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Frontrunning: January 20

Submitted by Tyler Durden on 01/20/2011 09:20 -0400

"No inflation" - Police fire shots to disperse new Tunis protest (Reuters)
Volcker takes aim at long-term investments (FT)
Brazil ups rates and signals more tightening (FT)
China: U.S. No. 1 no more (Washington Times)
China data fuel overheating fears (FT)
China Isn't Ready To Lead The World (IBD)
Morgan Stanley Profit Misses Estimates as Trading Revenue Falls (Bloomberg)
Zimbabwe mulls treason charges over WikiLeaks (AP)
Apple Ranked Last by China Environment Group for Transparency (Bloomberg)
Europe's Risk Watchdog May Prove Toothless in Prevention (Bloomberg)
EU Considers Basel-Rule Changes for Covered Bonds, Savings Banks (Bloomberg)
Report: Defaults Overhyped (Bond Buyer)
At least 207 missing in Brazil floods, 741 dead (Reuters)
High-Frequency Traders May Take More Risk on Rule Changes, Liquidnet Says (Bloomberg)
Goldman Sachs’s Navel-Gazing Comes Up Short (NYT)
The Eight States Running Out of Homebuyers (24/7 Wall Street)
Citigroup Defective-Loan Rate Improves to F+ (Bloomberg)
Identifying and Regulating Systemically Important Financial Institutions: The Risks of Under and Over Identification and Regulation (Brookings)

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Thu, 01/20/2011 - 09:27 | 889598 Spalding_Smailes

Gold getting blowtorched ..

Thu, 01/20/2011 - 09:30 | 889606 Cash_is_Trash

There is no recovery! It's a goddamn farse.

Thu, 01/20/2011 - 09:36 | 889617 Quintus

Of course it is. How else are JPM, HSBC and their friends going to escape from under their crushing naked short position before the physical shortage vice into which they have willingly placed their nuts tightens any further?

Thu, 01/20/2011 - 12:56 | 890232 Cash_is_Trash

Then your point proves there is no free market. I'm sure most of us here agree that as the Fed balance sheet grows the price of metal should rise in lockstep.

Sadly, this isn't happening for all of us betting on the collapse of the dollar.

I want to see gold hit the moon and shorts destroyed.

I hate gambling and this stock market is looking like hitting rigged coin slots.

Thu, 01/20/2011 - 09:39 | 889624 westboundnup

It's easy to grin, when your ship has come in, and you've got the stock market beat.

Thu, 01/20/2011 - 09:28 | 889600 Temporalist

Gold standard now supported by Alan Greenspan the person who help destroy USD

http://www.youtube.com/watch?v=yRJs5yL62BA&feature=player_embedded

Thu, 01/20/2011 - 09:36 | 889616 HelluvaEngineer

Sure. These assholes have been stockpiling gold in preparation for the controlled demolition of the USD.

Thu, 01/20/2011 - 09:43 | 889626 Temporalist

Well I for one, when they say don't fight the Fed, will side with "they" on this one because PMs make one their own sovereign entity whereas fiat is dependent on decree and accpetance at the point of a gun.

The masses have decreed gold as money for thousands of years. Just because everyone bought into the new rigged game doesn't mean the original game was rotten.

Thu, 01/20/2011 - 09:31 | 889607 Cdad

1/20

FrontRunner Cdad

1. Burritos are "F'd". Last year's good idea is now seeming like a crack addict's good idea. How burritos ever got to this PE level is a question that will be answered in next year's Blow Horn [CNBC] retrospective entitled, "The Crash After the Crash: burrito gas is not alternative energy"

2. Stocks priced for Dotcom will now show themselves. They are everywhere. They are everywhere because nothing is priced to anything real in this Banana Tree Republic...which is to say that things are priced to Dotcom...or things are priced to D. Tepper. By the close of today's session, the few hundred people who shifted money to equities this week will be really angry...but as Dog says, "F*ck those morons." And Dog is right.

3. Cdad finally gets to BTFD...in gold. Com'mon 1320!

4. Cdad will think about buying silver...but won't because he is totally freaked out by silver....and it kicks him square in the package every time he tries to buy it. Cdad will say, "F*ck silver," many times before the session ends. And if he does buy silver, it will be by the instrument that sounds most like a soft commodity used to make bread.

5. European drug giants finally showed their hand yesterday, and today show their bare rear end. European drug companies that suck at getting their new drug ideas approved fully tank today, naked rear ends leading the way...to which Cdad says, "Finally!"

6. Large banks in charge of manipulating silver and cornering the markets in copper and in mortgage fraud both, fall hard in the morning, bounce midday as Cramer fans step in and BTFD, and then plummet into the close....because the earnings of this bank are FICTIONAL! Duh.

7. J. Dimon, L. Blankfein and the like will meet furiously all day today with M. Shapiro in an attempt to exhaust her in their attempt to help her understand that no financial laws or regulations at all should be enforced in the United States. God willing...M. Shapiro will finally wake up to the memorization going on around her at the hands of criminal syndicate Wall Street bankers....you know, so that this nation can finally begin the healing process. "Mary, Mary, Mary, Mary!"

8. L. Blankfein Wildest Dreams Park [oil futures] will be volatile but eventually move higher in vain attempt to keep the market moving higher one day after everyone finally figured out that the market is a corrupt, broken, ridiculous ponzi scheme that only vaguely resembles the free market that once lived at the heart of America's capitalistic society...which brings us one day closer to ending this madness, firing B. Bernanke, criminal syndicate Wall Street banker layoffs, forced capital reallocation, stupid and bankrupting Federal health care policies, and about a million other things Cdad is too pissed to think of just now.

9. Comcast draws one day closer to firing Mark Haines for his constant, flagrant, and repeated refusal to prepare for any of his shows. Also, one day closer is the day that Comcast decides whether or not E. Burnett's adorabalism is worth another go, whether employing a bald, ranting has-been is a good idea, or...sad to say, M. Bartiromo has simply sold out her journalistic curiosity too many times for people to watch her anymore. Cdad is thinking of opening up a bookie operation on this subject...details to come.

10. The totally depraved and immoral stud of a man USD comes to life [after overnight shenanigans] having his way with every living thing around him, hosing even the most strident heterosexual criminal syndicate Wall Street bankers...and especially L. Blankfein...because stud man is so pissed at being held in L. Blankfein's office all this time. Good luck, Lloyd. Would love to be there with a camera just now.

From this point forward, and for months to come, it is going to be very difficult to further disguise the fact that our market has become an absolute travesty, joke, ponzi scheme. As such, traders should refresh their sense of how to play Whack-a-Mole so that those of us who are still in touch with reality can move this market in the general direction of TRUTH!

Thu, 01/20/2011 - 09:33 | 889609 Sudden Debt

Citigroup Defective-Loan Rate Improves to F+

If that ain't bullish, I DON'T KNOW WHAT IT!

Thu, 01/20/2011 - 09:37 | 889621 eigenvalue

Only morons believe Shittigroup's numbers...

Thu, 01/20/2011 - 09:51 | 889661 Blindweb

Zimbabwe mulls treason charges over WikiLeaks

Lol. Too bad it was the Guardian that released the cable in question.

http://www.guardian.co.uk/help/insideguardian/2011/jan/13/wikileaks-morg...

Thu, 01/20/2011 - 10:13 | 889727 sushi

The treason charges are not against the release but against the government officials and how they interacted with US officials.

Same issue in Canada. Wikileaks release showed head of CDN CIA was quite happy to suck US dick and state his lack of disrespect for CDN law and legal institutions. Essentially this individual was responsible for the identification and prevention of the very actions that Wikileaks revealed him to be engaged in.

Thu, 01/20/2011 - 10:28 | 889764 Blindweb

oops I'm an idiot.

Thu, 01/20/2011 - 10:52 | 889849 chinaguy