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Keyword: wallstreet

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  • Investment & Finance Thread Market Bounce Re-cap

    10/19/2014 11:18:38 AM PDT · by expat_panama · 71 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...
  • DOW at 17,000 -- But You're Not Invited

    07/10/2014 9:29:58 AM PDT · by Kaslin · 42 replies
    Townhall.com ^ | July 10, 2014 | Larry Elder
    The stock market reached a record high last week, closing over 17,000 for the first time. Good news, of course. As President John F. Kennedy famously said, "A rising tide lifts all boats." But it sure helps if you own a boat. In this case, the "boat" would be the dynamic American stock market. But investors in the stock market disproportionately come from the top 1 percent, and they hold about 35 percent of all stocks and mutual funds. The next-richest 9 percent control about 45 percent. The remaining 90 percent have less than 20 percent. While nearly half of...
  • Investment & Finance Thread (week July 6 - July 12 edition) [my title: The Economy Looks Great!]

    07/06/2014 10:24:34 AM PDT · by expat_panama · 72 replies
    Weekly investment & finance thread ^ | July 6, 2014 | Freeper Investors
      Huh.  While coming into the second half of 2014 we just had the GDP and employment rpts, and what happened is we got what seemed to be contradictory -2.7% and +6.3 bombshells.    On the other hand (Truman hated economists saying that) a look at the year over year GDP return along with the employment/population ratio puts the two together.[click to enlarge]The reason GDP growth looks solid is because that -2.7% was just one Qtr to the next, so last week's rpt tells us more about how good Q4 was than it does about how bad Q1 turned out. ...
  • Clintons raised $2-3 billion in two decades

    07/02/2014 6:38:23 AM PDT · by Cincinatus' Wife · 20 replies
    The Hill ^ | July 2, 2014 | Alexandra Jaffe
    Bill and Hillary Clinton raised from $2-3 billion in the two decades they’ve been prominent on the national stage, according to the Wall Street Journal. The Journal tallied the Clintons’ speaking fees, fundraising for their foundation and the sums raised for Bill Clinton’s two presidential campaigns, for the Democratic National Committee while he was in office and for Hillary Clinton’s Senate and presidential campaigns. Between $1.3-2 billion came from U.S. companies and industry sources, making up at least 75 percent of the sum — more than the 60 percent industry sources contributed to the two Bushes’ political operations. The Journal...
  • Investment & Finance Thread (week June 29 - July 3 edition)

    06/29/2014 2:17:00 PM PDT · by expat_panama · 87 replies
    Weekly investment & finance thread ^ | June 29, 2014 | Freeper Investors
    Yesterday was the 100th anniversary of the assassination of Archduke Franz Ferdinand in Sarajevo which sparked the war and the NYSE decided to close for the duration (more here).  This week we begin the new quarter --and the second half of 2014.  We'll see if the GDP for Q2 shows any improvement (1st report coming out in three weeks).  Imho we're in an economy where we can still make money but it's just going to take more effort. Review of last week here, reports/consensus coming out this week here. This is the thread where folks swap ideas on savings and...
  • 'Too big to jail' [Why Obama's DOJ won't REALLY go after Wall Street]

    06/26/2014 7:45:09 AM PDT · by SoFloFreeper · 11 replies
    World Magazine ^ | 6/14/14 | Warren Cole Smith
    .... Assistant Attorney General Lanny Breuer seemed to hit hard in December 2012 when he announced that global banking giant HSBC would pay the government a fine of $1.9 billion.... In March 2013 Breuer’s boss, Attorney General Eric Holder, went before the Senate Finance Committee to explain why HSBC wasn’t indicted for these crimes. He said some banks may be too large to prosecute without wrecking the economy. Holder’s “too big to jail” comments caused an immediate uproar. Sen. Charles Grassley, R-Iowa, the ranking Republican member of the Senate Judiciary Committee, said “big bankers know that if they commit financial...
  • WAR ON WALL STREET: Obama Appoints Anti-Business Activist Head of DOJ Division

    06/26/2014 4:40:17 AM PDT · by PreciousLiberty · 19 replies
    New York Observer ^ | 6/25/2014 | Sidney Powell
    Banks should brace for assault as Arthur Andersen annihilator now controls world’s largest criminal conviction machine Meet Leslie Caldwell. President Obama has installed Ms. Caldwell, known as a “terror of a prosecutor,” as head of the Criminal Division of the Department of Justice. It has been over a decade since Ms. Caldwell destroyed Arthur Anderson, and with it, 85,000 jobs—only to be reversed by the Supreme Court nine to nothing (well after she went into private practice). Now the president has brought her back—with a big promotion—and the vengeance of DOJ already aimed at Credit Suisse, BNP Paribas and others....
  • Investment & Finance Thread (week June 22 - 28 edition)

    06/22/2014 11:28:08 AM PDT · by expat_panama · 30 replies
    Daily investment & finance thread ^ | June 22, 2014 | Freeper Investors
      While this past week many have reported how gold bumped up 3.4%, we should also note that silver leapt 6.7%.   Here they are w/ the DJIA and the S&P500 (from here)----but those two indexes really weren't the best performing indexes this week.  In fact a look at a spread of indexes (from there) shows that say, utilities did even better than gold.   Individual stock leaders did well ("the week, the IBD 50 rose 3.4%" (read more @IBD) and that's a bullish sign assuming that those leaders continue to lead.   As usual, the pundits are all up, down,-- New Market Highs...
  • Goldman Sachs Trader sues over skimpy $8.25 million bonus

    06/21/2014 4:51:04 PM PDT · by Wolfie · 20 replies
    CBS News ^ | June 20, 2014
    Goldman Sachs Trader sues over skimpy $8.25 million bonus A former Goldman Sachs (GS) trader, still furious at getting only an $8.25 million bonus in 2010, has taken the giant investment bank to court to get paid millions more. Deeb Salem says he helped Goldman earn more than $7 billion and that a little more money in his pocket would only be fair considering all his contributions. He wants about $5 million in additional pay from Goldman. In his petition filed last week in New York's State Supreme Court, Salem said things at Goldman started to unravel when he got...
  • A Development That Should Have Wall Street Terrified

    06/15/2014 10:32:22 AM PDT · by PoloSec · 26 replies
    Business Insider ^ | June 15 2014 | Joe Weisenthal
    Wall Street lost a close friend this week. As BI's Linette Lopez explained on Wednesday, the defeat of Eric Cantor, to primary opponent Dave Brat, meant that one of Wall Street's most reliable allies within the GOP was gone. And not just gone, but replaced by a candidate who specifically made being anti-Wall Street part of his campaign. The New Yorker's Ryan Lizza went as far as to describe Dave Brat the Elizabeth Warren of the right. On the trail, Bratt lamented the fact that no Wall Street bankers went to jail for the crisis of 2008. But the story...
  • Investment & Finance Thread (Father's Day edition)

    06/15/2014 7:10:42 AM PDT · by expat_panama · 44 replies
    Daily investment & finance thread ^ | June 15, 2014 | Freeper Investors
    Happy Father's Day!  Seems there's no shortage of ideas out there on fathers and investing, there's an entire series of books (Rich Dad’s Rich Kid Smart Kid, etc.) but (imho) the ideas can be boiled down into a short list (from here): Children all have different learning styles and parents need to understand what that child’s unique style is an help them harness it so they can form a successful life plan Trying to force a child into a style they will not be successful in leads to frustration and substandard results. Formal schooling under serves non academic learning styles...
  • Eric Cantor’s loss a blow to Wall Street

    06/12/2014 6:51:59 AM PDT · by Oldeconomybuyer · 14 replies
    Market Watch ^ | June 12, 2014 | By Brody Mullins
    Wall Street has many friends in Washington, but House Majority Leader Eric Cantor was a well-placed one who understood how the industry worked and was not afraid to help the financial-services sector, even when he had to take on other members of his own party. Cantor’s loss in Tuesday’s Republican primary puts a big hole in Wall Street’s Washington Rolodex. Since he was first elected to Congress, Cantor, a Virginia Republican, has been Wall Street’s go-to guy on issues big and small. His first committee assignment was on Financial Services Committee where he became steeped in policy matters that affected...
  • Investment & Finance Thread (June 8 edition)

    06/08/2014 11:38:26 AM PDT · by expat_panama · 60 replies
    Daily investment & finance thread ^ | June 8, 2014 | Freeper Investors
    Winding down the end of the first half of 2014 (dang, --already??)  we can say we're looking (from here) at six months of getting no where, or we can also say we've built a solid base for long term growth.In terms of sectors (from here) this year's been generally showing these same slow but steady gains throughout:Funny how we were just talking the other day about how nice a bit more boredom would be, although with negative interest rates, negative gdp, and mid-term elections five months ahead that may not be on...  This is the thread where folks swap ideas...
  • Investment & Finance Thread (June 1 edition)

    06/01/2014 5:53:52 PM PDT · by expat_panama · 92 replies
    Investment & Finance Thread ^ | 06/1/2014 | Freeper Investors
      Big news this week: stock prices are officially in an IBD 'uptrend' as of last Tuesday night!   We can see it on the plot to the left (click on it to enlarge).OK, so we all can see that if we'd have sold on the 'uptrend' announcements and bought on the 'corrections' this year we'd be better off, but imho that only proves we're in a goofy backwards market.  That's good; first, because now we know it's goofy, and second because we all need more entertainment in our daily lives.In the meantime let's all memorize the eleven cognitive bias's posted...
  • White House unveils regulatory agenda

    05/26/2014 3:59:38 PM PDT · by george76 · 12 replies
    The Hill ^ | 05/23/14 | Benjamin Goad
    The White House unveiled its semiannual regulatory agenda Friday, detailing its plans for thousands of rules in the pipeline at agencies across the federal government. The release is the fourth consecutive time that the Obama administration has issued its regulatory roadmap on the eve of a major federal holiday, as many Americans depart for long weekends and there is typically less media coverage. ... the June deadline for the Environmental Protection Agency’s proposal of regulations limiting greenhouse gas emissions remains in place... as well as a host of unfinished regulations stemming from the Dodd-Frank Wall Street reform act.
  • Investment & Finance Thread (May 26 edition)

    05/26/2014 3:43:48 PM PDT · by expat_panama · 61 replies
    Investment & Finance Thread ^ | 05/26/2014 | Freeper Investors
    Last week we were going on about the fact that since stock indexes have been flat for so long that we needed to focus on sectors --here are the top ytd sectors (from here) --   Year-To-Date Sectors Change   Name YTD Change Mining - Silver 43.08 Mining - Gold 40.2 ETFS - Precious Metals 23.1 ETFS - Metals 19.79 ETFS - Agriculture 19.51 ETFS - Commodities 18.28 ETFS - Commodities General 15.63 Satellite Communication 15.1 Mining - Misc 13.54 REIT - Equity Trust Resident 13.37    -- and (hat tip to Lurkina.n.Learnin) this link shows a daily 'heat map'...
  • Iran Hangs Crooked Banker and Billionaire

    05/25/2014 2:05:28 PM PDT · by apoliticalone · 18 replies
    AP - Fox News ^ | 05-24-2014 | AP
    TEHRAN, Iran – A billionaire businessman at the heart of a $2.6 billion state bank scam, the largest fraud case since the country's 1979 Islamic Revolution, was executed Saturday, state television reported. Authorities put Mahafarid Amir Khosravi, also known as Amir Mansour Aria, to death at Evin prison, just north of the capital, Tehran, the station reported. The report said the execution came after Iran's Supreme Court upheld his death sentence. Khosravi's lawyer, Gholam Ali Riahi, was quoted by news website khabaronline.ir as saying that his client was put to death without any notice.
  • Investment & Finance Thread (May 18 edition)

    05/18/2014 5:35:14 PM PDT · by expat_panama · 45 replies
    Investment & Finance Thread ^ | 05/18/2014 | Freeper Investors
       My thinking was that if the current stock correction's now six weeks old, how old would that be if I could prove I was a cocker spaniel? fwiw, we're still inside both these trendlines and these too.   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 and tomorrow morning we'll go on with our-- Open invitation continues always for idea-input for the thread, this being a joint effort works well.   Keywords: financial, WallStreet, stockmarket.