Vegasjoe

Short Financial ETFs: Watch Out for the Fannie/Freddie Effect

How do you sell on Sunday? SKF is a buy now on Monday since it is way down; gov't has finished all socialism for now unless we become Venezuela, which is possible.

Lawrence Lindsey's Angry Fannie/Freddie WSJ Editorial

All of the Hawks, especially Greenspan, have become incredibly articulate since leaving government service. In the Greenspan era, many wonks on CNBC and elsewhere would decipher his musings before Congress as if they were interpreting the Bible Code. Many also forget Greenspan once worked for Charles Keating of S&L failure fame. Much of the fighting seems to be a struggle to ward off the welfare state slide our country has fallen into.

S&P 500's Best and Worst Net Income Change

So what is the point of this? Buy the dogs and sell the companies with real earnings? Many of the financials will never recover in share price for two reasons, namely, there ability to lever the balance sheet and party in SIV land is over, and exisiting shareholders in most cases have been diluted into oblivion.

More of the Same

Maybe the Arab sovereign funds will buy them all out and dilute all US shareholders into oblivion?

Rescuing the Drowning: $15B on the Way to Freddie and Fannie Mae?

Fannie and Freddie ought to change their names to Barney and Teddy
And when all the paper goes broke, Obama will wonder what joke
Was played on him to be President of a third world joke!

Financials Buying Opportunity Close at Hand

As I believe Charlie Munger once said, technical analysis of this sort is an advanced form of dementia isolated to inhabitants of Wall Street