REE/Strategic Minerals Concentrator January 11, 2011 [View instapost]
Wow.
The most glaring sentence in that, to me, was... "the FOMC collectively decided in November to temporarily undertake a program to purchase U.S. Treasuries that, when added to previous policy initiatives, roughly means we are purchasing the equivalent of all newly issued Treasury debt through June."
All of it. All. That's terrifying. The question is, again, for the hundredth time, what happens when that stops? And the corrollary to that, CAN they stop?
Goldman Sachs (GS) will only allow non-U.S. investors to take a stake in Facebook, saying it "concluded the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law." Whoops.[View news story]
And it makes you wonder how many of the "non-US investors" are friends of GS...
Goldman Sachs (GS) will only allow non-U.S. investors to take a stake in Facebook, saying it "concluded the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law." Whoops.[View news story]
As online radio service Pandora weighs an IPO, Sirius XM (SIRI +3.2%) is faced with a stronger competitor, Spencer Osborne says. Pandora does not yet offer live content, but that barrier that can be remedied with the plentiful capital raised from an IPO. But Osborne believes Sirius boasts substantial presence, great cash flow and the resources needed to fend off Pandora. [View news story]
Customizable playlists for one. Can't do that without an iWhatever at the moment.
Policymakers across Asia seem in near panic over spiraling food inflation, but is it really so troublesome? High food prices reflect greater affluence, encourage investments in crop productivity, and transfer wealth from the cities to rural areas. Think NYC to Hoopeston, IL. Can that be so bad? [View news story]
"High food prices reflect greater affluence"
A gradual increase in food prices maybe. But spiraling inflation? If inflation is outstripping wage increases, affluence isn't the word I'd use.
Rapper 50 Cent pumped a penny stock to his Twitter followers over the weekend, and the shares exploded higher. Jesse Eisinger asks: “Is what 50 Cent did really that different from what happens all day long on CNBC when professional money managers take to the airwaves to praise the stocks of companies they already own?” [View news story]
What?? He did nothing to make the company profitable. All he did was pump the stock. That does nothing to the products or services the company offers, nor does it magically confer success on them.
Rapper 50 Cent pumped a penny stock to his Twitter followers over the weekend, and the shares exploded higher. Jesse Eisinger asks: “Is what 50 Cent did really that different from what happens all day long on CNBC when professional money managers take to the airwaves to praise the stocks of companies they already own?” [View news story]
Rapper 50 Cent pumped a penny stock to his Twitter followers over the weekend, and the shares exploded higher. Jesse Eisinger asks: “Is what 50 Cent did really that different from what happens all day long on CNBC when professional money managers take to the airwaves to praise the stocks of companies they already own?” [View news story]
Teresa, the license doesn't prevent anyone from losing money, but it does give you the lawful ability to recommend a stock without fear of being personally prosecuted for a loss, provided you aren't involved in fraud in doing so, and also providing you've done your due diligence on the investor. In order to receive the license, you're required to understand how securities work. Does that make someone a stock market guru? No. But those are the rules. Mr. Cent didn't do any due diligence on his subscribers' investment needs nor did he determine their risk tolerance. He didn't provide them with the proper disclaimer forms that warn investors of the possible risk to principal. So he's in the wrong, at least according to securities law.
Whether the SEC chooses to prosecute is irrelevant.
Now, is it right that the SEC is subjective in who they decide to go after? That's a whole different conversation.
Rapper 50 Cent pumped a penny stock to his Twitter followers over the weekend, and the shares exploded higher. Jesse Eisinger asks: “Is what 50 Cent did really that different from what happens all day long on CNBC when professional money managers take to the airwaves to praise the stocks of companies they already own?” [View news story]
Yeah, it seems like he opening himself up to some litigation because he's not licensed to make stock recommendations. The people that get in late on the penny-ponzi could lose out big when the early buyers bail out with their profit.
Richmond Fed's Jeffrey Lacker tells the SEC it's time to abandon the $1/share peg for money market funds since their risky behavior is being "subsidized" by expectations of Fed intervention. A floating NAV is the "only certain solution" in the wake of a crisis that saw one of the oldest funds breaking the buck. [View news story]
Thanks for getting my conspiracy theory generator cranked up...
What better way to add to the balance sheet of the TBTFs!
Is it just us, or are the Fed's bond buys getting bigger - and of more recent issues? The Fed buys $7.79B in Treasurys of $19.501B offered by dealers in today's POMO. The purchased bonds mature between 2018 and 2020. [View news story]
Yep, and considering the new reports showing that the Banks are bailing out of Ts, the Fed is the last option.
REE/Strategic Minerals Concentrator January 11, 2011 [View instapost]
The most glaring sentence in that, to me, was... "the FOMC collectively decided in November to temporarily undertake a program to purchase U.S. Treasuries that, when added to previous policy initiatives, roughly means we are purchasing the equivalent of all newly issued Treasury debt through June."
All of it. All. That's terrifying. The question is, again, for the hundredth time, what happens when that stops? And the corrollary to that, CAN they stop?
Goldman Sachs (GS) will only allow non-U.S. investors to take a stake in Facebook, saying it "concluded the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law." Whoops. [View news story]
Goldman Sachs (GS) will only allow non-U.S. investors to take a stake in Facebook, saying it "concluded the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law." Whoops. [View news story]
As online radio service Pandora weighs an IPO, Sirius XM (SIRI +3.2%) is faced with a stronger competitor, Spencer Osborne says. Pandora does not yet offer live content, but that barrier that can be remedied with the plentiful capital raised from an IPO. But Osborne believes Sirius boasts substantial presence, great cash flow and the resources needed to fend off Pandora. [View news story]
Quick Chat Number 138. Beginning 01/13/2011 After Market [View instapost]
Quick Chat Number 138. Beginning 01/13/2011 After Market [View instapost]
Policymakers across Asia seem in near panic over spiraling food inflation, but is it really so troublesome? High food prices reflect greater affluence, encourage investments in crop productivity, and transfer wealth from the cities to rural areas. Think NYC to Hoopeston, IL. Can that be so bad? [View news story]
A gradual increase in food prices maybe. But spiraling inflation? If inflation is outstripping wage increases, affluence isn't the word I'd use.
Rapper 50 Cent pumped a penny stock to his Twitter followers over the weekend, and the shares exploded higher. Jesse Eisinger asks: “Is what 50 Cent did really that different from what happens all day long on CNBC when professional money managers take to the airwaves to praise the stocks of companies they already own?” [View news story]
Rapper 50 Cent pumped a penny stock to his Twitter followers over the weekend, and the shares exploded higher. Jesse Eisinger asks: “Is what 50 Cent did really that different from what happens all day long on CNBC when professional money managers take to the airwaves to praise the stocks of companies they already own?” [View news story]
Rapper 50 Cent pumped a penny stock to his Twitter followers over the weekend, and the shares exploded higher. Jesse Eisinger asks: “Is what 50 Cent did really that different from what happens all day long on CNBC when professional money managers take to the airwaves to praise the stocks of companies they already own?” [View news story]
Whether the SEC chooses to prosecute is irrelevant.
Now, is it right that the SEC is subjective in who they decide to go after? That's a whole different conversation.
Rapper 50 Cent pumped a penny stock to his Twitter followers over the weekend, and the shares exploded higher. Jesse Eisinger asks: “Is what 50 Cent did really that different from what happens all day long on CNBC when professional money managers take to the airwaves to praise the stocks of companies they already own?” [View news story]
Quick Chat Number 137. Beginning 01/12/2011 Pre-market [View instapost]
Offerings range between $1.5 and $9billion.
But remember, we're not monetizing the debt.
Richmond Fed's Jeffrey Lacker tells the SEC it's time to abandon the $1/share peg for money market funds since their risky behavior is being "subsidized" by expectations of Fed intervention. A floating NAV is the "only certain solution" in the wake of a crisis that saw one of the oldest funds breaking the buck. [View news story]
What better way to add to the balance sheet of the TBTFs!
Is it just us, or are the Fed's bond buys getting bigger - and of more recent issues? The Fed buys $7.79B in Treasurys of $19.501B offered by dealers in today's POMO. The purchased bonds mature between 2018 and 2020. [View news story]
Humor for the Coming Week [View instapost]