GKM

Visa, Mastercard Risk Ramped Up Competition

Wow, I'm not sure why authors here subject themselves to the same bull crowd over and over again. They are wasting their breath trying to temper the irrational exuberance for V. It does help me rationalize a short position though.

I wouldn't bother to be short V at this point as its in lock up until September. MA on the other hand has plenty of liquidity. When the break comes it will likely be MA first.

Anxiously Awaited Visa IPO Due This Week

I heard an interesting comment from Erin Burnett on CNBC this week. She said something like "oh they're moving forward the VISA IPO date. That should be a good sign for the market." Now I know why she no longer works on Wall Street as CNBC claims in her bio.

The only reason they are rushing this thing is one or both of two reasons. 1) The banks need the cash more desperately than before. 2) The banks are worried that the market will deteriorate such that there will be no market for this IPO. I'm betting its a combination of the two.