The market...
Trannies ended the week lower (first down-week in 7 weeks), Dow outperformed on the week (4th week up in a row)... The S&P record-high streak is over...
According to prosecutor Carol Sipperly, former HSBC currency trader Mark Johnson used just four words to trigger a massive, international front-running operation that netted his firm some $8 million in illicit profits: "my watch is off."
The bank’s former global head of foreign exchange alerted the traders around the globe via a phone call in December 2011 that was recorded, a prosecutor said Thursday. The gambit was designed to take advantage of a $3.5 billion client order to buy sterling, the U.S. says.
Submitted by Bill Blain of Mint Partners
“You’re a cop. I had your job once. I was good at.”
Continued Upside! What does it mean? Short term complacency danger, but long term maybe soft bull?
Has The Israel Lobby Destroyed Americans’ First Amendment Rights?
Paul Craig Roberts
World stocks eased back from record highs and fell for the first time in eight days, as jitters about Catalonia’s independence push returned while bets on higher U.S. interest rates sent the dollar to its highest since mid August; S&P 500 futures were modestly in the red - as they have been every day this week before levitating to record highs - ahead of hurricane-distorted nonfarm payrolls data (full preview here). U.S. jobs report will also be released Friday with a speech on monetary policy by the New York Fed chief.