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Frontrunning: January 4
- Goldman Investment in Facebook May Draw SEC Scrutiny (Bloomberg) ...but won't
- Currency Carry Trade Losses May Bolster U.S. Dollar (Bloomberg)
- Brown Says Calif. Budget He Proposes Next Week Will Be "Painful" (Bloomberg)
- Special Report: California or bust (Reuters)
- When States Default: 2011, Meet 1841 (WSJ)
- Setup and Resolution (Hussman)
- China Promises to Buy Spanish Bonds (FT)
- Moynihan Fights Fires at Bank of America Amid Book-Value Doubts (Bloomberg)
- Italian Banks Wage `War on Cash' as Consumers Pass on Plastic (Bloomberg)
- Curbs On Realty Buys To Remain In 2011 (China Daily)
- Beijing Residents Rush to Register Cars on New Quota (Bloomberg)
- Obama urges Republicans to help him revive economy (Reuters), because $14 trillion in debt is for amateurs
- UK Austerity Measures Expected To Pay Off (FT)
- Fiat split seen accelerating tie-up with Chrysler (Reuters)
- 6 top financial trends for 2011 (Reuters)
- European Probe Fuels Tensions With Hungary (WSJ)
- Rousseff to Make Yuan, Trade a `Priority' in Brazil-China Talks (Bloomberg)
Economic Highlights:
- France Consumer Confidence -36 - lower than expected. Consensus -31. Previous -33.
- Germany Unemployment Rate 7.5% - in line with expectations. Consensus 7.5%. Previous 7.5%.
- Norway PMI 54.4. Previous 55.7.
- UK PMI Manufacturing 58.3 - higher than expected. Consensus 57.2. Previous 57.5.
- UK Mortgage Approvals 48.0K - higher than expected. Consensus 46.5K. Previous 47.3K.
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you make it sound like front running is bad.
Which market is this combine really after? What "strengths" will they share?
Fiat and Chrysler. Accelerating merger. Crazy.
Who had Benz bought?
Foggy mind now but it was/is a disaster, ne?
ORI
http://aadivaahan.wordpress.com
Well then...time to front run the frontrunners [Happy Misallocation Day!]:
1. The Goldman Sachs will continue to insist that Facebook is worth $50 billion [if not more] as they front run more capital that they intend to cause to be misallocated to this company whose only product is navel gazers.
2. Oil will fail to take out $92 per barrel today....and weasels on CFTC desks will get nervous and sell oil.
3. Joe Kernen over at The Blow Horn [CNBC] will try to continue his obsession with bumper music by trying to make his "Greatest American Band" write in a daily feature, thus allowing him to continue to avoid show preparation beyond listening to his old tunes.
4. Criminal syndicate Wall Street bankers will continue to attack gold so that folk better appreciate banker products [which really suck].
5. Silver will F Cdad up if he tries to buy any.
6. $9-$11 burritos and their makers, after yesterday's FU move, will pair gains because this fad is "Last year's good idea." As such, yesterday's move will be revealed as the bull trap that it was.
7. Both shallow and deep water drilling may soon resume in the Gulf of Mexico...but not for the world's largest petroshrimp maker...which is a company that all Americans decide that they hate TOGETHER causing all Americans short the stock TODAY! Who likes petroshrimp anyway? Answer: no one.
8. Robo will continue posting 12 month charts of things that have already happened, and he will continue suggesting that they somehow predict the future...but the time to this being all cool will continue to "fade." As well, Robo will decide that asking for ID would be a good idea before posting pics of chicks that are semi nude.
9. The January effect will begin to take effect today, and microcap energy companies will be cool again, along with certain microcap security companies. However, and since the January effect has been going on for more than a month now, anticipate a shorter January effect this season.
10. The world's largest and coolest aerospace company will continue its kick butt move today in preparation for the downside move to come on bulldozers. The trade has nothing to do with aerospace or Facebook, mind you, as this will be an allocation trade designed to let criminal syndicate Wall Street bankers out of the inflated bulldozer trade without clocking the DOW. As for Facebook, the debate rages on with folk who have seemingly endless amounts of time to talk about themselves.
hehe, I enjoyed that. Thanks for taking the time.
"petroshrimp anyway? Answer: no one."
Correction:
The US military is a huge buyer of petro-shrimp...
The war machine never misses an opportunity to save a buck feeding our enlisted personnel the cheapest input...
Corexit Shrimp...
In either event, whatever the petroshrimp event actually turns out to be, you have put your finger on the one prediction [and arguably two predictions] I made for today that was wrong...#7.
But as for that, who would have thought that the criminal syndicate known as Wall Street would actually succeed in launching a lolable rumor through a tabloid that Shell was going to buy BP? I mean...who could predict that...and furthermore, having predicted it, who would guess anyone would believe it?
But thanks for your contribution.
"Facebook. There's gotta be some way to make 50 billion dollars off people who are unable to shut the fuck up."
They should make that their slogan, their advertising, and their business plan.
From the WSJ article:
Hilarious
Most people in Indiana and Ohio where new settlers that fled Europe where they had nothing. So in that time they would have been happy just to have land, food and a house.
And how is this different from today, exactly?
I wonder what J6P would identify as today's version of a "moral duty" ?
+1841+2011. WTF...lecturing us on our 'moral duty' to pay more taxes? You hit it on the head...what was the bankster's 'moral duty' reaction to their debts and fuck-ups? Oh yeah...call the Fed and get them to hand over a couple trillion in taxpayer dollars so they could get through it painlessly and keep their gi-normous bonuses.
Rather than lecture the taxpayer on their duty to bail out the government...the POS that wrote this article should have used it educate the taxpayer that governments, speculators and banks never learn. They will always run up bubbles and then turn to dumb ass John Q Public to bail them out when they bust.
Tyler,
I'm surprised there's not more chatter over the Fed "expanding" their PD list.
It is now very clear the ponzi is morphing into an "international pyramid scheme ponzi"
http://www.emii.com/Articles/2742522/Banking--Brokerage/Banking--Brokerage-Articles/Fed-May-Expand-Market-Dealers-List.aspx
Nice link... thanks.
Bernanke is expanding PDs like recruiting franchisees at an Amway house party...
Italian Banks Wage `War on Cash' as Consumers Pass on Plastic
Aww, the banksters are upset that the gangsters are making under-the-table payments.
Crime is crime, one is organized and institutionalized, the other organized but not institutionalized.
Bloodbath in silver...
Silver temporarily goes down to where it was about a month ago, and that's a "bloodbath"?
dave brubeck, bastard†
http://www.youtube.com/watch?v=BwNrmYRiX_o
Carry trade off?
while the Italian guv is in debt trouble the consumers are not so underwater...makes austerity more palatable.
Moynihan Fights Fires at Bank of America Amid Book-Value Doubts -- Bloomberg
Chris Whalen: “clearly a gift"
More of the "Change"
For BAC and a screw job for Amerikan taxpayers...