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    BofA’s state of denial

    The NYT finally gets one of the stress-test anonymice on the record today, in the person of Steele Alphin, BofA’s chief administrative officer, and what he said is flabbergasting: Mr. Alphin noted that the $34 billion figure is well below the $45 billion in capital that the government...
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    Short DAX at 7740

    No, I was short a whole bunch of other indices, too. But doesn´t matter. Stopped out with my trailing stops. I have seen a lot of "bear market rallys", but this one is ome of the most ridiculous ones I ever participated in. It seems, we have not only reckless bankers giving a sh.t about...
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    Market celebrtaing U.S. April ADP employment down 491,000

    WASHINGTON (MarketWatch) -- Private-sector employment in the United States fell by 491,000 jobs in April, according to the ADP employment index released Wednesday. The March number was revised higher to a decline of 708,000 from a decline of 742,000. The index comes two days before the...
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    Short DAX at 7740

    Short 4882.00
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    Stress Test Leak: BAC Needs $34 Billion In Capital

    The most ridiculous point at all is the announcement from Bernanke that "PRIVATE CAPITAL" shall be used to raise capital for all these failed banks FIRST. WTF does he think is to invest into a company having still billions of level 3 asets and off balance sheet risks on their "portfolio" ...
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    Bernanke Is A Lying Criminal

    I recall to have read that on one occasion during the Lehman bankruptcy, he slept in his office taking "nervous" phone calls...and all that for 190k per year ?:confused:
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    Hedgefund Millenium Partners regularly involved in illegal activities

    In a watershed case, the SEC has launched its first CDS insider trading case implicating Millennium Partners portfolio manager Renato Negrin and Deutsche Bank CDS trader Jon Paul Rorech. According to the SEC, Negrin and Rorech engaged in illegal activity in the CDS of VNU N.V., a Dutch holding...
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    Euro-zone annual March producer prices fall 3.1%

    LONDON (MarketWatch) -- Industrial producer prices across the 16-nation euro zone fell 0.7% in March, the statistics agency Eurostat reported Tuesday. Compared to March 2008, prices were down 3.1%. Economists had expected a 0.6% monthly fall and a 2.9% year-on-year decline Extraordinarily...
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    The Arms Race in High Frequency Trading

    ...and the power in AUM terms to implement it and make it "efficient"....
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    WSJ: U.S. is expected to direct about 10 of the 19 banks to boost their capital

    WASHINGTON -- The U.S. is expected to direct about 10 of the 19 banks undergoing government stress tests to boost their capital, according to several people familiar with the matter, a move that officials hope will quell fears about the solvency of the financial sector. The exact number of...
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    S&P places 23 banks on CreditWatch with negative implications

    Perfect timing...:D
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    Short Wells Fargo Wtc

    Quote from marketsurfer: SURF ALERT SURF ALERT Short Wells Fargo @ 19.60 classic. target SUB 10 surf Surf, I am still with you but only because I catched a better price then 19.60. Otherwise "Hasta la vista, baby", I would have been stopped out long time...
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    Short DAX at 7740

    Guys, that was not funny today. I have been stopped out two times today ! Doesn´t happen that often. But well, that´s when you have to recall to be humble....isn´t it ?
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    Obama Wants to End Offshore Tax Avoidance for Corporates

    President Barack Obama will propose today to outlaw three offshore tax-avoidance techniques U.S. companies such as Caterpillar Inc. and Procter & Gamble Co. want to use to save $190 billion over the next decade and make it riskier for Americans to stash money in tax-haven banks. Obama and...
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    Short DAX at 7740

    The European Commission cut its forecast for the euro-area economy to show a contraction twice as deep as it projected just three months ago, and said the region’s deficit will swell to more than double the European Union limit. The economy of the 16 countries sharing the euro will shrink 4...
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    Euro-Region to Shrink 4%, Deficit to Top Limit

    May 4 (Bloomberg) -- The European Commission cut its forecast for the euro-area economy to show a contraction twice as deep as it projected just three months ago, and said the region’s deficit will swell to more than double the European Union limit. The economy of the 16 countries sharing...
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    BofA and Citi raising 10 billion in fresh capital

    Citigroup and Bank of America are working on plans to raise more than $10bn each in fresh capital, even as they launch last-ditch attempts to convince the US government they do not need to bolster their balance sheets. People close to the situation said Citi, BofA and at least two other...
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    Short DAX at 7740

    FDAX 4847.00 ? You must be kidding me while expectations are for 6 % GDP drop this year ? LOL ! I think some fund managers are absolutely not in touch with reality. Short FDAX 4845.00 Ready to sell more.
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    Buffet: Bailouts will be paid for by a drop in the purchasing power of the US $

    The cost of recent massive government bailouts will likely by paid for through inflation, Berkshire Hathaway Chairman Warren Buffett said Saturday. Buffett rejected the idea that U.S. taxpayers are paying more to fund bailouts of financial-services companies and the large economic stimulus...
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    Traders who made billions

    R.Kovner ? What does the "R" stand for ? Bruce or Stanley ? :confused:
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