JPMorgan Chase (JPM -1.1%) drops on heavy volume after ProPublica reports that the SEC is investigating whether the bank allowed the Magnetar hedge fund to improperly select assets while also betting against them in a $1.1B deal backed by subprime mortgages. [View news story]
Banks would continue to suffer from their 2000s deals...
Gold at $10,000 an ounce? Don't laugh, says uber-bull Shayne McGuire. "The world does not need to end for gold to go hyperbolic," he says, arguing that if rising inflation prompts pension funds and other big players to move as little as 1% of total global stocks and bonds holdings into the metal, the price of gold could easily jump tenfold. [View news story]
AP, too much bearishness on SA; I have always bet against the herd, with huge returns, so right now the trade is long oil, long on multinational stocks and short gold futures.
JPMorgan Chase (JPM -1.1%) drops on heavy volume after ProPublica reports that the SEC is investigating whether the bank allowed the Magnetar hedge fund to improperly select assets while also betting against them in a $1.1B deal backed by subprime mortgages. [View news story]
Gold at $10,000 an ounce? Don't laugh, says uber-bull Shayne McGuire. "The world does not need to end for gold to go hyperbolic," he says, arguing that if rising inflation prompts pension funds and other big players to move as little as 1% of total global stocks and bonds holdings into the metal, the price of gold could easily jump tenfold.
[View news story]
What Will Happen to Markets After the Elections? [View article]