* After posting fresh year highs at the beginning of the holiday week, for the past 4 days DJ lost 4.12%, SP500 fell some 3.8% - the worst results since march 09'. In the same period VIX doubled to 27.3
* The most hard hit sectors for the week were: materials - minus 6.3% and financials - 5.1%. The strongest was consumer staples with health care that lost 1.8% both
* So far 78% 4q results beat expectation, but WhisperNumber.com analysts say the main stocks slump factor is missing the "whisper number", a metric that is similar but considerably tougher to beat
* China's officials made sign to cut probability of asset bubble by credit lines limits
* Deutsche Bank told clients the odds high China will likely hike interest rates already in the second half of march
* Meredith Whitney said Obama proposal, officially called "the Volker rule", to limit banks size and prevent them to profit on their hedge funds (prop trading), will go through and will reduce liquidity in corporate and consumer market
* Pimco's CEO Mohamed El-Erian said the proposal is going to intensify in other counties
* Barney Frank, chairman of the House Financial Services Committee, said he would support bank rule changes, but only over a longer time frame, near three to five years.
* Economics of Contempt think Obama proposal is political stunt that is going to quietly die in committee
* CreditSights analysts reported Goldman's true prop trading exposure is even near 30-40% of total revenue.
* Goldman's CFO David Viniar said the bank don't have prop trading and everything they do is ultimately for the benefit of their clients
* Bernanke can face more opposition while approving his 2nd term than any Fed chairman in recent history - CNBC survey shows only 67% senators likely vote in Bernanke favor
* Bespoke survey shows that 42% of traders and investors as the most contributed factor to recent stocks slump have named overbought market conditions. 38% blame on Washington and only 9% on China
* Corey Rosenbloom, founder and CEO AfraidToTrade.com, pointed out that current SP500 near 3.8% slump is not so sever. Since march 09' index have posted four pullbacks on average of 6.4%
* The most hard hit sectors for the week were: materials - minus 6.3% and financials - 5.1%. The strongest was consumer staples with health care that lost 1.8% both
* So far 78% 4q results beat expectation, but WhisperNumber.com analysts say the main stocks slump factor is missing the "whisper number", a metric that is similar but considerably tougher to beat
* China's officials made sign to cut probability of asset bubble by credit lines limits
* Deutsche Bank told clients the odds high China will likely hike interest rates already in the second half of march
* Meredith Whitney said Obama proposal, officially called "the Volker rule", to limit banks size and prevent them to profit on their hedge funds (prop trading), will go through and will reduce liquidity in corporate and consumer market
* Pimco's CEO Mohamed El-Erian said the proposal is going to intensify in other counties
* Barney Frank, chairman of the House Financial Services Committee, said he would support bank rule changes, but only over a longer time frame, near three to five years.
* Economics of Contempt think Obama proposal is political stunt that is going to quietly die in committee
* CreditSights analysts reported Goldman's true prop trading exposure is even near 30-40% of total revenue.
* Goldman's CFO David Viniar said the bank don't have prop trading and everything they do is ultimately for the benefit of their clients
* Bernanke can face more opposition while approving his 2nd term than any Fed chairman in recent history - CNBC survey shows only 67% senators likely vote in Bernanke favor
* Bespoke survey shows that 42% of traders and investors as the most contributed factor to recent stocks slump have named overbought market conditions. 38% blame on Washington and only 9% on China
* Corey Rosenbloom, founder and CEO AfraidToTrade.com, pointed out that current SP500 near 3.8% slump is not so sever. Since march 09' index have posted four pullbacks on average of 6.4%
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