Posts Tagged ‘Euro derivatives’

The German Government Has Had Enough

The German Government Has Had Enough

German Chancellor Merkel answers questions as she leaves the European Council after a Euro Zone leaders summit in Brussels

Courtesy of Karl Denninger at The Market Ticker

If you thought the German government was going to be a lapdog for Sarcozy, or worse, was going to fellate Brussels and the ECB, you got a rude shock today.

It appears that the German Government has just plain had enough of the crap that the banksters have tried to pull, and has decided to do what Barack Obama should have done in early 2009.

That is:

  • No more naked credit crap, especially against sovereigns but not only against sovereigns.  No insurable interest, no CDS – period.
  • Naked shorting will now be actually stopped in 10 leading financial institutions.
  • Germany has had it with naked shorting of Gold, and specifically noted bank manipulation of gold prices via naked shorts beyond intent or ability to deliver.
  • Germany has also said that they’re not going to permit Euro derivatives that are not a "bonafide" FX hedge.  That is, no more naked bets on Euro movements either.
  • Hedge funds are going to be regulated, position size limits mandated and enforced, reporting enhanced and a transaction tax is coming.
  • It’s about damn time.
Handcuffed businessman holding credit cards

Oh, and it appears that instead of telling all the banksters what they were going to do and "getting permission" first, or even discussing it with other governments, the German Government did what all governments should do - make up your mind and then do it without giving a good damn whether the banksters or other governments like it – and without giving them input into the decision or notice that it’s coming.

The bid rigging, the game-playing and the rest are all a bunch of crap.  I’ve been hollering about this now for more than three years and yet our government spends it’s time fellating the bankers and their dogs instead of enforcing the law.

It is illegal to defraud people.

It is illegal to rig markets, including the massive bid-rigging that I wrote about this morning, the Jefferson County Alabama scam and dozens if not hundreds more – all committed, it is alleged (and in some cases proved) by the major banks.

It is illegal to short stocks with no intention or ability to deliver.

And it is illegal to bribe government officials, no matter how you accomplish it.

These are not "isolated incidents" or even a pattern of conduct – as the bid-rigging report this morning makes clear ripping people off has become an institutionalized…
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The Conditions You'd Want Are Already Here

 

The Conditions You’d Want Are Already Here

Courtesy of

Have we corrected through time, rather than through price, enough to spark the next leg higher for the bull?

Consider: No new high since last May, a flat market over two years (three years for small caps), median declines for individual stocks of 30% – not enough? Or plenty, to set up a new rally?

That’s the question on everyone’s mind now as the averages approach re-approach their former highs. The bears say May has been a short-squeeze. They say you’re risking 20% to make 2% to the upside. The bulls (and there aren’t a lot of them) don’t have much to...



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Zero Hedge

Explaining Bernie-Conomics Using Two Beers

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It's simple really...

h/t @Jenn_Abrams

...

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Chart School

Visualizing GDP: An Inside Look at the Q1 Second Estimate

Courtesy of Doug Short's Advisor Perspectives.

Note: The charts in this commentary have been updated to include the Q1 2016 Second Estimate.

The chart below is a way to visualize real GDP change since 2007. It uses a stacked column chart to segment the four major components of GDP with a dashed line overlay to show the sum of the four, which is real GDP itself. Here is the latest overview from the Bureau of Labor Statistics:

The increase in real GDP in the first quarter reflected positive contributions from personal consumption expenditures (PCE), residential fixed investment, and state and local government spending that were partly offset by negative contributions from nonresidential fixed investment, private inventory investment, exports, and federal governme...



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ValueWalk

TPP: FOIA Documents Reveal Coordinated Effort Between Obama Administration And Wall Street lobbyists, say Activists

By Jacob Wolinsky. Originally published at ValueWalk.

Rootstrikers Blasts Newly Revealed Collusion Between Obama Administration and Big Banks on Financial Provisions in TPP – presented without comment – we will let the readers decide what they think – just a note Rootstrikers is not independent or centrist and has a progressive outlook but tends to do good work regardless of bias. Additionally, they have emails between Gary Cohn (literally number two at Goldman Sachs) and Michael Froman (U.S. Trade Representative), of course big banks are going to be in touch with officials about policy issues related to regulation of banks and the economy but if the banks helped push TPP that is slightly more awkward.

FOIA documents reveal coordinated effort between Obama administration and Wall Street lobbyists to deliver unprecedented benefits for financial industr...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

The US economy was better than we thought in the first quarter (Business Insider)

US economic growth was better than first estimated in the first quarter, according to the Commerce Department.

The second estimate of Gross Domestic Product (GDP) was 0.8%. Economists had forecast an upward revision to 0.9% from 0.5%, according to Bloomberg.

Wall Street Waits for Yellen Before Taking Off for a Long Weekend (Bloomberg)

The Friday before Memorial Day weekend is typically dead on Wall Street. The bond market shuts early and trading ...



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Kimble Charting Solutions

S&P 500- Bull Flag potentially in play, breakout about to happen?

Courtesy of Chris Kimble.

Has the S&P 500 formed a “Bullish Flag Pattern” and making an attempt to breakout? Possible. If you are not familiar with the pattern, see more details HERE.

CLICK ON CHART TO ENLARGE

Unless one lives under a rock, you are well aware that that bulls nor bears have anyth...



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OpTrader

Swing trading portfolio - week of May 23rd, 2016

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Digital Currencies

The Biggest Bitcoin Arbitrage Ever?

Courtesy of Chris at CapitalistExploits

Do you remember when you were growing up and all your friends were allowed Atari game consoles but you weren’t?

Well, I do and the things seemed as foreign to me as Venus. Mostly because the little time I managed to spend on the gaming consoles when my friends weren’t hogging them I found it all a bit silly. I never “got” computer games, and to this day still have poor comprehension of things like Angry Birds.

I suspect that many people around the world view Bitcoin in the same way as I view Angry Birds: with mild amusement and a general lack of understanding as to what the hell all the fuss is about.

I was thinking of this since a buddy of mine recently started ...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Biotech

This Is Why Biotech Stocks May Explode Again

Reminder: Pharmboy and Ilene are available to chat with Members.

Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.

This Is Why Biotech Stocks May Explode Again

By 

Excerpt:

After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.

...



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Mapping The Market

About that debate last night

Although we try to stay focused on finding and managing promising trade ideas, the comments in the comment section sometimes take a political turn (for access, try PSW — click here!). So today, Jean Luc writes,

The GOP debate last night was just unreal – are these people running to be president of the US or to lead a college fraternity! Comparing tool size? The only guy that looks semi-sane is Kasich. The other guys are just like 3 jackals right now. 

And something else – if Trump is the candidate, that little Romney speech yesterday is probably already being made into a commercial. And all these little snippets from the debate will also make some nice ads! If you are a conservative, you have to be scared now. 

Phil writes back,

I was expecting them to start throwing poop at each other &n...



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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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