[TA DAILY] Shakedown

A week or so ago, I wrote about how the Greek deal was essentially the Greeks selling their   VIEW ONLINE         UPCOMING EVENTS     Larry's Morning Commentary Shakedown     A week or so ago, I wrote about how the Greek deal was essentially the Greeks selling their company to the Eurozone, but in particular, Germany. Behold! It has begun! From our favorite Greek blog "Keep Talking Greece": "A German company, airport operator FRAPORT won the bid to operate and maintain 14 regional airports, considered to be top of the top in Greece. With an offer of 1.23 billion euro, the consortium of Fraport-Slentel (a unit of Greek energy group Copelouzos) won the bid to lease the regional airports for 40+10 years. Among the 14 regional airports are those on most popular tourist Greek islands like Mykonos, Rhodes, Kos, Santorini and Corfu. It is the first privatization deal under SYRIZA-ANEL coalition government and the biggest privatization deal in Greece since beginning of the crisis and the bailout programs in 2010." Here's the deal: Total €1.23 billion for the whole period of lease Annual rent of €22.9 million per year  25% of the before tax, interest, revenues amortization and fees for Civil Aviation Authority Pledge to invest €330 million to upgrade the airports in the first four years and a total of €1.4 billion for the next four decades. What is even more interesting is who is a shareholder in Fraport: State of Hesse 31.35 % Stadtwerke Frankfurt am Main Holding GmbH 20.02 % Deutsche Lufthansa AG 8.45 % RARE Infrastructure Limited 4.87 % (10/03/2015) Unknown 35.31 %   Ok, Lufhansa owns 8.45% of Fraport. That's a bit shady but it makes total sense. What is interesting to me is the last entry. More than 1/3 of the consortium is owned by UNKNOWN! Here is where I say you can insert your conspiracy theory right here. Also, 330 million Euros over the first four years? Thast is 82,500,500 Euro per year which is 5,892,857.14 Euro per airport each year. Sure the airports will see some upgrades and there will probably be some jobs created, but this has all the makings of a shakedown.   Trade well and follow the trend, not the perma-bull OR perma-bear "experts." Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banking mafia. Read Past Issues of Larry's Morning Commentary       After a negative start to the session, the buying quickly kicked in off the lows. From the lows of the session, we managed to make a run straight to the highs. With over a 200 point swing off the lows in the DJI, buyers held onto gains for the entire session. Essentially, the market made highs and went...   Read More       TECHNICAL DATA ES 2098.75 / 2078.75 POC 2097.25 YM 17,505 / 17,345 NQ 4561.25 / 4513.25     USO has been squarely on our radar over the past few weeks. USO is the ETF that tracks the movement of the Crude Oil future traded at the NYMEX in New York City. We generated a signal to take advantage of the continuing bearish trend we identified last week. Nothing has changed in our opinion on a technical...   Read More     Watch how our instructors call out live signals, answer questions, provide detailed commentary and compare notes with fellow students. Our live classrooms offer training on all markets - where you can watch the exact techniques our top instructors use with simple, yet complete explanations of every move they make in real time. 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