36 South Capital Advisors to Open Another Black Swan Fund
These guys nailed the 2008 crisis with a 234% return via options. Well, they’re at it again and plan to open the Black Eyrar Fund within the next three months.
Comments »“Option prices have come back down to the point where we believe it is worthwhile starting a fund.”
Today’s Top Performing ETFs
No. Ticker % Change
1 NUGT 7.08
2 GAZ 6.59
3 BDD 5.51
4 AGQ 5.34
5 SIL 4.96
6 BXDD 4.16
7 JJT 4.14
8 PSLV 3.97
9 CU 3.96
10 XIV 3.83
11 GDXJ 3.60
12 GDX 3.56
13 CZM 3.52
14 DRV 3.48
15 EDC 3.27
Smoke Emanating From Reactors 1-4
Things are looking dicey again at Fukushima, with elevated radiation levels and smoke billowing from reactors 1-4.
Related: the NIKKEI opened up 0.4%
Comments »Video of Syrian Massacre (extremely graphic)
The Syrian government slaughtered many people yesterday, none armed.
No word on whether Obama and the French intend on sending in sorties.
And here are the protests to the atrocities committed yesterday in Daraa
[youtube:http://www.youtube.com/watch?v=910COswBi3k&feature=youtu.be 550 400] Comments »Economists Worried Over Core Rate of Inflation; May Pose Risks For Fed
U.K. Woes Could Spell QE3 and Stimulus for the U.S.
Auto Makers Feel The Pain of Supply Shortage From Japan
Conoco Phillips Asset Sale May Rise Significantly
Legg Mason’s Bill Miller Says The Market is 20% Undervalued
The Fed is Silent on AIG’s Offer Despite a $1.5 Billion Profit
Morgan Stanley: Japanese Disaster to Trim Global Growth to 3.8%
They are guestimating a 0.5% decrease in global growth in 2011, down to 3.8%.
Comments »Another Chinese Fraud: CHME
Unreal.
Comments »Co is currently conducting an internal review to determine the degree of material inaccuracy of the previously issued financial statements and the underlying causes. The Company is currently unable to quantify the extent of the required accounting adjustments pending completion of its internal review. As a result, the Company is unable to estimate the anticipated change in its results of operations for the fiscal year 2010 as compared to those in 2009 as of the date of this notification.
Investors Continue to Flee Chinese Listed Stocks
Thanks to outright fraud from a number to Chinese listed name here in the US, investors have been shooting first, asking questions later.
Here are some of today’s big losers.
CAAS -12%
DGW -12%
JGBO -12%
YONG -10%
CBEH -10%
SIHI -10%
BONA -7%
DANG -6%
Gold/Silver Stocks Surge
Despite dollar strength, investors piled into precious metal names today, as gold and silver surged to new highs.
AUMN +24%
MGH +13%
UXG +11%
GPL +10%
KBX +8%
HMY +8%
MMG +8%
EGI +7%
GRS +6%
AG +6%
Today’s Biggest Winners
Ticker % Change
AUMN 24.1
MOBI 22.05
SYMX 21.71
FSII 18.66
FACE 17.03
AEHR 16.38
OMEX 15.92
VRML 15.7
KV-A 14.75
BSDM 13.87
MGH 12.82
TXCC 12.55
——————-
Crack Spreads Moderate
Spreads pulled back by another 4.4% today, following yesterday’s 5.5% decline, down to $22.
Comments »Micron beats by $0.04, beats on revs
revenues rose 15.1% year/year to $2.26 bln vs the $2.07 bln consensus.
Comments »Flash: Portugal Rejects Austerity
They voted it down because they like to spend money.
Comments »