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Frontrunning: January 28
- Baltic Dry Index falls 4.1% to 1137 points
- Moody's Says Time Running Out for U.S. as S&P Cuts Japan (Bloomberg)
- Governments Stockpile Food Staples (FT)
- Consumer spending seen helping quarterly growth (Reuters)
- Internet in Egypt offline (BGPMon)
- IMF's Zhu Warns Global Imbalances May Worsen on Chinese Exports (Bloomberg)
- Chinese Firms Set Sights on U.S. Investments (WSJ)
- Ratings Agency Cites Political Chaos (WSJ)
- ECB’s Tumpel-Gugerell Says Governments Must Do More for Euro (Bloomberg)
- Sarkozy Tells G20 ‘Dare to Dream.’ (FT)
- BofA may pay higher share of bonus in cash: report (Reuters)
- Facebook Overvalued at $50 Billion in Global Poll of Investors (Bloomberg)
- EU Gives Details On Talks Over Fund (WSJ)
- Moody's Says Time Running Out for U.S. as S&P Cuts Japan (Bloomberg)
- Report Details Wall Street Crisis (WSJ)
- Citigroup Ignored 2005 Bond Warning After Shedding `Handcuffs' (Bloomberg)
- Geithner Reaches Out to House GOP (WSJ)
European Economic Data
- Euro-Zone M3 s.a. 3 mth ave. for December 1.6% y/y– in line with expectations.Consensus 1.6%. Previous 1.3%
- Euro-Zone M3 s.a. for December 1.7% y/y– lower than expected.Consensus 1.9%. Previous 1.9%
- Italy Consumer Confidence Ind. sa for January 105.9 – lower than expected.Consensus 109. Previous 109.1.
- Italy Hourly Wages for December 0.1% m/m 1.7% y/y– in line with expectations.Consensus 0.1% m/m 1.7% y/y. Previous 0.2% m/m 1.7% y/y
- Norway Unemployment Rate for January 3.1%- higher than expected.Consensus 2.8%. Previous 2.7%
- Switzerland KOF Swiss Leading Indicator for January 2.10– higher than expected.Consensus 2.05. Previous 2.10
- Sweden Household Lending for December 7.8% y/y. Previous 8.4% y/y
- Sweden Retail Sales s.a. for December -0.8% m/m 3.1% y/y – lower than expected.Consensus 0.1% m/m 4.6%y/y. Previous 0.1% m/m 5.3% y/y.
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Baltic Dry drops again .
Is this news good or bad? im confused. The Dow futes are up 4. Must be good.
BDI plunge. It could go into 3 digits over the weekend. Not good for the markets at all.
If today closes at 12,014, I'd be out, like a cat.
The system has suddenly wobbled in a big way, feels like a descent time. Egypt could be the fire that Tunisia lit.
Hang on...
ORI
http://aadivaahan.wordpress.com/2010/06/18/of-tipping-points-and-shape-shifting/
When all the developed world will look like Fallout 3, the Dow Jones will still stand between 11,000 and 14,000.
Equities are backed by the most powerful institution in the world, the Federal Reserve Bank, and this bank has decided that equities can't go down.
Don't fight the FED. Just go long stocks with a leverage and buy physical gold.
Yeah, with an emphasis on F and AMZN. Make sure to set tight stops so that you're protected.
tbtizzer putinskalllas again for a replay. Oh and watch out for the trench coat mafia! They are all over zh
1/28
Front Truth Running: no one ever promised you a rose garden.
1. Time to change the book.
2. Upon capitulation, most likely visible on the GLD, it is time to BTFD. I expect it will be below 1300 per oz somewhere.
3. If the bank in charge of silver manipulation, mortgage fraud, and rarefied CEO comments [ALL] even lifts its head, it should be sold...on principle.
4. Euro drug companies that suck at getting their new drug idea approved, and cannot even get alcohol swabs right, have a most bizarre chart. Seriously, look at it with a 10 day bar chart. Maybe those folks have been eating their own drugs...and not actually selling them. Look for people that work in the pill factories over there to suddenly turn into amphibians...causing quite a nice panic sell off.
5. Close monitoring of Comcast is now in order as a part of wise Due Diligence. Things at the Blow Horn [CNBC] have gotten so ridiculous that I rather think Comcast had better act quickly in terms of restoring some reasonable standards when it comes to Truth over the art of running lemmings over cliffs. Close observation is in order....much as you all like to pop off at those who observe the condition of the Blow Horn.
6. On the subject of L. Blankfein Wildest Dreams Park...they say you cannot eat gold. Neither can you eat oil. Nor is it true that Peak Oil is the shizzle...as the world's largest consumer of oil slips further into its depression. Prepare for divergence in gold and oil [$84]...and remember that you can store one easily and the other not so much.
7. Flix. Confession. Had I acted on a thought I expressed about the flicker show company almost two years ago...I would be rich enough to buy out Tyler right now. Be that as it may, and arm chair quarter backs [including me] don't impress me. Hysterical frenzies, last I checked, don't usually end well. Can you say blow off top?
8. The stud man USD, totally depraved, naked, oiled up and locked in L. Blankfein's coat closet is overdue to make a scene. Now I know about Ben Bernanke, but sometimes enough is enough. And stud man is pissed. Look out if he comes charging into the room carrying a bottle of lube. When he does, I suggest you drop EVERYTHING and run.
9. I simply cannot imagine that L. Blankfein will keep up the rouse about little Miss Euro being hot, hot, hot. After all, she is in her second trimester, has traded in her mojitos for crack, and she occasionally stumbles into dumpsters behind nightclubs. Watch for the signal to sell her...it is close to hand.
10. Moody's. What else is there to say?
As always, good luck navigating the wasteland that Ben Bernanke made.
Goldman's Fabulous Fab is baaaaaack, and he brought TWENTY-SIX lawyers with him. I couldn't have violated U.S. securites laws, I was offshore.
see the penultimate paragraph
http://www.bloomberg.com/news/2011-01-27/goldman-sachs-s-tourre-asks-jud...
No worries on the BDI numbers.
The Global Police(as the UK's shitrag, FT calls them) will investigate.
http://www.ft.com/cms/s/0/db6f5ab0-2a34-11e0-b906-00144feab49a.html
Fuck your globalization plans you, you, Capitalist Pigs! I poop on you!
If BDIY were a stock I would say it has solid support at 666.
Looks like the problem is that no one has figured out how to inflate the BDI.
It's simple....just sink a fleet of ships. Someone is asleep at the wheel in this worldwide show of smoke & mirrors.