Uncle Bill

Is Goldman Sachs the Trade of the Year?

No alpha here. Why did you write this, Mark? "I bought GS and made money"? Not a single bit of news here. Thanks.

Enron, Subprime and the Derivative Disease

Very, very nice commentary, Christopher. One question: Why do you believe the CP market will come back strong? Who are the buyers of CP, and why would they buy now with the SIV threat hanging over banks? Thanks for the effort.

Mean Reversion and Cheap Financial Stocks

Mark, where's the mean these stocks are reverting to? Is that as far as they'll go, back to the mean? Also, how do you figure your standard deviation and your mean? Finally, did you think these stocks would revert to the mean back in June? I'm interested in your approach -- this looks like good stuff.

It's Too Late To Short The Financial Sector

I notice that, in hindsight, you say there were two significant opportunities to short the financials. Why are you telling us now? Why didn't you post and tell us then? Right now, you say not to short the sector. Should we go long? You claim the group will outperform. Shouldn't that be the headline? Come on, take a stand.