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  • Opinion: Two dreaded words — mean reversion — take hold of the U.S. stock market

    03/22/2018 1:26:54 PM PDT · by Beave Meister · 10 replies
    Market Watch.com ^ | 3/22/2018 | SIMON MAIERHOFER
    Facebook’s mini-crash — the company’s stock is down over 13% in three days — is a reminder that even red-hot FAANG stocks can fall. Facebook FB, -0.08% took the stairs up and the elevator down. Did the Facebook shock just offer a glimpse into stock market future? Read on, and I’ll explain. Mean reversion Let’s not forget that Facebook’s stock is still up 865% since its 2012 low. For most of the past five years, Facebook has been trending higher in a well-defined trend channel. Let’s call this the “mean.” In July 2017, Facebook jumped above the trend channel and...
  • 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
    Townhall.com ^ | 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
    cnbc.com ^ | 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
    Townhall.com ^ | 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 finance.yahoo.com ^ | 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
    http://www.foxbusiness.com ^ | 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...