Seeking Alpha

John Lounsbury » Comments » AXP

  • Banks Negotiate Watered Down Stress Results [View article]
    Cautious - - -

    Thanks for another comment which could be an article. I see you have started an Instablog. I've signed up as a follower.
    May 10 09:26 am |Rating: +4 -2 |Link to Comment
  • Banks Negotiate Watered Down Stress Results [View article]
    Paul_L - - -

    I read the article you reference in the New Yorker earlier this morning. Anyone reading this article should also read that. I addressed the same question in seekingalpha.com/artic... Also, there is an interesting comment stream on the New Yorker article at seekingalpha.com/news/...

    Paul, thanks for posting the reference. It adds another dimension to this discussion, although I disagree with some of the author's conclusions.
    May 10 09:10 am |Rating: +4 -2 |Link to Comment
  • Financial Company Default Risk [View article]
    How were these prices determined? I assume there is a record of transactions somewhere? If so, what volume of transactions have taken place recently and on what dates?
    Jan 10 23:13 pm |Rating: +3 -3 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Home sales fall and mortgage apps soar. Clearly refinancing. Can this make a significant dent in the option arm overhang we are facing over the next 3-4 years? Perhaps, but this situation will have to continue for many months to have an impact. In my circle of acquantances and clients, all the refinancing is from a higher interest fixed mortgage to lower interest fixed, so my micro sample does not conform to the option arm to fixed conversion.
    Dec 24 11:14 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Correction: not "quide" but "guide".
    Nov 14 11:49 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Rachael -

    Your "bear market bounce" comment is very correct. We will rally (rather than bounce) when investors start to regain confidence in corporate balance sheets and anticipate that the bottom of the recession is within six months. Neither is close at this time. There is strong support in the DJIA 7100 - 7300 area (7286.77 bottom on 10/9/2008 and 7161.15 bottom on 10/27/1997). If we go below 7000 on the Dow, there is no quide to where the bottom will be, because the next chart support is at 2365.1 (bottom of 10/11/1990). Collapse of markets to 1990 lows can only happen in the event of a depression that would not be called "The Great Depression", but would be "The Greatest Depression".

    I think that fiscal and monetary policy will succeed in preventing "The Greatest Depression". Thus, nominal DJIA in the 2000's is very unlikely. However, if we ultimately inflate our way out of the trough, how low will the Dow go in inflation adjusted terms?
    Nov 14 11:47 am |Rating: +1 0 |Link to Comment
  • The Case Against Investing in the Dow Industrials (For Now)  [View article]
    You could have made the 14,164.53 high on 10/9/2007 as the end of the growth cycle. It is true that the NASDAQ and S&P 500 showed their last top in early 2000, but you indicated you were discussing the DJIA.

    That being said, very stimulating article.
    Aug 04 13:11 pm |Rating: 0 0 |Link to Comment
More on AXP by John Lounsbury
Comments by Ticker
AA, AAPL, AAUKY.PK, ABAT, ABAT.OB, ABB, ABK, ABT, ABX, ACI, ACN, ACPW, ACWI, ACWX, ADBE, ADM, ADP, ADRE, AEC, AEM, AEP, AES, AET, AFL, AGG, AGN, AGO, AGQNF.PK, AGU, AHBIF.PK, AIG, AKCPF.PK, AKNS, AKR, ALGT, ALKS, ALL, ALTI, AMAT, AMD, AMN, AMP, AMSC, AMSWA, ANF, ANR, ANW, APA, APC, APD,
John Lounsbury is a
Top 10 Commentor
2020 comments
Rating: 4680 (5886 - 1206 )