31October

8 Charts for Trading Financials

No, Washington, DC is the puppet.

GS is the master.

Disclosure - up 40% on financials just by knowing who was paying Barney Frank's salary. I feel dirty.


On May 10 04:41 PM Erik78 wrote:

> Who know's what puppet master (washington dc) is going to do next..... ...

Can a Stock Market Meltdown Happen from Here?

Optionsgirl has some good points. But rather than gold, invest in consumable limited resources. The dollar will indeed decline, and I want to not just preserve wealth - I want to make some, too.

Also, people whose jobs are safe should welcome a decline in stocks. Your 401K will do far, far better in a few decades if there is a market meltdown.

Visa: Not Everywhere I Want to Be

I would still avoid DFS for a few reasons: Insider selling at new lows, operating loss, and increasing defaults/delinquency. Although operating cash flow is positive, the cash in the balance sheet is flat [most recent quarters], and a serious drop in consumer spending could be more catastrophic than to overpriced Visa. (Also, I can't use Discover much overseas.)

I'm glad to see people question the Visa hype.
This was an excellent piece!

Wall Street Breakfast: Must-Know News

Re: "GM cars are junk. "
Mr. Wilberforce,
Your perception is based on products from the 1970s. I had very bad luck with 70s GM & Fords [even worse]. Since 1983, however, GM reduced the quality gap every single year. By the 21 century, they PASSED Mercedes, Toyota and Honda in quantifiable problems. Only the JD Power first impressions survey has Lexus higher - And people, being suggestable, will never admit that they paid $50,000 for a poor-handling Camry [ES350.] But every long-term study places GM first in measurable quality. Polk has proven through registrations that all GM brands outlast the average.

This revelational news that GMs have not been junk for the past decade may be a blow to you. Therefore, I will not tell you the news about Ford's most recent model year statistics -- you might gasp so hard that you accidentally suck in the obituaries you were just reading.

I am sure that you did many bad things in the 1970s, too. But this is 2008.