Wall Street Breakfast: Must-Know News [View article]
So history repeats and it's back to the well for AIG! Is this to be a truly bi-partisan bailout for the long-suffering taxpayer to swallow? Obama has to out-spend Bush? Is there no end in sight?
Yes, the financials are getting slaughtered. Yes, many of these equities are trading at or near their 52 week lows. Yes, many of these are facing the delightful choice of insolvency or nationalization.
Are any of them really 'cheap'? When you're buying a deck chair on the Titanic, is any price 'cheap'?
Insider Trends in the Financial Sector [View article]
The financial sector is about as damaged as a drunken debutante at a frat party, and will take several quarters to recover from the lows it has yet to encounter... There has been no flood of insider buying; when insider buying begins in earnest (after the buy-outs, failures and mergers), there will be so much of it that no debate about it will be required!
Wall Street Breakfast: Must-Know News [View article]
Is this to be a truly bi-partisan bailout for the long-suffering taxpayer to swallow? Obama has to out-spend Bush? Is there no end in sight?
Why is failure not an option for this turkey?
Financials Getting Slaughtered [View article]
Are any of them really 'cheap'? When you're buying a deck chair on the Titanic, is any price 'cheap'?
Insider Trends in the Financial Sector [View article]
There has been no flood of insider buying; when insider buying begins in earnest (after the buy-outs, failures and mergers), there will be so much of it that no debate about it will be required!