The purpose of this blog is to track 20 common stocks for a full year. The idea is to beat the S & P 500 like a mutual fund without the very high churn rate. These stocks will be held in a portfolio until next December 31.

Monday, January 30, 2012

MF Fine to Fail in just 1 week

http://www.bloomberg.com/news/2012-01-30/mf-global-told-s-p-it-had-never-been-stronger-one-week-before-collapse.html

"A week before MF Global Holdings Ltd. (MF) collapsed, its chief financial officer told Standard & Poor’s in an e-mail that the futures broker had “never been stronger.”


“MF Global is in its strongest position ever,” Steenkamp told S&P on Oct. 24, according to the letter to Representative Randy Neugebauer, a Texas Republican, from Craig Parmelee, a managing director at S&P in New York."