just don't understand what the jewish people did to make some, hate them so much.

Fri, 12/31/2010 - 14:33 | Link to Comment sabra1
sabra1's picture

it all comes down to, of all the religions in the world, why was Jesus born a jew.   

Fri, 12/31/2010 - 09:43 | Link to Comment snowball777
snowball777's picture

Now to be known as Kinder, Gentler Bolivar.

Fri, 12/31/2010 - 11:18 | Link to Comment Cdad
Cdad's picture

Dr. Frontrunner Application [#3]



1.  Burritos, dot coms, suckie drug companies, and petroshrimp makers remain the same...freakin' doomed. [However, on the petroshrimp maker, there is clearly some firm that is trying to move that thing up for reasons that are seriously confounding considering that the company is going to be sued into oblivion...but when did anything make sense in 2010?]

2.  Little Miss Euro has now been on a five day bender, her bar tab picked up by B. Bernanke himself, I suspect.  The flattery has to be near its end, which can only mean the grasping of the rail is near to hand...fittingly on New Year's Eve.  She blows into the close and all day Monday...the little tramp.

3.  Oil...oh man...what to say about oil.  Inventories did exactly what I thought they would do [because there is NO FREAKIN' DEMAND FOR OIL] and yet the downside price action was minimal.  I know you guys want to go all "peak oil" on my ass...but that is irrelevant just now.  I say oil got busted yesterday, and L. Blankfein figures he made enough on the oil futures thingy...for now.  Oil goes lower, dammit!

4.  Gold confounds me and does things I never thought it would do.  And silver does the same times two.  I obviously cannot call the PMs.

5.  Blight on America prints yet another horrific headline, probably after hours that they can bury at least one horrific headline under a pile of empty Dom Perignon bottles.

6.  The world's greatest and coolest aerospace company will catch a and through the first half of criminal syndicate Wall Street bankers finally accept that the world's largest maker of bulldozers simply cannot go up every single day, and they need some hapless DOW stock to offset the index pressure they are about to create.

7.  The longest dated T bills catch a bid for today.  As for what happens on Monday...well, that is the thing isn't it?  Today, 30's firm in price.

8.  The January Effect goes all coy today...but works starting next week.  So grab up shares of some micro company that only you know about...and buy the crap out of it.

9.  Tyler does his job in kick ass fashion today, and cracks me up at least five times.

10.  The S&P spends most of the day in the red today...but miraculously recovers in the last hour of trade going slightly positive on this last day, the year of manipulating markets dangerously [surprising no one because the tools are simply the SPY and IWM and the XRT and such, whose creation units machines will be working overtime today to disguise all the selling of the underlying stocks which will be done so that even more bottles of Dom Perignon can be purchased for tonight's criminal syndicate Wall Street party at the Roach Motel].


Happy Freakin' New Year

cdad, Dr. Frontrunner in residence


Fri, 12/31/2010 - 09:45 | Link to Comment Silverhog
Silverhog's picture

Want to get nauseous, read Krugman's NYT article.

Fri, 12/31/2010 - 09:46 | Link to Comment nmewn
nmewn's picture

"Mises Institute on the Hypocrisy of Krugman"

Excellent read.

Fri, 12/31/2010 - 09:47 | Link to Comment Xibalba
Xibalba's picture

Ahhh, but it's the close of silver that really matters.  Close the decade >than $30?  

Fri, 12/31/2010 - 09:50 | Link to Comment Alex Kintner
Alex Kintner's picture

The Mises piece is quite like a Glenn Beck tirade -- railing against the evils of social programs. And yet somehow missing the whole point that it's the Morbidly Rich who are looting the country. The govt gives away $5-10 Trillion to the banksters, no strings attached. But this Robert Murphy idiot screams about the few hundred billion spent on unemployment insurance that saves families from living in tent cities.

Fri, 12/31/2010 - 10:16 | Link to Comment Shameful
Shameful's picture

Did you even read the article?

Also he points to the big government problem. To have a big government it has to have social programs to show off to the slaves...err taxpayers. If no social programs then the people really dwell on the fact that all the spending is going to support the oligarchy. Hard to motivate the masses to agree to big government when it's to get Dimon a Greek island to call his own. Got to put a little spin on it and give them a small % to make them go along with getting robbed. But we all know those programs will face cuts far before the oligarchy ever takes a haircut.

Fri, 12/31/2010 - 10:44 | Link to Comment Alex Kintner
Alex Kintner's picture

Yeah you're right. After reading again carefully, it is more of a rebuttal of Krugman than a 'What's wrong with govt' piece. For penance, I junked myself.

Fri, 12/31/2010 - 09:59 | Link to Comment TruthInSunshine
TruthInSunshine's picture

My one prediction for 2011 (okay, it's my 2nd, right after VIX will skyrocket in Q1 & remain far higher in Q2 & Q3 than it was in 2010...):

Paul Krugman is seriously injured when walking down the street by a forklift that runs amok as it's transferring a 1,500 pound bundle of federal reserve notes into an awaiting armored car.

Fri, 12/31/2010 - 11:02 | Link to Comment Sofa King
Sofa King's picture

The Idiot Krugman strikes again.  I'm pretty sure this fool has a small box full of stupidity in his shirt pocket and he let's a little out every week.  He firmly believes that the problem is not with the spendthrift politicians but with the exhausted taxpayers that are tired of supporting it.  The fundamental problem is that taxpayers are expecting public sector cuts in the form of salary and benifits and the public sector is trying to cut services and maintain their endugant lifestyle.

Fri, 12/31/2010 - 12:34 | Link to Comment redpill
redpill's picture

- Rick J. Santelli

Do NOT follow this link or you will be banned from the site!