Guilded

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    • Fri Apr 4th 09:02 AM | Rating: 0 0
      Commented on:
      Why I Bought the Ultrashort Financial Sector ETF
      All of the fears you outlined above and more have resulted in the market downturn we have experienced. You will need new bad news to catalyze a lower low in the markets and financials. I personally had been a believer in a lower low and a more rapid decline in the economy. The Bear Stearns bailout may have forestalled this. The massive money creation by the fed may be propping up the economy. Don't fight the tape. negative moving averages argue for a long period of basing in the market, but a lower low is unlikely without some new heretofore unexpected calamity - 9/11 and the Enron, Worldwom scandals were arguably those type of events in the 2000 - 2003 bear market - hard to bet on.
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    • Fri Apr 4th 08:44 AM | Rating: 0 0
      Commented on:
      Lender-Abandoned, Non-REO Foreclosures
      This is not a new phenomenon in blighted markets. Newburgh, New York being an example I am familiar with, where banks sometimes in the past just walked away and the city ended up owning significant numbers of properties. In the case of Newburgh, the city has finally cleaned up its inventory of property after nearly two decades. Business Week carried an article a couple of months ago about Buffalo and some other Northern industrial cities where legislation is being enacted to force banks not to allow re-possesed properties to become blighted. In many cases even REO properties are allowed to sit with maintenance issues and prices are not reduced enough to entice buyers.
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    • Fri Mar 7th 09:14 AM | Rating: 0 0
      Commented on:
      Residential Housing Finance: The Unwind Has Begun
      I just wrote a very similar article on UrbanDigs.com entitled the Mother of All Margin Calls....and it is pretty scary. Hold onto your hat.
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    • Fri Feb 8th 13:10 PM | Rating: 0 0
      Commented on:
      Goodbye, Commerce Bancorp: Vernon Hill Mourns the End of an Era
      Vern: As an institutional investor in Commerce Bank I salute you. It was a pleasure to be an investor in a company that revolutionized the business model of it's industry and flattened or enlightened avery competitor whose path it crossed. I still tell people about my due diligence trip to southern New Jersey where I saw an old Mellon Branch with a lightbulb driven digital clock on top, half of whose bulbs where out. It was so quite there was tumbleweed rolling across the empty parking lot. Across the street there was a brand new gleaming Commerce Branch, with 4 drive through lanes......every one of them packed in addition to the line out the front door of the bank. You served financial services to them their way! Always a winning strategy.

      Salute
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