World Markets - URL

Wed Sep 14, 2011 8:28 am by roccman

http://money.cnn.com/data/world_markets/americas/

live

Thu Sep 15, 2011 8:19 am by mcgowanjm

Note Shanghai.

Fri Sep 23, 2011 7:17 am by mcgowanjm

As oil is so important a barometer,

why isn't a $10 a BBL drop not sending the Markets to the moon?

Crude at $78 now.

Fri Sep 23, 2011 7:31 am by Oilganism

CNN does have a good setup for watching the markets. It seems to take bigger and bigger changes in the price of oil to move the markets anymore. I get the feeling everyone is sitting on their hands waiting for the confidence train to show up with a big ol' load o' hope.

Watch CNBC for a few minutes when the market takes a tumble. It's a parade of cheerleaders and arcane language presented with subtle desperation. I bet if you counted the number of times they say the "growth" you'd see them use it much more when a big slide happens. Rolling dice would probably predict better the next day's outcome.

Oilganism

Fri Sep 23, 2011 8:23 am by mcgowanjm

^^^

Notice the complete run around the word

'collapse'.

How many ways can you describe 'collapse' using the word
'growth'.

State Tv has used everyone.

And they don't even try to explain how the markets gyrate a 1000 pts in a couple
of days anymore.

And the Ultimate Contrary Indicator.
Investors are Still looking to BTFD... :twisted:

ZH:

And in spite of how weak the market has been, about 90% of what I have read or heard today, tells me investors are still dying to get long. Everyone seems convinced we bounce. Even the bears are more willing to wait to see if we break down before adding to shorts. Please look at the other rants or useful comments you get and see how many are saying this market should be sold? The stuff I am seeing is overwhelmingly of the nature "it is bad, but it is priced in and we are due for a massive bounce".

Fri Sep 23, 2011 8:30 am by mcgowanjm

By the end of next week, gold will be breaking $1500....

Sat Nov 05, 2011 7:44 am by mcgowanjm

mcgowanjm wrote:By the end of next week, gold will be breaking $1500....

$1480 now.

The above was September 23 dated.
these fuckers have been stealing to keep this ponzi going.
And isn't that as it should be?
that at the end there will be no doubt.
Nowhere to hide.

Don Corzine should be in jail now.
There is ZERO way that he did NOT know that MFGlobal
was stealing from clients.

$1.45 Billion and counting.

Tavakoli:

“Repo to Maturity” Transactions Are in Substance Total Return Swaps, a Type of Credit
Derivative. Fallout Is Worse Than Lehman For the Exchange-Traded Futures Markets.
By Janet M. Tavakoli, President, Tavakoli Structured Finance, Inc.
11/4/2011

Sat Nov 05, 2011 7:47 am by mcgowanjm

MR Margin on Line 1, sir.

He told me to tell you that if you don't take his call
your Accounts will be liquidated by Close of Market... :twisted:

Monday PM.... :roll:

The CFTC and
other regulators had the information right under their noses, but it appears they didn’t understand
that they were looking at a leveraged credit derivative transaction that could lead to margin calls that
MF Global would be unable to meet.
Even if all the money can eventually be recovered, it doesn’t change the fact the MF Global took
impermissible steps.
Liar’s Poker
Here’s a crazy but true side note. Michael Stockman, the chief risk officer of MF Global (as of January
2011), was in our Liar’s Poker training class lampooned by another classmate, Michael Lewis.
More Liar’s Poker
Last week when customers asked for excess cash from their accounts, MF Global stalled. According to
a commodity fund manager I spoke with, MF Global’s first stall tactic was to claim it lost wire transfer

=Tavakoli

Sat Nov 05, 2011 8:31 am by mcgowanjm

http://economistsview.typepad.com/econo ... attle.html

When I was a kid in college, the operative word was
'borrowed' as in,

'I didn't steal it, I just borrowed it' :twisted:

Same Shite, just that we're dealing in Billions here:

As a formerUnited States senator and a former governor of New Jersey, as well as the leader of Goldman Sachs in the 1990s, Mr. Corzine carried significant weight in the worlds of Washington and Wall Street. While other financial firms employed teams of lobbyists to fight the new regulation, MF Global’s chief executive in meetings over the last year personally pressed regulators to halt their plans.

The agency proposing the rule, the Commodity Futures Trading Commission, relented. Wall Street, which has been working to curb many financial regulations, won another battle.

Yet with ... $630 million(EDIT-$1.45 Billion ) in missing customer funds, Mr. Corzine’s effort may come back to haunt him.

The proposed rule would have restricted a complicated transaction that allowed MF Global in essence to borrow money from its own customers. ... While such financing is not unknown on Wall Street, it carries substantial risk. ... Regulators are now examining whether these transactions explain the missing money at MF Global. ...

Posted by Mark Thoma on Friday, November 4, 2011 at 12:24 AM

Sun Nov 06, 2011 10:41 am by mcgowanjm

I'm starting to see a lot ot 'for fear of reprisals' out there
concerning

MFGlobal, CFTC, CME.

Who would be doing the reprising?.

Why would the reprisors not fear indictment?

LMFAO

CME Group and the CFTC should have protected customer money in late October when it was clear the firm was in trouble, said an introducing broker who has been an MF Global customer for five years and also requested anonymity for fear of reprisal.

Dave Gary, a CFTC spokesman, didn’t immediately return a call for comment.

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