USA TODAY reporter covering everything Wall Street: the stock market's maddening mood swings; pundits' bull and bear rants; and the people that move markets!
Cynk penny stock plunge is reminder of Buffett's advice of not to buy anything that can't withstand a market closing
If Apple "beats" on earnings after the bell, is 2000 on the S&P 500 far behind?
RT @kmccoynyc: Senate panel grills banks and hedge fund on tax schemes: usatoday.com/story/money/bu…
Don't look now but S&P 500 flirting with all-time highs. Takeaway: improving geopolitical picture makes stocks look prettier in the mirror
Ackman's advice to Herbalife investors that r long: "If u own the stock I advise you to sell, not short the stock, cause shorting is risky."
Ackman on Herbalife's 15% rally despite his 3-hour talk claiming it's ponzi scheme: "Don’t look at the stock price, look at the facts."
Ackman summary: Herbalife CEO "Michael Johnson is a predator. This is a criminal enterprise. And it is time to shut the company down."
Ackman presentation: Slide shows speaker at Herbalife "Club 100" event: “We’re not selling smoke and mirrors." Ackman disagrees vehemently
Ackman: "If u look at great frauds of all time, Enron had phantom trading floors ...What Herbalife has is phantom or fictitious customers"
Herbalife shares rise 3.5% 17 min into hedge fund mgr ackman's presentation about cos biz, which he alleges is ponzi scheme
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