Wachovia Corp. (WB)

All Comments on WB

  • commenter
    SugardadHarr
    y
    Oct 09 01:02 PM
    Options Trader: Thursday Outlook - How Much More Disappointment Can We Stand? [view article]
    Cramer is a bright guy, but has achieved God status in his own mind. Nobody has ever successfully achieved Guru status to the point they can call markets. Remember Cramer's declaration in July that the marker bottom had been reached? He has a big following because CNBC is the place for business news on US cable. Yet he didn't know all the bad news that was happening behind the scenes at Lehman Bros. and the banks, etc. So his followers who bought then got burned.

    Now he's become a technician all of a sudden, and predicted we'll see 8000 on the Dow, as well as telling his sheep to sell. I think in this case he can be much more influential. The panic he's helping to perpetrate is based on nothing but technical analysis, and technical analysis has merit if enough people believe in it.

    Did you ever watch one of the STREET.COM interviews on video where a young lady interviews Cramer? I've seen a lot of them. In every single case, Cramer interrupts her question before she is half through asking it and starts his dialog. That's the mark of someone whose full of himself. I did notice on the Today Show interview October 6, he was polite and patient while he made his gloom and doom predictions.

    Like the rest of us, Cramer just doesn't have enough information to predict the future. He should stick to his Fundamental analysis which he's good at and quit playing God.     Reply
  • commenter
    davemcc3300
    Oct 09 12:51 PM
    Crazy P/E Ratios [view article]
    Yikes: These low-PE company look like some of the best investments out there right now ... including WB. Reply
  • commenter
    junkyarddog
    Oct 09 12:21 PM
    Options Trader: Thursday Outlook - How Much More Disappointment Can We Stand? [view article]
    It's interesting that the market's psychology was similar when oil was >$140 and people were cock sure it'd hit $200 soon. When the dust settled (albeit perhaps temporatily), more realistic values return to market.

    This time around I don't know what the DOW's "real" value is or should be. However, one thing is for sure: there's a lot of panic out there and as such it's hard to assess value on anything.

    If it goes below 9K I imagine a lot of people will take their 401K's out of stocks and move it to money markets, perhaps compounding the sell-off.     Reply
  • commenter
    Ishortyou
    Oct 09 11:47 AM
    Options Trader: Thursday Outlook - How Much More Disappointment Can We Stand? [view article]
    FED will buy Wachovia’s toxic loans in exchange for some interests to heal their books, Wachovia will become profitable from day to night and give the politicians a tool to exploit for the elections.
    Reply
  • commenter
    investor88
    Oct 09 10:54 AM
    Options Trader: Thursday Outlook - How Much More Disappointment Can We Stand? [view article]
    Agree setting a stop loss at Dow 9k is key because if it breaks decisively then we are staring at Dow 8k. The way the market is behaving it looks like Dow 9k is weak support, only a matter of time before it breaks. Reply
  • commenter
    User 276353
    Oct 09 10:34 AM
    @VIC: A Radically Different Context for Value Was Going On Outside [view article]
    Ackman said Wachovia may be worth $7.29 to $19.59 a share

    www.bloomberg.com/apps...     Reply
  • commenter
    Milt
    Oct 09 09:46 AM
    @VIC: A Radically Different Context for Value Was Going On Outside [view article]
    Hasn't hit the news yet but word at Wachovia this morning is that late Wed Fed agreed to take Wachovia bad debt and return them to profitability to end the Citi / Wells wrangling!!! Reply
  • commenter
    hownow
    Oct 09 08:59 AM
    Crazy P/E Ratios [view article]
    As GKW points out..

    Do not get excited, P/Es will rise all the way down and "Investment Groups" of many shades will scratch their heads.     Reply
  • commenter
    ywtnow
    Oct 09 08:57 AM
    Wachovia Dumps Citigroup, Merges with Wells Fargo [view article]
    how are they going to price wachovia with a split deal and no value on toxics? who gets mid atlantic and who gets toxics Reply
  • commenter
    nygiants58
    Oct 09 07:17 AM
    Latest On Hedge Funds, Banks And Bailouts [Housing Tracker] [view article]
    I can't believe all of this nonsense over AIG. IS EVERYONE STUPID! Obama made damaging reckless comments and didn't even look into the issue. The conference was set a year in advance and paid for by the marketing budget of the insurance companies which can not be tapped to pay back the loan from the FED and the FED loan money is not going into the insurance companies budget at all! Plus, the FED now owns AIG, even after AIG pays back the 100 plus billion dollar loan, the FED owns them. Why are we mad about a conference where 100 of their biggest clients were wined and dined by a 10 AIG employees that was paid for by the insurance companies? That is standard practice. The insurance company has a billion dollar marketing budget and needs now more than ever to keep their huge clients. The better AIG does the better tax payers will be when the FED sells the 79 percent interest later. Piling on against AIG is actually against every taxpayers best interest. We want them to thrive not go bankrupt you IDIOTS! Reply
  • commenter
    nygiants58
    Oct 09 07:16 AM
    Wall Street Breakfast: Must-Know News [view article]
    Oct 09 07:11 AM
    I can't believe all of this nonsense over AIG. IS EVERYONE STUPID! Obama made damaging reckless comments and didn't even look into the issue. The conference was set a year in advance and paid for by the marketing budget of the insurance companies which can not be tapped to pay back the loan from the FED and the FED loan money is not going into the insurance companies budget at all! Plus, the FED now owns AIG, even after AIG pays back the 100 plus billion dollar loan, the FED owns them. Why are we mad about a conference where 100 of their biggest clients were wined and dined by a 10 AIG employees that was paid for by the insurance companies? That is standard practice. The insurance company has a billion dollar marketing budget and needs now more than ever to keep their huge clients. The better AIG does the better tax payers will be when the FED sells the 79 percent interest later. Piling on against AIG is actually against every taxpayers best interest. We want them to thrive not go bankrupt you IDIOTS!     Reply
  • commenter
    nygiants58
    Oct 09 07:11 AM
    Wall Street Breakfast: Must-Know News [view article]
    I can't believe all of this nonsense over AIG. IS EVERYONE STUPID! The FED now owns AIG, even after AIG pays back the 100 plus billion dollar loan, the FED owns them. Why are we mad about a conference where 100 of their biggest clients were wined and dined by a 10 AIG employees. That is standard practice. The insurance company has a billion dollar marketing budget and needs now more than ever to keep their huge clients. The better AIG does the better tax payers will be when the FED sells the 79 percent interest. Piling on against AIG is actually against every taxpayers best interest. We want them to thrive not go bankrupt you CLONES! Reply
  • commenter
    scholastica8
    Oct 09 12:02 AM
    Crazy P/E Ratios [view article]
    Just bear in mind that Warren Buffett just bought CEG... one of those companies with the highest YTD% drops... & the 2nd highest in the list of P/Es.

    Granted, he has enough cash to weather anything... but his goal is to make more cash.

    As for the world's involvment protecting us from droping into single digits... a broader market, a supposed greater spreading of risk, has made for a much more volitile situation. It seems to have enhanced the fear rather than containing it.     Reply
  • commenter
    jcrash
    Oct 08 11:14 PM
    Crazy P/E Ratios [view article]
    Zoeey and tcal - Schillers data shows currently we are about at 15 or 16 based on 10 yr average earnings.

    Overcorrections to single digits as you propose do no happen in every downturn and actually only happen about 3 times in the last 90 years. One of those was the decade of inflation, one was the WWII era, and one was briefly during the depression.

    However, the greater macro trend you are ignoring is the greater participation in the stock markets. More capital chasing the same earnings means higher P/E's. So, if we get to single digits, I'd be more than shocked.

    Technically, 8000 on the Dow and 850 or so on the S&P looks pretty impenetrable.

    Boomers are committed at this point, if they take it out now, they are pretty much sure to miss the start up and then pile in to create one hell of a bounce. If they stay in, they will be committed to adding even more at these levels.

    Additionally, recent tax changes have created a large demand in college savings accounts. Those monies are relatively new and will continue to grow with acceptance. Finally, while you might think foreigners would desert us, the truth is that their is no substitute - no country with a better combination of innovation/security and size. This is quite in evidence this week with the turn in the Euro and the European banks.

    We will print up as much as it takes to keep the boat afloat and folks will buy it and be glad their money is safe in times like this. They cannot leave us in the bad times - they will have to wait and try it in the good times.     Reply
  • commenter
    jcrash
    Oct 08 09:33 PM
    Crazy P/E Ratios [view article]
    So, GKM are you saying P/E's look low or P/E's look high? Reply
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