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Oppenheimer (NYSE:OPY): Stock Sales Buoy Investment Banks

Fri, 03 Jul 2009 16:09:00 GMT

According to Oppenheimer (OPY) bank analyst Chris Kotowski, who took over when famed analyst Meredith Whitney started her own firm, companies selling stock to raise capital will be a boon to investment banks in the second quarter. Kotowski’s estimates that U.S. firms sold about $122.6 billion worth of stock in the quarter, about 9 times greater than the previous quarter and twice the quarterly average since 2005. Obviously, this is great news for investment banks as the fees associated with these secondary offerings will boost investment banking revenue beyond where it was in the first quarter. His projections were the subject of [More...]

America's Effective Unemployment Rate At 18.7%?

Thu, 02 Jul 2009 14:47:12 GMT

Each month, I receive from Leo Hindery an update on "America's effective unemployment rate" which includes not only the official unemployment figures but other data points showing off-the-books unemployed or underemployed people. The numbers are staggering and are aggregates of official data. They matter because various Obama administration officials including the President himself started off calling for huge stimulus packages to help generate "jobs, jobs, jobs!" But now, I[More...]

Market Briefing for July 1, 2009

Wed, 01 Jul 2009 18:53:14 GMT

"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey All the richest investors already know this. Do you want to know how to be a successful investor? "Ride the Wave, then get the hell out"! Be a 2-3 year buy and hold guy, then get out and wait for the next disaster to happen. Oh, believe me, every few years Wall Street or Washington will make sure another disaster happens . There use to be a time in the investing world where buy and hold meant something. 30 or 40 years ago you could buy stock in a big blue chip company, reinvest the dividends for 20 years, and in the end, you would have a nice nest egg to live on. Not anymore! So what has happened? Society has changed. I attributed most of it to a lack of discipline and greed.[More...]

Conspiracy To Hide Bubble-Formation

Wed, 01 Jul 2009 16:28:22 GMT

In yet another move to make a mockery of so-called market transparency, and again with mad props to Zerohedge, we have this: The Exchange has filed with the SEC to implement the decommissioning of the DPTRrequirement following the July 10, 2009 trade date. Accordingly, the last required submission of the DPTR will be on July 14, 2009, which is the second business day after the last trade date for which the DPTR is required. Go read[More...]

Is Goldman Legally Frontrunning Its Clients?

Wed, 01 Jul 2009 15:18:26 GMT

Everyone who is anyone on Wall Street has at some point used the Goldman 360 portal whether for research, news, keeping a track of prime brokerage portfolio or, disturbingly, for trading, via the REDI Plus 9.0 platform (now loaded with enhanced algo trading features to make life for you, dear soon to be frontran Goldman client, so much easier). A second widely accepted Wall Street concept is that a disclaimer is the last thing that anyone reads, if ever. Yet after taking a close look at the Goldman disclaimer for the 360 portal, which is an umbrella waiver or all downstream websites, including REDI, one discovers the following gem: Monitoring by GS: Your use of the products[More...]

NYSE Halts Transparency, Feels Goldman Program Trading Disclosure Is Unnecessary

Tue, 30 Jun 2009 18:44:45 GMT

In a move set to infuriate and send many Zero Hedge readers over the top, the NYSE has taken action to make sure that nobody will henceforth be able to keep track of the complete dominance that Goldman Sachs exerts over the New York Stock Exchange. This basically ends our weekly Program Trading updates disclosed every Thursday indicating that Goldman has singlehandedly captured all of NYSE's program trading. In an [More...]

Choppy Up-Session

Tue, 30 Jun 2009 00:42:34 GMT

The stock market indices started off the week with another gain, but it was choppy. The day started out moving lower, but the indices held support and turned it around sharply. The Nasdaq 100 (NDX) rallied from a session low from around 469 to the 493 1/2 area, and the S&P 500 (SPX) at that point rallied from 916 to about 927. A mid-day pullback brought them back to test. They bounced late afternoon, but couldn’t break out and then rolled over towards the end of the session, paring back the gains. Still, net on the day the Dow was up 90.99 to 8529.38, the S&P 500 up 8.33 to 927.23, and the Nasdaq 100 up 3.63 to 1483.83. Advance-declines were about 3 to 2 positive on New York, but about 15 to 12 negative on Nasdaq. Certainly an intraday technical divergence. Up/down volume was 2 to 1 positive on New York on light total volume of just over 1 billion. Nasdaq[More...]

Summertime Brings Lackluster Price Action And Abject Liquidity For Market Price Jump

Mon, 29 Jun 2009 14:19:14 GMT

Markets have reached a significant milestone, one reached nearly as rarely as a full planetary syzygy (there's your word of the week, boys and girls.) Yes, for the first time in quite a while, the ambient temperature in SE England is higher, in degrees Celsius, than the VIX. Yes, boys and girls, summertime is well and truly here, bringing with it lacklustre price action and abject liquidity, which can produce the occasional step-jump in market pricing, [More...]

Market Gaming: Pressin' Their Bets

Fri, 26 Jun 2009 16:20:02 GMT

Props to Zerohedge on tracking this: Just released NYSE data indicate a 50% ramp up by Goldman's principal Program Trading unit. Whereas the prior week saw Goldman trading only 631 million principal shares on the NYSE, the most recent data indicate a massive rise to 977.8 million.[More...]

Monday Will Be A Big Day For These Two Emerging Market Nations

Fri, 26 Jun 2009 15:24:06 GMT

Friday, June 26, 2009 by Martin Denholm, Managing Editor, Smart Profits Report Keep an eye on the Chinese and Brazilian stock markets on Monday. The two emerging market nations - both members of the BRIC group (Brazil, Russia, India, and China) - will each welcome a major new IPO to their respective stock markets. The fact that they’re debuting on the same day is purely coincidental, but the story here is that both are very significant not only to their own countries, but could also underpin the emerging market area. Let’s take a look at these IPOs in the context of the broader emerging market topic… the effect this often volatile but flourishing pack of nations is having on the global economy - and how you can hitch a ride… Emerging Markets Rebuilding Momentum In the[More...]

VV2 Milestones Become Roadblocks: Potential Buyers: We Want Inland Energy Out

Sun, 05 Jul 2009 13:46:00 GMT

Some of the very "milestones" toward the development of the Victorville 2 power plant that the city and its consultant, Inland Energy, boasted about over the past year have become roadblocks to interested buyers, according to those involved.
Now buyers say the city could face hefty termination fees in order to make the project viable, plus a challenge to find its way out of a contract that guarantees Inland Energy $5 million annually in perpetuity.
Last spring the council unanimously approved a recommendation from Inland Energy to enter into contracts with Goldman Sachs to finance the plant's development and with Kiewet to

: iStockAnalyst.com Symbols Feed

Oppenheimer (NYSE:OPY): Stock Sales Buoy Investment Banks

America's Effective Unemployment Rate At 18.7%?

Market Briefing for July 1, 2009

Conspiracy To Hide Bubble-Formation

Is Goldman Legally Frontrunning Its Clients?

NYSE Halts Transparency, Feels Goldman Program Trading Disclosure Is Unnecessary

Choppy Up-Session

Summertime Brings Lackluster Price Action And Abject Liquidity For Market Price Jump

Market Gaming: Pressin' Their Bets

Monday Will Be A Big Day For These Two Emerging Market Nations

VV2 Milestones Become Roadblocks: Potential Buyers: We Want Inland Energy Out

Chicago Tribune Gail MarksJarvis Column: How to Invest During Uncertain Times

Goldman Sachs Bank USA Adds Three New Directors to Board

When Losses Become a Financial Crisis

Stocks End Quarter on a Down Note

Chicago Tribune Gail MarksJarvis Column: Uncertainty Continues to Reign in Economy

A Milestone for Mortgage-Foreclosure Diversion Program

Stocks Finish Solidly Higher

Japan unemployment rises to 5 1/2-year high

Japan industrial output up 5.9 percent in May

Matthew W. Barrett, Ann F. Kaplan and Thomas C. Melzer Appointed to Goldman Sachs Bank USA Board

Millicom International Cellular: Strategic Review of Asia - Update

Goldman Sachs Conference Call to Announce Second Quarter 2009 Results

Credit Suisse Chief Patent Counsel Joins Chadbourne & Parke IP Group

Goldman Sachs Declares Quarterly Income Distribution on Claymore CEF Index-Linked GS ConnectSM Exchange Traded Notes

The Spinoff ReportTMLaunches in Europe With Muzea Insider Consulting

Senior Wall Street Team Launches First Investment Bank Dedicated Exclusively to Alternative Energy and Cleantech

Pricelock Partners With Hyundai to Lock in Low Fuel Prices

Pricelock Partners With Hyundai to Lock in Low Fuel Prices

GridPoint Welcomes John B. Spirtos, Former Senior Vice President of Comverse Technology, to Lead Corporate Development and Strategy

Form 3 SCHIRO JAMES J For: May 08 (10K)

Form 4 SHERWOOD MICHAEL S. For: Feb 04 (10K)

Form 4 FRIEDMAN STEPHEN For: Jan 22 (10K)

Form 4 GOLDMAN SACHS GROUP INC For: Jan 20 Filed by: EVANS J. MICHAEL (10K)

Form 4 WINKELRIED JON For: Jan 13 (10K)

Form 4 WEINBERG JOHN S For: Jan 13 (10K)

Form 4 VINIAR DAVID A For: Jan 13 (10K)

Form 4 SHERWOOD MICHAEL S. For: Jan 13 (10K)

Form 4 EVANS J. MICHAEL For: Jan 13 (10K)

Form 4 COHN GARY D For: Jan 13 (10K)