Frontrunning: March 30

Tyler Durden's picture
  • Greenspan Op-Ed: Dodd-Frank fails to meet test of our times (FT)
  • The ‘Grand Bargain’ is Just a Start (Martin Wolf)
  • Parts Shortages Spread to Japanese Operations in U.S. (WSJ)
  • Osborne Insists Plan B Will Mean Higher Rates (Independent)
  • Apollo Global Raises $565.4 Million in Expanded Share Offering (Bloomberg)
  • Summit Swings Behind Libyan Rebels  (FT)
  • Are commodity prices peaking? (MarketWatch)
  • Merkel Faces Pressure on Euro, Taxes (WSJ)
  • Inflation Comes at Us Like a Knuckleball (Mike Pento)
  • Cephalon Stock Rises Above Valeant Takeover Bid of $73 a Share, logically Valeant surges too (Bloomberg)
  • Allies Intensify Call for Gadhafi to Step Down (WSJ)
  • History Backs Bernanke Betting Volatility Variable Won’t Hurt (Bloomberg)
  • Ivy League Alumni Quit Admissions Interviews as Success Slips (Bloomberg)

European economic data:

  • Euro-Zone Business Climate Indicator for March 1.41 – lower than expected.Consensus 1.42. Previous 1.46.
  • Euro-Zone Consumer Confidence for March -10.6 – in line with expectations. Consensus -10.6. Previous -10.6.
  • Euro-Zone Economic Confidence for March 107.5 – higher than expected.Consensus 107.3. Previous 107.9.
  • Euro-Zone Indust. Confidence for March 6.6 – higher than expected.Consensus 6.0. Previous 6.6.
  • Euro-Zone Services Confidence for March 10.8 – lower than expected.Consensus 11.5. Previous 11.2.
  • Switzerland KOF Swiss Leading Indicator for March 2.24 stronger than expected.Consensus 2.18. Previous 2.19.
  • UK Index of Services (3mth/3mth) for January -0.5% - higher than expected. Consensus -0.9%. Previous -0.6%.
  • UK Index of Services for January 1.3%.Previous -1.1%.
  • UK CBI Reported Sales for March15–higher than expected.Consensus -2. Previous 6.

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Careless Whisper's picture

What's the over/under on how many days until Florida Gov Scott resigns due to a financial scandal?

Scott had pledged during the campaign to put his financial holdings into a blind trust when elected, but instead transferred his Solantic stock to his wife, Ann, in January.

...refused to directly answer whether he would consider prohibiting the state from contracting with the firm


snowball777's picture

That bald prick should take a bullet. Yet more proof that Florida is the dumbest fucking state in the union by a yard and a mile.

the not so mighty maximiza's picture

with dodd-frank, criminals writing laws never ends well.

Tulli's picture

You know what (.....) it's all futile.

It really is. All the analysis, all the effort, all the hours spent studying... futile.

Ben wants higher equity prices. Period.

We may agree or disagree.

But we have portfolios to nurture.

Stock picking became useless.

Correlations do not work any more.

Technical analysis is long dead.

Good news are good.

Bad news are great. As an example - Japan goes offline? Bullish.

Just BTFD and remember to use the proceeds to buy gold.

oh_bama's picture

Why IVY ALUM STOP interviewing kids has ANYTHING to do with today's market, which will be up for sure anyway?

Howdan's picture

Tulli - Yes, yes, yes.

Just when will all us rational people understand that Thebenbernank, CEO of the World's Greatest Ponzi Scheme doesn't give two hoots about crappy fundamentals, a worsening housing market, terrible consumer confidence, rapidly rising US debt ceiling, failing banks etc. etc just as long as the stock market keeps on a'rising happily.

How short are these morons' memory spans?

And don't even get me started on the new "Tulip Mania" aka social networking companies being valued at $ multi-billions and 200+ multiples of (pie in the sky?) "projected" earnings.

Careless Whisper's picture

Alex Jones. 2005. Explains the real Alan Greenspan and the coming housing crash;



glenlloyd's picture

That Greenspan revelation that Dodd Frank is an epic fail is nothing new to anyone here, why they let that geezer write anything anymore is beyond me, he still denies that he had a hand in this mess.

rlouis's picture
Perhaps on reflection former Fed Chairman Greenspan would reconsider the wisdom of his long and tireless efforts to repeal Glass-Stegall? Final paragraph of the FT article:

The vexing question confronting regulators is whether this rising share of finance has been a necessary condition of growth in the past half century, or coincidence. In moving forward with regulatory repair, we may have to address the as yet unproved tie between the degree of financial complexity and higher standards of living.

The writer is former chairman of the Federal Reserve