OTC

Tyler Durden's picture

Citigroup Just Cornered The "Precious Metals" Derivatives Market





What JPMorgan is doing to the "Other" commodities space, Citigroup has just done to the "Precious Metals" derivative market.

 
Phoenix Capital Research's picture

The Fuse on the Global Debt Bomb Has Been Lit





At the end of the day, the “Greek” issue is in fact a “debt” issue. And Greece is just a drop in the ocean of debt sloshing around the financial system.

 
 
Tyler Durden's picture

"Uncontained" - Greek Stocks Crash 17% As European Banks Plunge Most In 3 Years





Despite the Greek stock market being closed there is an option for hedging the exposure that all the smart money has been building to Greece in the past few days - GREK - the US-trade Greek ETF. In the pre-open, GREK is trading down 17%. While the best efforts of the SNB are underway to protect the markets from unease, European banks are suffering the exact 'contagion' that we were told numerous times would be contained... led by limit down moves in Italy.

 
Tyler Durden's picture

A $300 Million Layover: CYNK Mastermind Arrested After Phoenix Diversion





Today's Lesson: If you ever find yourself with $300 million in illegal gains, don't fly commercial.

 
Tyler Durden's picture

The Last Rebels: 25 Things We Did As Kids That Would Get Someone Arrested Today





All of this babying creates incompetent, fearful adults. Our children have been enveloped in this softly padded culture of fear, and it’s creating a society of people who are fearful, out of shape, overly cautious, and painfully politically correct. They are incredibly incompetent when they go out on their own because they’ve never actually done anything on their own. Raise your hand if you survived a childhood in the 60s, 70s, and 80s that included one or more of the following, frowned-upon activities...

 
Tyler Durden's picture

Trapped In A Bubble





When in a hole, stop digging. But when in a bubble, keep blowing.  Our ruling and wealthy elite are worried that they are stuck in their own ponzi scheme or bubble and are suffering from the general problem of all ponzis and bubbles – how to get out.

 
Tyler Durden's picture

Frontrunning: May 26





  • Developed-Country Growth Slows, OECD Says (WSJ)
  • Charter Agrees to Buy Time Warner Cable for About $55 Billion (BBG)
  • Dollar hits one-month high as periphery woes weigh on Europe (Reuters)
  • IMF Says Yuan No Longer Undervalued Amid Reserve-Status Push (BBG)
  • Hanergy secured $200m loan ahead of solar group stock tumble (FT)
  • Congressional Inaction Threatens NSA Spy Program (WSJ)
  • Germany sees progress on Greece, EU officials to confer on Thursday (Reuters)
  • Hayes ‘motivated by greed’, prosecutor says in Libor case (FT)
  • Whistleblowers Find SEC Rewards Slow and Scarce (WSJ)
 
Tyler Durden's picture

Behind The Scenes In FX Trading: What Is Really Going On





With HFT algos now firmly entrenched in FX markets we weren't surprised to learn that volatility is rising, bid-ask spreads are blowing out, and liquidity is vanishing. Expect things like last October's algo-driven, Fed-assisted Treasury flash crash to become par for the course in FX markets as well, with harrowing USD, EUR, JPY, [fill in the blank] ramps and flash crashs becoming the norm and leaving panicked central bankers desperately trying to figure out what happened after the fact.  

 
Tyler Durden's picture

How China's (Formerly) Richest Man Crashed His Own Fortune When He Tried To Sell A Stock





One year ago, we explained "How The Market Is Like CYNK." Earlier this week, China's richest man found out how right we were, in the hardest way possible

 
Tyler Durden's picture

Gold Hits 3-Month Highs Amid "Frenetic Liquidity"





Gold topped $1230 this morning - breaking to 3-month highs and up over 4% year-to-date - up 5 days in a row for the best run in 4 months. The surge comes causally or correlatedly coincidental with China's explicit shift into extraordinary measures (LTROs) but, as The FT reports, market participants are concerned that algo-based funds have created a "frenetic liquidity" environment as everyone from real money to central banks "aren’t trading the gold market the way they used to."

 
Tyler Durden's picture

Former NATO Commander, Presidential Candidate Makes Millions Pushing Penny Stocks





Gen. Wesley Clark has been a busy man since retiring from public service with a plan to make $40 million. In addition to chairing notorious investment bank Rodman & Renshaw, the former NATO allied commander and one-time Presidential hopeful has thrown his face and fame behind a plethora of OTC-listed companies, Bloomberg reports. From grilled cheese sandwich trucks to hydroponic lettuce companies run by the real-life Bud Fox, Clark's name has become so synonymous with doomed penny stocks that one fund manager calls his very appearance on a company board "a red flag."

 
Tyler Durden's picture

A Tale Of Two Graphs - Why Bubble Finance Will Fail





We have called this a tale of two graphs. But what it really describes is a clear and present danger to American capitalism fostered by an unelected monetary politburo in thrall to its own lust for power and mesmerized by its own doctrinaire group think. The tragedy is that nothing can stop them except the thundering crash of the gargantuan bubble they have single handedly enabled.

 
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