Three Stocks That Are Automatic Wealth Machines

The talks between G.M. and Cerberus Capital Management, the non-public equity firm that owns Chrysler, began more than per month ago, and the negotiations are not sure to produce a deal. Two people close into the process said the chances of a merger were "50-50" associated with Friday and would most likely still take weeks to work information about.



So what exciting news gave stocks such a lift that the Dow as well as the S&P 500 finished in the green? There wasn't any. However there was a POMO auction on Thursday, in which the New York Fed took bids for approximately $6-$8 billion in Treasury coupons dated 2018-2021, inducing approximately $150-$200 billion in leveraged capital distributed in the Fed towards Primary Dealers whose proprietary trading desks were capable to ramp-up stocks through the time. As I recently explained smaller blog, This method was referred to as "The POMO Effect" in a 2009 paper by Precision Capital Management entitled, "A Grand Unified Theory of Market Manipulation". Love this milieu when it lasts -- because after quantitative easing ends on June 30, "late day rallies" are usually few and a lot between.

I will miss Borders Bookstore if this finally closes. Personally, I visit the one at White Flint mall frequent. I love the atmosphere. I can just lose myself on the books and magazines there. In fact, when I'm there Really feel transported onto a land of books and honey.

Look, I understand why the management of GM and Chrysler want a merger; it's a classic technique to cut costs by eliminating redundancies and leveraging 2 corporations estate.

By 3:15 on Thursday, things were looking pretty sweet, although from there, enthusiasm for maintaining the ramp-job waned and the S&P 500 wound up just one crummy basis point the actual green and the NASDAQ slipped into the red.

Visa on Wednesday reported fiscal third-quarter net wages of $1 billion, or $1.43 per Class A common share, up from $716 million, or 97 cents per share, a year ago.

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