American Express Co. (AXP)
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- Credit Card Defaults Are Just Beginning [view article]
- Comparing This Past Week to the '87 Crash [view article]
- Stop the Week, We Want to Get Off [view article]
- Quitting the Hedge Fund Game - Mark Sellers [view article]
- Buffett's Berkshire: 14 Stocks That Have Gone Up [view article]
- American Express Calls Investment Banks' Bluff [view article]
- Tactical Asset Allocation, Part II [view article]
- Dow Changes Since Last Time at 10,000 [view article]
- Still Bullish on RIMM - Cramer's Lightning Round (10/6/08) [view article]
- Corporate Bond Market Grinding to a Halt [view article]
- Banks Scramble to Refinance Their Long-Term Debt [view article]
- Year to Date Performance of Dow 30 Members [view article]
loading ...Recent AXP Articles
- Bond Expert: Wednesday Wrap
- Credit Card Defaults Are Just Beginning
- Comparing This Past Week to the '87 Crash
- Quitting the Hedge Fund Game - Mark Sellers
- Stop the Week, We Want to Get Off
- Tactical Asset Allocation, Part II
- Dow Changes Since Last Time at 10,000
- Corporate Bond Market Grinding to a Halt
- Buffett's Berkshire: 14 Stocks That Have Gone Up
- Options Trader: Monday Outlook
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Corporate Bond Market Grinding to a Halt [view article]
What I see is the result of companies that value thier assets as they see fit, not as the market does. That attitude and the legislation passed reinforces my point. John's scenario for AmEx would have only proved disastrous if the secured basis for thier financial instruments was not accurate. Tech lenders are not in these straits because they lent based on reasonable asset valuation. If AmEx did the same, then thier bond prices would rebound as the market confirmed the value of the assets backing them. Now over-valuation has been passed into law and paid for by the taxpayer, not by those who refused to abide by the laws governing finance. I would wish all finance professionals good luck on thier ability to assess debt for the next few years, but they'll probably be better of using a psychic.Reply
Corporate Bond Market Grinding to a Halt [view article]
How bad is the securitization market? Amex's fall back liquidity plan is to issue more securitization paper if they get shut out of the unsecured long term debt market.I also assume they are having trouble issuing commercial paper. What is the effect of that. Reply
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Corporate Bond Market Grinding to a Halt [view article]
Good post. The trends noted have implications far beyond bond prices, it means that AmEx may find it can not service existing obligations, not to mention, take on new ones. This same story is rattling the hell out of all commercial paper markets, bonds, and CDS. We have the makings of a collapse that could be far beyond the treasury and fed to manage. My call this AM to Paris was morose since the US markets are telegraphing black signals to EU on all fronts. They are starting to say the "bail-out" while necessary is NOT sufficient. Our office in Moscow is equally alarmed; Russia has little love for the USA, but its love of energy sales is legendary (and necessary) and anything that might slow the sales this winter has their attention. A currency wipe-out would slow energy sales. We should not expect too much if this bill is enacted by the House. I think this is a much longer story than many of us foolishly imagined. ReplyCorporate Bond Market Grinding to a Halt [view article]
In my above comment, I felt so strongly about what I wanted to say I never checked the spelling. Sorry. Kind'a like investors wanting to sell all their bonds and fogetting to check reality. ReplyCorporate Bond Market Grinding to a Halt [view article]
John, in all due respect, your comment on writing an obituary for the fixed income market is the kind that spreads unwarranted fear through the markets. You, of course, are not alone -- virtually all analysts and financial commentators are making similar remarks and offering dire opinions regarding the future right now. In 1932, rumors also spread among the populace, but at a much slower pace - still there followed the massive run on the banks. In 2008, dire opinions and rumors spread in hours if not minutes over the internet and MSNBC, CNBC, etc., Alpha, WSJ, etc., and. I believe, is a mjaor cause of countless invesotrs - sophisticated as well as novices -- in making totally irrational choices. Now, you may just be reporting the irrationality that is taking place, but then to extrapolate that bonds are facing a tfinancial armageddon not only overstates the situation, it contributes to further deterioration of the markets. Having said that, I never miss your articles and have learned much from them. ReplyBanks Scramble to Refinance Their Long-Term Debt [view article]
The government has certainly set the stage for new high- grade issuance. There's a tremendous amount of pent-up supply. ReplyBuffett's Berkshire: 14 Stocks That Have Gone Up [view article]
Everything down today. (Ah, but it's only one day, you say.) ReplyBuffett's Berkshire: 14 Stocks That Have Gone Up [view article]
agree with a lot users here all those numbers are not up to date and don t correspond to the buying prices.I have a lot of respect for mr Buffett but please do not write false information about his returns. ReplyBuffett's Berkshire: 14 Stocks That Have Gone Up [view article]
What happened to BRKA friday with close at 147, then open Monday at +/- 133? Any thoughts appreciated. Also, I had the misunderstanding that BRK got cheaper after Warren buys "stuff". When does the sale start ? Does Wrigley, Constellation and GS not constitute a spree? ReplyBuffett's Berkshire: 14 Stocks That Have Gone Up [view article]
I bought some CNB @ 3.50 and some @ 3.80, still up so far. look for small stocks with a future. ReplyBuffett's Berkshire: 14 Stocks That Have Gone Up [view article]
The article misses the whole point of BRK. They don't look at one month returns. They look at decades of ownership...THAT is the lesson! ReplyBuffett's Berkshire: 14 Stocks That Have Gone Up [view article]
Very disingenusous to show USG up 10%, when BRK bought their position in the mid to upper $40's ReplyBuffett's Berkshire: 14 Stocks That Have Gone Up [view article]
The BRK-WTM deal is to close in the third quarter I think. ReplyBuffett's Berkshire: 14 Stocks That Have Gone Up [view article]
BRK no longer owns WTM, FWIW. Sold shares back to the company a couple of months back. ReplyYear to Date Performance of Dow 30 Members [view article]
General Motors are still included in the list, This only proves that people are still interested in different cars. Which is nowadays, can be easily search in the internet if you want to buy whether it is new or used car just like in www.zibe.comReply