If you want to learn something, read Christopher Byron in the nypost.com every other day, when you lays out the hinky doings in the capital markets. I started reading Byron years ago, when I caught his excellent explaination of yield curve analysis. It was so good, I bought the long bond when everyone was buying Stocks because the yield curve was flat, a sign that a move is under way in the debt markets, which of course mouth of the Nile in many ways. At any rate, I more than doubled my money trading the safest paper in the world. Not bad, so understandably, we have a hinky bia in favoring the Byron. At any rate, he laid out the trouble at the SEC, and the bogus accounting-regulatory reforms taking place, which grab headlines, while hedgefunds are lining up to grab dollars.
It turns out, the regulators are going to give hedge funds a crack at exemption from the Short Swing Tradeing Rules, which prevent churning by large holders and insiders of a given company's stock. Mutual funds are excempt, and they use it to paint the tape, showing profits by flipping in and out of the market with limitations. Now, hedge funds will be able to do the same, using massive leverage, and rapid fire technologies that buy and sell holdings in the wink of a hinky eye.
Byron should have a seat in D.C., where he can pop the bubbles that half school regulators blow in the light of political needs of the day. He should have a seat next to the Post's Credele, in a trailer outside the Federal Reserve, so Big Al has to walk by his window every day, to remind him that someone is listening when he draw a line between "disinflation" and "deflation," and when he site our International Dept. of Labor's stats. to justify some hinky observation that will lead to 14,000 American's getting assed out of their jobs down in any given month while factories shoot up in Shenzhen City, or Isreal, or Peru, or wherever they can pay people 1/100th of what they would make to live and work here in the good old United States of Entertainment.
What's hinky? You mean beside Joe Lieberman running to clean up the markets? Please standby. It's the economy "stupid," as if not seeing every angle of a scam like Nafta makes a citizen stupid, and as if turning a catering business into the largest IPO is what's smart. It's a good thing all those stupid people go to KMart and buy Martha's Cerulian blue sheets, huh?
Try to make it real compared to what?
Hinky 9:26 AM
