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Remember the 2000 forecasts for 2001? 2012 earnings forecasts are fantasy numbers.

Rebalanced my FX exposure and now I'm very long the US Dollar once again across all accounts against all major pairs. Probably the most bullish USD position I've had since May/June 2010 and boy did that hurt.

Zerohedge is a bunch of clueless kids who don't trade but rather write about manipulation and conspiracy theories. People are suckers for these stories so somebody has to provide them.

Greece can't print Euros. Argentina had a pegged currency but couldn't print US Dollars. The US situation is absolutely nothing like Greece nor Argentina. The comparison is downright laughable.

Very wrong, and dangerously so.

Just like their US counterparts German politicians have vested interests with their banks and industry. Voting down Greece would mean frying Commerzbank, Deutsche Bank, Allianz and probably the German Landesbankens, which incidentally are used as a 'retirement home' for senior German...

Why do people bother posting non-sense articles about Greece being 'saved'? Ever wonder why 1y bonds are trading at 130%? A default in one way or another is a done deal. Apparently some idiot media journalists have trouble understanding that.

FWIW... Hussy and WSJ are mentioning that the ECRI has gone on record calling a recession in the US a 'certainty and done deal' within the coming months. I understand some take whatever Achuthan and crew say with a grain of salt but I'll note that they correctly said 2010 won't turn into a...

Whatever happened to his big announcement of 'betting very heavily against a double dip' from July. Looks like he pulled in his tail.

USD is up 20% against the Russian Ruble over the last 5 years. Fail.

People who cite margin req's in order to 'explain' commodity price movements are generally absolutely clueless.

Russia? What other irrelevant economy is going to comment next? Bulgaria? Ukraine?

...G20 summit in Cannes in November... Out of all places in the world... they chose Cannes, who would've thought. No better place they could have picked to solve a crisis of nations living lavishly way beyond their means. I imagine these clueless idiots will discuss how the PIGS needs...

IMO the financial sector revenues as % of GDP will revert to it's long term mean and these jobs will disappear no matter if these people quit voluntarily or not. And I doubt all bankers have high salaries, where does this myth come from? The cream of the crop get big bonuses, 99% of people...

The market with 1y Greek interest rates @ 100% has long ruled that a default is coming one way or another. Nobody needs some egghead central banker or politician to confirm what the market told us many moons ago.

Would be another historic flip-flop just after hiking.

I remember Bove saying how Lehman was a 'screaming buy' and 'grossly undervalued' somewhere around the first week of September 2008 - a good 10 days before Lehman went under. Take whatever anyone 'expert' says with a grain of salt.

AAPL seems to be the one dead-sure 'safe' bet to hide in. How many of the top 100 equity hedge funds have it among their top 3 positions? It's hard for the market to fall apart when the momo stocks still do well.

Low long-term yields equals booming economy according to the eggheads. When they push the 10y to 1% the economy will be firing on all cylinders, just like in Japan and Switzerland.

I wonder who ever started this urban legend?