Posted by admin! / Under Short Term Trading
A beautiful Brazilian soap star has the lead role in her own daytime drama, which casts George Soros, the billionaire financier of lefty causes, as a heavy who not only broke her heart, but also reneged on a promise to give her an Upper East Side apartment worth $1.9 million. The drama will be staged in Manhattan Supreme Court, where 28-year-old Adriana Ferreyr yesterday filed a blockbuster $50 million suit charging, among other things, that the frisky octogenarian slapped her around while they were in bed discussing his real-estate betrayal. The sultry actress and the mogul, who's worth some $14.5...
Published on Tuesday 22nd of May 2012 04:50:52 PM
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Posted by admin! / Under Short Term Trading
It has not been Jim Caron's decade. The Morgan Stanley rates strategist, riding on the coattails of the always wrong Morgan Stanley economics team led by David Greenlaw, has been wrong in his annual rates call year after year after year. Which is unfortunate because while unable to see the forest for the trees, Caron does have a better grasp of rates than most other Wall Street penguins. That said, just like everyone else in the status quo, Caron has just come out with another short duration call (i.e. sell bonds), probably the 6th time in a row he has...
Published on Tuesday 22nd of May 2012 04:50:52 PM
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Posted by admin! / Under Short Term Trading
Chief of Staff Lt.-Gen. Benny Gantz said Thursday that “In any future warfare there will be an effort to bring about a swift result and to cut down the time that the fighting lasts, because we know that our ability to decide the battle depends on the Home Front’s resilience.” Photo Gantz spoke at a ceremony at the Chief of Staff’s bureau in Tel Aviv, in which Brigadier General Eyal Eizenberg was promoted to the rank of major general. Eizenberg will replace Maj. Gen Yair Golan as Home Front Commander in the coming days. Golan will become Head of Northern...
Published on Tuesday 22nd of May 2012 04:50:52 PM
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Posted by admin! / Under Short Term Trading
Martin Short's brilliant tribute to the killing of Osama Bin Laden performed on Letterman last night. http://www.youtube.com/watch?v=O9t9A1NQd1E
Published on Tuesday 22nd of May 2012 04:50:52 PM
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Posted by admin! / Under Short Term Trading
Unfortunately, the sight of dozens of trainee solicitors arriving for work in “very short skirts” did not fill senior partners with the joys of spring. After several complaints about the amount of flesh on show, an email was sent to the company’s 105 trainees reminding them of the sartorial standards expected by their employer — one of the five leading firms in the City known as the “Magic Circle”. Women were told to increase the lengths of their skirts and reduce the height of their heels or face “uncomfortable discussions” with the human resources department. “We’ve been asked to draw...
Published on Tuesday 22nd of May 2012 04:50:52 PM
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Posted by admin! / Under Short Term Trading
Last month bond giant PIMCO officially abandoned Treasuries completely.
Published on Tuesday 22nd of May 2012 04:50:52 PM
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Posted by admin! / Under Short Term Trading
If there is one obvious short in the global economy for 2011, it has to be Australia. They have developed a leveraged relationship to growth in China, with an internal currency that has appreciated to parity with the US dollar. This sets their equity markets up for a serious beating if any of the following happens. I personally would not be shocked if all 4 of these happen at or near the same time. Slowdown in Chinese demand for raw commoditiesHousing Bubble Pops due to raising interest ratesRaising interest rates due to inflation expectationsYuan ~ US Dollar volatility Any slow...
Published on Tuesday 22nd of May 2012 04:50:52 PM
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Posted by admin! / Under Short Term Trading
There were reports out today that JP Morgan has now admitted to having their massive naked short position in silver and is taking steps to reduce it. According to the Financial Times in London, "JPMorgan has quietly reduced a large position in the US silver futures market which had been at the centre of a controversy about its impact on global prices for the precious metal." According to a person familiar with the matter, "The decision by JPMorgan was an attempt to deflect public criticism of the bank’s dealings in silver." JP Morgan said in a statement, "It is absolutely...
Published on Tuesday 22nd of May 2012 04:50:52 PM
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Posted by admin! / Under Short Term Trading
It is widely known that J.P. Morgan (NYSE: JPM) holds a giant short position in silver. Furthermore, some observers are accusing the bank of acting as an agent for the Federal Reserve in the market - every tick higher in the price of silver undermines confidence in the U.S. Dollar. A lower silver price helps keep the relative appeal of the U.S. dollar and other fiat currencies high.By selling massive amounts of paper silver in the futures market, JPM has been able to suppress the price of the precious metal. It is believed that these short positions are naked (i.e....
Published on Tuesday 22nd of May 2012 04:50:52 PM
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Posted by admin! / Under Short Term Trading
"I never short America and I never short the U.S. dollar. The United States has an instinctive ability to self-correct."-- Gordon Nixon, chairman and CEO, Royal Bank of Canada --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- He told me that in an interview in September 2009 when the media, and politicians, were predicting the decline of the United States. This week, six months later, markets are waiting for the breakthrough jump in this Friday's U.S. Labor Department job-creation statistics, with estimates as high as 200,000 new jobs in March. Last week, Commerce Department spending had risen for the fifth consecutive month, which points to optimism and...
Published on Tuesday 22nd of May 2012 04:50:52 PM
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