Vegasjoe

Ken Shubin Stein's Stocks

Let's see: I heard him endorse AXP at $48, saying it should be at $70 in May 2008; also Winn Dixie was his awful to avrage pick.

Buffett's Gamble: $40 Billion Bet on Volatility

Buffett is statistically dead according to most mortality tables by 2019. So, maybe the next CEO will go to Wall Street, bake up some tranches of this CDS crap, and sell it with a shit eating grin to governments and sovereign wealth funds all over the world.

Memo to Warren: AmEx Preferred at 15%, Warrants at $12

So the Amex wide moat has a huge leak?

Buffet's Investment in Wachovia Is Unlikely

Being long Wachovia is very brave! Buffett doesn't buy black box investments, unless the ransom is so prohibitive that remaining shareholders are diluted into oblivion. LET'S SEE: Wachovia paid $25 billion for #2 Golden West; B of A's Ken Lewis paid $6 billion, the last 4 in shares, for Countrywide, #1 in the mortgage business. Commercial real estate is deteriorating. Look out below! Keep your CD's at less than $100,000.

Doug Kass's Killer Shorts - Barron's

Why is Kass not shorting WM, WB, and MBIA? He picked the wrong financials in going after AMEX and WFC.

Buffett: We Are Not in a Credit Crunch

Warren is immune to a credit crunch! He does appear to want to circle the dead carcuses in the dessert of the bond insurers.