waf76

Whitney’s Goldman Downgrade: Why She Did It

I would agree the banks have run up quickly and it could be wise to lighten up. However, much like what you point out in your article, it is best to wait for a reversal in trend, which quite frankly has yet to occur as evidenced by the November calls on XLF.

If a Bubble Bubble Bursts Off the Balance Sheet, Will Anyone Be There to Hear It?

So you're bullish on JPM and bearish on everything else?

Bearish on Banks - Why Now Is the Time to Sell

I couldn't disagree anymore about your statements regarding the FDIC borrowing from banks. I didn't click to see what your additional comments were on it but borrowing from the banks will surely happen. Concerns about regulatory capture at the FDIC will be trumped by the need for money. Any bank that has received an enormous favor, (i.e. FDIC's seizure and JPM's purchase of WaMu) will be first in line to help out. But who knows I could be wrong.

Cut Ken Lewis Some Slack - For Now

Felix Salmon writes too many articles per day to write anything with any substance in it. He might as well just tweet. As for Pandit, at least he's got a Far East connection for Citi where the real growth will come from. Ken Lewis tried to do the right thing too little too late.

Why Is It Time to Short BofA?

i agree with truthteller, also if recovery takes longer, there will be new manipulations and one-offs to boost earnings in 2010. You think the manipulation is over? Might as well profit from it.

One Year Since the Banking System Collapsed. Has Anything Really Changed?

Sadly I agree with your sentiments. The American people were hoodwinked once again. Can the war party have come up with a better candidate than Obama? Its like a match made in heaven. Its like firing the disciplinarian coach for a more player friendly one but not changing anything about strategy. It speaks to our ignorance, lack of knowledge, or lacking of giving a crap. We have 48% voter turn-out for a reason. We have been successfully distracted. Who cares what the gov't does, the NFL begins on Thursday.

BofA Makes SEC Charges on False Statements Go Away in a Hurry

an SEC job must be a piece of cake

How Stocks Perform After Being Added to the Dow

I'm guessing a pharmaceutical

The Virtue of the Republic

common sense is not so common. government has been and always will be about controlling the masses. what better way to control them then to have them do it willingly? Patriot act?...the players in the game get a do over when they screw up. privatize the profits and social the risk. at the end of the day there has to be a winner and a loser and these guys are not going down without a fight and society is too busy to meticulously follow what is going on...people have to work to pay their mortgage or rent, feed their kids, pay the utilities, etc...we're distracted so we outsource these decisions to them and thats what we get for not following attentively...instead we're watching the yankees, the mets, the nfl, reality shows, or whatever else is on the 1000's of channels...who's gonna watch cspan and see what our leaders our deciding for us? not me...and thats why we are where we are...

Bank of America Doing Worse Than Citi?

BAC is gonna skyrocket. ITs still in better shape than C. The government owes them a favor after the Lewis-Bernanke-Paulson Merrill fiasco.

Why This Rally Is Unsustainable

I think most of the comments are quite negative when NS is pointing out the obvious. The financials appear to be looking healthier than they actually are. This does present speculative opportunities so I just accept it as part of the game and my investment and trading decisions take this into consideration. Next quarter earnings for the financials should be interesting. I agree the rally is unsustainable but who knows for sure. If enough sidelined money comes in then maybe, just maybe....ah well we can hope right...

The Next Leg up in Financials

Jason is right. I was very bearish on the financials but can't help to see this as a buying opportunity. I didnt pull the trigger on ETFC like i wanted and the stock has jumped 40% in the last 2 days. At least I got in on some BAC under 10 which is what i was aiming for. I'm very bullish on BAC. For C I will wait until they report their earnings and some profits are taken so I can get it around 3.25 - 3.50

Bail Out for Dummies - Part I

Greed and fraud are rampant in our society and our elected leaders represent the worst of us rather than the best in us. If they allow this daisy chain scam to go forward unabated it merely means they have fully yet come to grips that we live in a new world. Wall Street is clamoring to go back to the good old days which are long gone. Middle class America is getting raped by the people they put in office, in broad daylight, and have to watch their kids and future generations get raped all in the name of keeping Wall Street big shots rich and the military empire fully funded and incompetent who can not achieve any objective they put forth and causing many other unintended consequences that will surely result in more negatives that we can't even begin to imagine or foresee.

How Ken Lewis Has Failed the Test of Good Leadership

I do believe pressure was exerted on Ken Lewis by the Government as well but this was after he found out Merrill was worse than expected. Regardless, the shareholders got hosed. Last week's uptick was just some short covering. Nothing material has changed in the financials. The market went up as a result that these CEOs who drove their companies into the ground decided to declare they made an operating profit the first 2 months of 09. This qualifies as some type of success these days. This is unaudited of course and doesnt change the fact they still have tons of toxic assets on the balance sheet which are probably overstated even with FASB 157.

Eight Reasons Bank of America Is Going to $20

no chance im touching bac or any other bank stock right now...value trap; u want quick money bet against the financials skf has been hot these last 5 days..