Global markets are officialy in bear markets thanks to a myriad of negative events. Soaring oil and food prices, credit crunch in the US and to a lesser extent Europe,...etc

This weeks bloodshed hit the venerable Freddie Mac and Fannie Mae the hardest. Their stocks are down almost 75% off their highs. Before, you think of profiteering from their decline or bet on a government (likely) bailout, consider the following.  read more »

Just a couple of weeks, I wrote about Pioneers Holdings Co getting a LE2,750 Bn valuation. I wrote then, that my hat is off for the effort they made in turning this company around. Pioneers Holdings (PIOH.CA) is now trading at LE9.5Bn. Ok, something is really wrong here.

 First, how did we move from LE2.5 Bn to LE9.5Bn in less than one month. They do have their own investment banking, which conducted their own valuation, could they have been wrong by 5x! Private placement pricing is usually 20 to 25% different than the IPO price, this is not 50% different, this is 400% off!  read more »