It was one year ago that Lehman Bros. went to the great investment bank in the sky. But it was also when the feds arranged the shotgun marriage of a failing Merrill Lynch to a moribund Bank of America (NYSE:BAC). And AIG’s collapse into federal hands was taking shape, if not yet a done deal.

Years of debt and securitization finally caught up to the FIRE (finance-insurance-real estate) sector of the economy. The titans of finance refused to come clean about the real value of the ‘assets’ they sat on…and finally it came time to pay the piper.

Dan Amoss, whose recommendation of Lehman put options generated 462% gains earlier that summer, wrote in this space a year ago, “Think about how much better off Lehman Brothers would be if its management hadn’t put off the process of reporting losses, dumping impaired assets and raising new capital. Would its stock

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PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Tuesday July 28, 2009

PennyOmega.com Stock Report!

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Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced results for its 2009 second quarter ended June 30, 2009. Net income for the 2009 second quarter reached $12.0 million, or $0.32 diluted earnings per share, compared with $10.9 million, or $0.36 diluted earnings per share, for the 2008 second quarter. Excluding the after tax effect of the FDIC Special Assessment of $3.5 million, net income for the quarter was $13.9 million, or $0.38 diluted earnings per share, an increase of 28.5 percent.

Bristol-Myers Squibb Company (NYSE:BMY) is commencing today, through its wholly owned subsidiary Puma Acquisition Corporation,

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On Thursday, July 3, the European Central Bank is expected to raise interest rates by 0.25%. That same day, economists expect the U.S. jobs number (”nonfarm payrolls”) to show a 60,000 reduction. Question: How should the two events affect the U.S. dollar’s standing against other currencies? Well, in theory, when a central bank raises interest rates, it makes that country’s assets more attractive to foreign investors. And since the country’s assets are denominated in that country’s currency, it also becomes “more attractive” – i.e. it gains. A weak jobs report speaks for itself. So, come Thursday, the USD should get decimated. Will it? Possibly, but… If you’ve traded forex for a while, you’ve seen many instances when the market would react “illogically” to the news. What’s stopping Thursday from being one of those days? Forex markets often don’t behave as “fundamentals” suggest they should. That’s because what determines the trend ...

There is a lovely article in the Daily Telegraph about Barclays being in denial about the size of the losses that it needs to take. One thing that caught my eye was the following: It has even been suggested that Barclays chose not to offload its Alliance Boots debt, when others in the banking syndicate took a 10 per cent valuation cut to get the assets off their books, because Varley and Diamond wanted to protect the minimal writedowns on leverage loans. Well you might say that. I couldn't possibly comment. Anybody looked lately at their consumer lender exposure in Japan? I couldn't possibly comment. How about just the almost total absence of losing trading days in the investment bank. I couldn't possibly comment. Anyone you know carried an 800 billion pound investment bank portfolio and not lost money on at least some days... I couldn't possibly comment. How about the ...

Chancery’s corporate mission is “to acquire, develop, and expand proven gold and mineral properties into world-class assets.” Their business is focused in Columbia, South America, specifically in the El Caafetal region.

The company’s premise is to use modern technologies to extract gold, silver and copper from mines that are currently only extracting gold by completely upgrading the mining equipment and processes. Furthermore, they feel other development in the area is promising for expansion based on recent sampling.

The Columbian government is friendly to foreign investment at this time. On the investor portion of its website, Chancery addresses the risk of investing in a foreign country. According to Chancery, Columbia is one of the most stable economies in Latin America, as well as the oldest and most stable Latin American democracy.

Let us hear your thoughts: Chancery Resources, Inc. Message Board

No one portfolio is suitable for all investors and no lifestyle or target date fund has a portfolio that is appropriate for all investors of the same age or projected retirement date. Building a portfolio that is tailored specifically to you is a better way to go.

Some Key Issues to Understand About Yourself:

When designing your own portfolio, you need to take into consideration at least these issues:

Your level of need for current income from your portfolio
Your tolerance for volatility based on requirements for capital withdrawals to pay for lifestyle or particular capital needs, such as college tuition
Your level of emotional tolerance for portfolio value fluctuation
Your ability to replace potential capital losses with earnings from work
Your other assets and sources or income, such as rents or pensions
Your ability, willingness, available time and self-discipline to research and manage your portfolio’s assets
The level of total return …

No one portfolio is suitable for all investors and no lifestyle or target date fund has a portfolio that is appropriate for all investors of the same age or projected retirement date. Building a portfolio that is tailored specifically to you is a better way to go.

Some Key Issues to Understand About Yourself:

When designing your own portfolio, you need to take into consideration at least these issues:

Your level of need for current income from your portfolio Your tolerance for volatility based on requirements for capital withdrawals to pay for lifestyle or particular capital needs, such as college tuition Your level of emotional tolerance for portfolio value fluctuation Your ability to replace potential capital losses with earnings from work Your other assets and sources or income, such as rents or pensions Your ability, willingness, available time and self-discipline to research and manage your portfolio’s assets The level of total return you seek and your time horizon ...

ETFs are securities certificates that state legal right of ownership over part of a basket of individual stock certificates. Several different kinds of financial firms are needed for ETFs to come into being, trade at prices that closely match their underlying assets, and unwind when investors no longer want them. Laying all the groundwork is the fund manager. This is the main backer behind any ETF, and they must submit a detailed plan for how the ETF will operate to be given permission by the SEC to proceed.

In theory all that a fund manager needs to do is establish clear procedures and describe precisely the composition of the ETF (which changes infrequently) to the other firms involved in ETF creation and redemption. In practice, however, only the very biggest institutional money management firms with experience in indexing tend …