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- Getting It Wrong: Analysts Contribute to the Current Downturn [view article]
- Stay Clear of Traditional Asset Classes [view article]
- FAS 157: Blackstone and Its Banker Buddies Have It Wrong [view article]
- The Current Market Atmosphere: Easy Money Hard to Come by [view article]
- The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't [view article]
- S&P 500 Stocks Furthest Above and Below Their 50-Day Moving Averages [view article]
- Are Consumers Going ‘Whoo Hoo’ Over WaMu’s New Campaign? [view article]
- Morgan Stanley Makes Lehmanade - Fast Money Recap (6/30/08) [view article]
- Writedowns and Capital Raised by Financial Firms [view article]
- Banks Are Failing, So They Are Changing the Rules [view article]
- U.S. Bank Dividend Yields Revisited [view article]
- WaMu's Atrocious Mortgage Servicing [view article]
loading ...Recent WM Articles
- Getting It Wrong: Analysts Contribute to the Current Downturn
- FAS 157: Blackstone and Its Banker Buddies Have It Wrong
- Morgan Stanley Makes Lehmanade - Fast Money Recap (6/30/08)
- S&P 500 Stocks Furthest Above and Below Their 50-Day Moving Averages
- The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't
- Writedowns and Capital Raised by Financial Firms
- The Current Market Atmosphere: Easy Money Hard to Come by
- U.S. Bank Dividend Yields Revisited
- Banks Are Failing, So They Are Changing the Rules
- White House Pushes Mortgage 'Covered Bonds'
- Full List of Articles »
Getting It Wrong: Analysts Contribute to the Current Downturn [view article]
It really comes down to this.Look at the Major Players in the Industry, like MER.
They have taken major hits.
WHY aren't insiders Buying? Reply
Getting It Wrong: Analysts Contribute to the Current Downturn [view article]
I believe that that the analysts have it wrong but I think they are way too optimistic. I think we are in the peak oil death spiral where people stop driving and flying, forcing huge layoffs which domino those who depend on auto/airline workers for their livelyhood. I don't think your average stock broker has a clue how much trouble is going to be caused by skyrocketing oil prices. ReplyStay Clear of Traditional Asset Classes [view article]
"and I want to distance myself as far from that trash as possible. "Mike.. I'm a newcomer to SA and after reading your articles here for the past few days I have already decided to "hook my (financial) wagon up to your horse" by continuing to listen to everything you have to say and acting upon your investment advice, at least in the areas that I am familiar with.
Now you are suggesting that you may bolt from SA and vanish?
Say it isn't so, or better yet give to those of us who are listening to you (but never comment) and who, like myself are actually putting money down on the guidance you give to us, a way we can continue listening to what you have to say.
Do you have a subscription newsletter?
(Bill in Washington, DC) Reply
FAS 157: Blackstone and Its Banker Buddies Have It Wrong [view article]
To "the only answer". I love it. ReplyGetting It Wrong: Analysts Contribute to the Current Downturn [view article]
notsosmart. you seem pretty smart to me. when hillary was still clinging it was like the mountain dew tug o war commercial. different flavors but all the same brand. still i retain hope that americans will wake up. Replyator
Getting It Wrong: Analysts Contribute to the Current Downturn [view article]
Nice article, but one stock the analysts will have it right in the very near future: (SOL) Renesola is an amazing buy for first thing Monday morning ... all the analysts actually love SOL...Even Zacks published this (see below article) 7 trading days ago about Renesola (SOL), when the price was bouncing around at about $20.
Zacks Rank in Industry 1 of 44... the best of all solars. Thats number one...
See Zacks' site.
This in addition to Investors Business Daily June computer ranking of SOL as the 4th best company (not just solars but the whole world, every company) to invest in... and in addition to Piper Jaffray's amazing careful on site research on SOL.
Piper Jaffray's article in June practically audited SOL, and its clean balance sheet, and they love it. They don't put their name on just any company.
Last week's drop was clearly a case of throwing the baby (amazing SOL) out with the bathwater to raise cash to feel good before the July 4th weekend... No news on SOL, just bullish: New rediculous cost of oil, and local and national governments worldwide jumping on the Solar bandwagon...
Note that SOL actually sells to other solars, and has a unique method of production and supply, recycling for creation of its product... a unique process and company.
I trust all three combined, Zacks, IBD, and Piper Jaffray.
Read this quote from Zacks last week:
"Through its history, ReneSola regularly adapted to changing market dynamics. The company is aggressively ramping up its polysilicon and solar wafer production capacities. Going forward, increased captive generation of polysilicon will improve its cost structure and enable wafer capacity expansions. Globally, rising solar wafer sales, along with escalating crude and long-term supply agreements, should collectively generate significant earnings growth. Buoyed by these positive factors and
impressive results, SOL increased its 2008 production
output and sales guidance. Accordingly, with a
bullish outlook and an attractive relative valuation, we initiate coverage of SOL with a BUY recommendation and a six-month target price of $24.25, representing 27.2% upside potential."
Note: today, at $13 SOL upside would be perhaps 40% ... Zacks published this above article 7 trading days ago when SOL price was much higher... other analysts have targets of $40, some at $55...
Time to run to your laptop and buy SOL fast... Reply
Getting It Wrong: Analysts Contribute to the Current Downturn [view article]
So, when analysts are pushing stocks up like they did in the Tech. Bubble that was okay because stocks were going up. But now, its not okay for them to be negative because stocks are going down.Everyone wanted them to be more truthful, yet, now you want them to shut up.
I suggest you find all the Bullish Analysts, make a list and at the end of the year, see how much money they made for you.
IMHO, I expect to see the DOW approach 9,000 by years' end. It will be that high because of the commodity portion in it. That's only another 20% drop.
Meanwhile, the S&P...... look for the Low's of the decade to be revisited.
I started investing almost 40 years ago. The S&P at 15 times earnings was considered to be very overpriced. After time of the "Nifty Fifty" Bubble, it took the Dow a decade and 12% unemployment to finally start a sustained move to the upside. The Dow was trading at Book Value.
Bubbles top out when there is complacency, Commodities are still "climbing the Wall of Worry".
"Blood in the Streets" was another phrase used as the time to buy stocks. That aspect is yet to come for the Financials. I will buy Citi when it drops to $8.00. Reply
Stay Clear of Traditional Asset Classes [view article]
Chindia's 3 Billion are buying up all the commodities they can get their paws on and there is nothing we can do about it. ReplyGetting It Wrong: Analysts Contribute to the Current Downturn [view article]
everything on tv or the net is agenda driven.when the dumb-dumber americans begin to think for themselves things may change. just look at our presidential options. talk about a decline of a once great nation.ok call me unpatriotic cause i say it as i see it. ReplyGetting It Wrong: Analysts Contribute to the Current Downturn [view article]
I find it rather curious that one brokerage house downgrades another while a bank down the street downgrades its neighbor. Then there is the contest between banks and brokerages downgrading one another. I find analysts opinions to be bewildering. All the while they are recommending stocks as being undervalued and as great buys the stocks are plummeting into the abyss. How much of all this pseudo information is agenda driven? ReplyThe Current Market Atmosphere: Easy Money Hard to Come by [view article]
Sure would like to know where you got that 180% loan!On Jun 28 11:20 AM Sarah P wrote:
> I totally disagree. Its never been a better time to buy.
>
> If you have been responsible & accually have good credit, there are
> a number of lenders willing to finance at favorable rates & terms.
> In fact, I have just closed on a single family home a few days ago,
> & Iam able to receive financing for over 180% of purchase price.
> The beautiful thing is- THIS PROPERTY WILL STILL CASH FLOW AFTER
> PULLING OUT ABOUT 100K!!!
>
> I LOVE THIS MARKET ALL OF YOU NAYSAYERS OUTTHERE!!! Reply
Getting It Wrong: Analysts Contribute to the Current Downturn [view article]
i keep saying-dont believe anybody re anything.all have their own agenda & are laughing on the way to the bank.this all is no longer a business but a game.its a vegas style situation only a little slower. ReplyGetting It Wrong: Analysts Contribute to the Current Downturn [view article]
Totally ........ analysts ........ support certain stocks in/on the news while they are shorting .......... kill stocks ..... then buy! Average joe is getting whiplashed by the analysts. Cramer says buy oi, week later sell oi. Analysts play a game with average joes money and laugh all the way to the "bank"......... ReplyGetting It Wrong: Analysts Contribute to the Current Downturn [view article]
The banks and investment banks (not much difference after repeal of Glass-Steagall) don't know themselves how to value what's on their balance sheet and off so the analysts don't have much chance. Quite comical to watch them all downgrade one another last week. Read "Trillion Dollar Meltdown". Even Goldman says it's more than that now. ReplyArbitrage
FAS 157: Blackstone and Its Banker Buddies Have It Wrong [view article]
mgv11 - quite true. there are no easy answers in accounting. the best you can do is to emphasize transparency and market-based measures, apply the rules consistently and let managers design their capital structures accordingly.left coast rick - i wrote my post the way i did for a reason. if you didn't like it, ok. i think the fas 157 rules are pretty clear and your framing of the interpretation issue makes you sound like steve schwartzman. i don't agree.
goodbadandugly - if the income producing properties are so attractive, then fund them so you can hold them. if you can't, you are stupid and deserve to incur whatever wrath the market wishes to bring upon you.
user 219640 - all i read is how it difficult it is to specifically identify mortgages wtihin these securitized portfolios. while theoretically you may be right, the issue still remains that you should be prepared to fund the mortgages if they can't be moved. otherwise, you are subject to the short-term funding whims of the market, which are clearly pretty ugly at present. the liquidity issue is separate and apart from valuation. if you can hold something valued at zero until it becomes non-zero, then you have addressed the most pressing part of the problem.
roger Reply