Daily Oil Market Summary: 10.11.2010

Tyler Durden's picture Submitted by Tyler Durden on 10/11/2010 18:48 -0500

Submitted by Cameron Hanover


5 Your rating: None Average: 5 (1 vote)
» Share/Save Login or register to post commentsPrinter-friendly versionSend to friend

by Atomizer
on Mon, 10/11/2010 – 19:08

Shhhhhhhhhhh. Keep this a secret

Per Jacobsson Lecture – “Navigating the New Normal”

October 10, 2010

CEO and co-CIO of Pimco, Mohamed El-Erian, delivers the 2010 Per Jacobsson Lecture.

Categories: Annual Meetings


Mohamed El-Erian, CEO and co-CIO of Pimco.

Text of the Lecture



Login or register to post comments by FischerBlack
on Mon, 10/11/2010 – 19:08

ZH got a mention:



Login or register to post comments by Atomizer
on Mon, 10/11/2010 – 19:20

IMF, World Bank annual meetings ends with agreement on currency disputes – CCTV 101011

UN Millennium development goals, what the fuck is that? LOL. It’s about GDP and wealth distribution. Use google and add Obama to your search string.

Login or register to post comments by Atomizer
on Mon, 10/11/2010 – 19:21

Good night ZH’ers

by Atomizer
on Sun, 05/16/2010 – 16:46

He said the ideal mechanism would provide money at less than commercial terms and with favourable repayment plans, and would be coupled with a legal system that could handle disputes when countries failed to pay back loans.


“What normally gets wound up, cleaned up […] in ordinary markets through bankruptcy courts and the like, we don’t have that at the international level,” Mr. Clark said.  “Countries find that these things never get resolved.”


He added that one of the biggest changes in thinking over the last three months had centred on the idea that the IMF could participate in the creation of a new world currency.  This would be done through its system of Special Drawing Rights (SDRs), which are credits allocated by the lending body to its members.  However, it was uncertain whether sovereign nations were willing to allow the IMF such power.


He said discussions were also being held on how SDRs should be distributed ?? whether on the basis of population, economic weight, or level of financial contributions to the institution.  Today, most SDRs are allotted to the wealthiest nations.  The IMF must develop mechanisms for spending SDRs, explaining that African debtor nations could, in theory, use SDRs to pay off debts.


Login or register to post comments by buchesky
on Mon, 10/11/2010 – 20:10

So, the U.S. federal government in charge of our monetary system has been a disaster–let’s put the world government in charge of it–great idea!!

Login or register to post comments by doolittlegeorge
on Mon, 10/11/2010 – 19:21

i’m still pluggin’ Assfire…so to speak…to “get it on with Burnett.”  And another guest of course.(she’s okay with experimental things, too.)  Insofar as oil goes…don’t tell you’re shortin’ that!  And the idea that “you can’t print yourself out of crisis”…well, the name is dead giveaway oh “Naked One” since here in the USA it’s quite common to “drink one’s way through a mid-life crisis.”  I won’t even get into what girls do when they’re in one.  On the other….!

Login or register to post comments by 99er
on Mon, 10/11/2010 – 19:53


(Reuters) – All New York Stock Exchange and NYSE AMEX stocks have closed following an earlier problem that prevented closes in about 160 stocks, a NYSE spokesman said on Monday.

All stocks have closed and the issue is under review, said Ray Pellecchia, a spokesman for the NYSE.

Some of the stock symbols affected included New York-traded shares of London-based BP (BP.N) and China’s CNOOC (CEO.N), as well as shares of Ford (F.N) and Sprint Nextel (S.N), the NYSE said in an e-mail.


Login or register to post comments by reading
on Mon, 10/11/2010 – 20:32

They needed the extra time to eek out the +.17 on the S&P…when the bell rang here (and settled out) it was fractionally negative. After a few minutes and a closing “hiccup” things were back to “normal” with a green close (fractional yes)…

Login or register to post comments by Grand Supercycle
on Mon, 10/11/2010 – 23:27

S&P500 Financials index has not been bullish for some time. This is a warning.


Login or register to post comments by Pondmaster
on Tue, 10/12/2010 – 04:21

Not financials , its the Credit Derivatives index you wanna watch . Clear sailing so far .


Login or register to post comments Comment viewing options Flat list – collapsedFlat list – expandedThreaded list – collapsedThreaded list – expanded Date – newest firstDate – oldest first 10 comments per page30 comments per page50 comments per page70 comments per page90 comments per page150 comments per page200 comments per page250 comments per page300 comments per pageSelect your preferred way to display the comments and click “Save settings” to activate your changes. Search Search this site: Latest News From RAN Squawk 10-12 07:48: USD/CAD moves below 5DMA at 1.0134 to print fresh session low at 1.0129 10-12 07:47: Pimco’s Eli-Erian says FOMC likely to move forward with QE2 10-12 07:46: Apache (APA) completes acquisition of BP Canada assets 10-12 07:45: Market talk of UK clearer and German names selling EUR/CHF 10-12 07:38: Moody’s changes outlook on 14 Ukrainian banks to stable from negative 10-12 07:34: TNK-BP (BP/ LN) COO Schrader says Alergia has approved talks on asset there, and also there is no deadline on asset talks 10-12 07:29: Pfizer (PFE) to acquire King Pharmaceuticals for USD 3.6bln, or USD 14.25 per share 10-12 07:28: French workers at Petroplus (PPHN VX) Petit Couronne refinery vote to extend strike for further 24 hours to 1100GMT Wednesday according to CGT Union The Zero Hedge Team

Tyler Durden – Founder

Marla Singer – Foil

Travis – Author

Cornelius – Author

Sacrilege – Senior Researcher


tips [ at ] zerohedge [ dot ] com – Our Reader Tips Mailbox

Make sure to read our “How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]” Guide

ads [ at ] zerohedge [ dot ] com – Advertising Inquiries.

abuse [ at ] zerohedge [ dot ] com – Abuse / Infringement Issues


It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure.


Zero Hedge Offices:

United States:
888.qui.zero (888.784.9376)

+41 43 501 6717

+44 20 3318 4753

copyright ©2009, 2010 zero hedge – limited reproduction (with attribution) permitted by request

zero hedge’s redundancy powered by:

Powered by Ubercart, the free shopping cart software.

View the Original article


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s