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  • BofA analysts see long-term value in Citigroup (C +2.8%), upgrading the shares and noting that "stock weakness post May 6th reverse split has provided an attractive entry point." A caveat: Citi won’t reach new Basel capital requirements until 2013, and returns will be "limited" until the 9.5% target is passed.  [View news story]
    After one of their employees made of with $19 million and they didn't even catch for 2 years they represent long term value........ I doubt it...
    Jun 29, 2011. 02:16 PM | Likes Like |Link to Comment
  • The International Criminal Court at The Hague issues an arrest warrant for Libya's Gaddafi.  [View news story]
    What a charade.......are we still funding this train wreck?
    Jun 27, 2011. 08:35 AM | 1 Like Like |Link to Comment
  • Birinyi's Jeff Rubin sees the S&P 500 eventually topping 2,100 at the peak of the current bull market, “but that's not this year, that's not next year. When we look at stock markets that go on for a long period of time, that start off quickly - 1974, 1982, 2009 - those markets are not ones that end quickly."  [View news story]
    He has a rather long telescope.......it means nothing.......Shut up and deal the cards..... either your a player or your in the wrong line of work.
    Jun 15, 2011. 10:31 AM | Likes Like |Link to Comment
  • The SEC yesterday warned about investing in companies that gain listings via reverse mergers, saying they could be prone to 'fraud and other abuses.' Trading has been halted in more than a dozen such firms in recent months due to missing financial information.
     [View news story]
    This scam has been going on for years......nothing new just new players and more idiots not doing due diligence.........and I almost forgot the lack of SEC over-site.
    Jun 10, 2011. 08:58 AM | Likes Like |Link to Comment
  • The U.S. has already defaulted on its debt, Dagong Global - the only Chinese agency to give sovereign ratings - says. By allowing the dollar to weaken against other currencies, the U.S. is eroding the wealth of its creditors, including China, firm says - a day after Beijing urged Washington to shape up.  [View news story]
    DAgong... I have got news for you they like all GOv't have been doing this for centuries.....results are always the same.
    Jun 10, 2011. 08:53 AM | 3 Likes Like |Link to Comment
  • Groupon files for a $750M IPO to be led by Morgan Stanley, Goldman Sachs and Credit Suisse. The company posted revenue of $644M in 2011 Q1, up from $44M the previous year. The Q1 loss was $147M. Ticker symbol to be GRPN.  [View news story]
    tomorrows frauds brought to you today by the same cast of characters......let them keep ringing the cash register......greed is running fast but Fear will soon catch it... Call your broker I know they have got some to put in your account on opening......Not
    Jun 2, 2011. 04:43 PM | Likes Like |Link to Comment
  • JPMorgan Chase (JPM) emerges as one of the biggest beneficiaries of the commodities boom sweeping Wall Street, earning more for the bank during Q1 than through all of last year. Increased volatility and higher prices of oil and other raw materials are boosting profits, as 10 large banks enjoyed a reported 55% increase in their commodities revenues.  [View news story]
    Question who are they trading for,, this appears to be proprietary trading in my book......Those desks were shut down.....I would have assumed there would be no commodity trading.......They shouldn't even be there.... Where is VOLKER..... Wait until these bastards get caught in an inverse market situation..........but I forgot they are trading for the FED............what a world we live in today.........the jails will be full the next crisis.
    Jun 2, 2011. 04:35 PM | 1 Like Like |Link to Comment
  • Volcker at work once again: Citigroup (C) has reportedly shut down Quantitative Strategies, a $400M prop trading fund that relied on mathematical models, after announcing last month that fund manager Shakil Ahmed would begin working on electronic market-making for Citi instead.  [View news story]
    Nothing has changed......they will have their hands full making a market in CITI.........If the true position of the bank were really announced. Remember the business plan has not changed......animal kingdom..ie the wolf or shark ... eat the weakest. It is musical chairs and there is going to be no place to sit........shortly.
    Jun 2, 2011. 07:48 AM | 1 Like Like |Link to Comment
  • Thirty U.S. agencies are seeking to eliminate or change regulations in an effort to save companies billions of dollars in costs. The dairy industry has already benefited, receiving an exemption from EPA rules that defined milk as 'oil' and subjected farmers to regulations designed to cover oil spills.  [View news story]
    These agency can't find both cheeks of their ass...... We should spend the next 2 years just looking at these agencies and stream ling them. We could save 100 million probably just in EPA alone. Just think what could be saved in the DOE they aren't even needed let the free market work...... Fire or reduce them all and you will probably balance the budget........and be able to now concentrate on social security and the persistent Medicare fraud....
    May 27, 2011. 08:23 AM | 3 Likes Like |Link to Comment
  • The biggest banks and mortgage lenders have amassed real estate empires they'd rather not have, owning a combined 872,000 homes as a result of the groundswell in foreclosures, almost twice as many as in 2007. They are also in the process of foreclosing on an additional 1M homes and may need to take possession of several million more in the years ahead.  [View news story]
    I have a question for all......Accounting...... this massive amount of questionable assets and on going costs can any bank claim a true statement .......Let alone claim improvements that warrant BONUS rewards for management.
    May 23, 2011. 10:02 AM | 3 Likes Like |Link to Comment
  • The presence of Groupon is inspiring a wave of start-ups and venture funding in Chicago. The nexus of this renaissance is the 1.5M square foot former Montgomery Ward warehouse on the Chicago river where many of these firms are located. Could this shift the economic power of the city away from LaSalle Street?  [View news story]
    LaSalle street is already gone........into the BOX... Yes the city needs something new... Lets hope for the best.
    May 19, 2011. 03:29 PM | 1 Like Like |Link to Comment
  • SodaStream (SODA +23.2%) shares soar after the company reported blowout earnings and increased its 2011 revenue outlook, citing strong growth across all regions, particularly in the U.S. where sales were up over 150%. "This is not a fad," Jim Cramer gushes. "This is sweeping the world... Everybody in the world loves soda but doesn't like to carry it out."  [View news story]
    Another Cramer tout......what happened to JAMBA Juice.......siting in my pension account?
    May 18, 2011. 04:11 PM | 2 Likes Like |Link to Comment
  • As municipal bond prices recover and investors move back into the market, Meredith Whitney shifts her focus a level higher to the "hidden state financial crisis." Opaque state financial statements mask the extent of underfunded pensions, she says; "The real issue... is the enormous over-leveraging of taxpayer-supported obligations at a time when taxpayers are already paying more and receiving less."  [View news story]
    Right on......... everything seems to be hidden in Govt. both state and national........ and the bas .. rds we continune to have brought before us as candidates are spineless and worthless.
    May 18, 2011. 11:02 AM | 5 Likes Like |Link to Comment
  • The coming days may tell which is of more importance: one man's leadership of the IMF or bureaucratic inertia towards another Greek bailout package. Eswar Prasad sees the IMF taking a harder line, with Greek debt ultimately being restructured. Greek bond yields are up a hair.  [View news story]
    Just poor judgement from a supposed financial leader and I don't mean his alleged criminal arrest......... I mean his staying in a $3000 a day suite...... I am more interested who is paying the bill....for these privileged bureaucrats. No wonder the financial world is in trouble.
    May 16, 2011. 08:21 AM | 1 Like Like |Link to Comment
  • In a letter to the CFTC, a group of 17 Senators demand a crack down on speculation in the energy markets. "The wild fluctuation could only be the result of rampant oil speculation, plain and simple," says Ron Wyden. It's unknown if a copy of the letter was sent to the Fed whose near 0% rates let speculative positions be financed for next to nothing.
     [View news story]
    Back to the prudent man rule would eliminate some of this wildness. I think it was about 12 years ago it became both allowable and possible for pension plans to invest in commodities....back to the old rules will stop this nonsense.....How many of these managers are speculating or partners in speculative trade.......? MANY.......Why do you think "so called" Hedge funds have grown over the years.. They are plucking the pension investment group......When it all comes out the pension monies will be lost and they will be crying to the government for help and renewed "never was or has been" oversite of these activities. Our regulators don't get headaches , they get VAPOR LOCKS.
    May 11, 2011. 04:00 PM | 1 Like Like |Link to Comment
COMMENTS STATS
56 Comments
94 Likes