JPMorgan
Record Filings Follow SEC Calls for Stronger Corporate Attention to Climate Change BOSTON, March 4 /PRNewswire-USNewswire/ -- Leading U.S. investors today announced that they have filed a record 95 global warming shareholder resolutions with 82 U.S. and Canadian companies that face far-reaching business challenges from climate change. The 40 percent increase in resolutions filed over last year is a first sign of the growing pressure on companies to disclose climate risks and opportunities in the wake of the recent Securities and Exchange Commission's climate disclosure guidance and other recent policy developments. Companies targeted in the 2010 proxy season include some of the nation's largest coal companies, electric power and oil producers; homebuilders; big box retailers; financial institutions and other businesses that investors believe are not adequately disclosing and managing potential climate-related business impacts. (See a complete list of the climate-related resolutions at http://www.incr.com/resolutions.) Many of the resolutions filed aim directly at core materiality ...
“Cash and Fetal”
Here’s a link to listen to an Audio Version of the report:
With stocks plunging into the close once again yesterday I was reminded of my absolute favorite line describing the current stock market mess. Mr. Jeff Macke, one of the traders on CNBC’s Fast Money who, when asked about the best positions for this market, responded without missing a beat with the words, “Cash and fetal.”
In all honesty, the 250 point dive that occurred in the last 15 minutes of the day probably was enough to send most investors not in a heavy cash position underneath their desks into the latter position described by Mr. Macke. Yes, I know that the bounce–reverse–retest pattern that is playing out is exactly what the Crash Playbook has been calling for. But, with things moving so fast and the action having become so violent, it is hard to stand ...
