Unbeknownst to me, Denver Nuggets guard Allen Iverson has been looking to sell his 14,000 square foot home in Villanova, Pennsylvania for over a year now. (A.I. usually calls me about such matters. I thought I had his financial ear.)

According to the Wall Street Journal’s Private Properties column, Iverson has dropped the price to a "desperation deal" of $3.999 million — a million less than he paid for it in 2003. (/crunches numbers on calculator watch.) Yep. That’s not good business. The details, via Luxist:

The six-bedroom home is on four acres that include a pool house, stream and waterfall. The chateau-style home on Chateau Lane has four levels including a great room with floor-to-ceiling Palladian windows. The master suite has his and hers marble bathrooms, a coffee bar, media area and a veranda overlooking the grounds. There are four additional en-suite bedrooms and a separate guest quarters with a bedroom, living room and kitchenette. The entertainment level has a 12-seat movie theater, billiard room, and a lounge with a custom wood carved bar accommodating 200+ wine bottles.

If you’re interested in purchasing this perfect little getaway pad, you can check out the listing here.

If you’re seriously interested in purchasing this perfect little getaway pad, I could really use a new winter coat. Please share your riches. I accept Paypal.

Related: Allen Iverson

Opec ministers announce surprise output cut
Agencies
Published: September 10, 2008

Vienna: Opec leaders announced a surprise output cut on Wednesday, in response to falling oil prices.

Opec President Chakib Khelil said the group would cut oil output by about half a million barrels per day (bpd) from July’s level over the next forty days.

"I think if you do your own calculation properly, it will be a lowering of production by about 520,000 barrels per day," Khelil said.

Immediately after the announcement, oil prices went up by a dollar.

The decision to return to a production ceiling of 28.8 million bpd, which was in effect a year ago, was made after nearly five hours of debate.

Opec ministers were expected to leave the output targets unchanged.

Oil Investors Pulled $39 Billion in Futures, Triggering Decline

By Daniel Whitten

Sept. 10 (Bloomberg) — Commodity index investors, blamed for record oil prices, sold $39 billion worth of oil futures between their July record and Sept. 2, causing crude to plunge, according to a report to be released today

The work by Michael Masters, president of the Masters Capital Management hedge fund, blames investors who buy and hold an index of commodities for driving prices to records, and for their subsequent drop. It comes a day before the U.S. Commodity Futures Trading Commission is set to discuss its own study of energy trading with a congressional committee.

Masters testified three times before Congress this year, arguing that limits on traders would cut oil prices to $65 to $70 a barrel. He has been cited by lawmakers who introduced at least 20 measures to curb speculation. Congressional pressure on the CFTC to step up enforcement and restrict anonymous trades has pushed index traders out of their positions, Masters said.

“I don’t think it’s just coincidence that the money came out after the pressure was put on these folks,” Masters, who wants legislation that would set limits on index commodity holdings, said in an interview.

Crude oil futures surged to a record $147.27 on July 11, an increase of 53 percent for the year, on the New York Mercantile Exchange, then fell 26 percent to $109.71 on Sept. 2. Oil dropped $3.08 to $103.26 yesterday on the Nymex.

“The speculators that drove prices up basically deflated the bubble,” said Fadel Gheit, director of oil and gas research at Oppenheimer Capital in New York. “They said, `That’s it, the game is over. We are going to bet on another horse.”’

CFTC Report

The commission is expected to release a report tomorrow that will lay out its findings on the impact of index investors and over-the-counter trading on commodities. Regulators may require Wall Street banks to regularly disclose their energy futures positions connected to the unregulated swaps market, according to people familiar with the discussions.

JPMorgan Chase and Co., Goldman Sachs Group Inc., Barclays Plc and Morgan Stanley control 70 percent of the commodities swaps positions, and swaps dealers are the largest holders of Nymex crude oil futures contracts, Masters said.

Representatives for all four banks declined to comment. Banks enter into swaps with airlines and hedge funds to profit from moves in crude prices and then offset some of that risk in futures markets such as the Nymex.

“These large financial players have become the primary source of the recent dramatic and damaging price volatility,” Masters said in the report.

The commission has put out special requests for information from traders and imposed limits on the number of U.S. oil futures contracts a trader can hold on Intercontinental Exchange Inc.’s London-based ICE Futures Europe market.

Masters’s Critics

Critics of Masters’s earlier work said he lacks access to the data needed to draw his conclusions. His hedge fund is based in the U.S. Virgin Islands.

Walter Lukken, the acting chairman of the commission, is among those who question the validity of Masters’s data.

“Just as weather forecasters have no effect on the weather, energy speculators have no effect on the price of oil,” said Scott Talbott, a lobbyist for the Financial Services Roundtable, which represents investors. “His fallacy is that he ignores the laws of supply and demand, which determine the price of oil.”

Masters earlier this year reported that index speculators such as those that trade on Standard & Poor’s GSCI accounted for $260 billion of assets, up from $13 billion in 2003. As of Sept. 2 that number was down to $223 billion, Masters said.

“For the supply and demand people, what I would like for them to explain is how from the supply-and-demand rationale you could have oil at $95 in January, at $150 in Ju

Potpuno očekivano.
Ispod 100 dolara nebu išlo.
Pa to je uostalom izjavio jedan od potpredsjednika OPEC-a prije 10 dana.
Očigledno ga nisu bili ozbiljno shvatili

Futuresi u US jako idu u zadnjih par minuta gore.Danas bude US zelenio.LEH izgleda prodan za 6 bil Korejancima.Odlično i to se je očistilo.Danas budu išli10-20% gore,kak se tamo diže lova.

Ne. Lehman nije prodan Korejcima, čak štoviše, Korejci su odustali.
Danas Lehman objavljuje rezultate za treći kvartal.
Nominala im ne gine

Mislim da je,pogledaj.

"Shares fell early Tuesday morning following a report by Dow Jones that indicated talks between Lehman and Korea Development Bank had ended"
"In addition to a reported collapse in talks with KDB, a multi-week, highly public quest to get buyers for its Neuberger Berman money management unit has yielded no buyers so far."

Danas će Fannie i Freddie biti uklonjeni iz S&P500 indexa

Premješteno iz teme: Komentari trgovanja na hrvatskom tržištu kapitala

http://www.bloomberg.com/apps/news?pid=20601103&sid=anVdr65jJcEA&refer=news

Ne bu dobro …..
[cry]

http://www.opec.org/opecna/Press%20Releases/2008/pr112008.htm

Zaključci s OPECovog sastanka.

prije dva mjeseca kada je nafta bila 140 dolara napisao sam da će doći na 100 dolara i to je tu
isto tako predvidio sam da će odnos eura i dolara biti oko 1,40 i to je tu
isto tako napisao sam da će se tržište po0krenuti gore po završetku američkih predsjedničkih izbora (potpuno svejedno tko pobjedi) i to je skoro tu.
ovo ću ponovno citirati za dva mjeseca

Lehman je potonuo dijelom zbog špekulacija o prodaji Neuberger Bermana, svoje asset management kompanije, koja mu je ujedno i najvrednija imovina. Prodaja bi automatski značila i smanjenje kreditnog rejtinga i povećanja cijene kapitala. Navodno za cijeli Lehman je zainteresiran i Goldman Sachs.