"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Friday, December 9, 2016

Insider Trading: Friday December 9

  • In Unprecedented Move, Dallas Pension System Suspends Withdrawals (ZERO HEDGE)
  • Gene Munster Leaving Piper Jaffray To Launch VC Firm (BENZINGA)
  • Casino Stocks Fall As Macau Prepares To Slash ATM Withdrawal Limits (SCMP)
  • Transportation Department Weighs Allowing Phone Calls During Flights (WSJ)
  • Nation’s Overdose Death Toll Soars To More Than 50,000 (PORTLAND PRESS HERALD)
  • Terminal Operator Reduces Freight Rates To Woo Vehicle Importers (VANGUARD)
  • South Korea's President Park Impeached In Parliamentary Vote (REUTERS)
  • Bank Of Japan Launching Redesigned Website On Dec 31 (BOJ)
  • Is FOMO Back Now? - Natural Gas Daily (SEEKING ALPHA)

Highlights from Analyst notes:
  • CSFB - 70 Oil Services Co's have filed Chapter 11 in 2017 versus 39 in 2016.
  • Goldman starts CNX at Neutral - "we project the company has roughly 28 years of inventory capable of generating IRRs in excess of 40%".
  • HSBC - Pershing Sq. down 11.90% YTD, down 1.70% MTD.
  • Citi says Emerging Market sees first outflows in 4 weeks, total outflow last week = $1.8B
  • Danske offers visual aid to ECB QE actions - click here

December 9 Events:
  • Premarket - MTN - Vail Resorts - Est. EPS ($1.57), Revs $184.98M
  • Premarket - FGP - Ferrellgas Partners LP - Est. EPS ($0.51), Revs $357.25M 
  • Baker Hughes Rig Counts at 1300 hrs eastern time (Source Data)
  • Michigan Consumer Confidence at 1000 hrs eastern time (Source Data)