Wells Fargo & Co. (WFC)

All Comments on WFC

  • commenter
    axelrod608
    Oct 10 11:58 AM
    Wall Street Breakfast: Must-Know News [view article]
    Peppio - have a heart. Yes, the individual investor, on average, is way over their head. Sure, a few of us are still up 30% year-to-date, but most people who put their money, but more importantly, their FAITH in the system have been flushed down the drain. And while that is the logical consequence of playing a game one doesn't understand, it should not be construed that they are dumb. They have been defrauded. They are going to pay for the incompetence, greed, avarice and downright stupidity of a bunch of casino gamblers masquerading as financiers.

    I have friends and relatives that are getting wiped out. My old friends in my chevy hometown are probably going to see their pensions and benefits disappear. All because a handful of greedy politicians and financiers couldn't do business using sound business principles. They belong in jail.

    Unfortunately, it looks like the bystanders are going to take the hit, while the crashers walk away unscathed. It's not right. It's not fair. Then again, either is life. Only people can make it right, do the right thing. Too bad we don't have any of those kind of people in our Congres.     Reply
  • commenter
    Econ 101
    Oct 10 11:27 AM
    Wall Street Breakfast: Must-Know News [view article]
    When all the economists are saying we are headed for armagedon it might be a good thing. What other group has been more wrong?

    Reply
  • commenter
    Peppio
    Oct 10 11:10 AM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    hey, pockyclips, you are one of those who blame everything except yourself. Trading stocks is just like going into business yourself, if you do not manage your business well, you take the loss, how can you blame others for your failure ? If you can't take the heat, get out of the kitchen. Reply
  • commenter
    notsosmart
    Oct 10 10:53 AM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    the new motto printed on our monopoly money should read"TOO BIG TO FAIL,TOO MANY TO JAIL".I think the world learned a hard lesson about the good old usa as this toxic paper will hurt many & will be remembered for a long while. Reply
  • commenter
    User 218405
    Oct 10 10:49 AM
    Wall Street Breakfast: Must-Know News [view article]
    If there is any good news, then it would have to be that Morgan Stanley took a hit yesterday. They have been downgrading everybody else for the last month. I don't know why anybody would listen to a company that can't manage their own business. Unfortuantly the Cramers and Morgan Stanley's do more damage than good. Example: The Market was going up yesterday until some jackass downgraded General Motorist credit rating and the market turned around and went down almost 800 points. Was that necessary? Everybody and their brother knew GM was in trouble.
    Daniel Kowkabany     Reply
  • commenter
    axelrod608
    Oct 10 10:47 AM
    Wall Street Breakfast: Must-Know News [view article]
    Right on, Strike. And the terminally destructive actions being taken by B & P to reinflate the credit bubble will pop what's left of the financial ifrastructure like a balloon meeting a pin.

    Consider - a man closes his bank account , walks out with the cash. A man closes his hedge fund account and waits while the contractual time period elapses within which the hedge fund is required t pay - 4, 6, 8 weeks.

    Now, look at the hedge fund selling this week. They are raising the cash to pay back depositors who closed out 4, 6, 8 weeks ago. Guess what the selling will look like in November ad December.

    Happy Holidays !!     Reply
  • commenter
    Strike
    Oct 10 10:37 AM
    Wall Street Breakfast: Must-Know News [view article]
    Sorry, Seeking Alpha moderators, I hit the wrong button and reported yolosetodo for abuse instead of responding to his extremely logical and valuable recommendations.

    Yolosetodo, the fundamental problem since time immemorial (or at least for the past century) has been the arrogance of the American capitalist elite in continually claiming that theirs is the most beneficial form of capitalism in existence. It is as if Europe, with its free education, universal health care, superior infrastructure and superior products (Germany sells exports more than America despite having only one-third of the U.S. work force) didn't exist. The same applies to the U.S. financial system which is a giant Ponzi-scheme that depends solely on selling the nation's mounting debt to other gullible nations. The U.S. manufacturing base has shrunk 60 % since the end of WWII, and GM/Ford are both bankrupt.

    The problem is that Americans have gotten so used to flag-waving, anthem-singing and cheerleading that they actually believe their own B.S.. The sooner America learns from Europe the better.     Reply
  • commenter
    yolosetodo
    Oct 10 09:46 AM
    Wall Street Breakfast: Must-Know News [view article]
    In order to stop this depression, whoever gets elected, Is going to have to produce 3 million good paying jobs within the first 6 months or we are done.
    Infrastructure & renewable energy is the only way to do it.
    Lets improve our roadways & bridges, put all overhead utilities underground when possible, kick off wind generating power plants & solar plants in strategic states. Nationalize the airlines & auto industry & revamp them. Tax payers are subsidizing them anyways, may as well own them.
    Yes, a little socialism would not hurt. The same socialism we use for our police force, firemen, post office & teachers. Tax payer owned.     Reply
  • commenter
    Smarty_Pants
    Oct 10 09:37 AM
    My Website
    What Just Happened? [view article]
    I give Felix the 'Best of Show' award for headlines.

    I don't always agree with his analyses or conclusions, but at least he's not spouting off like he knows exactly what's happening (as most other market pundits do). He brings his lunchpail to work, writes what he's thinking and why, but usually admits that he may be wrong or just doesn't know.

    His posts probably get the most informed discussions because he presents ideas that people can debate in simple terms instead of just endlessly repeating "buy for the long term" without any basis in reality.

    Keep going Felix. If you can guess right 25% of the time you'll be doing as well as the talking heads on CNBC.     Reply
  • commenter
    turkeyeyes
    Oct 10 09:30 AM
    What Just Happened? [view article]
    Rest assured, the shorts will destroy MS and AIG over the next couple of sessions.

    By the time you realize you were wrong about the shorts it will be too late and more businesses will have needlessly failed....     Reply
  • commenter
    axelrod608
    Oct 10 09:21 AM
    Wall Street Breakfast: Must-Know News [view article]
    Bernanke is "a student of the Great Depression". Students like him are fond of pronouncing what was done wrong then and of THEORIZING what actions woulda/coulda/shoulda/... have made the situaton better (less worse ?).

    So what is happening in DC, NY and around the world is nothing more than a great experiment, based on assumptions that have never been proved.

    Is it a double blind experiment that will provide statistical significance of its outcome ? No. The only double blind are the ringmasters running the show.

    Can you fix a ?$40Trillion-in-losses problem wih a few $Trillion of taxpayers funds ? Unfortunately, we're going to find out. All of us. Whether we want to or not. Everyone on earth is being asked to pay for the greed and corruption of a handful of perps. And the folks running this experiment don't even want to put the perps in jal.

    Hello Dow 5 000. Goodbye retirement.     Reply
  • commenter
    Jersey
    Oct 10 09:20 AM
    Wall Street Breakfast: Must-Know News [view article]
    Damn, 9:20 and futures are down 411 ... take a breath and hold on tight guys Reply
  • commenter
    Jersey
    Oct 10 09:16 AM
    Wall Street Breakfast: Must-Know News [view article]
    I haven't sold a single share but I am considering buying a position in fruit of the lome Reply
  • commenter
    eddie64
    Oct 10 09:14 AM
    Wall Street Breakfast: Must-Know News [view article]
    Questions to Government:
    [1] Why would the SEC not reimpose the UPTICK RULE and indict NAKED SHORT SELLERS???? Assuming they do enforce the laws and are entrusted to ensure a fair market?
    [2] Why didn't the Treasury propose INVESTING $300 Billion directly into banks, so @ the 10-1 loan-to-capital ratio creates $3 Trillion to lend, liquidity would be solid and credit/lending would have become normal again? Costing the taxpayers 33% of Bailout????
    [3] What is the Governments plan to deal with countries no longer lending to US to fund our debt?
    [4] What is goverment's plan to deal with oil production being cut by our "less friendly" suppliers causing prices to spike back towards $200/barrel?????
    [5] What is Justice Dept doing to investigate, and indict all the Wall Street folks who caused this financial collapse, by exploiting enabling Legislation by their subserviant Congress????
    Let me guess: THEY HAVE NO ANSWERS!!!!!!!!!
    IMHO     Reply
  • commenter
    long_on_oil
    Oct 10 09:12 AM
    Wall Street Breakfast: Must-Know News [view article]
    It all boils down to market cap. If a company has 1 billion shares at $10 each it has a $10 billion market cap. If someone sell one share at $9 the entire market cap drops $1billion. This insanity is creating just that. If all of us would hold our shares and not be willing to sell at these low prices this thing would turn around. Don't let the shorts borrow your shares because when you do you are financing your own destruction.
    If that same company mentioned above had one share trade at $11 the market cap would increase $1billion (if only for an instant).
    The bad thing is when you sell and take the cash you are helping the government reduce the money supply by the amount of your loss. Good for the government ...bad for you. It sure controls inflation. Heck, we can buy shares now at 1980's prices. How's that for controlling inflation.
     Reply
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