• Leo Kolivakis
    03/19/2010 - 17:00
    Europe faces a commercial property debt timebomb with almost €1 trillion (£896bn) outstanding from the sector and a quarter of that potentially distressed. The UK accounts for 34% of the €970bn total, with Germany second with 24%. Not to worry, global pension funds are busy snapping up properties but do they really know how long it will be before this crisis blows over? And what if it gets a lot worse before it gets better? Are pensions prepared to deal with those losses?
  • Reggie Middleton
    03/19/2010 - 10:03
    As I warned in my Pan-European Sovereign Debt Crisis series and amid a depression, this Eastern European government has collapsed. Western European countries (and their banks) have material claims within this country, and when combined with pressure from the PIIGS, may be the ones that set off the financial/economic contagion daisy chain. It is difficult to determine who sets it off, which is why it is best to attempt to determine the path of the contagion instead...

TrimTabs' CEO Charles Biderman Discusses Massive Insider Selling

Tyler Durden's picture




"Insider selling is 30x insider buying, while corporate stock buybacks are non-existent. Companies are saying they don't want to touch their own stocks."

"I don't know where the money is coming from to keep the markets from not plunging."

One can offer some suggestions.

4.846155
Your rating: None Average: 4.8 (26 votes)



by Anonymous
on Mon, 08/31/2009 - 16:32
#54449

"Yeah, where could all this money be coming from?", he said scratching his head... must be magic.

by leathaface
on Mon, 08/31/2009 - 17:28
#54531

"sideline money" hahaha

by jdun
on Mon, 08/31/2009 - 17:48
#54569

He knows the answer. The US government. The Feds.

by Spartacus
on Tue, 09/01/2009 - 03:52
#54850

In INDIA, for sure, huge amount of money is being channeled through PARTICIPATORY notes. These are the money stuffed abroad by politicians and beaurocrats(fuck the spelling,not worth trying to correct,mostly m... fuckers out there) over ages. some astounding amount has been syphoned off over the years.

I have feeling that some of these "dark money" are being chanelled to the "dark pools" of various algo houses.Possible.

by Spartacus
on Tue, 09/01/2009 - 03:48
#54848

The 2,500-euro car-scrappage program ends this month, jeopardizing as many as 90,000 jobs, according to an Aug. 27 report of the VDA car federation. The 5 billion-euro program has benefited two million car owners, the Economy Ministry said yesterday.

“As much as it hurts me to say it, the worst is yet to come for the labor market,” Wolfgang Franz, the chairman of Merkel’s panel of independent economic advisers, said in an interview in the Die Welt published yesterday. He sees unemployment rising to an average of 4.4 million in 2010.-Bloomberg

Everybody is trying to get out at a good price now. Goldman has a long ____ down their throat. heard in the market and it seems to be true,GS and MS are stuck bigway in China and Asia. Can someone check it out from their ex-friends at those places. hey, I met a guy who was let go by GS. He is ready to kill.

by ED
on Mon, 08/31/2009 - 16:33
#54450

Fall. Seems an apt name for the season.

by Anonymous
on Mon, 08/31/2009 - 17:09
#54495

Nice

by Lothar the Rott...
on Mon, 08/31/2009 - 18:03
#54584

http://www.youtube.com/watch?v=590ljQM08H0

That feels about right in some ways.

by Anonymous
on Mon, 08/31/2009 - 21:13
#54703

thanks for that post. I try to listen to that album several times every September. great memories.

(disclosure: 150% long U2)

by walküre
on Mon, 08/31/2009 - 16:38
#54454

This is quite simple to explain.

There is currently such a massive demand for stocks that insiders are thankfully willing to sell some of their paper to quench the thirst for stocks.

The market would stall if insiders wouldn't offload their stocks because American investors are programmed to buy, buy and buy.

See, it is a simply an equation of supply and demand.

I'm deadilicious serious.

 

 

 

by Bob
on Mon, 08/31/2009 - 20:32
#54688

You had me wondering if you were serious.  How sad, if true.   

by loki
on Mon, 08/31/2009 - 23:20
#54773

consumer:  mmmm must buy. must buy something! 

salesclerk: can I help you?

consumer: mmmm must buy. must buy now!  what have you in stock?

salesclerk:  In stock?  Uh,  AIG, C, BAC, somecrappyREIT. and of course! our generic S&P500.

consumer:  mmm must buy. must buy

salesclerk:  ya want some? how 'bout a few trillion dollar's worth?

consumer:  mmmm  must call Timmy, now.   [salivates]

salesclerk:  like them giftwrapped?  we'll throw in the Astroglide as our special gift to you!

 

by Anonymous
on Mon, 08/31/2009 - 16:40
#54457

Greed cycle? No, not here.

by ghostfaceinvestah
on Mon, 08/31/2009 - 16:41
#54458

$1.25T of MBS purchases.  Where is that money going?

by MinnesotaNice
on Mon, 08/31/2009 - 17:22
#54514

I think I have an idea... quid pro quo... I'll buy your crappy MBS and you keep the market propped up with the dollars I pay you for them... the whole thing is really sick, sick, sick... you cannot mess with a balance sheet even if you are the federal reserve or the federal government... it all still has to balance... it is an illusion, illusion, illusion that we are fixing things...

by Big Al
on Mon, 08/31/2009 - 17:28
#54532

It doesn't have to balance if you can keep the skeletons in off balance sheet accounts.  Which is probably what the FED is doing.

by MinnesotaNice
on Mon, 08/31/2009 - 18:35
#54614

But when they move things off to an off-balance sheet account does there not have to be some type of a journal entry indicating its disposition... otherwise assets and liabilities will not balance...

by lookma
on Tue, 09/01/2009 - 00:24
#54802

Its not "on-balance sheet then moved to off-balance sheet," its just "off-balance sheet." 

http://www.riskglossary.com/link/off_balance_sheet_finance.htm

 

See also:  http://www.newyorkfed.org/markets/maidenlane.html

by aldousd
on Tue, 09/01/2009 - 07:55
#54905

when you move things off balance sheet, they are still representative of someone somewhere who is not getting paid.

by Anonymous
on Mon, 08/31/2009 - 16:42
#54461

The Rubicon has been crossed.

We have to start over.

The only question is what do we do with the people that got us here? The oligarchs, the corrupt politicians, how do we dispose of these people?

Should we really be paying for life in prison for these scum?

That is the burning question, in my opinion.

by Miles Kendig
on Mon, 08/31/2009 - 16:51
#54475

The Jim Rogers solution.  Send them to Manitoba and the Dakota's as farm hands.

by genieous
on Tue, 09/01/2009 - 10:10
#54984

Hey wait a doggone minute - I am from North Dakota, live next door now in Minnesota and we wouldn't have them for a new york minute as farm hands.....sheesh

 

Now, there are things that are needed on the farm that they would be excellent for! Fields ALWAYS need to be fertilized!-46

by genieous
on Tue, 09/01/2009 - 10:15
#54989

Hey wait a doggone minute - I am from North Dakota, live next door now in Minnesota and we wouldn't have them for a new york minute as farm hands.....sheesh

 

Now, there are things that are needed on the farm that they would be excellent for! Fields ALWAYS need to be fertilized!

by PD Quig
on Mon, 08/31/2009 - 17:17
#54509

Burning is the answer, in my opinion.

by Cow
on Mon, 08/31/2009 - 18:00
#54581

by Anonymous
on Mon, 08/31/2009 - 17:33
#54537

As far as I'm concerned you are being much to placid

by dnarby
on Mon, 08/31/2009 - 18:13
#54592

Start using PM's for transactions, and direct barter of goods and services.

By the time they get around to issuing a new currency, we won't need it...  FTW!  AAAHHHRRrrghh!

by Gordon_Gekko
on Mon, 08/31/2009 - 19:41
#54653

Swing 'em from the lamposts; guillotines might come in handy as well.

by Neo of Zion
on Mon, 08/31/2009 - 23:27
#54780

The American Public had this figured out 102 years ago

http://en.wikipedia.org/wiki/Panic_of_1907

someone needs to go to jail or at least get prosecuted.

by Anonymous
on Mon, 08/31/2009 - 22:51
#54753

Guantanamo...

...after O hands it back to the Castro boys...

by Anonymous
on Mon, 08/31/2009 - 23:16
#54770

What exactly is me an American oligarch? The "oligarchy" sounds like a crude synonym for bourgeoisie.

I don't buy this nonsense propaganda coming out of sociopaths like Max Keiser and Alex Jones. Recycled Marxism is not compatible with liberty, belongs in a museum.

Do not trust Max Keiser, Alex Jones, and anyone else appearing on Iranian government controlled Press TV. These individuals are disinformation agents, some of what they say is true, but their ideas are laced with poison.

by Anonymous
on Tue, 09/01/2009 - 02:10
#54828

anyone who thinks that oligarchy is any kind
of a synonym for bourgeoisie is an intellectual
pygmy....

i can't for the life of me figure out how
anyone could consider alex jones a marxist....

i think you need to get back on your valium...

by Anonymous
on Tue, 09/01/2009 - 10:35
#55008

Have you ever watched Press TV? They consistenly host open Marxist-Leninists. Many of the Iranian government's closest sovereign allies are Marxist-Leninists regimes: China, North Korea, Venezuela, Cuba, etc.

In fact the government in Tehran is essentially a puppet of Moscow. Have fun following your bullhorn wielding madman, as he leads you straight off a cliff.

by aldousd
on Tue, 09/01/2009 - 08:06
#54914

I agree that there is a fine line that should not be crossed here. But it is demonstrable, even from just reading the headlines, that our government is in bed with several large corporations, such as Goldman, These corporations receive exemptions from the laws, and waivers on following required practices. While it's true we should avoid the pitchforks as much as the next guy, there really is a smokescreen out there.  Saying that this debate is 'laced with poison' is apt, I believe.  If you don't watch the fuck out, you'll be a Marxist in no time. On the other hand, pointing out injustice via government intervention is not the same as demanding egalitarian treatment of everyone.  But make no mistake, liberty includes the freedom from the influence of government sponsored monopolies, so while Alex Jones is a nut case, you too need to be careful.

by Anonymous
on Tue, 09/01/2009 - 10:48
#55024

>> But make no mistake, liberty includes the freedom from the influence of government sponsored monopolies, so while Alex Jones is a nut case, you too need to be careful.

I don't know how Goldman Sachs, a company worth $83b with a 34 P/E could be considered a government sponsored monopoly. They are a band of theives and three card monte hustlers.

The psychotic disinformation put out by Max Keiser et al would have you believe that Goldman Sachs is the only thing wrong with the world. Them and the ethereal "oligarchy."

It truly confounds me how supposedly free thinking people can listen to a guy like Mr. Keiser, who stated on international television that he wished more people had died in the 9/11 terrorist attack, and go along with whatever he says.

by aldousd
on Tue, 09/01/2009 - 12:15
#55165

A government sponsored monopoly in that they are only in their position because the government acted in their interest. Their private business would have landed them under water in bankruptcy last year. That's what I mean by government sponsored.  They still have so much pull and power and will continue to have it. Goldman isn't the only thing wrong with the world, but they sure are a shining example of it.

by Fish Gone Bad
on Tue, 09/01/2009 - 09:12
#54942

Never have so many important few, done so little good, for so many people.

by arnoldsimage
on Mon, 08/31/2009 - 16:43
#54463

by Bubby BankenStein
on Mon, 08/31/2009 - 17:06
#54491

Hilarious!

by MsCreant
on Mon, 08/31/2009 - 17:27
#54525

Cute. Posted over at Mish's now.

by Andy Dufresne
on Mon, 08/31/2009 - 17:33
#54535

Arnold, are you running around naked?

by MinnesotaNice
on Mon, 08/31/2009 - 19:58
#54667

That was great... thanks for sharing...

by walküre
on Mon, 08/31/2009 - 16:57
#54482

"I don't know where the money is coming from to keep the markets from not plunging."

Interesting question to ask would be .. where is the money going from insider sales? Into a different stock, into gold or into bonds? Does the money stay in the US or goes offshore?

Nordstrom got dumped today for Goldman. Money is not leaving the market, it just travels from one balance sheet to another.

by Project Mayhem
on Mon, 08/31/2009 - 17:18
#54510

by PD Quig
on Mon, 08/31/2009 - 17:19
#54513

Are you sure that the bottom green triangle isn't mislabeled? Shouldn't it be "Goldman"?

by Project Mayhem
on Mon, 08/31/2009 - 17:21
#54515

hahahahah

by i.knoknot
on Tue, 09/01/2009 - 03:20
#54845

that was funny.

by zeropointfield
on Tue, 09/01/2009 - 06:47
#54879

Gold, man!

by grey
on Tue, 09/01/2009 - 07:03
#54886

Gold!, man, Sacks!

by Doc Holiday
on Tue, 09/01/2009 - 00:25
#54805

Where is health care in this pyramid?  Patients and physicians are now commodities, bought and sold as "covered lives" or "participating providers."  Sales commissions make up about 10% of the trillion/year spent on health care.  Where is it?

by Uros Slokar
on Tue, 09/01/2009 - 06:51
#54881

I read that article over at FOFOA awhile ago when someone posted it in the comments section of a story here at Zero Hedge. While I agree with his premise entirely, I was left with one question: why are diamonds and gemstones so much higher up than gold? Shouldn't they be right beside gold? If someone could explain it would be greatly appreciated.

by Anonymous
on Tue, 09/01/2009 - 08:30
#54920

IMO - stones have a major disconnect from stored wealth unless you are being frisked and in mortal danger (i.e. Jews who sewed diamonds into clothing seams). First, Central Banks don't hoard stones, merchants do. DeBeers et al have been fantastically successful in marketing their commodity. Diamonds linked to marriage is a relatively new concoction. Second, bullion is fairly uniform and easy to evaluate for the layman in its common smaller forms. Stone grading is much more difficult and almost always involves a degree of trust. In a crisis, trust will be impaired.

by Sqworl
on Mon, 08/31/2009 - 20:01
#54669

I guess they got used the smell of the major double flush dump Bezos took a few months ago..lol

by Thoreau
on Mon, 08/31/2009 - 17:06
#54490

It won't crash until a lot more suckers are sucked in; someone has to be left holding the dung bag, and it sure ain't gonna be the criminal de la creme currently doing the propping.

Still, something has to give.

 

 

 

by Anonymous
on Mon, 08/31/2009 - 17:12
#54500

You switched over to Bloomberg TV from CNBC too?

We switched in our office last week. Shoulda been done long ago.

by Anonymous
on Mon, 08/31/2009 - 17:13
#54504

LOL. Is this man for real>?

by wcvarones
on Mon, 08/31/2009 - 17:13
#54505

You switched over to Bloomberg TV from CNBC too?

We switched over in our office last week.  Shoulda been done long ago.

by AN0NYM0US
on Mon, 08/31/2009 - 17:26
#54520

Bloomberg is okay - the mornings are really good right now as they are simulcasting Bloomberg radio (Keene and Prewitt) - but after labor day its back to Betty Liu who makes Erin seem like a rocket scientist. They also are really bad at recycling stories throughout the day.

FoxBusiness is a good alternative it you want to change things up a bit.

by Anonymous
on Mon, 08/31/2009 - 18:15
#54595

That's why you have 3 TV's providing disinfo overload.

by Anonymous
on Mon, 08/31/2009 - 18:41
#54620

Betty Liu has Jughead eyes. She'd be a bit more attractive if she would take a Red Bull or something before each broadcast.

by Anonymous
on Mon, 08/31/2009 - 21:05
#54700

Keene and Prewitt are the best. They should dump the TV and
just tape those two. I listen 1130 on the AM all the time.

by war6lock
on Mon, 08/31/2009 - 17:26
#54523

It probably was my wife Pandora. Her and Bernanke have a thing about creating money out of thin air.

by Anonymous
on Mon, 08/31/2009 - 17:33
#54538

interesting comments but he totally misses the issue with the july over june 2009 income figures....the increase was so small as to be statistically insignificant....why do people get so flustered over statistically insignificant changes in data?? sure we expected income to fall as he noted but initial estimates are subject to sampling error - even the final numbers are subject to sampling error....people have got to pull their heads from out of the inner butts....

by Anonymous
on Mon, 08/31/2009 - 17:38
#54551

Where the New PPT Hides

This article draws connections between the greatest financial bubble of all time and how the Fed uses names like AIG in a Ponzi scheme to offload U.S. debt. Hopefully it will be so obvious you’ll feel sick. It also explores High Frequency Trading and the myth of savings accounts.

http://www.gamingthemarket.com/2009/08/where-the-new-ppt-hides.html

by Anonymous
on Mon, 08/31/2009 - 18:20
#54598

The new PPT is the old PPT. "The Reston 6". 6 Hedgies based out of Reston, VA. Thank you.

by Anonymous
on Mon, 08/31/2009 - 22:56
#54755

ahhh yes, the reston 6 returns.

sounds like a great subject for a future post, yes?

by Anonymous
on Mon, 08/31/2009 - 23:11
#54766

nice article thanks

SRS = South Reston Sea Co.
FAZ = Fck All 0Hers

get the picture of who's on the other side of that trade?
look in the mirror maybe?

by gamingthemarket
on Mon, 08/31/2009 - 17:44
#54558

Where the New PPT Hides

This article draws connections between the greatest financial bubble of all time and how the Fed uses names like AIG in a Ponzi scheme to offload U.S. debt. Hopefully it will be so obvious you’ll feel sick. It also explores High Frequency Trading and the myth of savings accounts.

http://www.gamingthemarket.com/2009/08/where-the-new-ppt-hides.html

by Anonymous
on Mon, 08/31/2009 - 17:56
#54577

befuddles me as well...been waiting for the crash since june

fucking printing presses

by Anonymous
on Mon, 08/31/2009 - 18:08
#54588

Actually, the money is going into muni bonds (from pvt wealth mgmt).

http://debtsofanation.blogspot.com/2009/08/debts-of-spenders-muni-bonds-continue.html

Bears, I would be careful - ED futures are cyclically bullish in September. That means cheaper credit for leveraged plays. And if 99% of the people are uber bears in September, then the 1% of the population that is bullish will fadde them. . . just like they've been doing all summer long.

Flash trading and the like isn't even particularly necessary. Have you been looking at the Commitment of Traders reports?

I have. There are clues inside.

by Anonymous
on Mon, 08/31/2009 - 18:08
#54589

OhMy they are selling! Imagine that?

by Anonymous
on Mon, 08/31/2009 - 18:24
#54602

Sniff-sniff. Can we smell any-ting here?

by buzzsaw99
on Mon, 08/31/2009 - 18:26
#54604

"I don't know where the money is coming from to keep the markets from not plunging."

Keep the market from **not** plunging? That's rich. If he doesn't know then why the eff would I want to listen to anything he has to say? "Um, I don't jack squat, here's what I think..."

Do tell.

by Anonymous
on Mon, 08/31/2009 - 18:35
#54615

cause he has importantly sounding last name

by Humble Gentleman
on Mon, 08/31/2009 - 19:25
#54636

Are you talking about a minute and twenty-nine seconds into the video?

I listened to it a couple of times, and it sounds to me like he uses "not" instead of "from," which is the word I would have used. Although, I don't disagree with your sentiment, because I've seen him speak a couple of times before without being impressed.

by Anonymous
on Mon, 08/31/2009 - 18:46
#54623

I read this guy's book recently after seeing an article on Zerohedge from him. Marginally interesting, I bought it for $0.75 online, I think it was a stolen library book.

Anyhow, he basically says that through "liquidity" analysis you can determine whether or not the market in general will go up or down. Not very revolutionary in today's day and age, but maybe when it originally came out it was groundbreaking.

Things that decrease liquidity are things like stock buybacks, money flowing into mutual funds, insider buying, etc. These will increase stock prices.

Things that increase liquidity are things like stock offering, money flowing out of mutual funds, and insider selling. Based on what we've seen since March, there have been a shitload of stock offerings, and a shitload of insider selling. I have no idea what the mutual fund inflows/outflows are, but according to his liquidity theory, the markets should be tanking soon.

However, as we know, it's not. At some point something's got to give... right? RIGHT???

by Docinthedark
on Mon, 08/31/2009 - 18:49
#54624

Would be really great to see the latest from Bob Janjuah tight about now....was his 1022 for 4 days broken by a bit?  Does it matter? 

by Sqworl
on Mon, 08/31/2009 - 19:17
#54634

Off Topic...why am I not surprised????

As if Obama’s health care proposals were not flawed enough, CBS News reports a previously unnoticed provision of the bill which makes a shambles of any privacy surrounding your federal tax returns.  Under the House bill, the IRS is required to make available to the new government Health Choices Commissioner” established by the legislation and to each state health program all of your personal tax information.
In a blog, CBSNews’ Declan McCullagh reports that “Section 431 (a) of the bill says that the IRS must divulge taxpayer identity information, including the filing status, the modified adjusted grow income, the number of dependents, and ‘other information as is prescribed by’ regulation” to the “new Health Choices Commissioner and state health programs.”

                 And, McCullagh also reports that, under Section 1801(a) “the Social Security Administration can obtain tax return data on anyone who may be eligible for a ‘low-income prescription drug subsidy’ but has not applied for it.”

by Manfred
on Mon, 08/31/2009 - 19:25
#54641

Live coverage of the SO CAL fires streaming at

http://www.thestreet.ca

 

by MinnesotaNice
on Mon, 08/31/2009 - 19:33
#54648

Thanks... I loved the layout of the www.thestreet.ca

That is a really nice layout with all the blogs I read and the ability to click on them and they will open in the adjacent window... and all the breaking news... thanks for that... it has been saved and will be what I use from now on..

by MountainHawk
on Mon, 08/31/2009 - 19:25
#54642

I'm really looking for friday and the payroll numbers... can't the goverment jus as easily fudge this number?

by Sqworl
on Mon, 08/31/2009 - 19:31
#54646

Extremely dangerous Hurricane Jimena roared toward Mexico's resort-studded Baja California Peninsula on Monday, prompting emergency workers to set up makeshift shelters and chasing away an international finance conference.  Even God is pissed at these fucking bankers!

by MinnesotaNice
on Mon, 08/31/2009 - 19:34
#54649

Maybe the hurricane can put out the forest fire... if it does then we will know that 2012 has officially arrived.

by Gordon_Gekko
on Mon, 08/31/2009 - 19:39
#54652

Thank God for small mercies.

by Sqworl
on Mon, 08/31/2009 - 19:46
#54658

hahahaha..glad I did not buy that house in La Paz last month...

by Gordon_Gekko
on Mon, 08/31/2009 - 19:37
#54650

"I don't know where the money is coming from to keep the markets from not plunging."

LOL...either he's a moron or doesn't have the balls to say it openly (which is the primary reason we're going down the shitter). Here...I'll make it easy for ya...IT'S THE FED PRINTING PRESS. Got it? Good.

by Sqworl
on Mon, 08/31/2009 - 19:45
#54657

Its 401K money still being plundered by mutual funds and managers.  Hey, so the correction took you back 8 months, what's the big deal???

by e1even1
on Mon, 08/31/2009 - 20:26
#54683

"I don't know where the money is coming from to keep the markets from not plunging."

that expensive little prognostication model of his must not do so well in this environment. trim tripe.

by Anonymous
on Mon, 08/31/2009 - 19:47
#54660

Where did it come from? PFM, Pure Fuckin' Magic.

by Anonymous
on Mon, 08/31/2009 - 20:11
#54677

Creepy energy given the movie Biderman comet earth changed forever

by Anonymous
on Mon, 08/31/2009 - 20:30
#54687

The money is coming from china's sovereign wealth fund. They invested about 30 billion then took a long break. they started up at the begining of the year again and now the manager is gloating about how well he is doing. Lets see how long that lasts

http://capitalobserver.blogspot.com/2009/08/did-he-really-say-that.html

by Anonymous
on Mon, 08/31/2009 - 21:39
#54719

this market will go sideways longer than all of us can stay solvent.

rockyr

by Manfred
on Mon, 08/31/2009 - 22:24
#54722

unbelievable live video of B-747 fire bomber over LA fires

by Anonymous
on Mon, 08/31/2009 - 22:39
#54747

Remember the Alamo!

by JR
on Mon, 08/31/2009 - 22:43
#54750

This comment from Anon #54405  on another posts seems to fit well here…

Dr. Brett Steenbarger seems to be suggesting direct interventions into the stock market to buoy up stocks here:

http://www.ritholtz.com/blog/2009/08/the-recent-concentration-of-volume-in-financial-stocks-coordinated-capital-infusion/

Tyler, you also implied this in your earlier post.

The implications of this are mind-blowing! The government is now directly interfering with the financial markets on multiple fronts simultaneously.

_________________

quote:

…I took C, FNM, and FRE and expressed their *composite* volumes (e.g., the volumes transacted all exchanges) as a fraction of NYSE volume. What we see is that, early in 2007, those three stocks accounted for only 1-3% of NYSE volume. During the financial crisis of late 2008 and again as the market was bottoming in early 2009, that ratio skyrocked to well over 50%.

Recently, however, the volume in these three stocks has hit astronomical levels relative to total NYSE trading, as all three have made phenomenal percentage gains during August. Indeed, the composite volume of these three stocks alone has recently doubled total NYSE volume. If we look at just the NYSE trading of these firms, they are accounting for about 40% of NYSE volume

My best guess? We’re seeing a massive infusion of capital into very troubled financial institutions, no doubt aided by short covering and the participation of program traders and proprietary daytrading firms. Where is the capital coming from? Why has it poured in so suddenly (the really large infusions began in early August)? Why is it coming in at such a pace that it is dominating NYSE volume? Zero Hedge rightly wonders why this hasn’t triggered alarms at the exchange. And why is it happening with only the weakest financial institutions? ...

by Anonymous
on Mon, 08/31/2009 - 23:40
#54787

this is certainly important information but
not nearly so novel as one might suspect....

the president's working group on financial
markets is designed expressly for this purpose
and has been in existence since 1987....

the extent of its reach has grown to new extremes....

the financial terrorists and oligarchy must be
crushed and the fire economy quenched....it is
a parasitic destroyer of a productive and
healthy economy.....

we are in the end game of the fire economy
bonfire...the plutocrats are sacking the economy
- just as the barbarians did of rome - before
taking capital elsewhere...

the debt levels are way too high for any further
productive economic growth....we are doomed
so long as the parasite lives....

1% of americans control 57% of its wealth - up
from 37% in 1979....this is the greedscam
and bernanke legacy...it is an outrage...

by Anonymous
on Tue, 09/01/2009 - 00:02
#54794

Excellent questions.
-AnonymousZero

by Anonymous
on Tue, 09/01/2009 - 00:04
#54796

"...why is it happening...?"
Um...since it is easy to do with other people's money, and so that the populace does not panic, while the politicoes continue to distribute other public funds to reward various supporters?

by Mediocritas
on Tue, 09/01/2009 - 02:45
#54836

Most people (me included) expect to see another big fat equity collapse to put valuations closer to something resembling economic reality. The problem is that when most people expect something, markets have a habit of handing out the punishment.

That makes me nervous.

In truth, with markets as manipulated as these, I really don't have a clue what's going to happen in the near term. That's not something I like at all. Veeery close to joining the exodus of capital from the USA, but I do like the action in a perverse kind of way.

by TomJoad
on Tue, 09/01/2009 - 06:40
#54878

Send Lawyers, Guns, and Money.

by I need more cowbell
on Tue, 09/01/2009 - 07:09
#54887

... the shit has hit the fan.

RIP, WZ

by Cindy_Dies_In_T...
on Tue, 09/01/2009 - 06:59
#54884

Send Lawyers, Guns, and Money.

 

I'll never understand why people make that statement. Lawyers? what the fuck do you expect us to do? Gimme a semi automatic, thank you very much.

 

 

by I need more cowbell
on Tue, 09/01/2009 - 07:10
#54888

Google Warren Zevon, doll. Just a hip song reference- you do realize all posters here are uber-cool, eh?

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