Media Controlling the Markets - the "Geithner Rally"
The stock market is remarkably influenced by a media and PR war of horrendous economic news versus the rare snippet of good news. With such a dearth of good news, the government bodies have had to create their own and time their releases (I discussed this PR tactic a month ago). Obama's news release of the appointment of Timothy Geithner as his administration's Treasury Secretary at the last hour of trading Friday was received favorably and stoked the markets up 6% after the ominous collapses to new lows on Wednesday and Thursday. Calculated? Sure, but it shows how easily manipulated the markets are.
Now, Obama is signaling a "far more ambitious" stimulus plan to restore the economy and market confidence. He'll use the next suspense-filled 60 days to hopefully keep the markets maintained so he gets his running start on January 20 to take responsibility for, at the very least, a market confirmation of a bottom.
Now, Obama is signaling a "far more ambitious" stimulus plan to restore the economy and market confidence. He'll use the next suspense-filled 60 days to hopefully keep the markets maintained so he gets his running start on January 20 to take responsibility for, at the very least, a market confirmation of a bottom.
Dear Transparent RE,
From March of 2000 when we officially announced Realcapitalmarkets.com we've been preaching transparency. Unfortunately not too many people paid much attention. They were too focused on doing deals and not whether or not the deal made sense. The success of Realcapitalmarkets.com would depend on whether or not people cared about their exit strategy past the day that they purchased their investment property and not just whether or not the brokers thought that it was a good gimmick. Why would you want a virtual data room, virtual deal room or electronic war-room past the first day that you were purchasing the property? I've actually had sophisticated pension fund advisors say to me, "we don't want to share that much information with the pension funds that we represent because then they'd be asking too many questions". My question is, "why would you not want all of your underwriting and due diligence documentation always available"? Whether you were the developer, operating partner, investor or lender, then what would be the negative to always having your finger on whatever documentation might be necessary for that next buyer along with that next buyers own investors and lenders? No one can purchase, lend or invest in any of your deals unless you can share that data with them. No one that's got a brain anyway's. Of course we're all looking for that next investor or lender that doesn't have a brain. That might sound insane but I've actually talked with investment sale brokers who told me that they were great at finding the stupid buyer. That sounds stupid doesn't it. I think that everyone can agree that the value of your property is the value that's paid if you're property has been marketed in the most professional way and exposed to the widest audience of the most highly qualified buyers. There is an argument that says that just before you take your property to market that you can hold a very quite period whereby you expose your property just to a small handful of recently proven buyers meaning that they were the top two or three bidders on the last 100 or so properties that are somewhat comparable to your property. Either way none of them can purchase your deal until you or they have completely organized all of your financial and other due diligence documentation. You can deploy RCM1's virtual data room for as little as $3,500, and for $1,000. more our professional design team will create a custom executive summary teaser from your marketing materials and then we'll blast that small handful of super qualified buyers and if that doesn't produce the results that you were hoping for then we'll blast your deal to the next best 1,000 to 2,000 buyers. You're probably wanting to at the very least see about having us host and backup all of your most key financial and other documentation. At least it makes it much easier and efficient to share whatever reporting you need for your investors and lenders each quarter.
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Hey Pat, good session today on twitter, learned some good things.
Just think how a stock may be manipulated on twitter in the future when someone has 500,000 followers?
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