AUTOREFRESH 
Jamie Dimon to Treasury whispers getting louder
By Jamie Coleman || November 23, 2009 at 19:57 GMT
|| 6 comments || Add comment
Geithner’s callout on Capitol Hill last week has spawned a whispering campaign promoting JP Morgan CEO Jamie Dimon as his eventual replacement. I wouldn’t touch the job with a 10-foot pole, if I were Dimon. Just ask Hank Paulson how much fun it was to serve his country…
Jamie, besides this wonderful site, is there any way to know, or perhaps research, what the large corporate flows are throughout the day? I’m thinking that a large part of what we see on the charts has nothing to do with fundamentals or technicals…it’s order flow. Your site gives valuable info. on that. Was just wondering if there were other ways to tell when these huge daily corporate flows are gonna hit and at what price. Or at least have clues to this.
To be honest Anthony, not really. The flows are mostly anecdotal in nature. If we are lucky we pick them up shortly after the fact, while they are still influencing price action. These days, hot-money flows from hedge funds and the like far surpass corporate flows, however…
There are certain calendar effects, like the tendency for Japanese firms to repatriate at fiscal year-end and half-year end…
I guess Whashington never will learn who brought this mess. So those who are responsible will get even a more responsibility job. I think Blankenfein was to busy doing ” Gods ” work. Well, at least not one frm Goldman Sachs.
Ok. Thank you for that. Yeah, the Japanese one makes sense….March 31st, isn’t it? Plus, there’s end-of-month flows……maybe even daily fixing times? These are large corporate flows, correct? In one of the books I read it says, “as a retail trader, you may not have direct access to this privileged info., yet the price action before the fixing times can also provide clues into dealers intentions.” And then he left it at that. Not sure what that means though I know just before and after fixing times price movement is quite volatile on certain days, but not sure how it tips off for future corporate flows.
Fixes (in Europe, US) are mainly dominated by asset managers (pension funds, mutual funds, etc…these days. They have a fiduciary responsibility to trade on a published rate. Corporates tend to shop competitively among several banks to get the best price (which is how we hear what they are up to, from time to time…Call two or three banks, and suddenly everyone in town knows about your deal…
Ok. Thanks Jamie!