Facebook Inc.’s (FB) debut on the Nasdaq Stock Market turned into another setback for American equity exchanges, with the $16 billion initial public offering plagued by delays in trade confirmations, crossed quotes and signs that orders were mishandled.
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Comments »Dershowitz’s beef: “There is, of course, no assurance that the special prosecutor handling the case, State Attorney Angela Corey, will do the right thing. Because until now, her actions have been anything but ethical, lawful and professional.
She was aware when she submitted an affidavit that it did not contain the truth, the whole truth and nothing but the truth. She deliberately withheld evidence that supported Zimmerman’s claim of self-defense.”
Read the article here.
Comments »Why bother even reporting insider trading when the SEC is so inept at gathering data and prosecution? Law abiding citizens are at the point of begging civil servants to do their jobs.
Read the article here.
Comments »Josh Brown: “The more I think about the events of the last two weeks, the more I think that we’re simply at an all-time low. The meltdown in Europe, the quick 8% savaging of US stocks after a fairy tale Q1, the utter failure of Facebook’s IPO to do a single fucking thing for the markets or the retail investing public…it’s all just garbage.”
Read the rest here.
Comments »Obama and Cameron have made Merkel responsible for developing a plan for growth for Europe. Merkel is resisting a looser monetary policy for the European Central Bank.
Read the article here.
Comments »“The portfolio management industry is undergoing a revolution analogous to the shift that occurred after Markowitz introduced his Modern Portfolio Theory in 1967. Managers who embrace the new methods will increasingly dominate traditional managers; those who fail to adapt will, inevitably, face extinction.”
Read this must-read article here.
Comments »Greece’s eurozone fate may now be in the hands of the 37-year-old political firebrand and his Syriza party.
Read the article here.
Comments »Grab a few laughs with Eric Kelly as he trains his Wall Street crew:
Comments »Comments »The 33-year-old Knoxville, Tenn., resident has reportedly set a Knox County record for his ability to reproduce. He has 30 children with 11 women. And nine of those children were born in the last three years, after Hatchett — who is something of a local celebrity — vowed “I’m done!” in a 2009 TV interview, saying he wouldn’t father more children.
But Hatchett is back in the news this week because he’s struggling to make ends meet on his minimum-wage job. His inability to make child-support payments on such a meager salary also means he’s back in court again and again, most recently to ask for a break on those payments.
Some of the mothers of Hatchett’s children get only $1.49 a month, reported WREG in Memphis.
While the internet buzzed with Breitbart News’ release of a booklet from President Obama’s literary agency circa 1991 describing him as being “born in Kenya,” the mainstream media still refuses to report the story, or plays defense for Obama.
Read the article here.
Comments »Joe Weisenthal asks then answers, “Why didn’t Facebook fall below $38?” Read the commentary and see the chart here.
Comments »The Technical Take is of the opinion that this is the best time in several years to buy gold. Read the 4 reasons why, here.
Comments »The boiler room brokers who’ve spent the last 6 months pounding their clients and prospective clients to get in on their “Facebook IPO funds” now have some ‘splainin’ to do. I explained what these were in a post last week, read it here.
Anyway, now their “clients” are locked into a private placement vehicle that purports to own shares – most of which are likely 144 lock-up shares (non free-trading stock). They pitched the fund as “the only way to get in on Facebook before the IPO!” I imagine that the sizzle that sold this steak was centered around the potential of a massive opening pop and the exclusivity that comes with owning IPO stock in advance.
Full Article
$FB & $JPM help to punch the markets in the gonads… remember it is only money.
Thank your lucky stars you did not live under the following conditions.
Cheers on your weekend.
[youtube:http://www.youtube.com/watch?v=qQl5MCBWtoo 450 300]Beneath the lush green hills of Guatemala lie one hundred thousand corpses, the victims of a genocide funded by the US Government.
Around a newly discovered mass grave crowd the weeping relatives of Guatemala’s lost generation of Mayan Indians. 20 years ago these Mayan men, women and children were condemned as communist guerrillas and massacred. Until now these killings have been blamed on insurgents and vigilantes. But the army-issue bullets being extracted from these skulls by US forensic archaeologists tell a different story. The 400 newly discovered massacre sites are the handiwork of the Guatemalan Army, but they did not act alone — the CIA told them how to do it.
Fearful of Red-spread right on America’s doorstep the Reagan administration armed and trained Guatemala’s army to stamp-out the communist threat. Veterans of the Reagan administration make no apology for their political agenda. “It seemed clear to us that if you had a Nicaragua in Guatemala, what you’ve got is… a Soviet style government with secret police agents on the border of Mexico”, explains Eliot Abrahms, the then Assistant Secretary of State. Anything was justified to contain the threat, including as is now revealed, turning a blind eye to genocide.
Recently released CIA manuals issued to the army explain how to murder people, they even explain how to enter a room with ten people sitting round a table and murder them one by one. These instructions were used against not only guerrillas but countless Indian civilians with Washington’s full knowledge. “The well-documented belief that all Ixil Indians are pro-guerrilla has created a situation in which the army can be expected to give no quarter to combatants and non-combatants alike,” details one wire from Guatemala to Washington. After analysing the documents released by the CIA on Clinton’s orders Kate Doyle is clear that the US are responsible for the horrors perpetrated by Guatemala’s army. “The United States created the killing machine that went on to murder and torture hundreds of thousands of people.” At a time when Pinochet, Chile’s notorious dictator, faces the courts for atrocities, Guatemala is still living with theirs. Over the years 45,000 Guatemalans, guerrillas but also students and professors, priests and social workers – have simply disappeared. Last March, President Clinton apologised for America’s support for repressive regimes. But for the relatives of the victims who are presented every day with the gruesome consequences of their country’s past, a mere acknowledgement of responsibility is not enough.
ABC Australia
Some crazy thoughts about austerity…
[youtube://http://www.youtube.com/watch?v=cvHbU8wh3tQ 450 300] Comments »Off balance sheet shenanigans are all the rage. The risk measure used at Enron happens to be a model trademarked by $JPM. It makes you wonder what is really going on inside these banks.
Comments »One must wonder why investment bankers and private shareholders chose to do an IPO like this ? Perhaps this is a major cashing out and the sign of a top.
The eur/usd popped earlier and is now setting up a bullish flag. Interesting development to say the least.
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