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- GM on the Skids - Fast Money Recap (7/2/08) [view article]
- FAS 157: Blackstone and Its Banker Buddies Have It Wrong [view article]
- The Current Market Atmosphere: Easy Money Hard to Come by [view article]
- Metrics, Mortgages and Analysts [view article]
- The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't [view article]
- Lehman Rebounds as Market Plunges [view article]
- Wall Street Says 'Oops' [view article]
- Options Trader: Tuesday Outlook [view article]
- S&P 500 Stocks Furthest Above and Below Their 50-Day Moving Averages [view article]
- Are We Heading for a Dangerous Go-Round in the Credit Markets? [view article]
- Sell-Side Analyst Rankings: The Best of the Pessimists [view article]
- Morgan Stanley Makes Lehmanade - Fast Money Recap (6/30/08) [view article]
loading ...Recent LEH Articles
- GM on the Skids - Fast Money Recap (7/2/08)
- FAS 157: Blackstone and Its Banker Buddies Have It Wrong
- Lehman Rebounds as Market Plunges
- GM an Unlikely Hero - Fast Money Recap (7/1/08)
- Are We Heading for a Dangerous Go-Round in the Credit Markets?
- Fed Considers Making It Easier for Private Equity to Provide Bank Capital
- Wall Street Says 'Oops'
- Morgan Stanley Makes Lehmanade - Fast Money Recap (6/30/08)
- Private Equity in Hedge Funds: A Weird Combination
- Options Trader: Tuesday Outlook
- Full List of Articles »
A Critical Market Juncture (Again) [view article]
Again, how the hell would a clearinghouse get us out of this crisis? ReplyWritedowns and Capital Raised by Financial Firms [view article]
interesting the way they decided to change their accounting so that loans are not delinquent until 180 days instead of 120. Very shady.Also beware their black box of tier 3 assets. Reply
Writedowns and Capital Raised by Financial Firms [view article]
Good luck staying solvent with Wells Fargo. They are overextended in the worst real estate markets with a growing percentage of non-performing loans. Alt-A will finish them off. ReplyA Critical Market Juncture (Again) [view article]
Years ago, at the peak of their power, the NYSE Specialists might have been able to move a stock intra day. More often they profited by taking large blocks of stock when a stock halted and reopened lower and then feeding it out at higher prices.They also made money from the spread, usually 1/8 or 1/4.
Those days are long gone. Most NYSE listed stocks also trade in 8-10 other places. There are much tighter spreads and much less opportunity for the Specialists. Their last big payday was when the NYSE went public.
Reply
A Critical Market Juncture (Again) [view article]
Stocks are not bought and sold through a specialist system anymore. It is all computer matching of orders. If the specialist's had control LeBranch stock would not be in the toilet. ReplyA Critical Market Juncture (Again) [view article]
yes, what's this nonsense about a clearinghouse mechanism to mitigate counterparty risk of derivative contracts? sounds to me like it's more of the same BS....socialization of losses and privatization of gains.as for a palace coup at BAC...get real. that merger closes within days. and in any event, who would conduct the coup?
in grad school it was widely known that banks are among the dumbest organizations in a capitalist economic system. they've proven it. Reply
Wendling
A Critical Market Juncture (Again) [view article]
You cover a great deal of points that will have a negative impact on the broader marketplace but you forgot the most destructive element of the Stock Exchange and that is the specialist system that runs it. They have the ability to move the entire market or individual stocks and sectors as they please because of their unilateral contorl of the market place.To read more about their control of the markets and their ability to manipulate it to their advantages as well as my views as to how low the market will fall short term and rise long term click on the link to my website and read how specialists manipulate the market and individual stocks. It will cost you nothing except the amount of time it takes you to read the reports and articles.
Thank you
Richard Reply
Wendling
The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't [view article]
These are all good points but don't forget to think about the destreuctive force that the specialists who run each of these issues can put upon the stocks listed above. For more information on how they apply this pressure and also my thoughts about some of the issues listed above click on my website and read the free reports and corresponding specialist system information. It will cost you nothing except the amount of time it takes you to read the articles.Thank you
Richard Reply
- $32
Writedowns and Capital Raised by Financial Firms [view article]
ETFC current earnings estimates for 2011 are for $1.08/share.www.nasdaq.com/earning...
At a PE of 15 that gives you $16.20.
But this a low-ball estimate as ETFC is paying down their debt at an accelerated rate and this estimate also understates ETFC’s true growth potential as being the best on-line trading platform hands-down.
$1.08/share could easily double by 2011.
Now you’re looking at a $32.40 share price, or least something in between $16.20 - $32.40.
This target will be reached before 2011, of course, as the market tends to race to true valuations prior to actual earnings materializing.
Also AMTD & other companies interested in acquiring ETFC are well aware of how rapidly ETFC share price is going to appreciate and have a vested interest in naked shorting the crap out of the stock down to levels that would make a cheap buyout offer appear reasonable.
(THIS HAPPENS ALL THE TIME)
So either way, short-term ETFC gets acquired for a decent return for shareholders, ($8.00 - $12.00) or she doesn’t get bought and appreciates on her own upwards toward $16.00 - $32.00 over the next 18 - 24 month.
The naked shorties know what this company is going to be worth and they want as many of your shares as they can possibly scrounge.
Reply
A Critical Market Juncture (Again) [view article]
How can a "clearinghouse mechanism" serve to mitigate counterparty risk? Unless it mitigates counterparty risk by excusing it? Is someone going to do a review to see who wins and who loses if swaps are all defaulted, and then pick the winner via regulation? Replyknow
Writedowns and Capital Raised by Financial Firms [view article]
You’ve got to buy when everybody says "sell", and sell when the crowds say "buy". While watching the stock market and getting caught up in the dramatic rise in price and the buying frenzy, I asked my stock broker about Apple stock. He said it was a great buy so I bought 500 shares on 9/18/06 at $73.81 each or a total of $36,905. On May 14th 2007 my broker called and said the stock was up to $109.62, did I want to buy some more. NO way I said, too costly. Through Spring, Summer, and Fall of 2007 Apple stock was going through the roof; it was skyrocketing, it was Wall Street’s new favorite stock. I was really upset with myself because I felt like this express train to financial nirvana was leaving without me. I got caught-up in the herd mentality (sounds a little like the real estate market, doesn’t it?). On December 11th 2007 I frantically called my stock broker and told him to buy 1000 shares; I didn’t care what the price was, I wasn’t going to be left out of this market, these rising prices. The price was $194.75. In February and early March I was tired of the roller coaster ride and was ready to dump everything at about $120 a share; more herd mentality. I still own the stock, I like the company. Wells Fargo is a GREAT, well-run company that’s been around for 156 years. They have a well known and well respected brand name as well know world-wide as Coke and McDonalds. Sure, they are getting beat-up and will suffer additional losses due to the credit and real estate meltdown, but they will be left standing and strong, ready to gain market share from their competitors. I think Warren Buffet is its biggest investor and Wells Fargo & Co is his third most popular stock. I own some WFC stock and I’m not happy about its price reduction, but like Warren Buffet, I’m in for the long haul. When asked “When is the best time to sell a stock”, Warren Buffet answered “Never”. ReplyWritedowns and Capital Raised by Financial Firms [view article]
What conclusions did you draw from this? Comparing write downs to 'current' market cap only tells me that some stocks may well be 'beaten down' more than they should have, or is that some companies have taken more write downs and therefore are safer from further write downs?The facts as you have presented them are well known, and thanks for compiling them, but opining on their meaning would have added something to the bare recitation of facts you have presented for us to ponder on our own. Reply
Wendling
Writedowns and Capital Raised by Financial Firms [view article]
While this article tells you about the write downs of these firms they forget to highlight the most manipulative force behind the stocks declines and that is the specialist that runs it. For those individuals interested in my opinions as to where this issue will be moving in the short and long term go to the following site, bearfactsspecialistrep... and click on the stock reports section and read my opinions. It will cost you nothing except the amount of time it takes to read the report and any other information you find interesting on the site.Thank you
Richard Reply
Writedowns and Capital Raised by Financial Firms [view article]
well WFC is a huge crying buy, no wonder Warren Buffet likes it so much. Big safe dividend should we say , good management team if you believe Buffet = can t miss opportunity . If we don t take advantage of this fire sale we will regret it for the rest of our life. I expect a lot of blablabla like( falling knife ,more write off,not done going down etc...) ,sorry but in 3 years time you won t have any hair left on your head ReplyFinancials Buying Opportunity Close at Hand [view article]
As I believe Charlie Munger once said, technical analysis of this sort is an advanced form of dementia isolated to inhabitants of Wall Street Reply