Using Veritas to Construct the "Per…

29-04-2017 Hits:88554 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:82246 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:82139 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:86637 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:83069 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:85192 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:56294 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:84520 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:84230 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:84090 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:90578 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:88150 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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I don't want to sound like I am better than the sell side analysts and the banks that they work for. It is just that I don't have the political constraints that they have. Perusing my blog, you can see that I don't pull any punches. I call trash, trash. We shall see if the guys at Merrill share the same acumen and have the balls to act on it. I have 4 major propietary research pieces sitting on my hard drives, and just have not had the time to post them. I will try to get them up between today and Friday.

 From Bloomberg :

Merrill Analysts to Rate 20% of Stocks `Underperform'

 Merrill Lynch & Co. will require its equity analysts to rate at least 20 percent of the companies they cover the equivalent of ``sell,'' about four times the Wall Street average.

Merrill's new ``dispersion guidelines'' will also limit ``buy'' ratings to 70 percent of the shares an analyst covers, while ``neutral''-rated stocks won't exceed 30 percent.

About 5.5 percent of all stocks covered by Wall Street analysts are currently rated ``sell'' or its equivalent, Bloomberg data show. Merrill analysts now recommend selling about 12 percent of the stocks they cover, according to spokeswoman Susan McCabe Walley.

The change comes as analysts rate about half as many stocks ``sell'' as they did in 2003, according to data compiled by Bloomberg. That year, 10 securities firms including Merrill paid $1.4 billion to settle allegations by then-New York Attorney General Eliot Spitzer they used research to promote investment banking clients.

``Anybody can find good stuff to buy. It's the sell research people pay for,'' said Peter Sorrentino, a portfolio manager at Huntington Asset Advisors in Cincinnati, which oversees $16.7 billion. ``There have been countless times when stocks rode buy ratings all the way into the dirt. Do they need to have a better sell discipline? Absolutely.''

Sorrentino owns Merrill Lynch shares and uses its research to help make investment decisions.

Falling Stocks

The third-biggest securities firm is raising the percentage of sell ratings to ensure they ``correlate more closely with historical return statistics,'' the company said in a statement. About 37 percent of stocks fall every year, Candace Browning, president of Merrill Lynch Global Research, said in an interview today on Bloomberg Television.

``It's not so much throwing in the towel on the long bias they've had, but probably trying to go after the customer base that has generated the most commissions, and that's the hedge funds,'' said Jack Ablin, who oversees $62 billion as chief investment officer at Harris Private Bank in Chicago. ``They probably do want to offer them short ideas.''

Analysts must develop an ``investment thesis'' and price forecast for each stock, Merrill said. The firm said the changes will provide ``enhanced transparency into analysts' views.''

Merrill also changed the definition of its ratings categories. The lowest rating, ``underperform,'' will apply to stocks expected to have a negative total return over 12 months or gain the least among stocks in their industry or region. Stocks rated ``neutral'' are projected to return up to 10 percent, and ``buy'' ratings will apply to companies expected to return more than 10 percent.

The new system will begin June 2, the firm in a statement distributed by Business Wire.