10 Tuesday PM Reads
My afternoon train reading: • How Apple and Microsoft Armed 4,000 Patent Warheads (Wired) • SEC Trials Increase 50 Percent as Execs Fight Lawsuits (Bloomberg) • Social Security is not going broke (Reuters) • Creating the Windows 8 user experience (MSDN Blog) • Goldman Sachs Boosts Tech Investments After Facebook IPO (Bloomberg) • A new...
Plenty of Blame to Share for Faulty Facebook IPO
Plenty of Blame to Share for Faulty Facebook IPO: Ritholtz
Plenty of Blame to Share for Faulty Facebook IPO
Plenty of Blame to Share for Faulty Facebook IPO: Ritholtz
Will America Ever Recover From The Housing Crisis
Click for ginormous chart: Source: Bank Of The Internet
Japan gets tap on shoulder
Poor sovereign government finances are not just the province of Europe. Fitch this morning downgraded the credit rating of Japan to A+, one notch below both S&P and Moody’s. Fitch stated the obvious extraordinary amount of debt they have relative to GDP but said “the country’s fiscal consolidation plan looks leisurely relative even to other...
Existing Home Sales: Without Foreclosures, Prices Pop 10.1%
Source: Calculated Risk Existing Home Sales were released today. To back out the strong effect seasonality has on this data, we prefer using the NSA chart (above). Existing-home sales rose in April and remain above a year ago at a slightly better sales pace than April 2011, but they remains significantly lower than April...
Are Markets in a Crash?
Followers of my various writings on sites such as MarketWatch, Minyanville, SeekingAlpha, and theStreet know that I have been wildly bullish on stocks for 2012, making the case that we could see a 2003/2009-like move as the reflation trade takes hold (see my segment on Bloomberg in late March). On April 6th, I argued that...
IAEA claims to have reached deal with Iran
China Securities Journal suggests that the government will accelerate approvals and funding for infrastructure projects. I remain sceptical and certainly believe that the pop in the miners, due to these comments, is way overdone. Inventories af raw materials in China and, indeed, finished products eg steel remain high. In addition, the Chinese don’t need more...
10 Tuesday AM Reads
My early morning reads to start the week: • Two market perspectives: …..-Leading indicators of a market top (Market Watch) …..-S&P 500 Has Biggest Gain in Two Months on China Signals (Bloomberg) • U.S. lets China bypass Wall Street for Treasury orders (Reuters) • JP Morgan’s Isn’t the Only Bad Bank Chart (Market Watch) •...
A Big Junk Bond Trade
Bloomberg.com – Junk-Debt ETFs Set Markets ’Abuzz’ After Record Trades The biggest trades on record in shares of two exchange-traded funds that invest in junk debt are attracting attention to the four-year-old market that allows anyone from banks to retirees fast and discreet access to speculative-grade bonds and loans. The transactions were completed hours before JPMorgan...
So, You Think You Really Know What Happened with Facebook’s IPO on Friday?
We received many calls on Friday looking for our take on how NASDAQ handled the Facebook IPO. We answered those calls fairly un-sensationally, and even congratulated NASDAQ for not BATS-ing. Looking back on Friday’s action, and our perceptions, we were actually relieved that Facebook didn’t do a Faceplant. Isn’t it sad that if an IPO...
