SwampCotton's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/132192/comments http://seekingalpha.com/article/71114-the-bull-is-sharpening-his-horns?source=feed#comment-136308 136308 Thu, 03 Apr 2008 22:56:02 -0400 http://seekingalpha.com/article/69612-financial-stocks-future-earnings-estimates-is-this-a-joke?source=feed#comment-130525 130525
The Economist has about ten pages on the Wall Street situation in their lastest issue of March 22nd through March 28th.

I quote from page 82:

"The outlook remains bleak, however. By one estimate, banks will writeoff a further $50 billion of degraded inventory this quarter. If they are more tightly regulated, they could have less scope to make profits. Using tangible book value as a yardstick, Meredith Whitney of Oppenheimer concludes that the financial shares are due a further fall of up to 5o%. With house prices still falling, credit deterioration spreading and derivatives markets deeply unsettled, is anyone willing to bet that Bear Stearns is the last of the $2 sales?"

I believe the bear market has a tight grip on the financials.

]]> Mon, 24 Mar 2008 08:15:10 -0400
The Economist has about ten pages on the Wall Street situation in their lastest issue of March 22nd through March 28th.

I quote from page 82:

"The outlook remains bleak, however. By one estimate, banks will writeoff a further $50 billion of degraded inventory this quarter. If they are more tightly regulated, they could have less scope to make profits. Using tangible book value as a yardstick, Meredith Whitney of Oppenheimer concludes that the financial shares are due a further fall of up to 5o%. With house prices still falling, credit deterioration spreading and derivatives markets deeply unsettled, is anyone willing to bet that Bear Stearns is the last of the $2 sales?"

I believe the bear market has a tight grip on the financials.

]]> http://seekingalpha.com/article/68578-will-the-agriculture-boom-last?source=feed#comment-127007 127007 Sat, 15 Mar 2008 21:58:31 -0400 http://seekingalpha.com/article/65780-friday-s-turnaround-raid-on-the-shorts?source=feed#comment-118239 118239 Sun, 24 Feb 2008 09:20:16 -0500