Financial Markets

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New derivatives legislation "was probably written by JPMorgan and Goldman Sachs"

The Nation : Who drafted this dubious piece of legislation? Bankers (or their lawyers) did. The leading sellers of derivatives are an exclusive club of five very large financial institutions--Citigroup, JPMorgan Chase, Bank of...

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Corrections: H-P to show growth and stability with earnings

MARK HULBERT Gold timers very bullish The average gold timer is now more bullish than on each of the past four occasions in which the gold market has topped out, a worrying sign. Bezos' detractors said his free shipping deals...

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GM bankruptcy filing scales down its debt

General Motors' bankruptcy hurt its image, but at least the Chapter 11 filing helped scrape off debt. GM's total debt at the end of September was $17 billion. Ford, by comparison, said its total debt at the end of September was...

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Detroit City Council OKs Bing's bond sale

The Detroit City Council voted 6-2 Friday to approve a $250-million fiscal stabilization bond sale that will allow the city to pay off its short-term debt and restructure its long-term financial obligations.

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Banks on the brink: Several in Collier, Lee have closed. Which ones are next?

Since Oct. 23, regulators have closed four banks in Naples and Fort Myers, leaving many to wonder which local bank might be next. At least four other banks in Lee and Collier counties have been hit with regulatory enforcement...

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Firm buys $7.6M stake in HawTel: Cerberus' presence in Isles found in such hotels as Mauna Kea,...

Nov 21, 2009 (The Honolulu Advertiser - A private equity firm that controls some of Hawai'i top hotels will become a shareholder in Hawaiian Telcom Inc. Cerberus Capital Management LP on Tuesday filed papers in U.S. Bankruptcy...

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Gold: A "Channel Buster" or a Runaway Parabola?

The gold stocks have ridden on the back of the gold rally, which in itself is partly the result of the high level of fear surrounding the economic outlook. Contrary to popular belief, gold tends to perform well in periods of...

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Index funds can differ in key ways

Whether you're a fan of index mutual funds or not, you'd think they wouldn't tend to stray far from the pack. Shouldn't your investment returns be roughly equal whether you choose Brand X or Brand Y, if the funds both invest in...

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The Rally Lives

The rally out of the March low lives on. Cyclically, this is a higher degree move that is, thus far, still intact. From a Dow theory perspective, there was a short-term non-confirmation in place the week of November 13th, but...

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Scott Rothstein: Scope of scandal emerges

Rothstein's investors included the ultrarich Wealthy Fort Lauderdale businessmen, hedge funds, money managers for the ultrarich — the sweep of Scott Rothstein's alleged $1 billion Ponzi scheme is beginning to emerge.

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