Submitted by Tyler Durden on 06/29/2010 11:35 -0500
Here is why the entire Liberty 33 trading desk is set on preventing a break of 1,040 in the S&P - as Goldman's trading desk technician John Noyce warns, the next stop in the head and shoulders formation, should 1040 be taken out, would be 865, not to mention a complete rout for global teleprompter stocks post the mid-term elections.
7. Disgusting DC makes the final watering down of the FIN REG charade - do you remember the tom hanks joke about lawyers in one of his movies - what are 1000 politicians chained together at the ground of the sea? A good start
Submitted by Tyler Durden on 06/29/2010 11:26 -0500
Goldman off to the races as 3 reports confirm that the captured and bribed congressmen and senators are about to drop the $19 billion bank levy in order to win the support of Scott Brown and others who demand that banks gradually lose every expense item from their P&L over time, and have revenue translate to net income.We anticipate more such 11:59th hour horsetrading, as the entire already worthless bill is reduced to one ply toilet paper for Wall Street's CEOs.