CMCI Food Index ETF (FUD)

All Comments on FUD

  • commenter
    Think-About-
    It
    Jul 16 11:42 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    I'm not sure you are right to reduce their reported EPS by $265M for the reason given because they should have added the $265M to their provision for bad debt during the quarter. The net affect on EPS is zero. They just handled it differently on the P&L Reply
  • commenter
    Arohan
    Jul 16 11:32 PM
    My Website
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Hmmm Mr Lathrop, you talk about fundamentals of the sector but you do not care to discuss valuations. You may be right but only because you have short term outlook. Long term investors might wish to consider this as an excellent opportunity to buy Reply
  • commenter
    MARSROX
    Jul 16 10:45 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    I'm with Jimmy that a couple of the negative ETF's are appropriate in today's (toxic) economic environment. I own SKF and watched it dive today, although I wondered if it would rise up "green" during the usual late-afternoon sell-off. Along the way down I considered selling, but I couldn't think of a fundamental reason (besides taking profits and creating a taxable event) behind the bank stock increases. I only have these shares as part of a diversified portfolio so I didn't reach Max Pain levels today. I think it's time to buy more during the next couple of days. Historically, I had traded SKF with stops and have been "stopped out" on 10 point down moves that resolved later in the day back to where it started - or maybe higher. I wish I understood how to hedge with options.....So instead, I accept the volitility with an eye for the prize in the long run, but who would think that for no reason that I can understand, "financials" would have their biggest one day rally in twenty years! I missed the "All Clear" bell ringing for financials. therwise, oil moving down to the bottom of it's Bollinger Bands doesn't seem to me to affect the amount of foreclosures or rising credit card debt being "walked on by debtors". Of course, one positive for banks today was due to the plan to investigate persons instigating "naked shorts" and rumour mongering against the likes of Lehman, Citi and the GSachs. Wouldn't it be ironic if these bad people are found to be employed with ......Lehman, Citi and GSacks? Reply
  • commenter
    genesok
    Jul 16 10:24 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    The bank said its new policy of writing off home equity loans where payments were more than 180 days late, rather than 120, resulted in it deferring $265.0 million in charge-offs.

    Credit - Market Scan
    Wells Fargo Fares Well
    Miriam Marcus, 07.16.08, 6:35 PM ET


    On Jul 16 10:16 PM genesok wrote:

    > Why didn't any of the main media mention that the only way WFC "beat
    > estimates", lousy ones at that, was by changing the way they calculated
    > earnings! Otherwise they still would have been $0.49? Talk about
    > manufacturing good news and no one calls them on it.     Reply
  • commenter
    genesok
    Jul 16 10:16 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Why didn't any of the main media mention that the only way WFC "beat estimates", lousy ones at that, was by changing the way they calculated earnings! Otherwise they still would have been $0.49? Talk about manufacturing good news and no one calls them on it. Reply
  • commenter
    The Jackal
    Jul 16 09:27 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Every bear market has a rallies....this is one of them. We'll be A LOT lower in 7 months. In the meantime go long UYG. Reply
  • commenter
    sharp10
    Jul 16 09:19 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    WFC has big exposure in the California real estate mkt. Only time will tell how much write offs they will take. As I already see people stating that today's was a page turner, I'm sorry but when Citi still has about $1.1 trillion in assets off their balance sheet without knowing what kind of losses will be taken going forward, most banks are not a buy. Their business model is broken. Reply
  • commenter
    Wez
    Jul 16 08:24 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    WFC has got to be cooking the books, no way in hell they could be doing this well with their loan portfolio. I smell BS. Reply
  • commenter
    Emerald
    Jul 16 08:12 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Bear market rally here. I have traded the SKF and recently sold at 164. Wait for this rally to play out and buy SKF around 150. Buying WFC here for the long term is a good bet. Financials will bottom out this fall even though their income statements will struggle though 2009. [long C, WFC, BAC< CS and IBN]. Huge profits in financials if you have at least a three year horizon. Reply
  • commenter
    fatcat
    Jul 16 06:26 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    By the way Jimmy,congrats on getting such a good discussion going.Please post again soon! Reply
  • commenter
    fatcat
    Jul 16 06:23 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    I bought Wfc puts this afternoon...I am going to dance with the one that brung me...short financials. Reply
  • commenter
    User 7918
    Jul 16 05:56 PM
    Pork Demand is Hog Wild While Supply Squeals [view article]
    There are ETNs (exchange traded notes) that allow you to invest in the livestock commodity. The symbol is LSO. For more information go to the web site: elementsetn.com.
     Reply
  • commenter
    simjos04
    Jul 16 05:52 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Stick to being a lawyer. I think that we have a turning point. Look a the volume on the ETFs for financials on tuesday, at all time highs. Capitualtion with an exclamation. Granted we may need another quarter to move thru the write downs but, as Barrons claims, the real estate is at a bottom. Look for interest rates to rise in october after the focus shifts from real estate/financials. We cant exist without financials!!!!!! All this gloom has affected your judgement.
    Reply
  • commenter
    archman82011
    Jul 16 05:14 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    <<The page has turned. The WFC news this morning is a game changer.>>

    WFC simply said they weren't going to "suck as much" as the other banks this quarter. They said firmly that they now have 7 Billion set aside for bad crap thats coming down the pike.

    I don't care that they raised the dividend either. Thats called playing Wall Street and Main Street for a fool.

    Oh we are going to get a financial rally. No question. For those that are newly long or so pathetically underwater from listening to the cheerleading from the media, atleast you can make a few $$     Reply
  • commenter
    Matthew C
    Jul 16 05:01 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    SKF off 20% today.

    I hope you had a 5-10% stop loss in place.

    Financials and the markets could rally a few more days or weeks, and then back to SKF again. . .     Reply
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