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Frontrunning: January 26
- Mandatory Prison in Securities Frauds Sought by New York's District Attorney Cyrus Vance (Bloomberg)
- Financial Meltdown Was ‘Avoidable,’ Inquiry Concludes (NYT)
- Default worry sees US muni bond sales dry up (FT)
- Greece Default With Ireland Breaks Euro by 2016 in Global Poll (Bloomberg)
- Lehman Brothers amends bankruptcy plan (Reuters)
- Davos Moguls Adjust to Fast, Slow, Reverse: Mohamed El-Erian (Bloomberg)
- Bernanke Gets 66% Approval From Investors Disliking QE2....all of whom can afford a Bloomberg terminal (Bloomberg)
- Fed warns banks to be weary of expensive CDS: Impact of High-Cost Credit Protection Transactions on the Assessment of Capital Adequacy (Fed)
- China Is No White Knight in Euro's Debt Crisis (Bloomberg)
- Egyptian government bans demonstrations (FT)
- Germany inflation to hit 4% experts warn (Bild)
- Obama Embraces Business Agenda on Exports, Roads, Taxes (Bloomberg)
- The Troubled Fannie & Freddie Omission (Real Clear Markets)
- Thank you Japan: EFSF Debut Bond Rises on 1st Day Amid `Blowout' Investor Demand (Bloomberg) as hyperindebted Japan purchases 20% of bond (Dow Jones)
- Is College Tuition Too Low?(NYT)
»
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Mandatory prison time for securities fraud in NY . . . HELL YEAH!
GUILTY UNTIL PROVEN GUILTY!!
Go to prison, hang out with Bernie, and learn how to really make money!
Egypt bans demonstrations, no surprise, it was always a dictatorship pretendin gto be a democracy.
But Japan, not China, the white Knight in Eurodebt. That is a joke. Almost as much of a joke as India's aid to other nations. Or the UK buying US debt.
One big debt circlejoke. But, he who laughs last...etc.
ORI
http://aadivaahan.wordpress.com/2010/11/12/wisdom-for-warriors-3/
1/26
FrontJoking
1. Oil...it is f'd.
2. Cloud...it is f'd
3. Tyler....nice work yesterday. The bank in charge of silver manipulation, and cornering mortgage fraud and the copper market both...is f'd.
4. Gold...I think there will be a nice long side trade today...what with Banana Ben making noise.
5. Silver....?????????????????????????????????????
6. The Euro...are you kidding me Goldman? It is time...time to short little Miss Euro.
7. Burritos....oh so done!
8. Suckie drug companies...fail...and yet try to bounce! Talk about your zombies.
9 Apple...OMG...how far over owned can a stock be? World's largest double top today. Prepare for flesh eating zombies. The headline will be, "Woman bites security guard at mall when GPS service on her Iphone 4 fails to give directions to the Victoria's Secret."
10. Robo goes ballistic today...in a vain attempt to cause the dumbest people in the world to buy the tippy top of the US equity market....before going silent for weeks.
Today is the day to make some changes to the trading book. As always, be careful out there in the wasteland that Ben Bernanke made.
I'll bet Martha Steward wakes up every day, reads all the shiit, and says, "Holy fuc, and "I" went to prison for what I did?!"
The Baltic Dry Index isn't lookin so good, folks...
http://noir.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Meanwhile in european trading.....goldmining stock RandGold Resources continues on its downward path.
Take a look at this FUGLY lookin' chart:
http://shares.telegraph.co.uk/charts/?epic=RRS
....so much for that "buy the dip-shit".
I have GOLD in my LT portfolio. I shorted it back in Dec when Gold broke down through the 1400 barrier to ease the slide. I'm not selling my long though. I'll buy back my short if it keeps sliding. PM hot money is leaving through the double-doors and headed to "The Bernank" Asset Bubbles including the FX. If this keeps up, you've got to consider pushing some of your liquidity back into PM's and miners. BTFD!
Once the Food Riot Contagion and serious inflation has taken hold in the US, and "The Bernank" has fled the country - you've got to figure some form of fundamentals will rear their ugly heads.
BTFD! In the short-term... just watch the reality of their cheating and act accordingly. Marc Faber's Most Provocative Interview Ever: Compares Obama To A Prostitute, Goes Long Treasurys
Faber likes Treasury's and the USD for the 10 day-3 mos. short-term. I think "The Bernank" will have a greater effect short-term on equities as he tries to drive the DJIA to 20K, Alice!
"The Bernank" is having afternoon tea today as he watches that sucker climb past 12K (pile on the Callgirl Obot's BS from last night of course). Even if it is only for 20 minutes. He almost had an embelism @ Monday's close just $19.48 cents short. I can picture him in front of his Bloomberg on Monday afternoon... c'mon baby... c'mon baby... mumma needs a new pair of shoes!... (at the bell) Oooooohhhhhhhh... so close. Oh well, hey "The Geitner" and "The Blankfein", meet me in the jockey club for drinks, eh?
Bernanke Gets 66% Approval From Investors Disliking QE2....all of whom can afford a Bloomberg terminal (Bloomberg)
Diane Swonk, who follows the Fed as chief economist at Mesirow Financial Inc. in Chicago, says Bernanke gets favorable ratings, though his policies are less popular, because investors may feel that “this guy is an expert on the Great Depression, and although we don’t know what this program is doing, and we’re not quite sure whether it’s doing anything, we don’t really want to find out what the world would be like without it."
Obama knows what it's doing!
Obama: The stock market has come roaring back. Corporate profits are up. ...
You Go "The Bernank"... the Kleptocrats are counting on you!
i like how the financial "blood doll" fannie and freddie are avoiding blame for the financial crisis, can't blame them cuz we can't get rid of the dumping ground for the banks toxic waste
If one wants to do any business and/or get any goody from US government, it is vital to be a "team player" with the government. Is it clear?
Wow, only 66% approval from Wall Street? I guess Lehman and Bear Sterns former employees were included in the poll that skewed the approval rating so low.
NYC creates new position: Chief Digital Officer - "tasked with improving the city's ability to leverage social networks and the internet as a whole to communicate with its residents"
http://www.engadget.com/2011/01/26/nyc-crowns-rachel-sterne-as-chief-dig...
I inch closer to actively cheering on a complete thermonuclear explosion & then collapse of everything each day...Chief Digital Officer...are you effing kidding me?
Oh yeah, the Cyrus Vance thing about giving mandatory sentences of 8-25 years for financial fraud to the Martin Act?! Wall Street could just move to Detroit. Everything's cheap there. And just think of the Gentrification! I'm sure Detroit would allow them to Rename Michigan & Cass Ave's to Wall Street and Broadway.