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Simmons is short BP and talking his book http://blogs.barrons.com/stockstowatchtoday/2010/06/15/bp-simmons-still-sees-bankruptcy-massive-hole-at-the-well-bore/ Big deal, Barrons has people EVERY WEEK talking their book. Gabelli and others typically will list 4-5 reasons why the stock is...

Chanos Shorts Oil Majors, Ford, Hasn’t ‘Played’ BP http://www.bloomberg.com/avp/avp.htm?N=av&T=Chanos%20Shorts%20Oil%20Majors,%20Ford,%20Hasn%E2%80%99t%20%E2%80%98Played%E2%80%99%20BP&clipSRC=mms://media2.bloomberg.com/cache/vTQjgtn5frZs.asf

Hugh Hendry and Richard Koo might want to revise their view that QE 'never worked' 'is innefective' respectively http://research.stlouisfed.org/publications/mt/20100701/mtpub.pdf US output soared from 1933 to 1937, employment did as well, even though the levels were still bad the rate of...

UK Tax to hit US banks http://www.cnbc.com/id/37740778 "Analysts say the tax will be a negative factor when US banks report results for the April-June period next month, reducing earnings per share at Citi, JPMorgan and BofA by 10 per cent or more." Ackman might not have taken that into...

Effectively the humans would always be playing white. Their track record with white against computers I'm sure is not as bad as black, furthermore they would develop all kinds of tricks to get the computers to make opening mistakes

The humans would be in a position where they could at least draw a lot of the time, specially if they were aware the computers cant open

You must be kidding. The computers would get destroyed

I suspect there were some behind the scenes comments like 'if you guys go along we might take it easy in the criminal suits we got against you all'

BP is reported to have agreed to put $20b in an escrow account. I dont want to own this stock, the company doesnt have people in power that are strong enough to hold off its quasi-nationalization. BP stock rallied on the news, I'm not sure why

You might want to be careful http://www.trustmakers.com/newsletter/tm/tim-berry/ira-crisis-print.html

Here are the results ahead of the announcement, I cant give out my sources though "The spanish banking system is well capitalized"

GS execs told congress the best hedge is to sell your position, you should listen to them, they dont have losing days :cool:

I'm short ITB, its probably going to underperform the averages, specially if housing double dips

Now rogers told CNBC he is actually buying the EUR. Maybe it works for a few weeks if that, but Spain continues to be under pressure, bonds down. If Spain doesnt turn the EUR will turn into the stock market in 2008 when the news were so bad it just could not rally, even though there were...

I meant to say 'is not significantly more risky'

This problem can be solved through gold futures. Effectively borrowing at libor rates(which are much lower and dont carry pre-payment premium and term premiums as mortgage rates) and jumping net gold exposure to above 100%(this is significantly more risky than the alternative which is to above...

I'm looking to short some more the homebuilders in this upleg and also go back to a full position on the EUR short, hard to say how high this pig will go

Surprise surprise, the guys who loved financials are realizing the government will screw them for years. They made money because the market made a mistake of taking them to very levels that are not justified by the future capital and regulatory requirements that will nail them for a long-time...

If there is a time where models will fail its right now. So I dont agree much with the SF Fed research for no hikes till late 2012, specially after Bernanke saying they hike before employment is back to normal last week

US default is a possibility http://www.capitalgainsandgames.com/blog/bruce-bartlett/1787/debt-default-it-can-happen-here Yes, its unlikely but some folks claim the US CDS pricing is irrational because the US has a central bank and borrow in dollars, famous last words, Russia defaulted in its...