Derivatives trading volumes in January 2010 were stronger, with European derivatives volumes increasing 32.4% and U.S. options trading volumes increasing a whopping 102.4% y/o/y. Cash equities trading volumes were mixed, with European cash transactions increasing 4.1% and U.S. cash equities trading volumes declining 23.7% from Jan '09. Total interest rate products ADV of 2.7 million contracts in January 2010 increased 37.8% from January 2009, and increased 50.5% from December 2009. Total interest rate product ADV is at the highest level since March 2008 !
on Fri, 10/23/2009 - 08:10
#108072
Roubini will play himself - aka Dr Doom - in Oliver Stone's Wall Street 2 taking trades from Dr. Evil, played by Sorors! lol
on Fri, 10/23/2009 - 09:09
#108118
+1
on Fri, 10/23/2009 - 08:15
#108074
I smell a bull trap. Yes, companies doing pretty well. Unfortunately country failing.
on Fri, 10/23/2009 - 08:22
#108080
Tops are usually formed, and then end, on good news. The wild cards in the deck are the momo computers and the never ending Fed liquidity.
But I find it interesting the retail investor is backing out of equity mutual funds and the majority of the trading is not in long term money.
Definition of long term money. One nano second longer than the time it takes for electrons to travel between co-located servers at the NASDAQ or NYSE.
on Fri, 10/23/2009 - 09:51
#108159
Long Term Money (Alt. Definition) - Any trade that is NOT a flash trade (i.e. - does not get to see the market .5 sec. before the transaction)
Syn. - Anything that NY Sen. Charles Schumer doesn't like
on Fri, 10/23/2009 - 08:24
#108082
MS...profit down....stock price up <huuuuuuuuge>
on Fri, 10/23/2009 - 08:26
#108084
Gold breaks upside triangle at $1065, set for a power surge to $1100.
on Fri, 10/23/2009 - 09:43
#108150
Well, looks like our friends bullion banks just took a dump on it. It appears they can't seem to accept the FACT that it isn't going below $1000 - EVER, or perhaps they are so pissed/embarrassed with their FAILURE to hold it below $1k that they doing their best to injure as many Gold bulls as possible during this rise.
on Fri, 10/23/2009 - 08:27
#108087
Tyler,
how do you know the headlines from tomorrow?
Today is 23rd.
on Fri, 10/23/2009 - 09:57
#108168
The Rules of Project Mayhem:
on Fri, 10/23/2009 - 09:11
#108120
Roubini say's Big Crash Coming to a movie near you!
http://www.indexuniverse.com/sections/features/6777-nouriel-roubini-big-crash-coming.html?Itemid=5
on Fri, 10/23/2009 - 09:33
#108138
on Fri, 10/23/2009 - 10:30
#108215
Yeah, isn't there a connection between New Jersey and Goldman? The vampire squid strikes again!
Edit: We're all familiar with the scariest line known: "I'm from the government and I'm here to help". Next up: " I'm from Goldman Sachs and I'm here to help."
AAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!
on Fri, 10/23/2009 - 09:57
#108164
"Dollar's doom puts a face on new $1 million bill"
Speaking of large denomination paper currencies, have you seen the GW Bush portrait on the Zimbabwe 100 trillion dollar bill?
http://farm4.static.flickr.com/3020/4030398085_07bb0c6724.jpg
Of course, all presidents and congress critters are puppets of the oligarchy, but at least the current president isn't a complete moron.
on Fri, 10/23/2009 - 10:28
#108214
Drive on, NJ, drive on. The municipal bond/swaps article (New Jersey, Goldman) is another absurd example of municipal or state funds making quite foolish agreements for using IRSwaps to hedge issuance. these always look foolish in hindsight, of course.
It's a horrible contract, which carries a penalty to cancel between now and 2011. Good grief, aren't there novation rules around ?
Pulaski Skyway
New Jersey’s contract with Goldman Sachs Mitsui Marine Derivative Products L.P., a partnership of the bank and Japan’s Mitsui Sumitomo Insurance Group Holdings Inc., allows the state to terminate the deal without penalty after 2011. Canceling before then would require a payment estimated at $37.6 million on Sept. 30, according to state records.
The state’s payments on the swap in the past year have exceeded the $10 million budgeted to maintain the 76-year-old Pulaski Skyway, the 3-mile (4.8 kilometers) elevated road from Newark to Jersey City.
“I’m sure there’s an explanation,” Corzine, 62, said during a brief interview as he left a contractors’ convention in New Brunswick, New Jersey, on Oct. 14. “They don’t just send money out.”
The governor declined further comment on the transaction, according to his spokesman, Steve Sigmund.
on Fri, 10/23/2009 - 10:47
#108242
Quote of the day: "I'm sure there's an explanation. They don't just send money out." Governor Jon Corzine, former Goldman CEO and current NJ Governor on the State paying Goldman for interest rate swaps on non-existant bonds.
FREE SERGEY. ARREST LLOYD.
on Fri, 10/23/2009 - 11:17
#108281
Perhaps the ex-Senator and now current guvnr should try explaining a little better. NJ tax rates are what, 3rd highest in the US ?
on Fri, 10/23/2009 - 11:43
#108311
They in third place but heading for #1. Corzine said if re-elected he will increase gas tax.
http://www.landlinemag.com/todays_news/Daily/2009/Oct09/101209/101609-07.htm
on Fri, 10/23/2009 - 12:22
#108370
LOL
According to his blog, "Conscience of a Liberal", Paul "Freedie" Krugman was relieved that Governor Corzine was likely to win his reelection bid in a couple of weeks because he was pulling out the brass nuckles.
on Fri, 10/23/2009 - 12:29
#108380
Soooo... It's okay to be a Vampire Squid, so long as you're a liberal Vampire Squid?!
Check!
on Fri, 10/23/2009 - 12:57
#108427
Great month for the airlines I notice. Down only around 20% each. Guess that economy is really kicking ass. Too bad someone at ECRI can't prop up their stocks a little better.
on Fri, 10/23/2009 - 22:16
#109139
+100
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