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Investing

Today’s Best Market Rumors (11/28/2012)

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By Douglas A. McIntyre Published
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Updated throughout the day on the 24/7 Wall St. Wire:

Virtu Financial is the most likely buyer of Knight Financial Group Inc. (NYSE: KCG). (WSJ)

Jeff Zucker will become the new CEO of Time Warner’s (NYSE: TWX) CNN. (WSJ)

Groupon Inc.’s (NASDAQ: GRPN) board may look for a new CEO. (WSJ)

Douglas A. McIntyre

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Four More Financial Services ETFs Launched (KBW, KBWY, KBWD, KBWX, KBWP)

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FAS/FAZ Dealing With Billions of Dollars of Securities Sales from Members (FAS, FAZ, BBT, COF, PFG, WFC, USB)

The triple leverage ETF’s, the Direxion Financial Bull 3X Shares (NYSE: FAS) and Direxion Financial Bear 3X Shares (NYSE: FAZ),…
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S&P Looking For More Bank Losses (WFC, CMA, USB, BBT, RF, COF, FITB, HBAN, SNV, WTNY, FAS)

Standard & Poor’s may still have at least some relevance in its debt ratings.  This morning we saw a wave…
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Paulson, Esteemed Bank Short Seller, Now Long Financials (BAC, COF, GS, JPM, FITB, FHN, MI, PBCT, SKF, RF, STT, STI)

John Paulson has been well known as a hedge fund manager because of the profits he made from short selling…
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Paulson Takes Huge Stake In Citigoup, Dumps Goldman

John Paulson is rather notorious, and wealthy, for how much he picked up by shorting financial stocks on the way…
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Leveraged ETF’s Weigh Bank Preferred Redemptions (FAS, FAZ, UYG, SKF, PGF, BAC, JPM, WFC, GS, C)

The triple-leverage financial ETFs of Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and Direxion Daily Financial Bear 3X Shares…
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Will Berkshire Hathaway Join GE and AIG on Systemic Risk List?

The U.S. Financial Stability Oversight Council has begun looking at Berkshire Hathaway to determine whether the financial powerhouse is important…
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New Leverage & Inverse ETF Competition (KBW, KRU, KRS, FAS, FAZ, UYG, SEF)

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Analyst Dick Bove Sees Major Bank Stocks Rising 30% in 2013 (BAC, C, JPM, GS, MS, PNC, STI, CMA, FRC, XLF)

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