Saturday, November 5, 2011
Let's assume you are super busy and barely have time for anything that is not on your to do list. And in that climate you certainly don't have time to follow lead stories about financial institutions. Sure, totally get it. I feel the same.
Well, with that in mind, let me just give you a couple highlights from Reuters about MF Global and what happened to them this week:
Jon Corzine resignation follows Monday bankruptcy filing
* Corzine hires prominent white-collar defense lawyer
* Conflicting reports about missing customer funds
* JPMorgan says doesn't know if it holds missing money
Any of that look good for the people with investments in this fund?
Nope. And no one can seem to find 600 million which appears to be misplaced.
As indicated this Scorpio Lunar cycle would have a lot of emphasis on money and in particular co-mingled funds. I gotta say, Jupiter's opposition on the cycle does bring out truth, big truth, maybe they'll find the funds but still it all a mess.
And just for your score cards, Jon Corzine the former governor of NJ and the head of MF Global is a Capricorn with Moon in Aries. Pluto is beginning the slow build towards his sun which means he'll be in the weeds for awhile.