Facebook IPO: How to Trade Facebook Today

The 800-pound gorilla is about to enter the room.  Facebook wants to IPO in the second quarter of 2012 with a $10 billion offering, valuing the company around $100 billion.

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You Want to See a Sobering Real Estate Chart?

For most people, Friday’s just the day before the weekend. Here at Wall Street Daily, though, it’s much more.

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Why Siri is Apple’s Silver Bullet

There’s zero question that Google’s (Nasdaq: GOOG) Android operating system is top dog right now. It lays claim to 52.3% of the smartphone market – more than double its marketshare in 2010.

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What Have The Central Banks Of The World Done Now?

The central banks of the world are acting as if it is 2008 all over again.  Desperate times call for desperate measures, and right now the central bankers are pulling out all the stops.  The Federal Reserve, the European Central Bank, the Bank of England, the Bank of Canada, the Bank of Japan and the Swiss National Bank have announced a coordinated plan to provide liquidity support to the global financial system.  According to the plan, the Federal Reserve is going to substantially reduce the interest rate that it charges the European Central Bank to borrow dollars.  In turn, that will enable the ECB to lend dollars to European banks at a much cheaper rate.  The hope is that this will alleviate the credit crunch which has gripped the European financial system by the throat.  So where is the Federal Reserve going to get all of these dollars that it will be loaning out at very low interest rates?  You guessed it – the Fed is just going to create them out of thin air.  Our currency is being debased so that Europe can be helped out.  Unfortunately, the impact of this move will be mostly “psychological” because it really does nothing to address the fundamental problems that Europe is facing.  It is up to Europe to solve those problems, and so far Europe has shown no signs of being able to do that.

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Why Most of Us Won’t Change Banks

Did you ever look at a bank’s website and think to yourself, “Why would they give you free bill pay when they charge for everything else?” Even with the super-restrictive accounts that limit ATM deposits and withdrawals; put holds on most of your checks; and demand monthly fees or regular savings transfers; bill pay is usually offered free.

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Stocks Trading for Less Than the Price Prem Watsa Paid for Them

Of Prem Watsa’s 42 stocks in his current portfolio, only three trade for a lower price than when he originally bought them. He added significantly to his holdings in each of these companies in the last quarter. Watsa is a value investor who purchases stocks of companies with excellent track records with the intent to hold for the long term. Watsa, founder and CEO of Fairfax Financial Holdings, has achieved a 154.6% 10-year cumulative return, compared to 16.4% for the S&P 500.

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Jesse Livermore and setups

Jesse Livermore was one of the most successful speculator . During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. $100 million in 1929 was close to billion of today or more. He did not lose all his money in market, lot was lost in divorce and colorful lifestyle. He committed a suicide.

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Buying Stocks Just Got a Lot Riskier

The “Santa Claus rally” started on Monday. Now, just four days later, the S&P 500 is up 7%.

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Why Everyone Is Wrong About the American Oil Boom

This year, an army of financial analysts has come forward to estimate how big the coming boom in U.S. oil production will be.

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