• rc whalen
    02/09/2010 - 08:06
    At our firm we frequently receive calls from clients and readers asking about the likelihood of the passage by the Congress in Washington of reform legislation regarding over-the-counter (OTC) derivatives, financial regulation and/or mortgage securitization. Our answer is small to none given the political trends and the state of the lobbies in Washington, most specifically the large bank lobby that protects the Sell Side monopoly in OTC derivatives and securities. The fact that Senator Richard Shelby (R-AL) is still apparently not comfortable with the entirely watered down House proposal to reform OTC derivatives, for example, tells you all you need to know. Stick a fork in it.
  • madhedgefundtrader
    02/09/2010 - 07:22
    The rug may about to be pulled out from under the market. The onslaught of contradictory news coming out of Washington is wearing the market down. An exclusive interview with Andrew Horowitz of The Disciplined Investor.
  • smartknowledgeu
    02/09/2010 - 02:23
    Today, casinos have much more integrity in their business dealings than do banks. In general, casinos have more cash and more transparent business dealings with their clients than do banks. That's why it's so ironic that most large commercial banks, as part of their "moral code", do not allow private bankers to do business with casinos. It appears today, that the bankers got that one entirely wrong.

Intraday Market Update: Dollar Back To Strength, Nobody Cares About Stocks (And Vice Versa)

Tyler Durden's picture




Get your damn dollar destroying house in order Ben (at least you got that invisible bid on the worst employment day in recent, and not so recent history, down pat). At least for now stocks are acting as if they haven't realized DXY is almost flat, and the JPY-EUR trade is diverging aggressively from whatever passes for a stock market these days.

5
Your rating: None Average: 5 (1 vote)



by mdtrader
on Fri, 11/06/2009 - 13:39
#122547

Oddly crude appears to be gunning for a breakdown below $76.50.

by Remus
on Fri, 11/06/2009 - 13:48
#122562

Oil down 3.1 % and XOI down 0.8 %. Also very odd

by curbyourrisk
on Fri, 11/06/2009 - 13:51
#122567

Odd is the new norm.

Bad is the new good.

rally is the new.....well that is always the goal.

Fuck the numbers....just buy it damn you!

by Altan311
on Fri, 11/06/2009 - 13:52
#122569

Friday decoupling leads to a serious case of the Mondays me thinks? These rumors that BAC won't make it through the weekend are quite interesting.

by Anonymous
on Fri, 11/06/2009 - 13:56
#122581

Please include link.

by jbc77
on Fri, 11/06/2009 - 14:02
#122597

So where did you hear the BAC "rumors". At the water cooler in your office? Do tell......

by snorkeler
on Fri, 11/06/2009 - 14:36
#122638

"these rumors"

 

Not seeing any myself???

by Anonymous
on Fri, 11/06/2009 - 14:37
#122642

"These rumors that BAC won't make it through the weekend are quite interesting"

You're funny.

by geminiRX
on Fri, 11/06/2009 - 14:42
#122647

There is no unusual movement in BAC stock or put options. Given the amount of insider trading as of late, I highly doubt a BAC rumour of this sort would be true.

Disclosure: yes, I am in the camp that believes the entire US financial system is insolvent, but the Fed is just too good at distorting reality at the present moment in time

by JamesBrrando
on Fri, 11/06/2009 - 14:59
#122676

its not BAC

i was told look for unusual put action on a financial

 

i searched and i think i found it!

look at the action on GE Nov 15 puts today!

by JamesBrrando
on Fri, 11/06/2009 - 14:43
#122650

BAC is 2010 toilet talk

 

now...?

by Jewelsnorth
on Fri, 11/06/2009 - 15:29
#122683

From your lips to GS's ears. So as long as it happens really early in the year I might be comfortable with my Jan puts on BAC.

by nonclaim
on Fri, 11/06/2009 - 13:56
#122579

"whatever passes for a stock market these days"

 

I think this whole crap will turn the investor back 200+ years, before the stock market was created. Private funds investing in private companies will come back strong.

by Racer
on Fri, 11/06/2009 - 14:07
#122604

More like a con market where thinly silver plated tin is passed off and priced as solid gold

by faustian bargain
on Fri, 11/06/2009 - 14:17
#122623

probably a smaller market than FRN counterfeiting is now.

by Anonymous
on Fri, 11/06/2009 - 14:08
#122609

Here it comes, but as Logan says:
"Don't go chasing waterfalls"

http://www.youtube.com/watch?v=FIKZAoeMGag

Even thought you may be suitably inspired, stay on message Team!

by Anonymous
on Fri, 11/06/2009 - 14:09
#122611

Why does not the market crash after this data? I can't comprehend!!!!!!!!!!

by Anonymous
on Fri, 11/06/2009 - 14:12
#122617

One of the pundits on the NYSE floor today, on Bloomberg TV, said that today's stock market moves were on the back of very light volume and no retail investor participation. Is it any wonder the retail investors don't want to participate in a market like this?

I wonder, will Goldman Sachs kill off the goose laying the golden egg because no other than them will want to participate in the market?

DavidC

by nonclaim
on Fri, 11/06/2009 - 15:14
#122699

There's a way to uncover GS or any other manipulator on the low volume days.

 

I'd like a regulation forcing disclosure of above x% (low single digit) HFT volume per day in a single stock/etf/whatever by each single entity (under the same umbrella including on-behalf).

by Anonymous
on Fri, 11/06/2009 - 14:48
#122662

“If Bank of America were to provide at the same rate its quarterly losses would be 50-80 billion and it would be completely bereft of capital – it would be totally cactus. It would be – like Fannie Mae – a zombie government property.” [emphasis in original]http://seekingalpha.com/article/171869-accounting-for-losses-at-bofa-and-fannie

by waterdog
on Fri, 11/06/2009 - 14:54
#122669

If any of you have a favorite stock that you want the price to fall an additional 3% so you can buy it, give me a call. I will buy a few shares and I will guarantee you it will fall that much in 4 minutes.

by Anonymous
on Fri, 11/06/2009 - 15:00
#122678

I could offer that service as well but both ways :)

by Jewelsnorth
on Fri, 11/06/2009 - 15:32
#122733

Perhaps you could buy GS as a public service to all of us.

by curbyourrisk
on Fri, 11/06/2009 - 15:36
#122740

buy a few shares every few minutes.  All the way down.

by Screwball
on Fri, 11/06/2009 - 15:47
#122758

+100 LOL!

by Anonymous
on Fri, 11/06/2009 - 22:03
#123183

Is there a reason you use the inverse of the VIX and the DXY? Is it just for illustrative purposes?

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