An Open Letter To The Financial Media

In what will likely be a vain attempt at reminding readers of the ridiculousness of television media, here is a posting from ZeroHedge.blogspot.com from 2009 that will leave you breathless (something the old Zero Hedge was known and loved for, especially when it came to posting on Flash Trading and derivatives). The posting has been reformatted to make consumption a bit easier.

Snapchat Is Shit

You Should Never Put Your Money Into The US Equity Market

$TWTR rebuffs hostile takeover offer from Jeff Skilling

— CalConfidence (@CalConfidence) December 29, 2016

VLCC Rates Continue To Climb Alongside Sell-Side Crude Estimates

As noted previously, shipping rates continue to climb. Oddly, anchored ships remain about 8% of the fleet with four more being added to the bay I monitor, which helps to raise spot prices and thereby generating beneficial economics to shippers who choose to anchor these bad boys on the water for weeks if not months at a time because fools like CNBC enjoy looking at onshore inventories and asking "is it priced in?" which in this case, yes, it's pricing in but that is no surprise given the fraud and manipulation that takes place in the oil market. By the way, did you really believe OPEC and Non-OPEC would work out a fully fledged production freeze?

Insider Trading: Friday December 16

Hey CNBC, BLOW IT OUT YOUR ASS!

Following the FOMC minutes release on Oct 12 of the September 21-22 meeting we can see TSY Ex. TIPS net positions bombing out for securities between 6- & 7-years maturity. Now we see the sprint into the 2-year paper from Primary dealers. The short term focus is the highest demand. 

When Ships Fly

Tanker rates for VLCCs are flying higher as China imports of crude swell by 900Kbpd YTD to 7.6Mbpd. This year, the rate for VLCCs has climbed from a low of $14,400/Day to $52,600/Day. 

Insider Trading: Wednesday December 14

I'm going for a drive in the Dubai desert so the reading is thin this morning for me.

TRADER ALERT: User Fakes Being Bloomberg Reporter, Spreads False Info About Deutsche Bank

You have to be smart and on your toes out here. Sadly, this novice attempted to punk me and now he's been reported to the SEC and further having his efforts documented here.

Source Confirms Samsung Management Knew Of Note 7 Fire Hazard In Early Stage Production

The Samsung Galaxy Note 7, that phone that no one can take on airplanes because it explodes into a fireball, was allowed to go to production following warnings from Samsung's engineering department according to a source I spoke with.