11 February, 2015 by The TZ Newswire Staff Comments Off on Austria’s 3rd Largest Bank Goes Full Bear Stearns: CEO Blames "Short Sellers" For Firm’s Demise
Austria’s 3rd Largest Bank Goes Full Bear Stearns: CEO Blames "Short Sellers" For Firm’s Demise
You know it’s bad when… you start blaming speculators. Very reminiscent of the “it’s not us, we have a solid balance sheet, it’s the short selling speculators” bullshit in the days before and after the stock crashes of American Insurance Group, Bear Stearns, Lehman Brothers and Merrill Lynch; mere days after his bank’s bonds crashed, the CEO of Raiffeissen Bank (Austria’s 3rd largest) has stated (unequivocally) that “panic was created artificially,” blaming short-sellers for his bank’s demise.
11 February, 2015 by The TZ Newswire Staff Comments Off on Fourth Turning: The Shadow Of Crisis Has Not Passed – Part 2
Fourth Turning: The Shadow Of Crisis Has Not Passed – Part 2
11 February, 2015 by The TZ Newswire Staff Comments Off on The Margin: Can’t hire enough waiters at your restaurant? Hire a drone
The Margin: Can’t hire enough waiters at your restaurant? Hire a drone
A restaurant in Singapore will use drones to help deliver food by the end of the year.
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11 February, 2015 by The TZ Newswire Staff Comments Off on Putin’s Top Security Advisor: "Current US Approach Leads To Inevitable Confrontation With Russia And China"
Putin’s Top Security Advisor: "Current US Approach Leads To Inevitable Confrontation With Russia And China"
Following the humiliation of tonight’s much anticipated Eurogroup meeting in which for the first time ever, not only did Greece punk Germany’s stern finance minister, but the ensuing disarray was so profound the panicked European finance ministers couldn’t even find a quorum consensus to produce even the tersest of official statements, there was some hope that the second round of negotiations currently taking place in Minsk to find a solution to the Ukraine civil war would at least partially redeem Europe’s falteri
11 February, 2015 by The TZ Newswire Staff Comments Off on The Margin: Tiger Woods hangs up his cleats until his game is tournament-ready
The Margin: Tiger Woods hangs up his cleats until his game is tournament-ready
When the average duffer shoots an 82, it’s cause for a party on the 19th hole. When Tiger Woods cards a number like that, it’s time to hang up the cleats.
11 February, 2015 by The TZ Newswire Staff Comments Off on Billionaire Baubles: A $3.5 Million iPhone 6
Billionaire Baubles: A $3.5 Million iPhone 6
In today’s new normal, all that matters is pretense and for the most pretentious items we need to dig deep down in the Oligarch ornaments folder. The latest must-have item among those that really understand the world (and manage it) – The $3.5 million “Diamond Ecstasy” iPhone 6 from Goldgenie.
11 February, 2015 by The TZ Newswire Staff Comments Off on Tough Market Here
Tough Market Here
This market doesn’t have a clue what it wants to do right now. When breakouts fail (KITE, ZIOP) it tells you that the market is tentative.
Yesterday I put KITE on the P&L at 62.75. Today it traded pennies from 68. If you are one of my traders, you took the profit. I am a swing trader so I stayed long. I did however send out an email alert that I didn’t like the action so I raised the stop. Its choppy now, so caution is key and I’d rather take tight stops than bigger ones.