iShares Dow Jones US Broker-Dealers (IAI)

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  • commenter
    Aug 29 04:04 PM
    Naked Short Selling Ban [view article]
    you're mom taught you that... mm pretty abstract lesson.

    Reply
  • commenter
    Aug 28 10:34 PM
    Naked Short Selling Ban [view article]
    great article!! Reply
  • commenter
    Aug 28 04:12 PM
    Naked Short Selling Ban [view article]
    In an interview on CNBC a person that operates a share locator service said his business went up. Dah! You think that some of the nakeds were looking for shares to legitimize their short? Reply
  • commenter
    Aug 28 07:15 AM
    Naked Short Selling Ban [view article]
    I still believe in what my mother taught me - selling something you do not own is wrong. Reply
  • commenter
    Aug 28 06:51 AM
    Naked Short Selling Ban [view article]
    very nicely put. Reply
  • commenter
    Aug 26 08:21 AM
    My Website
    Credit Default Swaps and Trade [view article]
    I agree it's a little ridiculous to start pushing CDS protection on exposures involving receivables, but it isn't entirely bogus - maybe if you compare the financing costs of nonrecourse receivable financing relative to a short-duration CDS, you could get a better idea if there's some arbitrage or value creation in the process... Reply
  • commenter
    Aug 14 10:47 PM
    My Website
    Fannie and Freddie: When the GSEs Go, So Goes the Dollar [view article]
    Interesting, both BS Detector and Frugal both mentioned the US jobs market as critical to providing the ability to continue servicing a mortgage.

    Both agree that real estate values will continue to drop for the foreseeable future, Frugal calling bottom 2012 soonest, BS 18 months or mid 2010. Splitting hairs over a year is indeed interesting.

    However, what may be the more salient point or function would be to calculate the current debt load including mortgages of Americans in the bottom 90% income bracket by month, and then calculate this same groups total monthly earning power. What is the debt to income ratio? Then parse our mortgages individually to income. That chart would be most useful to at least understanding the scope of this problem. The top 10% will be fine unless the dollar outright collapses and those civil police others mentioned are necessary. A black swan event is now a very real possibility if not probability (any major geopolitical misfortune fpr the US could cause this now) but yet some would probably not recognize or understand the reality of the statement itself. It's happened in other countries it can happen here. And it will. But in some ways, this is better in the long-term. Our nation is no longer a free Republic as was founded in 1780. The good news is we have a hell of a lot of infrastructure, bright minds, hard workers, a phenominal military with scientific advantages, and plenty of food and good communications. We'll recover fast. The US govt is indeed just staving off the inevitable. I suppose elections and passing the baton to the next guy is more important then real leadership these days. Sad.

    We all seem to rightly assume jobs is important but job losses are accelerating. It's a different world. Any job of a cubicle work or desk-jockey for that matter can be offshored to other nations. This has happened and I assume will happen as long as government continues policies that do not help America be competitive. And what does the US offer the globe that it needs? Agriculture, metals and some medical. The US could accelerate jobs and exports through energy independence of all options, including drilling. But what do we see by the liberal dominated government as options? Windfall profit taxes, suing OPEC. Bailing out iBanks whom gambled and lost. Rewards for irresponsible managers at the top (chronie capatalism) supported by the corrupt on the Hill. No, the $US is not going to have a comfy landing. I guess we can all 'hope for change' yeah that will fix it all.
    Reply
  • commenter
    Aug 13 11:50 PM
    May Take Several Years for the Financials to Work Out Their Kinks [view article]
    Amid all the write downs there are two big positives for financial's 1) the steep yield curve as you mentioned 2) pricing power for risk. The last is under-appreciated. Risk capital is now scarce and finally risk is being rewarded - and the interest the spread the banks are able to exploit will widen. These two factors will have a synergistic effect and go a long way to mitigate the loss of volume.

    In this environment the strongest banks (WFC, USB, JPM, SNV) will print money while the weaker ones will sink as risk capital will flow to the strongest (and safest) players.
    Reply
  • commenter
    Aug 13 07:15 AM
    My Website
    May Take Several Years for the Financials to Work Out Their Kinks [view article]
    This is great news! Reply
  • commenter
    Jul 31 10:54 AM
    Just Another Day for 'Da Boyz' in the Hood [view article]
    Hi David,

    The video is one of the funniest I have seen in a long time. Thanks for including it.
    I, too, miss your charts.
    Reply
  • commenter
    Jul 31 08:43 AM
    Just Another Day for 'Da Boyz' in the Hood [view article]
    Great video!!!
    tom
    Reply
  • commenter
    Jul 31 08:41 AM
    My Website
    Just Another Day for 'Da Boyz' in the Hood [view article]
    How sad is this? From Bloomberg a few minutes ago:

    Wal-Mart said same-store sales in June rose 5.8 percent, the biggest increase in four years, as costumers spent the rebate money on discounted gasoline and food.
    Reply
  • commenter
    Jul 31 06:59 AM
    Just Another Day for 'Da Boyz' in the Hood [view article]
    Wow, David, I was really looking forward to seeing what you had to say about today. While I'm disappointed that I don't get to see any pretty pictures, i think you summed it up perfectly. Reply
  • commenter
    Jul 31 06:57 AM
    Just Another Day for 'Da Boyz' in the Hood [view article]
    Don't blame you David..I never saw such crap in 35 yrs of trading!! Reply
  • commenter
    Jul 21 04:02 PM
    Best and Worst Performing ETFs This Week [view article]
    And we are paying...? Oh, I get it.

    Actually, I like Bespoke's stuff. I was even going to sign up with them one time, but their site insisted I use PayPal.
    Reply