Nasdaq 2,915.86 +11.78
SP500 1,349.96 +2.91
30-yrBond 3.1410% +0.00
GLD 168.50 -1.20
SLV 33.04 -0.22
PTM 23.36 +1.04
XLE 73.77 -0.25
XLF 14.77 +0.11
VXX 24.48 +0.53
Last weekend, Barron's had an article on buying Fannie Mae's properties at auction. For the larger auctions, there are income requirements and property management requirements. For the smaller sales, there will be restrictions such as requiring the property continue to be rented and renters may not be evicted. Single-sale site.
New product of binary options.
Article in WSJ says this fund invests in small companies overseas and from "late 2008 to July 2011 ... turned at $10,000 investment in $23,500 ...". Company website.
Canada auctioned bonds denominated in US dollars. Fundamentally this will put demand into the US currency, while exposing Canada to currency risk.
CZR 15.39 +6.39. Does anyone wonder why the investing public thinks the markets are fraudulent and a rip-off?
Caesar's, formerly known as Harrah's Entertainment, sold a little more than 1% of its outstanding shares for $9 apiece late Tuesday. The company raised just $16 million, a minute amount compared to its $22 billion debt burden.
GBG 1.00 -0.06. Day range 0.94 - 1.06. Monday sold off to 1.04s after earnings. Tiny buy order at 1.01 was filled today.
Great Basin announced preliminary fourth-quarter results this morning that showed a 20% decline in gold recoverable ounces, and, even worse, an 18% increase in the cost to recover those precious metals.
... results may wind up being a lot closer to breaking even in 2012 than many realize. I'd wait for the company's actual numbers in March before you make up your mind ...
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