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The (early) Lunch Wrap
Bove vs Bloomberg, on JPMorgan || QEnd Game || EBA delays bank stress tests || Qatar bankrolls Syrian revolt || Dell profits below expectations || US farmland prices see double-digit rise || World’s largest container shipping company downgrades view on global trade || Tony Hayward appointed chairman of Glencore Xstrata...
Wanna know what the oligarchs will table for ENRC?
Then join Markets Live at 11am on Friday. Here. New to ML? Read on… - – - – - Continue reading: Wanna know what the oligarchs will table for ENRC?...
10 Countries Getting Slammed By The Gold Market Meltdown (GLD)
Gold prices have fallen over 12.5% since April 1. They are now below the crucial $1,400 level. This is bad news for central banks that have been diversifying their foreign reserves to include gold. Yet central banks continue to be net purchasers of gold. Global central banks bought 109 tonnes of gold in...
The 6am Cut London
Asian stocks mixed || Osborne's budget cuts in trouble || Dell earnings miss || Singapore Airlines reports loss || Europe bank stress tests delayed but tougher || Bolland's M&S bonus under threat again || BoE queries IMF calculations on easing loss || BP Gulf could see late surge of compensation...
CREDIT SUISSE: 'Gold Is Going To Get Crushed'
Bearish sentiment toward gold has prices for the yellow metal tumbling again. On Wednesday, George Soros revealed through a regulatory filing that he cut his gold exposure during the first quarter. In a new note to clients, Credit Suisse's Ric Deverall forecasted that gold would plunge to $1,100 this year and eventually...
Jeff Gundlach And Mel Gibson Were On An Elevator In Whole Foods, And What Happened Next Had Gundlach Chuckling
The legend of bond investing god Jeff Gundlach continues to grow. After making a name for himself by accurately predicting the trajectory of interest rates, Gundlach also made successful calls on natural gas, Japanese stocks, and Apple. After getting burglarized, he even played a critical role in tracking down his stolen goods. All...
Morgan Stanley Explains Why The US Dollar Is The Hottest Currency In The World Again
The US Dollar is HOT. Here's a chart of the trade-weighted dollar index. You can see it rallied in 2012, and has gone nuclear in 2013. So what gives? Dollar strength is the topic of this evening's Morgan Stanley FX Pulse. The basic gist is: It's about weakening yen, strengthening data, increasing US yields...
Some New Data Out Of Japan Is Just Awesome
Abenomics, it's working! (For those who still don't know what Abenomics is, it's the new shock stimulus from new Prime Minister Shinzo Abe, who is using fiscal and ultra-aggressive monetary policy to juice the economy). So far that's hard a remarkable effect on financial markets. The yen has been felling hard, the...
Here's How To Pick An Online Broker The Right Way
Each week, one of our investing experts answers a reader's question in our InvestingAnswers' Q&A column. Question: Hello. I've decided I want to start investing, and I'm thinking of using an online broker instead of visiting a brokerage firm. Is there anything I need to know before I start? Karen K., Palo Alto, Calif. The Investing Answer: I'm a big fan of online brokers. You...
The Closer
FURTHER FURTHER READING - Central bank competence is a technology.Continue reading: The Closer...
Josh Brown: The Black Swans Have 'Had Their Necks Broken'
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Black Swans Are Having Their Necks Broken (The Reformed Broker) Investment advisor Josh Brown looks at the stock market, the housing market, the energy revolution in the U.S., and the emergence of new industries, and...
STOCKS FALL AFTER BAD ECONOMIC DATA: Here's What You Need To Know
All four economic data releases missed expectations today. First, the scoreboard: Dow Jones: 15,231.84, -43.85, (-0.29%) S&P 500: 1,650.42, -8.36, (-0.50%) Nasdaq: 3,465.24, -6.38, (-0.18%) And now, the top stories: Three big economic data releases came out at 8:30 AM, and all three fell short of economists' expectations. Initial jobless claims surged to 360,000 (330,000 expected), consumer prices fell 0.4% month-over-month (-0.3% expected), and...
Tesla's Earnings Quality Is Sketchy, But Its Stock Keeps Soaring
If there is one lesson that resonates from years of watching markets, it's that earnings quality doesn't matter in cult stocks on the rise. Nobody wants to hear it. Look no further than Netflix. Or even Amazon. All of which brings us to Tesla. Flying red flags over its earnings quality would...
Environmentalists And The Energy Industry Both Hate The New Rules For Fracking Federal Lands
The Interior Department's Bureau of Land Management just released revised rules governing hydraulic fracturing — fracking — on public lands. They seem to have upset both environmentalists and the industry — we've already received two insta-press releases from both sides criticizing the updated regulations. That's usually a good sign. The actual news is that...
Abercrombie & Fitch's Reputation Tanks After It Discriminates Against Large Women
Abercrombie & Fitch's reputation has taken a hit since Business Insider's story tied CEO Michael Jeffries' comments about beautiful people to the company's refusal to offer XL and XXL clothing. Two weeks ago, the company's reputation was similar to that of competitors American Eagle Outfitters and H&M, according to a report...
Bove vs Bloomberg, redux
Dick Bove’s focus is on this? The ex-Rochdale banking analyst, now at Rafferty, has found a hook in the Bloomberg terminal-snooping story for his latest note:Continue reading: Bove vs Bloomberg, redux...
A Hedge Fund Rising Star's Killer Presentation On Blucora — Two Businesses For The Price Of One
Zack Buckley, managing partner at Buckley Capital Partners, gave an interesting bullish presentation for tech company Blucora at this year's Value Investing Congress in Las Vegas. Blucora is a company that operates two internet businesses — TaxACT, a tax prep site, and InfoSpace, an online search and monetization service for small...
Why The Average Person Could Never Pull Off Mark Cuban's Massive Yen Short
We recently reported that Mark Cuban refinanced every last dollar of his debt into Japanese Yen. There are two reasons to do this. One is that interest rates in Japan are very low. The other reason is that it's a yen short. If the value of the yen collapses (as it...
BERNIE MADOFF: I Am Responsible For My Son's Death And I Can't Sleep
Convicted ponzi schemer Bernie Madoff, who is serving a 150 year prison sentence, told CNN Money's Aaron Smith that he blames himself for the death of his oldest son. From CNN Money: "I was responsible for my son Mark's death and that's very, very difficult," he said. "I live with that. I live with the...
All Around The Country, Regulators Are Getting Bullied Over Fracking
More than four years after America's hydraulic fracturing boom kicked off, conflicts of interest between officials charged with regulating the controversial practice and the oil and gas industry remain widespread. Meanwhile, in-depth studies of fracking's effects on human health and the environment remain scant. Conflicts of interest and undue corporate influence among...
