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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (34708)	7/10/2012 7:54:22 AM
From: FCom777	2 Recommendations Read Replies (2) \| Respond to of 222439

GZ, haven't seen any posts on the latest PFG Best scandal and wanted to bring to you're attention since it sure has the potential to effect the markets in a dramatic way - in my opinion. Basically another MF Global scenario - though smaller - numbers I'm hearing are about 200 million in customer segregated accounts basically "vaporized". Hope that's not your broker ... and of course, looks like JP Morgan is on the receiving side. Needless to say that this incident has the potential to greatly affect market confidence in a very negative way. Though it looks like the Fed stepped in at about 5:30 AM this morning to counter market perceptions.... Very treacherous waters out there. Careful now ... REAL careful ...