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  Friday, 31 Dec 2010 | 11:05 AM ET

Nicole Lapin's Short & Long List

Posted By: Nicole Lapin
CNBC

Nicole Lapin, of CNBC's Worldwide Exchange, explains what she's long and what she's short this week.

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  Friday, 31 Dec 2010 | 8:59 AM ET

MBIA Shares up After JPMorgan Drops Insurance Split Suit

Posted By: Ash Bennington

"Stock indexes headed lower on last day of year" (Yahoo Finance via AP) "Investors are taking profits after a strong year in the stock market. The Standard & Poor's 500 index and the Dow Jones industrial average are both up 14 percent for the year, including dividends, as a result of solid corporate earnings. The Nasdaq composite index, meanwhile, is up about 18 percent for the year after dividends."

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  Thursday, 30 Dec 2010 | 4:54 PM ET

Rich New Yorkers: 'Why Buy When You Can Rent'?

Posted By: Ash Bennington

Unexpectedly Strong Manufacturing and Labor Numbers Surprise Investors (Financial Times) "Hopes of an acceleration in the US economic recovery in 2011 received a boost as fresh data on the health of the manufacturing sector and the labour market were strikingly better than forecasters had predicted. The Chicago purchasing manager’s index, — a measure of manufacturing activity in the Midwest — soared from 62.5 to 68.6, the highest level since the late 1980s and way above economists’ expectations. Meanwhile, the outlook for the jobs market brightened as the number of Americans filing to receive jobless claims unexpectedly dropped below the 400,000 mark for the first time in more than two years." And yet all major U.S. indices close down for the day. Interesting.

"Who's Afraid of Rising Rates? Pros Get Ready For Move" \(CNBC\) CNBC's Jeff Cox talks interest rates and market impact: "Though historically low interest rates have been at the core of much of the rally across asset classes in 2010, that doesn't mean anticipated higher rates in 2011 will stop investors from making money. Strategists remain bullish on the stock market, with forecasts of 10 to 20 percent gains abounding. But market pros remain mostly sanguine about bonds as well, even though rising rates and accompanying inflation usually eat away at the value of fixed-income instruments."

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  Thursday, 30 Dec 2010 | 4:07 PM ET

Cuomo Cuts an 11th Hour Deal with Rattner

Posted By: Ash Bennington
Steven Rattner
Getty Images
Steven Rattner

Forty-eight hours before his swearing in as governor, attorney general Andrew Cuomo has cut a deal with Steve Rattner .

And the terms are favorable — for Rattner.

The upshot is this: Rattner pays $10 million in restitution, and agrees to a ban preventing him from appearing before any public pension fund in New York for five years.

Cuomo's office had originally sought a $26 million fine — and a lifetime ban from financial dealings with New York pension funds.

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  Thursday, 30 Dec 2010 | 3:02 PM ET

How to Get Your Company to Be The Most Popular Twitter Brand in The World

Posted By: James Altucher

Various members of the NetNet crew are in and out this vacation and snow-filled week, so we've asked a few friends to fill in. The following is from hedge fund manager and financial columnist James Altucher ...

Twitter
Loic Venance | AFP | Getty Images
Twitter

Whatthetrend.com has an interesting list of the non-tech companies that appeared most on twitter over the past year. Basically, they looked for companies appearing the most in tweets and eliminated Apple, Google, Microsoft, etc. The funny thing about the list is that I've barely heard about some of these companies:

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  Thursday, 30 Dec 2010 | 1:33 PM ET

States of Pain: Chapter 8 Bankruptcy Bandage?

Posted By: Nicole Lapin

We’ve all seen the deficit numbers. Twenty-five billion for California. Fifteen billion for Illinois. Ten billion dollars for New Jersey.

Gov. Bredesen interview, former HealthAmerica CEO
Courtesy CNBC
Gov. Bredesen interview, former HealthAmerica CEO

Meredith Whitney says we will all feel the states' pain in the spring when federal stimulus money dries up.

Some set the D-Day date for states even earlier, possibly even next month. CEO turned Tennessee Governor Phil Bredesen predicted that , in January, some states would have, "A cliff they’ve got to navigate. There’s going to be some dislocation. You’re going to see some problems."

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  Thursday, 30 Dec 2010 | 12:07 PM ET

Bull & Bear New Years Resolutions

Posted By: Joshua Brown

Various members of the NetNet crew are in and out this vacation and snow-filled week, so we've asked a few friends to fill in. The following is from hedge fund manager and financial columnist Joshua Brown ...

Rose | Mueller | Stock4B | Getty Images

Everyone gets stuff wrong, that's the market and that's life. Moreover, people get things right sometimes but for the wrong reasons—that's life as well. The key is not to dwell on who did what right and wrong or the why's and how's. Instead, we want to look at what we can do better on a going forward basis.

So let's make some resolutions together, regardless of what side we're on...

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  Thursday, 30 Dec 2010 | 11:12 AM ET

US Equity Funds Finally Break 33-Week Hex

Posted By: Jeff Cox

The long losing streak for US equity mutual funds is finally over, and it ended pretty much right on cue.

After showing outflows for 33 consecutive weeks, domestic funds finally saw net inflows for the period ended Dec. 21, according to data from the Investment Company Institute. Though the inflow total was a relatively paltry $335 million, any good coach will tell you a win is a win.

Curiously, the data confirming the end of investors fleeing US funds came out shortly after I filed a piece yesterday headlined “US Stock Funds Could Be Back After Sitting Out 2010 Rally .” The main thrust of the piece was that investment pros were looking at US funds to participate in a widely expected 2011 stock market rally though they’d been treated as poison this year.

Investors instead piled money into bond and non-US funds all year. Indeed, US equity funds represented just a fraction of the total $3.94 billion in inflows to mutual funds last week.

Any good coach also will tell you that one win does not a streak make, but at least it’s a start.

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  Thursday, 30 Dec 2010 | 10:44 AM ET

Why Apple Will Be The First Company to Reach a Trillion Dollar Market Cap

Posted By: James Altucher

Various members of the NetNet crew are in and out this vacation and snow-filled week, so we've asked a few friends to fill in. The following is from hedge fund manager and financial columnist James Altucher ...

Apple is the dream company we always wished for when we were children. The messiah of companies that we never thought would come to Earth in our lifetimes.

Steve Jobs
Getty Images
Steve Jobs

When I was a kid the only thing I wanted in life was an Apple II+. When I finally got one, (my dad took one from his work and gave it to me for about six months) I did everything a young boy does with his computer.

I programmed \(in BASIC\) the computer to type my name over and over again. I then went to the local computer store and shoplifted Ultima III. My friends and I then copied each others games so we had a whole set of games to play with. I then skipped school incessantly in order to play games all day, my friends and I calling each other throughout the day \(we all skipped school every day\) in order to share the latest secrets we found while hacking our way through Castle Wolfenstein.

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  Thursday, 30 Dec 2010 | 9:08 AM ET

Global Stocks Near Two Year High

Posted By: Ash Bennington

The Rise of Covered Bonds (CNBC via Financial Times) "Banks have sold a record amount of covered bonds this year, as jittery investors backed the ultra-safe forms of debt, in a trend expected to continue in 2011. Worldwide issuance of the bonds has reached $356.5 billion this year – up nearly 20 percent from 2009, according to data from Dealogic. Unlike regular securitisations, where investors have no recourse to the issuing bank, the loans backing covered bonds remain on a bank’s books and are ring-fenced, protecting bondholders even in bankruptcy. Issuance has been heavily dominated by European banks – the format was developed in 18th-century Germany — but countries elsewhere are beginning to alter laws to give investors the protection the bonds require."

PIMCO: Dollar to Remain World's Reserve Currency \(Bloomberg\) "The dollar will keep its reserve status in 2011 because China and Europe aren’t developed enough for their currencies to replace it, said Pacific Investment Management Co., which runs the world’s biggest bond fund. 'Rising powers such as China are not yet ready to absorb the $9 trillion in reserve assets the world holds, particularly because their bond markets are immature,' Anthony Crescenzi, a money manager at Pimco in Newport Beach, California, wrote in a report yesterday. 'Europe, amid all of its financial woes, isn’t even close to ready to take the mantle.'"

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About NetNet

  • NetNet is where you'll find the low-down and the high jinks of Wall Street. It's the place for insider stories, trader gossip, and tales of the foibles of the moneyed crowd and the culture of finance.Wall Street news and commentary served fresh all day long.

 

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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