sammyg123

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    • Mon Mar 17th 09:51 AM | Rating: 0 0
      Commented on:
      Two Dollars per Share, or an "Orderly Liquidation"?
      Bernanke & Co. are smart guys, but there are many forces in play that are outside of their control. Looking to the government for answers here, as if they can take public funds and just prop up the market, is not realistic. There is more bad news in the market place coming. 5 years from now, though, Soprano, you'll look like a genius.
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    • Mon Mar 17th 09:42 AM | Rating: 0 0
      Commented on:
      Bear Stearns: 'Remain Calm! All Is Well!'
      This is hardly capitulation - there are least a few more financial institutions that are going to fail. There is a leverage bubble in our financial system, and the first hole is Bear Stearns. There will be more. We are closer to the bottom, but the worst news is not out yet. There is more to come.
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    • Mon Mar 17th 09:11 AM | Rating: 0 0
      Commented on:
      Two Dollars per Share, or an "Orderly Liquidation"?
      If you must forecast, then forecast often. Eventually, Soprano, you will be right.
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    • Mon Mar 17th 09:10 AM | Rating: 0 0
      Commented on:
      Bear Stearns Buyout: Don't Panic - Initial Reactions Look Overdone
      If you have cash in large, heavily leveraged brokerage firms, do yourself a favor and move it out - especially if you have money in Lehman. They are over-leveraged and no matter what they say about how strong their balance sheet is, it's not. I wonder if they will tell the truth about their exposure to Carlyle Group, which fell right before Bear Stearns failed?
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    • Mon Mar 17th 08:53 AM | Rating: 0 0
      Commented on:
      Two Dollars per Share, or an "Orderly Liquidation"?
      And, I guess Joseph Lewis, the billionaire who bought 6% of BSC needed the tax write off.
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    • Mon Mar 17th 08:52 AM | Rating: 0 0
      Commented on:
      Two Dollars per Share, or an "Orderly Liquidation"?
      Lehman is going to scramble like mad to not be bought out for $1.99, the same cost, as it turns out, as the gland slam breakfast at Denny's. I'm not sure that the JPM's breakfast, BSC, is going to be digested all that well, but all's well that end's well. It's not a bad thing that these financial institutions are going to go under. It just means that the derivatives mess will be unwound. Counterparty obligations will be paid. Trust will be restored, somewhere down the road.
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    • Mon Mar 17th 08:36 AM | Rating: 0 0
      Commented on:
      4 Recommendations to Defend Against a Financial Armageddon
      If the company that you own is a financial institution, then you may not know exactly what they have. You may think you do, but they still may have things off their balance sheets, and their valuations may be incorrect. So, you may not know what they have.

      Also, commodities prices are up, and credit markets are frozen. This tends to put pressure on profit margins, since credit costs more and so do raw materials.

      Further, the next shoe hasn't dropped yet. It's raining shoes nowadays. If they are that cheap, and you have a conviction about it, then go for it. Buy more.

      And I do wish you luck.
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    • Mon Mar 17th 07:57 AM | Rating: 0 0
      Commented on:
      Bear Stearns Sold for an Embarrassing $236m
      So....counterparty risks unwind after the derivatives mess is cleaned up. gotcha. That's what I said.
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    • Mon Mar 17th 07:44 AM | Rating: 0 0
      Commented on:
      4 Recommendations to Defend Against a Financial Armageddon
      The Fed won't win this. It's about the economy. It's going to take a long time.
      View article »
    • Mon Mar 17th 07:39 AM | Rating: 0 0
      Commented on:
      Morgan's the Big Winner; Lehman in Trouble As Well?
      I quote: "As I wrote this week, the global liquidity crisis was brought on by bankers and the public ought to protect themselves by pulling their capital out of the market, which would send the system into crisis, forcing these bankers to sort out their various conflicts of interest and return us a legitimate capital market that is not controlled by debt market dependent financial services companies." - which is from the article that I put for you, Pah, above.
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    • Mon Mar 17th 07:33 AM | Rating: 0 0
      Commented on:
      Morgan's the Big Winner; Lehman in Trouble As Well?
      Apparently, us morons are right. Have a look at this, Pah:
      seekingalpha.com/artic...
      View article »
    • Mon Mar 17th 07:32 AM | Rating: 0 0
      Commented on:
      4 Recommendations to Defend Against a Financial Armageddon
      Tony, put your entire savings in Dow Futures. I dare you.
      View article »
    • Mon Mar 17th 07:28 AM | Rating: 0 0
      Commented on:
      Morgan's the Big Winner; Lehman in Trouble As Well?
      The destruction of Bear Stearns is constructive.
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    • Mon Mar 17th 07:24 AM | Rating: 0 0
      Commented on:
      Batten Down the Hatches
      This doesn't feel like the seventh inning at all. We aren't even through the worst of the ARM adjustments yet, which will end around the end of May. June might be the 4th inning or so. Right now, we might be in the first. Then, there will be all of the inevitable ramifications being played out in the market after the implosion that we are dealing with right now.
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    • Mon Mar 17th 05:53 AM | Rating: 0 0
      Commented on:
      Buying Bear's HQ
      It isn't unethical to short sell. It is actually an important part of the ongoing price discovery process of the markets. Selling corporations short which are staffed by criminals is ethical. It is also risky.
      View article »
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