Vanguard Financials VIPERs (VFH)

All Comments on VFH

  • commenter
    fxtrader07
    Apr 29 04:38 AM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    many "contrarians"... who pile into the banks at this point will find out that they were not really so much contrarian and not contrarian enough anyway, after all. financials are rallying quite substantially - so either there are pretty many "contrarians"... out there (besides some shorts who cover). Or it is not a contrarian play at all but just another rally to suck people into a false notion of a valuation bottom. The replies here reflect that pretty well. one or two agree with the author, while the rest is proudly waring their "contrarian" caps.
    you know what? a bottom will not be announced by the CEOs of GS, LB and JPM all talking of "the worst has passed". It will rather come when they are scared to stick out their neck with such hollow forecasts, when they are slashing staff left and right and when people wonder how these companies will survive at all or whether they will ever make some real money again. Then will a contrarian's bottom be in sight.
    And regarding "the market has discounted it all": Nobody knows what sits really on the balance sheets, not even the banks' ceos themselves, obviously. So how then can the market properly "discount" it? And after all, it ios a dynamic process. bank writedowns lead to cutailed credit which leads to a slowing economy, more unemployment and business failures and in turn more loan losses and defaults - voila, more writedowns.
    I haven't come across anybody who could predict the magnitude of that - not the smartest bull not the most credible bear.     Reply
  • commenter
    venividivici
    Apr 29 02:54 AM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    The fundamentals of these financial stocks are shocking. All of the smoke and mirrors games they played to inflate their earnings over the past five years or so are dead and buried. They are going to have to dream up a whole new set of games.

    And the bad news keeps rolling in. Just today the German banks have announced more huge writedowns. But I dare say this will be greeted as more great news by the pumpers and permabulls. IT'S A BOTTOM,IT'S A BOTTOM!!!! BUY BUY BUY FOR GOD'S SAKE BUY.     Reply
  • commenter
    noguru
    Apr 29 01:27 AM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    A good article, I personally think any sector is a bad sector for equities when "sell in May and go away" is 3 days off. I think when the economy rebuilds after the commodity bubble bursts everybody will seek the financials. I am hopeful to get into them in early July. Reply
  • commenter
    helplessobse
    rver
    Apr 29 01:11 AM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    I think the author is more right than wrong. Just look at the TECH bubble. As a long term holder of Telcom I'm still waiting for VZ and T to hit $60 again. Likewise GE holders wonder if the stock will ever recover. Yes, a bubble means a long term correction and so will the financials. Reply
  • commenter
    helplessobse
    rver
    Apr 29 01:11 AM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    I think the author is more right than wrong. Just look at the TECH bubble. As a long term holder of Telcom I'm still waiting for VZ and T to hit $60 again. Likewise GE holders wonder if the stock will ever recover. Yes, a bubble means a long term correction and so will the financials. Reply
  • commenter
    ari5000
    Apr 28 11:20 PM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    I'm sure what you say is true - but the Fed is on their side and we don't know how long they can hide these assets -- maybe years. Maybe not.

    Without full knowledge - people will buy and with government intervention -- they could put off a day of reckoning for a long time. Look how much debt the U.S. has racked up -- it seems it's only been in the last year where some consequences are actually being felt (via raging inflation).

    I somehow doubt there will ever be a true day of reckoning. The Fed would probably prefer to kill the bottom 90% through hyperinflation than defend the dollar and allow the casino owners to face the music for their reckless lending.     Reply
  • commenter
    Joe
    Apr 28 07:45 PM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    To some extent banks, etc. were functioning like casinos, to some
    extent geared only to something like gambling. Out of touch with the
    actual commercial / producing world.
    Visitors to casinos are said to arrive with $ 100 and leave it with
    $ 60, 40& thus lost. That is the average casino calculation, it could
    be even higher.
    If one takes a look at "assets under management" in banks balance
    sheets one gets sometimes a rough idea how the casino worked,
    at what percentage, so to speak. I would suggest to have a look
    at UBS, to name just one example for an idea how their wealthy
    clients were doing. And yes, in the long it is possible that people
    are sobering up. In the long run, depending on the learning curve.     Reply
  • commenter
    The Jackal
    Apr 28 06:43 PM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    Yes, I think financials are cooked / fried !!!! Management of these firms have no credibility. John Thain of MER says they won’t need to raise more capital, then a week later the CFO of MER says he wishes Thain would not have made that comment, one week after that they raise $2.55 billion via a perp pref’d…..what a joke. Then last week Thain said their dividend was safe ….yeah right. I bet MER slashed their dividend within the next 90 days. The management of all the financial firms have to make positive comments about the soundness of their business because they have to convince investors to buy their secondary offering, bonds, etc… to shore-up their balance sheets. The financials are broken !!!! This crisis is FAR from over. Reply
  • commenter
    Ryan
    Apr 28 06:12 PM
    My Website
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    Financials are in for some trouble. This is a case of "blood in the streets", yes, but not enough blood has been spilled. Expect a 20% haircut on current bank valuations before I'm willing to get in. Reply
  • commenter
    John Egan
    Apr 28 05:31 PM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    Interesting point about the dividends being a driver for purchasing. Hadn't considered that..

    Thx jegan ;-)     Reply
  • commenter
    texalope
    Apr 28 04:31 PM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    And you know this HOW? You provide no backup to your opinion. Why should I place any value on it. This article is a poor excuse for analysis. Hopefully this site will screen your writings before they let you publish again. Reply
  • commenter
    blah-blah
    Apr 28 03:27 PM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    I have been buying financials all through this and would buy more if I were not loaded up. It's nice to see an article like this - so much of the fear has disappeared lately - I was starting to get worried.

    If people aren't scared, I shouldn't be buying.     Reply
  • commenter
    The Div Guy
    Apr 28 02:06 PM
    My Website
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    You must be getting killed on your short investments to write a fear mongering article. I am still buying financials! Best of luck. Reply
  • commenter
    User 124901
    Apr 28 01:23 PM
    Financial Stocks: Where Will They Go Once Investors Sober Up? [view article]
    So do you have a time table as to when the banks will go under? Reply
  • commenter
    Ames
    Tiedeman
    Apr 28 09:55 AM
    My Website
    A Good Time to Cover Bank of America [view article]
    Some think BAC will be cutting its dividend. The same for WFC. Reply
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