malach hamovess

http://newyorkcrankyinvestor.blogspot.com/

24 Comments

    • ON: Wed Aug 27th 07:47 AM
      Commented on:
      AIG and the Lunacy of GAAP Reporting
      get it through your thick skulls: mark-to-market means mark-to-market: every investment contract made by AIG was made after the mandating of mark accounting. Every deal they went into had to maintain its value or generate a loss. If there is one thing we know, it's that they had no problem recognizing income from placing deals on their books - essentially benefiting from the mark before anything was actually earned. They took the fees when they did the deals; they ate like pigs at the trough.
      View article »
    • ON: Sun Aug 24th 22:29 PM
      Commented on:
      Obama Is Bad for the Economy - Barron's
      Clinton v Bush on the Economy and the Stock Market:

      s&p 500 on 1/19/1993 - day before clinton took office: 435.13
      s&p 500 on 1/19/2001 - day before Bush II took office: 1,342.54
      s&p 500 on 3/04/2008 - yesterday afternoon 1,2292.20

      Bush's tax cuts have given us an increase in the deficit and national debt that eclipse any and all predecessors. Before an increase in the capital gains tax can matter, one has to generate gains; under Bush the pressures of the federal deficit have sucked the lifeblood out of the economy.
      View article »
    • ON: Wed Jul 30th 04:00 AM
      Commented on:
      Embedded 3G Laptops Hype
      next gen small laptops (internet devices) will be sold with embedded 3g - but only if they are marketed directly by the wireless providers.
      View article »
    • ON: Fri Jul 25th 07:53 AM
      Commented on:
      The Lost Decade: S&P Annual Return Just 2.5% Since 1998
      s&p 500 on 1/19/1993 - day before clinton took office: 435.13
      s&p 500 on 1/19/2001 - day before Bush II took office: 1,342.54
      s&p 500 yesterday afternoon 1,252.54

      the Bush administration has been a complete disaster for the investor class; while tax rates may be lower, the gains are fewer and further between.

      I'd rather make a shitload of money and pay tax than make nothing
      View article »
    • ON: Fri Jul 25th 06:40 AM
      Commented on:
      Thomson Reuters Launching Business TV Channel To Compete with CNBC, Fox
      it's another channel for advertising flomax
      View article »
    • ON: Thu Jul 24th 06:16 AM
      Commented on:
      Beware the Big Financials' Dividend Trap
      it would have been nice to be warned about the div trap last year when i bought citigroup at 45
      View article »
    • ON: Tue Jul 15th 20:52 PM
      Commented on:
      Earnings Preview: Host Hotels
      this stock has gotten the crap kicked out of it for the past 4 months; there may be a perfect storm brewing to kill off travel because of high gas/air prices; however, if you try to get a room, it's still hit or miss on busy weekends
      View article »
    • ON: Wed Jul 9th 05:51 AM
      Commented on:
      AIG: The Success of Failure
      Just another Hot-shot Failure
      View article »
    • ON: Thu Jul 3rd 09:23 AM
      Commented on:
      Starbucks Tells Walmart:: "Here, You Take Them."
      in the long run, paying a whole bunch of people to pour coffee for 2 hours a day while sitting around and comparing boyfriends & girlfriends the rest of the time does very little for the economy
      View article »
    • ON: Tue Jul 1st 08:52 AM
      Commented on:
      Merrill's Call Should Boost GE
      ge is trading to yield 4.7%; even if it takes 2 or 3 quarters to rebound, it's a steal.
      View article »
    • ON: Wed Jun 25th 09:07 AM
      Commented on:
      Why Media Stocks Are Looking So Ugly
      worst of all - there is absolutely no moat around any of these stocks; cable has virtually obliterated any real barriers to entry; the internet has allowed anyone and everyone to compete; and the viewing public has become so diffuse, that the chance of sustained concentration in viewers or readers, or other devourers of content is slipping off the ledge.
      View article »
    • ON: Wed Jun 25th 08:15 AM
      Commented on:
      Merrill Lynch Economist: 10 Reasons the Bear Market Is For Real
      one could find 10 reasons why a rebound is in sight too

      of the ten reasons cited, most are different manifestations of the same problems.
      View article »
    • ON: Mon Jun 23rd 04:42 AM
      Commented on:
      Valuing GE (It's Cheap)
      my analysis says that the undervaluation of GE will continue for an extended period until the company demonstrates that it has a plan to free itself from the stigma of the finance arm.
      View article »
    • ON: Thu Jun 19th 06:37 AM
      Commented on:
      Sears: Going Private? Not So Fast
      if eddie wants the company, he can have it. the only way for him to create a short squeeze is to keep buying up shares of a company that's loosing money faster than it can be printed
      View article »
    • ON: Thu Jun 19th 06:23 AM
      Commented on:
      General Garbage
      the 90s were a bit too heady for GE; however, it hasn't fared well at all under George Bush. The 15% rate on dividend hasn't helped; maybe, a commitment toward renewable energy (wind turbine) and clean energy (nuclear reactors) will.
      View article »
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