NCC Forum Topics
- All Comments on NCC
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- The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't [view article]
- Global Financial Performance [view article]
- Banks Are Failing, So They Are Changing the Rules [view article]
- U.S. Bank Dividend Yields Revisited [view article]
- S&P 1500 Regional Banks Index Down 33% YTD [view article]
- Goldman's Hit List - Cramer's Mad Money (6/19/08) [view article]
- U.S. Credit Card Performance: More Deterioration in April [view article]
- The Second Wave of Bank Troubles [view article]
- Apple Hype Priced In - Stop Trading! (6/9/08) [view article]
- Wall Street Breakfast: Must-Know News [view article]
- Wall Street Breakfast: Must-Know News [view article]
- Prepare Yourself To Buy Financials [view article]
loading ...Recent NCC Articles
- Global Financial Performance
- The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't
- Friday Options Update: JPM, MDCO, HBC, DIA, IBM, SMH, NCC, RHD, AEO, SMH, IR
- U.S. Bank Dividend Yields Revisited
- S&P 1500 Regional Banks Index Down 33% YTD
- Banks Are Failing, So They Are Changing the Rules
- Regional Banking Woes Keep Getting Worse
- U.S. Credit Card Performance: More Deterioration in April
- Debt Datapoints of the Day
- Wall Street Breakfast: Must-Know News
- Full List of Articles »
The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't [view article]
Of the stocks listed above the worst performing is easily BKUNA. And who is the specialist for BKUNA? That's right, it's NASDAQ and doesn't have a specialist. I'm sure the NYSE listed names above would like to be down 95% over the past 12 months like BKUNA. Darn specialists!What's even more interesting than the stock performance of C, NCC, WM, BKUNA etc is the frenzied excuse making and conspiracy theorizing that so much of the investment community indulges in rather than acknowledge that they backed incompetent management. Reply
Global Financial Performance [view article]
The shorts are the only thing pushing Ambac down to the current levels. When the shorts scramble to cover, you will see where the true value of the stock lies. I must say, the shorts that are still in Ambac at this point have a pain tolerance that is much higher that the average investor. When they start covering, the current price of just over $1 is going look a little silly. When covering starts you are going to see a gap of around 25% to the up side. With out shorts, Ambac would be priced north of $5 right now, most likely around $12. If you are long, you really can not beat the shorts out, they are too strong. Some advice would be to dollar cost average your position and take advantage of the under weight price provided to you by the shorts. When they decide to leave, you will be very happy that you did.On Jul 02 10:12 AM Ishortyou wrote:
> In respect to AMBAC and MBIA, they need to keep and save all the
> cash possible including stop paying dividends, deleverage AGGRESSIVELY
> from all their risky liabilities specially those CDS-CDO's, RMBS-ABS
> of uncertain value, in order to remediate their book values, once
> their book values are sound they need to reinstate their triple A
> rating again to write new low risk public bond insurance business.
> They can also open or extend a line of credit to make sure to continue
> operations and dissipate doubts. This will also prevent further downgrades
> from rating agencies.
>
> They are already doing these, so it will take some time to deleverage
> their books from uncertainties and rewrite new business again. This
> coming back will be the best advertisement to recruit new clients.
> Reply
Global Financial Performance [view article]
In respect to AMBAC and MBIA, they need to keep and save all the cash possible including stop paying dividends, deleverage AGGRESSIVELY from all their risky liabilities specially those CDS-CDO's, RMBS-ABS of uncertain value, in order to remediate their book values, once their book values are sound they need to reinstate their triple A rating again to write new low risk public bond insurance business. They can also open or extend a line of credit to make sure to continue operations and dissipate doubts. This will also prevent further downgrades from rating agencies.They are already doing these, so it will take some time to deleverage their books from uncertainties and rewrite new business again. This coming back will be the best advertisement to recruit new clients.
Reply
The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't [view article]
I thought most stock trades were electronic matching: who has what to sell and who wants to buy over the internet. My brockerage firm acts this way. They get instant stock prices without going through specialist. ReplyThe Fed Is Banking on Hedge Funds, But Merrill Lynch Can't [view article]
Forgot to add: The NYSE Specialists are petitioning for a five cent spread. Talk about chutzpah! These Neanderthals should get a real job. Their argument is they can't make orderly markets as if they ever did. The fact is they want take a bigger piece of the risk-less pie. ReplyThe Fed Is Banking on Hedge Funds, But Merrill Lynch Can't [view article]
Sooner rather than later, the investment community, Wall Street, the Banking Industry, Congress and the Fed better understand we are in the 21st Century and the brokerage/investment banking model is dead and should be buried. Who needs them in the cyberworld? ReplyWendling
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
Banks Are Failing, So They Are Changing the Rules [view article]
So let me get this straight. First the banks are evil because they "couldn't wait to foreclose on people with their inherintly bad mortgages", and now banks are evil because they are "reclassifying&qu... and as a result less homeowners are considered delinquent? It sounds to me as if there will always be somebody that will be unhappy with whatever the banks do. Lets make up our minds already on what classifies as "criminal" and "unethical" behavior. Give me a break! Protect the shareholder or the homeowners? Its an easy call for all of the armchair quarterbacks that sit at home and read the financial news and feel "educated" on banking and finance, and who have a biased opinion. The fact is that if there were criminal behavior by banks in this climate, they would be called to the mat quickly by politicians showboating in an election year. Get over it. Banking is one of the most regulated industries in the country!The truth is that there is $94 Trillion in outstanding mortgaes, and this entire subprime debacle accounts for only $100 billion of it. I know that $100 Billion isn't small change, but compared to $94 Trillion it is barely a drop in the bucket, less than one percent! of that $100 billion, banks already account for some of that to go bad. That's why they alrady have in place foreclosure departments. The stocks and the market look the way they do right now because it isn't driven by facts, its driven by fear, greed, and people who blog and know little to nothing about which they write. Reply
U.S. Bank Dividend Yields Revisited [view article]
winslow, obama? government? not that hillary or john are any better. looks like the choices were larry moe and curly, or the facist the socialist or the communist. the gov has done well with: our currency? socialist security? education? infrastructure? defense? healthcare?...... maybe if they were chained as intended by our constitution and concentrated on what tiny amounts of legal authority the fedaralis are allowed we would not be in this mess. please do not whine about an organic constitution. it was written in the simple plain language of the day for all to understand. ReplyU.S. Bank Dividend Yields Revisited [view article]
i owned about 8500 shares of regions at the time of the amsouth buyout. luckily circumstances caused me to sell off 7000 shares to buy bhp,ngs,trma,silxf, and io. also to pay off a new home purchase. i sold the old home right after the first wave of housing trouble. i guess an angel was watching over my shoulder or lady luck was smiling. i wish i could say i had that much savvy but i was lucky. my remaining shares of regions are reinvesting. ReplyU.S. Bank Dividend Yields Revisited [view article]
Anonymous writer said buy banks last November. And they still publish this drivel? ReplyU.S. Bank Dividend Yields Revisited [view article]
An excfllent article in the July + August MOTHER JONES Magazine entitled "this was no accident-Wwo wrecked the economy- and why they work for John McCainThe article basically puts the blame at Phil Gramm's feet. It says that some laws he helped get passed in 1999. It was" a historic banking billthat decimated Depression-era firewalls between commercial banks , investment banks, insurance companies,and securities firms-setting off a wave of merger mania.
In Dec. 2000, he helped to get a bill passed called theCommodity Futures Modernization Act. It was written with the help of financial industry lobbiests. For starters, the legislation contained a provision-lobbied for by Enron, a generous contributor to Gramm-that exempted energy trading from regulatory oversight. I believe it also opened the door for all those Credit Defaukt Swaps that ultimately helped everything get so out of controll.
We will feel the results of this deregulation for years into the future. I've tried to give a summary of the article, but I'm afraid I haven't done it justice. Please chekc out the article for greater detail. Reply
Banks Are Failing, So They Are Changing the Rules [view article]
Nothing will change will CEOs and other executives get huge salaries and millions in stock options while their companies fall apart at the seams. Most CEOs also have contracts that allow them to receive millions in additional pay if they are fired for poor performance.Why doesn't someone regulate the pay of the CEOs that are driving these companies into the ground??!! Reply
U.S. Bank Dividend Yields Revisited [view article]
Winslow - You are absolutely correct - make sure you vote for Obama and he will make all your dreams come true except some of us may consider them nightmares.Oh yeah - gov't control is the answer for everything. Reply
U.S. Bank Dividend Yields Revisited [view article]
All of these institutions have commited a crime. The government needs to take a strong stance that nothing like this will ever happen again. Alas, we have a present administration that considers this "the normal business cycle". These financial firms are the conerstone of the US economy and we let them take all the candy in the candystore. Reply