Month: December 2009
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Now That Is Bearish
The Standard & Poor’s 500 Index will collapse below its March lows as an expected rebound in economic growth fails to materialize, according to hedge fund manager Eric Sprott. Unfortunately he is a gold bug.Entire Article from Bloomberg
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Election Money 2010
Article from OpenSecrets.org
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A View of High Frequency Trading
Trading Shares in Milliseconds Today’s stock market has become a world of automated transactions executed at lightning speed. This high-frequency trading could make the financial system more efficient, but it could also turn small mistakes into catastrophes. By Bryant UrstadtEntire Article
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Bull Run Over ?
The bull run from Nov 21 2008 to Nov 17 2009looked like this for six stocks;AAPL 79.14L H207.44 +162%BAC 10.01L H15.82 +58%GOOG 247.3L H577.5 +133%GS 47.41L H178.25 +275%IBM 69.5L H128.65 +85%MSFT 17.95L H30 +67% The chart from Qriskvalue.com measuresgeneral oscillating value of market strength.
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Stuck
4 Big Mortgage Backers Swim in Ocean of Debt By MARY WILLIAMS WALSH Published: December 16, 2009 Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial world remain on government life support.Entire NewYorkTimes Article
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Paying The Top
Goldman’s announcement of vesting its top 30 executives with ‘at risk’ stock is done in hopes of deflecting some criticism leveled at the firm over its compensation policies. The thought of the firm’s top boys taking a risk on their own stock is probably making them all nauseous. How will they survive without an immediate…
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Geithner / Dollar / Housing
Geithner apparently is upset at the ‘bonus unleashed’ attitude of Wall Street executives who not so long ago prayed for cash and forgiveness. Of course the Treasury Secretary ‘doth protest too much’ since he basically gave the keys to Goldman and JPMorgan when he made them good at 100 cents on the dollar in many…