Wells Fargo & Co. (WFC)

All Comments on WFC

  • commenter
    Stone Fox
    Capital
    Oct 08 12:40 PM
    My Website
    @VIC: Bill Ackman on Wachovia [view article]
    Brillian move by Ackman. Wish I'd had the capital to do the same. Reply
  • commenter
    Geoff
    Considine
    Oct 08 12:39 PM
    My Website
    Tactical Asset Allocation, Part II [view article]
    Oleg:

    QPP uses three years of data to initialize the model as the baseline input--but projections have been extensively tested out of sample over decades. Black Swans may exist that defy the model---no one did well with 9/11 or 1987 crash---fair points. I have written about testing for extreme tails in a range of articles if you are interested.     Reply
  • commenter
    Stone Fox
    Capital
    Oct 08 12:27 PM
    My Website
    Why Is Everybody Selling as Buffett Is Loading Up? [view article]
    Right now, you can buy his investments for less then what he paid. What do you mean you can't get his deals? Reply
  • commenter
    daytrader
    Oct 08 12:19 PM
    Wall Street Breakfast: Must-Know News [view article]
    first off.jlounsbury 59.that is the type of person who i have the utmost respect for!this man knows what hard work is.so do i.i rather break bread with this gentleman,if a lady please excuse me,then rich people who were born with silver spoons in their mouth.it took me 16 years;i did a total of over 28 years,working nights at ups,doing physical work,just to get the down payment on my modest condo.i salute you jlounsbury 59!

    second thing.with all the problems you listed eli,i believe this will be the longest&nastiest bear market of them all.

    just my opinion.the "experts" are on wall street&washington d.c.     Reply
  • commenter
    User 275960
    Oct 08 11:23 AM
    Latest On Hedge Funds, Banks And Bailouts [Housing Tracker] [view article]
    Zebra, your plase is some where else,not to try to scare the hell of us Reply
  • commenter
    axelrod608
    Oct 08 10:46 AM
    Wall Street Breakfast: Must-Know News [view article]
    J........59 Look how you dealt with the situation - you cut back, made do with less and responsibly dealt with the situation. At one point in my life I would have been homeless except for monthly checks from my father who was then in his 80's. It has been a long road back.

    Look how the government is dealing with the problem - throwing massive amounts of money in every direction. What do we know about the results of that ? World Bank economists studied every national financial crisis over a 30 year period. Their conclusion was that the length and depth of the ensuing recession was directly correlated with the mount of money the government threw at the problem to try to fix it. 100% of the time. No exceptions.

    20 years ago, the most expensive stock and real estate in the world was in Japan. They intervened in their financial crisis and bailed out all the banks. Today, 19 years later, you can still buy stocks and real estate at half - or less - than 20 years ago.

    Anyone who thinks the markets and real estate wll turn around in a few months and everything will be rosy again is just not paying attention to the lessons history teaches those who pay attention.

    And NOBODY in DC is paying attention.     Reply
  • commenter
    jlounsbury59
    Oct 08 10:07 AM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    Under water? It has happened before. I built my "dream home" in 1972. I owned the land and was able to finance the construction 100%, using the land value as equity. Within a few years, I am sure that the market value of the property was less than my mortgage, if I could have sold it, which was debatable .

    Because of the oil crisis I was having trouble meeting living expenses. The cost of driving to work and the cost for heating my home approximately tripled in a short period of time. All other costs increased dramatically. Inflation rates in the 70's moved well into the teens. My income did not keep pace.

    My family wore used clothes. We drove very little and had an old car. We went in the woods and dragged home firewood (by hand) so that we could use less heating oil. There were no vacations for five years. But never once did we consider foreclosure. We had a place to live and sacrificed everything else to protect it.

    I sold that home in 2004 for ten times the original cost.

    The current situation will also pass. We will come out the other side stronger. The pain may last for years. Government action may or may not help. Washing out the effects of shocks, in this case a credit bubble bursting, take time. Just remember, you don't hang the wash out to dry until all the detergent has been rinsed out.     Reply
  • commenter
    axelrod608
    Oct 08 09:34 AM
    Wall Street Breakfast: Must-Know News [view article]
    Upside down nation. Underwater. And it looks like the corporate-run government is doing everything it can to preserve the jobs of the casino gamblers masquerading as financiers and not lifting a finger to keep the solvent citizens afloat. No good deed goes unpunished.

    The nation will not recover without significant change. We need savings. Time to declare an end to taxes on interest and dividends. Time to tax debt. Really. The only way out of this mess is to require sound economic principles.

    And then there's our "government"... Trying to spend our way out of this mess is as futuile as trying to drill our way out of the "energy crisis".

    Finally, having watched this begin, noting all the dumb deregulation by both major parties that caused it all, how can any thinking American go to the polls and vote for a Republicrat ? The only truly insoluble problem in this country is the two parties in charge.

    No leadership. no morals, no ethics, no principles, and bad judgement. Just keep those campaign contributions coming from corporate America. If we do not fundamentally change our election process we will not survive. Campaigns MUST be 100% government funded with NO outside ads.

    We either get the lobbyists out of DC or we turn over the government to them. If we haven't already.....     Reply
  • commenter
    z06kenny
    Oct 08 09:23 AM
    Tactical Asset Allocation, Part II [view article]
    I am hoping to get some advice from you re how to get my QPP running on my PC.

     Reply
  • commenter
    tedstr
    Oct 08 08:55 AM
    Pay Little Heed to Economic Reports and Move On [view article]
    better than that...the real story is the end of the Wintel monopoly. Intel chips in Macs and dual operating environments means every PC owner lusting after a beautiful Mac now has no barriers to entry. This is why their laptop business is booming and a wholesale switch to Macs is on. The phones are a sideshow to this phenom.

    This is why Gates is retiring, Vista was an attempt to mitigate the damage by emulating an Apple interface, gone horribly wrong, and Balmer is gone nuts over MSN, his only lifeboat. Buy apple, sell MSFT     Reply
  • commenter
    Lilguy
    Oct 08 08:52 AM
    Why Is Everybody Selling as Buffett Is Loading Up? [view article]
    If I could get the deals that Warren has, I would invest too. Unfortunately, I don't have billions sitting around in my mattresses.

    This capital enables him to get extremely good deals--at the front of the line in terms of preferred shares, earning interest at rates unheard of for the "common man," and having an option to buy stocks below at or below current market prices when the long-term expectation (& Warren's only concern) is that they will go up.

    About the only way I can get that deal is to invest in BRK!     Reply
  • commenter
    I Should
    Know
    Oct 08 08:36 AM
    @VIC: Bill Ackman on Wachovia [view article]
    I'm long on WF and I'm not sure if I want their offer to go through or not. The Feds aren't going to cover or buy 100% of Wachovia's toxic loans and they probably have the most in the country just behind WaMu at #1 and Countrywide (B of A) at #2. If the incompetent dopes at Citi take Wachovia at a price higher than the Wells offer, Wells will have the opportunity to come-in and take the whole shebang 18 to 24 months from now. Buying Wachovia will not make the Citi higher-ups any smarter; they couldn’t run a 7-11 effectively. Reply
  • commenter
    Talkers
    Oct 08 02:32 AM
    Why Is Everybody Selling as Buffett Is Loading Up? [view article]
    Most talk. Warren walks. Reply
  • commenter
    Catskill
    Oct 08 01:45 AM
    Trust, Confidence, the Markets and the Federal Government [view article]
    I think the problem isn't the Democrats or Republicans - it's all about GREED...it's everywhere and our government didn't want to "regulate" how much profit a person can make, that's not a "democracy", well, GREED doesn't fit in either...anywhere. Regulations and monitoring these big corporations is a necessity, because without them we ALL suffer in the end. Reply
  • commenter
    MWall
    Oct 08 12:09 AM
    The Duplicitous Sheila Bair [view article]
    May be Sheila Bair wanted to help her new good friend, Warren Buffet, make more money. FDIC cannot be trusted as long as she is at the helm. Reply
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