Themoose

Goldman says its checks indicate reports that the Belarusian Potash authority was in final-stage negotiations of its 2010 contract with China were taken out of context, and that talks aren't as far along as thought. Firm now expects negotiations to lead to prices in the low $300/ton range, well below Street expectations. POT -1%. AGU -1.5%.

When does this end, they can do whatever they want. Talk about modern day mafia... brutal..

A look at credit-default swap prices on sovereign debt suggests that default risk in Russia and Australia has declined the most this year (-77%), while it declined 68.1% in the U.S., most of any G-7 nation. CDS prices rose 1.8% for Japan, but starting from a lower base.

How does one get pricing and access to CDS? it seems like a far off place for a select few

As part of an overhaul of the Enforcement Division announced last month, the SEC has reportedly hired Adam Storch, 29-year-old ex-Goldman Sachs (GS) fraud analyst, as the unit's first chief operating officer.

wow... they hire another GS person... what a F@#$ surprise..

BlackRock (BLK) Chairman Laurence Fink says the Treasury's intervention in the mortgage markets is undermining the securitization market, and is "one of the biggest issues facing American capitalism." Saving banks from their own greed by trashing contracts has destroyed investor confidence, which must be repaired, he says.

Wow Tom, great post, I have to print this one out.

What's important to watch during the 'fascinating' Q3 earnings season is not whether firms beat the Street, but how traders greet the expected good news, Jack McHugh writes. Noting shares of Alcoa (AA) have declined steadily following surpisingly good earnings last week, he warns "a correction or worse might be in the offing."

who finds all these articles, there is nothing but negative articles on this site, its unreal. Another person calling for a pull back.. good luck..

O Canada! (Part I): Investing in the World's Soundest Banking System

umm.. did you know the gov't of Canada took 60 billions dollars of mortgages off the Canadian Banks balance sheets? Didn't see any mention of that in your article? If you think your bankers are chum chum in the states our bankers and gov't are family. I guess it's best not to know what's really going on right?

Treasury Secretary Henry Paulson urged Goldman Sachs (GS) and Wachovia to merge last year - and Paulson and Ben Bernanke told John Mack he should sell Morgan Stanley (MS) to JPMorgan Chase (JPM) for $1/share - according to Andrew Ross Sorkin's Vanity Fair excerpt of his coming book. "Hank, if you do this, you'll get killed," Sorkin reports Paulson's chief of staff said about concerns that Paulson would be lining Goldman's pockets, and that "Government Sachs" theories would flourish.

Im sure the book will be extreme GS bullsh@#$. If there was anything negative about the book towards Wall St. it would never have been published.

From a just-released poll of 180 global equity strategists: Major world stock markets will likely stutter to the end of the year. "Sentiment has become way too optimistic."

another negative article.. this site is dominated with negative articles, and everyone wonders how much higher we can go..

Another bad sign for recovery: the sharp drop in start-ups. Businesses in their first 90 days of life accounted for 14% of hiring between 1993 and 2008. Business starts usually dip in recessions, but this decline has been steeper, with start-ups dropping 14% from Q3 2007 to Q3 2008.

Boring.... this site is dominated by nothing but negative articles while the market skyrockets...

After meeting yesterday with Goldman Sachs (GS -2.3%) CFO David Viniar, Citigroup analyst Keith Horowitz says proposed rules on derivatives, commodity position limits and higher capital requirements could very well benefit Goldman due to its "expertise in high volume electronic trading." Firm boosts Q3 forecast for GS to $4.20, from $4.

Incredible. On one hand everyone in the media questions why anyone didn't suspect Merdoff as he "made consistent returns" forever, Hmmmm GS, anyone? Everyone knows that their black box stuff etc is all front running etc, I would imagine 80% of the fees they generate are off the back of someone else or their clients. At one point not too long ago, GS traded at a discount to other dealers because of their hedge fund mentality, now they trade at a premium to it, because they "always" make money !!! It's a time bomb!!

David Rosenberg joins a chorus that wonders if yesterday's broad selloff after positive FOMC news marked - at long last - the top.

lol.. he's only been calling the top for the last 2000 dow points...

Oil / CAD Correlation Tested: Long Side to Benefit

I really don't understand the Oil relationship with the CAD, as a percentage of their GDP, oil exports are less than 4%, goes to showo show how F@@#$ these markets are

"Anyone advising clients to 'buy the dip' based on sideline cash shows a fundamental lack of knowledge about how markets work," Mike 'Mish' Shedlock says, noting retail investors' "have to get in" attitude is nearing panic level. "Risk is not high," he says, "it is extreme."

Agree, those left watching the boat sail away have a far bigger problem when inflation spikes and stocks double again from here.

Hank Greenberg's plan to restructure AIG's bailout includes slicing the government's stake to 20% from 80%, and lengthening the term of the government's loans while reducing the interest rates. Separately, a report (.pdf) from the GAO today said federal supports are helping to stabilize AIG (AIG +22%), though it's too early to tell whether it can restructure its businesses and repay taxpayers.

Isn't Hank the guy who started all this mess, huh? What the F#$%

Lessons from a Market 'En Fuego'

Common sense Thomas, another great post. All the negativity comes from managers who have missed the boat big time. Savings rate increasing? Yep, and that also can mean the purchase of stocks. As for the thesis that more savings mean less spending, hogwash. The whole world is awash in a liquidity driven cycle that will send the economies into hyper drive, might as well go along for the ride. Will it end badly, probably, so I need to make a boat load of cash in the meantime.