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Thread: Weekend news items

  1. #1
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    Default Weekend news items

    PMI 4.17, +1.38, +49.5%) shares jumped 40% Thursday after it reached a deal to sell its Australian operations, as the mortgage insurer tries to steady itself amid slumping house prices and surging defaults on home loans in the U.S. See full story.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    SAN FRANCISCO (MarketWatch) -- Gold futures closed with a loss of $17 an ounce Thursday, surrendering the prior session's strong gain and then some, as traders continued to watch movements in the oil and currency markets in vain for an excuse to buy the precious metal.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    NEW YORK (MarketWatch) -- U.S. stocks on Thursday snapped back after two days of losses, with the financial sector fronting the gains, as investors brushed aside negative economic data and focused on recent dips in commodities' prices.
    http://www.marketwatch.com/News/Stor...-B6C3D16F4A38}

    Implications of the Slowing Global Economy
    http://globaleconomicanalysis.blogsp...l-economy.html

    The financial Times is reporting Eurozone edges closer to recession.
    http://globaleconomicanalysis.blogsp...recession.html

    SAN FRANCISCO (MarketWatch) -- Gold was supposed to be more resilient, both literally and figuratively, to the sell off in commodities -- yet prices for the precious metal have dropped more than $100 per ounce in the past two weeks.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    U.S. mint suspends gold coin sales; Market rigged to support dollar?
    http://implode-explode.com/viewnews/...ortdollar.html

    After the price of precious metals has plunged over the last month, with another big leg down last night, and amid a veritable bull market in bear market calls for commodities, with one pundit after another heralding the merciful end to soaring commodity prices now that it has become clear there are worse paper currencies in the world than the U.S. dollar, reports of shortages of physical gold and silver are mounting.
    Plunging prices and mounting shortages.
    Does that make any sense?
    http://themessthatgreenspanmade.blog...us-metals.html

    Some excellent gold commentary at Minyanville
    http://themessthatgreenspanmade.blog...nyanville.html

    Panic Selling in Gold: What's Next?
    http://www.minyanville.com/articles/index.php?a=18537

    SAN FRANCISCO (MarketWatch) -- Canadian stocks retreated for the second straight day Friday as crude-oil and gold futures closed lower, pulling down shares of energy and mining companies.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    Gold, Silver and the Great Unwind
    http://globaleconomicanalysis.blogsp...at-unwind.html

    They have been told to ‘de-lever and raise capital’ but it fell on deaf ears for over a year. Now, here comes the ‘asset’ sales all at once.
    http://mrmortgage.ml-implode.com/200...ng-is-upon-us/
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: Weekend news items

    ^^^ if only the commodities exchange had implemented the same sort of 'emergency' rules against (naked) short selling of gold that the securities exchange implemented against (naked) short selling of selected bank stocks !!!

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    Default Re: Weekend news items

    Heh The bank-stock short selling restrictions expired the other day, by the way.
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: Weekend news items

    Quote Originally Posted by person View Post
    Heh The bank-stock short selling restrictions expired the other day, by the way.
    The race is on come Monday!

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    Default Re: Weekend news items

    It happened part way through the week, if I recall correctly.
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: Weekend news items

    FNM and FRE tanked big time today, along with most of the S&P financials. I'll bet you that if this continues, the no short selling emergency order will have to be quickly reinstated.

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    Default Re: Weekend news items

    Wow that's pretty bad

    Over here we had other movement
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
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    Default Re: Weekend news items

    Quote Originally Posted by Melonie View Post
    FNM and FRE tanked big time today, along with most of the S&P financials. I'll bet you that if this continues, the no short selling emergency order will have to be quickly reinstated.
    Did It Help to Curb Short Sales?
    A rule that made it harder to short some financial stocks — and that may have helped raise prices and reduce the volume of shorting in those stocks — expired Tuesday, as the Securities and Exchange Commission considers whether to tighten the rules on all short selling.
    http://www.nytimes.com/2008/08/13/bu...yt&oref=slogin

    Fannie Mae and Freddie Mac preferred stocks rose ~$3 in the last hour of trading. Yes you read that right. Something like 25% off the lows of the day to finish some 10-15% higher for the session.
    I couldn't find anyone who knew why, but all the traders I talked to suggested it had a certain "The Dukes know something!" feel to it.
    http://accruedint.blogspot.com/2008/...elieve-it.html

    Bloomberg is reporting Lehman May Report $4 Billion Writedown, JPMorgan Says.
    http://globaleconomicanalysis.blogsp...p-trouble.html


    WASHINGTON (Reuters) - The top U.S. securities regulator plans to propose a new short selling rule in the next few weeks which would be broader than an emergency order covering just 19 financial stocks which ended last week.
    http://news.yahoo.com/s/nm/20080819/...hortselling_dc

    The Telegraph is reporting Sharp US money supply contraction points to Wall Street crunch ahead.
    http://globaleconomicanalysis.blogsp...re-is-now.html

    CDS trading is looking real panicky this morning. Lehman is 40ish bps wider, other brokers 20 wider. Zero liquidity. Swaps wider again, although mildly. Fannie and Freddie senior spreads unchanged. MBS look slightly wider after finishing basically unchanged yesterday.
    http://accruedint.blogspot.com/2008/...t-bad-huh.html
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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