NASDAQ

Microsoft Buys LinkedIn For $196/Share In $26.2 Billion Deal

Merger monday is back with a bang, when moments ago Microsoft announced that it would buy LinkedIn for $196/share, a massive 50% premium to the Friday closing price of $131. The total deal size is $26.2 billion and according to the press release, MSFT will finance the transaction primarily through the issuance of new debt. Indicatively, almost exactly one year ago, LNKD was trading at $300.

BofA Credit Analyst Loses It: "Central Banks Created A Fantasy Land"

"We fully recognize and appreciate that low global yields and the need to stay invested creates a positive technical that is difficult to fight against. But fight we do.... We find it incredible that 76% of the most important economic indicators from the
selloff are worse today but yields are about 200bp lower."

Meet Ability Inc – The Israeli Company That Wants To Hack Your Cellphone

With just a few million dollars and a phone number, you can snoop on any call or text that phone makes – no matter where you are or where the device is located. That’s the bold claim of Israel’s Ability Inc, which offers its set of bleeding-edge spy tools to governments the world over. And it’s plotting to flog its kit to American cops in the coming months.

Why Management Is Incentivized To Fabricate Earnings: It's All About non-GAAP Bonuses

Fabricating non-GAAP "earnings" is not just in the best interest of shareholders, whose investments are kept afloat by borderline fraudulent adjustments, charges and addbacks. As it turns out, management teams are likewise incentivized to represent the most manipulated and egreiously embellished results as well. And worst of all: there is nothing the SEC will do about it.

Are Investors Idiots?

Statistically, the likelihood of a crash coming on any given day is small. But that is a little like telling a turkey not to worry because the likelihood of Thanksgiving is only 1 out of 365.

"Run For Cover If You’re Short" Gartman Pleads One Day After Saying "2,025 Is A Given"

"Anybody who's short - and there are a lot of smart people who are in fact heavily short - they have to run for cover, and I think it could get ugly.  In our account here, we quite literally were grasping for almost anything we could to reverse our position. Covering… or actually greatly reducing… our short position in the derivatives market was the first course of action.... We’ve learned over the years that when such things occur it is better to “shoot first and ask questions later."

Is This Why Stocks Are Soaring - "We’ve Cast Our Long Positions Aside"

"In our retirement account here at TGL we have simplified our position taking in the equity market: we have only a position in derivatives on the short side, and although it is not a material position it is one-sided. We’ve cast our long positions aside. We’ve simplified; we’ve gotten smaller; but we are bearishly inclined, and we are intent upon adding to those bearishly inclined positions..."