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Frontrunning: September 13

Tyler Durden's picture




 
  • Must read: Trading Eludes Dodd-Frank as No Investors See Inside Black Box (Bloomberg)
  • Japan Ozawa Might Carry Out FX Intervention Threat If Elected PM  (WSJ)
  • Beijing Currency Saga Returns (FT)
  • Caroline Baum: the things that got us into this mess are expected to get us out? (Bloomberg)
  • After welcoming everyone to the "recovery", Geithner now urges action to actually make it happen (WSJ)
  • China Has Done ‘Very Little’ on Exchange Rate: Geithner (WSJ)
  • Bond Buyers Getting Burned by Going Long as Yields Climb (Bloomberg)
  • At Goldman, Partners Are Made, and Unmade (NYT)
  • Small-business Bill Could Be Democrats’ Last Hope on Jobs (Reuters)
  • Hurricane Igor Becomes Atlantic Season's Most Powerful Storm (Bloomberg)
  • Basel Regulators Agree to Boost Banks’ Capital Ratios (BusinessWeek)
  • Must feed the bubble after midnight - China to ease restrictions on foreign investment (Reuters)
  • Greece Moves to Reassure Investors on Reform: "Greece will launch a charm offensive in Europe this week to reassure investors the country is on track with crucial economic reforms to prevent a damaging government bond default that could trigger a deeper crisis in the eurozone" (FT)
  • Merkel's Nuclear Plans Are Legally Sound, German Minister Says (Bloomberg)
  • The lunatics are in charge as usual: EU lifts Europe growth forecast, sees moderate second half (Bloomberg)
  • Jump-starting the economy - Harding and Coolidge: 1.8% unemployment (Washington Times)
  • From Lutz, FL, here's media-hungry Dick (and his NYT OpEd): A Capital Mistake (NYT)

Economic data:

  • France Current Account for July -2.2B.Previous -2.7B.
  • Switzerland Producer & Import Prices for August 0.1% m/m 0.5% y/y - higher than expected.Consensus -0.1% m/m 0.3% y/y. Previous  -0.5% m/m 0.50 % y/y.
  • Sweden AMV Unemployment Rate for August 4.8% - in line with expectations. Consensus 4.80%. Previous 4.80%.
 

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Mon, 09/13/2010 - 09:08 | 578126 suteibu
suteibu's picture

Ichiro Ozawa is making people nervous in Washington.  The Washington Post did a hatchet job on him Saturday about his stance on Japan/US relationship.  Now this.  Gotta love the way he's stirring the pot.

Mon, 09/13/2010 - 09:08 | 578127 snowball777
snowball777's picture

Poor Timmeh...doesn't recognize a hand-job for what it is.

No happy finish for you, one year!

Mon, 09/13/2010 - 09:18 | 578142 RobotTrader
RobotTrader's picture

Art Cashin looks like he just saw a ghost.

Once again, he's been caught flat footed.

No match for the young ones, the joystick traders who saw the uptrend last week and started buying stocks hand over fist.

Mon, 09/13/2010 - 09:22 | 578151 DavidC
DavidC's picture

It's probably because, with his length of experience, he can see the insanity for what it is.

DavidC

Mon, 09/13/2010 - 09:28 | 578170 taraxias
taraxias's picture

No one saw an uptrend last week. The banks knew what was coming out of Basel and the coordinated ramp that came along with it. Simple really.

Mon, 09/13/2010 - 09:20 | 578146 hedgeless_horseman
hedgeless_horseman's picture

Yield rally?

Mon, 09/13/2010 - 09:25 | 578160 SheepDog-One
SheepDog-One's picture

Im taking my ball and bat and going home, sitting this one out, the lunatics can keep playing all they like.

Mon, 09/13/2010 - 09:38 | 578196 snowball777
snowball777's picture

Quitter!

Mon, 09/13/2010 - 09:26 | 578163 RobotTrader
RobotTrader's picture

When is Eric King going to interview the CEO of Dollar Thrifty?

Or how about the CEO of HPQ who keeps buying a new company every week?

I guess they didn't get the recession memo.

Mon, 09/13/2010 - 09:32 | 578184 taraxias
taraxias's picture

Did you?

Mon, 09/13/2010 - 09:33 | 578185 Spalding_Smailes
Spalding_Smailes's picture

Caterpillar is almost at full capacity in it's mining division, going to start outsourcing work to my friends shop in 2 weeks ...

Mon, 09/13/2010 - 09:39 | 578197 snowball777
snowball777's picture

Future burnt out husks of America, we salute you!

(I'm sorry, was that your gate? - The Barbarians)

Mon, 09/13/2010 - 09:27 | 578166 Spalding_Smailes
Spalding_Smailes's picture

"Pump up the Volume" Get ready ... It's now or never ...

Mon, 09/13/2010 - 09:47 | 578207 DaveyJones
DaveyJones's picture

Partnership, along with reality, is made and unmade at Goldman 

Mon, 09/13/2010 - 10:07 | 578237 docj
docj's picture

Tiny Timmy Geithner is one of the most unintentionally funny people in public these days.

Which is pathetic, on all sorts of levels.

Mon, 09/13/2010 - 11:11 | 578378 Grand Supercycle
Grand Supercycle's picture

Updated DOW weekly chart:

http://stockmarket618.wordpress.com

Do NOT follow this link or you will be banned from the site!