Hilarious Buffett handling of Sokol at the meeting, the dude completely failed to explain how can he approve of his behavior one day and incinerate the man a few weeks later with the same information http://dealbook.nytimes.com/2011/04/30/sokols-response-buffetts-criticism-is-alarming/ But I guess its good for the stock
Efficient markets ... http://finviz.com/futures_charts.ashx?t=CL&p=m5 OBL is dead. Great, awesome, proud to be an American ... now exactly who are the idiots that actually sold oil on the news?
I'm trying to find more info on this but it appears that Obama received the news of the death of OBL at 7pm ET yesterday, some guy from the Bush adm defense department tweeted the info at 9:45pm ET(before the media) and the obama speech was a bit after that I like to know weird details like that, maybe one day I can make a lot of money knowing stuff like that
Yes, I'm pretty sure it was an aide to Rumsfeld who got the news first. If somehow this guy heard about it before POTUS, there's no reason to believe certain market participants didn't know as well. Commodities, especially silver opened up lower Sunday evening. We have to assume the OBL news had a good deal to do with it. Gold and crude now higher on the day. Copper back to flat. Silver retracing most of its 12% loss. Dollar index making new lows. Bernanke's bazooka remains the biggest, baddest tool on the block.
Obama watched the raid as it unfolded ... http://www.politico.com/news/stories/0511/54093.html Still doesn't change the probability that the news leaked out to markets several hours before the official announcement. Silver gunning for unchanged by EOD. Stepford equities continue to march higher. Very healthy situation Bernanke has created.
I want to know if that dude had acted on the info and loaded up on ES futures would he be breaking any rules. I never hear much about insider trading in futures
Gross: Even if stock view is correct, you are still getting screwed http://www.pimco.com/EN/insights/pages/the-caine-mutiny-part-2.aspx
Trichet waved the white flag on the euro today. Of course, shorting after the comments may not be the best strategy.
Flash crash in crude which falls to $101 from $104 minutes earlier. Has since bounced back to $103. Still down more than 5% for the day. Ben and Tim should be proud of themselves. In the wake of the GFC, they've managed to create a speculative financial environment Alan Greenspan could only dream about. QEIII announcement imminent.