I keep seeing articles about insider trading. Recently, in the Supreme Court’s ruling on Dirks they state that “Absent some personal gain, there has been no breach of duty to stockholders. And absent a breach by the insider, there is no derivative breach.” Which, I think, implies that as long as the insider doesn’t enjoy giving away secret, confidential information it’s ok.
With three big social media stocks taking a nosedive this week, and drops in the S&P 500 and the Dow Jones Industrial Average, the market was on the move. Want to learn more? Here are a few things we’re reading this week.
What’s your favorite finance movie? Don’t have one? Impossible. Every Gainplanner has a favorite. From “Working Girl” to “The Wolf of Wall Street,” we’ve seen them all.
From Investopedia: An index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. The S&P 500 is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe.
The Onion might be satire, but there’s some truth to their recent story about Taco Bell.
There are a lot of sports metaphors in finance. How about one more? “Is it fun to have this much money to spend?”