Bank of America’s New 52 Week Low: 6.01

Aug 23, 2011
J. Webster
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Will Bank of America go below $5 a share? Will they sell more assets? Who is going to step in and stop the assault on this bank? Someone needs to, as it's not good for anyone other then those betting it goes down. The government is on the hook, or the U.S. tax payer is on the hook on some level if the bank falls apart and it will destroy other banks in the process. Much of the worry stems from legal issues related to mortgage backed securities and how much they're going to end up paying to settle these

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Nouriel Roubini: This is My Time

Aug 21, 2011
J. Webster
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Well, I was right and have been right since 2007. I predicted the housing collapse and now again have predicted the stock market fall. Have you noticed how everyone wants to hear from me now? I'm constantly being asked questions on Twitter, requests for TV interviews have skyrocketed, and I have more parties to attend than Prince in 1999. This is my TIME! Hear me roar! Listen to me. I am god. I'm bigger than George Soros. I am Dr. DOOOOOOOOOOOOM. I don't care what everyone else is saying, it's me you must listen to. Not Bernanke. Not Timmy Geithner. How

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Paul Tudor Jones: Fill or Kill

Aug 21, 2011
J. Webster
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From the old days, legendary hedge fund trader Paul Tudor Jones make some trades via his brokers. Here's a quick run down of some of Jones' stock trading rules:
  • Contrarian attempt to buy and sell turning points. Keeps trying the single trade idea until he changes his mind, fundamentally. Otherwise, he keeps cutting his position size down. Then he trades the smallest amount when his trading is at its worst.
  • Considers himself as a premier market opportunist. When he develops an idea, he pursues it from a very-low-risk standpoint until he has been proven wrong repeatedly, or

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Steve Jobs Must Be Smiling

Aug 19, 2011
J. Webster
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With the news that Hewlett Packard has conceded to Apple and decided to get out of the PC, tablet, and mobile phone markets, is Steve Jobs cackling as he strokes his cat and peers out at the world from his spaceship? It would almost seem so. There must be some joy in the hearts of Jobs and Apples' top brass to see all these other companies chasing them and struggling to keep up. Even good old Google, the search engine giant, who are trying to keep up with Apple and the iPhone by buying Motorola. A purchase that one Apple executive

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Warren Buffet on Charlie Rose

Aug 18, 2011
J. Webster
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Warren Buffett discusses his New York Times Op-Ed piece 'Stop Coddling the Super-Rich' which calls on Congress to increase income taxes on the Super-Rich like himself. You can tell that Buffett is frustrated, annoyed and perhaps genuinely angry about the governments inability to solve problems - instead they create them.

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Cramer’s Call on Bear Stearns

Aug 18, 2011
J. Webster
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What with the recent stock market collapse, and the battle between Hobbes and Cramer over Bear Stearns, let's look back at the CNBC video of Cramer's call on Bear Stearns on Mad Money. It's really not clear whether he's saying it's OK to actually own the stock or just have money in the company. In the end he was actually right, as Bear Stearns was taken over after it fell apart. It was sold to JP Morgan Chase a paltry $10 per share. It's a call that Cramer will probably never live down. And now, his co-worker, Simon Hobbes,

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Simon Hobbes Versus Jim Cramer

Aug 18, 2011
J. Webster
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There was a battle on CNBC early this morning, Simon Hobbes versus Jim Cramer. It all started when Cramer said there could be another Lehman Brothers type of disaster. The battle really got heated when Hobbes told Cramer he told people to buy Bear Stearns back in 2008, right before it collapsed. Perhaps the only company that's enjoying all of this market turmoil is CNBC, or it's new parent company, Comcast. Oh yeah, Dr. Doom, Nouriel Roubini is pretty happy I'm sure too. You have to say it's pretty gutsy of Hobbes to call Cramer out like that about Bear Stearns.

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Jamie Dimon’s West Coast Tour Sours

Aug 17, 2011
J. Webster
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"We don't run the business based on what happens in the market in a day" - Jamie Dimon. How many more damn tellers do I have to meet? What the hell!! I'm tried of this sh#$. If I didn't have these sunglasses on you'd see how pissed I am. I've given my positive message like you told me. I need to get back to NYC, there's a potential disaster brewing in the stock market, if you haven't heard. Yeah, I said it doesn't matter that much and I'm not worried, but hell, the market has been down over a

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Rick Perry Calls Bernanke’s Actions Treasonous!

Aug 16, 2011
J. Webster
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Yeah, this is for real. This ain't some Onion article talking about how Bernanke went on a drinking binge. No, this is Governor of Texas Rick Perry saying Bernanke's printing of more money is an action that is almost treasonous. And this guy wants to be President of the United States. Wow. I really don't think Ben Bernanke would appreciate that, especially when he helped save the United States' economy from failing into potential Great Depression by printing money - the bailout of over $700 billion that wasn't passed initially and then the stock market tanked so they finally

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How Much Is the iPhone Worth to Apple’s Stock

Aug 13, 2011
J. Webster
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Needham & Co.’s Charlie Wolf recently upgrade Apples stock (AAPL) to $540 a share, not so surprising, as the mean target for analysts is $500 per share and the high is $666. But what was interesting is how he broke down the stock based on products and cash value. This is not perfect but here's the rough breakdown for the stock. iPad = $65.62 iTunes and App Store = $27.52 iPod = $3.50 Mac = $63.92 iPhone = $265.86 Cash = $86 This puts you at a total of around $510 per share. Not sure what's missing to reach the Charlie Wolf's

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