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As the World Turns As the World Turns
— Alan Greenspan Morgan Stanley (NYSE:MS) and Bear Stearns (NYSE:BSC) took one to the chin. They posted their first quarterly losses ever. Morgan boasts 72 years of banking experience. But somehow, a single trading team in the company’s fixed-income division conveniently fell on the sword. Its miscalculations were exacerbated by deterioration in the credit markets and a lack of liquidity for subprime and other mortgage-related securities, our friends at CNN report. Translated: A couple of greedy traders placed a bad bet. More importantly, they placed a bad bet in a bad system. So it goes. ********************************* The 100% Profits Pledge When my publisher told me they're pledging to give you the opportunity for at least 12 100% winners this year or your money back, I said they were nuts. But then I looked back at my track record...and the tables turned. Check it out here… ********************************* Unfortunately, the epidemic of rogue trading desks spread. So has the propensity to assign blame: Bankers point to Greenspan. Greenspan dodges. He points to bureaucrats. “Of course,” the once indubitable chairman writes, “the elephant in the living room is the glaring omission that, while the bubble was inflating, there was a complete lack of regulation for both mortgage origination and Wall Street product ‘innovation.’” Regardless, bankers need cash. And they need it now. Initially, they cast their lines in foreign waters. The sheiks and Chinese nibble…but they don’t take the full bait. So the bankers turn to Atlas (the Fed)…and Atlas desperately wants to shrug. But alas, he grins as his ailing knees bend ever so slightly more: He knows banks make the world go round. Without them, the disco ball stops spinning. And the seemingly interminable champagne toast comes to an end. So reluctantly, Atlas offers $20 billion in short-term loans. Investors sigh. The world, at least for now, keeps turning. But you, dear reader, shouldn’t care. Spending time and energy condemning the arson doesn’t help rebuild the house. ********************************* The Quest to Turn $200 into $9.4 Million With Penny Stocks In about 100 days, you could have grown your money over 1,500% by investing in just TWO of the fastest growing stocks on Wall Street — the ones you NEVER hear about in the mainstream media. But turning $200 into $3,234 is just the beginning. Check out what happened next — Step Three in your quest to turn $200 into $9.4 million...and Step Three in Wall Street’s most profitable stock chain, right here… ********************************* We must look forward. Ignore the headlines. Headlines are simply evidence for something missed, not something found. And forecasting the “next” great bull market shouldn’t require one, either. So when we read an estimate by Booz Allen Hamilton that suggests that modernizing and expanding urban water, electricity and transportation systems over the next 23 years would require $40 trillion — “a figure roughly equal to the 2006 market capitalization of all shares held in all stock markets in the world,” we sit up and listen. We believe you should, too. Until next time, P.S.: As you may already know, I head a newsletter service called the Free Market Investor. I recently told my readers about a very special opportunity, which I call “The World’s Greatest Growth Stock.” Check it out here… |
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| Christopher has spent the last two years doing investment research primarily focused on emerging markets, specifically China and Hong Kong. <click here for full bio> |
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