Wall Street Manna

An irreverent look at Wall Street

Saturday, November 13, 2010

Barrons: A harbinger of things to come

As to the stock market, we think last week's sudden turn for the worse is a harbinger of things to come, whether or not they come in a rush or in fits and starts. 

Let's hope not--Did anyone see what the SEC thinks about Phil Falcone and Harbinger?

Nov. 13 (Bloomberg) -- Harbinger Capital Partners is being investigated by the Securities and Exchange Commission and the U.S. Attorney’s office over a $113 million loan to founder Philip Falcone and possible preferential treatment of some investors, according to two people with knowledge of the probe.


At November 13, 2010 at 12:32 PM , Anonymous Anonymous said...

So he borrowed some money to pay taxes. And then he paid it back, big deal. Can't the government find something better to do?

At November 13, 2010 at 2:03 PM , Anonymous Anonymous said...


What happened to our rally?

At November 14, 2010 at 1:43 AM , Anonymous Anonymous said...

rally coming after we retrace to 10920

At November 19, 2010 at 5:08 PM , Anonymous Anonymous said...

find something better to gossip about


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