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  • Is The Stock Market Cheap? [View article]
    To answer your question: NO. And no talk on QE effects makes this article inadequate.
    Mar 5, 2013. 11:52 AM | Likes Like |Link to Comment
  • The DJIA is up 0.6% in early trade to 14,211, surpassing the October 11, 2007 intraday all-time high of 14,198. The record closing high is 14,164. [View news story]
    And this is why people hate wallstreet, we have 7%+ unemployment and real unemployment of much higher and everyone is cheering for how high the DOW is.
    Mar 5, 2013. 11:50 AM | Likes Like |Link to Comment
  • A group of California students suggests equity offers the solution to high college tuition and the student debt issue. It suggests public universities - in lieu of charging tuition - take 5% of students' salary for the first 20 years after graduation. Isn't that called the state income tax?  [View news story]
    So basically what you are saying is never vote in a democrat because they just give all this money to universities?
    Apr 10, 2012. 01:55 PM | 1 Like Like |Link to Comment
  • A group of California students suggests equity offers the solution to high college tuition and the student debt issue. It suggests public universities - in lieu of charging tuition - take 5% of students' salary for the first 20 years after graduation. Isn't that called the state income tax?  [View news story]
    Colleges are run by professors who like to spend other people's money. Make cost control part of their salary package. I have a friend who's boss at a public uni. didn't want to cut a staff position that wasn't needed because then she'd lose the funding for her dept. Hire private CEOs with cost cutting experience and you'll fix the problem. Not these "presidents" with their doctorates.
    Apr 10, 2012. 01:53 PM | 1 Like Like |Link to Comment
  • A group of California students suggests equity offers the solution to high college tuition and the student debt issue. It suggests public universities - in lieu of charging tuition - take 5% of students' salary for the first 20 years after graduation. Isn't that called the state income tax?  [View news story]
    HAHAHAHA, so what is 20 years at 5% of $20,000 a year at McDonalds with your Anthropology or Psychology undergrad? Not enough to pay back costs, that's what it is!

    They'd never do this because they don't help students find jobs and colleges know they are just churning out unemployed, "overqualified" people.
    Apr 10, 2012. 01:50 PM | Likes Like |Link to Comment
  • European shares close sharply lower, with some of the loss being catchup for yesterday's day off, but the rest from continued sovereign debt concerns - the yield on Spain's 10-year +22 bps to 5.98%, a 4-month high. Stoxx 50 -3%, Germany -2.4%, France -3.1%, Italy -5.1%, Spain -2.9%, U.K. -2.2%. The euro -0.2% to $1.3080.  [View news story]
    Looks like people are starting to grasp the reality of Europe and it's effect on the US markets. We should've never had this market hitting multi-year highs when Europe was at the cusp of collapse.

    I guess being a few months late is still being wrong though.
    Apr 10, 2012. 01:32 PM | 1 Like Like |Link to Comment
  • Jon Corzine (MFGLQ.PK) ordered $200M in customer funds moved to JPMorgan to cover an overdraft, an email from MF Global's treasurer suggests - a seeming contradiction of Corzine's congressional testimony "I did not instruct anyone to lend customer funds to anyone."  [View news story]
    The only thing to do now is indict this crook.
    Mar 24, 2012. 01:28 AM | 1 Like Like |Link to Comment
  • On CNBC, Jon Corzine's spokesperson denies the story attached to the earlier memo about customer funds covering an overdraft at JPMorgan - saying Corzine wasn't told client funds were the ones being used to cover the shortage.  [View news story]
    Indict that crook. If he doesn't serve jail time we'll have yet another confirmation that politicians are crooked.
    Mar 24, 2012. 01:24 AM | 4 Likes Like |Link to Comment
  • IBM has laid off at least 1.79K workers in North America in 2012 including higher paid execs, according to watchdog group Alliance@IBM. The organization is calling for greater transparency from IBM over cuts in its job force and an accounting on how many jobs are exiting the U.S. [View news story]
    1.79K? Wouldn't it have been easier to say 1,790?
    Mar 20, 2012. 01:07 PM | Likes Like |Link to Comment
  • The "massive" recovery in single-family housing starts. (earlier)  [View news story]
    That's because Pisani is a idiot talking head who told us to buy buy buy in Sept. 2008.
    Mar 20, 2012. 12:28 PM | Likes Like |Link to Comment
  • The Federal Reserve reports 2011 earnings of $77.38B, less than 2010's $81.74B and well below expectations for $90B. The bank blamed a flattening yield curve for the disappointing result. Shares -3.5%. (ok, everything from "expectations" on is a joke) (PR)  [View news story]
    Haha, good stuff. I wonder if the Fed issuing trillions of new money will dilute it's EPS!
    Mar 20, 2012. 12:26 PM | 4 Likes Like |Link to Comment
  • 8 Reasons To Buy This $1.30 Lottery Ticket [View article]
    This. 350,000 shares of a $1 stock isn't much. Just enough for people like the author to quote as a bullish sign. Not any real value to be honest.

    I'd like to know the downsides, just listing all the positives makes me wonder why it's a $1 and change stock.
    Mar 12, 2012. 08:34 PM | 2 Likes Like |Link to Comment
  • The U.S. government ran a $231.7B budget deficit in February, the Treasury Department reports, up substantially from the $222.5B deficit in the same month last year. Receipts were $103.4B, and outlays were $335.1B. Fiscal YTD, the deficit is $580.8B, $60.4B less than at the same period last year.  [View news story]
    Obama let us down. He said we'd be gone from Iraq and Afghanistan by now. He can't help but give out billions if not trillions in free money to the lazy. He then bails out the auto industry (read unions, UAW) and dirty bankers. All he knows how to do is spend. If he's reelected we will be the next Italy, Spain, or even Greece.
    Mar 12, 2012. 08:18 PM | Likes Like |Link to Comment
  • Yahoo (YHOO) sues Facebook (FB) in federal court, alleging a number of FB's products infringe on its patents. "These technologies are the foundation of our business ... and represent the spirit of innovation upon which Yahoo is built ... We are confident that we will prevail."  [View news story]
    Who your business is falling apart, what do you do? Sue someone! RAMBUS and SCO would be proud.
    Mar 12, 2012. 08:15 PM | Likes Like |Link to Comment
  • The IMF plans to contribute €18B, or 14% of the €130B 2nd rescue package for Greece. This is less then the 27% contribution to the 1st bailout as the agency tries to balance between staying involved while limiting its exposure to a country almost surely needing either another rescue, default, or both. (The PR says €28B, but this includes €10B from the first rescue not yet disbursed).  [View news story]
    So even the IMF isn't wanting to get more exposure to Greece. That's a very bad sign. Does anyone really doubt Greece is going to default....again....in less than 3 years?
    Mar 10, 2012. 04:58 PM | 3 Likes Like |Link to Comment
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