The Fender Musical Instrument Corporation (FNDR) filed papers to trade stock on the NASDAQ exchange. Founded by Leo Fender in 1946, the firm manufactures the iconic Stratocaster and Telecaster electric guitars.
Posts Tagged ‘stock market’
Fender Trading on the Stock Exchange
April 11, 2012Wall Street and the Economy
September 6, 2010
From Robert Reich:
“The stock market has as much to do with the real economy as the weather has to do with geology. Day by day there’s no relationship at all. Over time, weather and geology interact but the results aren’t evident for many years. The biggest impact of the weather is on people’s moods, as are the daily ups and downs of the market.
The real economy is jobs and paychecks, what people buy and what they sell. And the real economy — even viewed from a worldwide perspective — is as precarious as ever, perhaps more so.”
More here.
Have a happy Labor Day.
Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
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Wall Street Trading Error?
May 10, 2010
Congress is holding hearings about the May 6th stock market plunge, when share prices fell 1000 points in minutes. The SEC has summoned exchange officials to Washington to explain the event, the largest one-day drop in Wall Street history.
What caused the sudden sell-off? The Typo Theory holds that the panic started when a Citigroup trader typed a “B” instead of an “M” on his computer, selling $16 billion in P&G shares instead of a mere $16 million. The huge transaction triggered automated trading programs at all brokerages and made things much worse in minutes.
Unrelated world events were first said to have caused the drop and conspiracy theorists soon chimed in, but most sources believe that the initial data entry error caused the computer-driven, snowballing sell-off.
How can such catastrophes be avoided? Some authorities want to eliminate the automated “high-frequency trading” programs used by brokerages or put automatic blowout protectors (“trading curbs”) on them. We have a simpler solution: just move the “B” and “M” farther apart on stock brokers’ computer keyboards.
Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.
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No Recession on Wall Street
February 24, 2010
Bonuses for employees of Wall Street financial firms were up at least 17 percent in 2009. You remember 2009 — TARP, unemployment, foreclosures and all that (so tiresome).
More:
Market Watch: “Wall St. bonuses climbed 17% to $20.3 billion in 2009.”
New York Times DealBook: “The Big Money’s Back in Town.”
Tiger Woods Gets a Rise Out of the Stock Market
February 19, 2010
Disgraced golfer Tiger Woods danced his “heavily-choreographed apology” for adultery on TV and the stock market rose, notes the Wall Street Journal.
While correlation is not causation and past results do not guarantee future performance, this is The Year of the Tiger.
Image (“Tiger Woods’ New Logo”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.
