NWAOnline (subscription)Reports: Facebook IPO May Have Cost Swiss Investment Bank UBS …Computerworld IndiaNasdaq has received widespread criticism for offering only $40 million in compensation to brokerages.Liability shield seen for Nasdaq on IPONWAO…
ABC News (blog)Nasdaq CEO: 'We're Embarrassed' by Botched Facebook IPOCNBC.comNasdaq OMX Group CEO Robert Greifeld told CNBC Wednesday that even though "we have been embarrassed" by the botched Facebook IPO, the exchange has no di…
ABC News (blog)Nasdaq plans to pay brokerages $40 million for Facebook IPO glitchesLos Angeles TimesBy Andrew Tangel NEW YORK — The operator of the Nasdaq stock market said it would set aside $40 million to repay brokerages that suffered losses in the…
There’s going to be a lot of very heavy betting over the next few days, weeks, and months on what’s going up, what’s going down, and what’s going around:
- How far will Facebook IPO price go?
- How far DOWN from here will JPMorgan go, with the FBI and DOJ now sniffing around?
- How far AROUND the globe will the fallout be if Greece loses its game of chicken?
If you don’t have the stomach for what’s going to feel like an out-of-control rollercoaster ride, sideline yourself.
If, on the other hand, you like a lot of action, welcome to Mayhem – the preamble month to what will likely be the Summer of Some Discontent.
That is, unless you like rapid-fire trading.
Which, by the way, is not just fun, but can be very, very profitable. I’m in, and so are the subscribers to my Capital Wave Forecast. We’re gearing up for some heavy betting in the weeks and months ahead.
So, what’s front and center today? You know. The big three headlines: Facebook, JPMorgan Chase, and Greece. Are you sick of hearing about them? I’m not. I like trading the headlines.
Here’s my “heads-up” on the big three headlines.
AllFacebookLast-Minute Investors Shut Out Of Facebook IPOAllFacebookHe (or she) who hesitates is lost when it comes to purchasing shares in Facebook's initial public offering Friday, as several brokers have reportedly stopped accepting orders for t…
I don’t know a hell of a lot about John Corzine. And what really is or was ‘MF Global?’
But what I do know is that it is difficult for me to see anything like a ‘crisis’ in any of the current metrics surrounding the US Dollar, the euro, and the intere…
It just doesn’t get any more bullish than today’s retail sales report. Or so you would think if you only read the mainstream media reports.…
Three years ago the most-powerful instutitions in America were the nation’s largest banks and brokerages, Wall Street for short.
While millions of people were losing their homes, their jobs and their savings, the nation’s elite extracted a $700…
The problem with mortgage fraud wasn’t broker compensation: it was the ease of the fraud and the incentives throughout the food chain for collusion. New Fed rules simply wipe out competitors to the “too big to fail” mortgage banks.
Why are we not …
I wrote this back at what proved to be the height of the crisis. I had occasion to find it and reread it. Interesting reading in retrospect…
January 30, 2009
I had dinner last night with a guy whose career wandered through nearly a half-dozen majo…
