Moon Kil Woong
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3 Factors That Will Help Gold Glitter In 2012 [View article]
Sell In May, But Buy Kellogg's [View article]
California faces a deficit of $16B, Governor Jerry Brown said yesterday (video), not the $9B he'd estimated in January. The ballooning gap is due to tepid tax revenues and slow progress in slashing budgets, which Brown blamed on the federal government and the courts. One bit of hope is Facebook's IPO, which could bring in $2B. (see also) [View news story]
Greek President Karolos Papoulias was due to meet with leaders from large and small parties today to try to persuade them to form a coalition and avert another election. However, his prospects look grim due to deep divisions over austerity. Hard-left and anti-austerity party SYRIZA would probably benefit most from a new poll. [View news story]
Baidu Rockets Higher On New Smartphone [View article]
Market Pessimism Is Overdone [View article]
For True Long-Term Value Investors, JPMorgan's Fall Presents A Buying Opportunity [View article]
JPMorgan Chase: Too Big To Exist [View article]
JPMorgan's Hedging Losses Invite A Political Response [View article]
S&P follows Fitch's lead on JPMorgan (JPM) and lowers its outlook to negative from stable on the back of the derivatives losses. However, ratings agency kept its A/A-1 issuer credit ratings on the bank and its A+/A-1 ratings on its subsidiaries, but warns it could lower its ratings by a notch if its determines that risk management mistakes were not limited to the specific credit portfolio, or if it believes management is pursuing a more aggressive investment strategy than originally believed. [View news story]
How Dumb Rules Can Mitigate Model Risk [View article]
JPMorgan Chase: Too Big To Exist [View article]
Netflix Executive Out, Massive Insider Buy: What's Going On? [View article]
Today In Commodities: Still Heading Lower? [View article]
JPMorgan's Hedging Losses Invite A Political Response [View article]
Who knows, maybe its another Lehman and they have tons more losses they will dribble out while they say everything is ok. It seems that banks rarely disclose losses to their own book unless they absolutely have to since they are allowed to hide them with current accounting laws. Also they hide them since their stock will get punished like JPM's is getting right now.