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General Market News



One thing that is certain when it comes to the stock market - things change daily. This section will keep you up to date of the latest happenings on Wall Street, and how it might end up affecting Main Street.

Dow Jones Turns Negative For 2014 After Volatile Week

Many online news websites and traditional newspapers will be filled this weekend with pictures of stock traders looking flummoxed and forlorn as the Dow Jones Industrial Average turned negative for th...


Marissa Mayer Under Fire at Yahoo!

The "honeymoon" period is clearly over for Marissa Mayer as the former "golden child" is now under pressure to either make significant changes to her leadership strategy or step down altogether at Yah...


Unemployment Rate Declines To 5.9% in September

The BLS ("Bureau of Labor Statistics") released the "Employment Situation Summary" for the month of September earlier today. The big data point that many in the mainstream media are trumpeting thi...


SEC Charges Two Men With Insider Trading on Pershing Square's Announcement of Bearish View on Herbalife

In one of the first cases of its kind, the SEC ("U.S. Securities and Exchange Commission") has charged two men with insider trading after one friend tipped off another about a prominent hedge fund's v...


Apple Suffering Through Embarrassing iPhone 6 Launch

Apple's iPhone launches usually go something like this. Millions of people line up to buy their new iPhone on the first day of its release. Apple sells kajillions of the new devices. Media outlets sho...


Is Carl Icahn Liquidating His Stake in Herbalife?

Herbalife was cruising towards a moderately red day today when selling suddenly picked up into the close. Shares of the company, which had closed on Friday at $44.83, traded as low as $38.63 before cl...


Larry Ellison Steps Down as CEO of Oracle

Shares of Oracle Corporation (ORCL on the NYSE) are off slightly in afterhours trading after CEO and co-founder Larry Ellison announced his intentions to step down as the chief executive of the compan...


All Eyes on Apple on Tuesday

If you are a lover of Apple products, tonight is probably like Christmas Eve for you. Apple is hosting an event on Tuesday in which they are expected to reveal details of several new products. App...


Warren Buffett Under Fire For Berkshire Hathaway's Role in Burger King/Tim Hortons Deal

Earlier today, the deal between Burger King and Tim Hortons was officially announced. As part of the deal, Berkshire Hathaway committed $3 billion towards the purchase of preferred equity financin...


Berkshire Hathaway Tops $200,000/Share For The First Time

The company, which is a conglomerate that owns the likes of BNSF, Geico and Dairy Queen, as well as stakes in IBM and American Express, finished Thursday up $3,241.00 to close at $202,850 per share. A...


Maker of "Candy Crush Saga" Crushed After Q2 Earnings Report

Let's be blunt - King Digital Entertainment plc (KING on the NYSE) is not the most popular company in the world. The company, which is behind social games such as "Candy Crush Saga" and "Pet Rescu...


Twitter Surges Following Release of Q2 Earnings Report

About a year ago, Facebook released an earnings report that completely reversed their stock's momentum. There was, if you'll remember, a time when pretty much nobody wanted to own shares of Facebo...


Will Bill Ackman Ever Capitulate on Herbalife?

The Herbalife story has been one of the most interesting sagas of the past couple of years in the stock market. On one side are short sellers (led by Bill Ackman and Pershing Square Capital) who b...


SEC Lifts Trading Halt on Cynk Technology, Shares Crater 85%

Shares of Cynk Technology Corp. (CYNK on the Pink Sheets) re-opened for trading on Friday following a two week halt by the SEC (Securities and Exchange Commission). The shares predictably cratered...


Mark Zuckerberg Adds Another $1.56 Billion To His Net Worth

Shares of Facebook hit an all-time high on Thursday after a Q2 earnings report that was warmly received by investors. Remember when the company had a mobile advertising problem? That problem has c...


Tuesday Promises To Be An Interesting Day For Herbalife Shareholders

Whether you are a shareholder of Herbalife or just an interested observer, Tuesday promises to be an interesting day for the company. Bill Ackman, head of Pershing Square Capital Management LP, ha...


Will Google Be The First Trillion Dollar Company?

It's a question that people have been asking themselves for decades now - which will be the first publicly traded company to command a trillion dollar valuation? Back in the late '90s during the he...


SEC Suspends Trading in Cynk Technology

On Friday morning, the Securities and Exchange Commission (SEC) halted trading in shares of Cynk Technology (symbol CYNK). The SEC said that they were suspending trading in CYNK "because of concerns r...


Shares of Cynk Technology Keep Going.. and Going

Cynk Technology Corporation (CYNK) is making a mockery of the stock market, if that is even possible. On June 16th, 2014, shares of Cynk Technology Corporation closed at just 6 cents per share on ...


Dow 17,000 Likely Coming This Week

Another milestone for the DJIA (Dow Jones Industrial Average) is likely coming this week - 17,000. The DJIA closed at 16,947.08 on Friday afternoon, setting yet another all-time high. The index to...


Apple Agrees To Its Largest Ever Purchase As It Buys Beats Electronics, LLC For $3 Billion

Apple Inc. has agreed to purchase Beats Electronics, LLC for a reported $3 billion. The purchase price reportedly includes $2.6 billion now and an additional $400 million that will vest over time. ...


Shares of World Wrestling Entertainment, Inc. Plummet Following TV Deal, Release of WWE Network Numbers

Shares of WWE (World Wrestling Entertainment, Inc.) are getting destroyed today (no, I'm not going to use "slammed" or "bodyslammed", as that has been done to death by the media today) after the compa...


Apple To Enact 7:1 Stock Split

Apple raised some eyebrows on Wednesday evening when the company announced that they are planning on enacting a 7:1 stock split later in the year. The stock split, combined with stronger-than-expe...


David Einhorn: "We Are Witnessing Our Second Tech Bubble in 15 Years"

David Einhorn of Greenlight Capital is one of the most respected hedge fund managers in the world. Einhorn's opinion is so respected, in fact, that stocks have moved by as much as 20% in a single trad...


Netflix To Raise Prices

Netflix released their Q1 earnings after the closing bell earlier today. The streaming video company, which is responsible for hits such as "House of Cards" and "Orange is the New Black", finished...


Herbalife Back in Spotlight Following Rumored Government Probe

The markets were having a typically sleepy spring afternoon on Friday when rumors of a possible FBI/Department of Justice criminal probe against Herbalife (a multi-level marketing company that sells n...


March Employment Report: 192,000 Jobs Added, Unemployment Rate Remains Unchanged

The Bureau of Labor Statistics ("BLS") released the March 2014 employment report earlier today. Heading into today's report, the general consensus was that the US economy added a little over 200,0...


April: Typically One of the Strongest Months for the Stock Market

Another day, another all-time high for a major North American market index, as the S+P 500 closed up 0.70% to finish at yet another all-time high. The DJIA is just 50 points behind an all-time high, w...


Internet Explodes After Facebook Announces Buy of Oculus VR

Let's be straightforward - the only person that seems to like the purchase of Oculus VR (the maker of the Oculus Rift, which is a virtual reality headset) is Mark Zuckerberg himself. Investors don...


Facebook Purchases Oculus VR For $2 Billion

Facebook revealed after the closing bell today that they have purchased Oculus VR for around $2 billion. The deal reportedly includes $400 million in cash and $1.6 billion in shares of Facebook. T...


Ukraine, Fed Uncertainty Set To Weigh on Markets This Week

There are two main factors that are set to weigh on the markets this week - the continuing situation in the Ukraine and the Fed meeting that is set to take place later this week. Crimea's referend...


Netflix, Tesla Motors Continue To Roll

Netflix and Tesla Motors were two of the stock market's biggest winners last year - shares of Netflix started the year at $95.21 and finished at $368.17, while shares of Tesla Motors started 2013 at $...


Facebook Surges After Reporting Q4 Earnings

With shares of the company up over 70% in the past year, expectations were sky-high heading into Facebook's Q4 earnings report. Facebook shareholders' nerves were quickly settled, however, after t...


HSBC Speaks Out on Cash Withdrawal Controversy

HSBC came under fire last week when it was revealed that they had prevented some of their customers in England from withdrawing large amounts of cash. The reason that HSBC refused the withdrawals?...


Netflix: The Party's Not Over Quite Yet

Netflix, which was one of the darlings of the stock market in 2013, continues to crush short sellers and reward shareholders. Earlier today, Netflix reported their fourth quarter earnings. I was r...


Nestor Inc. Soars After Traders Confuse It For Nest Labs

It happened again. Back in October of 2013, traders pushed the shares of bankrupt Tweeter Home Entertainment Group, Inc. up as much as 1,800% after mistaking it for Twitter, Inc. Earlier that ...


Time To Celebrate: Stocks Roared Higher in 2013

Pop open the champagne - many American households are feeling flush this New Year's Eve thanks to a stock market that just wouldn't quit in 2013. The Dow Jones industrial Average and S+P 500 both ...


Facebook To Join S+P 500 This Week

Facebook investors received some welcome news this past week after it was announced that the company would be joining the S+P 100 and S+P 500. Facebook will be replacing Teradyne (TER) in the S+P 500 ...


Hedge Funds Set to Underperform Stocks This Year - Again

According to Bloomberg.com (link below), the hedge fund industry is set to post its worst annual performance relative to stocks since 2005, as well as its fifth straight year of underperformance relat...


Nasdaq 4,000

The NASDAQ closed above 4,000 today for the first time since the "dot com" bubble started to burst in 2000. On September 7th, 2000, the NASDAQ closed at 4,098.35. At the time, the "dot com" bubble...


Warren Buffett on Stocks: "They're in a Zone of Reasonableness"

Earlier today, during an interview with "CBS This Morning", Warren Buffett was asked to comment on current stock valuations. According to Buffett, chairman of Berkshire Hathaway Inc. and arguably ...


Berkshire Hathaway Acquires Large Stake in Exxon Mobil

When you are the most successful investor to have ever lived, people tend to follow your moves pretty closely. Earlier today, in its quarterly Form 13F filing, Berkshire Hathaway revealed a new po...


Planned Stock Offerings From Fantex Take Hit After Injuries This Past Weekend

The greatly maligned plan from Fantex to offer "tracking stocks" in athletes took a big hit this past weekend as both Arian Foster (Houston Texans) and Vernon White (San Francisco 49ers) went down wit...


Tesla Motors Drops 14.5% Following Q3 Earnings Release

Sooner or later, every momentum stock will stumble. Tesla Motors has been one of the biggest stock market stories of the past 12 months. The company, which develops and sells electric vehicles, ha...


All Eyes on Twitter

Twitter Inc. is set to list its shares on the New York Stock Exchange this week. The initial public offering from Twitter is one of the most hotly anticipated new listings of the year. As a matter...


Jeff Bezos, Bill Gates Added To Their Fortunes on Friday

Thanks to strong earnings reports from Amazon.com and Microsoft, the fortunes of Jeff Bezos, Bill Gates and Steve Ballmer all soared on Friday. Amazon.com had a particularly good day on Friday, as...


Elon Musk, Reed Hastings Warn Investors About High Share Prices

It's quite something when the CEO of a company warns investors about getting too carried away and driving shares of their company too high, but that's exactly what Elon Musk and Reed Hastings have don...


Oops! Traders Run Up Shares of Bankrupt TWTRQ, Thinking That It's Twitter, Inc.

Shares of Tweeter Home Entertainment Group, Inc. (TWTRQ on the OTC) surged as much as 1,800% earlier today after traders mistook the bankrupt company for Twitter, Inc. Earlier this week, Twitter's...


The JC Penney Madness Continues

One thing is for sure - the ongoing JC Penney saga is providing for plenty of entertainment. Entertainment, that is, for people who aren't holding shares of the company in their investment portfolio. ...


Twitter Likely To Choose NYSE For Upcoming IPO

Earlier this month, Twitter (via a Tweet, of course) announced that they had filed with regulators to go public. Details were sparse on the offering, as Twitter is now allowed to file confidentially t...


Here Comes The Hedge Fund Advertisements

On Monday, September 23rd, the Jump-Start Our Business Start-Ups Act (aka the "JOBS Act") will officially go into effect. One of the changes that will come as a result of the JOBS Act going into e...


Blackberry Dishes Blast of Bad News To Its Shareholders Late Friday Afternoon

Blackberry (BBRY on the Nasdaq) gave its shareholders a Friday afternoon "treat" in the form of even more bad news, as the company is forecasting an even larger than expected Q2 loss. According to...


Twitter Files To Go Public

Earlier today, Twitter (via their official Twitter account, of course) announced that they had filed a S-1 with the SEC. Here is what Twitter said via their official Twitter account: "We've con...


Alcoa, Bank of America and Hewlett-Packard To Be Dropped From Dow Jones industrial Average

Alcoa. Bank of America. Hewlett-Packard. What do these three companies have in common? Aside from all of them likely occupying a spot in your investment portfolio (likely through mutual funds), al...


Hedge Funds Piling Into JC Penney

Last week, Bill Ackman's Pershing Square Capital Management officially threw in the towel on their massive position in troubled retailer JC Penney. All told, Pershing Square and its affiliated com...


August Swoon: Market Turns In Its Weakest Month Since 2012

When the markets opened for trading in August, the three major indexes looked like this: DJIA - 15,499.54 NASDAQ - 3,626.37 S+P 500 - 1,685.73 Today was the last trading day of August, and her...


Bill Ackman Says "No Mas", Will Dump Entire Stake in JC Penney

It's been a wild and tumultuous year for William "Bill" Ackman of Pershing Square Capital Management. The fiery fund manager has been involved in two very public spats so far this year - one invol...


Tel Aviv Stock Exchange Hit By Typo

Let's see, in the past few weeks we've had: 1) Goldman Sachs' algorithmic options trading software go haywire 2) The NASDAQ go completely down for 3+ hours due to a "data issue" 3) A major Is...


The $18 Billion Retirement Announcement

It must have been just a bit of a hit to Steve Ballmer's ego to see the investment world's reaction to his retirement announcement. Earlier today, Microsoft CEO Steve Ballmer announced that he wil...


Nasdaq Seizes Up, Shuts For Over Three Hours

At 11:45 am EST this morning, the NASDAQ reported that they had encountered "momentary interruptions" in quote dissemination. The problem seemed to be fixed, as the update also stated that "all channe...


DJIA Posts Its Biggest Weekly Loss Since June of 2012

The euphoria surrounding the stock market has subsided somewhat over the past couple of weeks, mainly due to the increase in the yield of the 10-year US Treasury note and some weaker than expected ear...


Tesla Surges (Again) After Earnings Beat

The love affair between investors and Tesla Motors will continue for the time being following the company's well-received Q2 earnings report. Following a lacklustre regular session, shares of Tesl...


What Does Jeff Bezos Have In Mind For The Washington Post?

Many eyebrows were raised when it was announced that Jeff Bezos, founder and CEO of Amazon.com, was purchasing the Washington Post for $250 million. Now, it's important to note that Amazon.com is ...


All Eyes on Zuck: Facebook Soars After Q2 Beat

It has been a great afternoon for Mark Zuckerberg and the rest of Facebook's shareholders, as the company is up around 20% in after-hours trading following the release of their Q2 earnings report. ...


Netflix Dips After Reporting Q2 Earnings

Good, but not good enough. That's the message that investors are giving to Netflix, Inc. following the release of the company's Q2 earnings report earlier today. There were two big questions h...


From The "Could You Be Any More Obvious?" Files - LEAP

Shortly after the markets closed today, AT+T announced that they would be buying Leap Wireless International Inc. for $1.19 billion. The No. 2 carrier in the United States is offering LEAP shareholder...


Shares of Blackberry Continue To Plunge

Shares of Research in Motion Limited (Dba Blackberry) have been absolutely shellacked over the past three trading sessions following the company's extremely underwhelming Q1 earnings report. Every...


Markets Close Out Strong First Half of Year

The first half of 2013 closed with a whimper on Friday as the Dow Jones Industrial Average and S+P 500 averages both closed lower on the day. June was a rollercoaster month for the markets, thanks...


State of the Industry: Boston Globe Will Likely Sell For Fraction of 1993 Sale Price

Bids for the Boston Globe are due in later today, and they aren't expected to be all that high. The New York Times, which purchased the Boston Globe back in 1993, is going to be taking a very larg...


Markets Tank As Fed's Easy Money Policy Seen Coming to an End

The markets were rocked for the second straight day as investors continue to come to terms with the fact that the Federal Reserve will likely be drawing their $80 billion/month bond buying spree to a ...


Facebook Faces Its Shareholders At First Annual Meeting

Facebook held their first ever annual shareholder meeting earlier today, with CEO Mark Zuckerberg being pressed on a number of different issues, including the company's ailing share price. Shares ...


Tim Cook Turns In His Best Performance as CEO of Apple

Tim Cook officially started his role as CEO of Apple, Inc. on August 24th, 2011. Cook had some pretty big shoes to fill, as he was taking over the role left by Steve Jobs, who is one of the most h...


Apple Sells $17 Billion Worth of Bonds

According to Bloomberg and the Wall Street Journal, Apple completed the largest corporate bond offering on record this afternoon, as they successfully issued $3 billion of floating-rate notes and $14 ...


Markets Momentarily Tank Due To Fake Tweet

Earlier today, at a few minutes past 1 pm EST, the markets quickly tanked thanks to a fake Tweet that was posted on the Associated Press Twitter feed. The fake Tweet said this: "Breaking: Two E...


First Look at Q1/2013 GDP Data Set For This Week

The Commerce Department is soon going to give us our first look at how the US economy performed during the winter months, as they are set to release their first estimate on Q1/2013 GDP growth on Frida...


Apple Continues Its Freefall

Shares of Apple continued their freefall on Wednesday, momentarily dipping below $400 before closing the session at $402.80. Over the span of just seven short months, shares of Apple have traded d...


"Irrational Exuberance" In The Markets Now? Greenspan Says No

Earlier today, the Dow Jones Industrial Average snapped a string of ten straight days in which the index closed higher than the day before. As a whole, the markets are very strong at the moment, w...


Dow Surges To All-Time High

The DJIA (Dow Jones Industrial Average) closed at 14,253.77 today, which is a new all-time high for the index. The previous all-time high, which was reached in 2007, stood for nearly six years. Al...


The Week In the Markets: Apple Drops, Netflix Surges

The major market indexes kept marching forward this past week, with the S+P 500 and DJIA now within striking distance of their all-time highs. The NASDAQ has been marching higher as well, but is still...


Apple At Risk of Losing Title of World's Most Valuable Company

It wasn't that long ago when Apple Inc. was valued at more than $650 billion. As a matter of fact, it was mid-September of last year. Who would have guessed that in less than 4 1 /2 months, Apple ...


Shares of Apple Now Down Over $200 From All-Time High

The tech world was turned upside down today after Dell traded almost 13% higher on rumors that the company was considering going private. Shares of Apple, which has basically gone straight up over the...


Money Poured Into Equity Mutual Funds in First Week of January

According to research firm EPFR Global (via Bloomberg.com), equity mutual funds posted their second highest weekly inflow on record during the first week of January. According to EPFR Global, a st...


Shares of Facebook Continue To Recover

You all surely remember the tumultuous first few months of Facebook's time as a publicly traded company. There was the massively botched initial public offering that spawned numerous lawsuits. The...


What's Wrong With Apple?

Another day, another red session for Apple Inc. (AAPL) Apple closed down 11.26 points (-2.10%) today to close at $525.62. Following today's loss, Apple is now down over 25% from its all-time high o...


NYSE, NASDAQ To Remain Closed on Tuesday Due To Hurricane Sandy

If you woke up on Monday morning and checked to see how your stocks were performing, you probably noticed that nothing on the major US stock and options exchanges traded on Monday. The reason? Hur...


Oops! Google Halted After Q3 Earnings Results Released Four Hours Early

It's quite something when a $225 billion company has its shares halted in the middle of a trading session, but that's exactly what happened with Google earlier today. Here is what happened: Goo...


Facebook Turns In First Green Week Since IPO

Mark Zuckerberg will be able to sleep just a bit easier this weekend, as it appears as though the decline in shares of Facebook has been halted, at least for now. Facebook had their IPO (initial p...


Best Online Brokerages

One of the questions that I am most commonly asked is - what is the best online brokerage? My answer - it depends on what you are looking for. Here are four brokers that I think at least warran...


Facebook, Zynga and Groupon - The Three Horsemen of Underperforming Tech IPOs

Facebook, Zynga and Groupon - if you received shares of any of these three companies in their initial public offerings (IPOs) and are still holding, you are not very happy right now. If you bought...


Facebook Drops 11% on Second Day of Trading

Facebook closed down 11% on its second day of trading today and is now trading nearly $4 below its initial offering price of $38 (FB closed at $34.03 today). Today's price action was hardly a surp...


Dud: Facebook Closes Just Above IPO Price

Massive hype. Massive volume. A disappointing close. After YEARS of anticipation, shares of Facebook finally started trading on the NASDAQ earlier today. Facebook ended up pricing their in...


Scott Thompson Removed as CEO of Yahoo!

The answer to the question "Will Scott Thompson be able to turn around Yahoo!" will never be answered, as Thompson has been removed as the CEO of the company after just a scant few months on the job. ...


"Weaker Than Expected" Demand For Facebook IPO?

According to Bloomberg News (via Businessweek.com), Facebook's upcoming initial public offering is generating "lower-than-expected" demand from institutional investors. According to the report, in...


Oops! Yahoo's New CEO Caught Lying About His Resume

Yahoo! is scrambling this evening to recover from yet another embarrassing gaffe after CEO Scott Thompson was caught lying about his resume. Earlier today, activist investor Dan Loeb (who runs Thi...


A Mountain of Gadgets: Apple Sold Nearly 60 Million Devices in Q2

Are sales of the iPhone slowing down, as some analysts have warned in recent weeks and months? Doesn’t look like it. Apple released their Q2/2012 earnings figures earlier today, and, as expect...


Zynga and Groupon - Two Badly Broken IPOs

Two recent high profile tech IPOs (initial public offerings), Zynga and Groupon, are getting bruised and battered on a seemingly daily basis. If you managed to grab some shares of either company in...


Facebook Makes a Splash, Purchases Instagram For $1 Billion

Earlier today, Facebook announced that they had purchased Instagram for $1 billion in cash and stock. Instagram is a photo-sharing application/social network that allows you to take a picture with...


A $100 Billion Question Will Be Answered on Monday Morning

Early Monday morning, a $100 billion question will be answered - what is Apple going to do with their swelling cash horde? At the end of last year, Apple held a staggering $97.6 billion (that's BIL...


Good Times: Insider Stock Sales at Highest Levels Since December 2009

In totally unsurprising news, the pace of insider stock sales at US companies has ramped up thanks to a surging stock market. According to TrimTabs Investment Research (via Bloomberg.com), US comp...


Apple: We’ve Created or Supported More Than 500,000 Jobs For U.S. Workers

When you are a company with a market capitalization of over half a TRILLION dollars, criticism over your business practices will be virtually impossible to dodge. Apple has done a stellar job of m...


Will Apple Be The First Trillion Dollar Company?

Apple soared past the $500 mark earlier today (Monday) to close at $502.60. Apple Inc., which has been on an unbelievable roll over the past 4-5 years, is now worth $468.61 billion. Apple is the w...


If You Want Your Portfolio to Outperform, Become a Member of Congress

It surprises many people to find out that the insider trading laws that apply to Joe and Jill Average don’t apply to members of Congress. According to Robert Khuzami, Enforcement Division Director...


Credit Suisse: Bank of America Getting Crushed by New Regulations

According to Credit Suisse analyst Moshe Orenbuch, Bank of America has been the hardest hit (by far) of the largest US banks due to new regulations which include Regulation E and the Durban Amendment....


Where's The Santa Claus Rally?

December is now more than half over, and the traditional "Santa Claus rally" is looking more and more unlikely by the day. What is the "Santa Claus rally"? The "Santa Claus rally" represents th...


The Big Tank: Groupon in Free Fall Mode

Groupon traded down over 15% today to close at $16.96, well below its initial public offering (IPO) price of $20. Is anybody at all surprised? Groupon is now trading at almost 50% of its all-ti...


Warren Buffett Finally Bites on Technology

Warren Buffett has famously avoided taking positions in technology companies. "I only invest in businesses that I understand," Buffett is fond of saying. The "Oracle of Omaha" has publicly profess...


No More! Bank of America Throws In The Towel on Monthly Debit Card Fee Plan

After a massive public outcry and incredible damage to their brand, Bank of America has capitulated and is scrapping plans to implement a monthly $5 fee for debit card use. The move from Bank of A...


The Apple Juggernaut Rolls On

At the end of 2008, a single share of Apple Inc. would have cost you about $90. Just 2 1/2 years later, and a single share of Apple Inc. will run you about $400. The Apple juggernaut rolled on...


More Facebook Nuttiness..

Earlier today, a company named GSV Capital Corp (GSVC on the NASDAQ stock exchange) revealed that they had purchased 225,000 shares of Facebook at a price of $29.28/share via a "private secondary tran...


Facebook/Google Rivalry Turns Nasty

The technology sector has had its share of interesting rivalries over the years. Microsoft vs Oracle. Microsoft vs Apple. Google vs Microsoft. The list goes on and on. Some of the rivalries have taken...


Buffett's Big Goldman Score

At the height of the financial meltdown of 2008, Berkshire Hathaway made a $5 billion investment in Goldman Sachs that was a major vote of confidence for the reeling financial firm. Earlier this w...


Facebook Now Valued at Around $79 Billion

Remember back in October of 2007 when people were laughing at Microsoft for buying a 1.6% stake in Facebook for $240 million? That deal is looking pretty savvy for Microsoft now, as their stake in ...


The US Economy Grew Slower Than Expected In The Fourth Quarter

The Bureau of Economic Analysis (BEA) of the Commerce Department just announced that US real gross domestic product grew at an annualized rate of 2.8% during the fourth quarter of 2010. In late Ja...


Warren Buffett Continues To Take The Axe To Berkshire Hathaway's Portfolio

Does Warren Buffett think that stock market valuations are too high right now? Berkshire Hathaway's actions over the past few quarters would certainly seem to indicate so. Berkshire Hathaway conti...


Credit Card Debt Ticks Up in The United States After a Long Ride Down

According to the Federal Reserve, total revolving consumer credit outstanding in the United States ticked higher in December 2010 for the first time in 27 months. According to the Fed, total outst...


Apple Shareholders Get Taken For a Ride on Tuesday

Apple shareholders got taken for a ride on Tuesday - and by ride, I mean a rollercoaster ride. Let's say that you decided to pick up some shares of Apple just before the close on Friday afternoon ...


Bono Hits Home Run With Facebook Investment

Elevation Partners, which was founded by U2 frontman Bono and Roger McNamee, has had its share of ups and downs since its inception in 2004. The private equity firm was almost universally derided ...


Nervous Gains for the Markets in 2010

If you had been marooned on an island somewhere over the past few years and heard that the three major US market indexes (DJIA, NASDAQ, S+P 500) had all posted double-digit percentage gains in 2010, t...


Netflix vs T2 Partners LLC

A good rule of thumb that has served me well over the years - if the CEO of a company that you own shares in publicly responds to a short seller, then it is usually a good idea to go ahead and at leas...


It's a New World: Netflix Heading Into the S+P 500, New York Times on the Way Out

The world is changing each and every day, and the recently announced changes to the S+P 500 are clear evidence of that. Netflix, which was seen by many as possessing a laughable business plan when...


What Recession? Americans Bust Open The Pursestrings on "Black Friday"

For at least one day, people across the United States forgot about the depressed economy and spent like it was 2007. The final "Black Friday" numbers aren't in as of yet, but eyewitness accounts f...


Has Warren Buffett's Successor Been Found?

Who will receive the keys to the Berkshire Hathaway castle after Warren Buffett retires or passes away? Who will be the person that takes over the reins of Berkshire Hathaway from arguably the greates...


Is Political Gridlock Good For The Markets?

The US midterm elections are now just a few weeks out. At this point, the likely outcome seems to be that the Republicans will take over control of the House of Representatives, while the Democrat...


Dow 38,820?

According to Jeffrey A. Hirsch, editor in chief of the "Stock Trader's Almanac", the Dow Jones Industrial Average will "surge" to 38,820 by 2025. This would represent an increase of 250%+ over jus...


Are Institutional Investors Giving Up on RIMM?

RIMM (Research In Motion) has been making headlines over the past couple of days due to the fact that a couple of analysts have stepped out and slapped the company with "sell" ratings. Colin Gilli...


Outstanding Consumer Revolving Credit Declines For the 24th Straight Month

According to the Federal Reserve, outstanding consumer revolving credit balances declined for the 24th straight month in July. In August of 2008, outstanding consumer revolving credit hit a high o...


Unemployment Rate Ticks Higher to 9.6% In August

The August unemployment numbers were released by the BLS (Bureau of Labor Statistics) earlier today. The national unemployment rate ticked higher to 9.6% in August, up from 9.5% in July. Nonfarm p...


Institutional Investors Snapped Up Shares of BP During The Second Quarter

The second quarter of 2010 started like any other for BP plc (BP). On April 1st, 2010 (the first day of the second quarter), BP opened at $57.45 per share. By June 30th, 2010 (the end of the s...


Small Investors Are Staying Away From Equities

According to the Investment Company Institute (via the New York Times, links to both below), investors withdraw a "staggering $33.12 billion from domestic stock market mutual funds in the first seven ...


Germany Rolling While Other Major Economies Continue to Struggle

According to Bloomberg.com, Germany's gross domestic product (GDP) surged an unbelievable 2.2% in Q2, which is the fastest pace of growth for the country since its reunification nearly twenty years ag...


Tony Hayward Officially Out as CEO of BP

In conjunction with the release of their Q2 earnings numbers, BP announced earlier this morning that current CEO Tony Hayward has agreed to step down from his post on October 1st. BP Managing Dire...


Goldman Sachs Scores Big Victory With $550 Million Settlement

Could a $550 million settlement actually be good news for a company? In the case of Goldman Sachs, yes. Shares of Goldman Sachs were sent soaring earlier today after word leaked that the company...


Microsoft's Bing Search Engine Is On The Rise

According to Informationweek.com (via Experian Hitwise), Microsoft’s Bing search engine captured 9.85% of all US searches in June, up from 9.23% the month before. Google, which is the 800 pound go...


Tesla Motors Continues To Wilt After Impressive IPO Debut

It wasn’t that long ago when it would have cost you over $30 to buy one share of Tesla Motors (TSLA). As a matter of fact - it was only last week. As years of slow build-up, Tesla Motors final...


BP Using The Internet To Perform Damage Control

If you do a search for "oil spill" (or something similar) on either Google or Yahoo!, you will likely be greeted by a paid advertisement from BP. These ads point to a Youtube.com page (BPplc's Cha...


Elon Musk's Crazy Ride

When the "Iron Man" movie franchise was first being conceived by Jon Favreau, he reportedly wasn't sure how to make the main character, Tony Stark, "come to life." Favreau asked Robert Downey Jr., ...


Which Institutional Investors Had The Best and Worst Timing on BP?

As you are probably already aware, BP started to melt down shortly after the end of the first quarter. Since March 31st, 2010, BP's share price has fallen over 50%, and tens of billions of dollars...


Sell in May and Go Away?

There is an old saying in the stock market that goes: “Sell in May and Go Away” The saying means that an investor should consider selling all of their stocks in May, only to re-buy later in the ...


Bill and Melinda Gates Foundation Trust Owned 7,133,000 Shares of BP at End of Q1/2010

Of the 97 hedge funds, foundation trusts, endowments and other assorted companies that we track in our database, nobody owned more shares of BP plc than the Bill and Melinda Gates Foundation Trust at ...


Apple Is the New King of the Technology Sector

Earlier this week, Apple passed Microsoft to become the most valuable technology company in the world. Thanks to yet another strong week for Apple, the company now has a valuation of about $233.7 ...


The One Stock That the Bill and Melinda Gates Foundation Trust Purchased Last Quarter Was..

The Bill and Melinda Gates Foundation Trust, which was set up by Bill Gates and his wife Melinda to help deal with some of the world's most pressing issues (disease, poverty, etc), purchased one new p...


The Five Most Volatile Days in the History of the Dow Jones Industrial Average

On May 6th, 2010, the Dow Jones Industrial Average (DJIA) dropped as much as 1000+ points during intraday trading. While this certainly FELT like the most volatile day in the history of the Dow Jo...


Did One Trader Sink the Markets Last Week?

The investigation into why the markets fell so violently last Thursday continues. At first, it was thought that the cause of the market crash (the DJIA fell about 1,000 points intraday, catching p...


The Incredible Goldman Sachs Profit Machine

According to a SEC filing released earlier today, Goldman Sach Group Inc.'s traders made a total of $9.74 BILLION in net revenues in Q1/2010. This number works out to a total of 76% of the company's f...


Did a Citigroup Trader Cause the Market Drop Today?

May 6th, 2010 seemed like it would be just another ordinary spring day on Wall Street. The DJIA, which has been retreating as of late, gapped down an insignificant 6 points (from its close of 10,8...


Warren Buffett: No Plans to Sell Goldman Sachs Stake

If you thought that the SEC's recent civil lawsuit against Goldman Sachs would convince Warren Buffett to sell Berkshire Hathaway's stake in the company, then you thought wrong. If you thought tha...


Is Goldman Going To Settle?

According to an article posted on the New York Post web site earlier today, "sources familiar with the matter" indicate that Goldman Sachs may "soon" settle its fraud case with the SEC. On April 1...


The SEC's Bounty Program Has Paid Out An Average of $7,597 Per Year Since 1989

Earlier this week, SEC Inspector General H. David Kotz released a 40-page report titled "Assessment of the SEC's Bounty Program". I have linked to this document below. In this report, Kotz analyze...


Yahoo! Throws In The Towel on Its Publisher Network

Yahoo's Adsense clone, otherwise known as YPN (Yahoo! Publisher Network), has been officially shuttered by the company. This is just another chapter in Yahoo's slow and steady march into irrelevan...


Government To Begin Selling Their Citigroup Common Shares

According to various published reports, the US Treasury Department has officially set the wheels in motion regarding the sale of their $32 billion stake in Citigroup. The government has hired Morg...


TheStreet.com Under Investigation By The SEC

Thestreet.com announced earlier today that they would be delaying the filing of their annual report due to an investigation by the SEC. The Notification of Late Filing for their Form 10-K included...


Apple Has Nearly Reached "Mega Cap" Status

"Mega cap" status is a very exclusive club. In order to be considered a "mega cap" (as opposed to a "large cap"), a company needs to have a total market cap of $200 billion or more. As of righ...


Highlights From the 2009 Berkshire Hathaway Annual Shareholder's Letter

Berkshire Hathaway Inc. released their annual shareholder letter earlier today. The shareholder letter was signed by Warren E. Buffett, Chairman of the Board of Berkshire Hathaway, on February 26t...


Wall Street Bonuses Over the Last 20 Years

The Wall Street Journal (link below) recently published a pretty eye-opening chart that illustrates just how fast Wall Street bonuses have risen over the past 20 years. In 1990, Wall Street firms ...


Which US Equities Does China Currently Own?

According to the New York Times (link below), China's sovereign wealth fund, China Investment Corporation, purchased more than $9 billion dollars worth of US equities last year. Now, this is just ...


Timothy Geithner: The United States Will "Never" Lose Its Aaa Debt Rating

In an ABC News interview earlier today, Treasury Secretary Timothy Geithner claimed that the United States will "never" lose its pristine Aaa credit rating. When asked if the possibility of a rati...


Apple vs Amazon - Who Wins?

There is currently a tit-for-tat battle being fought between Apple and Amazon in the war for E-book reader / tablet supremacy. On one side you have Amazon, which is the maker of the phenomenally s...


Is Lloyd Blankfein The $100 Million Man or Not?

Earlier this week, the Times Online published an article titled "Goldman Sachs and the $100 Million Question" which generated a great deal of buzz throughout the financial world. The article claim...


It's Kindlemania

Amazon has been notoriously tight-lipped (so far) as to how many of their popular Kindle devices have been sold, but this information has now started to leak out. It started in the company's Q4 ea...


Apple Expected to Unveil the "iSlate" Later This Week

The "iSlate"? The "Apple Tablet"? The "iPad"? There is no telling what Apple's new tablet computer will officially end up being called, but one thing is for sure - it will be unveiled to the world ...


Where is the Insider Buying?

Zerohedge.com (link below) posted an article earlier today titled "Insider Selling Outpaces Buying by 24 Times in Last Week". In the article, the author points out that insiders bought just $18 mi...


WSJ - Compensation at Major US Financial Companies Set to Top $140 Billion Dollars in 2009

A study done by the Wall Street Journal shows that the top 38 financial companies in the United States are expected to pay out roughly $145 billion dollars in total compensation for 2009. This wou...


Breaking Down the December Unemployment Numbers

The unemployment numbers for December were released earlier today, and most investors ended up yawning at the news. The official unemployment rate for December (10.0%) was unchanged from November,...


10 Years Ago Today..

Ten years ago today.. Ten years ago today, the DJIA (Dow Jones Industrial Average) was sitting at 11,497.12. Today, the DJIA is sitting at 10,428.05. Ten years ago today, the NASDAQ was sitting...


When Will China Become the World's Largest Economy?

Earlier this week it was revealed that China had very likely passed Japan to become the second largest economy in the world. This was originally expected to take place in 2010, but thanks to highe...


China: "Impossible" For Foreign Governments To Double Their Holdings of US Treasuries

The United States currently possesses a total national debt load of just over $12 trillion dollars ($12,097,698,782,543.93 to be exact). According to various estimates, the country will have aroun...


Not a Good Couple of Months For Citigroup's Largest Shareholder (The US Government)

The US government currently owns a massive 7.7 billion share position in Citigroup. These common shares, which were obtained in exchange for $25 billion dollars worth of TARP funds, were obtained ...


Treasury Pulls Plug on Immediate Sale of Citigroup Shares

Earlier this week, the Treasury Department made it known that they would be selling as much as $5 billion dollars worth of their common shares of Citigroup, in conjunction with the company's large pub...


Report: Citigroup Close To Repaying TARP Money

According to published reports, Citigroup Inc. is close to reaching an agreement with the Treasury Department and regulators that would allow it to repay $20 billion dollars worth of bailout funds. ...


Banker Bonus Tax Unleashed In the UK

The new "banker tax" that went into effect in the United Kingdom yesterday has sparked a tremendous amount of debate throughout the entire world. Some are saying "it's about time", while others ar...


"Pay Czar" Kenneth Feinberg Will Exempt Some AIG Executives From Salary Cap

Kenneth Feinberg, who is the Obama administration's "special master for executive compensation", will reportedly exempt certain AIG executives from a $500,000 per year salary cap, according to Bloombe...


Timothy Geithner: No Bank Would Have Survived 2008 Meltdown Without Government Intervention

Treasury Secretary Timothy Geithner recently publicly refuted comments from a couple of high-ranking Goldman Sachs' executives who had claimed that their firm could have survived the 2008 financial me...


Peter Schiff: Gold Could Reach $5,000

Are you a gold bull? If so, then you are most likely a fan of Peter Schiff. Schiff, president of Euro Pacific Capital, appeared on CNBC earlier today to reiterate his position that the price of go...


Is Bank of America Next To Exit The TARP Program?

According to CNBC's Charlie Gasparino, Bank of America will be repaying $45 billion dollars to the government and officially exiting the TARP program. If this news is true, then Bank of America (B...


Should Ben Bernanke Receive a Second Term As Fed Chairman?

Federal Reserve Chairman Ben Bernanke will testify in front of the Senate Banking Committee on Thursday, which is the first step towards an expected confirmation of a second four-year term. Bernan...


The Nine Billion Dollar Check

What is the biggest check (in US dollars) that has ever been written and cashed? I'm not entirely sure as to what the answer to this question is, but I do know that the check written by Mitsubishi...


Black Friday Results: Droves of Bargain Hunting Consumers Spent Less Money

According to the National Retail Federation, "Black Friday" shoppers turned out in droves this year, but were only willing to open their wallets/purses if they saw a deal that was too good to pass up....


The Criticism of Timothy Geithner Continues

It has not been a good couple of weeks for Treasury Secretary Timothy Geithner. A report was recently released by special inspector general Neil Barofsky, who was charged with the task of reviewin...


Rupert Murdoch vs Google

Rupert Murdoch, to put it bluntly, is extremely pissed off at Google. In case you didn't know, Rupert Murdoch is the founder, chairman and major shareholder of News Corporation. News Corporation i...


Goldman Sachs: "We Apologize"

Goldman Sachs is not exactly a darling in the eyes of the public right now. Many people feel as though Goldman Sachs is a company with no conscience that was partially responsible for the near-col...


It's a Great Time to Be An Employee of Goldman Sachs

According to a recent article on Bloomberg.com (link below), Goldman Sachs has set aside an astonishing $16.7 billion dollars for "compensation and benefits" for the first three quarters of 2009. ...


James "Jim" Simons To Retire from Renaissance Technologies

The Wall Street Journal (link below) is reporting that James "Jim" Simons will be retiring as CEO of Renaissance Technologies at the beginning of 2010. In a letter to investors that was sent out t...


Citigroup Dumps Phibro (and Andrew J. Hall)

Citigroup unloaded a major headache on Friday when they agreed to sell their Phibro trading unit to Occidental Petroleum for a reported $250 million dollars. Was Phibro some sort of a money-losing...


Saudi Arabia, Japan Among Countries Denying Knowledge of "Secret" Oil Deal

An article was published on The Independent (link below) earlier today that sent shock waves throughout the financial world. The article, which was titled "The End of the Dollar Spells the Rise of...


Banking Executive Uses "Borrowed" Foreclosed Mansion to Live, Throw Parties

According to an article on Yahoo! Finance (link below), a high-ranking executive at Wells Fargo & Co. temporarily moved into a foreclosed Malibu beach house worth $12 million dollars, using it to thro...


Geithner Gets Grilled

Treasury Secretary Timothy Geithner recently agreed to participate in an interview format called the "Digg Dialogg". "Digg Dialogg" is a partnership between the Wall Street Journal (WSJ) and Digg.c...


AIG's New CEO, Robert H. Benmosche, To Receive $7 Million a Year In Compensation

Bloomberg (clip below) is reporting that the new CEO of AIG (American International Group) will receive $7 million dollars per year as part of his compensation package. Robert H. Benmosche will rep...


Goldman Sachs CEO to Employees: No Big Purchases Please

The New York Post reported earlier today that Lloyd Blankfein, the CEO of Goldman Sachs, advised his employees to "avoid making big-ticket, high-profile purchases". Goldman Sachs set aside billions...


Andrew J. Hall: Where's My $100 Million?

An interesting showdown is shaping up between the head of a lucrative trading unit at Citigroup and the US government. Multiple reports have Andrew J. Hall, head of Citigroup's lucrative "Phibro" e...


Warren Buffett Up $2.6 Billion Dollars on Goldman Sachs Investment

Remember when everyone was laughing at Warren Buffett's five billion dollar investment in Goldman Sachs? Remember, just a few short months ago, when people were openly questioning whether Warren Bu...


Tradeking Review

Click Here to Apply for a Tradeking Account In these trying economic times, you really can't afford to put your hard-earn...


General Motors Briefly Trades at $1

General Motors (GM) briefly traded at the $1 mark earlier today before recovering and trading higher. This was yet another sad event for General Motors, a company that used to be one of the most re...


April U-3 Unemployment Rate Comes in at 8.9%; U-6 Rate at 15.8%

The markets are rallying this morning after the April unemployment numbers were "better than expected". Market watchers were cheering the fact that the pace of job losses seems to be slowing, as "o...


Optimism Abound As Markets Tick Higher

Is the recession over? Many investors certainly seem to think so, as the markets have been on an absolute tear over the past couple of months. The S&P 500 has turned positive in 2009. The Dow Jo...


Warren Buffett Speaks

The spotlight was on Warren Buffett this weekend as the much-revered investor spoke at the annual Berkshire Hathaway shareholder meeting. Many people were interested as to what Buffett would have t...


Credit Card Interest Rates Continue To Trend Higher

It's not your imagination, and it's not just you. Credit card interest rates are, for the most part, trending higher across the board. This comes despite the fact that interest rates in general ...


More Bank Stress Test Leaks

Bloomberg.com is reporting tonight that "at least" six of the 19 largest U.S. banks will require additional capital, based on the "preliminary results" of the government stress tests. Is it just me...


Jim Cramer vs Nouriel Roubini

Just a few short weeks after Jon Stewart spindled Jim Cramer on the "Daily Show", Nouriel Roubini has also taken aim at the host of "Mad Money with Jim Cramer", calling him a "buffoon". Roubini, wh...


Elizabeth Warren Throws Down The Gauntlet

Elizabeth Warren is set to release a report later this week that will call for some drastic measures to be taken in the continued battle to prevent the financial system from collapsing. Elizabeth W...


$17.2 Trillion Dollars In Total US National Debt By 2019 Under President Obama's Budget Plan?

The Congressional Budget Office (CBO) recently released a "preliminary analysis of the President's budget", and the outlook is not pretty. The CBO reviewed the "A New Era of Responsibility: Renewin...


Salaries Could Be Going Up at Bank of America

In an attempt to deflect public criticism but still retain key employees, Bank of America is reportedly considering raising salaries as a way of "rewarding people in its investment-banking unit". B...


Richard Bernstein and David Rosenberg Both Leaving Bank of America

Two of Bank of America's most respected strategists have announced their plans to leave the firm later this year. Richard Bernstein, who is currently the chief investment strategist for Merrill Lyn...


Next Bull Market May "Hinge" On The "Net Generation"? Uh Oh

Tobias Levkovich, a Citigroup Inc. equity strategist, recently opined that the next bull market in U.S. stocks may very well hinge on the "Net Generation", which consists of Americans born between 197...


AIG Bonus-Gate Continues To Heat Up

A political tsunami was unleashed against Barack Obama and the Democrats this past weekend when it was revealed that AIG had paid out approximately $165 million dollars in bonuses to employees of AIG'...


TheStreet.com CEO Thomas Clarke Hits The Eject Button

Thomas Clarke, the CEO of TheStreet.com, evacuated the company on Friday, mere hours after Jim Cramer's disastrous appearance on the "Daily Show" with Jon Stewart. Jim Cramer, who co-founded Thestr...


Dow, Rohm & Haas Merger

Deal: Dow (DOW) To Acquire Rohm & Haas (ROH) for $78 per share, plus 99 cent per share "ticking" fee Purpose of Deal: Dow sought to broaden "its product offerings ...


Ben Bernanke: "Reasonable Prospect That The Current Recession Will End in 2009"

The markets, in desperate need of some good news, finally found some on Tuesday. The major market indexes roared higher on Tuesday due to some hopeful comments from the Federal Reserve Chairman, Be...


S&P 500 Within Striking Distance of Its November Lows

The markets continued to tumble on Tuesday, as the Nasdaq, Dow and S&P 500 all closed down over 3% After a brief bear market rally, the major North American market indexes are face-to-face with the...


Goldman Sachs to Clients: Bet Against The S&P 500

According to Bloomberg.com (link below), Goldman Sachs is advising its clients to bet against the S&P 500 using a "bear put spread". A "bear put spread" is an options strategy in which a trader wil...


Would You Support a Financial Transactions Tax?

Bob Herbert wrote an op-ed piece in the New York Times yesterday titled "Where the Money Is". In the piece, Herbert talks about a "good idea" that was floated by economist Dean Baker. Baker, who...


Will The "Money on the Sidelines" Ever Return?

Stock market bulls (they are few and far between these days) don't have much in the way of a persuasive argument these days. For every reason bulls have to get excited about the stock market, bears...


Tunisia Was The Best Performing Stock Market in 2008

2008 was an absolutely horrific year for the global markets, and it should come as no surprise that the vast majority of major market indexes were down in 2008. In fact, of all of the stock markets...


Merrill Lynch CEO John Thain: I'd Like $10 Million Dollars, Please

John Thain, CEO of Merrill Lynch, has requested a $10 million dollar bonus from the Merrill Lynch compensation committee, the Wall Street Journal is reporting. The compensation committee and the en...


UBS AG Analyst David Bianco Makes "Bold" Prediction for S&P 500 Next Year

Could the S&P 500 actually trade 53% higher next year? David Bianco, a 33 year-old analyst at UBS AG, thinks so. Bianco said on Wednesday that the S&P 500 "may" rally to 1,300 by the end of 2009...


BVI Global Fund Ltd (of Tudor Investment Corp) Temporarily Suspends Withdrawals

Tudor Investment Corp. will be temporarily be suspending investor withdrawals in its mammoth $10 billion dollar BVI Global Fund Ltd. as the company seeks investor approval to split the fund into two s...


Carl Icahn Boosts Stake in Yahoo! to 5.5%

I'm not afraid to admit that I am fascinated by the Yahoo! story right now. Here is a company that spurned the aggressive advances of Yahoo! only a few months ago, only to watch their business (and...


Barton Biggs - "We Are In For the Mother of All Bear Market Rallies"

A little background on Barton Biggs before we start. He currently runs Traxis Partners, which is a hedge fund that is based in New York City. Before that, Biggs was the "chief global strategist" at Mo...


Citigroup Is Going To Have A Hard Time Finding a Buyer

In case you haven't heard - Citigroup is on the brink of collapsing. Citigroup, the massive financial conglomerate that employs hundreds of thousands of people, is currently discussing its "options...


What's Wrong with Berkshire Hathaway?

There are a few things that I'm used to. The Cubs not winning the World Series. Rain on my days off. Berkshire Hathaway being a steady ship in a sea of volatility. Something strange is happening...


101 of All S&P 500 Stocks Now Trading for Less than $10 Per Share

Want to know just how bad things are right now? I came across some interesting data earlier today that illustrates just how historically weak the major market indexes are right now. Most people ...


Mark Cuban Is Sued by the SEC

The Securities and Exchange Commission (SEC) filed a civil suit today in a federal court in Dallas, alleging that Mark Cuban made illegal insider trades 4 years ago in a company called Mamma.com. M...


Top Goldman Sachs Executives, Including CEO Lloyd Blankfein, Will Not Receive Bonuses This Year

There are going to be no Christmas presents under the tree this year for Goldman Sachs CEO Lloyd Blankfein and six other top executives at the company (just kidding). Blankfein and the six other ex...


Best Buy: "Most Difficult Climate We've Ever Seen"

Best Buy CEO Brad Anderson sounded a warning earlier this morning that sent the shares of Best Buy (and many other retailers) plummeting to the Earth - "this is the most difficult climate we've ever s...


Deutsche Bank Drops the Hammer on General Motors: "Shares are Worthless"

Deutsche Bank analyst Rod Lache added to General Motor's misery on Monday morning by proclaiming that the common shares in the company are worthless. He reduced his rating to a sell and declared that ...


Platinum Grove Asset Management LP, Another Myron Scholes Hedge Fund, Is Struggling As Well

Myron Scholes - if you follow the world of hedge funds, then that name should ring a bell. Scholes, who won a Nobel Prize in economics, was a founding partner in the now infamous LTCM fund. LTCM fa...


Jerry Yang to Microsoft: Buy Us. Please?

Is Jerry Yang the most unpopular CEO of a publicly traded technology company right now? Probably. Jerry Yang and company famously rebuffed Microsoft and Steve Ballmer earlier this year. Microsof...


Tight Credit, Low Consumer Confidence and High Gas Prices Conspiring to Destroy the US Auto Industry

General Motors and Ford just released their October sales numbers, and the data wasn't pretty. October sales for General Motors tanked 45% from October of last year, an incredibly violent drop that...


HFRX Global Hedge Fund Index Down 19.6% YTD

The HFRX (Hedge Fund Research, Inc) Global Hedge Fund Index was down 19.6% for the year as of October 30th, 2008 (link below), confirming fears that the losses sustained by the global hedge fund indus...


Where Is the Stock Market Headed in November?

One of the most volatile months in the history of the stock market is now over. October of 2008 will go down in history as one of the worst months ever for not only the US stock market, but the global...


The Mother of All Short Squeezes: Volkswagen

Volkswagen (briefly) became the most valuable company in the world on Tuesday, surging ahead of the likes of Exxon Mobil Corp., General Electric, Microsoft and others. Volkswagen closed at 210.39 e...


Can the Citadel Investment Group Survive?

This prolonged (and violent) market downturn has called into question the long-term viability of many hedge funds. Manny Roman, co-chief executive of GLG Partners, recently stated that he believes tha...


A Tale of Two Companies: McDonald's vs Starbucks

I remember reading about McDonald's and Starbucks "going to war" not that long ago. McDonald's was going to start serving gourmet coffee in an attempt to lure some of the Starbucks client base, while ...


Hedge Fund Industry Posts Worst Month Since At Least 2000

A recent article in Bloomberg (link below) pointed out that the hedge fund industry posted its worst month in September since at least 2000. The article pointed to the Eurekahedge Hedge Fund Index as ...


Christian Siva-Jothy Ignores Downturn in Hedge Fund Industry as His SemperMacro Fund Posts Large Gain in September

This is a tough time for many hedge fund managers, but not Christian Siva-Jothy. Siva-Jothy's $440 million dollar SemperMacro fund posted an eye-popping 12.3% return in September, according to t...


Warren Buffett Is Enthusiastically Bullish on US Equities

I've come to expect a few things from Warren Buffett. Fantastic annual Berkshire Hathaway shareholder letters. Incredibly consistent returns. Cautiousness when it comes to investing in equities. Even ...


Andrew Lahde Flips Wall Street The Bird, Rides Off Into Sunset

Andrew Lahde released a letter to his shareholders this week that has everyone in the hedge fund industry talking. Andrew Lahde runs (or used to run) Lahde Capital Management, a small hedge fund...


The Stock Market Crash of 1987 (Black Monday) Revisited

The North American stock exchanges have weathered a number of fierce storms during their lifetimes. You had the Great Depression. You had 9/11. You had the 1973 oil crisis and resulting dramatic spike...


Wall Street 2: "Money Never Sleeps" Reportedly on the Way

20th Century Fox has reportedly given the green-light to a sequel to the 1987 cult classic "Wall Street." The studio has obviously picked up on the fact that the general public is currently intensely ...


Some Notable Hedge Fund Heavyweights, Including Steven Cohen of SAC Capital Advisors, Liquidated Many of Their Positions in Recent Days

Many people figured that last week's bloodbath was helped along by many hedge funds liquidating equity positions due to redemption demands. An article out on WSJ.com tonight (link below) explains that...


Historic Stock Market Volatility Leads to One of the Biggest One-Day Rallies in Wall Street History

The major North American market indexes posted some of their biggest one-day gains ever on Monday as optimism returned to the markets and stocks roared higher. The Dow Jones Industrial Average soared ...


Goldman Sachs Turns Bearish On Oil, Calls For Year-End Price of $70 A Barrel

Goldman Sachs, a long-term oil bull, has turned bearish on oil and other commodities, at least for the short-term. Their commodity markets research team, led by Jeffrey Currie, has published a report ...


FOX Business Network (FBN) Going After Jim Cramer Hard During Market Meltdown

Fox Business Network (FBN) is attempting to use the recent market meltdown to convert CNBC viewers to their network. They have launched an extremely aggressive marketing campaign in recent weeks that ...


Will Morgan Stanley / MUFG (Mitsubishi UFJ Financial Group) Deal Go Through as Planned?

The Morgan Stanley / MUFG deal was the talk of the trading floor on Friday. On September 29th, MUFG agreed to buy a large 21% stake in Morgan Stanley. The deal called for a $3 billion dollar purchase ...


2008 Is On the Verge of Becoming the Worst Year Ever for the Nasdaq Composite

The Nasdaq was founded in 1971 by the National Association of Securities Dealers. Over the past 10-15 years, the Nasdaq has become arguably the most-watched stock exchange in the world, due to its inc...


The Worst Years in the History of the Dow Jones Industrial Average

2008 is certainly shaping up to be a horrendous year for the Dow Jones Industrial Average (DJIA). The credit markets have seized up, banks aren't lending to each other and consumers are starting to dr...


Aggressive Interest Rate Cut by Australia's Central Bank Likely Start of Coordinated Global Rate Cuts

Wondering why Asian markets are rallying tonight after the DJIA and Nasdaq were slaughtered on Monday? Australia's Central Bank cut its benchmark interest rate by one full percentage point tonig...


Neel Kashkari, 35 Year Old Advisor To Henry Paulson, To Oversee $700 Billion Dollar Bailout Program

According to an article in the Wall Street Journal, 35 year-old Neel Kashkari is being tapped by Henry Paulson to "oversee the $700 billion dollar program to buy distressed assets from financial insti...


What Now for the Financial Markets?

It's Friday evening. The $700 billion dollar bailout (actually, it's more than that, but whatever) has now been passed by both the Senate and the House of Representatives and signed into law by Presid...


The Stock Market Plunge on Monday Changed Many People's Minds About the Bailout

As Washington toiled to come together to create a workable $700 billion dollar bailout bill this past weekend, many Americans voiced their firm opposition to the plan. Many people questioned "why they...


Five of the Biggest One-Day Drops in the History of the Nasdaq

Like any other exchange in the world, the Nasdaq has seen its share of incredible highs and depressing lows. At this moment in time, investor confidence may be the lowest it has ever been for a very l...


The Church of England Attacks Short-Sellers and Debt Traders

It's just not a fun time to be a short-seller right now. Financial markets worldwide are imploding, and more and more people are pointing their fingers of blame at one source: short-sellers. In the ey...


Why Is IBM On the Prohibited Short Sale List?

On September 24th, 2008, a number of companies (twelve in total) were added to the list of NYSE companies that are on the banned short sale list. These companies included H&R Block, Credicorp, Arbor R...


Warren Buffett Scores Sweetheart Goldman Sachs Deal

Warren Buffett continued his buying rampage on Tuesday by securing himself and the rest of the Berkshire Hathaway shareholders a sweetheart deal with Goldman Sachs.

The deal will see Warre...


Ragingbull.com Relaunches In Midst of Crippling Market Meltdown

Ragingbull.com, an online stock market community that was launched during the dot com boom of the late 1990s, announced today that they had relaunched. The site set out a mass email today, extolling t...


Proposed Federal Bailout Numbers: Nearly $2 Trillion Dollars and Counting

We are living in extraordinary times right now. College students will be studying the events from 2008 in economics classes 20-30 years from now. Some people don't understand the sheer magnitude of wh...


SEC To Temporarily Ban ALL Short-Selling?!?!

There is an article out on WSJ.com tonight (link below) with the title "SEC Plans to Temporarily Ban Short-Selling." I read and re-read the article, and my eyes still can't believe what they are readi...


Warren Buffett Putting Berkshire Hathaway Money to Work In Face of Crumbling Market

Warren Buffett has long been lamenting the lack of attractive investment opportunities in the overheated US markets. Buffett was forced to travel overseas to look for places to invest Berkshire Hathaw...


Financial Sector Has Lost Well Over a Trillion Dollars In Market Capitalization Since October of 2007

I was scrolling through TechCrunch and noticed an article on their site titled "The Mess on Wall Street: Four Trillion Dollars Down the Drain." The article linked to a New York Times graphic that illu...


The SEC Drops the Hammer on Naked Short Selling

The SEC announced today that they took "coordinated actions to strengthen investor protections" against naked short-selling. These new regulations (well, not really new) will apply ...

Government To Provide Secured Loan to AIG and Take an 80 Percent Stake in the Company

Another day, another government bailout. Reports are circulating that the Federal Reserve will be providing an $85 BILLION dollar bridge loan (that's billion) to AIG and will also be taking an 80% ...


The Stock Market Goes Into Complete Meltdown Mode on Monday

Investors didn't react favorably (obviously) to news out over the weekend that Lehman Brothers was going to be filing for bankruptcy. Not only that, but Merrill Lynch agreed to be bought out by Bank o...


Merrill Lynch Agrees to Buyout From Bank of America; The Financial Landscape Continues to Abruptly Change

What a weekend! Lehman Brothers is on the brink of a disastrous bankruptcy; American International Group is likely going to undertake major asset sales in order to keep the company solvent; and now Me...


Lehman Brothers on the Verge of Bankruptcy

Who would have ever thought that Lehman Brothers would be on the verge of declaring bankruptcy? This is looking like a very real possibility on Sunday night, as an emergency meeting between Federal...


RK Capital Management LLP Down As Much as 30% in August

According to an article that was recently published on Bloomberg (link below), RK Capital Management's various funds fell as much as 30% in August, mainly due to a rapid drop in the price of aluminum ...


How Pissed Off Are Yahoo Shareholders Right Now?

Yahoo shareholders are surely looking on in disbelief as their investment plummets on an almost-daily basis. Thursday was more of the same, as Yahoo traded down another 5.38% to close the session at $...


Hedge Fund Capital Inflows Have Slowed to a Trickle in 2008

Is the bloom finally coming off of the hedge fund rose? According to Wall Street & Technology (link below), capital inflows for hedge funds were a measly $16.4 billion dollars in the first quarter...


Atticus Capital Has Lost Over Five Billion Dollars in 2008

According to various sources (Forbes, Reuters and others), activist hedge fund Atticus Capital has dropped over five billion dollars so far in 2008. The company was reported to be controlling over $20...


Another Friday, Another Bank Failure; FDIC May Borrow Money from U.S. Treasury

Another Friday, another bank failure in the United States.

This time it was Integrity Bancshares Inc. of Alpharetta, Georgia. This marks the 10th bank failure of the year so far.


Nasdaq Delistings Way Up in 2008

The major stock exchanges (such as the Nasdaq and NYSE) are encountering weakness from all sides in 2008. Not only has the IPO market slowed considerably (many companies are sagely waiting until the m...


Altor Equity Partners Closes Three Billion Dollar Altor Fund III

Despite "turbulent fundraising markets", Altor Equity Partners have successfully closed their third fund, Altor Fund III, according to a press release dated August 22nd. The company was looking to rai...


Tudor Investment Tensor Fund Up Nineteen Percent YTD

Tudor Investment's Tensor Fund is currently up almost 19% YTD according to an article in the New York Post (which was subsequently confirmed by the company as being accurate). The Tensor Fund, run by ...


Harbinger Capital Partners Funds Raises Stake in Cablevision

Things are about to get a bit more interesting for Cablevision and its management - it was revealed on Friday that Harbinger Capital Partners Funds had upped its stake in the company from 4.9 to 8.1%....


Andor Capital Management LLC Shutting Its Doors

It's the end of an era as Andor Capital Management LLC has announced that it will be closing its doors in October.

According to a recent WSJ article titled "Andor Closin...


BP Capital Drops in July

BP Capital, the hedge fund run by famed investor T. Boone Pickens, suffered a 35% drop in the commodity half of its fund in July, according to a recent report in the New York Post. The article goes on...


JPMorgan Chase & Co's Thomas Lee: Stocks Will Rise "Much Higher" by End of 2008

Thomas Lee, the chief equity strategist at JP Morgan Chase & Co., has gone on record twice in the past couple of months, saying that he believes that the S&P 500 will trade "much hi...

George Bush to Ken Wilson: Treasury Secretary Henry Paulson Needs Your Help

"Is there a Goldman Sachs employee in the house?"

The Wall Street Journal (link below) recently reported that Ken Wilson (chairman of the Goldman Sachs Financial Institut...


Banks to the SEC - We'd Like Some Protection From Short-Sellers Too

Did the SEC really expect anything different?

Recently (in case you have been living under a rock), the SEC announced that they would be implemen...


SEC To (Temporarily) Halt Naked Short Selling on Freddie Mac, Fannie Mae and Seventeen Brokers

Ok, this is too funny.

The SEC announced today that short-sellers would have to "pre-borrow" stock in order to bet against the price of Freddie Mac, Fannie Mae and b...


Chinese Hedge Fund Manager Shells Out $2.1 Million for Lunch Date with Warren Buffett

Warren Buffett is without a doubt the best investor that ever lived.

But are his words of wisdom worth $2.1 million dollars? Zhao Danyang thinks so.

Buffett, as he does every ye...


Goldman Sachs Clearly Knows What It is Doing

So on May 5th, Goldman Sachs came out with a recommendation that investors should add to "U.S. financial and consumer stocks". At the time, the company increased their weighting on financial compan...


Warren Buffett: "US Already in a Recession"

In an interview published in Germany's Der Spiegel weekly on Sunday, Warren Buffett sought to douse any Memorial Day holiday cheer by proclaiming that the United States was "already in a recession". <...


Arjun Murti - The Man Behind the "Super Spike"

Arjun N. Murti has made a number of headlines over the past few years after making a couple of bold predictions regarding the price of oil.

He first made headlines ba...


Champion Air Goes Out of Business Just In Time for the NBA Finals

Big deal right? Yet another airline goes under.

If you are a sports fan, and most importantly a fan of the NBA, then it is a big deal.



Goldman Sachs: Possibility of $150-$200 Per Barrel of Oil "Increasingly Likely" Over Next 6-24 Months

A group of Goldman Sachs analysts, led by Arjun Murti, released a report today saying that there was a good chance that oil would touch $150-$200 per barrel in the next "6-24" months.


Google Rises to the Heavens After Posting Strong Q1 2008 Earnings

There was a great deal of hand-wringing before Google announced its Q1 2008 earnings on Thursday afternoon. Would the sagging world economy have a significantly negative impact on the search engine be...


$10 Per Share for Bear Stearns?

Multiple news outlets tonight are reporting that JP Morgan Chase Co. is in talks to increase its offer for Bear Stearns from $2 per share up to $10 per share. Apparently JP Morgan figures that the ...


Wall Street Job Market Falling Apart

Given the turmoil in the financial services market, now is not a good time to be a newly-graduated MBA holder, looking for a job on Wall Street. With many hedge funds going belly-up and the bottom ...


Endeavor Capital Loses 27% In One Day

According to the Financial Times, Endeavor Capital, a three billion dollar London-based hedge fund, lost more than a quarter of its value in one day. This drubbing occurred on Monday, the same day tha...


V (Visa) IPO Prices; Set To Open For Trading on Wednesday

The hotly-anticipated V (Visa) IPO has priced tonight at $44 per share, and will open for trading on the New York Stock Exchange on Wednesday morning. Visa is going public in the midst of some pret...


Barton Biggs of Traxis Partners LLC Predicts 1,000 Point Uptick in the Dow

These are certainly interesting times on Wall Street right now. On Friday, Bear Stearns nearly collapsed after a liquidity crisis. To say that Wall Street, and the rest of America, is jittery would...


Paulson and Co. Continues Their Red-Hot Run

If you thought that Paulson and Co. was destined for a let-down after 2007's massive year, then John Paulson would like to tell you that you are wrong so far. Paulson and Co. hit it out of the park...


Carlyle Capital Corporation Gets Pounded After Failing to Meet Margin Calls

Carlyle Capital Corporation touched off a wave of selling on Thursday, especially in mortgage real estate investment trusts, after the company failed to meet some of its margin calls and received a de...


Focus Capital is the Latest Hedge Fund Casualty

Focus Capital, a one billion dollar hedge fund (or at least, it used to be a one billion dollar hedge fund) based out of New York, announced that it was going to be liquidating its portfolio and shutt...


Is Thornburg Mortgage In Danger of Falling into Bankruptcy?

It certainly hasn't been a good couple of weeks for Thornburg Mortgage. Their stock, trading at almost $12 just a few short weeks ago, continued to plummet on Monday after the company announced tha...


Blue River Asset Management Avoids Collapse By Raising $100 Million in New Capital

Hedge fund firm Blue River Asset Management managed to avoid the fates of several other prominent hedge funds (as in, total collapse) by raising $100 million in new capital from existing and new inves...


Phil Goldstein of Bulldog Investors Fund Challenging SEC on Hedge Fund Advertising Laws

Phil Goldstein of the Bulldog Investors Fund is preparing to take on the SEC over the coming weeks over the SEC's stance regarding hedge funds soliciting money from the public (or not being able to, a...


One Man's Pain is Another Man's Gain; Pimco Looking to Swoop in and Buy Mortgage and Municipal Debt

Over the past week or so, we've heard of three different situations in which companies have had to dump high-quality assets such as municipal bonds and mortgage loans because of forced margin calls. ...


Peloton Partners LLP Asset Seizures A Sign of Things to Come for Hedge Funds?

Yesterday we told you that Peloton Partners had decided to shut down their "ABS Master Fund", a fund that had bet against the subprime credit market and had made over 87% for its shareholders last yea...


Peloton Partners LLP To Shut Down ABS Fund; Halts Redemptions for Multi-Strategy Fund

Another day, another hedge fund casualty. Today, the Wall Street Journal and Reuters both announced that Peloton Partners LLP would be closing its $2 billion dollar ABS fund and temporarily halting...


Visa Files for IPO; Will Be Largest US Initial Public Offering Ever

Markets in turmoil? Who cares? Visa filed proposed terms on Monday with the Securities and Exchange Commission to raise as much as $18.76 billion dollars in an initial public offering. The compa...


Warren Buffett Increasing His Exposure to US and International Equities?

What's that line that Warren Buffett has? "Be fearful when people are greedy and be greedy when people are fearful?" It would seem that Buffett has started to move into "greedy" mode as it was r...


Insider Buying Signaling a Major Bottom in the Market?

According to Bloomberg, CEO's, directors and other senior officials are buying more shares in their companies than they are selling for the first time since 1995. The importance of this fact is that t...


A Microsoft / Yahoo Merger Would Only Mean Good Things for the Search Engine Industry Over Time

Google, which normally plays it fairly close to the vest, went absolutely wild this past weekend, striking out at the proposed Microsoft / Yahoo merger. Google pointed out that the deal would be an...


Will There Be a Bidding War For Yahoo Now?

Microsoft fired a shot heard around the world late last week when they announced that they had plans to acquire Yahoo via hostile takeover for around $31 per share. Microsoft had reportedly finally...


Will a Three Percent Fed Funds Rate Help to Revive the Housing Market in the United States?

With the housing market plummeting and many Americans watching their net worths evaporating before their eyes, the Federal Reserve has undertaken an aggressive campaign to lower interest rates. First,...


The Impact of Microsoft's Bid for Yahoo

What a double whammy of news for the search engine world. First, Google announced after the bell on Thursday that its Q4 2007 earnings missed analyst expectations. Google missed analyst earnings ex...


Can Google Possibly Maintain Its Earnings Growth And Continue To Post Better Than Expected Earnings Reports Every Quarter?

With Google reporting their Q4 2007 earnings tonight, you have to start to wonder when the Google rocketship will start to slow up. Remember the days when people were openly wondering if anyone wou...


Societe Generale "Victim" of Major Fraud

Societe Generale, France's second largest bank, has apparently fallen victim to the single large fraud in history ever to be perpetuated by one single trader. In the mid 1990's, Nick Leeson of Barings...


Sensex Crash | The Sensex is Crashing

Indian stock analysts and economists tried to sooth the growing fears of Indian and international investors as the Sensex plummeted on Monday and Tuesday. World markets were torpedoed on Monday and Tu...


Lower Valuations + Weak American Dollar + Desperation = Foreign Buying Bonanza of American Companies

I remember back to the late 1990's when the US dollar was a pillar of strength. I remember hearing about the speculations and conspiracy theories that the US government was keeping their dollar strong...


Alan Greenspan Working as an Advisor for Paulson & Co? That's Just Wrong

Of all of the thousands of hedge funds that Alan Greenspan could have taken an advisory position with, he had to choose Paulson & Co., the hedge fund that made billions and billions of dollars in 2007...


Paulson Credit Opportunities Fund - How the Fund Had Such an Explosive Year in 2007

In 2007, according to Bloomberg, the Paulson Credit Opportunities Fund returned almost 600%, finishing up the year with a staggering gain of 589.9%. The Paulson Credit Opportunities Fund II, a slightl...


Ten of the Top Performing Hedge Funds of 2007

In 2007, news of poorly performing hedge funds seemed to dominate the financial headlines. There was the Global Alpha fund, which dropped 38%; there was the Global Equity Opportunities Fund, which dro...


Is the Credit Card Industry Next to Feel the Pinch?

A few years ago, there were plenty of easy ways to raise money to support your lifestyle, especially if you were a homeowner. You could buy a house and then flip it a year later for a nice big prof...


Google, Microsoft and Yahoo Settle with Department of Justice for "Promoting Online Gambling"

The Department of Justice yesterday announced that Google, Microsoft and Yahoo had all agreed to settle and pay $31.5 million dollars in fines to resolve claims that they had been promoting "illegal g...


Berkshire Hathaway Hits $150,000 for the First Time

Believe it or not, people actually have the audacity to try and say that Warren Buffett's results aren't impressive. "What is his annual return?" they will say, "My portfolio had a gain of 120% las...


Not All Hedge Funds Have Had Rough Years

You may think when you open up the Wall Street Journal or the business section of your local paper that all hedge funds have had a terrible year. That's just not true. Like with anything else, chaos f...


"Mystery Trader" Makes Huge Bet on DJ Eurostoxx 50 September Puts

There was quite a lot of rumbling on Monday about an "anonymous investor" that had made a very bold play on the DJ Eurostoxx 50 index, which is an index of Europe's top 50 stocks. The investor boug...


Could Countrywide Financial (CFC) Possibly Go Bankrupt?

Bankruptcy is a possible scenario for Countrywide Financial Merrill Lynch said on Wednesday, sending the stock tumbling almost 13% to close at $21.29. This news came as a surprise to many people, w...


KKR IPO Needs to Be Postponed

I feel like Dr. Obvious for even saying this, but KKR really needs to stop kidding themselves when it comes to their IPO, and announce publicly that they will be delaying their IPO. I feel bad for peo...


Och-Ziff Capital Management Group Moves Closer to Going Public

Och-Ziff moved closer to becoming a publicly traded company on Tuesday, as they filed an Amendment to their S-1. Och-Ziff is a notable company to keep an eye on, as they will be a publicly traded hedg...


Is the Repeal of the Short Sale Tick Test Rule Behind This Market Volatility?

I was reading through the Wall Street Journal this morning, and an article caught my eye that made me laugh. I just knew that this was coming, but I didn't expect some traders to grumble about it so q...


Goldman Sachs Global Equity Fund Gets 3 Billion Dollar Bailout

Goldman Sachs on Monday announced that they would be sinking $2 billion dollars of their own money into the deeply troubled Global Equity Opportunities Fund, after the fund reported a 28% decline just...


LEND / Lone Star Merger - Everyone Got It Wrong

Numerous hedge funds got it wrong, as they piled into LEND on Friday, causing the stock to run up over 45% on heavy trading. Cramer got it wrong. He said " Remember, the

Tykhe Capital: Some Funds Down as Much as 31% Month to Date

Sorry to pile on the bad news, but it's bad out there in quant land. Tykhe Capital, which runs a number of statistical arbitrage and quantitative long/short funds, has reported that as of August 9t...


Liquidation of Quant Hedge Fund Positions Behind Market Fluctuations?

This has not been a good year to run a quant hedge fund. One after another, these "market neutral" hedge funds are getting taken apart, with most of the carnage coming this summer after the subprim...


Jim Cramer Goes Bananas on CNBC

Jim Cramer is passionate about the market. He's passionate about the economy. And now he is extra passionate about the housing market in the USA, which is currently in the process of falling apart. ...


Insider Trading Is Running Rampant on Wall Street

TXU. Dow Jones. Acxiom. Aquantive. HCA. First Data. What do these companies have in common? All of these companies were acquired by other companies, and in every single case, the stocks experience...


SEC To End the Short Sale Tick Test Rule

Short-sellers everywhere are rejoicing tonight. The SEC has announced that effective July 6th, 2007, traders will be able to short any security on an up, down or zero tick. Previo...


Terry Semel Out; What Now for Yahoo?

A few weeks ago, I was speaking with a friend about Yahoo! This is a company with so much potential, but they just seem like a rudderless ship, floating nowhere as Google continues to increase thei...

The US Government Deals Yet Another Blow to the Online Gambling Industry; Neteller Blows Up

Well, Neteller didn't actually blow up. But if you were using your Neteller account to fund your online poker account and you are living in the US, then you are now out of luck and MUST find anothe...






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