Seeking Alpha

Billy Ford » Comments » BAC

  • Wall Street Breakfast: Must-Know News [View article]
    Its crazy how everyone keeps chanting "recession is over"..."recovery"..but yet retail sales keep steadily declining, week after week. Whats even crazier, is the simple fact that when discussing YOY, we are beginning to get into the time when things got really bad last year and we still are sloping down. Someone, anyone please enlighten me as to why we are so sure that this thing is over. Hey US govt, is the mind trick working yet..Just because you pump positive news into the media, doesnt mean people will feel all happy and go out shopping...oh thats right, they dont have a job, they cant
    Sep 01 08:28 am |Rating: +6 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    man o man...at least 1 article a day on how a bank has failed or is losing hundreds of billions, and the market just shrugs it off..they rally on some bs earnings report where some company laid off 30% of its workers to squeak by consensus. Not that i think the market should be predictable, but come on, this is beginning to be obsurd..Well it has been obsurd for a couple of months now. oh well, I will leave with my 2 cents...If you are long this market, you better be really, really, really careful, because 80% of this is smoke and mirrors, and sooner or later the truth will prevail.When that day comes, you better hold on to you hat, because it will be a long ride down...or maybe not, maybe the ones pulling the strings will continue to prop up this market forever with a bunch of bs
    Aug 06 09:43 am |Rating: +4 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    New home sales came in at 384K in June, up 11% from May, vs. consensus of 350K. Sales were down 21.3% vs. the previous year. The median home price of $206,200 was down from May's $221,600.

    Does anyone else see the problem with this statement. Up 11% vs consensus!! Who cares about consensus!!! This is the same magic show that corporations are trying to pull..We beat the street..YYAAAYY!...oh, by the way (in fine print) we are down 50% YOY...give me a break..Im surprised wall street is buying into all this BS
    Jul 28 08:36 am |Rating: +10 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Honestly, unless you are Goldman propping up the market, how can anyone feel confident in buying anything right now?? I truly dont see why the market is even contemplating moving higher. I am getting sick of the media just ignoring the glaring data that is showing we have a LONG ways to go before any recovery can take place. There isnt 1 thing that I can hang my hat on as positive. Retail- stinks and will only get worse. Housing- Horrible, and a 3% increase in starts wont come close to proving to me that things are turning around. Jobs-Come on, we get excited because we are now down to 500K...As unemployment heads even higher, you have to realize that on a percentage basis, in my mind 500K is equivalent to 650K or higher 6 months ago when you factor in the fact that the number of jobs kept creeps lower.
    Jul 17 10:37 am |Rating: +2 0 |Link to Comment
  • Why We Can't Take Mortgage Refinances to the Bank Just Yet [View article]
    Jay, I don't believe I mentioned in the article anything about "house as an ATM". I was mainly bringing attention to the fact that low historical interest rates don't always correlate to a wave of refinances. An increase in mortgage applications doesn't hold any water, and might not help remove some of the toxic mortgages out there like so many believe. This article also makes note that home values play a vital role in this process as well, just like you are pointing out. You may want to read again and try and digest what I am trying to say. I really appreciate your knowledge though in regards to correcting my mistake with the heterographic homophone. I forgot that this was an english blog and not a financial blog. Do you live in a glass house?
    Jan 15 12:08 pm |Rating: +1 0 |Link to Comment
  • 2009 Dogs of the Dow [View article]
    Great story. I wouldnt expect any theory to work when you have companies such as GM and C losing their balance on the edge of a cliff. I like most of those companies that you have listed there, but I still think that you have to be cautious with BAC and JP...They seem to be in ok shape, but I will be surprised if the financial sector has seen its worst days. They are relatively cheap looking forward, but you have to wonder will they be able to get back to where they were without as much leverage as before
    Jan 08 09:04 am |Rating: +2 0 |Link to Comment
More on BAC by Billy Ford
Comments by Ticker
Billy Ford's
Comments Stats
60 comments
Rating: 108 (139 - 31 )