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alexbrooklyn

alexbrooklyn
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  • Among giant U.S. IPOs of the last 10 years, Facebook (FB), which is now down 16% from its $38 offering price, has posted the worst performance, according to Bloomberg's data. Of course, many pre-IPO investors are also underwater: a SecondMarket chart shows Facebook reached current levels in Feb. '11, and largely remained above them until this week. Options trading begins on Tuesday, and could bring additional volatility.  [View news story]
    @$34 FB sells at x46 times 2013 projected earnings.
    Google currently exchanges @ x12 times and Apple @ x10.8 times.
    I won't touch FB until it hits $8 or $9.
    May 26 06:09 PM | 3 Likes Like |Link to Comment
  • Bolivian President Evo Morales announces the nationalization of Spain's Red Electrica (RDEIF.PK), and orders the military to guard the company's installations. The energy giant is 20%-owned by the Spanish state, with foreign pension funds also big holders. This follows the seizure of Repsol's Argentinian subsidiary YPF last month.  [View news story]
    That's rather nice! Spain should deploy its military and get it back or it will slowly but surely lose everything!
    May 1 02:18 PM | 1 Like Like |Link to Comment
  • "A page in the financial crisis is turning," says French President Sarkozy of the Greek deal. "Today the problem is solved." Politicians will be politicians, but markets have a way of making people wish they had kept their mouths shut.  [View news story]
    Sweet talk from Sarko b4 the elections! None of that crap is to be believed!
    Mar 9 10:35 AM | Likes Like |Link to Comment
  • Spanish unemployment hit the "astronomical" level of 5.4M at 2011's end, says PM Rajoy. With the official figures not yet out, a bit of math suggests the unemployment rate jumped from 21.5% to about 23.2% - an astounding move in just 3 months. One wonders what's ahead as the government is set to unleash a new wave of austerity measures.  [View news story]
    I'd like to add that Spain is also caught in the Mileuristas culture . That means that way too many workers earn 1000Euros/month.
    According to mileuristas.com , 60% of the working population or 10.4M people earn 1000Euros/month or less. Good luck with that!
    http://bit.ly/AnKkvN
    Very few in Spain can contribute to absorb the inventory of Housing so banks will soon become nationalized and Spain will need a bailout from the EU! So far , Spanish banks have been able to buy some time because they hold profitable investment in Latin America but how much longer can they keep a "Healthy face " ?
    Jan 16 10:50 AM | 1 Like Like |Link to Comment
  • Spanish unemployment hit the "astronomical" level of 5.4M at 2011's end, says PM Rajoy. With the official figures not yet out, a bit of math suggests the unemployment rate jumped from 21.5% to about 23.2% - an astounding move in just 3 months. One wonders what's ahead as the government is set to unleash a new wave of austerity measures.  [View news story]
    You're the 1st to provide an intelligent and accurate comment so far.
    The Housing bubble in Spain was the new El dorado. A lot of Spaniards quit their job & studies to work in construction at the time and when the whole thing bust, everyone took a hit. Mind you all these people were making good money while it lasted. The motivation for the guys was: why should i stay in college 4 years to get a 1500Euro/month job when i can start working now and make 2000Euro/month? If you go visit any college in Spain, you'll notice than most of the students are women, guys usually go straight onto the labor market, mostly construction and service industry. However, one problem i see anchored in the mentality is that employers don't want to put you on the book. A lot of people are working off the book and don't pay taxes. That explains why what you see in the street doesn't reflect the unemployment #'s. I visited Spain last Summer, and all bars and restaurants were full. And they were full with locals, not tourists. Spain didn't look at all like a country in crisis! In a lot of household, the women provide for the family with her regular income and the man gets some freelance work once in a while when he's lucky to find something.
    Jan 15 01:51 PM | 4 Likes Like |Link to Comment
  • 2012: Expect Gold To Take Off As We Approach Phase 3 Of The Bull Market [View article]
    For Americans to consider buying Gold, you have to assume they have money to buy it! With close to 50% of American being considered poor, you can eliminate about half of the population from your equation.
    Dec 19 08:46 PM | 7 Likes Like |Link to Comment
  • Young troops leaving Iraq can expect to face a tough time finding work should they return to civilian life: the jobless rate for those aged 20-24 averages 30%, over double that of their peers. Reservists also find it difficult, and the situation could worsen, with 1M vets predicted join the work force over the next 5 years.  [View news story]
    What happens to veterans when they come back from war? Do they get a pension? Just curious...
    Dec 18 10:03 AM | Likes Like |Link to Comment
  • "I am absolutely clear that it is possible to be a both full, committed, and influential member of the EU, but to stay out of arrangements where they do not protect our interest," says U.K. PM Cameron in front of a raucous (even by its standards) House of Commons. A "diplomatic disaster," shoots back opposition leader Ed Miliband.  [View news story]
    PM Cameron is acting in the best interest of the banks!
    Dec 12 01:17 PM | Likes Like |Link to Comment
  • "(Merkozy) have more or less bulldozed Britain out of the EU for the sake of a treaty that offers absolutely no solution to the crisis at hand," writes Ambrose Evans-Pritchard. "The system will lurch from crisis to crisis until it blows up in acrimony ... As for Britain, let us seize the moment of liberation, and enjoy it."  [View news story]
    Refusing to sign the pact because you're opposed to the likely possibility that the EU will impose a tax on stock trades without looking at the bigger picture of what's going on in Europe right now is downright stupid and selfish!
    Dec 11 10:46 AM | Likes Like |Link to Comment
  • Not $1.5T... not $7.7T... The cumulative total the Fed has lent, spent and guaranteed in response to the financial crisis, according to a Levy Institute study: $29.6T. Barry Ritholtz comments: "A well capitalized, moderately leverage system does not require this massive liquidity from a central bank... the financial sector remains dangerously under-capitalized and over-leveraged."  [View news story]
    Last time i've heard such a big amount of $ it was Zimbabwe $!
    Dec 10 09:46 PM | Likes Like |Link to Comment
  • "(Merkozy) have more or less bulldozed Britain out of the EU for the sake of a treaty that offers absolutely no solution to the crisis at hand," writes Ambrose Evans-Pritchard. "The system will lurch from crisis to crisis until it blows up in acrimony ... As for Britain, let us seize the moment of liberation, and enjoy it."  [View news story]
    UK want out? Ok, but the appropriate retaliation would be to tax the shit out of their product exported to Europe!
    Dec 9 01:39 PM | Likes Like |Link to Comment
  • NAR Home Sales Report: Buyers Returning? [View article]
    NAR reports can't be trusted. They inflate #'s.
    Core logic 's reports are the ones to trust.
    Dec 7 10:03 AM | Likes Like |Link to Comment
  • Goldman, Barclays See A Bottom For Housing [View article]
    Contradictory w/ The Goldman Sacks reports below:

    Goldman Sachs Has Some Bad News For New York Homeowners

    http://read.bi/tJGmKh
    Dec 7 10:00 AM | Likes Like |Link to Comment
  • An ex-FBI official sheds some light in an interview with the WSJ on the commonly asked question of why there haven't been more arrests stemming from the financial crisis. David Cardona says the strategic decision to pursue civil enforcement actions - instead of criminal prosecutions - is tied to the difficulty in proving criminal intent. Weighing heavy on the Feds during the process was the egg-in-the-face acquittal of two Bear Stearns execs in 2009 which triggered "a lot of rethinking on how we do things," according to Cardona. [View news story]
    The reason they don't want to dig deeper is that they would find that the SEC AND some members of congress were complicit !
    Dec 6 09:32 AM | 1 Like Like |Link to Comment
  • S&P went on a downgrade spree of banks yesterday, but no matter, they're surging premarket following the international central bank move to boost liquidity. BAC +7.1%, C +6.5%, JPM +5.9%, WFC +3.5%, GS +5%, USB +3.5%. DB +9%, HBC +5.2%, BCS +10.3%, LYG +10.6%, STD +6.4%. STOXX Europe 600 Banks Index +4%.  [View news story]
    I resisted from all the fear that has been spreaded all over the financial news, resisted Cramer's call to sell the banks, resisted the Fast money guys call to sell the banks, but I broke last evening After Hours after i heard about the Bank downdrade and sold the bank stocks i owned! Then this morning, all bank stocks shot up 8%! You gotta be fvcking kidd(ll)ing me! This is a conspiracy and i take this attack on small investors very personally!
    Nov 30 09:24 AM | 1 Like Like |Link to Comment
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