#OCCUPYWALLSTREET: Holy Shit, Warren Buffett’s Son is an Idiot

Over the past 15 years, “we saw large corporations really screw people.”

-Howard Buffett

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Business insider reported in a GOOG for AKAM rumor and the shares of AKAM soared 17% as a result. People who bought in the after hours, based on that report, will be annihilated in the morning.

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No. Ticker Institutional Holder 1-week Return
1 PMI PAULSON & COMPANY, INC. 34.55
2 DEXO PAULSON & COMPANY, INC. 26.04
3 FCH PAULSON & COMPANY, INC. 25.37
4 BYD PAULSON & COMPANY, INC. 23.47
5 MNI PAULSON & COMPANY, INC. 22.79
6 BZH PAULSON & COMPANY, INC. 20.57
7 MGM PAULSON & COMPANY, INC. 19.93
8 C PAULSON & COMPANY, INC. 18.90
9 RF PAULSON & COMPANY, INC. 17.12
10 SHO PAULSON & COMPANY, INC. 15.47
11 BAC PAULSON & COMPANY, INC. 15.25
12 AHT PAULSON & COMPANY, INC. 15.07
13 THC PAULSON & COMPANY, INC. 15.00
14 LNG PAULSON & COMPANY, INC. 14.03
15 GGP PAULSON & COMPANY, INC. 12.59
16 FHN PAULSON & COMPANY, INC. 12.48
17 BEE PAULSON & COMPANY, INC. 12.44
18 RKT PAULSON & COMPANY, INC. 12.38
19 HIG PAULSON & COMPANY, INC. 12.27
20 COF PAULSON & COMPANY, INC. 11.87
21 HHC PAULSON & COMPANY, INC. 11.69
22 BZ PAULSON & COMPANY, INC. 11.13
23 BPOP PAULSON & COMPANY, INC. 10.07
24 LEA PAULSON & COMPANY, INC. 9.94
25 SLXP PAULSON & COMPANY, INC. 9.83
26 STI PAULSON & COMPANY, INC. 9.73
27 WHR PAULSON & COMPANY, INC. 9.48
28 ANR PAULSON & COMPANY, INC. 9.44
29 ACAS PAULSON & COMPANY, INC. 9.38
30 RIG PAULSON & COMPANY, INC. 9.21
31 CBG PAULSON & COMPANY, INC. 9.03
32 NG PAULSON & COMPANY, INC. 8.77
33 GEN PAULSON & COMPANY, INC. 8.43
34 WY PAULSON & COMPANY, INC. 8.04
35 IP PAULSON & COMPANY, INC. 7.73
36 MYL PAULSON & COMPANY, INC. 7.69
37 SPMD PAULSON & COMPANY, INC. 7.69
38 CNO PAULSON & COMPANY, INC. 6.49
39 XL PAULSON & COMPANY, INC. 6.12
40 NVS PAULSON & COMPANY, INC. 5.44
41 BLK PAULSON & COMPANY, INC. 5.01
42 MTN PAULSON & COMPANY, INC. 5.00
43 SNI PAULSON & COMPANY, INC. 4.87
44 RLJ PAULSON & COMPANY, INC. 4.85
45 GFI PAULSON & COMPANY, INC. 4.62
46 APC PAULSON & COMPANY, INC. 4.12
47 ARG PAULSON & COMPANY, INC. 3.94
48 AON PAULSON & COMPANY, INC. 3.79
49 FDO PAULSON & COMPANY, INC. 3.11
50 SUG PAULSON & COMPANY, INC. 2.23

They reported an alleged GOOG for AKAM rumor and the stock spiked $3.50.

Full rumor

FOMC minutes say some Fed officials sought to retain option of QE3

MANY FOMC MEMBERS SAID INFLATION RISKS `WERE ROUGHLY BALANCED’

FOMC OFFICIALS SAW `SIGNIFICANT’ RISKS TO OUTLOOK FOR GROWTH

No. Ticker % Change Market Cap
1 ACH 12.86 6,560,000,000
2 AEG 9.07 8,710,000,000
3 TEL 8.73 13,300,000,000
4 INFY 8.24 30,090,000,000
5 ING 8.19 30,040,000,000
6 RCL 7.94 5,110,000,000
7 BCS 7.85 32,680,000,000
8 SHLD 7.41 7,160,000,000
9 SLT 7.17 32,370,000,000
10 MFC 7.10 21,400,000,000
11 AIG 7.06 42,460,000,000
12 HDB 6.94 23,270,000,000
13 CTSH 6.73 20,490,000,000
14 PWE 6.66 7,050,000,000
15 DB 6.55 34,790,000,000
16 MPEL 6.44 5,510,000,000
17 DNR 6.39 5,240,000,000
18 CS 6.29 32,800,000,000
19 JCI 6.20 20,490,000,000
20 CLF 6.20 8,910,000,000
21 ASML 6.17 15,380,000,000
22 TCK 6.16 20,240,000,000
23 LPL 6.07 6,610,000,000
24 PHG 6.06 18,940,000,000
25 UBS 6.05 45,440,000,000
26 TI 6.01 22,450,000,000
27 IBN 6.00 19,770,000,000
28 HOT 5.90 8,270,000,000
29 BX 5.76 6,500,000,000
30 AFL 5.70 18,210,000,000
31 FITB 5.68 10,040,000,000
32 IVN 5.68 11,380,000,000
33 S 5.67 7,130,000,000
34 NFLX 5.65 5,710,000,000
35 CBD 5.64 9,350,000,000
36 HST 5.63 8,020,000,000
37 SCCO 5.61 22,770,000,000
38 IVZ 5.43 7,640,000,000
39 MT 5.41 29,510,000,000
40 C 5.39 81,240,000,000
41 TKC 5.32 9,920,000,000
42 SLF 5.29 14,360,000,000
43 CNQ 5.29 33,180,000,000
44 LNC 5.20 5,040,000,000
45 HIG 5.20 7,970,000,000
46 TTM 5.19 10,410,000,000
47 PUK 5.18 24,290,000,000
48 COH 5.14 17,140,000,000
49 ITT 5.07 8,220,000,000
50 ROK 5.06 8,860,000,000

No. Ticker % Change
1 LIZ 37.06
2 GMR 31.03
3 GTIV 21.88
4 FRO 19.00
5 PACB 18.77
6 FEED 18.37
7 SFUN 16.84
8 AONE 16.31
9 WTI 15.84
10 AXK 15.66
11 EXM 15.15
12 GU 14.58
13 EJ 14.22
14 QXM 14.00
15 HRZ 13.76
16 CRIC 13.75
17 PRGN 13.13
18 XG 13.06
19 ACH 12.86
20 NNBR 12.42
21 END 12.26
22 MCOX 12.06
23 COMV 11.83
24 CVVT 11.82
25 ARTW 11.76
26 RODM 11.50
27 DVR 11.44
28 NBG 11.32
29 ACUR 11.31
30 BPHX 11.11
31 HOV 10.91
32 ZNH 10.85
33 HOGS 10.76
34 GTE 10.60
35 ISS 10.40
36 EGLE 10.26
37 MBLX 10.07
38 TZOO 10.04
39 AERL 10.02
40 CPSL 10.00
41 YGE 10.00
42 HSOL 10.00

He was firmly rebuffed.

Putz.

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+2% to 5.74%. This is being widely ignored.

The stock is soaring on the news, ticker LIZ.

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Liz Claiborne, Inc. (the “Company”) announced on October 12, 2011 that the Company had entered into a definitive agreement (the “Agreement”) to sell its LIZ CLAIBORNE family of brands and MONET brand to J.C. Penney Corporation, Inc. (“JCPenney”) for a total purchase price of $267.5 million. This transaction (the “JCPenney Transaction”), along with the transactions described below and under Item 7.01(a) (collectively, the “Transactions”), will result in total cash proceeds to the Company of approximately $328.0 million.

The JCPenney Transaction includes the sale of domestic and international trademark rights for LIZ CLAIBORNE, CLAIBORNE, LIZ, LIZ & CO., CONCEPTS BY CLAIBORNE, LC, ELISABETH, LIZGOLF, LIZSPORT, LIZ CLAIBORNE NEW YORK, LIZWEAR and domestic trademark rights for MONET. The LIZ CLAIBORNE NEW YORK and LIZWEAR trademarks will be licensed back royalty-free to the Company until July 2020. Further, the Company will serve as the exclusive supplier of jewelry to JCPenney for the LIZ CLAIBORNE and MONET brands. The JCPenney Transaction also includes receipt by the Company of an advance of $20.0 million (refundable to JCPenney under certain circumstances) in exchange for its agreement to develop exclusive brands for JCPenney by Spring 2014.

The Company has made certain customary representations and warranties to JCPenney in the Agreement, and has also made certain customary covenants, including the indemnification of JCPenney with respect to breaches of representations and warranties and breaches of covenants, subject to specified limitations on the amount of indemnifiable damages and survival period.

Closing of the JCPenney Transaction (the “Closing”) will be subject to the satisfaction of certain customary closing conditions, including, among others:

� absence of any injunction or other legal constraint against the Closing;
� expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended;
� the absence of a material adverse effect on the LIZ assets and the MONET assets collectively (with the exception that, in the event of a material adverse effect on the MONET assets alone, JCPenney will be required to proceed with the acquisition of the LIZ assets, and the purchase price will be reduced accordingly); and
� the receipt of consent under the Company’s asset-based loan credit agreement for the sales and lien releases contemplated by the JCPenney Transaction.

Moreover, each party’s obligation to consummate the JCPenney Transaction under the Agreement is conditioned on the accuracy of the other party’s representations and warranties and the other party’s compliance with its covenants and agreements, in each case in all material respects.

The Agreement is subject to termination if the Closing has not occurred by April 12, 2012. There are no termination fees payable upon the termination of the Agreement. The Closing is expected to occur in the fourth quarter of 2011.

The foregoing description of the Agreement is only a summary, does not purport to be complete and is qualified in its entirety by the complete text of the Agreement itself. The Company intends to file the Agreement as an exhibit to its next periodic report.

ITEM 7.01. REGULATION FD DISCLSOURE.
(a) The Company announced the following additional transactions on October 12, 2011:

� DANA BUCHMAN Brand: The Company has consummated a definitive agreement to sell its DANA BUCHMAN brand to Kohl’s, and will serve as the exclusive supplier of jewelry to Kohl’s for the DANA BUCHMAN brand;
� KENSIE Brand: The Company has entered into a definitive agreement to sell its KENSIE Brand to an affiliate of Bluestar Alliance; and
� DKNY� JEANS and DKNY� ACTIVE License: The Company has agreed to early termination of the DKNY� JEANS and DKNY� ACTIVE license with The Donna Karan Company, LLC, such that its license will terminate at year end 2011, one year ahead of the scheduled license maturity.

Consummation of the Kensie transaction described in this Item 7.01(a) is subject to certain customary closing conditions, and all Transactions are expected to close in the fourth quarter of 2011.

(b) On October 12, 2011, the Company provided revised guidance, pro forma for the consummation of the Transactions, the previously-announced joint venture transaction involving the Company’s global MEXX business and the previously-announced agreement with Elizabeth Arden, Inc. for pre-payment of certain royalties and sale of the trademarks for the CURVE fragrance brand and selected other smaller fragrance brands, which eliminates profits and losses associated with each of the following businesses:

The stock is down more than 5.7% now, following disappointing earnings.

Due to failed ESFS vote, early elections have been initiated and the government is in fucking shambles.

How sweet of them.

***SLOVAK PARLIAMENT HAS REJECTED THE EFSF***

The stock is down 3% after soft earnings.

Game.set.match.

Ridiculous

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No. Ticker % Change Market Cap
1 YNDX 15.90 6,970,000,000
2 ZNH 6.55 253,290,000,000
3 WDC 5.19 6,510,000,000
4 MOS 4.84 23,890,000,000
5 CTXS 4.59 10,920,000,000
6 CF 4.39 10,070,000,000
7 FOSL 4.10 5,480,000,000
8 RIMM 3.92 12,100,000,000
9 SINA 3.85 5,060,000,000
10 JNPR 3.76 10,490,000,000
11 ACH 3.65 6,370,000,000
12 DE 3.49 28,720,000,000
13 S 3.38 6,650,000,000
14 YZC 3.20 10,910,000,000
15 C 3.17 77,300,000,000
16 HSE.TO 3.14 20,030,000,000
17 SNE 3.05 19,070,000,000
18 DNR 3.04 5,120,000,000
19 VLO 2.95 12,040,000,000
20 BHI 2.86 22,730,000,000
21 GGB 2.83 13,270,000,000
22 EBR 2.82 12,470,000,000
23 WAT 2.77 6,930,000,000
24 LYB 2.75 15,460,000,000
25 AAPL 2.75 360,460,000,000
——————————————————
No. Ticker % Change Market Cap
1 WF -4.94 7,720,000,000
2 STM -4.48 6,510,000,000
3 PTR -3.74 220,800,000,000
4 INFY -3.68 30,760,000,000
5 DLR -3.50 5,800,000,000
6 JWN -3.43 10,770,000,000
7 NFLX -3.36 5,860,000,000
8 EQR -3.19 16,190,000,000
9 IVN -3.01 11,810,000,000
10 TI -3.01 23,070,000,000
11 SAN -2.82 13,660,000,000
12 ICE -2.79 9,250,000,000
13 CRH -2.78 12,790,000,000
14 AV -2.78 14,920,000,000
15 FSLR -2.74 5,160,000,000
16 KSS -2.71 13,940,000,000
17 ASML -2.65 15,730,000,000
18 WSH -2.64 6,280,000,000
19 LTD -2.56 12,600,000,000
20 VTR -2.54 14,720,000,000
21 HMY -2.54 5,430,000,000
22 GPS -2.45 9,150,000,000
23 HCN -2.45 8,550,000,000
24 PCG -2.43 17,250,000,000
25 CME -2.41 17,790,000,000

No. Ticker % Change
1 BBND 74.41
2 CDTI 29.63
3 GMR 24.00
4 HAUP 20.91
5 MOTR 20.26
6 JVA 20.02
7 AUTH 18.98
8 YRCW 14.80
9 WH 13.73
10 KNXA 13.68
11 EDGR 13.33
12 FIO 12.71
13 CAGC.PK 12.07
14 JNY 11.87
15 URRE 11.85
16 DGLY 11.65
17 JKS 11.33
18 CNTF 11.29
19 EIPO 11.16
20 BSPM 10.67
21 GSAT 9.14
22 LEAP 9.04
23 JRJC 8.82
24 IPHI 8.74
25 KTOS 8.35
26 UTSI 8.00
27 PATK 7.78
28 SURG 7.72
29 STNG 7.54
30 DVAX 7.50
31 YNDX 7.37
32 YGE 7.35
33 XPO 7.35
34 REDF 7.32
35 ANW 7.30
36 ATV 7.30
37 SSYS 7.17
38 SIFY 7.10
39 NOAH 7.07
40 DANG 7.07
41 BALT 7.07
42 GLUU 6.99
43 CHRM 6.87
44 PESI 6.84
45 GNK 6.82
46 PANL 6.78
47 SYNA 6.69
48 VELT 6.67
49 CEA 6.66
50 PRGN 6.64

Shares are down another $6. Boy that CEO is in hot hot water.

He feels the European banks need to be nationalized in order to give stocks like JPM some breathing room.