Seeking Alpha


Send Message
View as an RSS Feed
Latest  |  Highest rated
  • "What do you call a 'rogue' trader who makes $2B," asks the WSJ's David Weidner. "A managing director." Catching improper trading is quite simple, according to the Champ, Nick Leeson. The fact is, it's allowed because of the winners.  [View news story]
    What do you call a rouge trader who loses 2B?....FIRED!

    It is quite simple. It is either zero or hero. No other option.
    Sep 15, 2011. 10:59 AM | 1 Like Like |Link to Comment
  • The ECB and other major central banks announce - in coordination with the Fed - the opening of dollar liquidity-providing operations. The news means the ECB will be able to offer EU banks dollar funding as necessary. Bank of England. Bank of Japan. SNB.  [View news story]
    If Madoff got 125 years, how many years should these central bankers get? 1250 years...EACH?
    Sep 15, 2011. 10:45 AM | 1 Like Like |Link to Comment
  • Some European bank share reactions to the central bank news: BNP Paribas (BNPQY.PK) +22%, SocGen (SCGLY.PK) +10.5%, Banco Santander (STD) +6.6%, Deutsche Bank (DB) +8.8%, Credit Suisse (CS) +6.9%.  [View news story]
    SAVED. HOORAY!....move I can position for the drop!
    Sep 15, 2011. 10:44 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: +11K to 428K vs. -3K consensus. Continuing claims -12K to 3.74M.  [View news story]
    Makes you wonder why the US market is if we really care about Greece. The US is just a selfish country...that is why they sending the G-man to do some manipulation to make sure europe does this alone.
    Sep 15, 2011. 10:43 AM | Likes Like |Link to Comment
  • "France and Germany are convinced Greece's future is in the eurozone," goes part of a joint statement by Merkozy after a conference call with George Papandreou, in which the Greek leader reiterated "his government's determination to take all necessary measures to meet targets."  [View news story]
    I really wonder what people expected to hear from this conversation. It was a 3-way...they were literally banging it out...because that is how the Europeans do things...they BANG shit out.

    Honestly, Greece is going to fail in 3 months...6 months. They are going to fail. Germany and France are going to look like idiots for causing all this trouble setting up all these funds and basically draining all the money from the countries to feed one useless piece of shit.

    Don't people wonder how it is possible that Greece as a country isn't sued for lying to get into the Eurozone...continuing to lie while in the Eurozone and now lying to stay in the Eurozone.
    Sep 14, 2011. 05:51 PM | 1 Like Like |Link to Comment
  • German Transport Minister Peter Ramsauer breaks with the Merkel party line, saying it would "not be the end of the world" were Greece to exit the eurozone. Merkel is scrambling with damage control from a series of cabinet officials and coalition partners talking openly of Greek default/eurozone exit.  [View news story]
    Merkel is just upset that the things that are making her look bad are coming from internally. She doesnt want to lose in this battle...or at least she is trying to convince the world about that, but in reality, they are gearing up for the default. She is just buying time to prepare, and then let people know that Greece can just suck it because they are all set to take the damage.
    Sep 14, 2011. 09:57 AM | Likes Like |Link to Comment
  • Market preview: S&P futures +0.5% on hopes that the European Commission would soon present options for the introduction of joint eurozone bonds. European bourses jump, shaking off Moody’s expected downgrade of two French banks. Investors largely ignore weak retail sales data. Crude oil futures are off nearly 1%. Later: business inventories.  [View news story]
    market is delusional. the introduction of joint eurozone bonds will be a dud from the beginning. all the failing countries want it. all the ones in good shape will say no. it will go no where. it is a dumb idea from the start. it is a dumb idea now.
    Sep 14, 2011. 09:56 AM | Likes Like |Link to Comment
  • European shares are higher just after the open, shrugging off the previously telegraphed French bank downgrades. Stoxx 50 +0.7%, France +0.8%, Germany +0.5%, Spain +1.6%, Italy +1.1%, U.K. +0.8%. The euro retraces all of its losses, -0.1% at $1.3665.  [View news story]
    denial at its best....yet again.
    Sep 14, 2011. 08:17 AM | Likes Like |Link to Comment
  • FedEx (FDX +0.8%) gets hit with another downgrade (previous) this week after RBC's John Barnes lowers his ratings to Sector Perform from Outperform, saying the company will struggle to meet consensus earnings estimates and its own guidance when it reports on Sept. 22.  [View news story]
    Doesn't Wall St. make you wonder? How it can be up after it receives a downgrade. "Hey FEDEX, you aren't going to do too well in the coming quarters...but here's a reward in your stock price for the executives that have stock options. Here...take the cookie and enjoy."
    Sep 13, 2011. 12:31 PM | Likes Like |Link to Comment
  • Greece's risk of default - calculated by combining CDS pricing with the expected recovery rate - has risen to 98%, as the PM's latest austerity promises are undermined by new data showing the budget deficit widened 22% through August 2011 compared to the same period in 2010.  [View news story]
    the risk of default is 100%...not some fake 98%. the only reason why it isnt 100% right now is the same reason Apple has a price target in the 500+ yet the stock is in the 300. People just dont put 100% on things until it happens, but you can bet that it is 100% soon enough.
    Sep 12, 2011. 06:35 PM | Likes Like |Link to Comment
  • Greek bank deposits decline nearly another €1B to about €188B in July. For reference, deposits stood at around €233B in January 2010, meaning the nation has lost nearly 20% of its deposit base in 19 months.  [View news story]
    I am surprised there is still 188B in the bank. Who hasnt taken their money out yet.
    Sep 12, 2011. 01:20 PM | Likes Like |Link to Comment
  • Teflon market? With stock indices worldwide off between 2 and 5 percent, U.S. shares barely blip down. The S&P 500 -0.8%, the Nasdaq -0.5%.  [View news story]
    Oversold is quite subjective. Given the level of uncertainty in the market, I think it is always smart to sell first then as questions later. Europe is in uncharted territories which questions their existence as a uniform zone.
    Sep 12, 2011. 11:29 AM | 1 Like Like |Link to Comment
  • Teflon market? With stock indices worldwide off between 2 and 5 percent, U.S. shares barely blip down. The S&P 500 -0.8%, the Nasdaq -0.5%.  [View news story]
    The US is in delusion. Just give it some time to catch up to reality.
    Sep 12, 2011. 10:37 AM | 1 Like Like |Link to Comment
  • With stock futures pointing to sharp losses, the NYSE invokes Rule 48 to help smooth trading at the open.  [View news story]
    They would invoke Rule 84....they must report all price indications....and also take it a step further and inflate the prices if necessary.
    Sep 12, 2011. 10:35 AM | 1 Like Like |Link to Comment
  • The CBO sees a cost of $13-$15B to private investors in MBS - banks, pension funds, mutual funds - should 2.9M homeowners take advantage of the President's plan to refinance them into lower rate mortgages. Government investors - the Fed, and Frannie - would lose about $4.5B.  [View news story]
    This makes total take from me now and give to the people with that I save less and take longer to buy a home down the road. GENIUS.
    Sep 9, 2011. 05:44 PM | 1 Like Like |Link to Comment