It is the 27th of May 2017

News

Corzine Tries To Launch A Hedge Fund For The 3rd Time. "To Trade The Trump Crash"

Shortly after Jon Corzine not only destroyed MF Global but "vaporized" $1.6 billion in supposedly segregated client funds which were illegally commingled with operating cash, Jon Corzine had a brief encounter with the legal system including several kangaroo court sessions in Congress, which ultimately led to absolutely nothing for two simple reasons.

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Corzine Tries To Launch A Hedge Fund For The 3rd Time. "To Trade The Trump Crash"

Shortly after Jon Corzine not only destroyed MF Global but "vaporized" $1.6 billion in supposedly segregated client funds which were illegally commingled with operating cash, Jon Corzine had a brief encounter with the legal system including several kangaroo court sessions in Congress, which ultimately led to absolutely nothing for two simple reasons.

Read More

Corzine Tries To Launch A Hedge Fund For The 3rd Time. "To Trade The Trump Crash"

Shortly after Jon Corzine not only destroyed MF Global but "vaporized" $1.6 billion in supposedly segregated client funds which were illegally commingled with operating cash, Jon Corzine had a brief encounter with the legal system including several kangaroo court sessions in Congress, which ultimately led to absolutely nothing for two simple reasons.

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SNAPCHAT DEAD IN LESS THAN 3 MONTHS TRADING AS A PUBLIC ENTITY

This is shameful on behalf of the underwriters.  Both Morgan Stanley and Goldman Sachs (who the else, huh?) should go fuck themselves, for pricing the Snapchat IPO the way they did. There is no reasonable explanation as to why they'd price it so expensively, other than greed.

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SNAPCHAT DEAD IN LESS THAN 3 MONTHS TRADING AS A PUBLIC ENTITY

This is shameful on behalf of the underwriters.  Both Morgan Stanley and Goldman Sachs (who the else, huh?) should go fuck themselves, for pricing the Snapchat IPO the way they did. There is no reasonable explanation as to why they'd price it so expensively, other than greed.

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The Chart That's Keeping Goldman Up At Night

The spread between "hard" and "soft", or survey and sentiment data, ever since the election has been extensively noted and discussed on this website in recent months (especially since over the past two months the soft data has rolled decisively over, while the Citi economic surprise index has crashed at the fastest pace on record). Which is why it will come as no surprise to readers that, as Goldman writes in a note looking at "Peak Sentiment", over the past six months, US “sentiment surveys” have outpaced both “activity surveys” and “hard data”. This rise in sentiment has accelerated in the post-election period, prompting many (Goldman included) to link the surge in sentiment with optimism about the new administration’s pro-growth policy. It has also spilled over into equity markets in general, and institutional and retail traders in particular.

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