: iStockAnalyst.com Symbols Feed

Two Trade Setups: One Long, One Short

Fri, 04 Dec 2009 16:04:51 GMT

Here's an article that I wrote for the Slope of Hope today as a guest blogger. Great website if you haven't yet checked it out! Today I want to provide y'all with a couple of trade setups that I thought depending on your trading strategy and market bias, could fit nicely into your portfolio. The first is a short setup in Goldman Sachs (GS). For many of us, the opportunity to short GS goes well beyond a normal trade - there a sense of satisfaction seeing such a corrupt company depreciate in price, no doubt.[More...]

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Fri, 04 Dec 2009 14:19:07 GMT

As expected, Bank of America (BAC) will repurchase its $45 billion TARP preferreds, funded in part by an additional $18.8 billion in "common stock equivalents", $4.0 billion in asset sales, and $1.7 billion in restricted stock issued to employees in lieu of cash bonuses.[More...]

Forget Yesterday, It's All About Jobs

Fri, 04 Dec 2009 13:21:30 GMT

Good morning. Stocks tanked in the last half-hour on Thursday and while the major news outlets attributed the decline to either profit taking or some trepidation in front of this morning's big Jobs report, we'd like to offer a little more substantial reason for the 85 point dive on an otherwise subdued day of trading.[More...]

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Fri, 04 Dec 2009 04:14:41 GMT

The Federal Reserve's balance sheet declined by $15 billion to $2,183 billion from the prior week, after the Fed presumably offloaded $2.7 billion in MBS: this is the first time since QE started that MBS holdings have declined. If anyone can tell us just who the idiots are who bought MBS from the Fed (and at what price), and who the even greater idiots are who are supposed to believe this, please send us an email.[More...]

Jim Bunning Does Not ? Ben Bernanke

Fri, 04 Dec 2009 00:00:09 GMT

With a groundswell of public opinion against the Federal Reserve in general and Ben Bernanke in particular, Sen. Jim Bunning (R-KY) takes something of a victory lap for having been the only committee member to oppose Bernanke's nomination four years ago.[More...]

Biggest European IPO In Two Years Cancelled After Major Valuation Disconnect

Thu, 03 Dec 2009 23:50:15 GMT

Farewell IPO window. European construction company Hochtief was forced to cancel the IPO of its concessions business once investors became unwilling to pay more than €20 for the new shares, with the bottom of the range at €24 previously. Furthermore, according to market participants, the company was able to only fill half a book, after management disclosed during a roadshow lunch that the Dubai jitters made finding investors complicated. Watch for some material downside to the stock when it opens in Europe tomorrow.[More...]

Revealed: How The System Favors The Wealthy

Thu, 03 Dec 2009 21:07:08 GMT

"The U.S. tax code is the most political law in the world." -- Jonathan Blattmacher, tax lawyer to the super-wealthy "Taxes are what we pay for civilized society." -- Oliver Wendell Holmes[More...]

Jobless rate dips to 10 percent; workweek hours up

Fri, 04 Dec 2009 21:50:00 GMT

Dec. 4--The nation's payrolls shed just 11,000 last month -- the smallest number of cuts since the recession began, a sign that the labor market is beginning to stabilize.
The unemployment rate dropped to 10 percent, from 10.2 percent, the U.S. Department of Labor reported today.
"It is a very nice shot of holiday cheer for everyone," said Robert Dye, senior economist for the PNC Financial Services Group, Pittsburgh.

: iStockAnalyst.com Symbols Feed

Two Trade Setups: One Long, One Short

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Forget Yesterday, It's All About Jobs

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Jim Bunning Does Not ? Ben Bernanke

Biggest European IPO In Two Years Cancelled After Major Valuation Disconnect

Revealed: How The System Favors The Wealthy

Jobless rate dips to 10 percent; workweek hours up

Sector Snap: Information technology shares gain

Bank robbery suspect nabbed in Myrtle Beach area

Cost-cutting helps Belk profit

Chinese official raps foreign banks on derivatives

Chinese official raps foreign banks on derivatives

Daily Mail, London, market report column

Treasury prices drop on oversupply concerns

Business Highlights

Treasury prices drop on oversupply concerns

ADDING MULTIMEDIA Comcast and GE to Create Leading Entertainment Company

BlackRock CEO to Speak at Goldman Sachs US Financial Services Conference on December 9th

TD AMERITRADE CEO to Speak at Goldman Sachs US Financial Services Conference 2009

Forest Conservation Can Supply 25% of Climate Solutions Through 2020, Saving $40 Billion

Comcast and GE to Create Leading Entertainment Company

Union Bank Vice Chairman John F. Woods Appointed Chief Financial Officer, Succeeding David I. Matson

Elite Portfolio Management Team Launches Boutique Investment Firm

Goldman Sachs Electronic Trading Releases REDIPlus®Version 9.1

BlackRock Completes Merger With Barclays Global Investors

Dynegy Announces Completion of Transaction With LS Power

Form 4 BlackRock Inc. For: Nov 13 Filed by: BANK OF AMERICA CORP /DE/ (10K)

Form 4 BlackRock Inc. For: Dec 01 Filed by: PNC BANCORP INC/ (10K)

Form 4 BlackRock Inc. For: Dec 01 Filed by: BARCLAYS BANK PLC /ENG/ (10K)

Form 3 BlackRock Inc. For: Dec 01 Filed by: BARCLAYS BANK PLC /ENG/ (10K)

Form 4 AMERICAN INTERNATIONAL For: Nov 25 Filed by: BENMOSCHE ROBERT H (10K)

Form 4 BlackRock Inc. For: Nov 25 Filed by: KAPITO ROBERT (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 25 Filed by: WHITFORD THOMAS K (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 25 Filed by: SHACK TIMOTHY G (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 25 Filed by: ROHR JAMES E (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 25 Filed by: JOHNSON RICHARD J (10K)