By The Gold Report, on May 21st, 2012
The Gold Report: Europe is in the headlines daily: more leftists coming to power, regional banks suffering, renewed recession appearing to take hold. What is your take on Europe?
Frank Barbera: In the headlines, Europe looks like quite the mess. Imagine being a Greek who saved over a lifetime now facing the possibility of devaluation or Greece leaving the euro. If Greece pulls out of the euro and devalues, most of the people will see their life savings collapse in terms of purchasing power.
In my view, there is a pretty good chance that would spark a contagion. When people in Spain or Italy see Greece pull out and return to a devalued drachma, there will be . . . → Read More: Natural Resource-Related Stocks Show Promise: Frank Barbera
By The Energy Report, on May 21st, 2012
The Gold Report: Europe is in the headlines daily: more leftists coming to power, regional banks suffering, renewed recession appearing to take hold. What is your take on Europe?
Frank Barbera: In the headlines, Europe looks like quite the mess. Imagine being a Greek who saved over a lifetime now facing the possibility of devaluation or Greece leaving the euro. If Greece pulls out of the euro and devalues, most of the people will see their life savings collapse in terms of purchasing power.
In my view, there is a pretty good chance that would spark a contagion. When people in Spain or Italy see Greece pull out and return to a devalued drachma, there will be . . . → Read More: Natural Resource-Related Stocks Show Promise: Frank Barbera
By Thoughts From the Frontline, on May 21st, 2012
"Had I right, for my own benefit, to inflict this curse upon everlasting generations? I had before been moved by the sophisms of the being I had created; I had been struck senseless by his fiendish threats; but now, for the first time, the wickedness of my promise burst upon me; I shuddered to think that future ages might curse me as their pest, whose selfishness had not hesitated to buy its own peace at the price, perhaps, of the existence of the whole human race."
– The musings of Dr. Frankenstein about his creation of a monster, in Mary Shelley’s 1818 novel, Frankenstein
And later the monster answers:
"Shall each man," cried he, "find a wife for his . . . → Read More: Dr. Frankenstein’s Europe
By The Gold Report, on May 21st, 2012
TGR: It seems that economists can plan and recommend, and politicians can negotiate and maneuver, and pundits can analyze and predict all they want, yet when the people don’t want to play along, it can all mean nothing. Of course, we’re talking about the elections in France and Greece. What’s going on?
Leonard Melman: What’s going on is that the monetary authorities in Europe have decided that austerity is the only way out of the financial dilemma, which I find kind of amusing, because it is their Keynesian activities that created those policies in the first place. Their decision now is that austerity, which is cutting back government programs, is the only thing that will work. The problem is . . . → Read More: The People Have Spoken and Precious Metals Will Soar: Leonard Melman
By Money and Markets, on May 21st, 2012
I don’t know about you, but here in Texas I can barely drive a mile without passing a JPMorgan Chase (JPM) branch. They’re even inside the grocery stores.
Simply being everywhere doesn’t make a bank safe, of course. As we learned last week, traders in London just cost JPMorgan $2 BILLION and possibly more! Fitch Ratings downgraded its credit rating one notch to A-plus, and it looks like Moody’s may cut the bank, too.
Weiss Ratings, ahead of the curve as usual, cut JPMorgan Chase to “D” on September 30, 2010. And on October 22, 2010, they issued a special news release advising subscribers that among U.S. banks, JPMorgan was carrying the largest . . . → Read More: Are JPMorgan Chase ETNs Safe?
By Street Authority, on May 21st, 2012
It's that time of year again, when investment managers are required to disclose their fund's holdings to the SEC, and by extension, to all investors. And for most investment companies and hedge funds, it's a pretty straight-forward process… just make a list of all the stocks you own, and how much of them you own.
If you're Greenlight Capital's David Einhorn, however, it's not quite that simple. With Einhorn's willingness to hold short as well as long positions (not to mention his willingness to speak out about them) in the $7 billion hedge fund, it's a bit of a process to truly figure out what he's thinking, or trading.
On the other hand, considering his fund has returned . . . → Read More: 2 New Stock Ideas from a Guy who’s Beat Wall Street for 15 Years Running
By Born to Sell, on May 21st, 2012
If you followed last week’s AAPL covered calls you ended up not being called out because AAPL finished below the lowest suggested strike of 540. You ended up owning AAPL at one of these net debits (stock price minus call premium received):
On May 14 you bought AAPL at 563.50 and wrote one of these:
Strike Call Bid Net Debit 540 24.90 538.60 545 20.50 543.00 550 16.40 547.10
Those all expired out of the money and over the weekend we amended last week’s trade to suggest you wait for AAPL to bounce back a bit and then write new options for this week. Well, this morning we have that bounce and it’s time to write new options.
Annualized . . . → Read More: Weekly Apple (AAPL) Trade For May 21, 2012
By Street Authority, on May 21st, 2012
I've discovered a way to earn the equivalent of a second Social Security check every month.
Now, I don't want to mislead you. This check isn't from Uncle Sam. In fact, the government doesn't have anything to do with it. (I think that's good news considering all the debt problems the government is facing).
And you won't be receiving one big check. Instead, you'll see dozens of smaller ones in your mailbox — or brokerage account — each month.
Let me explain…
The average monthly benefit for the roughly 55 million Americans receiving a Social Security check was $1,230, according to the Social Security Administration.
In the past year, I've earned an average of $1,357 per month . . . → Read More: How to Earn Thousands in Extra Income Every Month
By Advanced Currency Markets, on May 21st, 2012
Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD GBP -0.03 EUR -0.13 CHF -0.16 JPY -0.28 Asian markets performance was slightly higher with a slight rebound in risk appetite. Nikkei gained 0.26%, Shanghai SE Composite 0.30% and the ASX 200 0.67%. With Chinese PM Wen reassuring the markets saying that growth remains a priority, the CNY fixed at 6.3116, 93pips lower than Friday’s level and undershooting the 6.3130-75 range of expectations. The JPY weakened overnight against its major…
Read More …
By ForexYard, on May 21st, 2012
Source: ForexYard Facebook IPO Fails to Make a Dent in the Marketplace
Following weeks of speculation regarding how Facebook's debut on the New York Stock Exchange would turn out, investors were mildly disappointed with the social media site's performance on Friday night. Facebook closed out the week at 37.96, slightly below its opening price. What direction Facebook takes from here is a hotly debated topic among market analysts. Some are warning that the site may be overvalued already, and Friday's disappointing performance could be a sign of things to come. That being said, any moves by Facebook to expand its already massive subscribership could generate excitement in the marketplace which could help boost the value of this site. . . . → Read More: Facebook IPO Fails to Make a Dent in the Marketplace
|
|
