Financial News from Zero Hedge

Recap of "Zero Hedge" - 9/17/09

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Ockham's analysis of financial blogs and stock centric blogs.

Listed below are stocks that were mentioned in the blog entry titled Annual Decline In CNBC Viewership Accelerates: Down 37% In Overall Viewers Category, from the blog Zero Hedge on Thursday September, 17th.

Zerohedge is one of the most popular independent finance blogs in the world. Many of the posts are written by the blog’s founder under the pseudonym Tyler Durden. This is a reference to the fictional character from the movie Fight Club which is an iconoclast with an extreme tilt towards anti-establishment. As for Zerohedge’s Durden, he is often critical of the established institutions of Wall Street and financial media.

Want to know everything that was mentioned in Zero Hedge? Then you have to read it. Visit Zero Hedge directly for the rest of the story.

Zero Hedge - Zero Hedge Stock Commentary for 9/17/2009

The most recent Stocks on Financial TV & Blogs from impactful financial news sources
“… CNBC continues to bleed vierwers. Whereas the last time we provided an update of CNBC's vierewship as measured by Nielsen, the GE subsidiary was down 28% YoY, the September decline is even more pronounced: at a 37% decline in total viewers and a 26% decline in the 25-54 demographic. We are, however, confident that the company will take appropriate measures to address the growing lack of interest of the general public in …” - GE on Zero Hedge
“… Palm's full year guidance implies a very significant ramp in the February and May quarters, likely driven by the ramp of Pixi at Sprint, Palm Pre at VERIZON, and potentially other carriers. We are lowering our FY10 non-GAAP EPS to $0.09 from $0.28 given weak F2Q guidance, but leaving FY11 at $0.77 (Street $0.42) and FY11 at $1.10. Separately, we view Palm's equity offering, in conjunction with its recent price cut of the Pre at Sprint to $149 …” - VZ on Zero Hedge
“… the disclosures to the Palm report:GOLDMAN SACHS has received compensation for investment banking services in the past 12 months: Palm, Inc. ($14.66)GOLDMAN SACHS expects to receive or intends to seek compensation for investment banking services in the next 3 months: Palm, Inc. ($14.66) [Oh yes, there is more of this shadiness coming up]GOLDMAN SACHS had an investment banking services client relationship during the past 12 months with: Palm, Inc. ($14.66)GOLDMAN SACHS makes a market in the securities or derivatives thereof: Palm, Inc. ($14.66)And this, once again, is how Wall Street keeps perpetuating its tried and true games. Of course, FINRA, as Zero Hedge already pointed out, thinks this practice is perfectly legal and legitimate, thank to an …” - GS on Zero Hedge
“… "fill in the blanks" report this was) and disclosure that it is issuing a 16 million share follow on offering, joint-managed by none other than GOLDMAN SACHS, the 85 Broad firm sends out this email (highlights added):Sent: Thursday, September 17, 2009 4:20 PM Subject: Palm, Inc. (PALM): Strong results and FY10 guide; equity raise should help fund growth Goldman 360 Alerts has determined that the following matches your Alerts setting. Palm, …” - GS on Zero Hedge
“… QoQ sales decline expected in F2Q is due to the timing of the Pixi launch (which we now expect in November vs. October previously), and declining PALM PRE and Treo Pro sales as those product cycles mature. However, Palm's full year guidance implies a very significant ramp in the February and May quarters, likely driven by the ramp of Pixi at Sprint, PALM PRE at Verizon, and potentially other carriers. We are lowering our FY10 non-GAAP EPS to $0.09 from $0.28 given weak F2Q guidance, but leaving FY11 at $0.77 (Street $0.42) and FY11 at $1.10. Separately, we view Palm's equity offering, in conjunction with its recent price cut of the Pre at …” - PALM on Zero Hedge
“… to information not available to retail investors. Direct Edge Holdings LLC has relied on flash orders to take market share from NYSE Euronext. NASDAQ OMX Group Inc. and Bats Global Markets voluntarily dropped flash orders last month after the practice drew scrutiny from Congress and the SEC. The SEC’s proposed ban requires a second vote at a later public meeting to become binding.*****And here is Senator Kaufman's statement on the Flash …” - NDAQ on Zero Hedge
“… profit from access to information not available to retail investors. Direct Edge Holdings LLC has relied on flash orders to take market share from NYSE EURONEXT. Nasdaq OMX Group Inc. and Bats Global Markets voluntarily dropped flash orders last month after the practice drew scrutiny from Congress and the SEC. The SEC’s proposed ban requires a second vote at a later public meeting to become binding.*****And here is Senator Kaufman's …” - NYX on Zero Hedge
“… because these days capital markets are a mere reflection of government action... as long as government remains unchallenged. Good luck trading, …” - EGOV on Zero Hedge
“… Submitted by NIC Lenoir of ICAPThe last bubble was first highlighted by the best macro traders around 2006, and it took until November 2007 to burst (high in equities) so the answer is that the market can get crazy for quite some time. We had issued caution for bears recently because econometrics models …” - EGOV on Zero Hedge
“… Commission (why not just anoint them the Crisis Zsars?) the group will examine the conduct of top officials at firms we all knew and loved- Lehman, CITI, AIG, Bear, Fannie and Freddie too. The panel plans to detail the findings ahead of its December 2010 deadline, hoping to spur congressional debate on the issues. I mean, what else does Congress really do anyway? Let me reiterate the costs for all this- $5 million. I don't care how much the …” - C on Zero Hedge