Tie D

DryShips: Look Out for Those Forward PEs

There is one major flaw in your logic, shortie. Most of Dryships fleet are already in longterm charter contracts, and thus, the volatile rate will be pretty much meaningless for the next year. Try to find another angle to cast some uncertainty on this company's future to get your puts into the money.

Thoughts on the Bear Stearns/JPMorgan Deal

To the posters above. No one said the mortgage backed securities are worthless, they just aren't worth the money that they are being used as collateral against. This is what people mean when they talk about liquidity crisis. Here is an example of someone who is late in the run on the bank:

Bear Customer: I heard that your firm might be in trouble, can I please withdraw my 10 million dollars?
Bear Employee: The thing about that is we didn't actually hold onto your deposit. We invested it in these mortgage backed thingamajiggys, and about 20,000 other customers beat you to the window, so we ran out of cash. Would you like some CDOs instead?
Bear Customer: WTF am I supposed to do with this? I can't get anything for it.
Bear Employee: Well, if you look on the message boards, people will point out that they aren't completely worthless, they are just worth less than they were.
Bear Customer: Well how many do I get?
Bear Employee: Well, thats the thing...since we don't know what they are worth, we can't determine that. Also, we don't probably don't have enough for everyone.
Bear Customer: Well, where can I get face value for it?
Bear Employee: If we knew that, we would be able to liquidate it, and give you your money. Have a nice day!

A Macro Bet Against the I-Banks Makes Sense

The FRB are idiots for trying to save these banks. Thank goodness for them, that the American taxpayers are bigger idiots.

The US Dollar Index traded at 76.156 less than a month ago. Due to the Feds' slash and burn policies, it was 71.198 yesterday.

That is a 6.5 percent drop in the value of all US currency. Given there is about $820 billion dollars of U.S. currency in circulation, that means that $53 billion dollars in wealth was destroyed for the sake of Lehman (a $30 billion company) and Bear, which for all intents and purposes is on life-support anyway. I don't even know where to start in calculating the loss in value of hard assets that are also valued in US Dollars.

Get ready for massive inflation, because once again, we all pay so that a greedy few large investors don't lose their assets.

Its better to stop messing with policy, and allow investors to take their medicine, than ruin an entire economy.

Big Banks: Too Big To Fail, Too Big To Bail

The FRB are idiots for trying to save these banks. Thank goodness for them, that the American taxpayers are bigger idiots.

The US Dollar Index traded at 76.156 less than a month ago. Due to the Feds' slash and burn policies, it was 71.198 yesterday.

That is a 6.5 percent drop in the value of all US currency. Given there is about $820 billion dollars of U.S. currency in circulation, that means that $53 billion dollars in wealth was destroyed for the sake of Lehman (a $30 billion company) and Bear, which for all intents and purposes is on life-support anyway. I don't even know where to start in calculating the loss in value of hard assets that are also valued in US Dollars.

Get ready for massive inflation, because once again, we all pay so that a greedy few large investors don't lose their assets.

Its better to stop messing with policy, and allow investors to take their medicine, than ruin an entire economy.

How Much Ammo Does the Fed Have Left?

Two more cents... Jim Rogers had it right:
video.google.com/video...

How Much Ammo Does the Fed Have Left?

Enter your comment hereThe FRB are idiots for trying to save these banks. Thank goodness for them, that the American taxpayers are bigger idiots.

The US Dollar Index traded at 76.156 less than a month ago. Due to the Feds' slash and burn policies, it was 71.198 yesterday.

That is a 6.5 percent drop in the value of all US currency. Given there is about $820 billion dollars of U.S. currency in circulation, that means that $53 billion dollars in wealth was destroyed for the sake of Lehman (a $30 billion company) and Bear, which for all intents and purposes is on life-support anyway. I don't even know where to start in calculating the loss in value of hard assets that are also valued in US Dollars.

Get ready for massive inflation, because once again, we all pay so that a greedy few large investors don't lose their assets.

Its better to stop messing with policy, and allow investors to take their medicine, than ruin an entire economy.

Credit Market Mayhem and the S&L Crisis: Drawing Parallels

The FRB are idiots for trying to save these banks. Thank goodness for them, that the American taxpayers are bigger idiots.

The US Dollar Index traded at 76.156 less than a month ago. Due to the Feds' slash and burn policies, it was 71.198 yesterday.

That is a 6.5 percent drop in the value of all US currency. Given there is about $820 billion dollars of U.S. currency in circulation, that means that $53 billion dollars in wealth was destroyed for the sake of Lehman (a $30 billion company) and Bear, which for all intents and purposes is on life-support anyway. I don't even know where to start in calculating the loss in value of hard assets that are also valued in US Dollars.

Get ready for massive inflation, because once again, we all pay so that a greedy few large investors don't lose their assets.

Its better to stop messing with policy, and allow investors to take their medicine, than ruin an entire economy.

Analyzing Fed Critic Paul Kedrosky

The FRB are idiots. Thank goodness for them, that the American taxpayers are bigger idiots. The US Dollar Index traded at 76.156 less than a month ago. Due to their slash and burn policies, it was 71.198 yesterday. That is a 6.5 percent drop in the value of all US currency. Given there is about $820 billion dollars of U.S. currency in circulation, that means that $53 billion dollars in wealth was destroyed for the sake of Lehman (a $30 billion company). Once again, we all pay so that a greedy few Lehman investors don't lose their assets.

Lehman Brothers and Goldman Sachs Stock Up After Beating Q1 Estimates

E-Trade had write downs of about $500 million on a $3 billion CDO portfolio. That is about 16 percent.

Lehman has about $70 billion in exposure, and is only taking $1.8 billion in writedowns so far. That totals about 2.5 percent.

Do they expect us to believe that their Alt-A securities are comprised of more responsible stated income applicants than those in any other Alt-A class?

Lehman: Looking Strong on the Repo Front

E-Trade had write downs of about $500 million on a $3 billion CDO portfolio. That is about 16 percent.

Lehman has about $70 billion in exposure, and is only taking $1.8 billion in writedowns so far. That totals about 2.5 percent.

Do they expect us to believe that their Alt-A securities are comprised of more responsible stated income applicants than those in any other Alt-A class?

Sigh of Relief on Lehman, Goldman Earnings

E-Trade had write downs of about $500 million on a $3 billion CDO portfolio. That is about 16 percent.

Lehman has about $70 billion in exposure, and is only taking $1.8 billion in writedowns so far. That totals about 2.5 percent.

Do they expect us to believe that their Alt-A securities are comprised of "more responsible" stated-income applicants than those in any other Alt-A class?

DryShips Deserves More Love

It is odd that a company with estimated earnings of $4.07, and a whisper number of $4.10 pulls a $4.50 quarter out, and is punished in the broad market.

Maybe people think that China is done building, and no longer needs dry goods?

XM/Sirius Merger Still a Long Shot

Interesting. We are supposed to take equity advice from an anonymous source that claims to have no interest in any security of any kind. How are you saving for retirement? Rare stamps? Your mattress stuffed with dollar bills? Most analysts tout their credentials, and you attempt to remain anonymous. Care to show your work and tell us what probability model you used to come up with 20 percent? Thought so.

The John McCain Market Selloff

I've also noticed that since McCain won the Republican nomination, that there have been no Wild Tiger-sightings in Florida. This clearly indicates the Wild Tiger's fear of a McCain presidency.

Your logic scares me. That anyone would publish, read or believe your trash scares me more.

Antitrust Institute Petition to Block Radio Merger Lacks Substance

Agree or disagree with the proposed merger, it doesn't matter. Either way, it looks like no decision soon, if there are more filings to rule on.