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Global Investing News
Texas Financier Stanford Charged With Fraud; Trump Casinos File for Chapter 11; Amex and Capital One Defaults Rise; WalMart Beats Expectations; Blackberry Execs Pay Back $2.2 Million; Oil Prices Fall Below $35
- The Securities and Exchange Commission yesterday (Tuesday) charged Texas financier R. Allen Stanford and three of his firms with a “massive” fraud that centered around high-interest-rate certificates of deposit, and raided some of the companies’ offices, MSNBC reported. In a complaint filed in federal court in Dallas, the Securities and Exchange Commission alleged Stanford conducted a fraudulent investment scheme in an $8 billion CD program that promised “improbable and…
Warren Buffett’s Investment Model: Insider Trading Reveals Undervalued Stocks
Almost four months ago, Warren Buffett famously wrote his endorsement of U.S. equities in his op-ed piece to The New York Times entitled “Buy American, I Am.” Since then, it’s dropped 11.4%. It’s hard even for an Oracle to help when people just don’t believe.
Warren Buffett’s investment model and purchase criteria are unbearably fuzzy to analysts since they can’t just go punch numbers from their database – no matter how big or expensive it is.
Don’t let anybody fool you into believing that value investing is based on any kind of ratio analysis, or that looking at one simple financial figure accurately…
17Feb2009 | Investment U | 0 comments | ContinuedBy Relaxing “Market-to-Market†Rules, Has the U.S. Switched Off its Financial Crisis Early Warning System?
By relaxing the U.S. financial system’s mark-to-market accounting standards, the U.S. government is effectively deactivating the financial “early warning system” that let investors know that a global credit crisis was brewing – and kept it from turning into a total global meltdown, professional investors warn.
As part of the just-passed U.S. bailout bill, the government has reiterated the Securities and Exchange Commission’s authority to relax the mark-to-market standards. If the SEC actually follows through on that directive, many professional investors worry that we won’t catch on to the next leg of the ongoing credit crisis until it’s way too late.
While politicians…
8Oct2008 | Money Morning | Comments Off | ContinuedThe Next Victim in the Banking Fiasco
A New Short Idea in the Banking Sector
“You know, you saw subprime go first, and then, on a slight lag, you saw home equity, and now in the lag, you’re seeing prime go. And it’s exactly the same loss factors. But remember, the components of where we are in the states…[are] very different. And we started doing more jumbos in ‘07, so a lot of that is — part of that is ‘07 vintage, which I think I told you at the time we were going to do and grow our balance sheet and gain share. And we were wrong.…
28Aug2008 | The Penny Sleuth | Comments Off | ContinuedA WORLD WITHOUT INFLATION
From Spiegel.de we read “The Shrinking Influence of the US Federal Reserve” by Gabor Steingart, thankfully translated from the German by Christopher Sultan.
The article starts out with the fact that governments around the freaking world have been creating more and more money, sometimes increasing their money supplies by 50% or more a year. And thus they write, “Nowadays, purchasing power exceeds purchasing opportunity. Most of all, there is not enough oil, and too few raw materials and food products” when compared to the sheer, staggering tonnage of money available with which to buy the aforesaid oil, raw materials and food…
8Jul2008 | Daily Reckoning | Comments Off | ContinuedBelow the Radar: A Guide to Penny Stock Pitfalls and Profits
Penny-stock traders are like the Rodney Dangerfields of the investment world – they get no respect from their bigger brethren.
If a penny-stock trader made a killing on a few penny-stock trades, there’s a good chance he or she orchestrated a “pump-and-dump” scam – where a holder of a big block of penny-stock shares orchestrates a big whisper campaign to pump up the price of his shares. Traders rush in, driving the price skyward, enabling the perpetrator to “dump” his shares at a big profit.
The big sales, combined with the end of the hype, usually cause the penny stock to nosedive, inflicting the greatest damage…
1Jul2008 | Money Morning | Comments Off | ContinuedU.S. Market Crisis: Paulson saves the day
Oh, good, I was worried there for a minute. But the government says it’s going to make sure we never have another mortgage crisis. Hoorah!
And how, exactly, is it going to do that? Well, Treasury Secretary Mark Paulson has an idea: Shuffle oversight entities around to cut out redundancy.
Yes, dear friends, we don’t have to worry about securitization or evil banks trying to turn a profit when you borrow money from them ever again because Paulson is making sure that the SEC joins forces with the Commodities Futures Trading Commission (CFTC), and he wants to unite the Office of Comptroller…
31Mar2008 | Stephanie Grimmett | Comments Off | Continued
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