Full story here from ZeroHedge.
Albert Edwards, whose opinion, of all macro economists, is among the most respected by Zero Hedge staff, has just thrown down the gauntlet. In his just released piece he mocks the Black Knight, compares the market to a Polish dude with a bullet stucj in his head, makes fun of koolaid [...]
High frequency ‘fat finger’ on Citi:
http://www.zerohedge.com/article/hft-fat-digital-finger-breaks-citi-stock-shares-halted-circuitbreaker-triggered-stock-plungi
S&P busting 900 next?
http://www.zerohedge.com/article/timber-right-shoulder-dislocated-865-next
http://www.zerohedge.com/article/cold-shoulder-goldman-warns-if-1040-taken-out-sp-865-next-stop
http://www.zerohedge.com/article/bond-yields-imply-fair-value-sp-750
http://www.businessinsider.com/closing-bell-june-29-2010-6
Don’t forget Euro-spanking!
http://www.zerohedge.com/article/imf-preparing-bailout-cataclysm-part-2
http://www.ft.com/cms/s/0/a3874e80-82e8-11df-8b15-00144feabdc0.html?ftcamp=rss
http://www.huffingtonpost.com/2010/06/29/europes-massive-austerity_n_629062.html
And ‘finance reform’ (ugh):
http://www.huffingtonpost.com/2010/06/29/wall-street-reform-confer_n_629257.html
http://www.huffingtonpost.com/2010/06/28/scott-brown-may-oppose-wa_n_627986.html
Full story here from ZeroHedge.
Joe Saluzzi has been let out of his cage and is disseminating yet more truthiness, this time on Bloomberg with Margaret Brennan, where he references the ICI number we disclosed yesterday about $28 billion in equity outflows and says he “doesn’t really blame” investors for bailing. After ongoing daily stock beatings, [...]
Full story here from ZeroHedge. If melt-ups are your thing, check this one out on options here.
It seems like it was just a year ago when we noted the first instance of SPY becoming hard to borrow. Well, it was. To wit, from April 22, 2009:
Developing story: Traders confirm several locations indicating SPDRs are no [...]
E-Mini Futures Trading Course
Full story here from ZeroHedge.
At 112.8 million shares traded, the SPY just recorded its lowest volume day for 2010. One of the possible reasons for this: mutual funds are rapidly running out of cash to buy stocks. As Bloomberg notes, “equity mutual funds are burning through cash at the fastest rate in 18 years, leaving [...]
Hopefully you’ve all been applying your ShadowTrading skills and getting in some trading every day. The volatility has been good on various instruments and you have a lot of choices out there (e-mini’s, 6J, 6E, CL, NG, etc). Looking at the graphs, the news and the general geo-political vibe out there, I feel it necessary to [...]
Full story here from ZeroHedge.
“What happened at 12:03pm Eastern Time? There were no reports out, the 10-YR Note auction wasn’t until 12pm, and the S&P500 was a bit stonewalled just under 1137.00 after a rally from the day’s low. As the market advanced slowly through the congestion it hit: a MASSIVE order, or series of [...]
Full story here. If Professor Roubini had to live on his market calls, he’d be saying “Spare change?” a lot.
“Nouriel Roubini, Dr Doom the academic economist who has repeatedly peddled the stocks bear market case to a captured audience of naive investors has again come out with another in a series of Doom stories to [...]
An interesting set of predictions here. In honor of the “Cold Turkey” message below, I include the John Lennon tune of the same name.
“Bob’s World: Happy Christmas, Cold Turkey Time
There are 5 things that really matter now: There are 3 ‘players’ – the Private Sector (‘PS’) individuals, non-fin’l & fin’l corporates), the Policy Maker (‘PM’) [...]