genesok

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3 Comments

    • Wed Jul 16th 22:24 PM | Rating: 0 0
      Commented on:
      Why I'm Committed to the UltraShort Financials ETF
      The bank said its new policy of writing off home equity loans where payments were more than 180 days late, rather than 120, resulted in it deferring $265.0 million in charge-offs.

      Credit - Market Scan
      Wells Fargo Fares Well
      Miriam Marcus, 07.16.08, 6:35 PM ET


      On Jul 16 10:16 PM genesok wrote:

      > Why didn't any of the main media mention that the only way WFC "beat
      > estimates", lousy ones at that, was by changing the way they calculated
      > earnings! Otherwise they still would have been $0.49? Talk about
      > manufacturing good news and no one calls them on it.
      View article »
    • Wed Jul 16th 22:16 PM | Rating: 0 0
      Commented on:
      Why I'm Committed to the UltraShort Financials ETF
      Why didn't any of the main media mention that the only way WFC "beat estimates", lousy ones at that, was by changing the way they calculated earnings! Otherwise they still would have been $0.49? Talk about manufacturing good news and no one calls them on it.
      View article »
    • Sat Jun 21st 00:50 AM | Rating: 0 0
      Commented on:
      The Hindenburg Omen: Crash Signal In Play
      The Gene Omen (flipping a quater) has a 50% success rate. Some may say it is twice as accurate as the Hindenburg Omen. I just checked it and there very well could be a major adjustment coming shortly! If correct, please put my Phd in the mail.
      View article »
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