News

Notes

• Equity-Linked Notes
• Equity Participation Notes
• Equity-Linked Note (ELN)
• Equity Participation Notes - Wikicapital

Daily crack spreads are given here: Oil Intel News | Petroleum Spot Markets | Refining Margins

Invest like a young Warren Buffett - MSN Money

• Return on Equity
• ROE: 5-year Avg. >= 17%
• Return on Capital
• Return on Invested Capital: 5-year Avg. >= 17%
• Profit Margins
• Pre-tax profit Margin: 5-year Avg. >= 1.2 * ( Industry Avg. Pretax Margin: 5-year Avg. )
• Valuation
• Price/cash flow ratio <= 0.8* Industry Average price/cash flow ratio
• Debt
• Debt to Equity Ratio <= 0.8*Industry Average Debt to Equity Ratio
• Management Quality
• Income per employee >= 1.1* Industry Average Income per employee

• PBT: Permian Basin Royalty Trust – Cash Distributions
• PWE: Penn West Energy Trust - Adjusted Cost Base (ACB) Calculator
• PVX: Provident Energy Trust - Distribution History
• HTE: Harvest Energy Trust - Distributions
• AAV: Advantage Energy Income Fund - Distributions
• HGT: Hugoton Royalty Trust - Distributions
• MTR: MESA ROYALTY TR - Distributions
• CRT: Cross Timbers Royalty Trust - Distributions
• SBR: Sabine Royalty Trust - Distributions

• DOM: Dominion Resources Black Warrior Trust - News - Distributions
• TELOZ: TEL Offshore Trust
• NRT: North European Oil Royalty Trust - Distributions

Daily Best

• Yen's upward moves follow familiar path as risk aversion rises
• Dollar benefits as risk aversion saps rivals; yen gains
• Crude ends below $75 on economic jitters as OPEC cuts demand view

September 21, 2008

• Greenspan’s sins return to haunt us

September 20, 2008

• Bush Administration Seeks $700B for Economic Bailout

September 19, 2008

• Options Clearing Corporation Statement Regarding SEC Short Sale Ban
• Banning short sales is market manipulation
• Banning Short Selling Could Have Disastrous Consequences For The Options Market
• SEC Considers Revising Shorting Ban in Options Market
• Short selling ban: What about open short positions?
• Ban short-selling? A BIG mistake!
• The following article contains a good quote on why ban on short-selling is bad: SEC Said to Weigh Ban on Short-Selling Brokerage Firms' Shares
• Five Reasons: Why the Short-Selling Ban Stinks
• List of U.S. companies whose shares can't be shorted
• Chris Cox’s Terrible Idea
• SEC bans short selling in hundreds of financial stocks
• British ban on short selling could be bad for London hedge funds
• Short-selling ban is a 'mind-blowingly stupid' knee jerk reaction
• Ban on short-selling won't fix markets on its own
• SEC bashed over short-selling ban
• Govt trading ban could have unintended results
• Companies try to scramble aboard SEC short selling lifeboat
• Washington moves to shore up money-market funds
• U.S. readies broad rescue plan for financial crisis
• Money market backstop plan is low-cost peace of mind
• On the banned list: AHD - ATLAS PIPELNE HLDINGS and NSH - NuStar GP Holdings
• EMERGENCY ORDER PURSUANT TO SECTION 12(k)(2) OF THE SECURITIES EXCHANGE ACT OF 1934 TAKING TEMPORARY ACTION TO RESPOND TO MARKET DEVELOPMENTS
• Short Selling Ban Backlash

September 18, 2008

• Fed, ECB pump billions into money markets
• Putnam Fund closes after investors pull cash
• Morgan Stanley, banks rush to complete deals
• Closed-end fund panic could bring bargains
• Money market funds see record $90 billion one-day drop
• Fed has lots of firepower left
• U.S. Considers Structure For Financial Firm's Bad Assets
• Household Net Worth Declines
• Worst Crisis Since '30s, With No End Yet in Sight
• Bad Bets and Cash Crunch Pushed Ailing AIG to Brink This is an excellent article on why the Fed jumped into the AIG crisis.
• A Big Unknown: Cost of Bailouts

September 17, 2008

• FRB: Press Release--Federal Reserve Board, with full support of the Treasury Department, authorizes the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG)--September 16, 2008
• Will AIG plan cost taxpayers money, or just sleep?
• On Wall Street, employees brace for next disaster
• Dollar sinks as financial woes unnerve investors
• Gold prices post biggest 1-day gain ever
• Libor jump, TED spread show extent of credit crisis
• How bad is it? It's actually pretty darn good
• A Funny Thing Happened On the Way to the Discount Window - Options Commentary
• Gold back in its element as safety for investors
• AIG's businesses for sale as bailout buys insurer time

September 15, 2008

• AIG Seeks Huge Loan As Stock Dives 61%
• S&P: Ratings on American International Group Lowered and Kept on CreditWatch Negative
• Fitch Cuts AIG Ratings
• State plans protect consumers with AIG insurance policies
• Goldman reports results on Tuesday amid market turmoil
• Market looks for rate cut, but it's not certain
• AIG slumps as insurer rushes to raise capital, avoid downgrades
• Industrial production drops 1.1% in August
• Central banks pump cash into money markets - Sep. 15, 2008

September 14, 2008

• Financial hurricane victim Lehman waited too long
• Banks seen offering plan to restore confidence
• Derivatives market trades on Sunday to cut Lehman risk
• Bank of America Reaches Deal for Merrill

September 9, 2008

• Housing: It's about prices ...
• Exchange rates that forecast commodity prices
• Home-Price Bottom May Still Be a Year Away

September 8, 2008

• UAL shares hit by recycled bankruptcy story  This story shows the power of the press!

September 7, 2008

• Fannie, Freddie seen falling after historic government move
• U.S. Seizes Mortgage Giants - WSJ.com
• Mounting Woes Left Officials With Little Room to Maneuver - WSJ.com
• No End Yet to the Capital Punishment

August 21, 2008

• Energy stocks are priced to buy, Morningstar analyst says
• Losing Fannie and Freddie would deal a blow to Wall Street
• Former FDIC chairman Seidman advocates GSE bailout, privatization

August 19, 2008

• U.S. July PPI climbs by more-than-expected 1.2%
• Crude futures move up as traders turn attention to supply

August 18, 2008

• Fannie, Freddie drop after report says bailout likely
• Brokers ask feds to hit Wall Street harder over auction-rates
• The Endgame Nears For Fannie and Freddie
• Some investors may be left out of auction rate settlement
• Fannie Mae, Freddie Mac plummet, dragging down financials - MarketWatch

August 17, 2008

• Book Review: 'Super Stocks'
• 41 Stocks Returning 10% or More Last Week
• Qualities of the Best Dividend Stocks

August 13, 2008

• Fund manager survey shows global recession fears on rise
• Unlocking the Auction-Rate Mess - Barrons.com
• Energy Stocks Are Too Cheap to Ignore - Barron's - Seeking Alpha

August 12, 2008

• Corn closes higher after falling below $5 a bushel

August 11, 2008

• Is the Commodities Bull Market Over?
• Using Futures To Hedge Your House
• Is Value Dead?
• Gold: The Commodity Bull Market Isn't Over
• Stronger Dollar and the Stock Market
• How Far Has Market Leadership Shifted?

August 10, 2008

• Consumer spending heading for a fall
• Dollar's bottom could be real thing this time, analysts say

August 6, 2008

• Is it Different This Time?
• Dow Jones 300+ Point Moves and Bear Markets

August 5, 2008

• Wall Street extends rally after Fed decision
• Fed holds rate steady on inflation, growth worries

August 1, 2008

• Investing in Tankers: Ship, Ship, Hooray?
• Which Inflation Is It Anyway? - Seeking Alpha

July 30, 2008

• Wall Street given its deadline by the Fed
• Fed takes steps to break through credit clogs
• County-by-County Cat Bonds: Pinpointing Risk
• Lower fixed rates fail to draw more mortgage applicants
• The hidden tax traps in the housing-rescue bill

July 24, 2008

• What the SEC Really Did on Short Selling

July 23, 2008

• CNNMoney.com Market Report - Jul. 23, 2008

July 22, 2008

• Oil off more than $3; CFTC cites demand for run-up
• Roubini More Than 1 Trillion Needed to Solve Housing Crisis
• U.S. markets rise to their first significant technical test - MarketWatch
• Washington Mutual loses $3.3 billion - Jul. 22, 2008

July 17, 2008

• Merrill reports $4.65 bln quarterly loss; sells Bloomberg stake - MarketWatch

July 16, 2008

• Consumer prices jump 1.1% in June
• Swiss Re reveals $9.6 bln exposure to Fannie Mae, Freddie Mac
• Home builders index hits another low
• Dollar gets support from data, stronger stocks, cheaper crude oil
• Corn gains first day in three; soybeans also higher

July 15, 2008

U.S. stocks close mainly down as financial sector still trouble - MarketWatch

July 8, 2008

Corn falls for third day as traders sell commodities

July 7, 2008

• Crisis wipes $1 trillion from financial stocks: Financial News - Yahoo! Finance
• Stocks fall on worries about financial sector: Financial News - Yahoo! Finance

July 3, 2008

• Rising energy costs eroding Asia's competitive edge

July 1, 2008

• Market sentiment suggests a bottom isn't in yet

June 30, 2008

• U.S. stocks end June, second quarter sharply lower - MarketWatch

June 26, 2008

• U.S. stocks plunge; worst June for Dow since Great Depression - MarketWatch

June 25, 2008

• Stocks trim gains after Fed

June 24, 2008

• A head and shoulders top may be forming on the Dow - MarketWatch
• Housing slump rivals deepest slowdowns in 60-plus years: Report

June 21, 2008

• Stocks' recovery depends on oil, inflation and financials - MarketWatch
• Dollar dips on fears of bank woes, lower forecasts of Fed hikes - MarketWatch

June 19, 2008

6 Metal Stocks That Shine Brighter Than Gold - Seeking Alpha

June 18, 2008

U.S. stocks slide as oil rises; Dow ends at three-month low - MarketWatch

June 12, 2008

Oil prices rebound on Nigeria, technical factors: Financial News - Yahoo! Finance

June  10, 2008

• Markets move on fears of inflation crackdown - FT
• Corn rises for fifth day as USDA projects lower output - MarketWatch