Twitter IPO: The Pricing Game versus The Value Game
In my last post, I valued Twitter (TWTR) at about $10 billion. I made a ton of assumptions to get to that value and I...
Author : Wall Street Pit
S&P, Select Tech Stocks Stage Half-Hearted Reversals
The S&P was able to stage a small Red Dog Reversal in today’s session, but the price action was far from convincing. The index saw...
Will U.S. Avert Default?
Former President Bush top economist and current Chairman of the Economics department at Harvard University, Greg Mankiw joined Bloomberg Television’s Erik Schatzker and Scarlet Fu...
Tech Taken to the Woodshed
Tech stocks led the sharp decline in US markets today as there continues to be little progress towards a compromise that would raise the debt...
The Fed’s New Triple Mandate
I see that Ryan Avent is also appalled by the revelations in the recent Hilsenrath story: THE Wall Street Journal‘s Jon Hilsenrath has written a...
The Robotic Revolution Isn’t Going Anywhere. It’s Only Getting Started
Slavery is coming back. In the future, we’ll all have personal servants. They’ll clean our homes, tend to our gardens, harvest our food, manufacture our...
Muni Bond ‘Perfect Storm’ Now Over Island of Puerto Rico
It’s the peak of Hurricane Season, and tropical storms are churning in the Gulf of Mexico and threatening Louisiana and Texas. Likewise, UBS clients on...
Underestimating Economic Potential as a Justification for Inaction
The narrative about the 2008 financial crisis is about the notion that several economies were following an unsustainable path before the crisis started. We talk...
TOP STORY: Valuing Twitter
A little more than a week ago, I posted my first take on Twitter and argued that even in the absence of financial information from...
The SEC Chair Discusses Market Structure and Self-Regulation
SEC Chair Mary Jo White has made something of a stir with her recent speech on equity market structure. One interesting thing was her attempt...