The madness of the manipulation machinery on Wall Street knows no bounds.
Remember credit default swaps (CDS)? They're the risky financial derivatives traded among FDIC-insured banks that, during the 2007-08 financial crisis, took down Lehman Bros. and almost bankrupted giant insurer AIG Inc.
Well, they never went away. And now they're making a comeback, and Wall Street is using them in ever more maniacal ways.
The madness of the manipulation machinery on Wall Street knows no bounds.
Remember credit default swaps (CDS)? They're the risky financial derivatives traded among FDIC-insured banks that, during the 2007-08 financial crisis, took down Lehman Bros. and almost bankrupted giant insurer AIG Inc.
Well, they never went away. And now they're making a comeback, and Wall Street is using them in ever more maniacal ways.
Earlier this week, Shah showed you how financialization of the U.S. economy could destroy the middle class.
Globalization is also an insidious contributor to the widening income gap and wealth inequality in the U.S. It's essentially another nail in the coffin of the middle class.
But it's still possible to stop both of these disasters before it really is too late...
Wednesday, December 10, 2014, was a great day to be an insider trader.
A three-judge panel of the U.S. Second Circuit Court of Appeals overturned insider trading convictions of former hedge fund managers Todd Newman and Anthony Chiasson.
Not only did the appeals court reverse the much-publicized guilty verdicts against the two traders, its 28-page decision effectively rewrites the meaning of insider trading.
The immediate outcome of the decision not only affects the two hedge fund executives, other traders convicted of insider trading, and charged individuals who pled guilty, it will also change how traders use inside information to their benefit in the future.
The court decision is as surprising as it is profound...
Start the conversation
Leave a Reply
Goldman Sachs Group Inc. (NYSE: GS) stock is up today (Tuesday) after GS earnings surprised Wall Street with a strong beat. The investment powerhouse reported second quarter results before Tuesday's opening bell.
Editor's Note: By now you're familiar with Michael E. Lewitt of The Credit Strategist. We love his work. Today, he has a special report on current, troubling conditions at this late stage - and a dire warning for investors who may be unprepared. Here's Michael...
"Markets are priced to perfection...
Signs of late cycle behavior and thinking are abundant...
The latest example came from BMO's strategist Brian Belski, who published a report arguing that the bull market in stocks will continue for another ten years with annual gains of 10.5%.
This is the type of report that appears at market peaks. Despite the fact that it was dressed up in statistics and produced by a respectable brokerage house, this isn't a serious piece of research; it is nonsense and anyone who takes it seriously and invests based on its conclusions deserves the losses that will follow."
The above is excerpted from a recent report I produced for my Credit Strategist readers. I wanted to share with you some of my thinking on rapidly coalescing signs that point to growing cracks in the façade of a healthy market... Full Story
Start the conversation
Leave a Reply
Wall Street news today, July 1, 2014: U.S. stock markets were flat on Monday, but that represented good news as the second quarter came to a close. The S&P 500 and Nasdaq finished up for a sixth consecutive quarter, and the S&P 500 posted its best second-quarter gain since 2009.
Here’s the Wall Street news that will be moving markets today:
Stock market today, May 22, 2014: Yesterday (Wednesday), the Dow Jones Industrial Average closed with a triple digit jump after no surprises emerged from the U.S. Federal Reserve's April meeting minutes.
Here’s what you should know to make your Thursday profitable:
Start the conversation
Leave a Reply
Top financial news today, May 21, 2014: The Dow Jones Industrial Average plummeted more than 100 points on Tuesday after a sharp selloff in retail stocks rattled the markets.
Here are the top financial news stories you should know to make your Wednesday profitable…
Start the conversation
Leave a Reply
Wall Street news today, May 20, 2014: The Dow Jones Industrial Average was up on Monday despite the fact that a megadeal between the world's leading drug companies fell through. Tech and small-cap stocks saw the strongest performances on the day.
Here are the 10 things moving markets in the stock market today:
Start the conversation
Leave a Reply
Wall Street news today, May 12, 2014: The Dow Jones Industrial Average was flat on Friday as the market looks ahead to a critical succession vote by Pro-Russian loyalists in the Ukraine. Unimpressive jobs data also played a factor in the markets' performance.
This morning, U.S. Futures and global markets were on the rise after China's State Council committed to greater market liberalization over the weekend.
Here's what you need to know to make your Monday profitable:
Start the conversation
Leave a Reply
Wall Street news today, May 9, 2014: The Dow Jones Industrial Average jumped Thursday as U.S. Federal Reserve Chair Janet Yellen offered a positive outlook for the U.S. economy during her congressional testimony. The Nasdaq, however, was down after technology stocks took yet another hit.
This morning, U.S. Futures are in the red as new concerns over Ukraine have emerged.
Here's what you need to know to make your Friday profitable:
Start the conversation
Leave a Reply
Financial news today, May 8, 2014: The Dow Jones Industrial Average jumped Wednesday after Fed Chair Janet Yellen told the Joint Economic Committee of Congress that the U.S. economy needed additional support to buffer the "considerable slack" in the labor market. Yellen also stressed risks in the housing market and rising geopolitical tensions.
This morning (Thursday), U.S. futures are flat on positive Chinese trade data and the anticipation of jobless claims.
Here’s what you need to know to make your Thursday profitable:
Start the conversation
Leave a Reply
Financial news today, May 7, 2014: Major indices slipped on Wednesday on news that the OECD cut its 2014 global forecast for growth by 0.2%.
Federal Reserve Chairwoman Janet Yellen will testify before the Joint Economic Committee of Congress this morning at 10 a.m. On Thursday, Yellen will appear before the Senate Budget Committee.
Here's what you need to know to make your Wednesday profitable.
Start the conversation
Leave a Reply
Financial news today, May 6, 2014: U.S. futures were on the rise Tuesday morning on mixed global results and positive forecasts for the national economy. The Organization for Economic Cooperation and Development said it expects U.S. economic growth to rebound strongly in Q2 2014 after the brutal winter weather. The agency also expects inflation to remain in check until mid-2015.
Here's what you need to know to make your Tuesday profitable.
Start the conversation
Leave a Reply
Wall Street news today, May 5, 2014: U.S. futures were in the red on Monday morning after new data indicated that Chinese manufacturing decreased for the fourth consecutive month in April. On Friday, all three major indices slipped after April's jobs report indicated erosions in the workforce participation rate.
Here’s the other news moving markets in the stock market today.
Start the conversation