Eisman, BarCap, RBS, Goldman

A different form of Activism - Eisman, the eccentric successful psycho for a "hero" from The Big Short is now paying a student loan for a poor student who went to a "for profit" universitiy (ie a pay &  play school, but for those who are a bit worse off ) and got no job, so he couldn't pay the rent. Eisman sees a massive short in the sector and pays off the loan to get more attention to those companies' disgusting business model. http://chronicle.com/article/Investor-Who-Criticizes/66083/

Risk Off Risk On - Sentiment study by BarCap where 70% of investors surveyed believe a continued fall in prices / riskoff in Q3. A reason as good as any to buy and believe that 1040 holds. "We recently conducted our regular quarterly survey of market sentiment across our global client base. This quarter’s survey is particularly interesting because it took place at a time of unusual investor uncertainty and increasing pessimism. The general mood of worried uncertainty is reflected in the responses to several questions: following the sell-off of risky assets in Q2 around 70% of clients think that Q3 will see either further short-term weakness or prices remaining close to current levels; only one is six think that we are close to the bottom. Similarly, over 80% of clients think that the EUR is likely to have a further, albeit gradual, decline or to be rangebound; only 4% expect a EUR rally. (It is also worth noting that fewer than 10% think the EUR is likely to collapse.) Unsurprisingly, given the prevailing environment, positions are relatively light: five times as many clients responded that they are running light positions than both large and at limit combined."

RBS, Get Ready for the Cliff Edge - http://pragcap.com/rbs-get-ready-for-the-cliff-edge

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