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coolhand's Account Talk
- Thread starter coolhand
- Start date
coolhand
Well-known member
10 Things You Don’t Know (or were misinformed) About the GS Case
http://www.ritholtz.com/blog/2010/04/10-things-you-dont-know-gs-case/
http://www.ritholtz.com/blog/2010/04/10-things-you-dont-know-gs-case/
coolhand
Well-known member
Why Goldman Sachs May End in a Lehman Style Collapse
http://seekingalpha.com/article/200140-why-goldman-sachs-may-end-in-a-lehman-style-collapse
http://seekingalpha.com/article/200140-why-goldman-sachs-may-end-in-a-lehman-style-collapse
coolhand
Well-known member
Tsunami
Well-known member
Actually, the futures are down just a tad. That CNN futures link has become pretty worthless since they eliminated the charts.
I use this now. Click on any link to get a chart. The S&P 500 E-Mini's are near the bottom in the "Indexes" list.
http://quotes.ino.com/exchanges/futboard/
I use this now. Click on any link to get a chart. The S&P 500 E-Mini's are near the bottom in the "Indexes" list.
http://quotes.ino.com/exchanges/futboard/
coolhand
Well-known member
Thanks for pointing that out. I usually check bloomberg on cable TV to see where futures are pointing.
KevinD
Well-known member
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adD1SqGinGIs
The euro fell against the dollar on concern Greece’s request for a $60 billion bailout led by the European Union will fail to ease investor concerns about the nation’s ability to end its fiscal crisis.
The euro fell against the dollar on concern Greece’s request for a $60 billion bailout led by the European Union will fail to ease investor concerns about the nation’s ability to end its fiscal crisis.
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adjDxHJO9ZsI
Crude oil rose for a fifth day on speculation demand will increase as the world economy recovers from recession.
Oil traded above $85 a barrel as a Conference Board report tomorrow in the U.S., the world’s largest energy user, will probably show consumer confidence climbed to a three-month high. Asian stock markets rose by the most in five weeks on expectations of higher earnings at Toyota Motor Corp. in Japan.
“People are becoming more bullish on oil demand growth,” said Serene Lim, an energy commodity strategist at Australia & New Zealand Banking Group Ltd. in Singapore. “The more positive world economic data, especially in the U.S. data, is bringing about more optimism.”
Crude oil rose for a fifth day on speculation demand will increase as the world economy recovers from recession.
Oil traded above $85 a barrel as a Conference Board report tomorrow in the U.S., the world’s largest energy user, will probably show consumer confidence climbed to a three-month high. Asian stock markets rose by the most in five weeks on expectations of higher earnings at Toyota Motor Corp. in Japan.
“People are becoming more bullish on oil demand growth,” said Serene Lim, an energy commodity strategist at Australia & New Zealand Banking Group Ltd. in Singapore. “The more positive world economic data, especially in the U.S. data, is bringing about more optimism.”
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aB0xJFIajv5k
Foreign-exchange profits from carry trades are disappearing as differences in central bank interest rates fail to increase fast enough to compensate for swings in currency rates.
Royal Bank of Scotland Plc’s index tracking the strategy of tapping cash where borrowing costs are low and investing where rates are higher, rose 0.57 percent in the first quarter, the smallest amount in a year, and down from 9.8 percent in all of 2009. Morgan Stanley strategists said in an April 15 research report that the only “functionally attractive” currency to target in carry trades is Australia’s dollar.
Falling demand for carry trades may help the dollar -- a favorite for funding the trades because of record low U.S. rates -- extend a rally that drove it 11 percent higher versus the euro the past six months. Gains of almost 30 percent in Brazil’s real, New Zealand’s dollar and South Africa’s rand the past 12 months suggest they already reflect the prospect of higher rates as central bankers begin to shift monetary policy.
Foreign-exchange profits from carry trades are disappearing as differences in central bank interest rates fail to increase fast enough to compensate for swings in currency rates.
Royal Bank of Scotland Plc’s index tracking the strategy of tapping cash where borrowing costs are low and investing where rates are higher, rose 0.57 percent in the first quarter, the smallest amount in a year, and down from 9.8 percent in all of 2009. Morgan Stanley strategists said in an April 15 research report that the only “functionally attractive” currency to target in carry trades is Australia’s dollar.
Falling demand for carry trades may help the dollar -- a favorite for funding the trades because of record low U.S. rates -- extend a rally that drove it 11 percent higher versus the euro the past six months. Gains of almost 30 percent in Brazil’s real, New Zealand’s dollar and South Africa’s rand the past 12 months suggest they already reflect the prospect of higher rates as central bankers begin to shift monetary policy.
coolhand
Well-known member
http://online.wsj.com/article/SB100...088.html?mod=WSJ_business_LeadStoryCollection
Congressional investigators interviewed Fabrice Tourre, the Goldman Sachs Group Inc. trader accused of fraud by the Securities and Exchange Commission, as the company prepared for a showdown with lawmakers at a hearing Tuesday.
Mr. Tourre met in a daylong session Saturday with investigators from the Senate Permanent Subcommittee on Investigations. Mr. Tourre and four Goldman executives, including Chairman and Chief executive Lloyd C. Blankfein, are set to testify before the panel, which is scrutinizing the role of investment banks in the financial crisis.
The SEC alleges in a civil fraud lawsuit filed April 16 that Goldman and Mr. Tourre sold a financial instrument called Abacus 2007-AC1 without disclosing that a hedge-fund firm betting on its decline helped to pick some of its underlying mortgages. Goldman denies wrongdoing, saying all its clients were sophisticated investors and got the information they needed.
Over the weekend, signs of stress emerged in the relationship between Mr. Tourre and Goldman.
Congressional investigators interviewed Fabrice Tourre, the Goldman Sachs Group Inc. trader accused of fraud by the Securities and Exchange Commission, as the company prepared for a showdown with lawmakers at a hearing Tuesday.
Mr. Tourre met in a daylong session Saturday with investigators from the Senate Permanent Subcommittee on Investigations. Mr. Tourre and four Goldman executives, including Chairman and Chief executive Lloyd C. Blankfein, are set to testify before the panel, which is scrutinizing the role of investment banks in the financial crisis.
The SEC alleges in a civil fraud lawsuit filed April 16 that Goldman and Mr. Tourre sold a financial instrument called Abacus 2007-AC1 without disclosing that a hedge-fund firm betting on its decline helped to pick some of its underlying mortgages. Goldman denies wrongdoing, saying all its clients were sophisticated investors and got the information they needed.
Over the weekend, signs of stress emerged in the relationship between Mr. Tourre and Goldman.
coolhand
Well-known member
http://www.businessweek.com/news/20...t-since-1990-as-analysts-boost-estimates.html
Even after the biggest rally since the 1930s, U.S. stocks remain the cheapest in two decades as the economy improves.
Earnings estimates for Standard & Poor’s 500 Index companies from Apple Inc. to Intel Corp. and CSX Corp. climbed 9.1 percent on average in April, twice the gain in their prices and the largest monthly increase since at least 2006, data compiled by Bloomberg show. The benchmark gauge for American equities is trading at 14.2 times forecasts for its companies’ profits, lower than any time since 1990, except for the six months after Lehman Brothers Holdings Inc. collapsed.
Even after the biggest rally since the 1930s, U.S. stocks remain the cheapest in two decades as the economy improves.
Earnings estimates for Standard & Poor’s 500 Index companies from Apple Inc. to Intel Corp. and CSX Corp. climbed 9.1 percent on average in April, twice the gain in their prices and the largest monthly increase since at least 2006, data compiled by Bloomberg show. The benchmark gauge for American equities is trading at 14.2 times forecasts for its companies’ profits, lower than any time since 1990, except for the six months after Lehman Brothers Holdings Inc. collapsed.
coolhand
Well-known member
http://www.businessinsider.com/henr...go-roaring-right-back-to-its-old-highs-2010-4
The economy will recover more slowly than people want, and that will prompt "Helicopter Ben" Bernanke to keep rates too low for too long. This, in turn, will make stocks go to the moon.
And that would be good news for stock investors for a while. Except that stocks are already overvalued, so when the effect of the Bernanke crack-hit wears off, there will be nothing left to support them. And down they will come.
The economy will recover more slowly than people want, and that will prompt "Helicopter Ben" Bernanke to keep rates too low for too long. This, in turn, will make stocks go to the moon.
And that would be good news for stock investors for a while. Except that stocks are already overvalued, so when the effect of the Bernanke crack-hit wears off, there will be nothing left to support them. And down they will come.
coolhand
Well-known member
Jail Time for Wall Street's Derivatives Writers?
http://seekingalpha.com/article/200669-jail-time-for-wall-street-s-derivatives-writers?source=feed
http://seekingalpha.com/article/200669-jail-time-for-wall-street-s-derivatives-writers?source=feed
Tsunami
Well-known member
Silverbird
Well-known member
And corporate taxes fix the underpriced equities how?
