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Seriously… For the 10th day of the last 11, the minutes before the NYMEX close (1430ET) have seen a remarkable sudden panic-buying spree… We note yesterday was exciting as crude crashed right as NYMEX closed… are the pattern-fitting algos starting to recognize their own self-reinforcing patterns and front-running each other? As always – buying is […]

With soaring youth unemployment, and close to 5 million people out of work overall, one would assume that the last problem Spain would encounter would be that it can’t find workers to fill open jobs. However, as Bloomberg reports, Spain is facing labor shortages as employers struggle to find capable employees. “We were looking for […]

Submitted by David Stockman via Contra Corner blog, That was quick. With practically of the Brexit loss recovered in four days and the market now up for the quarter and the year, what’s not to like? After all, the central banks are purportedly at the ready, and, in the case of the ECB and BOE, are […]

Following Tuesday’s horrific attack at Istanbul’s Ataturk airport which resulted in 44 death at the hands of 3 suicide bombers, Turkey was quick to blame the Islamic State for the terrorist act. And while that may be accurate, something surprising has emerged about the alleged ringleader of the group of three men who have been […]

Submitted by Patrick Buchanan via Buchanan.org, In Tuesday’s indictment of free trade as virtual economic treason, The Donald has really set the cat down among the pigeons. For, in denouncing NAFTA, the WTO, MFN for China and the Trans-Pacific Partnership, all backed by Bush I and II, Mitt Romney and Paul Ryan, Trump is all […]

We hope this helps… [embedded content] Quite a week!!! S&P +3.3% – best week since Oct 2014 Bullard Bounce “Most Shorted” stocks =10.1% in last 4 days – biggest squeeze since May 2009 Financials +3% – best week in 3 months 30Y Treasury yield to record low – best week in 3 months Silver +11.25% […]Read More

By EconMatters Always avoid the last 45 minutes of the “Pit Close” in the Oil Market, unless you have reached the Master`s skill level as a Oil Trader, and even then you better be on your A-Game as a Trader. Institutional Traders often close out or initiate new positions on the last 5-minute bar of […]

Submitted by Lance Roberts via RealInvestmentAdvice.com, Quite a week. Last week, the markets rallied in anticipation Britain would “Remain” in the European Union which reversed the sell-off from the previous week. Despite a variety of polls and betting sites showing rising odds of Britain remaining in the EU, the “inconceivable” occurred last Thursday proving everyone wrong. […]Read More

After a wild few weeks… VIX dropped almost 42% this week – its biggest decline in history – as nerves settled over Brits’ decision to “leave” the EU. A bigger “relief” than the end of the Gulf War, than the post-Bear Stearns fund liquidations bounce as Central Banks saved the world, and than the last […]Read More

The recurring losses of Oando Plc, huge debts and severe negative working capital position may cast significant doubt as to the company’s ability to continue.  That in a nutshell is how their auditors, EY expressed their opinion in its latest 2015 FY result. Here is a screenshot of it; Therefore, if urgent and responsible steps are not […]Read More

Note: “Buy” refers to the rate you pay if you want to buy forex. “Sell” is the rate that you sell to parallel market operators. Our rates are obtained from black market operators on the mainland and the island of Lagos. We prefer to publish the higher of the two. Dollars Buy   – N353 […]

BigLaw firms still employ summer interns and summer associates to do a lot of the grunt work associated with editing and proofreading, but solo and small firm attorneys don’t usually have that luxury. What do the smaller guys do when there’s not enough money to go around? These days, more and more small firms are […]