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- Financials Have Bottomed? Readers Say We're Nuts [view article]
- Financials: How - And When - We Reached the Bottom [view article]
- Financials Future Still Uncertain [view article]
- The Calm Before the Next Bank Storm [view article]
- Scarlett O'Hara, Doris Day and Financial Market Tumult [view article]
- Apple: Dead Last In Exploited Horse Race? [view article]
- Speed with Which Financials Have Fallen Is Disconcerting [view article]
- Writedowns and Capital Raised by Financial Firms [view article]
- Speculation, Swaps and the Price of Oil [view article]
- Time to Exempt Mortgage Securities from Mark-to-Market Rules [view article]
- Financials Down 6.1% - Like the Days of the Tech Bust? [view article]
- NAR's Lawrence Yun Continues to Mislead on Housing [view article]
loading ...Recent IYF Articles
- Financials Have Bottomed? Readers Say We're Nuts
- Financials Future Still Uncertain
- Financials: How - And When - We Reached the Bottom
- The Calm Before the Next Bank Storm
- Scarlett O'Hara, Doris Day and Financial Market Tumult
- Financial Recovery? Time to Wait and See
- Citigroup Posts Large Loss, but Outlook for Financials Improving
- Apple: Dead Last In Exploited Horse Race?
- All Is Well , Madame la Marquise
- Speed with Which Financials Have Fallen Is Disconcerting
- Full List of Articles »
Financials: How - And When - We Reached the Bottom [view article]
That's a good point Your_Avid_Investor. ReplyFinancials: How - And When - We Reached the Bottom [view article]
DSB has convincing arguments. None of us have lived through such unknowns, we have recently beaten a couple of Great Depression records. Keep in mind, historically financial tsunami's land 2-3 years after market crashes.The comment from Shure which is a tad emotional but some nervousness is in order I suppose. Yes, foreigners are going to buy large patches of our infrastructure and the American average wage will be similar to other parts of the globe. Think Eastern Europe perhaps.
That part is not really scary, it simply sucks for 97% of the population which will no doubt figure this out and in the not so distant future. What is scary is that military and other national security secrets will go overseas. What happened in the mid nineties when the Administration permitted China to obtain missle technology for 'peaceful purposes'. Guess what? We now have 23 ICBM's from China aimed at the United States. Pakistan (our Al Queda buddies from the ISM) exported the know-how to nations like Iran. Yes, you get the picture. Best thing America can do now is go energy independent, accept the painful lumps and assure the world we will continue to service our debts and slowly repay them. To do that means the fact that inflation will be here to stay for a good long time and the over-all business environment will stink for many years. Reply
Financials: How - And When - We Reached the Bottom [view article]
I agree. The bottom has been reached. With fits and starts we move upward from here in the financials. Replyvestor
Financials: How - And When - We Reached the Bottom [view article]
This is a very misleading article. But I have to give it up for Tom Brown's brilliant timing. The article bases its assumptions on strictly stock meachnics and how stocks respond in extreme situations. We are in a very sad situation with equities, and our overall economic condition, especially in the financial sector. The equities within the financial sector got a big jolt that pushed them all higher. The question now is how well can they sustain their current levels. A lot of that is dependent on their abiliity for capital expansion. Unfortunately for them it is a diffucult road up from here on. Maybe a few more upward jolts the next few days, as investors interpret more bad news from the sector as the bottom of all bottoms and then drive their stock price higher. But, unlike investors in the last 7 trading days or so, those investors are going to be far and few in between. This will occur as the realities of the credit market will kick in. The effect of deleveraging inflated balance sheets will contract and constrict and choke anything that deals with the trading of financial instruments and severly punish everything that sits on a balance sheet that has anything remotely to do with leveraged derivatives and other financial instruments. In other words all the financial stocks are going to head lower. But that is not to say that clever, in fact, brilliant, (and deservingly so, well paid) fund managers such as Tom Brown are not going to have a field day obliterating the shorts and reaping the last bit of profits possible before the final curtain is drawn on them. ReplyFinancials Future Still Uncertain [view article]
nice stuff, banks are rotten holes of stinking flesh. run like hell. ReplyFinancials Future Still Uncertain [view article]
Fannie and Freddie are really troubling. As part of their mandate the government requires them to take on some mortgages that are riskier to fulfill their social responsibility. The market kills the stock making a capital raise all but impossible due to shareholder dilution. Paulson then comes up with the" bazooka in his pocket plan" promising taxpayers that if he has to use it the shareholders will be wiped out. He contends that he favors private shareholders investing in the GSE's. Yet, what shareholder in his right mind would invest in these businesses under the threat of being wiped out by the secretary of treasury under the guise of protecting the taxpayers. As a shareholder who lost a tremendous amount of money, it's frustrating to see 200 government auditors from OFHeo swarming over the GSE's books and saying their capital exceeds regulatory requirements by 20%,. Then the Treasury secretary says he;s sent in auditors to reexamine these same books- It's pathetic. Where were these regulators and the treasury secretary last year when the share price was still 70. All the issues were known then and discussed. Our entire government is in reactive mode. THey don't get in front of any issue. This is pathetic. Are these really the best leaders we can find?The same can be said for the late to the party SEC. All of a sudden after massive destruction of value they decide to enforce short sale rules- and they only apply it to 19 companies. What about eliminating shorting on the uptick rule. I'm not saying that shorts are wrong. I'm only saying that the same way I'm required to buy stock that really exists, a short should be required to sell stock that really exists. What is wrong with that? Reply
Financials: How - And When - We Reached the Bottom [view article]
PLEASE: I beg of you, if you want to tie housing to income, do it in monthly terms, like home buyers do. Long term (equilibrium) housing prices are a function of income, tax treatment of mortgage costs (interest, PMI) and mortgage rates. A $250,000 house costs a dramatically different price when mortgage rates are 12% than when they are 6%. A $1MM house becomes significantly more expensive when Congress caps the tax-deductibility of mortgage interest.To view it otherwise is a foolish "analyst mistake" repeated over and over by our innumerate journalists. Reply
Financials: How - And When - We Reached the Bottom [view article]
That's right, just keep watching your TV's people. America must have its next top model. ReplyFinancials: How - And When - We Reached the Bottom [view article]
I seem to have read somewhere that someone in Dubai is buying a large stake into GE .....and I am sure we will see much more foriegn ownership of our companies ......according to my ealier post , when your credit runs out , the last thing is hock your house ......and that is where we are now ....we can't really print any more money , we have flooded the world with printed money the last 8 years , and we do not earn more than we spend as a nation .......soooooo it's time to start sellin' the house and furniture .........and after that ??????? I guess we will have to sell our kids into slavery or something .....I know we are in deep sht when the credit dries up , and we have sold off all our assets .....oh well , we can enjoy ourselves watching our TVs ( made in china of course ) ReplyFinancials: How - And When - We Reached the Bottom [view article]
Is it possible to see merit in both Tom's case and DSB's? I think so. There is no diubt by traditional metrics banks are extremely undervalued, but it is impossible to leave out the general macroeconomic environment. If the Gov't end-up taking over/guaranteeing FNM and FRE, if housing continues to drop for for the next couple years, if the general process of deleveraging and defaults extends more broadly into other types of debt like auto and credit card loans, if the FED has to raise interest rates due to inflation....doesn't mean all of these things will happen, but any analysis of banking securities that does not take these risks into account seems flawed. Would love to hear Tom respond to DSB at some point.... ReplyFinancials: How - And When - We Reached the Bottom [view article]
No Bottom. this is a forever Depression. For our lifetimes anyway.The Globalists have no back up plan. Just cheap labor and use oil to ship it where it goes. Reply
Financials: How - And When - We Reached the Bottom [view article]
Bitter, bitter, bitter, bitter, bitter! I suppose Tom Brown considers himself one of the "fallen legends" who is about to be vindicated? Replydemand
Financials: How - And When - We Reached the Bottom [view article]
Oh, I knew it must be Bush's fault. What are you people with Bush Derangement Syndrome going to do next January? You'll have to start blaming everything on garden gnomes or water sprites I suppose.You can lay all this at the feet of progressives, winslow. I mean the original progressives back at the turn of the 20th century who gave us the Federal Reserve system and the income tax. They set in motion the economic forces that are coming to bear on us today. Reply
Financials: How - And When - We Reached the Bottom [view article]
Those who earn money, have trillions of dollars in their reserves. once they all move to a 'basked of currency' and their citizens reach 'consumer grade' we will no longer be necessary to fuel the global consumption.I think we are due for a bounce technically, financials are beaten down and it is quarter time so we will see another 2-3 months rally of sorts. There is one glimpse of good news: investment banks are not borrowing as much in the last month or so. I suppose they made enough money buying oil futures and then raising price targets, good for them.
I want to buy potash companies but a little nervous, also want to buy some bulk shipping companies. certainly don't think financials are a bargain. I would go to tech though I think tech has been getting sold for such a long time and I think it is a sector that has a chance of survival especially tech services type not the hardware types. Reply
Financials: How - And When - We Reached the Bottom [view article]
The entire financial fiasco lies with the Bush ideology. No other politician would have made these major miscalculations The last seven years have been a disaster in virtually every area of American life (except for the many corrupt CEO's) Reply