by The Mad Hedge Fund Trader Anne Barnhardt was the CEO of a money manager who was forced to shut down her firm in the wake of the MF Global collapse. She is calling for a boycott of the financial markets and JP Morgan (JPM) specifically. To listen to her blistering attack in full in an interview with by Buddy, Peter Schiff, please click here. I excerpt below: “Thank you for speaking up and cal Read More...

Courtesy of Mish Inquiring minds might be wondering what is the best way forward for Greece. To some extent, the question is akin to asking “would you prefer to lose a one hand and one eye or your left leg?” I have been thinking about the Greece “least bad” question for quite some time, but what brought about this post is a “by the editors” article on Bloomberg Read More...

Fallond Stock Picks Buyers were again able to recover the intraday loss to finish higher. The Nasdaq enjoyed the best of the day’s action, breaking above its 200-day MA on higher volume accumulation. Strength in the Nasdaq was helped by the continual improvement in market breadth; this time the Nasdaq Summation Index completed a net bullish turn in technicals. The semiconductor index climb Read More...

by Karl Denninger Ok, that might be a bit hyperbolic — he’s only going to kill your pension (which could, indirectly, kill you.) That is, assuming this rumor is correct:… According to the article, the Obama administration could announce a program modeled on one that was originally devised by Columbia University economists Glenn Hubbard and Christopher Mayer. Under that plan, all Read More...

Submitted by Tyler Durden The nonfarm payroll number prints at 200K on expectations of 155K. The Unemployment rate comes at 8.5% – lowest since February 2009, and down from an upward revised 8.7%. U-6 15.2% down from 15.6% in November. Average hourly earnings rose at 0.2%, in line with expectations, previous revised to -0.1% from unchanged. Private payrolls +212L vs Expectations of 178K. Read More...

Courtesy of ZeroHedge. Submitted by Tyler Durden. The Santa rally into the year end was taken good advantage of by retail America. As ICI reports, in the week ending December 28, investors pulled another $3.988 billion out of domestic equity mutual funds (and $1.2 billion out of foreign equtiy funds). This represents the 19th consecutive outflow since a tiny inflow in mid-August, which if exclud Read More...

Scott Redler T3Live Spy’s went into yesterday’s gap and held like a champ. We mentioned in the morning note that 126.50-127 should be buyable- The low was 126.71 Banks opened lower and bounced well with JPM continuing to impress- GS is lagging a bit I will watch it tomorrow for potential catch up play. FCX-X both opened lower as well and gave a nice negative to positive trade and then held in Read More...

Courtesy of Mish Inquiring minds might be wondering what is the best way forward for Greece. To some extent, the question is akin to asking “would you prefer to lose a one hand and one eye or your left leg?” I have been thinking about the Greece “least bad” question for quite some time, but what brought about this post is a “by the editors” article on Bloomberg. Read More...

What does a successful trader do that an unsuccessful trader can’t seem to master? They quickly find and get in and out of the winning trades with expert precision. What does this better than anyone else? Smart money of course! Big banks and financial institutions have the capital and agility to persuade large and medium cap stocks to move in a preferred direction. It may sound like they ha Read More...

First, the bad news. Although Africa has vast fossil and renewable energy sources, only twenty percent of its population has direct access to electricity and in some rural areas, four out of five people are completely without power. According to the UN, over 600 million Africans currently do not have access to electric power. A depressing 70 percent of Sub-Saharan Africa’s population is livi Read More...

Tim Iacono In their latest Daily Chart, The Economist has another one of those “Stocks in 2011″ summary graphics that, despite all the buzz about large-cap stocks in the U.S., reinforces the point that it was a rather dismal year for equities around the world. Don’t get too excited about equity markets in Venezuela – inflation there is running at 29 percent, a level that, according to Th Read More...

Fallond Stock Picks Markets are getting back into the swing of things; a bright start saw weak resistance taken out by solid breakout gaps. Volume was respectable enough and technicals for many indices are now net bullish. Over the course of Christmas week the S&P saw a Golden Cross between the 20-d and 50-d MAs. Resistance at 1,260 has turned into support, leaving the next challenge the Octob Read More...

Scott Redler T3Live S&P opened up strong and really did nothing most of the day. They stalled around 1284 above the 1277 area but below the 1292 October highs (traders definitely didn’t want to see the last 15 minute pull in) Today you had to pick spots in order to surgically remove cash flow if you came in flat But some that were here through the holidays had a nice cushion as we had the bu Read More...

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. It was the best of times, it was the worst of times. Given today’s excitement at a rallying equity market, we are already hearing chatter on raising GDP estimates even though macro data is benefiting from standard seasonal improvements. However, while these good times are rolling for some (who, we are not sure), Sean Co Read More...

Courtesy of Joshua Brown, The Reformed Broker Mr. Madison, what you have just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul. - Pr Read More...