Thursday, June 26, 2014

I love walks on the beach with my girlfriend, but the LSD has worn off and I realize I'm just dragging around a mannequin around a Wendy's parking lot.

Important news from the around the globe:
  • Citi Bank warns of a pullback in equities. Meanwhile I've been warning of a pullback for 18 months so I'm not sure this is news (Zero Hedge)
  • Alert: Yesterday was a good day to short the market (Trading Channels)
  • Oil near one week low as oil exports from Iraq have increased since insurgency (Bloomberg)
  • Cotton enters bear market (Bloomberg)
  • Despite weather, corn reserves rise for first time since 2005 in U.S. (Bloomberg)
  • Barclay's in yet another securities fraud suit (Financial Post)
  • Nautilus Minerals is world's first company to mine metals under the sea (Financial Post)
  • Facing off against the homeland: U.S. versus Germany (The Washington Post)
  • Russia supports a Palestinian state (World Bulletin)
  • Insurgents in Iraq close in on Baghdad (Reuters)