[youtube:http://www.youtube.com/watch?v=BCYGVKBOcCo&feature=player_embedded 450 300]
Comments »Chanos is Smiling From Ear to Ear Being Long Corruption and Short Property
Did Bill Ackman Make a Blunder Trade ?
Check Out How El-Erian Measures the Health of a Bank
EU Ministers Consider More Firepower On Debt Problems Given Global Equity Meltdown
Really they just noticed there was a problem in the market place.
Who hired the Euro trash ?
EU Regulator: Mid Tier Banks Will Not Be Pushed To Raise Capital Any Sooner Than the Current Time Table
Today’s FT headline that made the market rally was all conjecture and mis direction out of Europe.
Comments »Geithner Says He is Sure the EU Will Boost the Bailout Funds For the Sovereign Debt Crisis
“They recognize that if you let, as the United States did in the early part of 2008, the momentum of these concerns build, they’re very hard to arrest, much more expensive to arrest,” Geithner said.
“So you’re going to see them act with more force in the coming weeks and months,” he said.
“I am very confident they’re going to move in the direction of expanding the effective financial capacity of that set of financial ring fences because they have no alternative and they recognize that and they’re going to do it,” Geithner said.
Comments »Lunch Break: Ignore The Talking Heads
Thankfully, we are not alone @ iBC
[youtube:http://www.youtube.com/watch?v=EHJmPcILfg8 450 300] Comments »A Goldman Note on what Companies Will Get Crushed With U.S. Austerity
Anatomy of a Bubble
Global Ponzi Scheme Crumbles
EU Ministers Appear to Agree Upon a Greek Default
The fuckers in the EU love to drag shit out….get it fucking over with you wine sipping frog leg eating girly men.
Comments »Citi Note on The Family Jewels
Black Toast
Technicals are hard to call during extremely volatile markets, but it would appear as of this morning that the S&P is toast.
IMO Were looking at a test of 1045 area with a possible breach of 1000.
So don’t be afraid to keep your powder dry a little while longer.
Given all the news one would think gold would be up. This is the only curious trade i can not figure out momentarily, but longer term this should be a buying opportunity.
Here was a piece FYI on $1700 gold
At any rate, the t.v. keeps talking about hope. I say fuck hope given a possible banking contagion.
The markets still have some resilience despite all the negativity. Look for the 1140 level on today’s close. Below that we have 1120, 1100, 1045, 990. Thankfully the S&P has bounced off the 50 day of 1132ish. Let’s hope for a hold of this area, but I will not bet on it.
Oversold territory has only been a bounce effect lately. I suppose it is important to note that we are very oversold.
The 1050 area tested last June feels like the magnet area to where we might get pulled down too.
Good luck to all.
[youtube:http://www.youtube.com/watch?v=UxrljsaGrqc 450 300]
Comments »
EL-ERIAN WARNS: “These Are All The Signs Of An Institutional Run On French Banks”
ROUBINI: Recession Is At This Point Unavoidable, And It Could Be Worse Than 2008
DICK bove: Moody’s ‘Out of Its Mind,’ Ratings Action ‘Absurd’
“The claws are out and it’s going to get bloody”
How Much Monetary Policy Is Too Much ?
IMF Reports on Additional Financial Risks
Investors seeking yield are now on the list of risks to the global financial stage.
Comments »
