Wednesday, September 08, 2010

When 'they' are heavily short and the market goes against them by ignoring their cronies 'double dip' end of the world predictions, they getthe analyst to write doomsday articles. I am glad Obama ia getting tough with them, so much so the JP Morgan and Goldman Sachs proprietary trading arms also tapau.

"Wall Street Journal analysis revealed that Europe's recent stress tests of the strength of major banks understated some lenders' holdings of potentially risky government debt.

The analysis found that an examination of the banks' disclosures indicated that some banks did not provide as comprehensive a picture of their government-debt holdings as regulators claimed. In addition, it said, some banks excluded certain bonds, and many reduced the sums to account for "short" positions they held. It said that neither regulators nor most banks disclosed these facts when the test results were published in late July. "

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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

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From Dragons and Bulls by Stanley Kroll
Introduction and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system