Black Friday Night Jazz
BLACK FRIDAY ~~~ On days like this, where the market opens up over 100 and closes down 170, I always get that "Black Friday"...
Conspiracy theory of the day
Here’s a job listed on Bloomberg for Delta 1 Traders — the exact same position Jérôme Kerviel held at SG. It was posted in...
Quote of the Day: Ackman on MBIA
Bill Ackman asks if Fitch Ratings should really have a Triple AAA rating on MBIA: Does a company deserve your highest Triple A rating...
Developing Economies Face Reckoning
Today’s chart porn: Source:Developing Economies Face Reckoning as U.S. StumblesPATRICK BARTA and MARCUS WALKERWSJ, January 24,...
Read it here first: Fed Responding to Stocks?
Read it here first: the latest meme making the rounds is whether Tuesday’s emergency Fed action was a "Rogue rate...
Santelli vs Cramer
Since this has been circulating around the intertubes anyway, we present you with: Rick Santelli vs Jim Cramer
Fed: We didn’t know about SocGen trades
As we suspected earlier today: The Federal Reserve was not aware that Societe Generale was unwinding trades in Europe on Monday that had...
Monoline Rescue Plan Round Up
Here are some of the stories on the proposed rescue plan of the monoline insurers (AMBAC, FGIC, MBIA) • Banks pressed to bail-out bond...
Fed’s Folly: Fooled by Flawed Futures?
Was it a misunderstanding of their mandate, inexperience, or just plain hubris? Regardless, it took only 2 days to learn just how...
How is the Market Trading Infrastructure Holding Up?
Throughout yesterday, I heard numerous reports of traders unable to get through to their brokers / clearing firms. In particular,...