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*****More on the End of QE2 *****Sell Treasuries *****Throw the Crooks in Jail! Fellow Investor, Another nice day for stocks has pushed the S&P 500 right to resistance at 1,335 as the first quarter winds down. If funds are buying stocks and "window dressing", as I suggested yesterday, then...
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AIG (NYSE:AIG) agreed to convert preferred shares given to the U.S. Treasury in exchange for bailout money into common stock that can be sold on the open market. The Treasury owns $49 billion in AIG preferred stock. The exchange will leave the Treasury with 1.66 billion shares of AIG common stock. For...
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Was it only last week I was expressing outrage that US taxpayers would have to pick up the check for Greek profligacy in the form of IMF guarantees? This morning we wake to up the sound of $250 BILLION in IMF guarantees for a European rescue fund, most of which will go to countries that are eventually...
Posted to
John Mauldin's Outside the Box
by
John Mauldin
on
05-10-2010
Filed under:
Filed under: Housing, Alan Greenspan, Fannie Mae, Freddie Mac, AIG, Europe, Economic Crisis, IMF, Greece, Goldman Sachs, Capital, Michael E. Lewitt
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Fellow Investor, I managed to catch part of Treasury Secretary Geithner's testimony yesterday. I actually thought he represented himself pretty well. I can appreciate his stance that AIG really was to big to fail. But that notion that the New York Fed had to make sure all of AIG's credit default...
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.........But First, A Word From Our Sponsor.......... Countries poised to benefit from rising commodity prices: combined into one CD That's the Global Power Shift Index CD from EverBank®. In one CD, get the currencies of 4 countries rich in natural resources-and whose economies may benefit from rising...
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Your Daily Profit December 17, 2009 *****Removing All Doubt *****Financial Alchemy *****Oil and the U.S. dollar Fellow Investor, Toward the end of his tenure, some started to wonder if former Fed Chief Alan Greenspan was a fool (after all, he left rates too low for too long and never came to grips with...
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Your Daily Profit October 9, 2009 *****Crisis of Confidence *****The U.S. Mint to Profit from Gold *****Reader Mail Fellow Investor, It was another good day for stocks, as expected. Surprisingly good earnings from Alcoa (NYSE:AA) , along with better than expected initial jobless claims gave investors...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit October 2, 2009 *****Third Quarter Starts with Whimper *****Oil Steady Fellow Investor, I bet we can all think of a better way to kick off the 4 th quarter than a big 200 point drop for the Dow Industrials. We’ve all heard the bears declare...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit August 24, 2009 *****Small-cap Update *****A Bond Debacle *****$600 Million in a Quarter *****Panic Selling Fellow Investor, As of press time, 3:05 P.M. Eastern Time, stocks had given up most gains from the morning session. The Dow was at 9,509, up...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit July 7, 2009 *****Small-cap Update *****Buy the Rumor, Sell the News *****Earnings Season *****Reader Mail Fellow Investor, Notwithstanding yesterday’s positive market activity, stocks continued their month-long downward trend with the Dow closing...
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Your Daily Profit May 20, 2009 *****The Forgotten PPIP *****Geithner’s Dilemma *****Profit Opportunities Fellow investor, I was starting to think that Treasury Secretary Tim Geithner was secretly hoping that everyone had forgotten about his plan to remove toxic assets from bank balance sheets....
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Your Daily Profit May 14, 2009 *****Buy the Dip *****12% and 17% Gains in Short Order *****Plausible Deniability Fellow investor, The selling got serious yesterday. But once again, as TradeMaster technical analyst Jason Cimpl forecast, the dip was a buying opportunity. Stocks are up this morning as if...
Posted to
Daily Profit
by
Ian Wyatt
on
05-14-2009
Filed under:
Filed under: Ian Wyatt, TradeMaster, oil stocks, oil, Geithner, SmallCapInvestor PRO, GHM, AIG, USO, TARP, Greenspan, FEED
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Your Daily Profit April 22, 2009 *****The Quiet Coup *****Newsletter Advisors Fellow investor, Toxic Asset Profits In Act 1 of the Recession, AIG "whiz kid" Joseph Cassano killed the US economy with risky, hyper leveraged investments, while pocketing hundreds of millions for himself. Now the...
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Your Daily Profit April 3, 2009 *****Bailed-out banks may buy toxic assets *****G-20 *****23% Gains Fellow investor, There's a lot going on today. The unemployment rate “surprisingly” hit 8.5%. President Obama knocked ‘em dead at the G-20 meetings. OIL SHOCK 2009 If you missed the...