pshah

Five Stocks to Own Now that the Dow Has Bottomed

The author may want to change his opinion about negative GDP growth based on the latest numbers. And how does he arrive at the 24 cent estimate for MER?? And WM??? A bank that does not project any profits for the next 2 years?

This has to be the dumbest article on SA this week.

Why Merrill's CDO Sale Doesn't Mean Big Writeoffs Elsewhere

Vikram Pandit has a 'new broom' at Citi too - and probably bigger problems at the behemoth. Those 2005 CDOs are almost just as toxic as the 2006 & 2007 versions and its just a matter of time for their firesale value to be realized.
Remember - those 06 & 07 versions were rated the same as the 05: AAA.

Financial-Dip Buyers Forget To Ask What's Next

Stating the obvious that the market is overlooking. This is deja vu again - just like the previous two quarterly earnings seasons. Remember in Nov-Jan when banks were proclaiming the damage was limited just to subprime? And then in April when banks reported dilutive fund-raising along with 'better than expected' earnings? Both times shares were bid up and 'experts' on CNBC proclaimed the next great bull run.