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Barrons will feature an article tomorrow touting Newmont Mining as they
note that gold mining shares are very, very cheap relative to the...
Zacks Equity Research downgraded Pepco Holdings (POM) to neutral from
outperform. The troubled utility had a difficult relationship with...
Markets approaching the dead lows as Facebook tried to spur some optimism and failed.
Indices felt heavy all day as it toyed with yesterday...
The most over-hyped, over-talked-about IPO in history is now a huge disappointment.
We had our plan and followed it. Even using a...
The most Over hyped - over talked about- Ipo in history is now a Huge disappointment.
We had our plan and followed it. Even...
Markets approaching are the dead lows as Facebook (FB) tried to spur some optimism and failed. Indices felt heavy all day as it...
The good news is the euro is up. The bad news is that US markets don't care and are falling like rocks.
I'd say Europe is only 40% of what'...
EPA's new rules have been devastating on nation's Mid-Atlantic grid, PJM.
They issued a press release yesterday that said, "Since November...
So far the Facebook IPO has not lived to its hype; I'm not surprised. The
IPO demand was so strong that it all about priced any "pop" out...
I'll be selling the FAZ 24 calls I had accumulated a week ago (they expire
today) for a very nice gainer (something like 300% on these)...
I wonder if Facebook (FB) ever though seriously about shelving their IPO for a few months?
I doubt it, but its action so far today is what...
Combining the massive volume coming from Facebook (I suspect 800 mil traded
today) and expiration we will see a massive print of volume at...
Can't make this up- FB trades $39.80, I take my 1.78 on 75%, and look to reload again. Sorry I can't type as fast as it is moving!
Facebook's less than stellar debut is hammering other names in the social
media space such as Zynga (ZNGA) which is down more than 10%. It...
Not any more- Facebook is trading $38. Yikes! I'll take a small punt.
So far banks and the especially JPM is holding down this bounce attempt. JPM low of the day is 33.10—if it breaks that- it could add more pressure...
Looks to me as though STD 'likes' the Moody's downgrade
The reputational and balance sheet impact of JPM's poor hedging strategy
seems to be getting worse by the day. The hedge has evidently...
Hi from the road: Bankaus Main is making a Facebook premarket in Frankfurt.
It is receiving orders as high as $70 a share.
While the FB model today is solid today's opening valuation is not about what
they are doing today or in the past. It's all about the...
Yes indeed... somewhere along the line while I wasn't paying attention my
hair got grey and I started telling when I was a boy stories......
It's bombs away for commercial traders in the long bond futures. The amassing short position continues to grow. Based on price action this week, I...
I'm sure we could both write NYC phone book sized (print edition!) copies of our trading experiences! But as I'm fond of saying at the blackjack...
... I understand what you're saying... whenever events like this unfold I
flash back to the first time I really got my head handed to me in...
What's really interesting about the Facebook hype is that investors seem to be paying no attention at all to questionable fundamentals at best....
Like your clients, I'm in the mindset of how to "put food on the table this week." As a global macro manager, I share many of the thoughts and...
... on European bonds... there seems to be an underlying degree of hope and
that G8 will produce something... I don't know what... that...
I'm a bit more optimistic than Roger on this week's price action in many Eurozone bond markets. Italian 10-yr yields are at their lowest levels...
European sovereign bond markets are quiet relative to recent action.
German long end yields are up a few basis points while Italian,...
Abercrombie & Fitch (ANF) made a comment earlier in the week that one
of its newly opened stores in China (which is actually its first...