Great, so now we've eternally PO'd the next President of France

Good job NYPD and Manhattan DA's office, you've just earned the enmity of the next president of France.

Strauss-Kahn Case Seen as in Jeopardy

Only took them a month and a half and ruining DSK's life to figure out the obvious. Hope the NYPD and Sofitel are ready to fork over some major dollars.

http://www.nytimes.com/2011/07/01/nyregion/strauss-kahn-case-seen-as-in-jeopardy.html?_r=1


http://www.contangocorner.com/2011/05/dsk-arrest-something-doesnt-smell-right.html

CL unable to break through resistance at 95

Interesting that market is up over 100 points yet CL is unable to move through this relatively weak resistance level and is up only 20 cents.

I'm going flat for now on CL.

CL major resistance at 95

CL hammered each time it breaches 95

Market action says to close long vix, and reverse position on oil

Market is following through on yesterday and 50 EMA on S&P 500 being penetrated to the upside. Tremendous strength in crude. Seems like the market is buying the kick the can down the road, at least in the short term.

"When a market doesn't do what it's supposed to do when it's supposed to do it then it may be about to do the exact opposite in a big way"

I was wrong on my last thesis, and I'm reversing my position on oil to go long, and closing the vix long.

Low volume and buy the rumor sell the news

Look at how low the volume was across the board.

Methinks it will be buy the rumor and sell the news on Greece.

Kick the can down the road

Let's see if Greece is able to kick the can down the road for a bit longer, market now thinks it will be able to, I do not think so and am positioning myself for a spike in volatility and a continued decline in oil.

Long vix futures in a giant way

The fear hasn't event started. Vix in the 30's or more before this is done

Close Brent short

Close Brent short, not bad for a day's work, -$6!

Today = Excellent Entry for Brent Crude Short

Pop in Brent Crude has arrived = excellent entry point for brent crude short

Romney vs. Cain for 2012

Romney's real challenge for the Republican nomination will be Herman Cain, a black man whose life story is the epitome of the the American dream, a successful businessman with political outsider status and a social issue view near and dear to the Republican party.

Looking for a bounce to short Brent Aug Futures

Oil futures market seems to be discounting repercussions of Greece default, from what I'm seeing on the OECD page and the CDS rates a default is likely.

The default could crush a nascent recovery in the US and EU and cause a domino effect resulting in a hard landing for China's economy.

Close RIMM short, close WTI short

Don't look a gift horse in the mouth, $7 drop in WTI and 25% decline in RIMM is not bad work for the week.

Add to WTI short, open short on RIMM

Add to WTI short, open short on RIMM.

Basic thesis:

1. Most market observers are ready to call an end to the correction (contrarian indicator)
2. Copper divergence with transports indicative of impending weakness
3. A/D line plummeting indicative of impending weakness
4. Rydex funds which are used by large traders because of the fund liquidity show that there is a sharp move to cash taking place.

Conclusion: Sell and Short.

Close all equity longs, add to oil short

Huge divergence between copper and transports, with copper dropping and transports continuing upwards, close all equity longs, sell on any weak bounces.

Add to WTI oil short.

So many web 2.0 companies to short...so little time

LinkedIn, Pandora, now Groupon.... whom to short?

My vote goes to shorting Groupon:
No economic moat, easily replicable, no real critical mass or defensible social network, no store loyalty, declining margins