Citigroup Inc. (C)
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- Economic Outlook: Bracing for a Rocky Road? [view article]
- Discover Financial: A Creditable Investment - Barron's [view article]
- The Problem with Hedge Funds [view article]
- Dow 'Dirty Dozen' Offers High Yields and Good Value [view article]
- Investing in the Housing Crisis Aftermath: Stock Picks and Pans [view article]
- Wall Street Breakfast: Must-Know News [view article]
- National City: Paying Customers To Close Credit Lines Smacks of Desperation [view article]
- Things Aren't Good - Fast Money Recap (9/4/08) [view article]
- Don't Buy These Bonds - Cramer's Stop Trading! (9/4/08) [view article]
- A Look at Post Click-Through Conversion Rates [view article]
- Why Big Banks Find Private Banking Difficult [view article]
- Year to Date Performance of Dow 30 Members [view article]
loading ...Recent C Articles
- Economic Outlook: Bracing for a Rocky Road?
- Discover Financial: A Creditable Investment - Barron's
- Things Aren't Good - Fast Money Recap (9/4/08)
- National City: Paying Customers To Close Credit Lines Smacks of Desperation
- The Problem with Hedge Funds
- Why Big Banks Find Private Banking Difficult
- A Look at Post Click-Through Conversion Rates
- Year to Date Performance of Dow 30 Members
- Dow 'Dirty Dozen' Offers High Yields and Good Value
- Islamic Banking in America?
- Full List of Articles »
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Disclosure from Financials? I Call B.S. [view article]
And what do various investors say? IF YOU DO NOT UNDERSTAND WHAT YOU ARE LOOKING AT DON'T BUY IT!!! Actually, I much prefer a certain Horror writer from way back that said in " The Case Of Charles Dexter Ward":" Do not call up that which you cannot put down." Reply
Financial Downgrades Down Markets - Fast Money Recap (8/19/08) [view article]
Ummm ... Potash and ALL fertilizer products ARE NOT commodities!! DUH! Good grief! Need proof? There are NO SPOT PRICES and there is no FUTURES MARKET on potash (the chemical). If an analyst is so uniformed to thing that fertilizers are commodities how can one take anything they say seriously? ReplyTiedeman
Finding Relative Value in Financial Services [view article]
All of your relative value plays go lower. The financials are melting down again.Stay away from all of these names. Reply
Financial Downgrades Down Markets - Fast Money Recap (8/19/08) [view article]
Thanks to Pete Najarian for hyping the puts - I love selling them! ReplyDisclosure from Financials? I Call B.S. [view article]
From the results of the most recent events I would say the banks could not disclose the information because it was so complicated that THEY did not even know the risk's otherwise they would have gotten out of them before it crashed - Generally speaking bankers are relatively consertive and don't take hight risks - Something happen to change that (too many new young inexperienced people who injected GREED in the system). ReplyWall Street Breakfast: Must-Know News [view article]
Until the banking crisis shows clear signs of ending, the overall stock market is unlikely to improve anytime soon. ReplyWall Street Breakfast: Must-Know News [view article]
"Wednesday August 20, 6:46 pm ET The banks are the three biggest players in the auction-rate securities market that have not already reached a settlement with Cuomo, who is seeking deals on behalf of regulators and state authorities. Five major Wall Street firms including Citigroup Inc. and Switzerland's UBS AG have agreed to $42 billion in settlements.For the next phase, Cuomo has directed staff to spend more time gathering facts and talking to the three banks about the sale of the risky securities, said a person inside the attorney general's office who asked not to be identified by name because he was not authorized to speak publicly."
www.prosefights.org/th...
[[t]he $330 billion auction-rate securities market ...]
MSM [aka corp/media according to george Ure] may be playing games with this story.
"The courts, in practice, can do anything they want for the reason their actions are invisible to the public. But citizens are generally powerless to do anything about it for the reason of the reason of unaccountability in this system.
"Newspapers don't report the news, they shape the news." quipped Libertad co-founder John Gowan.
Mark Twain expressed a similar sentiment when he wrote "Do not fear the enemy, for your enemy can only take your life. It is far better that you fear the media, for they will steal your HONOR. That awful power, the public opinion of a nation, is created in America by a horde of ignorant, self-complacent simpletons who failed at ditching and shoemaking and fetched up in journalism on their way to the poorhouse."
www.prosefights.org/
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Finding Relative Value in Financial Services [view article]
Certainly hope you're wearing shoes while you're out there wading around in the murky swamp of financials. Wouldn't want to see you step on anything nasty and squishy. Having said that, I'd be looking elsewhere...ITU (Brazil) Seems to be coming off a low and looks like it might have 25% upside within a 3 month period. It is also on an uptrend. Watch it though. Brazil has a lot of commodity exposure...But it also has a booming internal economy - unlike (err...hack..cough..) the US.
IBN (India). I'd let it come back up through $28, for what might be a potential double. (Don't buy it now... It's dropping again.) Although India has a lot of problems with infrastructure and barricading itself against outside forces, it could be a nice growth story.
I'd also look at a nice stop just below the recent lows on either..
jegan ;-) Reply
Biker
Wall Street Breakfast: Must-Know News [view article]
Having been in Macau last month, I second the comment that the idea will disappear.The opposite has actually happened for tourist visits to Disney Hong Kong. Typically a migrant worker in one of the border towns would have to return home to apply for a Visa to go to Hong Kong. With revenue not meeting expectations, the Chinese government worked out a deal whereby tour groups could go directly to Disney, but no where else in Hong Kong. (The other tourist sites are complaining.) Thus, avoiding the migrant the issue of going home first, where they would most likely stay put.
Money does talk! Reply
Disclosure from Financials? I Call B.S. [view article]
What freaks me out is how the Fed is accepting this paper against short term loans. No one! I mean no one else would do that.concisetrading.blogspo.../
ryan Reply
Wall Street Breakfast: Must-Know News [view article]
LVS and WYNN and MGM will throw a few dollars to their Chinese contacts and I have a feeling that the idea to curtail visits to Macau from 6 visits a year to 2 visits a year will disapear. Money talks in China the same as Washington. Continue to buy low and sell high and the gaming stocks are way too low now, (a great buy to hold) I'll sign my name Daniel Kowkabany ReplyDisclosure from Financials? I Call B.S. [view article]
Actually he said he couldn't find the figures for owned CDO exposure or totals for things like bonds puttable back to this or that issuing bank. Which are disclosed, he just didn't know where to look for them, and they are hard to gather at present.Accounting and disclosure won't ever eliminate the importance of exeutives on top of things and honest with investors, nor the role of analysts in determining earnings quality and the like. But they aren't garbage. Before they had their present form, companies routinely robbed public shareholders outright, in a hundred ways. Read the 1932 edition of Graham if you need any wake up on that score. Reply
Disclosure from Financials? I Call B.S. [view article]
Re JasonC's comment on the SEC's proposed digitizing of required data, I would note that while it may present the data given in a more orderly fashion, the vagueness (as suggested by the article's author) and incomparability of the data (interpreting accounting rules differently, for example) will make the expensive and complex SEC effort largely useless.In short, garbage in, garbage out. GIGO!
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Disclosure from Financials? I Call B.S. [view article]
Um, besides the 10-Ks of the banks themselves, all of the SIVs have to file. The details are in them.The reason you'd find it difficult to find more is they are spread over multiple filings, and you couldn't wade through them all and assemble the picture, unless you are a stock analyst or a CFA doing it full time, pretty much.
But suppose all the filings are machine readable, as the new tagged stuff the SEC is talking about, ought to be. Now someone writes a program to find all the securitization filings Citi is a party to, and grab specific numbers out of tagged fields from all of them, and dump them into a spreadsheet. In 10 seconds.
Machine readable disclosure will help. Not saying it is a substitute for sane finance by the bankers themselves, but it will help. Reply
Banks Scramble to Refinance Their Long-Term Debt [view article]
You are a doom and gloomer, Mike.The sky is falling.
Or banks and other financial institutions are doing what they always do in these times. They are riding it out. Right now they are getting bad deals on the debt. They will refinance as things turn. Maybe one of these companies will fail, but I doubt it. As time goes on they will start to turn the corner and will live to see the next FUBAR. CITI and AIG probaly got the most damage. It will be interesting to see how they play there way through this bad time. Reply