Monthly Archives: May 2012
Investor Sues Nasdaq Over Facebook IPO
“Nasdaq OMX Group Inc. has been sued by an investor who claimed the exchange operator was negligent in handling orders for Facebook Inc. shares after its initial public offering, causing losses for investors.”
Comments »A.H. Stock Moves: $PETM, $DELL, $GES, $TTWO, $ADI, $GIS, $FB, $BNHN, $RL, $BBY, $MDT
FLASH: FACEBOOK LOST $20 BILLION IN MARKET CAP SINCE COMING PUBLIC
Facebook is now valued at $84 billion. At the peak of trading on Friday, it’s market cap was $122 billion, equalling a net loss in cap from peak to trough of $39 billion dollars.
Comments »Moody’s Upgrades $F to an Investment Grade Credit Rating
A Summary of Today’s Trading Events
$DELL Misses and Gives Bad Guidance
Bad News Out of Europe Turns a Rally Into a Sell Off
The markets rallied all day in dead cat bounce fashion. News out of Europe that Greece is considering an exit from the Euro sent the Euro below 1.27 to the dollar and sent markets into the red. The bulls did manage to take the markets near neutral by the close.
DOW down 8
S&P up .72
NASDAQ down 16
Gold down $22
Oil down $0.91
$FB down $3.03
[youtube://http://www.youtube.com/watch?v=GqH21LEmfbQ 450 300] Comments »Here’s How Food Prices REALLY Affect Restaurant Menu Items
…Momofuku empire chief fDavid Chang talk(s) to Bloomberg about how damn expensive food is these days. First his noodle guy is saying they need to lock in wheat prices for the rest of the year, then premium beef gets so expensive that at “Ssam Bar recently we’ve gone to a very duck-heavy menu.” And while Chang seems willing to pay for quality, he’s not sure his customers feel the same way: “I don’t know that America and consumers are ready to really see that financial shock.”
CLICK HERE TO SEE VIDEO ON EATER.COM
Comments »Biden Blames Tea Party for Bad Economy
JPMorgan Hearing: Market Regulators Warn They’re Broke, Outgunned By Wall Street
Boo hoo. Maybe we should curtail spending money in the military. Taxpayers get hosed every which way.
Comments »Robert Reich: Big Banks Need to Be Broken Up
“The United States needs to resurrect legislation that would break up large financial institutions by preventing investment banking and commercial banking from operating under one roof, says Robert Reich, former Labor Secretary under President Bill Clinton.
Under Clinton himself, the government repealed the Glass-Steagall Act, a move that allowed financial institutions to run both investment-banking units and commercial banks.
Current financial reforms such as the Volcker Rule, which would prevent banks from making trades in capital markets with their own money, might not be enough.”
Comments »The SEC and FINRA Call for a Facebook Investigation After IPO Drops Like a Crooked Stone
Fed Directors Note Economic Improvement
Caterpillar Gets Ahead of the Credit Freeze
FLASH: Chinese Burrito Stocks “Mystery Running” to the Upside
FLASH: Mineral Stocks Are Being Blown the Fuck Out
SHARES OF $PCX PLUNGE ON LIQUIDITY CONCERNS
The stock is down 22%, dragging the coal sector with it.
Comments »Ron Paul On Indefinite Detention: The Tyranny Continues
“The bad news from last week’s passage of the 2013 National Defense Authorization Act is that Americans can still be arrested on US soil and detained indefinitely without trial. Some of my colleagues would like us to believe that they fixed last year’s infamous Sections 1021 and 1022 of the NDAA, which codified into law the unconstitutional notion that some Americans are not subject to the protections of the Constitution. However, nothing in this year’s bill or amendments to the bill restored those constitutional rights.”
Comments »
