streetTRACKS KBW Bank ETF (KBE)

All Comments on KBE

  • commenter
    Pent up
    demand
    Jul 22 04:29 PM
    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
  • commenter
    pooramerican
    Jul 22 04:20 PM
    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
  • commenter
    winslow
    Jul 22 04:19 PM
    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
  • commenter
    shure46
    Jul 22 03:12 PM
    Financials: How - And When - We Reached the Bottom [view article]
    we are reaping the results of counterfeiting 2 trillion dollars ...it's gonna take a while to absorb all that paper ....and of course the problem now is that we better not print any more ......so we have a few years of actually having to earn money instead of printing it ....which of course brings us to the next problem .....we don't earn money !!!!!!! China and Saudi Arabia earn money ....we print ......we cannot print forever ....soon the ink will cost more than a hundred dollar bill is worth .......just as a family cannot live indefinately on credit , neither can a nation .......and just as a family has to eventually hock the house ......so will this nation .....and real estate is the last thing to go before bankruptcy ......and if it were not for our military power , we would be up the creek right now big time ......unfortunately , the only solution we have now is to conquer the world .......in a global economy you must export more than you import .....and the only thing we export en masse is dollar bills .......oh , and I think a few american flags which are probably made in China .........of course there is one last ace in the hole for America .......the pope will have to loan us some money !!!!!!!! What , you think the pope visited the white house to talk religion ??????? George was hittin' 'im up for some dough !!!!!!! We certainly can't go on another printing spree , that's for sure ........ Reply
  • commenter
    Back & Fill
    Jul 22 03:12 PM
    Financials: How - And When - We Reached the Bottom [view article]
    robertredford - Meridith has been spot on during this entire banking sector collapse. Also, 3 days does not make an investment. Wait until the fed gets done propping up the bank shares so they can finance themselves. I would call that a perfect short on the BKX. Reply
  • commenter
    Emerald
    Jul 22 03:01 PM
    The Calm Before the Next Bank Storm [view article]
    This market is definitely a bear market bounce and the trend is down. However, the best money is made if you dollar cost avarge into financials and have at least a three year time horizon. Money can be made in dooom and gloom. Reply
  • commenter
    autboy
    Jul 22 02:58 PM
    Financials: How - And When - We Reached the Bottom [view article]
    LOL! debtacid: 1929-30 sure was quotable.

    But DSB has touched the central nerve: how much betrayal of essential trust can a market endure and still hope to prosper. I am often struck by the conservative obsession with getting the government off the backs of businesses so they can create value, jobs, and provide more opportunities for wealth etc,. But seems to me that lays a responsibility on businesses - in this case the financial sector - not to operate so recklessly that government intervention is the only way to prevent collapse. How can anyone observing this situation from the outside rush back in to invest in companies that have behaved so irresponsibly?     Reply
  • commenter
    themortgaged
    ude
    Jul 22 02:55 PM
    Financials: How - And When - We Reached the Bottom [view article]
    He's wrong. Just dead wrong. The poster who posted about housing reverting back to 2.5 times income is spot on. We're not there yet and until we are problems will not stop. Reply
  • commenter
    Tom Brown's
    Intern
    Jul 22 02:48 PM
    My Website
    Financials: How - And When - We Reached the Bottom [view article]
    Buyitcheap, agreed. Financials have the potential to apply "claw of death" to anyone betting against them, until the next round of bad news.

    Go to ibankcoin.com for some reality. Do not let children near the computer.

    Reply
  • commenter
    buyitcheap
    Jul 22 02:43 PM
    Financials: How - And When - We Reached the Bottom [view article]
    consider too that we could just be in the midst of a major rotation out of oils, commodities, and into the beaten down sectors, financials among them. That doesn't mean an uptrend is permanent, but the increasing volumes would likely drive prices higher. Reply
  • commenter
    tk6910
    Jul 22 02:24 PM
    Financials: How - And When - We Reached the Bottom [view article]
    Tom Brown is a hedge fund manager who invests primarily in financial sector. That makes him a biased salesman, not an analyst. Shame on Tom Brown for hiding his true motive. Reply
  • commenter
    urbansurviva
    l
    Jul 22 02:10 PM
    My Website
    Financials: How - And When - We Reached the Bottom [view article]
    Wonderful pipedream! Here's the reality: Housing loans over long periods have been 2.5-2.8 times household incomes. They have recently been as high as 4.5 times. As they revert to the norm (and may even overshoot on the downside) we'll be in what you'd call a Depression. Sadly, this is like calling the bottom in the summer of '29, I expect. Time will tell, but 7,500 on the Dow by Christmas seems a decent bet, although almost certainly before 2010. Reply
  • commenter
    Tom Brown's
    Intern
    Jul 22 02:06 PM
    My Website
    Financials: How - And When - We Reached the Bottom [view article]
    Tom, are you around to defend your thesis? Reply
  • commenter
    Charlie
    Stromeyer Jr
    Jul 22 02:04 PM
    Financials: How - And When - We Reached the Bottom [view article]
    You make some good points, DSB. I myself don't trust the ratings agencies which is why I try to follow credit default swap spreads as a sign of potential trouble.

    Also, according to the Bank for International Settlements (BIS), at the end of 2007 just in the OTC derivatives markets there was $596 trillion in outstanding contracts which was 8x the total value of all exchange traded financial contracts.

    Until Tom Brown can convincingly explain why there won't be more blowups with derivatives then we should be skeptical that a bottom for the financials has finally occurred.     Reply
  • commenter
    irondoor91
    Jul 22 02:01 PM
    Financials: How - And When - We Reached the Bottom [view article]
    Debtacid:
    Let me add one more up-to-date quote to your wonderful list.

    "This is far and away the strongest golbal economy I've seen in my business lifetime".


    -Our esteemed Treasury Secretary Paulson, Fortune Magazine, July 12, 2007

    (This couldn't have been much closer to the top and he neglected to mention the mountain of unservicable debt the "global economy" had been built on over the past decade)
    Reply
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