Shares of MF Global Ltd dropped sharply in trading today, reaching a new low. The stock is at $7.26, down $10.09. The stock opened lower and continued to slide for the opening 45 minutes. Trading volume is way up.
Officially, there’s no news with respect to MF Global. Unofficially, rumors are circulating that a major European investment bank is rumored to have shut off MF Global with respect to trades in which MF Global acts as principal. Nothing has been confirmed.
Posted by guest , Mar 17, 2008 12:46PM
Any specifics on NCC? anyone? Anyone?
Posted by guest , Mar 17, 2008 12:59PM
This is just oversold fear - you'll see that FC Stone (FCSX), of all firms, was down like 40% today.
It's "shoot first, ask questions later" and short-sellers are laughing all the way to the bank.
Posted by guest , Mar 17, 2008 1:00PM
oppenheimer...
Posted by guest , Mar 17, 2008 1:08PM
After calling the the financial crisis "over" last Thursday, I just want everyone at S&P to understand that their "S" and their "P" now mean "Shit Poor" analysis and market awareness.
But,,,there are now a lot of quants on the street so maybe they'll get some help.
Posted by guest , Jul 03, 2008 3:00PM
Are Kevin Davis and Jason Kellman an item?
Posted by guest , Jul 23, 2008 4:21PM
Any one who knows Davis is short. Wouldn't let him buy me orange juice, with MY money!
Posted by DevonteK , Mar 18, 2009 2:21AM
Even the dollar plunges and even against inflation still gold remains a solid investment. Actually gold prices are going up. Wall Street panics like Orson Welles is reading the War of the Worlds again, yet gold is still solid. The thing about gold is that it’s separate from our normal currency, even though we used to be on the gold standard. At one point, we opted out of the Bretton Woods System, an international gold standard, and began using fiat currency, which is based on credit and not the value of a commodity. Its value has dropped over time, as it is no longer tied to something real, like gold prices.To read more check out this articles at http://personalmoneystore.com/moneyblog/2009/03/09/fiat-dollar-gold-commodities/