stocksthatpay.com

Morning Musings From Art Cashin – The Bubonic Plague And Healthcare Reform

Via UBS Financial Services As Told To…..

With Not Enough Plain Vanilla Corruption Out There, The SEC Is Now Chasing After Psychics

Don't say the SEC doesn't work hard for its billion dollar budget. The syndicate endorsing corruption (and not even worthy of capitalization), has released a statement indicating it is now pursuing enforcement action against a "known" psychic "who fraudulently raised $6 million after telling investors he could predict stock market highs and lows." Uhm, so does that mean that the SEC is now after every single pundit on CNBC as well

Key Structure and Level to watch on EURUSD Feb 24

A few readers have asked me to post on the current state of the EURUSD FOREX pair, and indeed there’s something interesting going on here and it’s definitely worth a look. Let’s see a long-term structure chart along with the key level to watch in the pair as we form positive divergences at the 61.8% Fibonacci Level - a very important inflection point for sure. (Click for full-size image) Taking the chart step-by-step, I’m showing the EUR-USD pair (this is the inverse of the US Dollar Index, which I highlight more often than pure FOREX pairs) from the March 2009 “bottom,’ which coincided with the stock market low

The JPYEUR Pair, Pardon, The Market, Is Flying As EUR Shorts Unwind, Carry Trades Reestablished

If anyone tells you there is such a thing as a stock market, laugh in their face. It is just the JPYEUR pair, whose every single tick pushes the various computer signals to buy buy buy (and pray to whatever binary gods are in vogue that there isn't a volume spike, else it becomes sell sell sell). Don't buy it

AtT Best of 2009 Part 1

I wanted to create a stable archive of the “Best Posts of 2009″ from an educational and reference perspective, and without further delay, here are the selected best posts from Afraid to Trade of 2009! This will be the first of a series of mini-archives which will focus on trading strategies and research. Remember , I will be presenting on “ Edge-Enhancing Price Principles ” at the New York Trader’s Expo on Tuesday, February 16th at 4:30 EST which you can attend live via webinar ( register at MoneyShow.com to create your schedule and view other webinars free as well). Also, you can view the Full Afraid to Trade Archives by visiting the Archive Page .

First Greece, Now Spain: Moore Capital, Brevan Howard, Paulson As Well As JPM And Goldman Implicated In Spanish CDS Rout

Yesterday we reported on " concerted hedge fund attack s" rumors involving Greece. Today, via Alphaville , it appears that the mysterious hedge fund cabal strikes again, this time in Spain, and, more relevantly, this time there are names associated. If indeed these are the actors set on setting the world ablaze, they are more than likely the same ones who are involved in Greece, Portugal, Dubai, and elsewhere

Flashback One Year: A Study In Comparisons And Contrasts, And Why Q4 GDP Was Really Over 7% Lower

As David Rosenberg points out, " what a difference a year makes ." Here is the compare and contrast. A year ago, China was embarking on a massive fiscal and credit stimulus plan that would send commodity prices and global exports surging

ABC Consumer Index Drops To Lowest Reading Since Fall, Divergence From UMich Propaganda Reading At Record

The most recent ABC Confidence index came in at -49, just five points higher than the all time low of -54 set last January and is now at the lowest level since last fall. The prior week reading was -48, and the consensus for this week was -45, implying a substantial miss from expectations. The persistent deterioration in this index is increasingly at odds with other consumer readings, considering that the other two CONfidence indices, the UMichigan consumer sentiment and the Conference Board consumer confidence index both increased in January from the December readings.

The Volkswagen Soap Opera Rises From The Dead As Perry, Elliott And Glenhill Sue For Alleged Stock Manipulation

Update: It appears Larry Robbins does in fact have the money to pay for legal representation, and is involved in the lawsuit as GCM. The question of when the fund will rise above the high water mark, however, still stands.

Chasing Red Liquidity Herrings

In response to the earlier post on Treasury's supply/demand imbalance , a keen reader shares the following insight: if there are ~16t usd assets in banking per the article and ~1% are in treasuries today that means 9% conversion of assets to treasuries remains....the banks are woefully undercapitalized