Keyword: wallstreet

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  • Boehner’s Head Fake

    12/18/2014 8:52:30 AM PST · by Oldpuppymax · 15 replies
    Coach is Right ^ | 12/18/14 | Suzanne Eovaldi
    So what did we just see happen in our Republican US House? Did John Boehner just do a head fake or what? His quid pro quo with the Democrats gets him and them amnesty along with a Christmas Wish List for Wall Street. In fact, wasn’t benefiting Wall Street the real lynchpin of the massive Omnibus bill, not executive amnesty? Think about it. Boehner now becomes the Wall-Streeter in Chief, not President Obama, whom the Speaker actually used to pass his legislation! Wasn’t the wished for defeat of executive amnesty just so much political theatre, what with the media screaming...
  • What Elizabeth Warren Missed in Her Big Bank Tirade

    12/16/2014 4:37:46 AM PST · by IBD editorial writer · 16 replies
    Investor's Business Daily ^ | 12/15/2014 | IBD Staff
    Crony Capitalism: Sen. Elizabeth Warren delivered a stemwinder speech last Friday on the need for government to rein in Wall Street influence. But it's big government that created the monster in the first place. Warren, D-Mass., was attacking a "dangerous provision" in the so-called cromnibus spending bill that, she said, stripped a part of Dodd-Frank that big banks, particularly Citigroup, don't like. Her speech had the left slobbering over itself. Michael Tomasky, writing for the Daily Beast, said Warren's "weekend heroics" made her the "most powerful Democrat in America." The Huffington Post ran a column calling it "the speech that...
  • We’re Number Two

    12/14/2014 10:51:14 AM PST · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 12/14/14 | Alan Caruba
    The fact remains that Main Street is in trouble. The nation requires an economy in which new businesses are created and existing ones can afford to expand. That is not happening The U.S. was the world’s number one economy prior to World War II, but it took off bigtime after the war and there has not been a day of my long life in which we were not number one—until now. The International Monetary Fund recently released its calculations regarding the world’s economy and concluded that China is the number one economy, producing $17.6 trillion in terms of goods and...
  • What Oil Shock and Repub. Cave Mean to Stocks and GDP; Investment & Finance Thread - Dec. 14

    12/14/2014 7:43:31 AM PST · by expat_panama · 158 replies
    Weekly investment & finance thread ^ | Dec. 14, 2014 | Freeper Investors
    So while nobody knows the future we still need to know what to expect from the week's two big headlines, even though our view can easily (and will probably) be muddied w/ other factors.  So we deal with an unknown future by checking the historical record for clues on at what the news means to our future investment returns.  What oil bargains do:  namely, what's it doing to the economy and to investments; here's what tanking oil's done in the past (ya gotta LOVE the fed's data site) and how real oil prices (2014$ per barrel) track real GDP-- [click...
  • Is Elizabeth Warren the left’s Ted Cruz? It’s not that simple.

    12/11/2014 1:02:08 PM PST · by 2ndDivisionVet · 16 replies
    The Washington Post's Post Politics ^ | December 11, 2014 | Sean Sullivan
    Have you heard the story of the first-term senator who is a hero to the party base and the subject of intense 2016 speculation -- the one who's willing to buck leaders on big bills, and has even lobbied House members to stand against a funding measure to keep the government running? It's the story of Sen. Ted Cruz (R-Tex.). This week, it's also the story of Sen. Elizabeth Warren (D-Mass.). Warren has emerged as the torchbearer of the liberal resistance on Capitol Hill to a $1.01 trillion bill to fund the government, which is facing the threat of a...
  • This Week --December 11 Budget Decision; Investment & Finance Thread

    12/07/2014 8:02:25 AM PST · by expat_panama · 81 replies
    Weekly investment & finance thread ^ | Dec. 7, 2014 | Freeper Investors
    Soap box time. Even as we speak the hired help in Washington are working out how to deal with the fact that the current budget continuing resolution expires this Thursday.  We got rumors galore on what they're coming up with but let's face it--  this is just not their strong point.  We're in a situation where the hired help is going to need our intensive supervision.  I know it's a lot of work to keep 'em in line but it's what we do.We can google here to find your congress contact info and I found this site good for senators...
  • Obama Sues Companies for Complying with Obamacare

    12/05/2014 9:55:26 AM PST · by Kaslin · 35 replies
    Townhall.com ^ | December 5, 2014 | Michael Schaus
    What’s the easiest way to avoid getting sued by the Obama Administration? Well… If you come up with an answer, let the rest of us know. A company that has supported the President and his Affordable Care Act, is currently being sued by Obama for following the law. (Wait… “Affordable” Care Act? Can we sue Democrats for false advertising yet?)Welcome to Obama’s America. Where you can literally get sued for trying to comply with the law. (Boy… That’ll teach you.)Honeywell International Inc., and two smaller firms, are being sued for taking advantage of a specific provision in the ACA that...
  • Democrats assail Wall Street ties in Obama administration

    12/01/2014 5:00:31 AM PST · by Mozilla · 12 replies
    The Hill ^ | 12/1/14 | Peter Schroeder
    President Obama’s nomination of Antonio Weiss to serve as the Treasury Department’s top domestic finance official is drawing fire from an unusual sector: his fellow Democrats. Liberal lawmakers like Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) have been quick to oppose Weiss, a major investment banker with Lazard. Among their grievances is the fact that Lazard’s work is primarily in international finance and he is nominated for a domestic position. They’re also critical of his role in structuring several tax inversion deals, which have drawn criticism from the president himself. But an underlying thread to the Democratic opposition is...
  • December/year-end Markets; Investment & Finance Thread

    11/30/2014 1:24:35 PM PST · by expat_panama · 96 replies
    Weekly investment & finance thread ^ | Nov. 30, 2014 | Freeper Investors
      Once again we can say we're looking at a great time for investing!  OK, so it means we wince over last Friday's metals prices, but like who does metals anyway dude, like it's soooo 2013 even.   That and the general feeling we get reading stuff like  Gold mining industry mostly ‘under water’ – Gold Fields CEO (h/t Chgogal). Hey, I'm talking stock market year end "window dressing"† January effect --check out the averages over the past 30 years for the Dow, S&P500, and the NASDAQ, they typically go up 3.4%, 3.6% and 4.8% respectively.  On top of that...
  • Investment & Finance Thread November Rally Progress Report

    11/23/2014 12:48:39 PM PST · by expat_panama · 46 replies
    Weekly investment & finance thread ^ | Nov. 23, 2014 | Freeper Investors
    Investment & Finance Thread November Rally Progress Report Great time for investing!   Gold & silver have been recovering for a couple weeks now and a stock index rally is already in it's sixth week.   What's next --can it last?  Pundits (as usual) are covering all sides, so anyone wanting to indulge their confirmation bias need only pick their favorite flavor op-ed: Downside       Upside not de-sided   Falling inflation a worry for Europe but also the world Cramer Remix: Warning about Friday's rally Global Economy Weekahead - Falling inflation a worry for Europe but also the world (h/t Chgogal)...
  • Investment & Finance Week Ending Nov. 16, 2014 --NOTHING HAPPENED!!

    11/16/2014 10:11:33 AM PST · by expat_panama · 43 replies
    Weekly investment & finance thread ^ | Nov. 16, 2014 | Freeper Investors
    Investment & Finance Week Ending Nov. 16, 2014 --NOTHING HAPPENED!! Investor's Business Daily said it well with their headline: "Stocks Wrap Up Do-Nothing Week With More Small Gains".  For both S&P and NASDAQ this week's been tepid gains w/ falling volume   Key question is whether we're looking at a top or not, and that's where analysts cite "quite volume" and "the distribution count remains low" (re "How To Tell An Uptrend In Stocks Is All But Over").  On the other hand (as they used to tell Truman) if we look at where we were a couple weeks into the...
  • How far off is a Detroit style collapse of New York City?

    11/14/2014 8:55:42 AM PST · by Oldpuppymax · 27 replies
    Coach is Right ^ | 11/14/14 | Kevin "Coach" Collins
    In 1950 America’s richest city was Detroit. Now it is nip and tuck with Cleveland as the nation’s poorest city. Today, in order to get into the sixth wealthiest spot on the list, the once wealthy and powerful New York City must be lumped in with Northern New Jersey and Long Island. By comparison Detroit was clearly better off 65 years ago than New York City is today. In 1950 Detroit relied on the auto manufacturing industry to fuel its economy and “See the USA in your Chevrolet” to keep the cars rolling off the assembly line. Sixty five years...
  • Stock Rally Stalls with Republican Win; Investment & Finance Thread Nov. 9, 2014

    11/09/2014 9:53:35 AM PST · by expat_panama · 48 replies
    Weekly investment & finance thread ^ | Nov. 9, 2014 | Freeper Investors
    Stock Rally Stalls with Republican Win; Investment & Finance Thread Nov. 9, 2014 Whoa, the past week was decisive in more ways than one! A week ago we took inventory of then-current trends and considered which scenarios would lead where.  All we knew for sure was that either things would stay their courses or we'd change direction.  What happened is we dumped 'business as usual' --as far as trend-lines went-- and we now got signals pointing at "something new".   That 'something new' might even be a basing/stage prep for a continued price surge (Stock Indexes In Pause Mode, But That...
  • The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare (Fake Story)

    11/08/2014 9:50:08 AM PST · by Bigun · 14 replies
    Rolling Stone ^ | November 6, 2014 | Matt Taibbi
    Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking By Matt Taibbi | November 6, 2014 "It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing. Back in 2006, as a...
  • Investment & Finance Thread Market Rally Progress Report

    11/02/2014 9:30:08 AM PST · by expat_panama · 60 replies
    Weekly investment & finance thread ^ | Nov. 2, 2014 | Freeper Investors
    Investment & Finance Thread Market Rally Progress ReportStocks are up and metals are down.  Details: major stock indexes have been showing a run up for the past three weeks --enough time to look at trading patterns.  The past two uptrends (w/ both the NASDAQ and the S&P500) seemed to come in two parts, a 3-4 week burst followed by a month & a half stalling before the drop off.  OK, so there's no law that says the current run-up has to follow suit but what we know is that for the next week prices within the trendlines are "business...
  • Yamana Gold (AUY) Drops 15% in one day

    10/30/2014 9:49:57 AM PDT · by MeneMeneTekelUpharsin · 20 replies
    Yahoo Finance ^ | 30 October 2014
    Yamana Gold dropped 15% in one day after news of a charge taken for Brazilian operations.
  • How freepers see elections/ebola/deflation/terror affecting investments&economy --Weekly Thread

    10/26/2014 10:48:06 AM PDT · by expat_panama · 80 replies
    Daily investment & finance thread ^ | Oct 26th 2014 | Freeper Investors
    Our investing strategy is the mix of our own personal financial needs plus expected future developments in the economy.  So the buzz (on these threads) is that the biggest up-coming economic/employment changes impacting our investment choices in the next week or two are the midterm elections, Ebola, deflation, and the war on terror.  We'll share our thoughts here on what we expect, and let's rate our expectations in terms of what we've been having up til now on the 'click-to-enlarge' graphs.  On the right margin we got 5-yr stock index performance for a back drop on our own personal expectations. ...
  • Investment & Finance Thread Market Bounce Re-cap

    10/19/2014 11:18:38 AM PDT · by expat_panama · 82 replies
    Weekly investment & finance thread ^ | Oct. 19, 2014 | Freeper Investors
    This past week saw upside reversals across the board coming out with prices holding steady in spite of the hammering we had over the past month or two.  [click pix to enlarge]The October metals rally held on to its gains, in fact market prices show gold's just about clawed back to break-even for 2014.  That's said, metals' role in price trends ahead is become increasingly controversial (re Gold And Silver - Financial World: House Of Cards Built On Sand) even while many see a bright tomorrow with other commodities (We Maintain Our Outlook For Higher Prices For Commodities).  Stocks.  OK,...
  • Ebola, Wall Street stock slide deepen '14 gloom for Dems

    10/17/2014 4:23:12 AM PDT · by maggief · 15 replies
    The Hill ^ | October 17, 2014 | Mike Lillis and Kevin Cirilli
    The Democrats' midterm prospects took a beating this week as concerns over the Ebola virus and a jittery economy churned up countless grim headlines and darkened an already-dissatisfied national mood. Republicans on Capitol Hill, who have long-charged the administration with mismanaging crises, have been quick to pounce on the ebola issue, saying President Obama's team has not been aggressive enough in the face of the threat. Meanwhile, a plummeting stock market has hit the half of the adult population that owns shares directly, or through retirement accounts and other investment vehicles. The stock slide also undercuts the White House’s preferred...
  • Elizabeth Warren: Obama's economic team chose Wall Street over 'families'

    10/13/2014 11:01:04 AM PDT · by TangledUpInBlue · 34 replies
    CNN Money ^ | 10/13/14 | Melanie Hicken
    Senator Elizabeth Warren, always outspoken on the tension between Main Street and Wall Street, took shots Sunday at a system she said is "rigged" against the little guy. In an interview in Salon, Warren, who has said she doesn't plan to seek the 2016 presidential nomination, said fellow Democrats including President Obama have not done enough to help consumers. On President Obama: Warren praised Obama for the creation of the Consumer Financial Protection Bureau, a federal agency aimed at enforcing consumer protection laws. But she told Salon that "there has not been nearly enough change" in the wake of the...
  • Investment & Finance Thread Freepathon Special

    10/11/2014 8:49:26 PM PDT · by expat_panama · 113 replies
    Weekly investment & finance thread ^ | Oct. 11, 2014 | Freeper Investors
    Money.  Investing.  Freerepublic.  Here are the top 10 reasons that us FR investors want to participate in the current FReepathon: 10.   Gold, silver, stock indexes, and bond values are all cr@pping out these days anyway... 9.    The FReerepublic is a proven and solid force for (among other things) sound national fiscal policy; we need that force stronger now more than ever. 8     We benefit from these threads personally.   Equity as a legal doctrine thus requires our compensatory donations. 7.    Economic realism: there's no free lunch. 6.    Market realism: you get what you pay for. 5.    Donations are necessary for continued maintenance/loss reduction of desired FR...
  • I.M.F. Takes Aim at Wall Street’s Pay System

    10/10/2014 8:00:21 AM PDT · by SeekAndFind · 7 replies
    New York Times ^ | 10/10/2014 | WILLIAM D. COHAN
    We don’t like to concede that a primary cause of the financial crisis was a Wall Street compensation system that rewarded executives, bankers and traders for taking big risks with other people’s money without holding them the least bit accountable. And because we don’t like to discuss such things in polite company, it is certainly unsurprising that six years later, not a single fundamental aspect of how Wall Street pays its top people has changed. The incentive system that handed out millions of dollars in bonuses to bankers and traders who packaged shoddy mortgages into securities and sold them as...
  • New Technology has Destroyed the Myth of Peak Oil

    10/06/2014 1:30:37 PM PDT · by Kaslin · 34 replies
    Townhall.com ^ | October 6, 2014 | Thomas Miller
    The Wall Street Journal ran an article recently exploring why the Peak Oil Predictions had not come true. Written by Russell Gold, the Journal’s senior energy reporter based in Austin, Texas, who himself released his first book called “The Boom: How Fracking Ignited the American Energy Revolution and Changed the World”, the article was an excellent walk through the ups and downs of the oil industry going back even to the late 1800’s. For example, did you know that John D. Rockefeller’s partner in Standard Oil, John Archbold, said, “I will drink every gallon (of oil) produced west of the...
  • Investment & Finance Thread TOTAL Market Crash Wrap-up

    10/05/2014 12:26:47 PM PDT · by expat_panama · 64 replies
    Weekly investment & finance thread ^ | Oct. 5, 2014 | Freeper Investors
     Investment & Finance Thread TOTAL Market Crash Wrap-upJeesh!  The bond bubble, just popped (Bond market may be more fragile than you think),stocks'n'metals are in the terlet, all while unemployment plunges below the big 6!   Big deal.  This so-called 'recovery' may be a boom time for all the elites on Main Street but those of us middle class working stiffs on Wall Street know better.   On Friday's gold and silver punched new lows and now weekend trading's putting them clearly into prices from four years ago.   As for stock indexes we got IBD announcing Thursday that stock trends are now...
  • This is the last photo we’ll ever run of the NYSE trading floor

    10/03/2014 7:29:33 PM PDT · by george76 · 12 replies
    Market Watch ^ | Oct 1, 2014 | Jeremy Olshan
    The stock market ditched Wall Street years ago. The masters of the universe, like the Giants and Jets, now scrimmage across the Hudson River in New Jersey—their trading these days done almost entirely by computers piping algorithmic playbooks into a fortress of servers in Mahwah and other competing exchanges nearby. The small squads of human traders who remain on the floor at 11 Wall St., the New York Stock Exchange’s Teddy Roosevelt–era headquarters, are (for the most part) just playing fantasy football. Yet just as the Big Apple’s football teams kept their New York names after wedding themselves to the...
  • American Oil and Gas Needed a Voice

    10/02/2014 11:17:31 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | October 2, 2014 | Thomas Miller
    Hat’s off to my friend, co-host and boss, Chris Faulkner. This past Monday, the Dallas Business Journal announced their 2014 Who’s Who in Energy list. Under the Oil and Gas tab, it read the following: James L. Poston, Aruba PetroleumT. Boone Pickens, BP Capital Chris Faulkner, Breitling Energy I have to admit, I was pretty proud when I read that Monday afternoon. I’ve been working with Chris on radio programs since December of 2013, and immediately I became aware of his incredibly sharp, witty and fast-thinking mind. These days, he and I may do up to 7 hours of oil...
  • American Oil and Gas Needed a Voice

    10/02/2014 10:15:13 AM PDT · by Kaslin
    Hat’s off to my friend, co-host and boss, Chris Faulkner. This past Monday, the Dallas Business Journal announced their 2014 Who’s Who in Energy list. Under the Oil and Gas tab, it read the following: James L. Poston, Aruba PetroleumT. Boone Pickens, BP Capital Chris Faulkner, Breitling Energy I have to admit, I was pretty proud when I read that Monday afternoon. I’ve been working with Chris on radio programs since December of 2013, and immediately I became aware of his incredibly sharp, witty and fast-thinking mind. These days, he and I may do up to 7 hours of oil...
  • Investment & Finance End of 2014 Q3 into Q4 Thread Edition

    09/28/2014 10:13:30 AM PDT · by expat_panama · 92 replies
    Weekly investment & finance thread ^ | Sept. 26, 2014 | Freeper Investors
    Investment & Finance End of 2014 Q3 into Q4 Thread Edition Comodities Stock Indexes    now   3 Mo. Chg.   Annualized return     now   3 Mo. Chg.   Annualized return  gold $1,220.26 -7.2% -25.9% S&P500 1,982.85 1.2% 4.7% silver $17.71 -16.2% -50.7% DJIA 17,113.15 1.7% 7.0% oil $512.66 -6.2% -22.6% NASDAQ 4,512.19 2.4% 9.8% U.S. $ $85.62 6.7% 29.8% Rus2k 1,119.33 -6.2% -22.5%  Here's what happened with the third quarter investments:  Looks like the dollar soared (so much for Fed printer devaluations), metals tanked (so much for safe havens), and while big cap. stocks have done best this past quarter the current...
  • What Jack Ma Can Re-Teach America

    09/23/2014 7:09:28 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | September 23, 2014 | Cal Thomas
    In the fairy tale "Ali Baba and the Forty Thieves," Ali Baba, a poor woodcutter, is in the forest when he hears a group of robbers approaching on horseback. Afraid, he climbs a tree and hears one of the men say, "open sesame." A door opens in a rock and the men go in, the door shutting behind them when another says, "close sesame." When they leave, Ali Baba climbs down and approaches the rock. He says, "open sesame" and it opens for him. Inside he discovers jewels and gold, which he takes, becoming rich himself. Jack Ma is the...
  • Investment & Finance Week in Review (Thread -Sept. 21 edition)

    09/21/2014 11:32:29 AM PDT · by expat_panama · 72 replies
    Weekly investment & finance thread ^ | Sept. 21, 2014 | Freeper Investors
    Investment & Finance Week in Review (Thread -Sept. 21 edition)Prices finally picked a direction and went for it  --topping a super week w/ metals collapsing, an FOMC meeting, Scottish Vote not to do anything, new IRS rules, stocks leaping, and the Alibaba IPO hype,  --and in the lull before the end of Q3 and beginning a new earnings season.  One thing at a time; metals finally broke in to newer lower levels as support folded,    ...and stock traders made up their minds deciding to respect the 50-day moving average support and rebound prices into what IBD calls "market in...
  • Alibaba: The ChiCom Dream?

    09/20/2014 9:42:47 PM PDT · by 2ndDivisionVet · 32 replies
    The Excellence in Broadcasting Network ^ | September 19, 2014 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: I got people... People who know that I am a tech aficionado are asking me, "Rush, what's Alibaba, and do I need to be concerned about it?" Alibaba is the Chinese, the ChiCom Amazon, and it is going through its IPO today. It just became the world's largest Internet business and close to the world's largest business, period. It's gonna end up being even bigger than Walmart today. Jack Ma, you can see him. Drudge features a couple of pictures of Jack Ma. He founded Alibaba on the front page of the Drudge Report, Yahoo owns 23%...
  • Rupert Murdoch: Scottish Vote Is Just a Symptom of Global ‘Anti-establishment Groundswell’

    09/18/2014 4:17:16 PM PDT · by SkyPilot · 51 replies
    National Review ^ | 18 Sep 14 | Brendan Bordelon
    On the eve of the vote for Scottish independence, Australian media mogul Rupert Murdoch explained that the election is merely a symptom of an ”anti-establishment groundswell” sweeping through the Western world. On Friday Murdoch spoke about the impending vote with Fox News’s Neil Cavuto. “I think there’s meaning in this, and I think it goes beyond Scotland,” he said via phone. “There’s a great anti-establishment groundswell which is seen in this vote in Scotland. You’re seeing it here in Britain in the anti-European party, whose one single issue is to get out of Europe. And I think you’re seeing it...
  • Capital Market Update; Investment & Finance Thread (Sept. 14 edition)

    09/14/2014 12:55:21 PM PDT · by expat_panama · 74 replies
    Weekly investment & finance thread ^ | Sept. 14, 2014 | Freeper Investors
    Capital Market Update; Investment & Finance Thread (Sept. 14 edition) In a phrase it looks like everything's beginning to bust loose for stocks, metals, bonds --something here for everyone!   Stocks chalked up another distribution day last Friday as the S&P nudges toward the famous 10-week moving aveage that serves as a floor in the good times and a ceiling in the bad.  Traders are also noticing that over the past week or two up volume was slight while down volume was strong.  Like maybe some kind of consensus or something, at least for the short term.  Remember however...
  • States by Economics and Voting (Investment & Finance Thread)

    09/07/2014 12:50:08 PM PDT · by expat_panama · 70 replies
    Weekly investment & finance thread ^ | Sept. 7, 2014 | Freeper Investors
    Day before yesterday we were checking out this BEA map of the U.S. that was colored/labled by GDP and it got us on to the redstate/bluestate divide.   Naturally (as expected) small gov't low tax policies generally flowed with growing economies but what snagged us were the anomalies --Alaska did so poorly yet West Virginia soared.   Seems we can overcome that by ourselves and get all the state numbers for GDP from the BEA along w/ employment states by state from the BLS --and then toss them into online mapping websites (I used iMapBuilder Online). Got to just love this info...
  • Katie Couric: Sen. Warren Criticizes Washington-Wall Street 'Revolving Door'

    09/06/2014 8:44:12 PM PDT · by 2ndDivisionVet · 15 replies
    Yahoo! News ^ | September 6, 2014 | Andrew Romano
    (VIDEO-AT-LINK)In an exclusive interview Wednesday with Yahoo Global News Anchor Katie Couric, Massachusetts Sen. Elizabeth Warren slammed former House Majority Leader Eric Cantor for accepting a multimillion-dollar job with a Wall Street investment bank shortly after leaving Congress. "This is wrong," Warren said in regard to Cantor's new role as vice chairman and managing director at Moelis & Co. "People work in Washington and, man, they hit that revolving door with a speed that would blind you." She went on to claim that banks hire politicians like Cantor "not because they bring great expertise and insight, but because they’re selling...
  • Eric Cantor Just Got A Job At A Wall Street Bank — Here Are The Details Of His $3.4 Million Pay Pack

    09/02/2014 6:55:52 AM PDT · by SeekAndFind · 50 replies
    Business Insider ^ | 09/02/2014 | Joe Weisenthal
    Late Monday night it was reported that former House Majority Leader Eric Cantor would take a job at investment bank Moelis.The news has already prompted the predictable eye-rolling about the "revolving door." And to the Tea Partiers who ousted Cantor in a primary earlier this year, the news that he is going to Wall Street is vindication that he was never a populist like them.But anyway, Moelis has put in a filing with the SEC, detailing his pay package (Via Erik Schatzker).From the filing:Group LP has agreed to pay Mr. Cantor an annual base salary of $400,000. Group LP has...
  • Investment & Finance Thread (Labor Day week edition)

    08/30/2014 3:08:28 PM PDT · by expat_panama · 81 replies
    Weekly investment & finance thread ^ | Aug. 29, 2014 | Freeper Investors
    This morning looking in today's Real Clear MarketsGet I got a real kick out of this link that appeared :  Kick Off Labor Day Weekend With Some Depressing Charts - Quartz.   What the Quartz guys were wetting their pants over was how employee pay % total Gross Domestic Income was falling.  Here's a plot of the numbers they stole from the American Tax Payer supported BEA.gov: (Note: Freepers can't post Quartz articles because of an alleged copyright complaint)      Apparently what's really got them upset is that the evil capitalist is exploiting the American Worker and the the share for evil...
  • Is Burger King stock price going to fall?

    08/28/2014 6:59:59 AM PDT · by MeneMeneTekelUpharsin · 18 replies
    Stock inavailability | 28 August 2014 | Mene Mene Tekel Upharsin
    Interesting. Tried to short Burger King (BKW) which is doing a buyout of a company and shot up at one point around 19% (which is nuts). No shares available to short. That must mean the big boys have shorted all they can and know what is going to happen next.
  • Margin Debt & Trends

    08/27/2014 5:16:31 AM PDT · by VA Voter · 1 replies
    armstrongeconomics.com ^ | 8/27/2014 | Martin Armstrong
    The debate over the pending crash in the stock market seems endless. Whether or not margin debt as reported by the NYSE has relevance any more is an interesting question in a world in which the retail investor has abandoned investing (decline in liquidity). The real marginal buyers are hedge funds and some banks while the cash buyers remain central banks. The make-up of the market has changed and the interest rates are well below even many dividends. So talking about total margin debt nearing $500 billion cannot be compared just on a nominal basis. Yes, we may yet see...
  • Investment & Finance Thread (week Aug. 24 - Aug. 30 edition)

    08/24/2014 2:36:41 PM PDT · by expat_panama · 106 replies
    Daily investment & finance thread ^ | Aug. 24, 2014 | Freeper Investors
    Happy weekend investors!!This week's thread will have to settle for a lame blog at the top due to a severe case of writer's block.  Topics considered were a weekly recap but here's the week in stocks and here's the week in metals.  Another idea was chat about the Fed meeting at Jackson Hole but they're just wrapping it up and the Fed website isn't quite updated.  Another idea is a resume of all the good news & bad news about today's econ condx, but that either keeps changing or it's already been rehashed on these threads by better brains than...
  • EU exit could force Wall Street banks to desert Britain

    08/22/2014 1:51:28 PM PDT · by Berlin_Freeper · 11 replies
    telegraph.co.uk ^ | 18 Aug 2014 | Bill Gardner
    Wall Street banks could desert Britain if the country decides to leave the European Union, senior figures in the industry have reportedly said. Some major institutions are believed to be already drawing up plans to move activities abroad amid concerns that the UK is drifting further away from the EU. Most US and Asian banks currently run their main European operations from the UK, which gives them a passport to provide services across the EU. But if the UK left the European Union, it is believed to be unlikely foreign banks based in London would carry on receiving the same...
  • Investment & Finance Thread (week Aug. 17 - Aug. 23 edition)

    08/17/2014 1:35:32 PM PDT · by expat_panama · 105 replies
    Weekly investment & finance thread ^ | Aug. 17, 2014 | Freeper Investors
    Alternate Title:  UPTREND SPECIAL EDITION!   That's right, last Thursday IBD announced that NASDAQ had its "follow-through-day"  so investors in the driver's seat just saw the light turn green.  That said, we also know that nobody walks across a one-way street without looking both ways, and even though the signs say 'buy' here's what they've been saying so far this year-- --and this is the problem we got driving down the road while only being able to look out the back window.Remember these market designations are not arbitrary, they're signals proven with decades of research.   That said, we're still looking at a...
  • Investment & Finance Thread (week Aug. 10 - Aug. 16 edition)

    08/10/2014 9:08:03 AM PDT · by expat_panama · 69 replies
    Weekly investment & finance thread ^ | Aug. 10, 2014 | Freeper Investors
    No matter how you look at it this is truly an amazing world we live in if everyone has more information than any time in recorded history and the only thing that's for sure is (like Sam Goldwyn said): "nobody knows nothing!"  What we got is that 2014 started out great for gold and the blahs for stocks, then the other way around w/ stocks powering up, and now we're back w/ metals out-shining stocks again.   In fact, right now the Russell 2000 (favoring small stocks) even shows the infamous 'death cross' w/ the 50 day moving average punching down...
  • Investment & Finance Thread (week Aug. 3 - Aug. 9 edition)

    08/03/2014 2:06:47 PM PDT · by expat_panama · 102 replies
    Weekly investment & finance thread ^ | Aug. 3, 2014 | Freeper Investors
    Yo!   What we got this past week is the economy's officially in terrific shape and both stocks and metals are tanking.  Now, while it's never good to be too convinced about what we think is going to happen next in the future, I personally am having a hard time trying to decide what I think is happening right now.  Somehow the more I know about what's going on the less I know about what's going on.Oh yeah, IBD says stocks are still in an 'up-trend'.   This is the thread where folks swap ideas on savings and investment --here's a...
  • Investment & Finance Thread (week July 27 - August 2 edition)

    07/27/2014 10:28:41 AM PDT · by expat_panama · 101 replies
    Weekly investment & finance thread ^ | July 27, 2014 | Freeper Investors
    While this past week may have been pretty much nothing in the way of general asset growth (metals flat off --stocks flat in market under pressure), it's been a great week for geek number thingees, in fact we updated the link list to include Business Insider's Chart page (hat tip to Wyatt's Torch) and we've been into the income shifts that have turned the Great Recession into the gift that keeps giving.  Chgogal gave us the headsup to the  NYTimes piece "The Typical Household, Now Worth a Third Less" and Wash. Post Chart study Median household incomes have collapsed since...
  • Has President Obama Had Any Impact on the Stock Market’s Success?

    07/26/2014 8:29:09 AM PDT · by Kaslin · 39 replies
    Townhall.com ^ | July 26, 2014 | Mark Skousen
    I received a note the other day from a social Democrat, who wrote: “When Obama came to power the Dow Jones Industrial Average was 7,900, today it is over 17,000. When he came to power, the Federal Budget deficit was 11% of gross domestic product (GDP), today it is 2.8%. When he came to power, the economy was in a free fall and losing 8 million jobs, today it is growing and all the lost jobs have been recovered. We are poised today to become the greatest energy producer in the world and North America will produce more oil and...
  • Investment & Finance Thread (week July 20 - July 26 edition)

    07/20/2014 4:02:51 PM PDT · by expat_panama · 72 replies
    Weekly investment & finance thread ^ | July 20, 2014 | Freeper Investors
    Year-to-date wrap-up time.   General markets varied a lot but right now they're all together at 5-10% up so far.  Actually that's pretty good as it represents a 5-year doubling time.    click to enlarge  A closer look at stock indexes so far this year are showing roughly the same track but my dim eyes are somehow seeing us having a plateau for the past 3 weeks.  That's usually a good sign; witness the run-up after the mid-April basing. click to enlarge .As Torch says, "Discuss".  This is the thread where folks swap ideas on savings and investment --here's a list of popular...
  • Eric Cantor parties in Hamptons, campaigning for Wall Street job: report

    07/16/2014 1:16:08 PM PDT · by cotton1706 · 6 replies
    nydailynews.com ^ | 7/16/14 | Terrence Cullen
    Pick a job, any job. Outgoing House Majority Leader Eric Cantor’s career in Congress might be over, but he’s got plenty of suitors on Wall Street and in the National Republican Committee. Cantor was recently spotted at an exclusive Hamptons party, rubbing elbows with Goldman Sachs chief Lloyd Blankfien and billionaire investor Carl Icahn, according to Politico, and seemed to be pining for a finance job in New York. The seven-term congressman from Virginia lost his primary last month to Tea Party favorite Dave Brat. Cantor will step down from his leadership role at the end of July, but will...
  • Investment & Finance Thread (week July 13 - July 19 edition)

    07/13/2014 4:06:02 PM PDT · by expat_panama · 72 replies
    Weekly investment & finance thread ^ | July 13, 2014 | Freeper Investors
     Condensed version:  this past week's metals 'n stock indexes saw a (imho) a flat decision making base --not sure how metals volume went but stocks had high volume for the dips & low for the rebounds --bearish, a situation IBD calls 'uptrend under pressure'.   fwiw, their distribution day count is running at 6 for the S&P and 4 for the NASDAQ.Fortunately I can now say what the upcoming week's going to be; it'll be "interesting".    This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here...
  • 2,000 days of Obama: How have stocks done?

    07/11/2014 12:39:17 PM PDT · by illiac · 30 replies
    MarketWatch ^ | 7/11/14 | Russ Britt
    LOS ANGELES (MarketWatch) — It’s been almost 2,000 days since President Barack Obama entered the Oval Office, and MarketWatch felt it would be fitting to measure the stock market’s performance during the president’s tenure to this point with its performance through the 2,000-day mark of other recent presidential administrations. Obama was sworn in amid extreme financial turmoil in January 2009, roughly six weeks before the stock markets hit bottom in the depths of the Great Recession. Pretty much the only direction for stocks to go was up. How far up, though? More important, how do gains under Obama compare with...