Comments for Buy the Rumor Sell the Fact

Comment on MF Global: Where’s the money? by Richard Callahan

Richard Callahan — Thu, 02 Feb 2012 00:29:48 +0000

Here is a Question…

Where is Corzine?

Comment on MF Global: Where’s the money? by Hal (GT)

Hal (GT) — Tue, 31 Jan 2012 21:45:14 +0000

You’re right about the further we get from it.

It’s all MOPE. The wizards controlling the money and pulling the strings don’t want the real info to get out and are attempting to make it all go away by blowing smoke.

But I’m thinking it won’t because it’s likely we’ll be seeing more occurrences of the same kind of event rather shortly.

If you’ve not listened to Jim Sinclair’s interview yet, it’s a must:

The Impending Undeclared Default Of 5 Major US Banks
http://www.jsmineset.com/2012/01/30/the-impending-undeclared-default-of-5-major-us-banks/

Comment on MF Global situation should end the float by Paul Bruen

Paul Bruen — Wed, 07 Dec 2011 21:12:31 +0000

I have been customer of MF Global since the REFCO days. The liquidation of client assets is in shambles. The Trustee has returned 60% of client funds, not to the clients, but to FCM’s of the Trustee’s choosing without the permission of the client’s. Upon inquiry the client is informed by the FCM that he must contact a new IB to represent his account with the FCM. The new IB was assigned to the account by the Trustee. After a little digging I learned my new IB was a firm made up of former MF Global employee’s. I was never informed of this fact.
Let’s give the remnants of a bankrupt company back to the very people who caused its demise without any disclosure to the client.
Legal,questionable. Ethical, not a chance.

phone; 772-221-1216
772-475-8777

Comment on MF Global situation becomes less clear by l davis

l davis — Mon, 28 Nov 2011 17:54:15 +0000

tell me where it might be safe to trade
prefer out of the county
thanks
larry

Comment on MF Global situation becomes less clear by Ron

Ron — Mon, 28 Nov 2011 17:38:00 +0000

And yet the Republicans are fighting giving more money and adding regulations to the SEC and CFTC to combat fraud and to fix these problems.

In other words, the Republicans are saying “screw you” retail investor.

Comment on A foundation at risk by Ellen

Ellen — Mon, 28 Nov 2011 16:53:13 +0000

“Perhaps most blame should go to the trustee, who didn’t seem to understand the rules of the game. But the CFTC deserves as much blame, abdicating its responsibility when a huge majority of the MF Global accounts were futures based. ”

True. But how is it that SIPC assigned this to a clueless trustee, who sits on their own board? There will be lots of time for Monday morning review. Meanwhile, the US court system appears to be failing as well.

Tragic all around.

Comment on Will MF Global make the Monday open? by charles

charles — Mon, 31 Oct 2011 04:25:19 +0000

what do you think? will it open?

Comment on Position limits pass, now for something important by Ron

Ron — Wed, 19 Oct 2011 16:10:57 +0000

Answer this question Dan, did Amaranth affect NG prices? If so, and I firmly believe they did, then these limits are needed because if Amaranth did it so can others.

Comment on Speculators or investors: One in the same by BH Bigg

BH Bigg — Tue, 04 Oct 2011 16:59:10 +0000

The time horizons are quite different. Often as not, speculators use far more leverage than real investors who use little if any. Oh, and then there is short selling, especially naked short selling.

All that said, the real difference is the massive level of protection and mollycoddling given by the GOP in DC to speculators. That comes at the expense of American entrepreneurs and families seeking to save for their children’s education or their retirement.

Comment on But what is a “swap?” by Steve Bella

Steve Bella — Mon, 26 Sep 2011 20:36:45 +0000

“Collateral standards will be far more self-set by the parties for exempt swaps but not for futures.”
I’m not even sure what this means. Nor the entire article. Who is he speaking to?