BSCLossMan

Whale Watching: Buffett's Move Is Just What Investors Need

I'm certainly no expert, but I simply cannot understand the price of GS shares. Now it's just a bank with a golden name, but still just a bank among many banks vying for deposits. The high valuation of GS (250/share not so long ago), and it's precipitous drop to 100, then up to 125+ reflected its status as an investment bank not a regular bank. I don't know why this isn't trading at $50, which still is giving it a premium (as a bank) for its golden name. Can anyone answer this?

How Cheap Are U.S. Bank Stocks?

I'm no expert, but I look at the 2007 highs in bank/brokerage stocks as false highs based on voodoo securities. So to say C, for example, is about 50% off its high does not mean that it is cheap and will rise to those levels for a long time. With earnings very questionable going forward, book value almost a meaningless number, and write-offs every quarter (depending on what the bank wants to divulge), a still huge housing problem, I just cannot believe why people keep buying these stocks. The more they cut earnings and the more voodoo securities they admit to (& write down), the higher their stocks go. Other, non-financial stocks, miss earnings estimates by a cent, and their stocks get hammered. To me, a non expert, there is no sense to it.