Posts Tagged ‘criminal probe’

10 Things You Need To Know That Are Going On This Weekend

SPECIAL EDITION: 10 Things You Need To Know That Are Going On This Weekend

Courtesy of Joe Weisenthal, at Clusterstock 

It’s a Saturday, but it certainly doesn’t feel like it, because there’s a heck of a lot going on. 

Here’s what you need to be paying attention to this May Day.

  • Greece/IMF/EU talks continue. According to Greek government officials, some kind of announcement may be made today. The market is hoping to hear something that’s orders of magnitude stronger than any bailout announcement we’ve gotten so far, or otherwise the feeling will be that it can and will fall through again.
  • Of course, there are fresh violent, anti-austerity protests going on today in Athens. The fact that it’s May Day, a day for celebrating anti-capitalism only adds to the tension.
  • New reports suggest the criminal probe into Goldman Sachs is not just a perfunctory follow-on to the SEC charges, but rather a truly separate thing that’s wider than Abacus, and that started before the SEC’s investigation. HUGE.
  • With just five days before the election, UK’s The Guardian has endorsed the Liberal Democrats, the country’s biggest third party. Its leader, Nick Clegg, has surged thanks to a string of strong debate performances, Gordon Brown’s disastrous campaigning, and a lingering sense of unease with the conservatives.


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    Federal Prosecutors Conducting CRIMINAL Probe Of Goldman Sachs

    Federal Prosecutors Conducting CRIMINAL Probe Of Goldman Sachs

    Courtesy of Joe Weisenthal at Clusterstock 

    Banking CEO's Testify Before House On Use Of TARP Funds

    Following the SEC’s fraud charges against the firm, prosecutors have opened up a criminal probe of Goldman Sachs (GS), the WSJ is reporting this evening.

    There are several things to note here, particularly the fact that an initial probe is no guarantee that charges will actually filed. In fact, such initial probes are common after civil charges are brought.

    Although the ramifications of such a case would be enormous, the significant weaknesses and ambiguities that have emerged in the SEC’s case may make prosecutors gun-shy.

    Lady justice with scales

    Why else?

    Notes WSJ:

    But the Goldman probe presents a significant challenge for the government. Prosecutors in the Brooklyn office of the U.S. Attorney last year lost a high-profile fraud case against two former Bear Stearns Cos. executives, in the first major criminal case linked to the financial meltdown.

    Prosecutors had accused the Bear Stearns employees of lying to investors in 2007 about the health of two funds that eventually collapsed. The case centered on what the government viewed as incriminating emails indicating the traders knew the mortgage market would fall but didn’t disclose that view to investors.

    To bring any criminal charges in the Goldman matter, prosecutors would need to believe they had gathered evidence that showed that the firm or its employees knowingly committed fraud in their mortgage business. Proving such intent to break the law typically is the toughest hurdle for prosecutors to clear.

    Read the whole report > 


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    ValueWalk

    Investors urge pharmas to develop treatments for COVID-19

    By Jacob Wolinsky. Originally published at ValueWalk.

    Investors urge pharma companies to work collaboratively on developing treatments for COVID-19

    Global pandemic calls for urgent and collective action to heal the sick and to prevent further contagion.

    Q1 2020 hedge fund letters, conferences and more

    NEW YORK, NY, TUESDAY, APRIL 7TH, 2020 - Investor members of the Interfaith Center on Corporate Responsibility have sent ...



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    Zero Hedge

    Did Capital One Run Into A Commodity Prepay Wall?

    ourtesy of ZeroHedge View original post here.

    Submitted by Jacques Simon,

    In our last post we touted a too-big too fail return in the commodity-sector (a name nobody dare to pronounced. Today prices are down but market volatility is up (VaR is up, prices are down). Capital one, a FDIC-insured bank is allowed to ...



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    Kimble Charting Solutions

    DAX Index Hits Two 18-Year Support Lines, Creates Large Bullish Reversal

    Courtesy of Chris Kimble

    Has the DAX index from Germany experience a large decline of late? Yes, it has!

    Has the decline broken long-term rising support lines? Not so far!

    This chart looks at the DAX index on a monthly basis over the past 25-years. Over the past 6-years, it has traded sideways inside of the blue rectangle at (1).

    The decline this year saw the DAX hit two 18-year rising support lines at (2) last month, where a large bullish reversal took place.

    Until broken, important support remains in play at (2), which is bullish for this key index....



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    Phil's Favorites

    Here's how scientists are tracking the genetic evolution of COVID-19

     

    Here's how scientists are tracking the genetic evolution of COVID-19

    Why do scientists care about mutations on the coronavirus? Alexandr Gnezdilov Light Painting

    Niema Moshiri, University of California San Diego

    When you hear the term “evolutionary tree,” you may think of Charles Darwin and the study of the relationships between different species over the span of millions of years.

    While the concept of an “evolutionary tree” originated in Darwin’s “...



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    Biotech/COVID-19

    Here's how scientists are tracking the genetic evolution of COVID-19

     

    Here's how scientists are tracking the genetic evolution of COVID-19

    Why do scientists care about mutations on the coronavirus? Alexandr Gnezdilov Light Painting

    Niema Moshiri, University of California San Diego

    When you hear the term “evolutionary tree,” you may think of Charles Darwin and the study of the relationships between different species over the span of millions of years.

    While the concept of an “evolutionary tree” originated in Darwin’s “...



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    Chart School

    The Big Short movie guides us to what is next for the stock market

    Courtesy of Read the Ticker

    There is nothing new in WallStreet, it is only the players that change. Sometimes a market player or an event gets ahead of the crowd and WallStreet has to play catch up.

    Previous Post Dow 2020 Crash Watch Dow, Three strikes and your out!

    It is important to understand major WallStreet players do not want to miss out on a money making moves.  







    ...

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    Insider Scoop

    Economic Data Scheduled For Friday

    Courtesy of Benzinga

    • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
    • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
    • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
    • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
    ...

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    The Technical Traders

    Founder of TradersWorld Magazine Issued Special Report for Free

    Courtesy of Technical Traders

    Larry Jacobs owner and editor of TradersWorld magazine published a free special report with his top article and market forecast to his readers yesterday.

    What is really exciting is that this forecast for all assets has played out exactly as expected from the stock market crash within his time window to the gold rally, and sharp sell-off. These forecasts have just gotten started the recent moves were only the first part of his price forecasts.

    There is only one article in this special supplement, click on the image or link below to download and read it today!

    ...

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    Members' Corner

    10 ways to spot online misinformation

     

    10 ways to spot online misinformation

    When you share information online, do it responsibly. Sitthiphong/Getty Images

    Courtesy of H. Colleen Sinclair, Mississippi State University

    Propagandists are already working to sow disinformation and social discord in the run-up to the November elections.

    Many of their efforts have focused on social media, where people’s limited attention spans push them to ...



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    Digital Currencies

    While coronavirus rages, bitcoin has made a leap towards the mainstream

     

    While coronavirus rages, bitcoin has made a leap towards the mainstream

    Get used to it. Anastasiia Bakai

    Courtesy of Iwa Salami, University of East London

    Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than US$10,000 (£8,206) in mid-February to briefly below US$4,000 on March 13. Despite recovering to the mid-US$6,000s at the time of writin...



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    Promotions

    Free, Live Webinar on Stocks, Options and Trading Strategies

    TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

    Feb. 26, 1pm EST

    Click HERE to join the PSW weekly webinar at 1 pm EST.

    Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

    This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

    Mike will show off the TradeExchange's new platform which you can try for free.  

    ...

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    Lee's Free Thinking

    Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

     

    Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

    Courtesy of  

    The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

    Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

    Lee,

    The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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    Mapping The Market

    How IPOs Are Priced

    Via Jean Luc 

    Funny but probably true:

    ...

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    About Phil:

    Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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