Tech fell so far at the start of the new millennium, it was difficult to imagine that the index could ever make up what it lost.
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The federal agency is trying to straighten out a messy, inefficient system for processing tips and complaints.
Want to report some funny business to the Securities and Exchange Commission? Good luck. You might get a better response launching a note in a bottle off to sea.
The SEC can be deaf to whistle-blowing, writes The Washington Post. And for evidence of that, look no further than one Bernard Madoff, the Ponzi king the SEC was warned about on numerous occasions.
And a lesser-known Ponzi schemer, R. Allen Stanford, was first reported to the agency five years before he got busted.
Wireless and financial companies waive donation fees, and Congress works to make contributions tax-deductible.
After some initial criticism, four major credit card companies -- Visa (V), MasterCard (MA), American Express (AXP) and Discover (DFS) -- are waiving fees for donations to some charities. Those companies normally take a small percentage of the donation as a service fee.
And major wireless companies are also waiving fees for text-message donations, USA Today reports. These companies normally wait until the customer pays the monthly bill before distributing the donation, but this time they are passing most of the money along very quickly.
MSNBC has more information on how you can help earthquake victims in Haiti.
The president needed someone to blame, so he went after banks. The whole thing is shameful.
By Jim Cramer, TheStreet
What did Goldman Sachs (GS) do to deserve this? That's all I can think of in the second day of President Obama's nuclear strike against companies that invest in anything other than plain-vanilla loans.
If you parse the words of Obama's statement Thursday, you come away with two thrusts: Smaller banks will keep us out of trouble and will not need to be bailed out, and what causes a bank to need bailing out is private-equity and hedge fund investing.
In other words, Goldman Sachs could cause a bailout because it does the most hedge fund and private-equity investing of any of the publicly traded companies.
This stock is up even as the market has been falling.
Written by Douglas Estadt
Todd Sullivan of ValuePlays.net always proves the success of one of his main investing ideas: Stick with the plan if you like thesis behind why you’ve invested.
Today it shone for American Capital (ACAS). The stock is up 10%-15% over the past three days with the market way down. Todd’s other main points today:
- President Barack Obama is making decisions (all too often) based on reactions.
- It's illogical to invest in banks when you don’t know what kind of rules they are going to operate under in the next few weeks.
- Todd’s pick GGWPQ is up today, and shoddy research is quickly shut down (once again).
Watch the video below to see more about Todd’s investing thesis.
If you're selective, you might gain from the troubled state's debt.
Written by Douglas Estadt
Catch Jim Gobetz of Wallingford Trust on his Web site. Here are the main tidbits I took from my chat with him today:
- Big banks are taking a blow right now, but that will get absorbed over the next day or two.
- The market is reacting negatively to President Barack Obama’s proposed bank policies.
- California debt provides good yield if you are selective. Jim is still buying.
Watch the video below to see more about Jim’s investing thesis
A tighter monetary policy in that nation will ripple across the global economy.
Written by Douglas Estadt
In my opinion, Rich Gordon, fixed-income strategist at Wells Fargo Securities, should have a star on the Wall Street Walk of Fame. Today he warns of the ripple effect that may very likely occur because of the tightening of China’s monetary policy. The world’s biggest economic powers are very co-dependent right now. Here are implications of this policy change:
- A drag on all risk assets in 2010.
- Upward pressure on government interest rates.
- A potential inflationary situation.
- Relative and absolute returns are harder to come by for investors.
Watch the video below to see Rich’s Market Outlook in its entirety.
Large banks need to wake up and act responsibly with respect to bonuses. Shareholders will benefit.
In the government vs. Wall Street vs. taxpayer uproar over big bank bonuses -- and now over the president's plan to rein in the banks -- one group doesn’t seem to get much attention:
The shareholders, who lost tons of money in the financial meltdown.
From this angle, the story isn't about populism or class warfare. It's about the owners of these companies wanting to maximize profits to rebuild share prices.
Case in point: Goldman Sachs' earnings report, released today, contained a surprisingly large profit, in part because it trimmed expected bonuses. (I prefer these 10 stocks without crazy bonuses this year.)
Yes, Goldman share went down on the day as a result of President Obama's bank-reform package. But ultimately, unless the investing rules have totally been thrown out, higher profits will ultimately mean higher stock prices.
Initially, many believed that Goldman was on tract to deliver bonuses in excess of $20 billion, no small amount.
Investors, worried that China is in a bubble, are starting to feel more optimistic about Brazil and the U.S.
Investors have turned bullish on the U.S. and are less bullish -- if not actually bearish so far -- on China, according to a Bloomberg survey of subscribers.
Investors who have been waiting for a buying opportunity in China and other emerging markets may be about to get their chance.
About 62% of survey participants called China a bubble, and while a third said China offered the best investment opportunities over the coming year, that was down from October, when 44% ranked China as best.
Investors now rank China in a virtual tie for first place with
Berkshire Hathaway splits its class B shares, which jumped in price to $72 Thursday.
That's the sense I get from reading this BusinessWeek article, which bemoans the loss of exclusivity at Berkshire after its shareholders approved splitting the company's class B shares 50-for-1. The price of a share dropped to about $67, although it quickly zoomed to $72 Thursday.
Buffett proposed the split, Ben Steverman writes, even though he previously said a lower share price would attract "inferior" buyers who don't share his value philosophy.
Here are some short plays for this expected downswing. Be careful, though, as these are volatile trades.
Stocks are plunging today after the Obama administration rocked financial markets with a new plan, courtesy of former Federal Reserve chairman Paul Volcker, to clamp down on the big banks.
This seems to play into the context of the political fallout from the Democrats' surprise loss of Ted Kennedy's old Massachusetts Senate seat to a Republican on Tuesday. Now, as we head into the November midterm elections, the new strategy from Obama's party appears to be to change the subject from health care to Wall Street. As a result, investors are spooked.
The report is still unconfirmed, but the rumored pay model looks good.
By Chadwick Matlin, The Big Money
Wednesday was the day The New York Times made its paywall announcement. Today it’s (sort of) Hulu’s turn. The Los Angeles Times published a scoopy piece today about Hulu’s future as a company with a pay model.
It’s important to note that none of the L.A. Times’ reporting is confirmed; all of the information comes from “people familiar with the matter who were not authorized to speak publicly.” Nevertheless, the highlights:
- You’ll still get the past five episodes of a show for free.
- Beyond that, you’ll have to pay $5 a month for access to a larger library of back episodes.
- Per the L.A. Times: “Hulu believes it will need at least 20 TV series -- both current ones and those no longer on the air -- to make such a pay service attractive to users.”
- This whole thing could come out in the next six months.
To which I say: Yes! Wonderful news all around.
A Supreme Court decision says corporations can spend freely to support or defeat a federal candidate.
The move is widely considered a boost for Republicans in the upcoming midyear elections.
The court's decision struck down parts of a 2002 campaign finance law crafted by U.S. Sens. John McCain and Russ Feingold. The 5-4 decision was a bitter one, reports The New York Times, and "was a doctrinal earthquake but also a political and practical one."
Before now, companies and unions weren't allowed to spend money on television ads or billboards supporting (or booing) a federal candidate, according to the Los Angeles Times. But the court said the First Amendment does allow for that.
The latest viral video sensation could create a run on pants, and a recovering economy should help these 3 hip clothing stocks.
By Louis Navellier
You may look like a fool with your pants on the ground, but the latest viral video sensation -- "American Idol" contestant Gen. Larry Platt singing his hit song "Pants on the Ground" -- might turn into an anthem for American youths.
Parental lamenting about kids with pants that hang too low will have little impact on a fashion trend that is likely to continue for some time. If anything, the popularity of the song will have the opposite intended impact.
The Leading Economic Index has been up for five of the past six months.
- Know what the economy is doing.
- Know what the stock market is doing.
- Buy only stocks hitting new highs in at least 50% of recent trading sessions.
- Manage the portfolio you own by selling at your predetermined maximum loss point.
To know how the economy is doing, I ignore all the daily and sometimes hourly news reports on the economy and wait for the Conference Board's monthly report that usually comes out the third week of the month. The reports are simple, with an analysis of just 21 indicators divided into leading, coincident and lagging indicators.
Collective wisdom can give an early warning on stocks with momentum that might be sustained. One candidate: Oracle.
This post comes from The Motley Fool's Rich Smith.
The idea of buying a stock right after it establishes a 52-week high sends dread through many investors, who start to worry about the whole "gravity" thing.
That's the thesis of my weekly column on Nasdaq Composite Index ($COMPX) stocks trading around their one-year highs. I run the names through the wisdom-of-crowds meter we call MSN CAPS, and out comes a list of stocks that could be poised to plunge.
But while many will indeed fall back to Earth, some seem immune to gravity, steadily riding a megatrend to ever-greater heights.
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Stocks drift lower and bonds are hit as investors await the Fed. Prepare for higher volatility this week.
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
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[BRIEFING.COM] The stock market welcomed the new trading week with a mixed session that saw relative strength among large-cap stocks, while high-beta names underperformed. The Dow Jones Industrial Average (+0.3%) and S&P 500 (-0.1%) finished near their flat lines, while the Nasdaq Composite and Russell 2000 both lost 1.1%.
Equities began the day on a cautious note amid continued concerns regarding the strength of the global economy. Over the weekend, China reported its first decline ... More
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