Speaking Personally
Three
Important Stories
Best Buy Profit Sinks; Firm Will Shed Workers
Angry, Outspoken Youths Become a Force in Darfur
Leveraged ETFs and Large Late Day Trading Moves
Quotes and Pointers
"We believe that there has been a dramatic and potentially long-lasting change in consumer behavior as people adjust to the new realities of the marketplace. We also believe that customers will continue to reward those retailers who understand their needs and desires, and offer relevant solutions at fair prices. Yet we clearly recognize that these changes require us to make significant adjustments."
'In the long run, outsiders also worry that a cohesive militant group will organize across Darfur’s many camps, just as they emerged in the Palestinian territories and among Afghan refugees.
The shabab, strident in their politics, watch warily for any sign of compromise with the government of President Omar Hassan al-Bashir, who is being sought by an international prosecutor on charges of genocide and war crimes against the people of Darfur. Humanitarian officials suspect there are jails that the shabab help run in the camps, and that they mete out punishment like whippings to transgressors.
At Zalingei, United Nations officials have learned to give traditional sheiks 24 hours’ notice before any gathering outside the camps so that the sheiks can seek approval from elected shabab representatives.'
'Leveraged ETFs, now numbering over 100 in total (see lists here and here), have recently become popular since they allow market participants to take 2X and 3X positions on popular stock and sector indexes. Many of the leverage ETFs utilize swaps and options to achieve their leverage ratios. Not surprising, when the linked index or sector falls, corresponding stocks in the ETF have to be sold at a two to three times greater rate, increasing the moves in the indexes. In fact, the trend has become so predictable that many proprietary trading desks actively trade the levered ETFs toward the end of trading days with large moves, knowing that increased buying or selling is on its way'
David Enke
Out and About on the Net.
et alli is cross posted at The Intelligence Forum
A.Word.A.Day from Wordsmith.org: golconda
