Wednesday, March 10, 2010

Mid Week News 10 Mar

Happy Tech Bubble Pop 2000!
  • Shadow Banking System & its impact on Traditional Banking. (Zerohedge)
  • SPY Volume back to 2010 Lows as Equity Mutual Funds are tapped out- Just think of all the "cash on the sidelines". (Zerohedge)
  • Natural Gas Shopping Spree Continues- Insiders must be accumulating because of how low the price will be in perpetuity. (Blogs.WSJ.Com)
  • Irrational Exuberance: Stocks rally on Friday's US (Un)Employment Number- U-6 unemployment actually went up! (Seeking Alpha)
  • Greece's problems "completely over" according to Romano Prodi- This reads like a children's story only sans gumdrops and butterfly dreams- It's time for Ouzo body shots! (Bloomberg)
  • Federal Reserve announces expansion of Reverse Repo Program: now targeting money market funds as counterparties- When I think "risk free paper earning interest", I think Federal Reserve Assets. (Zerohedge)
  • Weekly Crude & Distillate Report (EIA)