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Keyword: sandp

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  • Global Equities' Trip Chowdhry Blasts Apple Management: 'Cook Has Zero Vision/Zero Passion[Trunc]

    01/03/2016 5:49:10 PM PST · by Up Yours Marxists · 16 replies
    Benzinga ^ | January 3, 2015 14:26 UTC | Garrett Cook
    Trip Chowdhry of Global Equities Research pulls no punches in his latest Apple Inc. AAPL 1.92% In a recent note, Chowdhry called for the "completely clueless" Tim Cook to be replaced. He cited a culture of "bozos" at Apple destroying $486 billion in shareholder value under Cook's management. Apple's PE multiple under Steve Jobs was consistently above the S&P 500 PE and above 20X according to Chowdhry. The S&P 500's current 20.5X PE dwarfs the 11.5X PE Apple generated under Tim Cook and Luca Maestri leadership. The lack of reward (positive yearly stock performance) is the market's way of telling...
  • Exchange Traded Funds, Pros & Cons --Investor Thread April 19, 2015

    04/19/2015 7:39:38 AM PDT · by expat_panama · 49 replies
    Weekly investment & finance thread ^ | 04/19/2015 | Freeper Investors
    [from IBD: Should ETFs Be In Your Investment Portfolio?]While ETFs have existed for several decades, their popularity and diversity have exploded in recent years. But many investors are just learning about them. Those looking for tips on how to invest in ETFs just need some basic information to get started. In basic terms, ETFs can be thought of as mutual funds that trade like stocks. But their portfolios can contain U.S. and foreign stocks, bonds, futures, physical commodities or currencies. And ETFs choose the securities for their portfolios with an investment objective in mind. These investment goals include growth...
  • S&P To Pay $1.5 Billion In Settlements With DOJ, States, CalPERS

    02/03/2015 9:02:57 AM PST · by BenLurkin · 7 replies
    McGraw Hill Financial, parent company of ratings agency S&P Financial Services, said Tuesday that it has reached deals it hopes will finally put to bed formal debate about its role in the collapse of the housing market and the subsequent financial crisis. Resolution will cost McGraw Hill $1.5 billion in settlements — $687.5 million to DOJ, $687.5 million to settle state complaints and, separately, $125 million to California Public Employees’ Retirement System. The dispute’s origin stretches back more than a decade to September 2004 when the Federal government claims S&P began “a scheme to defraud investors” that lasted until October...
  • A Darkening Market Sky [Maybe; Investment & Finance Thread Feb. 1]

    02/01/2015 10:49:28 AM PST · by expat_panama · 54 replies
    Weekly investment & finance thread ^ | January 30, 2015 | Freeper Investors
    On the left is the excerpt --from the expert linked in Real Clear Markets:  A Darkening Market Sky - Anthony Mirhaydari, The Fiscal Times     By Anthony Mirhaydari, The Fiscal Times January 30, 2015 With the first month of the new year coming to a close, it's clear that 2015 is shaping up to be quite different from the smooth, easy climb investors enjoyed in 2013 and 2014.As recently as late December, the market optimism seemed indefatigable as stocks powered to new record highs on hopes for new stimulus from the European Central Bank, solid U.S. economic data and a strengthening tailwind to consumer spending...
  • Obama to Lay the Wood S&P with $1B Fine After US Debt Downgrade

    01/17/2015 9:37:05 AM PST · by Kaslin · 36 replies ^ | January 17, 2014 | Neil McCabe
    The Justice Department is about to put the squeeze on the Standard & Poor's credit rating service for the tune of $1billion, roughly its 2014 profit, and a fine meant to send a message, according to a Jan. 12 report in The New York Times. The message: Do not tangle with the Obama administration. The charge: Standards & Poor's analysts misrepresented their sincere opinion of securities, and instead downplayed the amount of risk associated with the securities, specifically Residential Mortgage-Back Securities and Collateral Debt Obligations, in order to ingratiate themselves to the companies issuing the securities. This charge, which Attorney...
  • Gangster Government–The Attack On Standard And Poor

    01/14/2015 5:52:44 PM PST · by 54fighting · 6 replies
    The Daily Surge ^ | 1/14/15 | Roberto Escoban
    In 2011, concerned about the growing debt crisis, Standard & Poor, the venerable credit rating firm, downgraded the U.S. bond rating for the first time from “Triple-A” to “AA-plus,” a move that sent shockwaves through the financial markets raising troubling questions about the government’s growing debt. The move hit a nerve with a White House gearing up for a massive re-election campaign. Then Treasury Secretary Timothy Geithner called the Chairman of McGraw Hill, the owners of S&P, declaring that the government would hold S&P “accountable” and their conduct would be “looked at very carefully.” Geithner wasn’t bluffing. The Obama Administration...
  • Here's why oil is such a problem for corporate earnings

    01/13/2015 5:09:40 PM PST · by Lorianne · 12 replies
    CNBC ^ | 12 January 2015 | Bob Pisani
    Oil and natural gas are sliding again to multi-year lows, and once again it is having an influence on stocks. What's important is to understand the outsized influence this near-daily drop in oil (six months and running!) is having on corporate earnings. Even though the energy sector is only roughly 8 percent of the market capitalization of the S&P 500, the decline in earnings in that sector has been so dramatic that it is affecting earnings estimate for the entire S&P 500. On December 1st, analyst anticipated that Energy earnings for Q1 2015 would decline 13.8 percent compared to Q1...
  • S&P 500 extends drop into 3rd day; Dow falls 100 pts

    09/23/2014 11:52:06 AM PDT · by John W · 15 replies ^ | September 23, 2014 | Kate Gibson
    U.S. stocks declined on Tuesday, with the S&P 500 falling for a third day, as investors weighed data illustrating a slowing global economy and tracked conflict in the Middle East. "A lot of it is spillover from Europe, the data last night wasn't so great. We had the contraction in France, slower growth in Germany, and China came out with employment numbers that were not so great. People are nervous and taking profits are all-time highs," said JJ Kinahan, chief strategist at TD Ameritrade.
  • Does George Soros Know Something We Don’t About The S&P 500?

    08/16/2014 6:18:24 AM PDT · by blam · 20 replies
    Mrket Watch ^ | 8-16-2014 | Barbara Kollmeyer
    August 15, 2014 By Barbara Kollmeyer Oh, goody. It’s 13F time, when mere mortals like us get to see how the big boys rolled the dice in the last quarter. Among the highlights, Soros Fund Management increased a bear-call bet on the S&P 500 in a huge way. The fund lifted a put position — a bet the market will go lower — on the S&P 500 ETF SPY to its biggest size yet, in terms of value and portfolio percentage, making a 605% leap over the previous quarter. Bullion Baron, who has long kept a beady eye on Soros’s...
  • More evidence points to fed prosecutorial abuse of S&P over downgrade of federal debt rating

    08/17/2014 6:41:24 AM PDT · by SeekAndFind · 1 replies
    American Thinker ^ | 08/17/2014 | Thomas Lifson
    If the Obama administration used federal prosecutors to exact vengeance on Standard and Poor’s for downgrading the rating of federal debt, that would be a serious crime, an impeachable offense if it could be traced to the Attorney General or the President (not that anyone other than Democrats is interested in impeachment).  It would be evidence of thug government, where the rule of law has been replaced with the law of the jungle, using prosecutorial power as an instrument of political intimidation, as in Travis County, Texas. That’s why a recent court filing by Standard and Poor’s may lead to...
  • Standard and Poor's Downgrades Russia's Credit Rating (1 Notch above Junk)

    04/27/2014 5:51:40 AM PDT · by equalator · 13 replies
    Breitbart ^ | 4-25-14 | Chriss Street
    Standard & Poor’s downgraded Russia’s credit rating to BBB-, just one notch above junk, and warned that the nation faced a further downgrade in the event of tighter financial sanctions by members of the North Atlantic Treaty Organization (NATO). To prevent a big drop in the exchange rate of their ruble currency, Russia’s central bank increased its benchmark interest rate to 7.5% in an effort to trim inflation. The Central Bank of Russia raised the rate it loans to the nation’s bank by .5% following the S&P downgrade. The last time the country’s monetary authorities raised rates was in March--to...
  • Furious Russia, Downgraded Just Above Junk By S&P, Proposes "Scorched Earth" Retaliation on NATO

    04/25/2014 7:30:37 AM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 04/25/2014 | Tyler Durden
    Cyprus and Russia - what's the difference (aside from the fact that the former was a money laundering offshore center of the latter until last year of course)? If you said one is a lackey to statist, selfish banker interests, and after having its economy thoroughly destroyed by the great doomed European sociopolitical (and pathological) experiment, came crawling back to its Eurozone masters, while the other couldn't care one bit about Pax Petrodollariana and the global central bank cabal, you are right. In which case it will also be clear why a few hours ago that joke of a...
  • Timothy Geithner Teaches Standard & Poor's The Chicago Way

    01/24/2014 9:16:15 AM PST · by raptor22 · 10 replies
    Investor's Business Daily ^ | January 24, 2014 | IBD EDITORIALS
    Hardball: Hell hath no fury like an administration embarrassed by a top credit-rating agency stating the obvious — that its perilous spending policies and rising debts warranted a downgrade just like any poorly run business. Speaking at a fundraiser in Philadelphia on June 13, 2008, candidate Barack Obama said of his Republican opposition: "If they bring a knife to the fight, we bring a gun." In this case, in August 2011, Standard & Poor's brought an embarrassing downgrading of U.S. debt to AA+ from AAA in advance of the president's re-election bid, the first such reduction in U.S. history. In...
  • Bombshell sworn allegation against Tim Geithner

    01/22/2014 6:50:06 AM PST · by afraidfortherepublic · 32 replies
    The American Thinker ^ | 1-22-14 | Thomas Lifson
    If anyone thinks "Bridgegate" is an example of political bullying and abuse of power, then the sworn (under penalty of perjury) allegation of a corporate heavy hitter against Secretary of the Treasury Timothy Geithner is off the charts. Bloomberg Businessweek reports: Former U.S. Treasury Secretary Timothy Geithner told McGraw Hill Financial Inc. Chairman Harold W. McGraw III in 2011 that Standard & Poor's downgrade of the U.S. debt would be met by a response, S&P said. S&P filed a declaration by McGraw yesterday in federal court in Santa Ana, California, as part of a request to force the U.S. to...
  • Geithner Warned S&P Chairman US Would Retaliate For Downgrade

    01/21/2014 6:08:55 AM PST · by Rusty0604 · 14 replies
    Zerohedge ^ | 01/21/2014 | Tyler Durden
    <p>Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”</p> <p>Geithner’s response: “No risk of that.”</p> <p>“No risk?” Barnes asked.</p> <p>“No risk,” Geithner said.</p> <p>Considering that the US was downgraded by S&P just 4 months later, one person who certainly will never forget his idiotic preannouncement, is the former Treasury secretary, Tim Geithner. And being the sore loser that everyone suspected he was (although one hopes his recent well-paid move to Warburg Pincus will help soothe his sensitivity) it will come as no surprise that Geithner told the Chairman of embattled rating agency Standard & Poor's, that its downgrade of the US from AAA to AA+ "would be met by a response."</p>
  • Filtering the S&P 500's Echoes of the Past, Part 1

    11/24/2013 5:44:00 AM PST · by Kaslin ^ | November 24, 2013 | Political Calculations
    What exactly was happening one year ago and just six months ago in the stock market? We're asking that question today is because of the two charts we featured yesterday that we're showing side-by-side below, which look very similar to one another except for the very recent trajectory of stock prices: In the chart on the left, we're showing the change in the year-over-year growth rate of S&P stock prices with respect to the change in the year-over-year growth rate of expected future dividends per share. In the chart on the right, almost everything is the same as on the...
  • The Last Mystery of the Financial Crisis

    06/21/2013 11:28:11 AM PDT · by posterchild · 11 replies
    Rolling Stone via ^ | Fri June 21, 2013 | Matt Taibbi
    What about the ratings agencies? That's what "they" always say about the financial crisis and the teeming rat's nest of corruption it left behind. Everybody else got plenty of blame: the greed-fattened banks, the sleeping regulators, the unscrupulous mortgage hucksters like spray-tanned Countrywide ex-CEO Angelo Mozilo. But what about the ratings agencies? Isn't it true that almost none of the fraud that's swallowed Wall Street in the past decade could have taken place without companies like Moody's and Standard & Poor's rubber-stamping it? Aren't they guilty, too? Man, are they ever. And a lot more than even the least generous...
  • S&P Upgrades U.S. Credit Outlook to ‘Stable’

    06/10/2013 2:24:54 PM PDT · by lowbridge · 6 replies ^ | june 10, 2013 | matt egan
    Ratings company Standard & Poor’s upgraded its outlook on the U.S. to “stable” from “negative” on Monday and said “tentative improvements” on the political and economic fronts have bought Washington extra time to grapple with long-term challenges. The move comes almost two years after S&P shook up Washington by becoming the first ratings company to remove the nation’s pristine “AAA” rating due to widespread concerns about soaring debt and deficit levels. But S&P affirmed its “AA+” credit rating on the U.S. on Monday and said the revised outlook to “stable” indicates the likelihood of a near-term downgrade is less than...
  • DoJ lawsuit against S&P even sillier than first thought (Banks got duped on their own offerings?)

    02/08/2013 7:56:06 AM PST · by SeekAndFind · 7 replies
    Hotair ^ | 02/08/2013 | Ed Morrissey
    I wrote Tuesday about the hypocrisy and perhaps vindictiveness of the Department of Justice’s lawsuit against ratings agency Standard & Poor’s for rating toxic mortgage-backed securities and their derivatives highly before the housing bubble popped. Apparently I wasn’t tough enough on … the DoJ. Bloomberg’s Jonathan Weil explains why the lawsuit isn’t just ill-considered, but downright silly: Oh, the poor suckers at Citigroup Inc. and Bank of America Corp., fooled about the stench of their own garbage by those sneaky credit raters at Standard & Poor’s.The U.S. Justice Department made some peculiar allegations in its lawsuit this week against S&P...
  • The Obama Hypocrisy: US sues S&P over pre-crisis mortgage ratings

    02/08/2013 6:33:10 AM PST · by Madhattan · 1 replies
    In charges filed late Monday in Los Angeles federal court, the Justice Department said S&P gave high marks to mortgage-backed securities that later went sour, even though it knew they were risky. The government said S&P misrepresented the risks because it wanted more business from the banks. The case is the government's first major action against one of the credit rating agencies that stamped their seals of approval on Wall Street's mortgage bundles. It marks a milestone for the Justice Department, which has been criticized for failing to make bigger cases against the companies involved in the crisis. "Put simply,...
  • Report: S&P to place ALL 17 Euro nations on downgrade warning

    12/05/2011 1:53:56 PM PST · by SeekAndFind · 7 replies
    Hotair ^ | 12/05/2011 | Tina Korbe
    Ahead of a planned summit of European Union leaders, the credit rating agency Standard & Poor’s has put all 17 Euro nations on review for a credit downgrade, which means France and Germany could lose the pristine AAA ratings they presently enjoy, Bloomberg News is reporting. The euro area’s six AAA rated countries are among the nations to be placed on a negative outlook pending the result of a summit of European Union leaders on Dec. 9, the people said today on condition of anonymity because the decision has yet to be announced. The euro reversed its gains and U.S. Treasuries rose...
  • Senate rejects the House stop-gap spending bill. Is a gov shutdown avoidable [Dems push rating down]

    09/23/2011 11:41:35 AM PDT · by NoLibZone · 7 replies
    Christian Science Monitor ^ | Sept 23 2011 | By Gail Russell Chaddock
    With near permanent brinksmanship the new normal, Congress headed into votes Friday to try to avert a government shutdown that is slated to occur on Oct. 1 if a continuing resolution bill is not passed. The Senate has voted to reject the temporary spending bill passed by the House late last night. With near permanent brinksmanship the new normal, Congress headed into votes Friday to try to avert a government shutdown that is slated to occur on Oct. 1 if a continuing resolution bill is not passed. In a surprise late night victory Thursday, House Republican leaders narrowly passed a...
  • Shake Up at S&P [link only]

    08/22/2011 6:54:21 PM PDT · by the invisib1e hand · 5 replies
    self | 082211 | self
    Sharma on "special assignment"...(probably witness protection or something)...until he leaves at end of year "to pursue other opportunities." McGraw-Hill said Douglas Peterson will become president of Standard & Poor’s beginning Sept. 12.
  • SEC Investigation of S&P: Could be Bad Move for Obama

    08/13/2011 3:01:20 PM PDT · by NoLibZone · 19 replies ^ | Aug 12 2011 | John Talty
    The U.S. Securities and Exchange Commission (SEC ) is now looking into potential insider trading by Standard & Poor's employees before the rating agency's decision to downgrade the U.S.'s long-term debt, according to Financial Times. The SEC has asked S&P to disclose which employees knew of the downgrade decision before the public announcement, as part of a preliminary examination into potential insider trading. The examination staff will likely try to decipher whether any person's with knowledge of the decision shorted stocks, or in any way benefitted from the U.S.'s downgrade to AA+ from an AAA credit rating. The SEC may...
  • S&P balks at SEC proposal to reveal rating errors [ Obama is off by 2 Trillion Dollars ]

    08/10/2011 1:53:55 PM PDT · by NoLibZone · 14 replies
    reuters ^ | Aug 9 2011 | reuters
    Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose "significant errors" in how they calculate their ratings. S&P, which was accused by the Obama administration of making an error in its calculations leading to Friday's downgrade, raised concern about the proposed new corrections policy and other issues in an 84-page letter to the Securities and Exchange Commission, dated August 8. The SEC is weighing sweeping new rules designed to improve the quality of ratings after their poor performance in the...
  • BARACKALYPSE NOW: New Watchwords

    08/08/2011 1:03:07 PM PDT · by Biggirl · 33 replies ^ | August 8,2011 | annem040359
    Today, President Barack Hussein Obama, a few days the United States credit rating went from being a “AAA” to a “AA+” downgrade in a decision by Standard and Poor or S & P decides to give a press conference, and what surprises me to NO END when President Obama still calls the USA a “AAA” nation DESPITE this downgrade. Well I have a set of “new words” in regards to what remains of the era of President Barack Hussein Obama and it came from the Drudge Report website: “Barackalypse Now” IMHO, President Obama, because of the over-spending and over-taxing that...
  • S&P downgrades Obama presidency to junk status

    08/08/2011 7:44:52 PM PDT · by 2ndDivisionVet · 13 replies
    The Washington Times ^ | August 8, 2011 | Eric Golub
    In a move that shocked President Obama and everybody else dedicated to obliviousness, Standard and Poors downgraded the Obama presidency to junk status. In an effort to soften the blow, the spelling was changed to junque, pointing out that Mr. Obama could at least refer to himself as "the cream of the cr@p." His dazed leftist supporters were left to argue about whether to say that the downgrade did not matter, or that it did but it was everybody else's fault. Mr. Obama argued that Standard and Poors was wrong with the same passion that a young boy in 1980...
  • China Attacks US'Debt Addiction'as America Loses AAACredit Rating[misplaced power exists]

    08/06/2011 9:42:35 AM PDT · by fight_truth_decay · 32 replies
    BBC ^ | 2:25PM BST 06 Aug 2011 | Richard Blackden, New York
    State news agency Xinhua said unless the US cut its "gigantic military expenditure and bloated welfare costs," another downgrade would be inevitable. But other countries, such as Australia, France and Japan, said they retained their faith in US bonds.
  • Buffett to FBN: S&P Downgrade "Doesn't Make Sense"

    08/06/2011 12:23:30 AM PDT · by Clairity · 45 replies
    Fox Business Network ^ | Aug 5, 2011 | Liz Claman
    Berkshire Hathaway Chairman and CEO Warren Buffett told the FOX Business Network that S&P's downgrade of the United States' triple-A credit rating "doesn't make sense." "I don't get it," Buffett told FBN late Friday night. In fact, Buffett reaffirmed his belief in the quality of the United States' credit telling FBN, "In Omaha, the U.S. is still triple A. In fact, if there were a quadruple-A rating, I'd give the U.S. that." Buffett told me tonight that Berkshire Hathaway's T-bill exposure is significant. "We just filed our 10Q and we have $47 billion in cash and cash equivalents. Well over...
  • S&P to the US: Your credit is no good [White House was prepared for, and expecting, a downgrade] [

    08/05/2011 7:38:21 PM PDT · by fight_truth_decay · 75 replies
    Salon ^ | Friday, Aug 5, 2011 21:45 ET | By Andrew Leonard
    Why the Tea Party-friendly Republicans of the U.S. House own this epic humiliation On Friday night, after a swirl of rumors and conflicting news reports that will be grist for the Washington pundit mill for years to come, Standards & Poor downgraded the credit rating of the United States.
  • Meet the countries in the Triple-A debt club

    07/29/2011 7:58:05 AM PDT · by shove_it · 13 replies
    Money/CNN ^ | 29 jUL 2011 | Annalyn Censky
    <p>NEW YORK (CNNMoney) -- Amid the contentious debt ceiling debate, the United States is at risk of being booted out of a prestigious group of countries that boast a spotless credit rating.</p> <p>Only 17 countries in the world -- currently including the U.S. -- hold the highly coveted triple-A rating from both Standard & Poor's and Moody's. (S&P rates an additional three countries as triple-A, that aren't featured on Moody's list).</p>
  • S&P official: Credible deficit cuts being proposed(Can be less than 4 trillion)(oops)

    07/27/2011 8:07:53 PM PDT · by Revel · 11 replies
    AP ^ | 7-27-11 | Martin Crutsinger
    WASHINGTON (AP) -- The head of a top credit rating agency says some of the deficit-cutting plans Congress is considering could lower the U.S. debt burden to a level that would allow the country to keep its triple-A credit rating. Standard & Poor's President Deven Sharma told a congressional panel Wednesday that previous reports indicating Congress would need to make $4 trillion in deficit cuts over 10 years to retain the top credit rating were inaccurate. (snip) He suggested in response to questions from Rep. Scott Garrett, R-N.J., that some level of deficit reduction below $4 trillion over a decade...
  • Vanity: S&P is going to meet with House Republicans at 3pm today

    07/21/2011 11:53:01 AM PDT · by Maceman · 17 replies
    Fox reported it a little while ago. I'm not finding it on their website, or at any other news source. Anyone know anything about this?
  • This Is The Part Where The Ratings Agencies Start Destroying The Economy

    07/14/2011 7:20:49 PM PDT · by The Magical Mischief Tour · 36 replies
    Business Insider ^ | 07/14/2011 | Joe Weisenthal
    The hot news of the night comes from S&P, which has warned that there's a 50% chance that the US will lose its AAA rating over the next 90 days. Obviously the debt ceiling fight as a lot to do with this, but there's more! It seems S&P specifically wants to see $4 trillion in deficit reductions, and if this debt deal doesn't produce that, then the US might still lose its AAA. There's virtually no chance of a $4 trillion deficit reduction without severe cuts to spending or tax hikes, either of which could be very negative to the...