American Express Co. (AXP)

All Comments on AXP

  • commenter
    CLH
    Aug 13 09:05 AM
    Financials To Resume Meltdown Momentarily [view article]
    Buy and sell--buy and sell is always a losing strategy--bull or bear. The ordinary citizen cant make money with short term trading.

    The last paragragh from BS is right on. Those who buy real estate mortgages will be rich some day. Those who buy and sell short term will die bankrupt.     Reply
  • commenter
    User 236687
    Aug 13 08:55 AM
    Financials To Resume Meltdown Momentarily [view article]
    In paragraph 1 you countered your own point with the short rule on rumors which will force another move by the SEC.I Still do not know what will come out of it down the road. 2.The consumer: I understand your point.However I feel that in august there is a need for them to spend for a number of reasons now that energy shows signs of retreating and that will help their mindset and that will get them out and into the stores.The bar is so low and we always under estimate the consumer and their need to spend on themselves and their children without including intangibles.It will slow but again the bar is about an 1/8 of an inch off the ground.3.This is a big one because as you know the reverse of this trade can make up the difference in a hurry with today's trading abilities.I think people like that will do just fine.I'll leave it there on that for now.The .22 move is to involved for me at this time to get into it,but it needed to be done @mer and not all are created equal.Others on the buy side have to be looking at this and knocking on some doors trying to get in at those prices.That is why nothing else has moved yet.Maybe more go maybe not after watching the problems in the eu .22 here is looking cheap if a small percentage pan out and the price declines level of soon.I think they do into the elections by the new year.4.I am close with you on number 4.just not that far out.My reasons are many.I"ll give a few.The rapid rise of foreclosure sales from the people that could not face reality combined with the same homebuilders and the hardest hit areas are clearing inventory very quickly now.The faster they go up the faster they move.Everyday more get dumped into and cleared where as before it was stagnation.That to me is a positive sign.The banks are taking the provisions ,recent run ups in some not included reflect it. If that countiues like this while the Gov has the tools availble.People will be able to come back in was stability in our political sytem sets in.Again,as you know the markets make the turn way ahead of it.Today's number just placed the bar even lower,which is good for an possible upside and a further downside in energy/costs.... Reply
  • commenter
    BS Detector
    Aug 13 08:39 AM
    Financials To Resume Meltdown Momentarily [view article]
    "...buy and hold has been a losing strategy."

    Has there EVER been a bear market where "buy and hold" wasn't a losing strategy? For that matter, is there ever a time when "buy and hold" isn't outperformed by any number of other strategies? The difficulty (some would say impossibility) is in selecting short-term strategies which, looking back over a longer term, have outperformed.

    "1. SEC protection against naked short selling ends now."

    And you don't think the recent decline in the financials is anticipatory of this rule change? Why do you think the effect isn't already priced in?

    Much of the rest I agree with, except one thing: the value of prime mortgages. The decline in prime, GSE-backed mortgages presents a huge opportunity for the well-capitalized, as the market has beaten down their values unnecessarily. Those who are able to keep large amounts of these assets on their books will be rewarded on the other side of this correction, as these assets will appreciate almost exactly as much as they have depreciated to date. The government has made clear that it will make good on FNM and FRE promises - where's the risk that has caused these assets to decline?     Reply
  • commenter
    Norm the
    Fed-up
    Aug 13 08:34 AM
    Financials To Resume Meltdown Momentarily [view article]
    Nice work Jason. I'm constantly the voice of dissention and usually disagree with these articles as sensationalism. Not this time. Whether or not I agree with your conclusions is immaterial. You gave us just the facts, son, and not too much in the way of conjecture. I applaud your honesty, lack of emotion, and reporting acumen. Kudos to you. I hope I see and will seek many more articles from you. Reply
  • commenter
    Bill James
    Aug 13 08:30 AM
    My Website
    Financials To Resume Meltdown Momentarily [view article]
    Until we change the lifeblood of our economy from oil, oil will dominate the economy. Amazingly a littel recognized fact is that the amount of oil available to be purchased (World Oil Exports) peaked in 2005 at 46.342 mbpd (http:// http//online.wsj.com/a...

    Since the deficit has grown to 3 times the deficit of the 1973 Oil Embargo. The consequences is unstable oil prices. By 2010 the rate of decline will likely be 8% per year.

    If we re-tool transportation and power generation, growing efficiency, we can make the corner. If we do not, energy growth is negative and will cause economic growth to be negative. seekingalpha.com/artic...     Reply
  • commenter
    ugh
    Aug 13 07:11 AM
    AmEx's Pain Likely Discover's Gain [view article]
    Frank -- We get that you love DFS. When did you get in (hopefully not last year!), and what's your prediction for 6 and 12 months for DFS? Reply
  • commenter
    StupidityAnd
    Greed
    Aug 12 08:22 PM
    Credit Makes the World Go 'Round [view article]
    The religion of consumption is imploding and good riddance to a society that thinks owning more things is the path to happiness. The whole system is a house of cards which is collapsing... slowly but surely. Reply
  • commenter
    User 172125
    Aug 11 10:33 PM
    AmEx's Pain Likely Discover's Gain [view article]
    Frank- One other thing that doesn't make sense about you... I read your bio and you said that you are a fan of Warren Buffet. Warren (Berkshire) is Amex's largest shareholder yet you are playing DFS. That seems a bit contradictory? Reply
  • commenter
    User 172125
    Aug 11 08:20 PM
    AmEx's Pain Likely Discover's Gain [view article]
    warelf- "rong headed" .....I'm laughing my ass off right now...

    Reply
  • commenter
    User 172125
    Aug 11 08:17 PM
    AmEx's Pain Likely Discover's Gain [view article]
    Frank- If you are not GreenCap then you have a verbal twin- you sound and post just like him....

    Anyway- moving on- DFS is growing by leaps and bounds I hear they just signed up Harry's used cars in Nebraska- and did some viral marketing and linked up with Maude's stereo shop next door!

    On a serious note- as long as default rates are increasing there is no reason to let your money float for another year when you can catch momentum on V. For example, just take a look at the charts over the last couple of months- plenty of action- but with a safety net. If all you did was trade on dips and rallies and took profits every on every 5 dollar move you could have done quite well for yourself.

    DFS will get a little bump from the MA/V settelement action. The lawsuit is going to trial in September. I still think this will settle this month (pre-trial). Now if that happens DFS will get a nice little bump. Is that the 'trick up the sleeve' frank- bullish on DFS because you think they will have a nice little bump this month??

    Frank- Let's say you are not Green Cap- what are a few of the other stocks you like right now?     Reply
  • commenter
    L.A.sunny
    Aug 11 03:30 PM
    Wall Street Breakfast: Must-Know News [view article]
    Re: Citi to buy back Auction Rate Securities;
    For folks who bought these through "Smith Barney" as a "Van Kampen" product It would be nice to know if these are included, since Smith Barney seems to be owned by Citi. Thanks     Reply
  • commenter
    warelf
    Aug 11 03:29 PM
    AmEx's Pain Likely Discover's Gain [view article]
    Both DFS & AXP will do very well in the long run and I like both companies, but looking at short term charge-off rates and concluding that DFS is the better investment is plain "Rong=headed"... Way too myopic to be considered decent analysis. The key difference between the two is that Amex has far more clout and can charge higher discount rates to merchants. It consequently has a much higher ratio of fee income to loan interest income. It will always be a much better business than DFS. DFS has a much higher reliance on securitizations than AXP for funding.


    Charge=offs through the cycle     Reply
  • commenter
    User 208427
    Aug 11 11:24 AM
    AmEx's Pain Likely Discover's Gain [view article]
    BTW, Amex cards are now issued by many banks... Reply
  • commenter
    celtic_bear
    Aug 11 10:53 AM
    Credit Makes the World Go 'Round [view article]
    Debt shmedt. Visa is about the WAY people buy things, which is increasingly with a debit card, and NOT about wether they use their credit cards or not. Even if people lay off their credit cards, they are using their debit cards more which is a win for Visa. The folks who lose when people use their credit cards less are CREDITORS, not Visa. Reply
  • commenter
    Frank Rong
    Aug 11 10:24 AM
    AmEx's Pain Likely Discover's Gain [view article]
    Morningstar is sure better than most of stock analysts, but I am not a fan of morningstar. they cover too many stocks and try to be expert on everything. Many of their research are flawed. Reply

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