Animated angles

[aussiebear]

Just got my landline fixed after it went deadibones on Fri, no internet on the weekend OMIGOD

 

In the meantime while it's relatively cheery in Aussieland with All Ords +0.8%, Asia appears mixed with China -0.8%, Honkers +0.3%, Nikkers +0.4% and Singers -0.4%.

 

 

 

 

[aussiebear]

 

 

 

 

 

 

 

http://finance.yahoo.com/intlindices?e=asia

[aussiebear]

http://money.cnn.com...s/morning_call/

 

 

 

 

 

 

 

http://www.kitco.com

 

 

 

http://www.kitconet....ase_metals.html

 

 

http://finance.yahoo.com/

[aussiebear]

 

 

http://www.engrish.com/2000/11/danger-sign/

[aussiebear]

 

 

A steady rise for All Ords which closed +0.8%. Miners +1.1% was the leading sector followed by Consumer Discretionary, Energy and Materials all +1%. Gold -0.7% was the main down sector.

 

Still mixed in Asia: China -0.6%, Honkers +0.4%, India -0.3% and Nikkers +0.4%.

 

 

On to UK/Europe:

 

 

 

 

 

 

 

 

[BarBu]

.

[Jimi]

This. Whole. Story. Is. Insane.

 

Unconscionable.

 

Criminal.

 

No one's been arrested yet, have they?

 

A central tenant of the success, stability and efficiency of commodity markets in the United States is that the segregation of customer funds is absolute. If that tenant was violated by MF Global, at the minimum it constitutes a serious breach of fiduciary duty; at worst it was a federal crime. The resulting shortfall in customer funds is thus either is the result of fraudulent conveyance, possibly both active and constructive, or it is the result of a co-mingling of corporate and customer assets. In either case, customers are entitled to a super-priority lien over the assets of the estate of MF Global to make up the shortfall in segregated funds ahead of all creditors, secured and unsecured. This can be achieved through a claw back of the funds from the MF Global estate to the fund of customer property or by piercing the corporate veil and liquidating the assets of the estate for the same purpose.

 

The Trustee does not agree with this argument. He has made it known that he believes customers of MF Global have to share in the loss of segregated funds on a pro-rata basis with creditors. By subordinating customers with collateral in segregated funds to creditors of MF Global's estate, the Trustee is essentially making the creditors the beneficiary of a criminal act. It spreads the creditors losses to customers, benefiting only the creditors. Paying JP Morgan with an Iowa farmer's money is not only morally and legally wrong, it risks the future of the American economic model. Who would want to hold a commodities account in the United States ever again? Considering that MF Global's clients have no representation on the creditors committee, but the big banks do (like JP Morgan and Bank of America), that is exactly what will happen without intervention.

 

This process has already frozen customer assets for over two weeks, despite the majority of these assets being accounted for and their owners easily affirmed. That is unacceptable. In fact, as the delay of a release of funds persists the damage to our fragile economic recovery increases exponentially. Customers with frozen assets will face bankruptcy and financial ruin. This could lead to fewer commodity producers, resulting in scarcity and diminished competitiveness. Confidence in our capital markets will continue to erode, with fewer players willing to risk their capital to a flawed system. Commodity markets will see liquidity diminish and price volatility expand. This will lead to inefficient hedging for commodity producers and consumers, which will in turn lead to higher consumer prices for everything from food to fuel to clothing.

http://commoditycustomercoalition.org/?p=744

[Lugnut]

Anyone here used this "context" model for ES trading?

 

http://capitalcontext.com/intraday/intraday-context/?otl=0

 

The "context" is a model of commodity and index futures that are used to calculate the "should be" value of the S&P such that when the cash market opens it hits the context number pretty quickly.

 

ZH often alludes to ES / Context divergences and I am pretty sure this is the model they refer to.

[I_Am_Madness]

Short ES at 1259.50.

[Dopamine]

Stopped out on NQ over night. Will look to short via options at the open.

[Lemur]

http://www.youtube.com/watch?v=WWgtzwqWh60&feature=related

 

Those Kyle Bass interviews posted on the stool yesterday are really excellent.

[Lugnut]

FWIW the market may be pricing in Benny buying Europe's toxic debt since he already owns all US toxic debt. I know Congress has to authorize new IMF allocations, but if the IMF gets paper off the books buy selling it to Ben then they never hit a ceiling.

 

We will print our way to prosperity. Hope I am very wrong, but it is European speculation week and this looks like front running of Banks, commodities and materials.

[Grand Poopercycle]

FWIW the market may be pricing in Benny buying Europe's toxic debt since he already owns all US toxic debt. I know Congress has to authorize new IMF allocations, but if the IMF gets paper off the books buy selling it to Ben then they never hit a ceiling.

 

We will print our way to prosperity. Hope I am very wrong, but it is European speculation week and this looks like front running.

 

 

"All?"

[Lugnut]

The ES divergences on the hourly chart are big and negative. Fade me.

[Lugnut]

"All?" :lol:

 

If you know of any more just let him know. If you are a retail owner he won't buy, but if you bundle enough together and then tell him you are a bank he pays close to par.