Commodity Trading & Trend Following

Go James…
Koutoulas says he’s extending an “open invitation” to the head of the country’s biggest bank to meet with him, and he wants Dimon to tell him face-to-face why JP Morgan should get paid before farmers and other individual futures customers who are out money.
From Forbes
MF Global Customers Target JP Morgan
James Koutoulas, the lawyer and [...]

Robert Lenzner, Forbes Staff just reported the shortfall is much greater.
The amounts of customer funds missing from MF Global have multiplied from $633 million to $1.2 billion yesterday– and now $1.7 billion today according to Vincent (Trace) Schmeltz III , the attorney for the 80 member Commodity Customers Coalition.
This new figure is the [...]

This is from Bob Lenzer from Forbes…
MF Global Used Customer Funds In The Losing $6.3 Billion Trade Without Informing Clients
+ Comment now
After an intense day of investigation, I have just discovered that a CFTC rule(1.29) allowed Jon Corzine’s MF Global to use the margin and cash in customers heretofore segregated accounts to amass [...]

There was an interesting article online of Forbes discussing Billionaire predictions that I glanced through this morning. My immediate thought was..Do these Billionaires know something that we don’t? They know better than us? What I expected was they had a variance of opinions as we all do…as well as they are optimistic.. Really they are [...]