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July will be the month for FAZ fireworks. Should be pretty explosive.
FAZ explodes, then TZA will be even more explosive. Get the benifit of financials tanking along with the Russell 2000.
Twould be nice to have an Apalachin Conference Event.
Jekyl 2 for the reset.
“We’re still working to try to minimize the damage the amendment would do to bank-holding company capital,” said Mark Tenhundfeld, executive vice president of the American Bankers Association, which predicts the rule could force banks to raise as much as $130 billion of new capital or curtail lending.
In other words, this probability this amendment gets removed is 100%.
TruPS= True Pieces of Shit - I slay me
Damn. You beat me to it.
So, what does cross selling of US equities between megabanks create?
"Oh, it's not a ponzi scheme! We're just creating liquidity in the market...yeah, that's it!"
Skynet Pong ?
That's it, it's actually a Pongischeme.
Record the high powered workstations of HFT shops playing 500 games of Pong in parallel, average the position of the ball, rotate 90degrees, and you get the SPX500 chart.
Try it, it works. Denninger can kiss my ass, that's technical analysis baby
Oh, say can you see Wall Street’s theft in plain sightWith the debt that we sow while cash register’s beepingWhose broad lies and false flags thru the congressman’s lies,O’er the market we watched was so rigged just for stealingAnd the derivatives there, the bombs burst everywhere,Gave proof through the night that our poverty is here.Oh, say is the false left-right paradigm still thereO’er the land of the thief and the home of the slave
I do wonder about the banks and the XLF
Banks like wells. . .seem to be undercapitalized,but still insist they will earn their way out
what if shit hits the fan b4 they are able to earn their way out in time?
Hope buffet has enough capital then to bail out GS plus Wells
or perhaps they will both merge. . .
The WEST AFRICAN CHIEF
And CNBC wonders why Bloomberg kicks its ass, maybe because they do actual journalism? On second thought, they are probably aware of their irrelevance...
"Quantitative finance" is not "complex". It's simpler than, say, high school physics.
The better word is "confusing". And isn't it exactly what it was designed to be? Undertake as much risk as you can while pretending you don't.
The amount of shit that JPM pulled with CDO subprimes is a lot more than they've been on the hook for recently.
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