Golden Fibonacci

Dec. 8 (Bloomberg) — Stocks, gold and oil fell while the dollar rallied after Dubai World’s Nakheel PJSC lost $3.65 billion, Fitch Ratings downgraded Greece’s credit and German industrial production unexpectedly dropped.

The MSCI Emerging Markets Index declined 1.1 percent at 4:31 p.m. in New York, and the Standard & Poor’s 500 Index slumped 1 percent. Gold dropped for a third day in New York. Crude posted a fifth consecutive retreat. The yield on Greece’s two-year notes rose the most since 1998. The dollar appreciated against 14 of the 16 most-active currencies.

Concern that Dubai World would default on $59 billion in debt roiled markets last month, spurring speculation that the recovery in the global financial system would stall. Moody’s Investors Service said deteriorating public finances in the U.S. and U.K. may test their Aaa ratings. Federal Reserve Chairman Ben S. Bernanke told the Washington Economic Club yesterday that the economy faces “formidable headwinds.” Ream more »

Today I have been reading lots of comments on a market bottom. Each time I started to compose a reply to say it is a waste of time, but I couldn’t find the right words. I wasn’t going to bother linking to John Hussman’s weekly market comment anymore, but I was gobsmacked when I just read his comments this week. He had no problem finding the words I was after.

“With the S&P 500 down nearly 40% from last year’s highs, and now trading modestly above 10 times last year’s peak earnings level, I continue to view stocks as somewhat undervalued, in that long-term investors can expect the S&P 500 to deliver total returns in the area of 10% annually over the coming decade. This is the largest expected return premium, relative to long-term Treasury yields, since the early 1980’s. Ream more »

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Lehman Brothers sudah menyatakan diri bangkrut dengan menanggung utang hingga sekitar US$ 600 miliar. Di Indonesia ternyata Lehman banyak melakukan investasi di perusahaan terbuka.

Seperti dikutip dari riset PT Ciptadana Securities, Kamis (25/9/2008), Lehman telah menjadi kreditor asing untuk PT Bakrie & Brothers (BNBR), Gajah Tunggal Group, Davomas, Jakarta Setiabudi, Intikeramik Group dan Global Mediacom/MNC Group.

Jejak Lehman di Indonesia, pertama kali ketika menjadi kreditor asing PT Bakrie & Brothers Tbk (BNBR). Lehman masuk ke BNBR setelah keluarga Bakrie berhasil kembali menjadi pengendali di perusahaan itu. Lehman pernah memiliki 1,74% saham BNBR di tahun 2003. Ream more »

Umumnya pembicaraan mengenai corporate action mengacu kepada aktivitas emiten seperti stock split, saham bonus, right issue, dan pembagian dividen.

Menurut peraturan perdagangan BEI, corporate action merupakan tindakan emiten yang memberikan hak kepada seluruh pemegang saham dari jenis dan kelas yang sama seperti hak untuk menghadiri Rapat Umum Pemegang Saham (RUPS), hak untuk memperoleh dividen tunai, saham dividen, saham bonus, Hak Memesan Efek Terlebih Dahulu, Waran, atau hak-hak lainnya. Ream more »