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Why Deutsche Bank Is Sliding After Its Massive Equity Offering: Wall Street...
Despite its widely telegraphed $8.5 billion public offering with another $2 billion expected to be raised from asset sales, Germany’s biggest lender is down sharply this morning as much as 6.9%...
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What’s A Money-Losing Company Worth?
Via ConvergEx's Nicholas Colas, All the chatter about one recent IPO got us thinking about an underappreciated question: “How exactly should you value a money losing company?” In a former life as an...
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Deutsche Bank Tumbles Most In 5 Weeks After Earnings Disappoint Across The Board
On the surface, Deutsche Bank’s results this morning came in better than expected with first quarter earnings more than doubling as Germany’s biggest bank benefited from a pick-up in market activity at...
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Citi: “We Have Only Seen This Market Anomaly Twice Before: In 1999 And 2006”
With one bank after another – including Goldman, JPM and BofA – quietly urging investors in recent weeks to head for the exits in a time when the Fed is not only hiking rates but warning about...
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LTCM Is Back: One Hedge Fund Uses 25x Leverage To Beat The Market
Before we start, a little history lesson… At the beginning of 1998, Long-Term Capital Managementhad equity of $4.72 billion and had borrowed over $124.5 billion with assets of around $129 billion, for...
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FOMC Minutes Show “Divided” Fed Fearful Of High Asset Prices, Low Inflation
Having hiked in June amid gravely disappointing macro-economic data, all eyes are now on the minutes for inflation (weakness blamed on "idiosyncratic factors"), labor market (concerns about "sustained...
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“Why Does Extraordinarily Low Volatility Matter” Baupost Explains…
With elites increasingly sounding the alarm about the state of the stock market, and various market participants fearing the complacency is masking the fragility of the market's true character; it is...
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Fed’s Kaplan Admits Stock Valuations Are Elevated, But He’s Not Worried For...
There were two explicit warnings about stock market valuations in the latest Fed Minutes: first, the Fed warned that “vulnerabilities associated with asset valuation pressures had edged up from notable...
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The Cost Of Market Crash Insurance Just Hit A Record High
With the VIX surging, and then quickly getting pummeled on two occasions in the past three weeks, dizzy traders could be forgiven to assume that any latent “risk off” threat, whether from North Korea...
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Saudi Wealth Fund Aims To Double AUM To $400 Billion By 2020 – Discovers...
Saudi Arabia’s sovereign wealth fund, a key engine of the kingdom’s plan to diversify the economy, on Wednesday laid out new targets for growth, saying it aims to nearly double the value of assets it...
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