coolhand's Account Talk

[coolhand]

Fed’s Fisher Sees High Bar to Support Yield Curve ‘Jujitsu’

http://www.businessweek.com/news/20...high-bar-to-support-yield-curve-jujitsu-.html

Obama Moots Limits on Tax Breaks for Muni Bonds

http://www.bloomberg.com/news/2011-...n-tax-breaks-for-municipal-bond-investor.html

Israel Surrounded as Arab Spring Turns Darker: Jeffrey Goldberg

http://www.bloomberg.com/news/2011-...g-darkens-commentary-by-jeffrey-goldberg.html

More Job Cuts Loom for Europe’s Banks Locked Into Higher Pay

http://www.businessweek.com/news/20...or-europe-s-banks-locked-into-higher-pay.html

Fed Inflation Hawks Downplay Need for Easing

http://www.cnbc.com/id/44495815

'Culturomics' Predicted The Arab Revolutions—And Now It Predicts Global Unrest

http://www.businessinsider.com/culturomics-predict-revolution-2011-9#ixzz1XpeWKLiL

Fears Rattle Big Banks in France

http://www.nytimes.com/2011/09/13/b...h-banks.html?_r=2&ref=business&pagewanted=all

German Leader Faces Key Choices on Rescuing Euro

http://www.nytimes.com/2011/09/13/world/europe/13germany.html?ref=business&pagewanted=all

PIMCO's Gross boosts Treasuries in flagship fund

http://www.reuters.com/article/2011...pimco-totalreturn-gross-idUSTRE78B6DQ20110912

 

[coolhand]

Deposit Flight at European Banks Means Risk Piling Up at ECB

http://news.businessweek.com/article.asp?documentKey=1376-LRA1YX07SXKZ01-1PRPUL0Q3DG1BUS328VKLBDA6H

Dollar Libor May Rise to .5 Percent by December, Barclays Says

http://www.sfgate.com/cgi-bin/artic...LRHARJ1A74E901-33Q3MOBF700S4TMLD6P1BNFEI3.DTL

China Must Avoid Lending to ‘Troubled’ Nations, Former PBOC Adviser Says

http://www.bloomberg.com/news/2011-09-14/china-must-avoid-loans-to-troubled-nations-yongding.html

The 2013 Tax Cliff

http://online.wsj.com/article/SB100...60396287134.html?mod=WSJ_hps_sections_opinion

Fed Set to Give Economy Therapy, Not Shock Treatment

http://www.cnbc.com/id/44509267

Huge Surge in Bank of America Foreclosures

http://www.cnbc.com/id/44503938

How U.S Tax Policy Is Forcing 5 Million Americans Abroad To Reconsider Citizenship

http://www.businessinsider.com/how-...o-reconsider-citizenship-2011-9#ixzz1XvWrF2vW

The $300m cable that will save traders milliseconds

http://www.telegraph.co.uk/technolo...able-that-will-save-traders-milliseconds.html

From Europe, Mounting Pressure Over Greece’s Debt

http://www.nytimes.com/2011/09/14/b...festers.html?_r=2&ref=business&pagewanted=all

Banks Brace for a Season of Fall-Offs

http://www.nytimes.com/2011/09/14/b...for-drop-in-trading-revenue.html?ref=business

 

[Birchtree]

A good read on foreclosures. "A new surge in foreclosures is likely addressing loans that have been long delinquent, but unaddressed. No more dead beats staying in their sh!t shacks 2 years plus."

 

[coolhand]

Money Funds’ Cuts to French Banks Could Force Sales

http://www.bloomberg.com/news/2011-...french-banks-seen-forcing-sale-of-assets.html

European Bank Blowups Hidden With Shell Games: Jonathan Weil

http://www.bloomberg.com/news/2011-...ps-hidden-with-shell-games-jonathan-weil.html

The Big Ideas That Falcone, Loeb, And Cooperman Presented In New York Today

http://www.businessinsider.com/hedg...inessinsider+(Business+Insider)#ixzz1Y1fLj591

Judge Says Hedge Funds May Have Used Inside Information

http://dealbook.nytimes.com/2011/09...ve-used-inside-information/?partner=bloomberg

World Bank chief says world economy in danger zone

http://www.reuters.com/article/2011/09/15/worldbank-zoellick-idUSS1E78D0XK20110915

Will German indecision on the euro drag the whole world down?

http://www.telegraph.co.uk/finance/...on-on-the-euro-drag-the-whole-world-down.html

 

[coolhand]

Video: Taibbi on the UBS 'Rogue Trader'

http://www.rollingstone.com/politic...-rogue-trader-banking-scandal-at-ubs-20110916

Italy Debt Rating Lowered by S&P on Weaker Growth Outlook

http://www.sfgate.com/cgi-bin/artic...articlesLRSQ0I1A1I4H.DTL&ao=all#ixzz1YTqishhY

Euro Declines for Third Day Versus Dollar After S&P Lowers Italy’s Ratings

http://www.bloomberg.com/news/2011-...-dollar-after-s-p-lowers-italy-s-ratings.html

Strong Countries, Not Greece, Should Ditch Euro: Ramesh Ponnuru

http://www.businessweek.com/news/20...-greece-should-ditch-euro-ramesh-ponnuru.html

Greek Crisis Exacts the Cruelest Toll

http://online.wsj.com/article/SB100...38261061694524.html?mod=WSJ_hp_LEFTTopStories

New Fees in Obama Plan Won't Just Hit Millionaires

http://www.cnbc.com/id/44585449

A Little Bit Of Math On The "Buffett Tax"

http://www.businessinsider.com/math-on-the-buffett-tax-2011-9#ixzz1YTrrdZiu

Andy Lees Kills The Argument Of Endless Debt-Funded Stimulus

http://www.zerohedge.com/news/andy-lees-kills-argument-endless-debt-funded-stimulus

Greece Nears the Precipice, Raising Fear

http://www.nytimes.com/2011/09/20/b...default.html?_r=2&ref=business&pagewanted=all

Obama deficit reduction plan embraces progressives

http://www.politico.com/news/stories/0911/63884.html

 

[coolhand]

Europe’s Financial Risk Watchdog Urges Fast Action to Combat Crisis Threat

http://www.bloomberg.com/news/2011-...-system-increased-considerably-on-crisis.html

Greece Cuts Wages, Pensions to Clinch Aid

http://www.bloomberg.com/news/2011-...-pensions-to-ensure-next-bailout-payment.html

BofA, Citigroup Credit Swaps Jump After Moody’s Cuts Debt Grades

http://www.businessweek.com/news/20...waps-jump-after-moody-s-cuts-debt-grades.html

Copper Slumps Into Bear Market as Fed Assessment Hurts Outlook for Demand

http://www.bloomberg.com/news/2011-...-fed-assessment-hurts-outlook-for-demand.html

Fed Sees ‘Significant’ Risks to Economy as It Eases Policy

http://www.bloomberg.com/news/2011-09-22/fed-sees-significant-risks-to-economy.html

Former Goldman Sachs ETF Trader Accused of Insider Trading

http://www.sfgate.com/cgi-bin/artic...omberg_articlesLRW31F6S972D.DTL#ixzz1Yfs3lZON

SEC Considering Curbs After Quote Surge in U.S. Stock Market

http://www.businessweek.com/news/20...bs-after-quote-surge-in-u-s-stock-market.html

Europe's Banks Turn to Asia for Cash

http://online.wsj.com/article/SB100...0284.html?mod=WSJEUROPE_hpp_sections_business

Europe's Forced Retirees Not Going to Go Gently

http://online.wsj.com/article/SB100...4313139219254.html?mod=WSJ_hpp_editorsPicks_1

House Fails To Pass Bill To Fund Federal Government, As Shutdown Looms

http://www.businessinsider.com/hous...rnment-as-shutdown-looms-2011-9#ixzz1YftCdU00

Moody’s Downgrades Credit Ratings of Three Large Banks

http://www.nytimes.com/2011/09/22/b...three-large-banks.html?_r=2&partner=bloomberg

Greece could trigger global banking crisis -Canada

http://uk.reuters.com/article/2011/...ws+/+UK+/+Financial+Services+and+Real+Estate)

Debt crisis: live

http://www.telegraph.co.uk/finance/financialcrisis/8720479/Debt-crisis-live.html

 

[coolhand]

Seven Sentinels will likely go to a CONFIRMED sell today. That's not 100% confirmed, but if this market remains at this level by the close I expect to see a confirmed sell signal.

I did move from 100% F to 94% F, 3% C, and 3% S. I am not bullish here, but taking a small risk that support will hold. I'm also willing to hold long term at this level and scale in in very modest amounts if this thing falls apart. No reason to take outsized risks here imo. At least not until the picture becomes a bit more clear. Sentiment is iffy, although our survey is looking like a buy for next week so far.

 

[coolhand]

Greece on Edge of Biggest Insolvency 24 Centuries After First City Default

http://www.bloomberg.com/news/2011-...cy-24-centuries-after-first-city-default.html

BNP, SocGen Beat Retreat as Debt Crisis Deepens

http://www.bloomberg.com/news/2011-...-retreat-as-european-debt-crisis-deepens.html

Global Stocks Enter Bear Market as Debt Crisis Outweigh Profits

http://www.businessweek.com/news/20...r-market-as-debt-crisis-outweigh-profits.html

BofA Case May Be Followed by More Mortgage Suits by Counties

http://news.businessweek.com/article.asp?documentKey=1376-LRWOK70YHQ0X01-667A5GR23OJOROQ8LPKB89ACF5

Crude Heads for Biggest Weekly Decline in Almost 2 Months as Markets Slump

http://www.bloomberg.com/news/2011-...line-in-almost-2-months-as-markets-slump.html

Obama Takes Aim at Tax ‘Targets,’ Fires Blanks: Caroline Baum

http://www.bloomberg.com/news/2011-...t-tax-targets-fires-blanks-caroline-baum.html

Anthony Scaramucci: Chance of Recession Now 75%

http://www.cnbc.com/id/44631968

G20 Pledges to Support Banks, Short on Specifics

http://www.cnbc.com/id/44632903

Guest Post: The Unwelcome Impact of Interventionist Monetary Policy In The US

http://www.zerohedge.com/news/guest-post-unwelcome-impact-interventionist-monetary-policy-us

The War on Insider Trading: Market-Beaters Beware

http://www.nytimes.com/2011/09/25/m...re.html?_r=2&partner=bloomberg&pagewanted=all

ECB's Knot admits to chance of Greece defaulting

http://www.reuters.com/article/2011/09/23/us-ecb-knot-idUSTRE78M14H20110923

Analysis: Emerging markets face capital exodus again

http://www.reuters.com/article/2011/09/22/us-emerging-capital-flight-idUSTRE78L4DV20110922

Russia: BRIC joint aid to eurozone impossible, unneeded

http://www.reuters.com/article/2011/09/22/g20-russia-idUSS1E78L22H20110922

European banks head towards another meltdown

http://www.telegraph.co.uk/finance/...pean-banks-head-towards-another-meltdown.html

The great euro swindle

http://www.telegraph.co.uk/finance/comment/8780075/The-great-euro-swindle.html

 

[RealMoneyIssues]

Yuppers... Futures not looking good for the market this morning. Wonder if it's news driven???

 

[starfox182]

Lehman Weekend Redux?
http://www.zerohedge.com/news/lehman-weekend-redux

Fears Over 'Shockwave' Of Greek Debt Crisis
http://news.sky.com/home/world-news/article/16076510

I saw coolhand didn't get these up yet...

Bank of America employs forum trolls? Apparently! TPTB really want to preserve the status quo I guess....

http://www.youtube.com/watch?v=eWYW0H7-c_w

 

[coolhand]

Even though this doesn't come as a surprise, it'll still be interesting to see what happens to futures this evening.

Moreover, if they're ready to let this one fail, how many more may come later?

Thanks for alerting us.

View attachment 15448

Lehman Weekend Redux?
http://www.zerohedge.com/news/lehman-weekend-redux

Fears Over 'Shockwave' Of Greek Debt Crisis
http://news.sky.com/home/world-news/article/16076510

I saw coolhand didn't get these up yet...

Bank of America employs forum trolls? Apparently! TPTB really want to preserve the status quo I guess....

http://www.youtube.com/watch?v=eWYW0H7-c_w

 

[Boghie]

Hey Bros',

Its Sunday. A time for football reflection!!!

 

[coolhand]

Tumbling Bonds Make Sales Harder for Italy, Spain: Euro Credit

http://www.bloomberg.com/news/2011-...sales-harder-for-italy-spain-euro-credit.html

Euro Falls to Decade Low Versus Yen on European Debt Concern; Kiwi Drops

http://www.bloomberg.com/news/2011-...cials-mull-earlier-esm-rescue-fund-start.html

ECB’s Stark Says Monetary Policy Cannot Solve Current Crisis

http://www.businessweek.com/news/20...etary-policy-cannot-solve-current-crisis.html

Schaeuble Says Major Economies Must Cut Debt to Help Confidence

http://www.businessweek.com/news/20...onomies-must-cut-debt-to-help-confidence.html

France Has No Plans to Recapitalize Banks, Budget Minister Says

http://www.businessweek.com/news/20...-recapitalize-banks-budget-minister-says.html

Banks Splinter on Europe Debt Crisis

http://www.bloomberg.com/news/2011-...ropean-debt-as-tension-pervades-meetings.html

Emerging-Market Stocks Plunge, Posting Biggest Weekly Decline Since 2008

http://www.bloomberg.com/news/2011-...rospects-for-government-support-measures.html

The Economy Needs a Regulation Time-Out

http://online.wsj.com/article/SB100....html?grcc=88888&mod=WSJ_hpp_sections_opinion

Hugh Hendry Just Took Part In The Critical Debate About The Eurozone Crisis

http://www.businessinsider.com/hugh-hendry-critical-debate-eurozone-crisis-2011?op=1

What You Need To Know About The Rumored Bazooka To Save The Eurozone—And Why It May Have Already Failed

http://globaleconomicanalysis.blogs...Global+Economic+Trend+Analysis)#ixzz1Z3Rr7rfJ

S&P Reminds Europe Of Its Toxic Catch 22, Warns EFSF Expansion Will Lead To More Sovereign Downgrades, Rendering EFSF Itself Useless

http://www.zerohedge.com/news/sp-re...expansion-will-lead-more-sovereign-downgrades

Here Comes FIATtackWatch: Ben "Big Brother" Bernanke Goes Watergate, Prepares To Eavesdrop On Everything Mentioning The Fed

http://www.zerohedge.com/news/here-...-prepares-eavesdrop-everything-mentioning-fed

Is the Chinese Economy in Trouble Too?

http://www.cnbc.com/id/44649528

Solyndra's meltdown a cautionary tale for Oregon and SoloPower, its latest solar bet

http://www.oregonlive.com/business/...regon_and_solopower_its_latest_solar_bet.html

From sunny forecast to dark clouds: The city solar project that didn't happen

http://articles.philly.com/2011-09-...ergy-industries-association-solar-investments

Christine Lagarde: IMF may need billions in extra funding

http://www.telegraph.co.uk/finance/...e-IMF-may-need-billions-in-extra-funding.html

Darling: Action On Euro Crisis 'Imperative'

http://news.sky.com/home/business/article/16076716

 

[coolhand]

The Road Ahead: Is it Inflation or Deflation?

http://www.pring.com/assets/pdfs/inf-def-9-11_update.pdf

 

[Frixxxx]

Which are you this week, Bull or Bear?

 

[coolhand]

Cautious Bear.

We've seen too many hard reversals at the tops and bottoms to be comfortable at those extremes. And we were at another extreme last Thursday. But our own sentiment survey appears to have called this rally. How long it can go is not clear, but there's still a lot of shorting in this market, so we could run some more this week for sure. The sheer strength of this move is impressive. And the F fund sell-off has me concerned too. All this in just three days. There's got to be a lot of money managers out there getting trampled on both sides of this market the past couple of months.

 

[coolhand]

Euro Crisis Makes Fed Lender of Only Resort as Funding Ebbs

http://www.businessweek.com/news/20...ed-lender-of-only-resort-as-funding-ebbs.html

U.S. Real Estate Deals Hindered by Financing, Investors Say

http://www.bloomberg.com/news/2011-...dered-by-financing-economy-investors-say.html

Fed Wary of Bank Stock Buybacks

http://blogs.wsj.com/deals/2011/09/27/fed-wary-of-bank-stock-buybacks/

Details Show $50 Billion Shareholder Lawsuit Against Bank Of America Is A Huge Liability

http://www.businessinsider.com/bank-of-america-50-billion-lawsuit-2011

"The Carnage...The Carnage..." - Presenting The Complete September And YTD Hedge Fund Bloodbath

http://www.zerohedge.com/news/carna...mplete-september-and-ytd-hedge-fund-bloodbath

Europe Readies Plan for Tax on Financial Transactions

http://www.cnbc.com/id/44691176

Proposed airline ticket tax bump has tempers soaring

http://www.usatoday.com/money/indus...icket-tax-bump-has-tempers-soaring/50573866/1

Germany slams 'stupid' US plans to boost EU rescue fund

http://www.telegraph.co.uk/finance/...-stupid-US-plans-to-boost-EU-rescue-fund.html

BofA was 'let off lightly' over sub-prime fiasco

http://www.independent.co.uk/news/b...off-lightly-over-subprime-fiasco-2361963.html

 

[coolhand]

Germany to Vote on Euro Rescue Fund

http://www.bloomberg.com/news/2011-...-to-set-stage-for-more-anti-crisis-steps.html

Euro Is ‘Burning Building,’ EU Has Too Much Power, Hague Tells Spectator

http://www.bloomberg.com/news/2011-...ding-with-no-exits-hague-tells-spectator.html

Euro Area’s Rescue Options Are Shrinking Fast: Anil K Kashyap

http://www.bloomberg.com/news/2011-...hrinking-fast-commentary-by-anil-kashyap.html

Sony Says It Expects ‘Huge Impact’ on Profit From Euro Slump

http://www.businessweek.com/news/20...ts-huge-impact-on-profit-from-euro-slump.html

Commodities Head for Biggest Quarterly Drop Since 2008 on Economy’s Woes

http://www.bloomberg.com/news/2011-...eepening-worst-quarterly-loss-since-2008.html

'Earned American Exceptionalism'

http://online.wsj.com/article/SB100....html?grcc=88888&mod=WSJ_hpp_sections_opinion

HERMAN CAIN VAULTS TO TOP-TIER: Romney And Perry Lead — But Not By Much

http://www.businessinsider.com/herm...romney-and-perry-lead--but-not-by-much-2011-9

Two Top Italian Bank Execs Sound Terrified Of EuroCrisis Contagion

http://www.businessinsider.com/federico-ghizzoni-attila-szalay-berzeviczy-unicredit-warning-2011

Deputy PM Says Tax Limits of Greek Society Exhausted

http://www.zerohedge.com/news/deputy-pm-says-tax-limits-greek-society-exhausted

Bernanke Tells US to Learn From Emerging Economies

http://www.cnbc.com/id/44710677

Debt crunch threatens China and emerging markets

http://www.telegraph.co.uk/finance/...nch-threatens-China-and-emerging-markets.html

New York Fed to monitor Facebook and Twitter

http://www.latimes.com/business/la-fi-fed-facebook-20110929,0,6886936.story

Eurozone holds its breath for German vote on rescue package

http://www.independent.co.uk/news/w...or-german-vote-on-rescue-package-2362730.html

 

[coolhand]

Europe Prepares Next Steps After Merkel Win

http://www.bloomberg.com/news/2011-...stage-for-next-steps-in-euro-debt-crisis.html

Bond Issuance Plunges on ‘Armageddon' Scenarios: Credit Markets

http://news.businessweek.com/article.asp?documentKey=1377-aZ1GU_ku0oVY-7E3FID14U4V4381ORES3UEU5P2

New Zealand Yields Surge as Currency Slumps on Rating Cuts by Fitch, S&P

http://www.bloomberg.com/news/2011-...-rating-reduced-by-fitch-on-high-debt-1-.html

Copper Rout Outpaces Analysts Focused on Production Shortages: Commodities

http://www.bloomberg.com/news/2011-...used-on-production-shortages-commodities.html

IBM Tops Microsoft in Market Value for First Time Since 1996

http://www.bloomberg.com/news/2011-...n-market-value-for-first-time-since-1996.html

China hard-landing fears hit high-end retailers

http://www.marketwatch.com/story/china-hard-landing-fears-hit-high-end-retailers-2011-09-29

Here's The Company That Reuters Should REALLY Be Freaking Out About...

http://www.businessinsider.com/reuters-vs-bloomberg-2011-9#ixzz1ZQYcm8M8

Morgan Stanley: Resurgent Greenback To Keep Rallying Into Next Year

http://www.businessinsider.com/morgan-stanley-usd-rally-2011-9#ixzz1ZQYjAJTL

The "Muddle Through" Has Failed: BCG Says "There May Be Only Painful Ways Out Of The Crisis"

http://www.zerohedge.com/news/muddl...ays-there-may-be-only-painful-ways-out-crisis

In European Crisis, Experts See Little Hope for a Quick Fix

http://www.nytimes.com/2011/09/30/b...rs.html?_r=2&partner=bloomberg&pagewanted=all

Kamala Harris pressured to reject bank foreclosure settlement

http://www.latimes.com/business/la-fi-foreclosure-settlement-20110930,0,7566676.story

German bailout vote is 'too little, too late'

http://www.telegraph.co.uk/finance/...rman-bailout-vote-is-too-little-too-late.html

 

[coolhand]

Euro Drops to 8-Month Low Versus Dollar

http://www.bloomberg.com/news/2011-...us-dollar-before-european-crisis-meeting.html

Greece Pledges $8.8 Billion in Austerity

http://www.bloomberg.com/news/2011-10-02/greece-approves-8-8-billion-in-austerity.html

Commodities Record Biggest Quarterly Drop Since 2008 on Economic Turmoil

http://www.bloomberg.com/news/2011-...rterly-decline-after-german-vote-on-fund.html

New York Fed May Demand Liquidity Reports From European Banks

http://www.businessweek.com/news/20...nd-liquidity-reports-from-european-banks.html

Euro Slumps in 3rd Quarter as Crisis, Slow Economy Damp Demand

http://www.businessweek.com/news/20...arter-as-crisis-slow-economy-damp-demand.html

Falling Wages Threatening U.S. as Consumers May Reduce Spending

http://www.businessweek.com/news/20...ing-u-s-as-consumers-may-reduce-spending.html

The Long Arm of Debt Stretches into Condo Fees, Car Repos

http://blogs.wsj.com/deals/2011/10/02/the-long-arm-of-debt-stretches-into-condo-fees-car-repos/

Wall Street's New Watcher

http://online.wsj.com/article/SB100...1496.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsTop

Bloomberg: 'We'll See' How Long Wall Street Protests Are Allowed To Continue

http://www.businessinsider.com/bloo...banks-dont-protest-them-2011-10#ixzz1ZiFFdyMI

Why Everyone Suddenly Started Freaking Out About China This Week

http://www.businessinsider.com/suddenly-investors-getting-nervous-about-china-2011-10#ixzz1ZiFdhDik

Out Of The "Hard Landing" Pan And Into The "Crash" Fire - Are Things About To Get Even Worse For China?

http://www.zerohedge.com/news/out-h...sh-fire-are-things-about-get-even-worse-china

Eurozone teeters on the verge of a 'euroquake' if Greek default is bungled

http://www.telegraph.co.uk/finance/...-a-euroquake-if-Greek-default-is-bungled.html

Banking crisis set to trigger new credit crunch

http://www.telegraph.co.uk/finance/...-crisis-set-to-trigger-new-credit-crunch.html