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By Charles Krakoff Less than a week after a federal court in Manhattan sentenced hedge fund boss Raj Rajaratnam to a record 11 years in prison for insider trading, and ordered him to pay forfeiture and fines of more than $60 million, comes the news that Citigroup has agreed to pay $285 million to settle...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
12-01-2011
Filed under:
Filed under: Charles Krakoff, Goldman Sachs, CDO, Raj Rajaratnam, fraud, Rajat Gupta, civil complaint, Ambac, John Paulson, Securities and Exchange Commission, SEC, JP Morgan Chase, credit default swap, Citigroup, insider trading
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It's good to know the financial markets, and the government's legions of economists and statisticians, have a sense of humor. No sooner do I say that the economic "soft patch" we've been experiencing may be ending (based on UK and German manufacturing data), the jobs number comes...
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Citigroup stock traded in the $40s in October 2007, before its mortgage misdeeds drove the price down to a low of 97 cents in March 2009. Yesterday's 10-for-1 reverse stock split has put the share price back in the $40s, but that doesn't change the fact that Citi's value was dramatically...
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Earnings season really gets moving this week as we hear from heavyweights Bank of America (NYSE: BAC ), IBM (NYSE: IBM ) Apple (Nasdaq: AAPL ), Goldman (NYSE:GS), Yahoo (Nasdaq: YHOO ), Johnson & Johnson (NYSE: JNJ ), Morgan Stanley (NYSE:MS), Wells Fargo (NYSE: WFC ), and eBay (Nasdaq: EBAY ). Citigroup...
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Apparently, the going rate for a 404 point rally on the Dow Industrials is $1 trillion. Any takers? Going once… After stocks lost $1 trillion during that surreal 2 minute stretch last Wednesday, it’s nice to get that market-cap back. But there is still work to do. Yesterday’s rally...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit September 10, 2009 ***** Oil , China and Cash for Clunker Stocks *****A Solid Stock *****My Book! Fellow Investor, As if right on cue, the International Energy Agency (IEA) raised its forecast for oil demand again yesterday. “Oil demand in U...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit June 3, 2009 *****Global Currency *****When Big Money Plays Defense Fellow Investor, Russia is grumbling. Seems they are not happy that rising debt, slow growth and record Treasury bond sales are dragging the U.S. dollar down. In fact, Russian president...
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.........But First, A Word From Our Sponsor.......... Record 2008 results take EverBank® to new heights. In a year that saw many of the nation's largest financial institutions falter, EverBank excelled. Our 2008 achievements, which came as no surprise to us, included: .Record net income of $46.0...
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Late last week a letter from Jim Welsh crossed my desk. I started reading and found myself being pulled through his very thoughtful letter. I have not met Jim, but think this letter is worthy of an Outside the Box. Jim Welsh of Welsh Money Management has been publishing his monthly investment letter...
Posted to
John Mauldin's Outside the Box
by
John Mauldin
on
05-04-2009
Filed under:
Filed under: Housing, GDP, Consumer Spending, Consumer Debt, Economy, Employment, Diffusion Index, Jim Welsh, Citigroup, Industrial Production, Credit Cards
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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 21, 2009 *****Geithner’s “Lucy” Moment *****Pandit Feels Our Pain *****Where the S&P 500 Heads Next 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...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit April 15, 2009 *****Oil: When, not If *****47% from Citigroup *****Newsletter Advisors Fellow investor, I hate to keep talking oil here, but the sticky stuff is a great proxy for what’s going on with the economy and the financial markets. On...
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Dear Reader, This week I tripped over an old musical favorite, I'm Your Captain , by Grand Funk Railroad, which is what I'm listening to as I begin this weekly missive. While the song has a little rust on it, for those of you who haven't taken a ride on Grand Funk Railroad of late, it's...
Posted to
The Room
by
David Galland
on
03-16-2009
Filed under:
Filed under: Economy, Gold, China, Obama, The Casey Report, GDP, Employment, Without Borders, Global Trade, Renminbi, Citigroup, Nationalization, Exports
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.........But First, A Word From Our Sponsor.......... Down on the dollar? Foreign currencies at EverBank could be your answer. If you're intrigued by the possibility of lower portfolio risk and gains against a weak U.S. dollar, look to us for: -- Familiar products: WorldCurrency CDs and Money Market...
Posted to
Daily Pfennig
by
Chuck Butler
on
03-16-2009
Filed under:
Filed under: Dollar, Oil, China, Gold, Euro, Swiss franc, Citigroup, TIC Flow, Swiss National Bank, OPEC, Consumer Spending, G20
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***The Rally ***Re-valuing Banks ***TradeMaster Conference The Rally Stocks made another impressive move higher on Thursday. I think we're all enjoying seeing a little upside for stock prices. There is a light at the end of the tunnel. But I don't want us to lose sight of the near certainty that...