Strategic Economic Decissions: Horace Brock

in the context of record oil prices: "Woody" Brock's GOOD LISTENS and GOOD READS are a must, especially "An arbitrage bet on commodities". And "The truth about energy prices and volatility" from September 2005!!!. He knewwww it years ago...

commodities gone wild
all grains (corn, wheat, oats, soybean meal, soybean oil, soybeans) limit up today, energy (crude oil, heating oil, RBOB up 5%), sugar up 8%

Prechter sounds the alarm

Elliott Wave's Prechter sounds the alarm (marketwatch.com)

Watching Refco falling apart & Hedge Fund Maze

How a 4 billion $ company feel apart in one week

Refco having its ups and downs

A guide to the Hedge Fund Maze from Businessweek

Refco's painful lesson for investors

Hedge Funds get tangled with bad business cycle

The Refco Scandal and Customer Funds

In the light of the recent events customers having accounts with Refco will remove substantial funds from the broker. This is what the National Futures Association says about segregation of customer funds from that of the firm.

More Refco news from Hedgeworld

When Stock Market Models Crash

cxoadvisory.com published a resarch study about Didier Sornette, Professor of Geophysics at UCLA, who forcasts a stock market crash since 2002, and who was serially wrong. (the picture above shows his latest prediction)

Graham Stock Screen

39 stocks meet the criteria annual EPS Growth Rate >= 30 and P/E ratio <=10 at moneycentral.msn.com with STC leading the pack.

Annual EPS Growth Rate >= 30	P/E Ratio: Current <= 10

DJ Utility Index testing support

The DJ Utility Index made an all time high two weaks ago as it jumped over its highs back in December 2000. It is now testing its first support in the 390 /420 area.

EMini Biotech Futures start trading 9/26/05

The CME announced the start of the EMini Biotechnology Stock Index Futures effective 9/26/05. Traded on Globex, contract size is 50x the Nasdaq Biotechnology Index, which is a modified capitalization weighted index comprised of stocks that are classified as either pharmazeutical or biotechnology. Commodity code is BQ, Ticker Symbol BIO (Futures), BQX (undlying index)

Fed ups Fed Fund Rate to 3.75%

Stocks fell sharply after the Fed raised interest rates a quarter point to 3.75%--the 11th rise in 15 months.
(Tradingmarkets.com)

Hedge Fund News from HedgeWorld

Hedge Fund Strategies without Performance Fees

NEW YORK (HedgeWorld.com)—The mutual fund company Rydex Investments has launched two new retail vehicles that promise to replicate the performance of certain hedge fund strategies but at lower cost to the investor.

TraderSource Starts FX Fund of Funds

NEW YORK (HedgeWorld.com)—The Harbourside Multi-Manager FX Fund (SICAV) plc from TraderSource Inc. will invest with foreign exchange managers in Europe and the United States.

RMF Creates ‘Three Pearls' Portfolio for German Institution

PFÄFFIKON, Switzerland (HedgeWorld.com)—RMF, an investment manager of Man Investments, announced Monday that it has placed a 150 million euro customized hedge fund portfolio with an unnamed German institutional client.

Election in Germany - DAX and EURO drop

German stock market, euro fall after election leaves deadlock between Angela Merkel's CDU and Gerhard Schroeder's SPD.

Intergraph in strong uptrend

INGR is moving up strongly since June and shows now signes of weakness.

Hedgeworld News

ISDA Protocol Aims to Ease Derivatives Trades Transfer
(Hedgeworld)

NFA Suspends CPO Manager: Adamant Vacationer
(Hedgeworld)

Short Sellers, Emerging Markets Funds, Lead CSFB/Tremont Index in August
(Hedgeworld)

Alternative Fuel Stocks

With WTI trading around USD 70 Optionetics.com presents some alternative fuel stocks.

Possible collapse of the Bayou Group

Hundreds of millions of dollars may be missing in Bayou. Connecticut investigates the Hedge Fund for Solvency (WSJ)

Daily Treasury Yield Curve Rates

not yet inverted...
August 2005
Date____1 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr
08/01/05 3.30 3.48 3.73 3.83 4.04 4.09 4.16 4.22 4.32 4.59
08/02/05 3.35 3.49 3.73 3.84 4.06 4.10 4.17 4.24 4.34 4.62
08/03/05 3.34 3.46 3.72 3.82 4.02 4.07 4.13 4.20 4.30 4.58
08/04/05 3.34 3.47 3.72 3.83 4.04 4.09 4.15 4.22 4.32 4.60
08/05/05 3.35 3.52 3.75 3.87 4.11 4.16 4.24 4.30 4.40 4.66
08/08/05 3.38 3.54 3.82 3.93 4.16 4.22 4.28 4.34 4.42 4.68
08/09/05 3.37 3.52 3.79 3.90 4.13 4.19 4.25 4.31 4.41 4.66
08/10/05 3.38 3.51 3.78 3.90 4.13 4.18 4.24 4.30 4.40 4.65
08/11/05 3.31 3.51 3.78 3.89 4.10 4.14 4.18 4.24 4.32 4.60
08/12/05 3.32 3.52 3.79 3.88 4.05 4.08 4.11 4.16 4.24 4.52
08/15/05 3.28 3.54 3.82 3.91 4.08 4.11 4.15 4.20 4.27 4.53
08/16/05 3.32 3.54 3.80 3.88 4.03 4.06 4.10 4.15 4.23 4.49
08/17/05 3.31 3.52 3.80 3.89 4.07 4.10 4.15 4.20 4.28 4.53
08/18/05 3.30 3.50 3.78 3.86 4.01 4.04 4.08 4.13 4.21 4.48
www.ustreas.gov

Record 6527 registered Funds in Cayman Island

(HedgeWorld.com)—A record number of new hedge funds were created in the Cayman Islands during the first six months of 2005, according to a report by the Cayman Islands Monetary Authority, which registers more than 80% of the world's hedge funds. see story

Second Lyxor Fund in Germany

Lyxor opens a second fund of hedge funds in Germany that is focused on long/short equity.
Hedgeworld.com