Equity indexes pumped the brakes on a two-week slide yesterday as buyers came back into stocks and commodities.
Read more »Market ends its two-week losing streak
Limited gains seen for Banco Bradesco
The Brazilian bank bounced sharply off multi-year lows yesterday, but one trader is betting that any further gains will be limited.
Read more »Radian Takeover? Play It With Options
Shares of mortgage insurer Radian Group Inc (RDN) spiked 18% higher following news that asset manager Clinton Group is pushing for more disclosures about the business in an effort to convince potential bidders than RDN is worth buying. The stock jumped on hopes that a buyout is possible.
I believe the best way to play a potential takeover is by buying call options on RDN, not stock.
Read more »Retail reports, home sales top calendar
Today's economic calendar will feature weekly retail data, existing home sales, and the Richmond Fed Manufacturing Index.
Read more »VIX futures follow volatility index lower
The CBOE Volatility Index finished yesterday at its session low as the market closed near its highs, and the VIX futures fell even more than the spot index.
Read more »Startups Are Flinging Job Offers At Dan Shipper, But The 20-Year-Old Philosophy Major Would Rather Stay At UPenn
We spoke with the highly sought student to learn why startups are making him offers that "never expire."
Read more »UK Banks Are Ready For Greek Exit, Says Bank of England Adviser
Britain's banks are strong enough to withstand any Greek exit from the eurozone but need to keep bolstering their financial strength in the face of the escalating crisis, according to a member of a Bank of England regulatory body.... read more >
Read more »Stocks Bounced As Financials, Socials Trounced
Internal politics plays role in JPMorgan trading debacle
The New York Times offers an interesting take on the disastrous trades that has cost the banks more than $3 billion in paper.
It reports that Ina Drew, the CIO who resigned to accept accountability for the botched trades, contracted Lyme Disease in 2010, which resulted in frequent absences at a crucial time. She had always had a firm grip on the trading risk that her unit took on, but while she was out, an internecine war broke out between her top deputy in London, the now infamous Achilles Macris, and her deputies in New York.
Read more »Hoover on austerity to balance the budget and defend the dollar in 1932
I have written quite a few posts highlighting the statements made by Herbert Hoover during his US presidency as he struggled with the economic contraction of the Great Depression. The general tenor of Hoover's comments and actions goes to redoubling efforts toward balancing the federal budget in order to bring back the fiscal discipline that Hoover felt was proper irrespective of the macro environment and that Hoover also believed would support the US dollar.
In the past, some commenters have expressed doubt about Hoover's deficit hawk bona fides.
Read more »End Of Operation Twist Is Good News For Annaly
At then end of March, I wrote an article detailing an opportunity in Annaly Capital Management (NLY), the well respected Mortgage REIT.
Read more »Annaly Remains Number 1 In mREIT Market Capitalization And 15% Yield
Annaly Capital Management (NLY) remains a vibrant agency mortgage real estate investment trust (mREIT) with a current 13.60% annual dividend yield. A 13.60% yield simply crushes the 2.80% yield of a 30 Year Treasury Bond security as of May 18th.
Treasury Yield Decline Impacts
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James McNamara Named Managing Executive of SEC’s Division of Trading and Markets
Washington, D.C., May 18, 2012 — The Securities and Exchange Commission today announced that James P. McNamara has been named to the newly-created position of Managing Executive of the SEC’s Division of Trading and Markets.... read more >
Read more »Is no news on Van Persie good news for Arsenal fans?
Robin Van Persie's future is a source of growing doubt for all connected with Arsenal.... read more >
Read more »Cramer: Facebook's horrific debut
This deal, when the smoke clears, will go down as one of the worst-executed initial public offerings we have ever seen.
Read more »3 Undervalued High-Yield Mid-Cap Dividend Stocks Analysts Rate As Buy Or Better
Are you looking for mid-sized companies that still have room to grow? Are you after very high dividend yield stocks, with yields over 10%? Are you after stocks that analysts are calling 'buy' or 'strong buy'? Looking for undervalued stocks? For ideas on how to start your own search, we ran a screen.
Read more »Paul Krugman’s Economic Blinders
Preferred Stock Investors: What Is Your Rate Of Return?
Whether you are considering buying or selling, understanding the potential or actual annual rate of return of a preferred stock investment is important to any strategy. But accurately calculating this key value can be a bit tricky.
There are a variety of calculations, each of which use a variety of assumptions and, therefore, offer values that can vary. The calculation that you use depends on how closely these assumptions align with your objectives.
Read more »Facebook IPO Hilarity
Just in case this didn't reach your inbox, here's a hilarious fake letter from Mark Zuckerberg to potential Facebook investors, written by Andy Borowitz.... read more >
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