Young Fearless Girl Versus Wall Street Bull

Mar 8, 2017
J. Webster
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Credit goes to State Street Global Advisors for putting up the statue of the young girl standing directly across from the famous "Wall Street" bull. I'll put my money on the girl. The statue reads: "Know the power of women in leadership. SHE makes a difference." I don't think the statue will be permanently positioned there, but it should be.

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Preet Bharara Watched Wall Street Last Night..

Mar 6, 2017
J. Webster
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Preet Bharara, the U.S. Attorney for the Southern District of New York, seems to be trolling stock traders tempted to trade on inside information. Bharara has a personal Twitter account and he appears to have caught the movie Wall Street on TV last night. In a series of tweets he mentions how greed is actually not good and the part in the movie where a body wire is used by Bud Fox (Charlie Sheen) to catch Michael Douglas's character, Gordon Gekko. And don't forget that Gekko's character, at least some of his language about corporate takeovers, was based on Carl

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Jim Chanos Playing Poker on Billions

Mar 6, 2017
J. Webster
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Yes, on the right there in the picture below, is Jim Chanos, playing poker on an episode of Showtime's Billions. You can just see the side of his face and his glasses, though...the legendary short seller isn't someone you want to be on the other side of any position, whether it's related to stocks or say a poker table. It looks like he's got a pretty good stack of chips there...Chanos of course is most famous for his short position in Enron, and one of the first to see their accounting practices as pretty much a fraud.

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Trump’s Herbalife Like Trump Network

Mar 4, 2017
J. Webster
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In 2009, Trump was pitching Herbalife like products....promising riches and the American dream to those struggling during the Great Recession, if they just sold a range of health related products they'd be Trump like rich. And then there's Carl Icahn, who's now the special adviser to the president on adjusting federal regulations, who happens to own over 20% of Herbalife. This article in the New Yorker talks about Bill Ackman shorting Herbalife's stock but also compares it to Trump's sales pitch to America during his campaign. You could simply opt out of the recession if you sold these Trump Network

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Amazing Photo of Carl Ichan Almost Seems Fake

Mar 3, 2017
J. Webster
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Just the look on Carl Icahn's face, maybe a bit tired and wary, like he's maybe too old for all this. Yet he's got his martini. Trump has won. The world is looking up for him. He's not just a corporate raider anymore....he's Trump's deregulation czar. He just does a little corporate raiding on the side... that happens to help some of the companies that he owns or invests in. But I'm not sure he's happy in this picture, really, he seems a little worn out, perhaps. He's got billions of dollars but...the photo almost seems fake, I don't think

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Snap Already Downgraded to Sell

Mar 2, 2017
J. Webster
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Was Snap every a buy or did it become a sell as soon as it started trading? Seems so. Snap opened trading at something like $24 a share but was immediately given a sell rating by Pivotal Research Group's Brian Wieser. And what Pivotal Research Group's price target for Snap shares? Oh, just $10. That's like a 58% drop in Snap shares....wonder how long of a time horizon they're anticipating for that kind of drop... It's also

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Dow Up Nearly 5,000 Points Since Trump Announced Winner

Mar 1, 2017
J. Webster
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I don't think anyone really saw this coming when Trump won...everyone thought the stock market would crash...and it did, just only overnight. Everything changed the next morning. It was almost like the market thought there would be some kind of revolt after the election - Trump saying the election was rigged if he lost. But of course he shocked everyone and won. And from that point, when the Dow was down nearly 900 points, when it was announced that Donald Trump would be the next president of the United States, the Dow has since moved up nearly

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Make Private Prison Stocks Great Again

Feb 24, 2017
J. Webster
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CoreCivic, Inc., formerly Corrections Corporation of America, is loving the Trump presidency so far. After going through sort of a makeover, in changing their name to CoreCivic, the company's stock jumped again after Attorney General Jeff Sessions rescinded an Obama-issued memo that ended the federal government's use of private prisons.

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Just Buy Everything

Feb 22, 2017
J. Webster
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On CNBC's Fast Money, they're just keeping things simple with a new slogan: Just Buy Everything. There's no more picking of individual stocks or trying to predict what the markets is going to do in the next day or month or hour. No more fast money just more money if you buy everything. What's the best move you can make as a trader or investor in the land of the Trump administration? Just Buy Everything. I wonder if this is

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Remember that Home Depot IPO….

Feb 21, 2017
J. Webster
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The initial public offering of Home Depot was on September 22, 1981. The price was $12 per share. The stock has split 13 times in its history and is probably due for another split as it hits an all-time high today of $145 per share. Could you have held on to $5,000 worth of Home Depot shares for around 35 years....? That's around 400 shares of Home Depot stock. If you could have held on to the shares, you'd have a nest egg of $30 million dollars. That's a lot of money...but even if you sold some shares, say

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