MER
MER Articles
Thornburg Mortgage (NYSE: TMA) Fear of Chapter 11. Falls to $1.26 from 52-wek high of $28.40. CIT Group (NYSE: CIT) Lehman Brothers cuts price target. Drops to $15 from 52-week high of $61.47. iStar...
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A number of the large financial stocks took news of a write-down at UBS (NYSE: UBS), debt problems at Merrill Lynch (NYSE: MER), and downgrades of Thornburg (NYSE: TMA) hard. Hitting 52-week lows...
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The muni markets are getting into more trouble as each day passes. According to Bloomberg "U.S. states and local governments may extend the worst slump in municipal bonds on record as they replace as...
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The business press has had its ear to the rail, and it has heard that more capital is headed toward private equity funds. Some of this money may be invested by the huge sovereign funds which have...
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This morning we have another negative note out of Goldman Sachs calling for investors to be long volatility in financial stocks where the options prices are reasonable in companies that have exposure...
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Senior officials of the US Treasury have been spanning the globe to meet with heads of sovereign funds, starting with Singapore and Abu Dhabi. They want the funds to sign a Boy Scout oath which says...
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It looks like CEOs may have found a new way to "game" the systems for giving and getting stock. According to a piece at Portfolio.com, chief executives are particularly adroit at the way they grant...
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Goldman Sachs has made some key downgrades in the financial sector today. The firm has cut both Fannie Mae (NYSE: FNM) and Freddie mac (NYSE: FRE) from an already "neutral" rating, with implied...
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Eliot Spitzer, former prosecutor and now governor of New York State, will ape comments made by Deutsche Bank (DB) Chief Executive Josef Ackermann. If bond insurers fail its will create a "financial...
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Bank of America has release a study showing the levels of LBO write-downs that large banks and brokerages may have to take. The figures are based on a "the current series of the U.S. leveraged loan...
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After booking billions of dollars in losses because of actions by a rogue trader and write-offs in its CDO portfolio, Societe Generale went to the market with a rights offering for almost $8 billion....
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According to Reuers, Exxon (XOM) won a court order freezing $12 billion of its assets in Venezuela. Reuters writes that Congress has passed an economic stimulus package and sent it to Bush. Reuters...
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These are not the only research calls we are looking at in pre-market trading, although these are the initial calls that grabbed our attention early on: Canadian Solar (NASDAQ: CSIQ) raised to...
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No one knows for certain how much money is in the big sovereign funds controlled by governments from Beijing to Kuwait. Most estimates are $2 trillion to $3 trillion. With oil money flowing into some...
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Years ago, in a fit of creativity, some journalist coined the term "rogue trader" to describe some manic soul who made a bunch of bad bets at a big bank and then hid the evidence of them in a waste...
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