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Saudis cut oil price to U.S., hitting major oil stocks

WASHINGTON, November 4, 2014 – Lots happening today, but we’re running a short column due to several appointments plus doing our duty at the polls today in Virginia. Wherever you are, you should, too. Meanwhile, things are a little weird on Wall Street this morning after another bout of irrational exuberance on Monday that was ...

Monday’s markets await Election 2014, Alibaba [BABA] results

WASHINGTON, November 3, 2014 – We caught the press opening performance of the Folger Shakespeare Theatre’s new production of “Julius Caesar” last night, the first time we’ve seen this play in years. But nearly everyone who’s avoided a public high school knows that play’s famous warning: “Beware the Ides of March.” Caesar ignored that warning ...

AOL up 3.5 percent in active trading. To merge with Yahoo?

WASHINGTON, September 26, 2014 – Long rumored, reports are now surfacing that Jeffrey Smith’s activist investment firm Starboard Value LP is strongly urging Yahoo! (YHOO) to consider a “strategic combination” with AOL, aka America Online (AOL). Starboard, said to own a “significant stake” in YHOO, reportedly views such a combination as synergistic and a potentially ...

Dollar robust, commodities bust as stocks take sickening Thursday plunge

WASHINGTON, September 25, 2014 – After a brief bull picnic yesterday, the bears have returned to town with a vengeance this morning as stocks are plummeting pretty much across the boards. A pictured above, famed inventor and trader Wile E. Coyote has already taken the honorable course many of his distraught predecessors took in 1929, ...

Post-Alibaba, stocks down hard today as bears return

WASHINGTON, September 23, 2014 – It’s another typical Blue Monday on Wall Street today, as traders attempt to recover from twin weekend hangovers caused by a trifecta of allegedly bullish news late last week. The Fed announced, more or less, that it wasn’t going to raise interest rates anytime soon. Scotland decided to remain in ...

Want shares of the Alibaba [BABA] IPO? Good luck with that…

WASHINGTON, September 12, 2014 – Warning: Long article ahead. If you’ll forgive the vulgar analogy, trading the market this week has been a little like getting sloppy seconds. No matter what position you undertake, it’s increasingly likely to disappoint. READ ALSO: Scotland and Alibaba [BABA]: Wall Street’s Wild West Friday News past, present and future ...

BREAKING: Alibaba shares [BABA] priced at $68 after today’s market close

WASHINGTON, September 18, 2014 − Several sources confirm that Alibaba has officially priced its IPO shares at $68 per share, at the high end of its final, expected range. Likely to be  if not already a major competitor with world-wide e-commerce sites like Amazon.com, Alibaba (new symbol BABA) essentially rules Chinese markets and has already begun ...

Fast and Furious: All eyes on Scotland, Alibaba [BABA] IPO

WASHINGTON, September 18, 2014 – It’s fast and furious out there on Wall Street, almost like last year’s action film of the same name. (No reference to the Eric Holder scandal that the press says never happened.) The Fed has already weighed in with its September Scooby-Doo style “Who, me?” report, confirming QE ends after ...

BREAKING: Fed QE ends in October, Alibaba [BABA] on deck

WASHINGTON, September 17, 2014 – It’s official. The U.S. Federal Reserve Bank is ending its QE bond-buying program in October as promised. But the eagerly hoped-for words “a considerable time,” remained in its statement today, assuring investors that interest rates would be going up, but not very soon. The market has been in turmoil over ...

Alibaba [BABA] creates more IPO shares. Facebook redux?

WASHINGTON, September 15, 2014 – Alibaba’s [BABA’s] incoming IPO really seems to have a head of steam going into its scheduled Thursday evening (September 18) pricing and Friday morning opening trading which will likely start quite late. But the Maven still doesn’t think you and I are going to get any of these shares, whatever ...

Alibaba, Fed, Scotland, Rule 575 send stocks over the cliff

WASHINGTON, September 15, 2014 – It’s another Blue Monday on Wall Street today where last week’s weirdness and uncertainty once again reign supreme. The tech-heavy NASDAQ is down a whopping 50 or so points around noon EDT, which seems weird, as Apple (AAPL), one of the biggest components of the Nazz, is up nicely today ...

Apple [AAPL] products, Alibaba [BABA] IPO loom

WASHINGTON, September 8, 2014 – We begin another uncertain week on Wall Street today. Numbers are and aren’t what they appear to be and the international forces of violence are having a field day since the good guys’ once reliable general, the United States, has gone on a perpetual golf holiday under figurehead President Duffer ...

Stocks rally as annual Jackson Hole confab on tap this week

WASHINGTON, August 18, 2014 – Irrational exuberance has returned in force to Wall Street, at least for today. The DJI is up around 170 points as of 1 p.m. EDT, while the S&P 500 is up a healthy 15 points and the tech-heavy NASDAQ is up a whopping 39. It would be nice to say ...

Chinese e-tail IPO JD.com pops in slow pre-holiday trading

WASHINGTON, May 22, 2013 – Priced last night at $19 per share—a dollar above its earlier range—Chinese e-retailer JD.com (new symbol: JD) popped in its opening trade late this morning and is currently bid at about $21 per share. That’s roughly a 10 percent gain if it holds. The Maven got lucky and snagged a ...