All Posts (10733)
Sort by
There are plenty of indications that the economy is shifting into higher gear. And they are not just buried in economists' models and spreadsheets, but evident in the day-to-day decisions consumers and business folks make.
So, yes, you can look to the stock market -- a classic leading economic indicator, nearing a 100% gain over two years -- for reassurance about tomorrow. But you can also read the economic tea leaves on golf greens and in underwear sales. http://finance.yahoo.com/banking-budgeting/article/112150/signs-economy-is-on-the-upswing
My question is simple. What are bankers like J.P. Morgan and HSBC doing playing in such size in this market? What is the economic and productive benefit? Perhaps there is a good answer. The taxpaying public certainly deserves to know. The CFTC says they have looked into this, but the detailed results of their findings remain less than forthcoming.
IF this is legitimate hedging for producers then all well and good, but then there is no justification for secrecy. If these are trading positions held by the bank, or by the bank as agent for speculators, then there may be a greater reason for secrecy, but the magnitude of the shorts is far out of bounds in size. Ten years of production is not a short position, but the entire market and then some. http://jessescrossroadscafe.blogspot.com/2011/02/silver-bankers-sitting-on-big.html
Keep an eye on the German DAX on Monday , this could be a catalyst for a sell off on Monday
Good list of the most widely held names in the hedge fund space
