what is this an index of? a proxy of stocks of companies that received TARP funds for serious investment consideration, just another investment product to market?
Here's a snippet: The index enables investors to track the performance of U.S.-listed securities that are participating in U.S. government sponsored relief programs such as the Troubled Asset Relief Program (TARP) or other direct government investments. ... "This Index allows taxpayers and other investors to measure the performance of U.S. companies that are participating in the government's financial relief plan," said NASDAQ OMX Executive Vice President John Jacobs.... The NASDAQ OMX Government Relief Index consists of companies across multiple industry groups that have received a direct investment from the U.S. Government greater than $1 billion. The Index is the first of the Government Relief Index Series that NASDAQ OMX will be launching in the coming weeks. The Index is calculated in real-time across the combined exchanges and is disseminated in dollars. The index began calculation with a value of 1000.00 on January 5, 2009.
isn't that a false metric of success...at least to some extent? what would be a considered "successful" performance trend?
1. couldn't some say...as long this doesn't go to zer0 then the TARP was successful at keeping TARP recipients in business? 2. couldn't others say...if this outperforms then I want my TARP funds (repaid to public and/or disbursed to underperforming companies)? 3. others could say...how does this reflect an improvement in lending practices?
this list could go on, and on, and on.
What an impressive IPO, though. It has already lost 15% in its first week. Is this the next bubble?...speculative investing on the effect of a government bailout needed to address undisciplined speculative investing.
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http://www.cnn.com/2009/CRIME/01/13/missing.pilot/index.html
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a proxy of stocks of companies that received TARP funds for serious investment consideration, just another investment product to market?
or are the folks at NASDAQ just having fun?
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Here's a snippet: The index enables investors to track the performance of U.S.-listed securities that are participating in U.S. government sponsored relief programs such as the Troubled Asset Relief Program (TARP) or other direct government investments. ... "This Index allows taxpayers and other investors to measure the performance of U.S. companies that are participating in the government's financial relief plan," said NASDAQ OMX Executive Vice President John Jacobs.... The NASDAQ OMX Government Relief Index consists of companies across multiple industry groups that have received a direct investment from the U.S. Government greater than $1 billion. The Index is the first of the Government Relief Index Series that NASDAQ OMX will be launching in the coming weeks. The Index is calculated in real-time across the combined exchanges and is disseminated in dollars. The index began calculation with a value of 1000.00 on January 5, 2009.
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what would be a considered "successful" performance trend?
1. couldn't some say...as long this doesn't go to zer0 then the TARP was successful at keeping TARP recipients in business?
2. couldn't others say...if this outperforms then I want my TARP funds (repaid to public and/or disbursed to underperforming companies)?
3. others could say...how does this reflect an improvement in lending practices?
this list could go on, and on, and on.
What an impressive IPO, though. It has already lost 15% in its first week. Is this the next bubble?...speculative investing on the effect of a government bailout needed to address undisciplined speculative investing.
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What I find most interesting is that, at this point, I have not been able to find a list of the companies which comprise the index. hmmmm....
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