The best and worst days of the S&P 500 in the last 30 years.
Archives of “Cinema of the United States” tag
rssOil – more on the Aramco repairs story (could take months, not weeks)
You know how it is, your car is making a funny noise so you take it to the mechanic.
“Yeah, leave it with me, shouldn’t take long”
The you get the phone call, right?
“Yeah …. this looks nasty ….”.
Same with this:
- Oil – Aramco says repairs to Saudi plant could take many months rather than weeks
WSJ has more on it now:
- It may take many months-rather than the maximum 10 weeks company executives have promised-to restore operations to full working order,
Journal is gated, here is the link if you can access it.
"Wolf Of Wall Street" Set To Make $100 Million This Year, Warns "Greed Is Not Good"
It seems crime pays… or “committing crimes, writing about them, having them adapated into a screenplay, and made into an oscar-winning movie” pays. Jordan Belfort, the “Wolf of Wall Street”, as Bloomberg reports, expects to make more money this year than he “ever made in his best year as a broker.” Having spent 22 months in jail in the 1990s, Belfort comments that ‘my goal is to make north of a $100 million so I am paying back everyone this year,” and adds some remarkably irresponsbible philosophy given the markets today and the world in which we are told we live in… “Greed is not good. Ambition is good, passion is good.” How do we BTFD if we are not greedy?
As Bloomberg reports, Jordan Belfort, whose memoir “The Wolf of Wall Street” was turned into a film by Martin Scorsese, expects to earn more than he made as a stockbroker this year, allowing him to repay the victims of his financial fraud.
“I’ll make this year more than I ever made in my best year as a broker,” Belfort told a conference in Dubai today. “My goal is to make north of a $100 million so I am paying back everyone this year.”
Belfort, a motivational speaker, will use his earnings from a 45-city speaking tour in the U.S. to repay about $50 million to investors. That was his share of the fine, he said. (more…)
WallStreet Movies and S&P 500 :Great Correlation
If you had gotten out of the market when these movies were released, you’d definitely have missed some big moves…to the upside. Wall Street came out after the crash of ’87 in December 1987, and taking money off the table for the multi-year bull market that followed would have been a big miss. Boiler Room came out just a month before the peak in 2000, so in this case it was a good sell signal.
The sequel to the original Wall Street, Money Never Sleeps came out during a leg down in the current bull market in 2010, and its placement in the upper chart is a bit misleading. Yes, filming for the movie began in late 2009, but the market bottomed in early 2009. Whether you use the dates they began filming or the release date, Money Never Sleeps did not coincide with a peak for the equity market, and in retrospect was a great time to get in. As for the Wolf of Wall Street? Only time will tell, but keep in mind that unlike the other movies, it is not intended to be set in present day, instead romanticizing the heady days of the 1990s. (more…)