Chemist29

JP Morgan Offer for Wachovia Makes Sense

Why 24$? why would Wachovia shareholders accept anything, if book value after 30 billion in writedowns is still 36, why would the shareholders accept 2/3rds of book value. This isn't BSC, wachovia wont collapse and doesn't need a buyer.

Financial Stocks to Buy When the Market Reverses

I agree with DSX. Plus, Bank of America hasn't eaten very much in losses relative to its size, it's still chugging away making making profits...yes profits, and paying out a fat dividend (thats safe), along with WB and C, which hopefully wont cut its dividend...eh (i'm long WB, C, and BAC)

The Credit Crisis and Potential Shorts

shorting financials was the play almost a year ago...now is the time to pickover and go long, just like buying commodities and shorting the dollar was the play 5 years ago, chasing performance is why people dont beat the market.

Financials Offer Patient Bulls Many Opportunities

This is a financial meltdown in magnitude just like the early 90s, and late 90s, right on schedule. No reason to believe they wont bounce back quickly just like they did back then. Maybe its not the bottom, maybe it is. I got bac at 42, wb at 33, and citi at 25. Citi's the riskiest probably, if it goes down more I'll just buy more. The economy will bounce back, too many doomsday armageddon predictions. Earnings will be fine once the major losses are done being written off, which is presumably already priced into the stock at this point, no?