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Frontrunning: June 15

Submitted by Tyler Durden on 06/15/2010 08:54 -0400

Traders play around with stocks, then leave 'em (Post)
BP lining up GBP5 billion war chest from banks to help meet costs of oil spill (Sky News)
Another Spanish auction, another record new issuance yield (Reuters)
Empire state manufacturing index comes in below expectations at 19.6, higher than prior 19.1 (Bloomberg)
New York Fed's enhanced power come with reduced autonomy (Bloomberg)
Farrell: 7 signs toxic partisan politics is killing capitalism, democracy, your retirement (Market Watch)
Angela Merkel's government threatened with collapse (Guardian)
Gundlach: Generating high cash flows and managing risk with deflation or inflation (Pensions & Investments)
Iran says possible EU sanctions "illogical" (Reuters)
Apparently lack of bond auction failure now is sufficient to push EURUSD higher, ignoring German deteriorating investor sentiment survey (Reuters)
Fannie, Freddie: mother of all bailouts (IBD)
OECD, as expected, plays down fears of Greece bankruptcy, says country can "make it" (Bloomberg)

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Tue, 06/15/2010 - 08:57 | 414364 jkruffin

Best Buy(BBY) just reported a nice miss on revenue and the stock is tanking.

Tue, 06/15/2010 - 08:59 | 414368 vanorton

dont worry...gdp is going skyhigh

WASHINGTON -(Dow Jones)- The continuing oil spill in the Gulf of Mexico could
end up adding a bit of growth to the U.S. economy as the huge cleanup efforts
in some ways outweigh negative factors, analysts at J.P. Morgan Chase said
Monday.

Tue, 06/15/2010 - 09:04 | 414374 jkruffin

HAHA, I just commented about an hour ago how silent JPM (BP's largest shareholder) was regarding the situation, and viola!!!! They must be glued to ZH now. Reading this snippet, it appears they are desperate indeed.

Tue, 06/15/2010 - 09:06 | 414379 The Franchise

I was waiting for the good ol' "you should be thanking us" retort.

Tue, 06/15/2010 - 09:33 | 414434 New_Meat

JPM can't figure out the broken window. - Ned

Tue, 06/15/2010 - 09:04 | 414373 Zina

June 15: NORTH KOREA will be SMASHED today!

Brasil will SMASH North Korea national team, today in Johannesburg, for the World Cup!

I hope Kim Jong il doesn't sink some brazilian vessels in retaliation...

By the way, CALA BOCA GALVAO!!

http://thelede.blogs.nytimes.com/2010/06/14/tweets-of-fictional-galvao-b...

Tue, 06/15/2010 - 09:05 | 414375 doublethink

US targets $20bn BP pay-out Senators in call for ‘act of good faith

Tue, 06/15/2010 - 09:39 | 414447 Howard_Beale

Quite interesting they are lining up banks when they have the cash.....sure sign of receivership IMHO.

Tue, 06/15/2010 - 09:08 | 414382 King_of_simpletons

Green shoots ..........

Tue, 06/15/2010 - 09:25 | 414412 yabs

hahah

the clean up effort will boost US growth

wait till the crops fail and everyone has to be evacuated and the water table gets polluted and people start dying from all the neurotoxins

lets see how stimulating that is

what scum they are to even suggest this is a good thing

Tue, 06/15/2010 - 09:26 | 414414 doublethink

Ministry of Truth

WASHINGTON - The timing of the publication of a major New York Times story on the vast untapped mineral wealth that lies beneath Afghanistan's soil is raising major questions about the intent of the Pentagon, which released the information.

Given the increasingly negative news that has come out of Afghanistan - and of United States strategy there - some analysts believe the front-page article is designed to reverse growing public sentiment that the war is not worth the cost.

http://www.atimes.com/atimes/South_Asia/LF16Df03.html

Tue, 06/15/2010 - 09:36 | 414441 aldousd

why, whatever do you mean? certainly you're not implying that...

Tue, 06/15/2010 - 09:28 | 414419 Grand Supercycle

As suggested earlier, the EURUSD daily chart is giving bullish signals.

http://stockmarket618.wordpress.com

http://www.zerohedge.com/forum/latest-market-outlook-1

Tue, 06/15/2010 - 09:37 | 414443 Tic tock

You don't say.. it's almost like it works at Goldmans's

Tue, 06/15/2010 - 11:07 | 414591 Kreditanstalt

The THUNDERING GREAT RALLY - the Dash for Trash continues, inexplicably yet so predictably toward a final valuation of ZERO...at thisVERY MOMENT...!!!!

Sat, 06/26/2010 - 05:22 | 435065 mbtshoe

Sat, 06/26/2010 - 05:23 | 435066 mbtshoe

Frontrunning: June 15

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