Vobogeck

Congress: Shortsighted About Financials

Spot on!

10 Reasons Why We Still Haven't Hit Bottom

TEN REASONS WHY WE HAVE HIT BOTTOM:

1. Bearish posts on Seeking Alpha are coming thick and fast.
2. Everyone is saying "buy and hold is dead."
3. The press is full of "sky is falling" stories .
4. The Fed is swamping the market with liquidity yet no one is saying "you can't fight the Fed" anymore.
5. Most investors have given up hope.
6. House building has ground to a near-halt.
7. Oil prices are moving up again.
8. Australian coal contracts settled much higher than analysts expected.
9. The US dollar is finally weakening and will fall further as the fear driven "flight to safety" reverses. Cheaper dollar will improve US exports.
10. Everyone is in cash, and the market quite often moves in a direction to hurt the most people.

Comparing This Past Week to the '87 Crash

Instead of focussing on the single week losses, investors should focus on the third column. Only GM is a long-term loser.

The Nationalization of AIG

Who let the geniuses at the investment banks securitize mortgages to people with no income in the first place? The lax US regulators, acting for the government. Who should pay? The US government.

It is a shame that the US exported these junk securities all around the world, and it is a shame that the geniuses at the investment banks don't have to repay their bonuses.

Wall Street, the financial capital of the world, says CNBC.

More like the financial laughing stock of the world...

Crunching Numbers: Why I'd Buy AIG

I appreciate the detailed analysis that Tom has done. I believe that most of the problems are cause by shorts whipping up hysteria and mark to market accounting. My own simplistic view is that any house in the US is going to be worth more 10 years from now. It is only a matter of having the patience to hold the assets to maturity. Wall Street is too short term focused for its own good.