[email_link] If you’re reasonably literate about the financial crisis, you probably know that the credit rating agencies have slipped through the carnage like a cat walking away from a knocked-over vase. With their opinions on publicly offered mortgage-backed securities protected by the First Amendment, Standard & Poor’s and Moody’s have won dismissals of the vast…
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[email_link] Has there ever been a better time to be a disastrously inept banker? Well, probably — over the course of human civilization it’s almost always been a pretty good time to be a banker — but today’s finance titans seem uniquely immune to punishment of any sort. Remember how JPMorgan Chase accidentally lost $2…
[email_link] To quote Lando Calrissian, this deal’s getting worse all the time. General Motors(GM) shares fell to a fresh 2012 closing low of 19.57 on Monday. The stock hit 19 in mid-December, the lowest since the auto giant came public at $33 in November 2010 following its June 2009 bankruptcy. Normally you might say, tough…
Though indices didn’t budge by the close yesterday, they came back from earlier losses and saw some good moves in growth. AAPL is once again giving some coin to the service. HD did not move out but is still a play if it does. You are insane if you trade too much today…but I wouldn’t…
Forget CRUS and AMZN this morning. I am ok with AAPL and if HD confirms…above 53.28…not 63.28 like I wrote last night. I do not want to get caught into another news-driven whipsaw so going to start slow. BUT…volume was compelling and the technical look of market charts is much better with Friday’s action….
Greeting from Paris. A 4th day follow through day for the S&P induced by more funny money saving the day in Europe…for the 15th…or maybe the 17th time. I would rather the market do this on a “no news’ day but you take what you get. I am not thrilled by all the…
DOW futures up almost 200 as I write this. Very simply put: MARKETS ALL BUT IMPOSSIBLE BECA– USE OF THIS CONSTANT MANIPULATION AND INTERFERENCE. Yesterday, they were crumbling…after a late reversal…they pop up almost 2% today. My advice…wait this thing out. I certainly would do know buying on this gap. Technically, disregarding all news, support…
Greetings from Olympia Greece…now heading back to Venice to board a flight to Paris. They did it again yesterday…came out with rumor in last hour…to save the day…but as I write this, futures are up huge as EUROPE IS SAVED FOR THE 400TH TIME. I will not go into the news because nothing has…
[email_link] Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will close its doors and file for bankruptcy because its panels were too expensive to compete with Chinese products, according to the U.S. Energy Department. Abound, based in Loveland, Colorado, borrowed about $70 million against the guarantee, the…
