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RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 21/12/11
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21st of September?
Christmas cheer or way to much Euro main line fixes. Got me fucked.
This Goose is Cooked
Put a frigging fork in this distraction before Japan ignites.
It is Ovvvvveeerrrrr
NYT: Email Clues in Tracking #MFGlobal Client Funds http://soc.li/uV31saN to #JPM
http://dealbook.nytimes.com/2011/12/20/e-mail-clues-in-tracking-mf-global-client-funds/?smid=tw-nytimesbusiness&seid=auto
official - But I forgot what I was doing, I'm so confused, Im ...... Innocent I tell you... ask Obama.
I have facial Hair like Bernake so I'm trustworthy.
So many lamp posts so little rope
Investors appeared to have lost faith in stocks this year.
Just over a week ago, equity mutual funds globally had the second-biggest one-day outflow of money in 2011, capping four straight weeks of net redemptions, according to data from EPFR Global.
Worldwide, investors have yanked $34 billion out of equity funds this year and put $75 billion into bonds.
Lost faith in equities or lost faith in idiot mutual fund managers?
Thus question: Once money will be flowing back into equities, you think it will be done via mutual funds?
from G Edward Griffin of creature from jexkyll island- excellent video
in general this is not my style, but I would like to warn all traders about ubs broker dealers. this is a copy of a letter I sent them. they can be reached at comments@ubs.com
to whom it may concern, I owned a stock called cmda last evening and the stop loss was set below the close of yesterday. the security in question opened higher this am, but due top your trading platform the security was sold with a stop loss. my stop was for 57.26 it closed last night at 57.71. it opened at 57.89. today the stock sold at 57.00. this is unacceptable. the security in question opens up from yesterdays low, doesn't trigger, but trades this am. if you are going to randomly alter the bid ask spread to make sure you capture trades and profits on a random basis you should not be offering to be a broker dealer of the security. While it is only 10 shares the principle is the same regardless. In the past vanguard has gotten the security back for me, but in this instance they are saying nothing can be done. 1) I would like to make a formal complaint, it appears you alter the spread capturing the trading revenue and I think this practice should be illegal. Sincerely, in addition if have a great deal of difficulty thinking a corporate client or hedge fund that uses your services would accept this. Is it only the retail customer that you steal this from? You can be certain that this episode will find it's way to large number of financial web sites/ blogs