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Weekend Madoffs

posted 624 weeks ago on NakedShorts
The mostly complete MarkopolosIt?s long ? 375 pages, including his testimony before the House Financial Services Committee this week ? and occasionally repetitive, but the documentation of would-be Madoff whistleblower Harry Markopolos?s near decade-long attempt to have somebody, anybody, pay...

Say it Ain't So - Evergreen Solar (ESLR) at $1.80 a share?

posted 624 weeks ago on The StockMasters - Financial News, Stock Market Trading, the Best Stocks fo
StockMaster favorite Evergreen Solar, Inc. (NASDAQ:ESLR) hit $1.80 a share and is now trading around $1.85, make that a one year decline of -81%.  Investors are bailing and getting knocked around today after Evergreen reported a Q4 loss of $52 million. Punch Out indeed. read more

Just Get it Over With

posted 624 weeks ago on
Another brilliant graph from Jessica at Indexed:

Today's Job Report

posted 624 weeks ago on
Holy crap! Unemployment jumped to 7.6% last month, the worst since September 1992. Nonfarm payrolls plunged by 598,000. The economy has lost jobs for 13 straight months. Since the recession began, the economy has lost 3.6 million jobs--half of that came in the last three months of 2008. Here's a look at the unemployment rate since 1995: Here's another measure of employment, the number of employed as a percent of the total population. The traditional unemployment rate only counts folks "in the labor force" so if you're not looking for a job, you're not counted. Of course, people stop looking for jobs when there are no jobs so I really don't get that one. How's this for a scary number. If the employed/population rate was at the level it was in April 2000, there would be ne

Selling On Strength Versus Weakness: Implications for Trade Execution

posted 624 weeks ago on TraderFeed Bank of America to Nationalize (BAC)?

posted 624 weeks ago on The StockMasters - Financial News, Stock Market Trading, the Best Stocks fo
Bank of America Corporation (NYSE:BAC) shares touched $3.77 today before jumping above $4 and pushing towards $5 in the afternoon session. Nationalization buzz is killing BofA shares along with everyone expecting CEO Ken Lewis to step down, so what happens next? read more

Cross-Talk: Building Confidence as a Trader

posted 624 weeks ago on TraderFeed

The Action Americans Need

posted 624 weeks ago on
The president makes his case in today's WaPo: This plan is more than a prescription for short-term spending -- it's a strategy for America's long-term growth and opportunity in areas such as renewable energy, health care and education. And it's a strategy that will be implemented with unprecedented transparency and accountability, so Americans know where their tax dollars are going and how they are being spent. In recent days, there have been misguided criticisms of this plan that echo the failed theories that helped lead us into this crisis -- the notion that tax cuts alone will solve all our problems; that we can meet our enormous tests with half-steps and piecemeal measures; that we can ignore fundamental challenges such as energy independence and the high cost of health care and stil

Russia Is Trying to Shore Up the Ruble By Giving Banks Money to Bet Against the Ruble

posted 624 weeks ago on
Or something like that. Russia?s central bank is exacerbating the ruble?s 35 percent plunge since August, even as it struggles to defend the exchange rate, by providing loans to banks that speculate on the currency, say Alfa Bank and UniCredit SpA. Bank Rossii lent 7.7 trillion rubles ($214 billion) in overnight and seven-day loans secured with bonds or other collateral in the 16 trading days last month, about double the 4.8 trillion rubles provided in so-called repurchase auctions in December, central bank data show. The ruble lost 18 percent against the dollar in January. It weakened today beyond the lower limit that the central bank said it will defend. ?A significant amount, if not all, of the speculative attacks on the ruble are funded by the central bank itself,? said Vladimir Osa

Slate's Curious Economics

posted 624 weeks ago on
In Slate, Dan Gross attacks "nutso" claims the government doesn't creates jobs. He singles out Michael Steele's for saying, "Let's get this notion out of our heads that the government create jobs. Not in the history of mankind has the government ever created a job." Gross writes: "These claims are so peculiar that it's hard to know where to begin. Contrary to Steele's assertion, in the history of mankind, the government has in fact created many, many jobs (including the one he held for a few years: lieutenant governor of Maryland)." This is news to me. This morning, the Labor Department reported that initial jobless claims rose by 35,000 to reach 626,000, a 26-year high. So let's make all those folks the lieutenant governor of Maryland. Problem solved.
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