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Posts Tagged ‘stock market’

Silver will go to $100/oz:Lindsey Williams

March 21, 2011 Comments off

Nasdaq Is Close to Making Hostile Bid for NYSE

March 15, 2011 Comments off

You are witnessing the global markets becoming consolidated into an eventual one mega world market.  If you are wise as I am sure many of you are, get out of stocks and purchase gold and silver bullion.  It will save you in the longrun short-run.

www.cnbc.com

Nasdaq is moving closer to a hostile bid for NYSE Euronext, which could come as early as Tuesday, sources close to the matter told CNBC.

NASDAQ MarketSite Tower, Times Square, New York, NY
AP
NASDAQ MarketSite Tower, Times Square, New York, NY

Nasdaq [NDAQ  26.37  -0.82  (-3.02%)   ] has nearly secured financing for the hostile bid [NYX  36.55  1.28  (+3.63%)   ], in an arrangement that could involve IntercontinentalExchange, also known as ICE [ICE  124.79  -1.28  (-1.02%)   ], which operates  a global futures exchange and over-the-counter (OTC) markets and derivatives clearing houses.

Questions remain on how financing would be structured, as well as what role ICE would play in the bid, as sources say that ICE will not use its stock in any deal. Instead, it appears ICE could commit to purchasing certain NYSE assets upon the closing of any deal.

Any Nasdaq bid would face significant obstacles, including the likelihood of strong antitrust scrutiny, as nearly every U.S.-listed stock sits on either the NYSE or Nasdaq exchanges.

Last month, Deutsche Boerse and NYSE Euronext  announced they would merge to create the world’s largest exchange operator in a Read more…

US Treasurys Dumped, Pimco Sees Value In Emerging-Market Bonds

March 11, 2011 Comments off

wsj.com

NEW YORK (Dow Jones)–The valuations on U.S. Treasurys are not attractive in a historical context and Pacific Investment Management Co. is moving money toward emerging-market debt, said the fund’s founder Bill Gross in an interview on Thursday with CNBC.

Reports came out on Thursday that the bond-fund giant had dumped all of its holdings of U.S. government bonds. Gross said better valuations can be found elsewhere, where yields are not artificially boost by Federal Reserve purchasing.

“The overvaluation [in Treasurys] has been dependent on the purchasing power of the Fed,” said Gross, who does not believe there will be a third round of “quantitative easing.”

Pimco did not participate in Thursday’s 30-year auction nor Wednesday’s 10-year auction, Gross said, though both were considered well-received.

The fund still owns about Read more…

Modern Society Threatened by Solar Storms

February 20, 2011 Comments off
Tuesday’s dramatic X-class solar flare triggered an Earth-bound CME, but the resulting solar storm wasn’t as powerful as expected.
NASA/SDO/AIA

 

The Earth just dodged a solar bullet. But it won’t be the last. Experts say a geomagnetic storm, sparked by a massive solar eruption similar to the one that flared toward the Earth on Tuesday, is bound to strike again, and the next one could wreak more havoc than the world has ever seen.

Modern society is increasingly vulnerable to space weather because of our dependence on satellite systems for synchronizing computers, navigational systems, telecommunications networks and other electronic devices.

A potent solar storm could disrupt these technologies, scorch satellites, crash stock markets and cause months-long power outages, experts said Saturday at the Read more…

German Bank Nears Purchase of NYSE

February 11, 2011 Comments off

Deutsche Boerse AG is in advanced talks to buy NYSE Euronext in an all-stock transaction that would create the world’s biggest exchange operator, accelerating a day of takeovers that began with London Stock Exchange Group Plc’s acquisition of Canada’s TMX Group Inc.

NYSE and Deutsche Boerse said they will produce 300 million euros ($410 million) in cost savings, according to a statement. Duncan Niederauer, New York-based NYSE Euronext’s chief executive officer, will hold the same job at the combined company. Frankfurt-based Reto Francioni, CEO of Deutsche Boerse, will be chairman. Deutsche Boerse will own about 59 percent to 60 percent of the joined corporation.

The combination, following a decade-long wave of mergers among exchange companies, would unite equity and derivatives platforms from the U.S. and Germany to France, the Netherlands and Portugal. Since 2000, there has been at least Read more…

Inflation Group Says U.S. Cities Will Be Like Egypt in Four Years

February 5, 2011 Comments off

The National Inflation Association has issued a chilling new advisory in which it warns that the inflationary time bomb being created by the policies of the Federal Reserve will lead to American cities experiencing similar chaos currently unfolding in Egypt by 2015.

Egyptian dictator Hosni Mubarak has been in power for three decades and in that time has managed to handle all manner of threats to the stability of his regime. But it was the huge unrest sparked by soaring food prices that finally led the Egyptian people to launch a revolution which is likely to see Mubarak forced out of office for good.

“Food inflation in Egypt has reached 20% and citizens in the nation already spend about 40% of their monthly expenditures on food. Americans for decades have been Read more…