Shorting China and Financials: Money Left on the Table - A Cautionary Tale [View article]
this author is an idiot of the highest order...ok..1 last time with regard to ETFs...charts mean nothing...
the skf has 293 stocks in the index...so chart patterns mean nothing...
don't you people understand this...there is no chart support or resistance with an etf...because it could be any number of millions of combos of different stock movements of the underlying 293 companies...
does the lemming idiot crowd finally get this...?...
how could someone be so stupid as to NOT understand this...
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Latest | Highest rated4 Reasons To Buy Schering-Plough On This Big Drop [View article]
sgp.prb
at today's prices the preferred pays a safe 10% dividend...
plus sgp has a blockbuster new drug coming out this summer for anesthesia reversal...suggamadex....
i think i will buy the preferred...
Shorting China and Financials: Money Left on the Table - A Cautionary Tale [View article]
the skf has 293 stocks in the index...so chart patterns mean nothing...
don't you people understand this...there is no chart support or resistance with an etf...because it could be any number of millions of combos of different stock movements of the underlying 293 companies...
does the lemming idiot crowd finally get this...?...
how could someone be so stupid as to NOT understand this...
MBIA is Proving to be a Short Seller's Dream [View article]
like you, i also respect the force of this housing downturn...
my insolvency list includes mother morgan stanley, bear stearns, and possibly lehman...
cds prices show the truth about these brokers...
how bad do you think it will get for goldman...?...
that is the only investment bank i would be willing to buy when the implosion settles...
Citi's Levkovich - Bullish on Banks [View article]
this analyst is out of his mind...
with fannie and freddie headed to ZERO, it will not be a good enviornment for banks...
to say the least...
Fannie May Fail - Barron's [View article]
fannie common is headed to zero and you think it's cheap at $22...
was that a joke..?..
Time to Cut Your Exposure to Investment Banking and Mortgages [View article]
this whole mess is still just getting started...i think this week will bring carnage like we have never before seen...
bear stearns is insolvent...
lehman is close...
fannie and freddie common are both going to ZERO...
and commercial banks wamu, wells fargo, national city and several others are headed to ZERO...
there is a reuters story out saying that investment banks could LOSE $325 billion MORE from loans they made to hedge funds...
this has not been factored into anybody's models yet...
Fannie May Fail - Barron's [View article]
this whole mess is still just getting started...i think this week will bring carnage like we have never before seen...
bear stearns is insolvent...
lehman is close...
fannie and freddie common are both going to ZERO...
and commercial banks wamu, wells fargo, national city and several others are headed to ZERO...
there is a reuters story out saying that investment banks could LOSE $325 billion MORE from loans they made to hedge funds...
this has not been factored into anybody's models yet...
JPM, Citadel Tag Teaming Thornburg Mortgage? [View article]
JPM, Citadel Tag Teaming Thornburg Mortgage? [View article]
you guys are fools to touch any of these toxic companies...
do you not understand what they were doing...
in a nutshell, with less than 1 billion in equity, they were borrowing between 20-30 billion and buying mortgage backed securities...(mbs)
if the MBS fall in value just 1 billion then all their equity IS WIPED OUT...
GONE...POOF
this is happening all over the street...
these leveraged idiots were trying to pick up nickels in front of a bulldozer and like everything else in its way, they got scooped up and dumped...
please all you bargain hunting fools who troll these boards, stop buying anything related to financials...
Financials and Retail: Not as Dire as They Seem [View article]
i agree about WM loan quality...horrible...
all these amateurs just think because these stocks are down but not yet ZERO that they must be bargains...
BAC and C are in trouble as well...especially if BAC actually completes the Countrywide deal...
LEH and Bear Stearns are also probably going to bankruptcy heaven...
have you checked CDS prices on BSC lately...oh lordy...
Financials and Retail: Not as Dire as They Seem [View article]
first Fitch just downgraded the debt ratings on WM as well as WFC and a few others...
and James Cramer has an article up since the close saying WM is going to ZERO...he lists 10 banks that are likely to fail...WM, WFC, NCC and others...
you are crazy to touch any financial...
the mortgage situation is so much worse than you understand...
it was reported today that of all the 2006 sub prime originations that Countrywide did in 2006, 18% NEVER EVEN MADE the first payment...
almost 20% never made 1 payment...
defaults on sub prime will reach 30% by the end of the year...
you perma-bulls are crazy to be looking for value in the financials...