Author: Dan Stevens
Source: ezinearticles.com

Many internet marketers struggle with the daily task of finding leads(having a potential customer fill in an email form requesting their email address, or their zip code, or address for additional promotional offers to be sent to them), or a sale(having a customer complete an offer, by giving their credit card details or some other means of purchasing a product or an item).

As an affiliate the sole task is to bring traffic to publishers, and you get a certain percentage of the proceeds, either on a per lead,, Search By Email
, per sale or revenue share basis.

Now imagine, Search By Email
, the scenario, you have created a website specifically for this purpose, you designed it, did all the SEO(search engine optimisation), Search By Email
, so it is ready for the search engines, and has all your keywords evenly distributed, and your niche is targetted.

You run an adwords campaign, aimed at targetting that niche. Potential leads or customers see your ad with your adcopy and landing page, on google, or the Yahoo Publisher Network, or MSN Adcenter, they land on your page, are impressed with the product, and proceed to complete a sale or give their details for a lead.
This is the normal scenario for many affiliate marketers.

However there is a big snag in the pipeline, almost all publishers when using banners also place a copy of their url in the banner, so any potential customer, can if they want to simply just type the direct address of the product and get on the home page of the, Search By Email
, publisher, regardless of the work that you as the affiliate put in to bring that product to their attention,, Search By Email
, if that happens you have in effect lost time and money.

A second way many affiliates loose commissions is by simply having the direct url complete with their affiliate id appended somewhere in, Search By Email
, the url(usually at the end), all a buyer has to do is type in the url omitting your affiliate id, and they can still get to the landing page, order the product, or complete a lead and you as the affiliate would receive no compensation for the work you have put in bringing, Search By Email
, that potential customer to the, Search By Email
, publisher.

This is where url shorteners, or url redirection comes in as the potential customer, Search By Email
, never sees the direct landing page, or your affiliate id inorder, Search By Email
, to go directly to the publisher, and hence denying you of your commissions.

There are several types of url redirections, some may require registration, some may not and you can easily test out the different types to see which one would suit your traffic, some may have a delay of a few seconds in other to show some ads before going direct to the page of the url redirection, others simply go direct to the shortened url.
Once a shortened url, or, Search By Email
, url redirection is created, this unfortunately is not the end, as often webmasters redirect shortened urls continually so constant checks must be made to see if the shortened url is still active, and your shortened or redirect url has not been sent elsewhere.

Mr D Stevens is a reviewer at Url redirection

Author: Dan Stevens
Source: ezinearticles.com

Many internet marketers struggle with the daily task of finding leads(having a potential customer fill in an email form requesting their email address, or their zip code,, Search By Email
, or address for additional promotional offers to be sent to them), or a sale(having a customer complete an offer, by giving their credit card details or some other means of, Search By Email
, purchasing a product or an item).

As an affiliate the sole task, Search By Email
, is to bring traffic to publishers,, Search By Email
, and you get a certain percentage of the proceeds, either on a per lead, per sale or revenue share basis.

Now imagine the scenario, you have created a website specifically for this purpose, you designed it, did all the SEO(search engine optimisation) so it is ready for the search engines, and has all your keywords evenly distributed, and your niche is targetted.

You run an adwords campaign, aimed at targetting that niche. Potential leads or customers see your ad with your adcopy and landing page, on google, or the Yahoo Publisher Network, or MSN Adcenter, they, Search By Email
, land on your page, are impressed with the product, and proceed to complete a sale or give their details for a lead.
This is the normal, Search, Search By Email
, By Email
, scenario for many affiliate marketers.

However, Search By Email
, there is a big snag in the pipeline, almost all publishers when using banners also place a copy of their url in the banner, so any potential, Search By Email
, customer, can if they want to simply just type the direct address of the product and get on the home page of the publisher, regardless of the work that you as the affiliate put in to bring that product to their attention, if that happens you have in effect lost time and money.

A second way many affiliates loose commissions is by simply having the direct url complete with their affiliate id appended somewhere in the url(usually at the end), all a buyer has to do is type in the url omitting your affiliate, Search By Email
, id, and they can still get to the landing page, order the product, or complete a lead and you as the affiliate would receive no compensation for the work you have put in bringing that potential customer to the publisher.

This is where url shorteners, or url redirection comes in as the potential customer never sees the direct landing page, or your affiliate id inorder to go directly to the publisher, and hence denying you of your commissions.

There are several types of url redirections, some may require registration, some may not and you can easily test out the different types to see which one would suit your traffic, some may have a delay of a few seconds in other to show some ads before going direct to the page of the url redirection, others simply go direct to the shortened url.
Once a shortened url, or url redirection is created, this unfortunately is not the end, as often webmasters redirect shortened urls continually so constant checks must be made to see if the shortened url is still active, and your shortened or, Search By Email
, redirect url has not been sent elsewhere.

Mr D Stevens is a reviewer at Url redirection

It seems that the end of the recession notices via positive GDP has not reached Main Street America, at least as far as paying for their single-family house.  Fannie Mae (NYSE: FNM) has just reported its October 2009 data and the figures are not getting better.  The serious delinquency rates are astronomical.  We would note that the internal data is for October, but the delinquency data is from September.  While the Freddie Mac (NYSE: FRE) data was not yet seen, most consider these step brother and step sister.

The total mortgage portfolio fell 2.7% in October down to $771.45 billion.  Unfortunately that is 28% annualized.  The total book of business fell by about $8.4 billion to $3.23, trillion, which is ‘only’ a 3.1% annualized decline.  Net commitments to purchase mortgages fell by more than 7% to $64.5 billion.

Serious delinquencies are 90-days past due…. That was 4.72% for single-family houses in September, up from 4.45% in August and up from 1.72% a year ago. The non-credit enhanced rate was 3%, but the credit enhanced rates are now over 12%.

Fannie Mae is down 1% after the close at $0.99 and Freddie Mac is unchanged at $1.13.

Jon C. Ogg
November 24, 2009

Updated throughout the day.

Playboy (NYSE:PLA) may outsource many of its publishing operations.  (WSJ)

Cadbury (NYSE:CBY) may counter the Kraft (NYSE:KFT) big by making an offer for Kraft’s confectionery business. (NYPost)

Palm (NASDAQ:PALM) board member Rajiv Dutta may join Elevation partners, Palm’s largest shareholder. (Bloomberg)

Freddie Mac’s (NYSE:FRE) losses may grow because of the bankruptcy of Taylor, Bean & Whitaker (NYTimes)

British Air may buy Qantas (FT)

GE (NYSE:GE) Capital’s losses may fall.  (Reuters)

Douglas A. McIntyre

Reuters:   Thain regrets nothing he did at Merrill Lynch and during its merger with Bank of America (NYSE:BAC).

Reuters:   Trump put his support to the bondholders of his casino business.

FT:   A Chinese court ruled against Microsoft (NASDAQ:MSFT) in an intellectual property case.

Reuters:   Almost 15,000 Americans admitted to offshore tax cheating.

Reuters:   Hershey (NYSE:HSY) and Ferrero are in talks about buying Cadbury.

Reuters:   House Democrats are advancing their “too big to fail” legislation.

Reuters:   Fed officials differ on the recovery’s pace.

Reuters:   Citigroup (NYSE:C) upped the base salaries of some executives.

Reuters:   RIM (NASDAQ:RIMM), maker of the Blackberry, will stick to its current strategy.

Reuters:   The CEO of Goldman Sachs (NYSE:GS) apologized for the firm’s role in the credit crisis.

Reuters:   US consumers expect deep holiday discounts.

Reuters:   Microsoft announced it new cloud computing plans.

WSJ:   Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM) are being hurt by commercial loan defaults affecting transactions for apartment buildings.

WSJ:   Goldman Sachs and Buffett have put together a program to help small businesses.

WSJ:   Federal regulators are putting together plans to get cheap broadband to all Americans.

WSJ:   The head of the IMF said a stronger yuan would help global economics.

WSJ:   Delta (NYSE:DAL) and its alliance of airlines will offer JAL over $1 billion in funding.

WSJ:   Mitsubishi UFJ (NYSE:MTU) will $11 billion in stock.

WSJ:   Vivendi and GE (NYSE:GE) are setting terms for the buyout of the European company’s piece of NBCU.

WSJ:   GM’s plan of Opel is still not set.

WSJ:   Applied Materials (NASDAQ:AMAT) will buy Semitool.

WSJ:   The FBI thinks terrorist are planning cyber attacks.

WSJ:   There are still too many houses in the US to support a market recovery.

WSJ:   A government report says Goldman Sachs would have suffered massive losses if AIG (NYSE:AIG) had not honored financial commitments backed by the government.

WSJ:   Pimco will set up a business to help assess bond risk.

WSJ:   New ETFs offer investors the chance to put money into the market like hedge funds do.

WSJ:   S.C. Johnson may bid against P&G (NYSE:PG) for Sara Lee’s (NYSE:SLE) air freshener business.

WSJ:   CEOs say access to credit is key to job growth.

WSJ:   US power companies are teaming with Chinese operations to get access to new technology.

WSJ:   Barnes & Noble (NYSE:BKS) put a poison pill into effect.

NYT:   The NY State comptroller said Wall St. is on track for record profits.

NYT:   Congress is pushing medical schools on the ghost writing of research.

NYT:   A-Power Energy of China and the U.S. Renewable Energy Group are changing a wind farm deal because of political pressure.

FT:   Apollo is preparing an NYSE listing.

FT:   Sony (NYSE:SNE) is reworking its $5 billion ad budget.

FT:   Banks face ratings downgrades on their bonds.

FT:   A US task force will be set up to fight fraud.

Bloomberg:  Private equity funding is dropping sharply.

Bloomberg:   There are new warnings that China faces asset bubbles.

Douglas A. McIntyre

Good news!  In spite of going through the wash-rinse-repeat cycle of loss recognition-equity writedown-beg for taxpayer money as “capital” so many times they’re folliclly challenged, Freddie Mac (FRE) is hiring.  The bad news?  The “in demand” jobs are in their appropriately named Default Asset Management division, or DAM.  I love the irony.  Like a dam ready to burst, well, just read this from the description of the department:

Default Asset Management careers at Freddie Mac put you in the department responsible for developing and implementing effective loss mitigation, foreclosure prevention, REO disposition and capital recovery strategies and practices that enable Freddie Mac to mitigate and manage credit losses. In Default Asset Management (DAM), your job is important to Freddie Mac’s efforts in support of Making Home Affordable and our classic workout programs to help preserve homeownership and support our housing mission. Default Asset Management also partners with national and local authorities, its servicers, and non-profit housing counselors to support borrower education and outreach efforts on foreclosure avoidance and sustainable homeownership.

Let’s be honest: the frequent use of words like “mitigate”, “avoidance”, “foreclosure”, and “prevention” tells me your job is going to be extremely difficult.

Why? Because it will be obvious from Day 1 on the job that the people you will be dealing with really need to be foreclosed on, the properties auctioned off, charge-offs taken, and write-downs to the company’s capital need to be taken and reported.  In short, you will probably want to fix bayonets and bayonet the critically wounded on the battlefield of the mortgage/credit downturn.

That’s what should be going on and for all intensive purposes, but if you read what the department’s purpose is, it’s to do the opposite.  Beg, plead, twist arms, and possibly cry to keep people in their homes even though they’ve missed payments for at least 90 days or they’re so far upside down on the loan their kids will inherit mortgage principal payments along with that family heirloom.

I should take this time to mention you won’t hear me referring to these events as a “disruption” or a “crisis.”  It’s not that I don’t appreciate what has happened, I just don’t see it as an anomaly.  I see it as the backside of the housing boom in the earlier part of the decade and it was both predictable and avoidable.

At any rate, that’s your job.  Plug the leaky dam even though water has been cascading everywhere for years and the dam is already broken.

But hey, it’s a job.  It might be the consumer lending equivalent of repeatedly banging your head into the wall expecting it not to hurt, but it has a steady check from Uncle Sam.

And somebody has to do it.  But what Freddie shouldn’t be doing is originating any new loan purchases or doing any securitizations it intends to hold on to.  They need to be put in receivership, and the portfolio should be in runoff mode.  When that’s done, the case for GSEs should be shut and never opened again.

Author: Dan Stevens
Source: ezinearticles.com

Many internet marketers struggle with the daily task of finding leads(having a potential customer fill in an email form requesting their email address, or their zip code, or address for additional promotional offers to be sent to them), or a sale(having a customer complete an offer, by giving their credit card details or some other means of purchasing a product or an item).

As an affiliate the sole task is to bring traffic to publishers, and you get a certain percentage of the proceeds, either on a per lead, per sale or revenue share basis.

Now imagine the scenario,, Find Email, you have created a website specifically for this purpose, you designed it, did all the SEO(search engine optimisation) so it is ready for the search engines, and has all your keywords evenly distributed,, Find Email, and your niche is targetted.

You run an adwords campaign, aimed at targetting, Find Email, that niche, Find Email, . Potential leads or customers see your ad with your adcopy and landing page, on google, or the Yahoo Publisher Network, or MSN Adcenter, they land on your page, are impressed with the product, and proceed to complete a sale or give their details for, Find Email, a lead.
This is the normal scenario for many affiliate, Find Email, marketers.

However there is a big snag in the pipeline, almost all publishers when using banners also place a copy of their url in the banner, so any potential customer,, Find Email,,, Find Email, Find Email, can if they want to simply just, Find Email, type the direct address of the product and get on the home, Find Email, page of the publisher, regardless of the work that, Find Email, you as the affiliate put in to, Find Email, bring that product to their attention, if that happens you have in effect lost time and money.

A second way many affiliates loose commissions is by simply having the direct url complete with their affiliate id appended somewhere in the url(usually at the end), all a buyer has to do is type in the url omitting your affiliate id, and they can still get to the landing page, order the product, or complete a lead and you as the affiliate would receive no compensation for the work you have put in bringing that potential customer to the publisher.

This is where url shorteners, or url redirection comes in as the potential customer never sees the direct landing page, or your affiliate id inorder to go directly to the publisher, and hence denying you of your commissions.

There are several types of url redirections, some may require registration, some may not and you can easily test out the different types to see which one would, Find Email, suit your traffic, some may have a delay of a few seconds in other to show some ads before going direct to the page of the url redirection, others simply go direct to the shortened url.
Once a shortened, Find Email, url, or url redirection is created, this unfortunately is not the end, as often webmasters redirect shortened urls continually so constant checks must be made to see if the shortened url is still active, and your shortened or redirect url has not been sent elsewhere.

Mr D Stevens is a reviewer at Url redirection

Reuters:   China is the key stop on Obama’s tour of Asia.

Reuters:   South Korea’s businesses may start to feel more pressure from China competitors..

Reuters:   Hewlett-Packard (NYSE:HPQ) bought 3Com (NYSE:COM) for $3.1 billion.

Reuters:   Lou Dobbs left CNN (NYSE:TWX)

Reuters:   The US may cut the deficit with unused TARP funds.

Reuters:   Motorola (NYSE:MOT) may sell its home and networks operations for $4.5 billion.

Reuters:   Morgan Stanley (NYSE:MS) is aggressively recruiting brokers.

Reuters:   FCC conditions on the Comcast (NYSE:CMCSA) joint venture with GE’s (NYSE:GE) NBCU unit could hurt benefits to putting together cable and content assets.

WSJ:   The recession is driving more people to work.

WSJ:   Governments around the world are trying to help the value of the dollar.

WSJ:   Disney (NYSE:DIS) is changing how it markets films giving each movie its down marketing team.

WSJ:   Benmosche says he is committed to staying at AIG (NYSE:AIG).

WSJ:   Macy’s (NYSE:M) raised its forecasts but its stock fell.

WSJ:   The creation of Apple (NYSE:AAPL) Apps has turned into a cottage industry.

WSJ:   Ford’s (NYSE:F) sales in Europe rose 13% last month.

WSJ:   People returning to the work force are facing sharp pay cuts.

WSJ:   China will lift the ban for banks to trade bonds listed on local exchanges.

WSJ:  Mortgage insurance companies may not be able to pay some claims to Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE).

WSJ:   Trading in 3Com shares suggest its deal to be bought by HP leaked.

WSJ:   Women now hold over half of all jobs.

WSJ:   Exxon Mobil (NYSE:XOM) has built a huge refinery in China.

WSJ:   Applied Materials (NASDAQ:AMAT) posted a profit, but will cut jobs.

WSJ:   Samsung may pass HP as the world’s largest tech company.

NYT:   Large European companies with big portfolios in the shipping business may take financial losses.

NYT:   Goldman Sachs (NYSE:GS) has set aside $200 million for charity.

NYT:   The Bank of England will pump more money into the economy.

NYT:   Ad pages at Conde Nast magazines are still falling.

FT:   Bank of America (NYSE:BAC) is still struggling to find a CEO.

FT:   Dodd’s plan to cut Fed’s power is under pressure in Congress.

Bloomberg:   Some members of Congress are still intent on breaking up big banks.

Bloomberg:   Dollar General will go public at a price that has a higher multiple of earnings than Wal-Mart (NYSE:WMT)

Douglas A. McIntyre

Les dejo un extracto de una nota de infobae profesional.

El exceso de crédito y liquidez en los mercados, a lo largo y ancho de todo el planeta, ha desatado nuevamente el apetito inversor, que se mantuvo adormecido y que ahora despertó, sediento de activos en los que invertir.

El resultado, la incipiente creación de numerosas burbujas, entre las que se pueden mencionar:

1- Bolsas. La mayoría de las plazas mundiales registraron fuertes avances en los últimos meses, por lo que se cree incluso que el rally actual de los mercados está dando lugar a la tercera burbuja bursátil de la última década (la primera estalló en el año 2000 –las puntocom-, la segunda entre 2007 y 2008 y la tercera, la que empieza a formarse ahora).

Basta repasar el cuadro superior para observar que los repuntes fueron desde el 30% al 85%, en apenas ocho meses. La Argentina encabeza la lista, con un rebote del 107 por ciento.

2- Mercados emergentes. Los inversores con mayor apetito al riesgo invirtieron más de u$s10.000 millones “únicamente” en fondos de inversión (excluyendo ETFs) de países emergentes, en lo que va de año.

A efectos comparativos, cabe destacar que esta cifra es 34 veces más que el total invertido en los Estados Unidos.

“La fuerte liquidez mundial sigue presionando a los inversionistas a buscar altos rendimientos, y esto da lugar a la gestación de una nueva burbuja”, sostuvo David Wyss, el economista jefe de Standard & Poor’s.

Al preguntársele a quiénes afectaba opinó: “A algunos mercados de acciones emergentes. No sólo en Latinoamérica, también en Asia”, expresó.

Al respecto , cabe destacar la evolución (febrero-octubre 2009) de las bolsas de Buenos Aires (+107%), Brasil (60%) y México (60 por ciento).

Por su parte, los repuntes de las de Indonesia (85%) y Hong Kong (70%) son muestras más que elocuentes de este fenómeno que tiene en vilo a muchos analistas.

3- Commodities. “No hemos salido aún de la crisis financiera, que ya estamos avanzando a buen ritmo hacia la siguiente”, aseguró Nouriel Roubini, profesor de economía de la Universidad de Nueva York, y que tiene como mérito el haber anticipado la crisis dos años antes de que estallara.

El gurú señaló que “se está abonando el terreno para que se produzca un nuevo crash en el mercado de materias primas”, aunque no vaticinó cuándo sucedería.

A modo de ejemplo, Roubini afirmó: “El precio del petróleo cayó desde los u$s145, en julio del año pasado, hasta los u$s30 a comienzos de 2009. Y ahora vuelve a rondar los 80 dólares”.

“Sin embargo, la demanda de crudo ha caído a sus niveles más bajos desde 2005, mientras que el suministro y los inventarios están en sus máximos históricos. Desde mi punto de vista –enfatizó el experto- el movimiento de precios del oro negro no está del todo justificado”.

Roubini pronosticó que buscará llegar a los u$s100 y que eso tendrá un efecto muy perjudicial, tal como el que tuvo cuando alcanzó los u$s145, el año pasado.

Cabe resaltar, que las materias primas suben cuando los inversores ven venir un escenario inflacionario. Buscan refugio en ellas y entonces salen del dólar. Esta búsqueda de las commodities termina inflando los precios de algunas de ellas. El problema es que para varias esta suba resulta desmedida cuando los fundamentals no lo justifican. Se estima que, previo a la crisis y cuando el oro negro tocó su precio récord, más de la mitad de esa cifra fue resultado de cuestiones meramente especulativas.

4- Bonos soberanos. El mercado de títulos públicos también muestra síntomas de estar sobrevalorado, como consecuencia de las compras masivas de estos activos financieros en los últimos meses.

Según dio cuenta S. McCoy, experto en mercados financieros -en un reciente artículo publicado en el medio español El Confidencial- “la extrema aversión al riesgo que trajo la crisis, con su consecuente huida hacia la calidad, y la amenaza deflacionaria que se cernía sobre la economía mundial estuvieron detrás de esta fiebre por refugiarse en bonos. Pero ahora, estarían en puertas de mostrar su cara más oscura”, apuntó.

Al igual que McCoy son varios los expertos que advierten que el elevado déficit fiscal que afecta a los Estados Unidos, podría ser un elemento disparador para que se origine una huída de muchos inversores de estos activos libres de riesgo. Mas aún, cada vez más voces dudan sobre si siguen ostentando tal condición.

5- Acciones basura. Algunos de las compañías más castigadas por la crisis se han convertido en objeto de deseo de los inversores.

En Estados Unidos, valores como Fannie Mae, Freddie Mac, AIG e incluso GM, subieron de manera sorprendente en los últimos meses. La pregunta que se hacen muchos expertos es si los indicadores económicos y financieros que muestran estas firmas, algunas en terapia intensiva, justifican semejante repunte.

De hecho, las operaciones en activos financieros basura llegaron a suponer casi un tercio del volumen de contratación del NYSE en agosto. Desde enero, Freddie Mac subió un 131% y Fannie Mae, un 85 por ciento.

6- Subprime 2.0. ¿Qué están haciendo algunos bancos con las hipotecas basura? Por difícil que resulte creerlo, y en la opinión de varios analistas internacionales, las entidades están “empaquetándolas” de nuevo para venderlas.

Y para ello, señalan, el Gobierno norteamericano está contribuyendo a que esa burbuja vuelva a inflarse, al mantener las tasas de interés en sus mínimos históricos.

Este “precio barato del dinero” -que por otro lado se mantendrá así hasta que la economía estadounidense recupere su fortaleza– termina siendo una “trampa mortal”, porque invita a bancos e inversores a elucubrar todo tipo de maniobras. La de “resecuritizar” activos basura sería una de ellas.

7- China. La laxitud de la política fiscal y monetaria están alimentando la formación de dos futuras burbujas: la de renta variable y la del mercado inmobiliario.

Si el Gobierno no actúa pronto para mantener a raya la liquidez, la bolsa y los precios de la vivienda pronto estarán sobrevalorados, apuntan algunos expertos.

Algunos datos de la realidad son reveladores: cerca del 30% de los nuevos préstamos han ido directamente al mercado inmobiliario, y un 20%, a la bolsa china.

En la opinión del analista de Morgan Stanley, el mercado bursátil chino es como “un esquema Ponzi gigante” y asegura que tanto las acciones como el mercado de las viviendas están sobrevalorados en un 100%.

Respecto a este último, los precios de los inmuebles representan, en promedio, nueve veces los ingresos anuales de los ciudadanos chinos. En los países ricos, un índice superior a cuatro haría sonar las alarmas.

El volumen de ventas se ha disparado un 85% en el último año y los precios de los nuevos apartamentos en Shanghai han aumentado cerca de un 30 por ciento.

8- Oro. Normalmente, el metal precioso sube cuando las bolsas caen, ya que actúa como refugio ante el repunte de la inflación. Desde el inicio de la crisis, a mediados de 2007, sufrió importantes oscilaciones, en una banda que fue de los u$s700 a los 1.000 dólares.

La semana pasada superó los u$s1.050 y algunos inversores, como Jim Rogers, que predijo el boom de las materias primas a principios de esta década, sostuvo que podría alcanzar los u$s2.000 en los próximos años.

Vuelve un clásico de la especulación: el carry-trade
En la visión de Roubini, una de las causas que explican la formación de estas burbujas se encuentra en que la tasa de interés de referencia de los Estados Unidos (que sirve como parámetro para fijar el costo de “la escalera” de créditos) está cerca del 0 por ciento.

Esto incentiva el fenómeno del carry-trade, que consiste en tomar préstamos en monedas atadas a una baja tasa de interés para invertir esos fondos en países o activos con mayor potencial de crecimiento.

”El carry trade en el mundo es enorme, y todos están aprovechando para sacar tajada del debilitamiento del dólar, endeudarse en esta moneda e invertir en activos con un nivel de riesgo mayor, como las acciones o las materias primas. Estamos creando una burbuja aún más grande que la anterior“, advirtió Roubini.

Según Darío Epstein, presidente de Sur Investment, “lo que sucede es que la gente gana plata endeudándose a tasas bajas, al tiempo que también cae la moneda con la que contrae el préstamo. Sin embargo, cuando se revierte esa situación, todos salen a cancelar sus deudas y esa es la burbuja que se está formando”.

General Electric Co. (NYSE: GE) may be the one single bright spot taking the market higher this Friday when you consider the 10.2% unemployment rate and when you look over the latest round of earnings. Both Oppenheimer and Bernstein raised their official GE ratings to “Outperform” in research calls this morning. It depends upon which way the wind blows, but there are many times that GE trades more like some of the troubled financial stocks rather than as the top industrial stock in America.

American International Group, Inc. (NYSE: AIG), Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are all headed in opposite direction of GE. We noted that Fannie had broken the buck in pre-market trading and is back above the $1.00 level now. It is also dragging down Freddie Mac. AIG is adding to larger losses seen at the open.

GE shares are trading up 5.4% at $15.21 and we have already seen over 30 million shares trade hands in the first 20 minutes and pre-market period.

JON C. OGG

Fannie Mae (NYSE:FNM) recorded a net loss of $18.9 billion for the third quarter of 2009. Including $883 million in dividends on the senior preferred stock, the net loss attributable to common stockholders was $19.8 billion, or $3.47 per diluted share.

For the third quarter of 2008, the net loss was $29.0 billion, and the net loss attributable to common stockholders was $29.4 billion, or $13.00 per diluted share.

The company’s 10-Q said that its serious delinquency rate was 4.72% in the quarter compared to 1.72% in the period a year ago.

The 10-Q said “When Treasury provides the additional $15.0 billion FHFA has already requested on our behalf, the aggregate liquidation preference on the senior preferred stock will be $60.9 billion and will require an annualized dividend of $6.1 billion.This dividend obligation exceeds our reported annual net income for five of the past seven years and will contribute to increasingly negative cash flows in future periods if we continue to pay the dividends in cash.”

FNM shares are down 7% after hours to $1.04. Freddie Mac (NYSE:FRE) is also off 6%.

Douglas A. McIntyre

It is of little surprise that CIT Group, Inc. (NYSE: CIT) is seeing clobbered today.  The company has finally filed its pre-packaged Chapter 11 bankruptcy package and that has CIT shares down a sharp 63% at $0.26 on triple its average volume.  By now, the game is probably known by everyone that bankruptcy usually leaves shareholders of common stock out in the cold.  Should it be of any surprise that the “other troubled financial stocks” are seeing their shares head south?

It was just a week ago that I discussed the Fannie-Freddie equity conundrum.  Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are down further.  After all, these two are in government conservatorship.  It is even easy to argue that these are just being kept alive so that Uncle Sam doesn’t have to include the obligations on the Fed’s balance sheet.  And how many investors in these companies really believe that they are holding anything more than a long-term warrant or LEAP option that is way out of the money?  Fannie Mae is down 7.4% at $1.00 and Freddie Mac is down almost 9% at $1.12, and neither are on active volume today.

And what about Ambac Financial Group, Inc. (NYSE: ABK)?  This is down a sharp 10% at $1.03 today.   What about Citigroup, Inc. (NYSE: C)?  This has recovered off the $3.81 lows seen early today, but this may be a psychological technical event for some price watchers and chart watchers. Maybe it was just stop and limit orders orders kicking in, but Citi shares only hit $4.00 last Wednesday.  But they had not broken under the $4.00 mark since August 17.

E*TRADE Financial Corporation (NASDAQ: ETFC) is down as well, even though the company has withdrawn its request for bailout money in an SEC Filing today (summary): The Office of Thrift Supervision recently requested that E*TRADE declare its intentions with respect to its application to participate in the Capital Purchase Program. In light of the funding received from recent capital raising activities… reduction in interest bearing indebtedness resulting from the recent debt exchange transactions… E*TRADE withdrew its application on October 30, 2009. Yet E*TRADE is down 7.5% at $1.35 today, which is the lowest level since the end of August.

American International Group, Inc. (NYSE: AIG) was one of the few of the junky financial stocks up on the day.  Shares are still up 1.7% at $34.20, but the AIG stock was up as high as $36.48 before heading back down today.

Last on the list is the company every mortgage borrower in America hated whether the insurance was needed or not and whether they lied about their ability to afford a mortgage or not.  PMI Group Inc. (NYSE: PMI) is down 16% at $2.03.

The money center banks and financially sound financial institutions are not getting clipped anywhere like the junkier financial stocks are today.  It appears as though investors are going to more safety.  Whether the markets have peaked for 2009 or whether it is just the junkier of the financial stocks have peaked for the near-term is something that we can debate later.  What is clear is that investors, traders, and speculators are using  the CIT bankruptcy as their catalyst to get out of the companies which are still highly questionable.

JON C. OGG
NOVEMBER 2, 2009

Author: Dan Stevens
Source: ezinearticles.com

Many internet marketers struggle with the daily task of finding leads(having a potential customer fill in an email form requesting their email address, or their zip code, or address for additional promotional offers to be sent to them), or a sale(having a customer complete an offer,, Email Search
, by giving their credit card details or some other means of purchasing a product or an item).

As an affiliate the sole task is to bring traffic to publishers, and you get a certain percentage of the proceeds, either on a per lead, per sale or revenue share basis.

Now imagine the scenario,, Email Search
, you have created, Email Search
, a website specifically for this purpose, you designed it, did all the SEO(search engine optimisation) so it is ready for the search engines, and has all your keywords evenly distributed, and your niche is targetted.

You run an adwords campaign, aimed at targetting that niche. Potential leads or customers see your ad with your adcopy and landing page, on google, or the Yahoo Publisher, Email Search
, Network, or MSN Adcenter, they land on your page, are impressed with the product, and proceed to complete a sale or give their,, Email Search
, Email Search
, details for a lead.
This is the normal scenario for many, Email Search
, affiliate marketers.

However there is a big snag in the pipeline, almost all publishers when using banners also place a copy of their url in the banner, so any potential customer,, Email Search
, can if they want to simply just type the direct address of the product and get on the home page of the publisher, regardless of the work that you as the affiliate put in to bring that product to their attention, if that happens you have in effect lost time and money.

A second way many affiliates loose commissions is by simply having the direct url complete with their affiliate id appended somewhere in the url(usually at the end), all a buyer has, Email Search
, to do is type in the url omitting your affiliate id, and they can still get to the landing page, order the product, or complete a lead and you as the affiliate would receive no compensation for the work you have put in bringing that potential customer to the publisher.

This is where url shorteners, or url redirection comes in as the potential customer never sees the direct, Email Search
, landing page, or your affiliate id, Email Search
, inorder to go directly to the publisher, and hence denying you of your commissions.

There are several types of url redirections, some may require registration, some may, Email Search
, not and you can easily test out the different types to see which one would suit your traffic, some may have a delay of a few seconds, Email Search
, in other to show some ads before going, Email Search
, direct to the page of the url redirection, others simply go direct to the shortened url.
Once a shortened url, or url redirection is created, this unfortunately is not the end, as often webmasters redirect shortened urls continually so constant checks must, Email Search
, be made to see if the shortened url is still active, and your shortened or redirect url has not been sent elsewhere.

Mr D Stevens is a reviewer at Url redirection

It was my birthday the day I heard the news.  There was Hank *Herod* Paulson on CBNC in a press conference stating “Our economy and our markets will not recover until the bulk of this housing correction is behind us.” and I 100% agreed.  Then I watched, jaw dropped in amazement as Paulson & James Lockhart announced they were placing Fannie Mae & Freddie Mac in Convervatorship.  It had to be a bad dream; a nightmare.  Our government was taking over these two powerhouse GSEs and they had not the first clue what either of them was about.  I was in shock.

So now we’ve come a full year later and boy, what a bang-up job they’ve done.  The latest publication from Fannie reflects over the past 12 months, just how dire the default situation is becoming with enhanced loans [those with lower credit standards and minimum down payments] topping the default charts.

Single family conforming [non-enhanced] increased by 299%, enhanced single family up 370% and multi-family mortgage defaults up 285% from one year ago.  These statistics also do not include modified loans which, rumor has it are defaulting at a 50% rate. 

With increasing unemployment, I don’t even want to imagine how high these #s are going to skyrocket over the next two years.   Now don’t blame FNM or FRE.  They do not originate loans.  No.  These beauties were originated by your friendly local mortgage broker or corner bank, then sold off – that’s where FNM FRE came into the mess.  They merely took the loans,  packaged them into various and sundry securities and sold them off; but look at the stats on the table.  Theses are the levels of default rates we used to see in high-risk FHA/VA loans and even on those gov’t loans,  we’d still be pushed to lower the % of default [back when I was in the mortgage business].  Now the cream-of-the-crop, typically wonderful Conventional single family loans have FHA default levels? 

Some may argue that FNM/FRE designed the underwriting guidelines by which these loans were approved but who was it that forced them adopt more lenient rules so that even the less fortunate or those with little cash could experience the wonderment of homeownership?  Do you think they lobbied for it?  Nope.  Your friendly neighborhood Congress under the Clinton administration did [talk about a politcal move]; but I digress.  That’s another discussion.  Bottomline is they were told to pool these loans and pool them they did. 

Now aren’t we all relieved the government intervened?  Apparently our economy and our credit markets aren’t healed yet as the government would have us believe.  I could’ve told ‘em that.  If you want my opine, the banks should be trading at a buck and FNM/FRE $50 a share.

(edit) BTW - FHA foreclosure claims increased 31% year-over-year as of 8/31/09.  The search for further information in this area continues…………

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Short interest in a number of major financial firms rose for the period ending October 15.

Shares short in Citigroup (NYSE:C) rose 51% to 178.1 million. The short interest in CIT (NYSE:CIT) was up 21% to 85.6 million. Share sold short in Freddie Mac (NYSE:FRE) were up 14% to 71.5 million. Shares short in Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM) were fairly flat.

Shares sold short in Microsoft (NASDAQ:MSFT) dropped 7% to 76.1%. The short interest in Dell (NASDAQ:DELL) dropped 7% to 38.4 milion. Shares sold short in Yahoo! (NASDAQ:YHOO) and eBay (NYSE:EBAY) also dropped.

The short interest in Intel (NASDAQ:INTC) rose 19% to 60.1 million. Shares short in Cisco (NASDAQ:CSCO) were up 17% to 47.2 million. Shares short in Symantec (NASDAQ:SYMC) were up 15% to 25.2%.

Source: NYSE and NASDAQ.

Douglas A. McIntyre

It is no secret that things could be much better at Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).  But the last week or so has re-highlighted just how dire the situation is for these government sponsored entities and perhaps more importantly for the common shareholders. Both Freddie Mac and Fannie Mae were forced into federal conservatorship last year by Uncle Sam.

We have taken an in-depth look here at the situation and the past to get a feel for the future of these companies (GSE’s).  If you parse through the data and watch what has been happening in Washington D.C. of late, there is the clear reminder that these emperors have no clothes on.  In the world of Star Trek, these companies stockholders may be facing a Kobayashi Maru scenario.

It was just last Monday when the financial sector specialty brokerage and investment banking for of Keefe Bruyette & Woods gave this stock the downgrade from hell.  It was not just that the downgrade went to an “Underperform” rating.  It was that KBW said these companies will likely have a ZERO VALUE in both the common stock and in the preferred shares when the inevitable restructuring comes.

While Freddie Mac only had one up-day this week, it did close much better than the $1.24 closing low and the $1.06 intra-day low.  But the close the Friday before was at $1.72, so Friday’s $1.36 close tallied up a 21% loss for the  week. Fannie had a rough week too, but not as many down days.  The $1.46 close the Friday before translated to a 19% drop to Friday’s $1.18 closing price.  And that is also above the $1.12 low close for the week and above the $0.95 intra-day low this last week.  If things roll back over and continue to get worse, one or both of these could even come under delisting warnings from the NYSE or at least fall into the catetgory of companies which should be given warnings and are just given a pass for listing requirements.

Freddie Mac’s acting Chief Financial Officer, David Kellermann, committed suicide earlier this year.  On April 22 that news broke shares had closed the day before at $0.86 and closed at $0.79 the day after.  As that was April, there is a significant price difference in market index levels and  even between the junky financials then and now.

This last week there comments out of Washington from the Fed’s Lacker noting that these two have ‘outlived their usefulness.”  The Obama administration has noted in recent weeks that any formal change or formal decision in Fannie and Freddie is still a long ways out. Although there were FHA developments this week to keeping the local level flowing, how that affects Fannie or Freddie will be known in the coming weeks.  Due to other woes of more pressing matters in the financial sector, it seems that Fannie and Freddie have been given a pass to stay out of the financial destruction game.  But they will have to suit up in the gladiator costume eventually.

To add insult to injury, Freddie Mac disclosed in an SEC filing late in the week that its mortgage delinquencies continued to rise in September. Freddie disclosed September delinquencies on single-family residences at 3.33%.  That is up from 3.13% in August and up much more sharply from the year ago reading of 1.2%. It also showed that the portfolio rose by $4.8 billion after three consecutive monthly declines to a new level of $784.17 billion. The change was due to mortgage-backed securities held. It also disclosed that the refinance-loan purchase volume fell down to $21.4 billion from $35.6 a month ago.

As all the housing activity seems to be in the $250,000 and under housing market, it seems that all the new homes are ‘conforming’ loans that would be able to go through Fannie Mae and Freddie Mac.  Unfortunately, this may come to an abrupt end if that $8,000 first-time home buyer tax credit expires at the end of November.

Alan Greenspan came out of the crypt even in 2008 and called for a nationalization of both Fannie and Freddie.  He referred to the two GSE’s as accident waiting to happen.  Then a break-up should occur into as many as five to ten different companies that would be sold back to the market.

But back to the situation of today.  Fannie Mae sold $3.5 billion in 5-Year benchmark notes this last week, at a yield of 2.737% and a spread of a mere 33 basis points over comparable U.S. Treasuries. The notion that these entities can sell bonds with spreads that tight is almost impressive despite our own extreme caution.

If you can believe it, there are stock options in both Fannie Mae and Freddie Mac.  They are extremely expensive and are actually not that active in trading considering the huge open interest.  With both stocks just above $1.00, it seems as though these are already just long-term warrants with way out of the money strike prices.

Despite all the cautious nature here, it does have to be at least addressed just how much these have recovered from the lows even considering the sell-off this last week and even before that. And as for the charts, we might take the argument that charts on $1.00 stocks are not as relevant.  But pure technicians that watch no news and look at no fundamentals at all would tell you that the charts are currently at critical levels in both Fannie and Freddie.  Even the downtrend channels were violated, and if much weakness comes into play in the next week then the technicians will be saying weakness begets more weakness. (chart from StockCharts.com)

The ultimate fate of these GSEs is not really dependent upon the economy or the housing market.  Is that a paradox?  The fate of Fannie and Freddie as far as the common and preferred shares go depends almost entirely upon the political situation in Washington and the ability to or not to include these financial black holes on the balance sheet of the federal government.  Ultimately, these entities will survive in some form or fashion, even if they are under a new entity.  But we have already called the notion that the financial pain and sacrifice will go far up the chain in the line of creditors.  That call still stands.

JON C. OGG
OCTOBER 25, 2009

Author: Dan Stevens
Source: ezinearticles.com

Many internet marketers struggle with the daily task of finding leads(having a potential customer fill in an email form requesting their email address, or their zip code, or address for additional promotional offers to be sent to them), or a sale(having a customer, Find Email, complete an offer, by giving their credit card details or some other means of purchasing a product or an item).

As an affiliate the sole task is to bring traffic to publishers, and you get a certain percentage, Find Email, of the proceeds, either on a per lead, per sale or revenue share basis.

Now imagine the scenario, you have created a website specifically for this purpose, you designed it, did all the SEO(search engine optimisation) so it is ready, Find Email, for the search engines, and has all your keywords evenly distributed, and your niche is targetted.

You run an adwords campaign, aimed at targetting that niche. Potential leads or customers see your ad with your adcopy and landing page, on google, or the Yahoo Publisher Network, or MSN Adcenter, they land on your page, are impressed with, Find Email, the product,, Find Email, and proceed to complete a sale or give their, Find Email, details for a lead.
This is the normal scenario for many affiliate marketers.

However there is a big snag in the pipeline, almost all publishers when using banners also place a copy of their url in the banner, so any potential customer, can if they want to simply just type the direct address of the, Find Email, product and get on the home page of the publisher, regardless of the work that you as the affiliate put in to bring that, Find Email, product to their attention, if that happens you have in effect lost time and money, Find Email, .

A second way many affiliates loose commissions is by simply having the direct url complete with their affiliate id appended somewhere in the url(usually at the end), all a buyer has to do is type in the url omitting your affiliate id, and they can still get to the landing page, order the product, or complete a lead and you as the affiliate would receive no compensation, Find Email, for the work you have put in bringing that potential customer to the publisher.

This is where url shorteners, or url redirection comes in as the potential customer never sees the direct landing, Find Email, , Find Email, page, or your affiliate id inorder to go directly to the publisher, and hence denying you, Find Email, of your commissions.

There are several types of url redirections, some may require registration, some may not and you can easily test out the different types to see which one would suit your traffic, some may have a delay of a few seconds in other to show some ads, Find Email, before going direct to the page of the url redirection, others simply go direct to the shortened url.
Once a shortened url, or url redirection is created, this unfortunately is not the end, as often webmasters redirect shortened urls continually so constant checks must, Find Email, be made to see if the shortened url is still active, and your shortened or redirect url has not been sent elsewhere.

Mr D Stevens is a reviewer at Url redirection

These are this Friday morning’s top day trader and active trader alert stocks.  We have more detailed data on price, volume, and historical data with links through to each story at VSInvestor.com:

Amazon.com Inc. (NASDAQ: AMZN) blew through earnings estimates and is actually challenging all-time highs not seen since the 1998 to 2000 tech bubble.

Broadcom Corp. (NASDAQ: BRCM) is being left out of the rally as guidance was disappointing.

Freddie Mac (NYSE: FRE) is actually up marginally this morning despite an SEC Filing this morning showing that its mortgage delinquencies continued to rise in September.

Microsoft Corporation (NASDAQ: MSFT) is up almost 10% and hitting 52-week highs.

SunPower Corporation (NASDAQ: SPWRA) is feeling the downside of the solar trade and down almost 10%.

Synaptics Inc. (NASDAQ: SYNA) is up sharply and creating a serious short squeeze.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
OCTOBER 22, 2009

Author: Dan Stevens
Source: ezinearticles.com

Many internet marketers struggle with the daily task of finding leads(having a potential customer fill in an email form requesting their email address, or, Find Email, their zip, Find Email, code, or address for additional promotional offers to be sent, Find Email, to them),, Find Email, or a sale(having a customer complete an offer, by giving their credit card details or some other means of purchasing a product or an item).

As an affiliate the sole task is to bring traffic to publishers, and you get a certain, Find Email, percentage of the proceeds, either on a per lead, per sale or revenue share basis.

Now imagine the scenario, you have created a website specifically for this purpose, you designed it, did all the SEO(search engine optimisation) so it is ready for the search engines, and has all your keywords evenly distributed, and your niche is targetted.

You run an adwords campaign, aimed at targetting that niche. Potential leads or customers, Find Email, see your ad with your adcopy and landing page, on google, or the Yahoo Publisher Network, or MSN Adcenter, they land on your page, are impressed with the product, and proceed to complete a sale or give their details, Find Email,, Find Email, for a lead.
This is the normal scenario for many affiliate marketers.

However there is a big snag in the pipeline, almost all publishers when using banners also place a copy of their url in the, Find, Find Email, Email, banner, so any potential customer, can if they want to simply, Find Email, just type the direct address of the product and get on the home page of the publisher, regardless of the work that you as the affiliate put in to bring that product to their attention, if that happens you have in effect lost time and money.

A second way many affiliates loose commissions is by simply having the direct url complete with their affiliate id appended somewhere in the url(usually at the end), all a buyer has to do is type in the url, Find Email, omitting your affiliate id, and they can still get to the landing page, order the product, or complete a lead and you as the affiliate would receive no compensation for the work you have put in bringing that potential customer to the, Find Email, publisher.

This is where url shorteners, or url redirection comes in as the potential customer never sees the direct landing page, or your affiliate id inorder to go directly to the publisher, and hence denying you of your commissions.

There are several types of url redirections, some may require registration, some may not and you can easily test out the different types to see which one would suit your traffic, some may have a delay of a few seconds, Find Email, in other to show some ads before going direct to the page of the url redirection, others simply go direct to the shortened url.
Once a shortened url, or url redirection is created, this unfortunately, Find Email, is not the end, as often webmasters redirect shortened urls continually so constant checks must be made to see if the shortened url is still active, and your shortened or redirect url has not been sent elsewhere.

Mr D Stevens is a reviewer at Url redirection

These are this morning’s top pre-market day trader alert stocks for Wednesday.  We have more detailed analysis and data on each stock linked through to VSInvestor.com:

Yahoo! Inc. (NASDAQ: YHOO) is trading up at 52-week highs after earnings.

Intuitive Surgical Inc. (NASDAQ: ISRG) is a huge point loser, but down 5% after earnings.

Polycom Inc. (NASDAQ: PLCM) is the biggest loser by percentages this morning after earnings.

SanDisk Corporation (NASDAQ: SNDK) is still up, but off its after-hours highs, after blowing out earnings.

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are trying to make it three in a row after that ZERO VALUE call from KBW on Monday.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
OCTOBER 21, 2009

These are this morning’s top day trader alerts.  We have more detailed price and volume data along with added color over with links through to each stock at VSInvestor.com:

Apple Inc. (NASDAQ: AAPL) is bumping against all-time highs after blowing out earnings.

BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX) is one of this morning’s top gainers on safety reviews allowing the study to proceed.

Caterpillar Inc. (NYSE: CAT) is up at 52-week highs after blowing out earnings.

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are continuing yesterday’s losses, with Freddie being slapped harder than the Fannie step-sister.

MGM MIRAGE (NYSE: MGM) is up close to 10% on word that Kerkorian’s Tracinda is interested in exploring deals after the December City Center open.

Novavax, Inc. (NASDAQ: NVAX) is up 6% on a test of virus-like particle H1N1 influenza vaccine in Mexico with Avimex Laboratories and GE Healthcare.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

These are this morning’s top day trader alert stocks with more detailed data on price, volume, and further analysis with links to each stock over at VSInvestor.com:

• Allion Healthcare, Inc. (NASDAQ: ALLI) and iPCS, Inc. (NASDAQ: IPCS) are the two largest gainers, due to them both being buyout stocks this morning.
• Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are both active and lower as KBW called them both ZERO in a downgrade.
• Amgen Inc. (NASDAQ: AMGN) is down about 3% on an FDA delay.
• CIT Group, Inc. (NYSE: CIT) was indicated up 8% early on from a sweetened debt exchange offer.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
OCTOBER 19, 2009

These are ten of the top analyst upgrades, downgrades, and initiations seen early this Monday morning from Wall Street research notes:

Accenture (NYSE: ACN) Cut to Neutral at UBS.
Air Tran Holdings (NYSE: AAI) Raised to Overweight at JPMorgan.
CareFusion (NYSE:CFN) Started as Market Perform at Leerink Swann; Started as Neutral at JPMorgan.
First Solar (NASDAQ: FSLR) Cut To Neutral at Macquarie.
Fannie Mae (NYSE: FNM)  Cut to Underperform at KBW.
Freddie Mac (NYSE: FRE) Cut to Underperform at KBW.
Geron Corporation (NASDAQ: GERN) Raised to Buy at Merriman Curhan Ford.
Marvell Tech (NASDAQ: MRVL) Started as Buy at Citigroup.
Southwest Airlines (NYSE: LUV) Cut to Underweight at JPMorgan.
Tellabs (NASDAQ: TLAB) Cut to Neutral at UBS.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

Jon C. Ogg
October 19, 2009