Chief Debt Officer

Financials Back to Oversold

Panic selling happens only under over sold condition.

"Pick-a-Pay" Defaults Deepen - Housing Tracker

Jose Canseco walked away from his million house.

I think this news is telling something.

He walked away because he didn't want to pay. I'm sure any kind of bailout plan won't work for those kind of people.

Stock Valuations On the Rise

Hmm. I'm still confused.

It looks like there are two possibilities, either P is too high or E is too low.

Then I have a question: If E is enough, why are those banks need capital infusion?

Shorting Citi on Today's Jump

Wow... It was a good call.

Learning from Amex

Objects are closer than they appear.

Ambac's Announcement is a Joke; Disagreeing with Whitman on Monolines

I'm just curious why those banks agreed to such a stupid idea while they must be sure Ambac wouldn't keep AAA. My guess is that there would be an intervention by the government to rescue those banks (not Ambac) so that those banks don't need Ambac any more...