• As Stocks Rise, Frustrated Investors Vent About Ben Bernanke

    Provided by Business Insider's Joe Weisenthal

    Earlier this week, a bunch of high-profile investors presented ideas at the Ira Sohn Investment Conference.

    One big theme: Bernanke hate.

    A lot of big investors HATE the Fed Chairman--or at least his loose-money policies.

    Investing legend Stanley Druckenmiller, for example, calls current Fed policy totally outrageous and inappropriate.

    Paul Singer says the Fed is creating class warfare.

    These two big shots are not alone in their Fed sentiments. If you listen to a lot of old industry veterans, you'll hear a lot of grousing about Bernanke and quantitative easing and so forth. The frustration is so angry and dismissive that these folks often sound like anonymous commenters on a blog.

    Why are these investors so angry?

    Former Treasury official and trader Mark Dow sent us his thoughts on the matter.

    He writes:

    Some guys don't understand monetary policy and think he's doing wrong thing.

    Others think it's immoral that markets aren't let to clear

    Read More »from As Stocks Rise, Frustrated Investors Vent About Ben Bernanke
  • Mother’s Day: Hooters Offering Moms Free Drink, Free Dinner

    Americans are expected to spend nearly $21 billion on their moms this Sunday, or an average of $168.94 per mom, according to the National Retail Federation’s Mother’s Day spending survey. Mother’s Day ranks third behind Christmas and Valentine’s Day in terms of holiday spending (Father’s Day comes in fifth). The Census Bureau estimates that there are 85.4 million moms in the U.S.

    Flowers and cards are popular Mother’s Day gifts and a majority of moms are treated to brunch and dinner too. The National Restaurant Association projects that more than one-quarter of American adults -- nearly 80 million people -- will celebrate Mother's Day by eating out.

    Related: The World's Richest Moms

    Hooters, the Atlanta-based chain best-known for its scantily-clad waitresses, is trying to broaden its customer base to include more females, and of course, moms. The restaurant’s 430 locations will offer moms a free drink and entrée (up to $10) for Mother’s Day dinner. (Last year Hooters gave away free

    Read More »from Mother’s Day: Hooters Offering Moms Free Drink, Free Dinner
  • Your Nest Egg May Contain Sticks of Dynamite

    Does the bond fund you’re holding as a way to buffer your portfolio from the risk of stocks, actually contain more risk than you think? These funds could in fact contain sticks of dynamite, according to Bob Rice, managing partner at Tangent Capital and author of The Alternative Answer. He explains why in the accompanying video.

    “You can’t hold a bond fund until maturity, there is no maturity date on a bond fund,” Rice explains (this matters because interest rates or the yield on a bond move in the opposite direction of its price). “Right now interest rates are so low. They have only been this low three percent of the time that U.S. treasuries have existed. So the odds of them increasing are very high, and if that happens many of these bond funds will suffer 20%, 30%, 40% declines in value. So the idea that your bond fund is safe is really misleading.”

    Related: Bond Bubble Will Be Bigger Catastrophe than Real Estate Bust: Casey

    Not only that, more than ever bond funds are investing in

    Read More »from Your Nest Egg May Contain Sticks of Dynamite
  • Rumors are resurfacing that Apple (AAPL) will finally introduce a cheaper iPhone, likely sometime this fall.

    Fueling the latest speculation: a Reuters report that Taiwanese electronics maker and Apple supplier Pegatron plans to boost its Chinese workforce by as much as 40% in the second half of the year. Pegatron CFO Charles Lin said 60% of company revenues would come in the second half of 2013, but he didn’t elaborate.

    A cheaper iPhone is “very necessary,” says The Daily Ticker’s Henry Blodget. “If [Apple] wants to compete in China, India, Brazil -- places where $600 for a phone is just inconceivable especially without subsidies -- They’ve got to have a cheaper phone.”

    Related: Apple Gearing Up to Launch New iPhone (Yawn)

    U.S. customers typically pay $199 for the latest iPhone because cellphone carriers like Verizon Wireless (VZ) or AT&T (T) subsidize the purchase by roughly $400. Most foreign markets don’t have such subsidies.

    But those markets will soon have a much cheaper

    Read More »from Rumors of a Cheaper iPhone Resurface After Chinese Suppliers Hire More Workers

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