the_pig_man

Profit from Obama's TARP 2 with Preferred ETFs

btw, 100% of PFF is not in the US. About 18% is
in Europe which has bigger problems than we do.
Better luck next time on your due diligence

Profit from Obama's TARP 2 with Preferred ETFs

Gee. sounds great, so long as Larry Summers is
willing to pick the taxpayers' pocket to pay your
preferred dividends for the next three years or
so while these guys run up trillions in losses

Multi-Year Bear Market Appears Ready to Return

The markets are overvalued by at least 20% on
a historical basis relative to fair value p/e of
15 X 2010 estimates of GAAP earnings. They
don't even get cheap on a historical basis until sub
6000.

2009 Is Looking an Awful Lot Like 2008

The central bankers have added so much liquidity
that we've got an echo bubble of 2008, no surprise.
Unfortunately, none of the underlying economies have
been fixed...the liquidity has all gone into the markets
rather than the real economies. US, China, UK........
same deal everywhere. It's pretty laughable that
anyone is interpreting any of this as a bull market.

Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund

>There are other CEF holding EM debt in local currencies (eg AWF), so EDD is not the only choice<

Utter nonsense...AWF is 86% US dollar denominated

Forget About a V-Shaped Recovery. Maybe a W. Or L. And What About $?

The dollar bulls are pretty amusing to still be disparaging other currencies. The world is flat and getting flatter,and the US has finally pretty much managed to bring itself down to the level of everyone else out there what with its gigantic bailout costs that will ultimately show up (or not show up) on the US balance sheet. Look forward to a game of "let's pretend" the bailout costs are off book even as Mr. Bernanke runs new fresh new batches of Treasuries on his printing press. The Chinese will now slowly but surely diversify their dollar reserves into other currencies and demand higher rates of return on US
paper due to its riskier balance sheet. Can you blame them? An era has ended. What hath Wall Street wrought?

Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund

Gladys....it's so low now, I think you'll kick yourself if
you sell it here. I'd wait for a bounce to $15 or so,
then sell it for the tax loss, and repurchase it 30 days
later and keep it for the long haul. At $13.35, it's
an almost unbelievable bargain. If it was a standard
open end mutual fund it would easily worth the $16.63
you'd have to pay for it today considering the long
term prospects and the distribution yield.

Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund

Based on the comment above, I rest my case.

Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund

One way to look at this is that this fund is the ONLY
way to buy emerging market debt denominated in local currency at a large discount to NAV. Certainly one cannot do this in Pimco's or Fidelity's open-end offerings. That being said, the discount is so large,
it is clear retail investors haven't the foggiest of idea
what role emerging market debt should play in their
portfolios management.

Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?

>I am very interested in how people think the markets will react to this when they open in Asia, Europe and the US on Monday. Anyone else want to take a shot at this<


Dollar down. Spreads vs. Treasuries narrow on every type of debt class for a while. Financials rally (to be
sold) Might be a watershed event for the credit
markets but not equities. Be eternally grateful if it is just the former.

Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?

>Fan-Fred shareholders are just an instrument for the govt. to keep the GSE's debt off the federal budget. Therefore unless the govt. wants to explicitly or implicitly assume all govt. debt. it has to maintain the shareholders.<


hmmm....not a bad point. Keep the shareholders
just barely alive enough to maintain the fiction that the debt is theirs alone. It could happen.

Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?

>You are a self-serving attention mongering twit. Wiping out the common stock would do more damage to the world then you could imagine<

When Paulson said 15 times in July his
first priority was to "protect the taxpayer", a light
bulb should have gone off in your head. Trust
me... Joe Six Pack is going to be so angry about
the debt losses he will be paying for, he's not going to
be very sympathetic to the shareholder losses.

Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?

SWRichmond essentially has it right. They are going
to dribble the losses into the US budget deficit
quarterly. Sort of a drip, drip, drip, where the
dollar is concerned as far as the eye can see.
We've really done it this time. If we aren't looking
at a 6-8% deficit to GDP sometime during Obama's or
McCain's tenure, I'll be happy to eat my hat.
Bush did a helluva job.

Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?

Gabe Borenstein is dreaming. Fannie Freddie losses
over the next 3 years will easily run to $200-300B.
Mercifully, the shares can only go to 0.

U.S. Markets in Early Recession Mode; Japan Already Discounting One

Looks like Japan small companies have effectively
crashed and sell mostly for below book value. Since
they are not dependent on exports, are they buys?