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    Short DAX at 7740

    From time to time it's worth looking at China stock indices : http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart8:symbol=000001.ss;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined 11,9 % GDP growth. The chart is telling you...
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    Criminal Probe Looks Into Goldman Mortgage Trading

    Federal prosecutors are conducting a criminal investigation into whether Goldman Sachs Group Inc. or its employees committed securities fraud in connection with its mortgage trading, people familiar with the probe say. The investigation from the Manhattan U.S. Attorney's Office, which is at a...
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    Greece agrees €24bn austerity package

    Greece has agreed the outline of a €24bn austerity package, including a three-year wage freeze for public sector workers, in return for a multibillion-euro loan from the eurozone and the International Monetary Fund, according to people familiar with the talks. Final details of the measures...
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    Provision would break up nine biggest banks

    April 29 (Bloomberg) -- JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among U.S. investment banks that may be forced to raise an additional $250 billion in capital, cut executive pay and divest some of their most lucrative assets under a bill on the U.S. Senate floor today, analysts say...
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    Shorting BP...

    http://www.marketwatch.com/investing/stock/bp Already, two Louisiana shrimpers have filed a lawsuit seeking class action status against BP and Transocean's insurer Lloyds of London. The suit accuses the operators of the rig of negligence, and asks for at least $5 million in damages, plus...
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    Beijing residential property prices reportedly easing double digit %

    HONG KONG (MarketWatch) -- Residential real-estate prices in some neighborhoods in Beijing appear to be easing by double digits in percentage terms since the government introduced stricter regulations to deter speculation, according to local media reports. Apartment prices in Beijing's...
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    Provision would break up nine biggest banks

    WASHINGTON (MarketWatch) - Nine of the largest financial institutions including Bank of America Corp., Citigroup Inc. and J.P. Morgan Chase & Co. would have to scale down by about 40%, according to legislation introduced by a group of eight Democrats on Thursday. The group is hoping the measure...
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    ES Journal Archive (2009 - 2010)

    WASHINGTON (MarketWatch) - Nine of the largest financial institutions including Bank of America Corp., Citigroup Inc. and J.P. Morgan Chase & Co. would have to scale down by about 40%, according to legislation introduced by a group of eight Democrats on Thursday. The group is hoping the measure...
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    ES Journal Archive (2009 - 2010)

    Yeah, they should defer bonuses for 5 years payable in stock, not one single penny in cash...that would be funny...
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    ES Journal Archive (2009 - 2010)

    You read my mind...we may move for a short time over 1204.50... It is fascinating how fast US fund managers have swallowed the Greek problem and associated Euro region problem. Seems, more than a dozen austerity packages in different EU countries do not pose any threat to global recovery...
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    More Than a Million May Lose Jobless Aid Due to Deficit Concern

    April 29 (Bloomberg) -- Since the U.S. recession began in December 2007, Congress has extended the duration of weekly unemployment benefits for the jobless three times. Now, the lawmakers may have reached their limit. They are quietly drawing the line at 99 weeks of aid, a mark that hundreds...
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    Short DAX at 7740

    Germany on Thursday reported the biggest monthly drop in unemployment in more than two years, highlighting the strength of its economic rebound, even as the crisis over southern Europe’s public finances escalates. Seasonally-adjusted unemployment in Europe’s largest economy fell by a much...
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    Who’s exposed to Greece?

    April 29 (Bloomberg) -- Credit Agricole SA and Societe Generale SA may be among European banks with the most at risk from the Greek crisis because of unprofitable units in the country. French banks have the biggest exposure to Greece among European lenders, accounting for $78.8 billion of the...
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    Basis Yield Alpha Fund presses Goldman for damages over CDO losses in Timberwolf

    LONDON (Reuters) - Goldman Sachs Group is in talks over a possible settlement with an Australian fund that said it became defunct after it bought into a $1 billion subprime mortgaged-linked security, the FT reported on Thursday. Citing several people familiar with the matter the FT said...
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    Average junk bond trades at 99.5 cents / dollar from a low of 54.9 cents in 12/08

    Companies failing to exploit the recovery in bond and equity markets to pay down debt are making a mistake, according to Michael Milken, the junk-bond billionaire turned philanthropist. Near-zero interest rates in the U.S. and Europe have fueled demand for high-risk securities, providing...
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    Britain’s very own AA-rating rumours

    Zipping across traders’ screens on Wednesday: whispers that the UK might be next in line for a credit rating cut. Standard & Poor’s had this week already taken an axe to the sovereign ratings of Greece, Portugal and Spain. Clearly S&P had deficits and debt issues on its mind, and the UK...
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    All eyes on Italy...

    There’s a Swine Flu joke in here somewhere… http://ftalphaville.ft.com/blog/2010/04/27/213516/a-certain-sovereign-virus/ But if you want to take the temperature of the eurozone, so to speak, and see whether Greek crisis contagion is really catching on, look no further than Thursday’s...
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    Short DAX at 7740

    Heavy defense from bulls here. 6080 in underlying seems important...
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    Short DAX at 7740

    Nach den Herabstufungen Griechenlands, Portugals und Spaniens wächst in Deutschland die Kritik an den Rating-Agenturen. Die Politik will die Macht der Agenturen deutlich zurückdrängen: So sprachen sich Bundesaußenminister Westerwelle und die SPD dafür aus, für die Bewertung von Bonitäten...
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    Who’s exposed to Greece?

    Readers wondering which countries stand to lose the most from a Greek default can turn to Germany’s Spiegel, which provided the following graphic on Wednesday: http://ftalphaville.ft.com/blog/2010/04/28/214521/whos-exposed-to-greece/
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