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MonroeTrader

MonroeTrader
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  • Wells Fargo (WFC +1.3%) says its top four executive officers (including CEO John Stumpf) won't get cash bonuses, but will rather receive restricted shares that vest in three years, are tied to performance goals, must be held as long as the execs are with the bank and are forfeited if they leave the company.  [View news story]
    Why doesn't the board just stop the circus and outsource the management of the bank for a tenth of the cost with no bonuses or other perks ? They would probably do a much better job of it ! Let these bums go !
    Dec 31, 2009. 12:48 PM | Likes Like |Link to Comment
  • David Rosenberg predicts heightened volatility in 2010, as the VIX creeps back up to the 30-40 range. He says investors have become complacent in a hurry, as witnessed by the low cost of buying index puts, and thinks sovereign risk could be one of the big stories next year: "Whatever bad assets that have been resolved in this credit crisis have almost entirely been placed on the books of governments and central banks."  [View news story]
    Watch out. The boomerang returns !!
    Dec 11, 2009. 01:08 PM | 1 Like Like |Link to Comment
  • As expected, government paymaster Kenneth Feinberg sets a $500K salary limit for hundreds of middle executives at four companies in his purview (AIG, C, GM, GMAC) - with fewer than a dozen exceptions. (MW)  [View news story]
    Gee, I don't know if I could live off $9600/- a week .This is severe punishment. LOL !!
    Dec 11, 2009. 12:26 PM | 1 Like Like |Link to Comment
  • Vanity Fair's 8,000-word profile of the Vampire Squid: "One of the biggest disconnects on Wall Street today is between the way Goldman Sachs (GS) sees itself (they're the smartest) and the way everyone else sees Goldman (they're the smartest, greediest, and most dangerous)."  [View news story]
    Well, they are doing God's work after all !!
    Dec 2, 2009. 05:13 PM | 3 Likes Like |Link to Comment
  • A quarter of U.S. households don't have access to full banking services, while nine million of those households have no checking or savings at all, the FDIC says in a new report (.pdf). Those households - which depend on payday loans or other "problem" alternative services - face more loss and theft, and struggle for financial security, the agency says.  [View news story]
    What ? In the richest country the world has ever known ?
    Dec 2, 2009. 05:11 PM | 1 Like Like |Link to Comment
  • Fritz Henderson's daughter attacks new GM CEO on Facebook. NSFW.  [View news story]
    Chip of the old block ?
    Dec 2, 2009. 09:25 AM | 1 Like Like |Link to Comment
  • Across the nation, local governments have faced their share of fiscal problems, but a new crisis is swelling as Wall Street comes to collect on billions in fees in order to let governments out of the complex investments it sold them.  [View news story]
    These bankers should be burnt at the stake!!
    Nov 19, 2009. 05:00 PM | Likes Like |Link to Comment
  • Morgan Stanley (MS) and Mitsubishi UFJ Financial Group (MTU) changed their plans about merging their brokerage operations in Japan, originally announced in March. Current plans, which will delay the merger for two months, will create a two-company JV, one of which will be called Mitsubishi UFJ Morgan Stanley Securities, 60%-owned by MUFG, and will include Morgan Stanley's investment-banking business; the other will be controlled by Morgan and will include its equity and bond trading businesses.  [View news story]
    Morgan Stanley on its way to becoming way too big to fail !
    Nov 18, 2009. 08:30 AM | Likes Like |Link to Comment
  • Meanwhile, an unnamed IEA whistleblower says the agency - under pressure from the U.S. - is deliberately underplaying a looming shortage for fear of triggering panic buying. In 2005, IEA predicted supplies could rise to 120M b/d by 2030, but that fell to 105M last year (where it remains), and insiders believe maintaining production of even 90-95M b/d "would be impossible." Dec. crude +0.7% at $80.  [View news story]
    Have they taken into account all the new oil discoveries by Brazil, I wonder?
    Nov 10, 2009. 11:59 AM | Likes Like |Link to Comment
  • Pfizer (PFE +2.4%) will close down six of 20 research sites to streamline operations after taking over Wyeth last month, and confirms the moves will result in further job cuts.  [View news story]
    Moving these jobs overseas perhaps?
    Nov 9, 2009. 12:47 PM | Likes Like |Link to Comment
  • Fannie Mae (FNM) plans to tap emergency funds for a fourth time this year, bringing its draws of taxpayer money to $60B. According to an SEC filing late yesterday, Fannie will seek $15B in Treasury financing after posting an $18.9B Q3 net loss. Analysts say the GSE will likely tap its entire $200B lifeline, and may still need more.  [View news story]
    No problem, we'll just work the presses overtime. The analysts don't care and neither does the market. So why bother. It's all a facade. It seems like the market is being played by a bunch of kindergarten kids who think its all a big game without any consequences.
    Nov 6, 2009. 10:08 AM | 1 Like Like |Link to Comment
  • Details of the 14 people implicated in the Galleon insider-trading probe, so far.  [View news story]
    What an eclectic bunch!!
    Nov 5, 2009. 02:10 PM | 1 Like Like |Link to Comment
  • Nouriel Roubini says Jim Rogers' forecast of $2,000 gold is "utter nonsense." Speaking at the Inside Commodities conference, Roubini repeated that asset prices have gone up "too much, too soon, too fast," and said oil hasn't gone from $30 to $80 just on supply and demand. Predictably, Rogers doesn't agree: "It’s clear Mr. Roubini hasn’t done his homework, yet again." (previously)  [View news story]
    Where did you get that data from Jeff ? Since when does anyone trust anything coming from the Chinese government?
    Nov 4, 2009. 12:19 PM | 2 Likes Like |Link to Comment
  • Cognizant Technology Solutions (CTSH): Q3 EPS of $0.45 beats by $0.04. Revenue of $853M (+16.2%) vs. $806M. Sees Q4 EPS of $0.45 vs. $0.42 and revenue of at least $880M vs. $830M. Shares +6.9% premarket. (PR)  [View news story]
    Looks like the outsourcing business is booming in the midst of this recession.
    Nov 3, 2009. 08:47 AM | 1 Like Like |Link to Comment
  • Cramer's Lightning Round - The Best-Run Bank in America (10/30/09) [View article]
    I guess he has a bullish call on CLNE and a bearish call on WMB. He's probably not extrapolating on them since he does'nt want to push his luck anymore.
    Nov 2, 2009. 05:30 PM | Likes Like |Link to Comment
COMMENTS STATS
41 Comments
33 Likes