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Carl Icahn Launches Super PAC To Promote "No Brainer" Tax Reform, Combat Tax...
While not vocally warning investors about the dangers of the market bubble this time (except in AAPL, where buybacks are encouraged), moments ago Carl Icahn released a letter in which he said that he...
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Icahn Reveals Latest "No Brainer" Idea: Urges AIG To Split, Sees 66% Share...
It has been a while since Icahn, who is still looking for a $200+ print on AAPL stock courtesy of corporate buybacks, issued a "no brainer" investment alert. He did that moments ago, when he revealed a...
View ArticleFrontrunning: October 29
Fed puts December rate hike firmly on the agenda (Reuters)Charting the Markets: A More Hawkish Fed Rattles Investors (BBG)China to modernize and improve fiscal and tax systems (Reuters)Deutsche Bank to...
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Partner Of "China's Carl Icahn" Executed By Local Police After Attempting...
The name of Shanghai's Xu Xiang is not a household name in US financial circles. It is in China. According to a recent profile in Want China Times (as of May 2014) Xiang, who heads the Shanghai-based...
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Futures Rebound From Overnight Lows On Stronger European Manufacturing...
On a day full of Manufacturing/PMI surveys from around the globe, the numbers everyone was looking at came out of China, where first the official, NBS PMI data disappointed after missing Mfg PMI...
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China Arrests Three High Frequency Traders For "Destabilizing The Market And...
Last night we reported the shocking news that none other than "China's Carl Icahn" (or its "Warren Buffett" depending on the news source), Xu Xiang - who has ranked China's 188th richest man with $2.2...
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Dan Loeb Now A Bear? "We Have More Single Short Names Than Long Positions In...
In recent months we have seen one after another hedge fund mogul and asset manager turn decidedly bearish: first it was Carl Icahn warning that the market will crash when central bank credibility...
View ArticleFrontrunning: November 3
Tech boom eases world stocks to two-and-a-half-month high (Reuters)S&P 500 Futures Slip as Aussie Gains on Rate Outlook; Oil Rises (BBG)Xi Says China Needs at Least 6.5% Growth in Next Five Years...
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El-Erian Says "The Market Believes Central Banks Are Our Best Friends...
A recurring theme we have covered here over the past few weeks and months (most recently here), is that while stocks have soared since the September lows (first on bad payrolls news suggesting no rate...
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Global Stocks Slide, Futures Drop After Turkey Shoots Down Russian Warplane
It had been a relatively quiet session overnight, with German GDP reported in line as expected, and attention focused on the second revision of US Q3 GDP in a few hours, when as reported previously,...
View ArticleFrontrunning: November 24
Turkey downs Russian warplane near Syria border, Moscow denies airspace violation (Reuters)Investors seek safety in bonds, yen after Turkey downs Russian jet (Reuters)Donald Trump Is Not Backing Down...
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How Illiquid Are Bond ETFs, Really? (Spoiler Alert: Very!)
Authored by Dave Nadig, via Factset.com,"Transcendent liquidity" is a somewhat silly-sounding phrase coined by the equally silly Matt Hougan, CEO of ETF.com, to discuss the odd situation in...
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After Arresting Hundreds Of Stock Traders, China Cracks Down On "Malicious"...
Five months ago, in the aftermath of its biggest market crash since 2008, China unleashed an unprecedented series of measures to stem the selling tide, none more mindblowing than its threat (which was...
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WTF Stock Chart Du Jour
In a world of get-rich-quick, fear-of-missing-out "investing," today's epic pump-and-dump is on an old favorite of the manipulators - Avon Products... Oprah is the new Carl Icahn!!How long before...
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Carl Icahn Warns "Meltdown In High Yield Is Just Beginning"
Amid the biggest weekly collapse in high-yield bonds since March 2009, Carl Icahn gently reminds investors that he saw this coming... and that it's only just getting started!As we warned here, and...
View ArticleFrontrunning: December 14
Oil prices drop towards 11-year lows on worsening glut (Reuters)Third Avenue Seen by Top Investors as Fueling More Carnage (BBG)Lucidus Has Liquidated $900 Million Credit Funds, Plans to Shut...
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Chesapeake Bonds Plummet To 27 Cents Of Par After Company Hires Restructuring...
After numerous false starts and months of hollow hopes for the stakeholders of beleaguered gas producer Chesapeake Energy, including an activist stake built up by none other than Carl Icahn which was...
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"Nobody Could Have Possibly Seen This Coming"
We have been watching the market's "sudden panic" about the implosion in the junk bond space with bemused detachment because, for the better part of the past year, we have been warning that this is...
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Futures Surge, Oil Rebounds As Fed Starts Historic Two-Day "Rate Hike" Meeting
The start of the Fed's most eagerly awaited two-day policy meeting in years has finally arrived with the market expecting Yellen to announce the first 25 bps rate hike in 9 years tomorrow with nearly...
View ArticleFrontrunning: December 29
The World's Richest People Got Poorer This Year (BBG)Oil hovers near 11-year lows on abundant supply, slowing demand (Reuters)Oil-Producing States Battered as Tax-Gushing Wells Are Shut Down (BBG)A...
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