Sunday, July 5, 2009

Random Stuff From The Holiday Weekend

We wound up having some interesting news over the weekend.

Bloomberg - Asian Stocks Decline as Commodity Prices, Shipping Rates Drop - "Asian stocks declined as commodities prices and shipping rates dropped amid concern the global economic recovery will falter."

Bloomberg - Russia, India Question Dollar Reliance Before Summit (Update1) - China's on and off again with reserve currency status is annoying as hell.

ZeroHedge - Is A Case Of Quant Trading Sabotage About To Destroy Goldman Sachs? - My jaw dropped while reading this on my blackbery this afternoon from Bloomberg - of course the story is nowhere to be found. If you don't get to these juicy ones quick, they have a tendancy to disapear. This is a really big deal that will get swept under the rug.

The Market Ticker's take on the above GS story - Goldman: Pwned? - as only Denninger could put it.

Mish - More Idiocy From the SEC: Reinstatement of Short-Selling Restrictions Here is one you may not have heard much about recently, but it is beginning to make some waves. "If the American Bankers Association wants to place the blame on who is responsible for this mess they ought to look straight in the mirror and blame themselves."

That's enough for now. I'mlooking forward to this GS thingy. Sure it will get swept under the rug though, well maybe not since the FBI has it and not the SEC.

I'll try to keep up with the news and some good postings, but I am no TD (as he posts traveling thru Europe). Just littl 'ol me vacationing in Colorado with the family.

GL trading this week.

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