orca

The SEC's 'Sacred Cow' List: Where Are WaMu and Wachovia?

This is interesting information. I saw the list, didn't understand why some were and some weren't on it, especially the foreign ones, and although I'm not sure yet LBMA is the trigger to the compiled list it is not farfetched. Questions remain: why GS, why not WM/WB/etc, why not all 120 LBMA members (insofar that they have a US listing), but this truly is eye-opening. Good work Mark.

Meredith Whitney Threatens Severe Deflation For Your Portfolio

Sir, let me add a foreign perspective. Five years ago I sold off my position in C and apart from recent trades on C and WM I haven't touched US financials since. I am not a genius but as an outsider I didn't get carried away in your great debt induced folly. "This time it's different" uh huh, well except it ain't. The USD has been telling the true story, for 6 years running, and I think you are deranged for applying old-school metrics to what is in essence a financial Chernobyl. I will not hold a US financial for the longterm until your main indexes bottom out, which will take many years, but I will trade. Frankly my opinion is you (in the plural) are toast. Eight is the digit to watch, being 8k on the Dow and 800 on the S&P. On a EUR basis you are already way below that number, €-Dow is 7,75k and €-S&P is 840.