POMO Comes At Huge Submitted-To-Accepted Ratio, Market Dumps

 

Jobless Claims: 454,000 - Stagflation Baby (Confirmed By Durable Goods)

A Correction Is Coming.

posted by Admin at Marc Faber Blog - 2 hours ago

*“A correction is coming. Equities in the U.S. will go down less than emerging markets.”* - *in an interview from Zurich on Bloomberg TV* Related: SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (...

 

 

Baltic Dry Index 187 Away From Triple Digits

 

Today's Egyptian Headlines, And Is Albania Next?

 

Egyptian Stock Market Plunges Over 11% To Fresh Multi-Year Lows; Is A Suez Canal Transit Halt Imminent?

Submitted by Tyler Durden on 01/27/2011 07:41 -0500

Ever wanted to see what a market plunge looks like into a revolution-inspired bidless open? Look no further than Egypt: after being halted briefly earlier, the market is now in freefall, dropping 11% in the span of minutes. This brings the two day drop to over 16%, and brings the EGX30 to the lowest level since 2009. Egyptian CDS have surged over 10% to 385 mid, a jump of 40 bps on the day. Anyone who purchased protection on the riot-torn country after we first suggested it is about to roll this weekend, congratulations. And while the important part of the world may ignore what is happening in Egypt, after all it is not US banker money thay is being lost, they may want to consider this: according to reports, there has been live fire in Suez, where the police headquarters have been taken over. More importantly, according to the Guardian, we may see the first army insubordination in this city: "a lawyer and executive director for the Arabic Network for Human Rights Information, has tweeted that some army units in Suez are refusing to support the crackdown against the people." Which means the government may be about to lose control over Suez... And the Suez Canal. 

 

 

S&P Downgrades Japan From AA To AA-, Outlook Stable

 

Here It Comes: US Suspends New Issuance Under Supplementary Financing Program, $200 Billion Liquidity Gusher Imminent

 

Frontrunning Today's Monetization Of Just Issued 2 Year Bonds

 

Complete FCIC Report

 

The Charts From The FCIC Report

 

Who Is Guarding The Fort (Knox)?

 

While the Financial Crisis Commission Report Looks Impressive At First Glance, It Doesn't Hit Hard Enough ... and Won't Lead to Any Real Change