Stocks trade around 20 times earnings now…and the Dow is about 10 times the price of gold. Sometime in the future, you’ll probably be able to buy Dow stocks at 5 times earnings and maybe only 1 times the price of gold. Three thousand seems like a likely target, because that would move stock prices down into the right range from a P/E standpoint…
May 6th, 2010 | Bill Bonner | 6 comments | ContinuedAll Posts Tagged With: "SEC"
Poor Ol’ Goldman
Poor Ol’ Goldman … Just trying to do ‘God’s work’ … And everybody treats it like the devil.
April 27th, 2010 | Bill Bonner | 6 comments | Continued
Germans Are Reluctant To Give Greeks A Financial Weapon
Wednesday, April 21st saw Reuters publish not one, not two, but six articles on the Greek debt mess.
Basically, they discussed what could be an amusing procedural hiccup for the planned Greek bailout.
The Goldman Sachs Phenomenon
Now that the American financial sector is safe and unsound once again, has the threat of serious economic crisis genuinely passed? And has the structure of American capitalism actually improved? Or did the Fed merely dress a sow in lingerie and call her a raving beauty?
April 20th, 2010 | Eric J. Fry | 2 comments | Continued
America Hates Goldman Sachs
As the entire investing world knows by now, Goldman Sachs is the latest cockroach to scuttle under the spotlight. Last Friday, the Securities and Exchange Commission accused Goldman of defrauding investors out of $1 billion. The details of the SEC’s complaint allege that Goldman failed to disclose “vital information” about a mortgage-back security called Abacus.
April 20th, 2010 | Eric J. Fry | 1 comment | Continued
Goldman vs Congress
Markets all over the world reacted with red to Friday’s news that the U.S. Securities and Exchange Commission (SEC) had lowered the boom on Goldman Sachs. The SEC has technically accused Goldman of fraud. It alleges that Goldman helped create a collateralised debt obligation (CDO) made up of subprime mortgages.
April 19th, 2010 | Dan Denning | 14 comments | Continued
Why The SEC Sued Me – And Why You Should Care
When most people are sued by the SEC, they do their best to put the matter behind them – as quickly and quietly as possible.
March 9th, 2010 | Porter Stansberry | 8 comments | Continued
Only “Essential” Government Employees Need Report for Duty
We wondered if any of them really were essential. Surely, not the fellows who are watching after the African horned beetle…
February 9th, 2010 | Bill Bonner | 2 comments | Continued
Short-selling of Financial Stocks
“Unbridled short selling is contributing to the recent, sudden price declines in the securities of financial institutions, unrelated to true price valuation,” said SEC chairman Christopher Cox…
November 27th, 2009 | Adrian Ash | 0 comments | Continued
Who Was the SEC Harassing Instead of Madoff?
Investigators wondered why the agency had let Madoff run billions in suspicious trades without ever checking them out. The SEC responded by saying it lacked sufficient resources. Then, New York Senator Schumer said he would propose a measure to increase the agency’s spending power by 75%…
September 8th, 2009 | Bill Bonner | 2 comments | Continued
Madoff Astonished SEC Didn’t Verify His Claims
In response, the SEC says it “doesn’t have the resources” necessary to keep an eye on “the exploding number of financial firms.”
September 7th, 2009 | Bill Bonner | 0 comments | Continued
Should You Buy Gold Now?
The Trade of the Decade is still buy gold/sell stocks. And the decade isn’t over. If you have US stocks, this is a good time to sell. The Dow went up 63 points yesterday – a weak bounce after several days of losses.
September 7th, 2009 | Bill Bonner | 0 comments | Continued
Never-Ending Government Lies About Markets
The purpose of government is for those who run it to plunder those who do not. Throughout history, governments have used violence, intimidation, coercion, and mass murder to enforce this system. But governments’ first line of “defense” is always a blizzard of lies…
July 2nd, 2009 | Thomas DiLorenzo | 6 comments | Continued
Bernie Madoff and the SEC
But all the papers seem delighted. “Locked up for Life!” says one of today’s headlines. The judge “threw the book at him,” says another. His victims wanted him to get no mercy. The judge gave him none, imposing the maximum sentence.
July 1st, 2009 | Bill Bonner | 2 comments | Continued
SEC Watchdogs Slept Through the Biggest Heist in History
The blogs are chattering about poor Lee Mozilo. He’s no Angelo, they say. The SEC claims he told investors that all was well in his company, Countrywide, while he was dumping shares.
We don’t know the details, so we wouldn’t rush to judgment. But our guess is that the SEC is trying to recover its reputation by putting on a few show trials.
