Do not blame the underwriters for a poor investment decision. FB has never been worth the IPO price and anyone who has ever attempted to analyze a company for investment should know that. All of the hype that the media played up was designed to create just the outcome that we have seen. No company having only $4.0 billion in revenues is ever going to be worth $100 billion. Investors just needed to use their own brains and not rely on the collective insanity of the media.
Wall Street Titans Fail To See The Truth In Numbers [View article]
The simple solution for all of this lies in a seventy year old, 37 page document commonly know as the Glass-Steagal Act. Resurrecting Glass-Steagal will return Banks to the banking business and Investment Banks to their Wall Street roots.
The world's 29 largest banks will need to raise an extra $566B in new capital by 2018 to meet tougher Basel III standards, according to a Fitch study. The extra capital would be a 23% increase on what banks held at the end of 2011, or roughly equivalent to three times their combined annual earnings. U.S. banks will be hit particularly hard by the relative capital requirements for risky activities. [View news story]
This calculation is all over the place. Just a few weeks ago the US Banks were deemed to be in good shape vis a vis Basel III. Now this is a problem "looming" out five plus years. Has Fitch hired the Amazing Kreskin?
As a peak in the cycle of solar flares approaches in 2013, U.S. electricity regulators are considering options for protecting the power grid, including new equipment standards and retrofits, while controlling costs. An extreme storm could cause blackouts lasting weeks or months, John Kappenman says, leaving some cities temporarily uninhabitable and taking a huge economic toll. [View news story]
Let me get this straight, this is dire and this is beginning in 7 months. A retrofit will take years if not decades. There is no money to pay for it and we are just now "thinking" about getting seriously prepared. When it comes to planning by the Utilities and the Government, we are not getting our money's worth.
The heads reportedly rolling at JPMorgan (JPM) in the wake of the firm's $2B blunder are, unsurprisingly, key figures in JPM's risk-managing Chief Investment Office: The unit's leader Ina Drew (profiled here), Achilles Macris and Javier Martin-Artajo. [View news story]
You can make the comments that you have when your retirement is being paid for by others who continue to work and your vote is being bought by politicians who are perpetually on the public dole. This should not be construed to mean that You have not contributed. This means that your perspective has been shaped by the actions of the likes of the NEA and politicians who do not care how your benefits are paid for only that you get more and more of them.
Suckerberg has the Lemmings lined up and ready to run over the cliff and into the waiting Ocean. And for what, to be able to say you were in on the IPO, as though that is important. This is not investing, this is letting your ego take over for rational behavior. Good luck in your bragging.
J.M. Smucker (SJM) announces a 6% decrease in the list price of packaged coffee products sold in the U.S. in response to sustained declines in green coffee costs. While Kraft (KFT) may match its rival price cut, other coffee sellers such as SBUX, DNKN, PEET, and GMCR may ride the broad trend of falling coffee prices to higher margins. [View news story]
Good luck with that old ploy. Greed will come back to haunt them. Consumers are not locked into one manufacturer any longer. The Web has become the great equalizer for those who use it.
Facebook (FB) will likely boost its offering price range to $35-$40 tomorrow, a source tells CNNMoney's Maureen Farrell. The rumor comes shortly after Bloomberg claimed Facebook will stop taking IPO orders two days ahead of schedule, due to strong demand. [View news story]
To that I say, go ahead and good luck, but remember that is not "investing". True Investors should wait until the euphoria subsides and the stock drops to a true value in about a month.
Facebook (FB) will likely boost its offering price range to $35-$40 tomorrow, a source tells CNNMoney's Maureen Farrell. The rumor comes shortly after Bloomberg claimed Facebook will stop taking IPO orders two days ahead of schedule, due to strong demand. [View news story]
I did not say that it would not spike I just said that the Lemmings are lined up and ready to charge over the cliff. Have you calculated the PE Ratio of this stock at issue price? Have you thought about the fact that Suckerberg will effectively control all decisions without supervision? He will pocket a cool multi-billion take of the Investors dollars and still have total control.
Facebook (FB) will likely boost its offering price range to $35-$40 tomorrow, a source tells CNNMoney's Maureen Farrell. The rumor comes shortly after Bloomberg claimed Facebook will stop taking IPO orders two days ahead of schedule, due to strong demand. [View news story]
The Lemmings are lined up and ready to charge over the cliff. All that holds them back is the signal from Suckerberg.
The heads reportedly rolling at JPMorgan (JPM) in the wake of the firm's $2B blunder are, unsurprisingly, key figures in JPM's risk-managing Chief Investment Office: The unit's leader Ina Drew (profiled here), Achilles Macris and Javier Martin-Artajo. [View news story]
The heads reportedly rolling at JPMorgan (JPM) in the wake of the firm's $2B blunder are, unsurprisingly, key figures in JPM's risk-managing Chief Investment Office: The unit's leader Ina Drew (profiled here), Achilles Macris and Javier Martin-Artajo. [View news story]
Was your comment written by the NEA or a fifth grader?
A rogue trader scenario isn't what happened in the JPMorgan (JPM) mess, observes Dennis Gartman. It seems more likely the result of a failed hedging strategy. The problems are going to get worse too, Gartman says. "I operate under the old rule that there is never just one cockroach; when ill news comes out there is usually more ill news to follow.” [View news story]
So Gartman knows cockroaches, but does he know anything else.
JPMorgan's (JPM) $2B trading hit is a big blow to the reputation of Jamie Dimon, a CEO whose image was, up until now, almost teflon. Dimon not only survived the financial crisis intact, but actually grew in popularity with the sage guidance of his firm through one of the toughest periods in its history. Unfortunately, as the adage goes, "you're only as good as your last trade" in the finance world. [View news story]
Like the CEO of J&J during the Tylenol scare, Dimon's future and reputation lies in how he handles the current problem.
Goodbye TBTF? The FDIC's Martin Gruenberg is expected to outline today that the next time a major financial firm is brought to its knees, the FDIC will seize the parent company and unwind it while allowing its global subsidiaries to keep operating. Equity stakeholders will be wiped out and bondholders will face losses as their holdings are swapped for equity in a new entity. [View news story]
Sorry, I did not realize you had such thin skin. I hardly think anything I have written qualifies as irate. Have a great day.
Massachusetts subpoenas Morgan Stanley over the Facebook IPO amid allegations about leaked negative views. MS -1.4% AH. [View news story]
Wall Street Titans Fail To See The Truth In Numbers [View article]
The world's 29 largest banks will need to raise an extra $566B in new capital by 2018 to meet tougher Basel III standards, according to a Fitch study. The extra capital would be a 23% increase on what banks held at the end of 2011, or roughly equivalent to three times their combined annual earnings. U.S. banks will be hit particularly hard by the relative capital requirements for risky activities. [View news story]
As a peak in the cycle of solar flares approaches in 2013, U.S. electricity regulators are considering options for protecting the power grid, including new equipment standards and retrofits, while controlling costs. An extreme storm could cause blackouts lasting weeks or months, John Kappenman says, leaving some cities temporarily uninhabitable and taking a huge economic toll. [View news story]
The heads reportedly rolling at JPMorgan (JPM) in the wake of the firm's $2B blunder are, unsurprisingly, key figures in JPM's risk-managing Chief Investment Office: The unit's leader Ina Drew (profiled here), Achilles Macris and Javier Martin-Artajo. [View news story]
To Facebook Or Not To Facebook [View article]
J.M. Smucker (SJM) announces a 6% decrease in the list price of packaged coffee products sold in the U.S. in response to sustained declines in green coffee costs. While Kraft (KFT) may match its rival price cut, other coffee sellers such as SBUX, DNKN, PEET, and GMCR may ride the broad trend of falling coffee prices to higher margins. [View news story]
Facebook (FB) will likely boost its offering price range to $35-$40 tomorrow, a source tells CNNMoney's Maureen Farrell. The rumor comes shortly after Bloomberg claimed Facebook will stop taking IPO orders two days ahead of schedule, due to strong demand. [View news story]
Facebook (FB) will likely boost its offering price range to $35-$40 tomorrow, a source tells CNNMoney's Maureen Farrell. The rumor comes shortly after Bloomberg claimed Facebook will stop taking IPO orders two days ahead of schedule, due to strong demand. [View news story]
Facebook (FB) will likely boost its offering price range to $35-$40 tomorrow, a source tells CNNMoney's Maureen Farrell. The rumor comes shortly after Bloomberg claimed Facebook will stop taking IPO orders two days ahead of schedule, due to strong demand. [View news story]
The heads reportedly rolling at JPMorgan (JPM) in the wake of the firm's $2B blunder are, unsurprisingly, key figures in JPM's risk-managing Chief Investment Office: The unit's leader Ina Drew (profiled here), Achilles Macris and Javier Martin-Artajo. [View news story]
The heads reportedly rolling at JPMorgan (JPM) in the wake of the firm's $2B blunder are, unsurprisingly, key figures in JPM's risk-managing Chief Investment Office: The unit's leader Ina Drew (profiled here), Achilles Macris and Javier Martin-Artajo. [View news story]
A rogue trader scenario isn't what happened in the JPMorgan (JPM) mess, observes Dennis Gartman. It seems more likely the result of a failed hedging strategy. The problems are going to get worse too, Gartman says. "I operate under the old rule that there is never just one cockroach; when ill news comes out there is usually more ill news to follow.” [View news story]
JPMorgan's (JPM) $2B trading hit is a big blow to the reputation of Jamie Dimon, a CEO whose image was, up until now, almost teflon. Dimon not only survived the financial crisis intact, but actually grew in popularity with the sage guidance of his firm through one of the toughest periods in its history. Unfortunately, as the adage goes, "you're only as good as your last trade" in the finance world. [View news story]
Goodbye TBTF? The FDIC's Martin Gruenberg is expected to outline today that the next time a major financial firm is brought to its knees, the FDIC will seize the parent company and unwind it while allowing its global subsidiaries to keep operating. Equity stakeholders will be wiped out and bondholders will face losses as their holdings are swapped for equity in a new entity. [View news story]