Redman's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/217665/comments http://seekingalpha.com/article/103490-central-banks-are-destroying-traditional-risk-spread-methodologies?source=feed#comment-297006 297006 Mon, 03 Nov 2008 08:32:26 -0500 http://seekingalpha.com/article/102318-vikram-pandit-rejects-citisachs?source=feed#comment-292286 292286 Tue, 28 Oct 2008 09:09:59 -0400 http://seekingalpha.com/article/102041-dollar-strength-an-illusion?source=feed#comment-291372 291372 The U.S. is about 6-9 months along with their crisis..which means everybody else is being driven out of their "denial" phase at a much slower pace in relation.
I remember the fall of '91 when the Bank for International Settlements increased the capital requirement rules for all central banks. The 30 year was at 9 5/8% , and when the banks started to buy treasuries to enhance their balance sheets, rates tumbled, the Japs..who were cross-capitalized in the Nikkei, had to sell stocks and buy treasuries. The rest is history.
The markets may be confused at times but they are the arbitor at the end of the day..despite their lack of pricing power during these times.
The rest of the world is taking their lead from the Fed despite what anyone thinks..right or wrong.
Stay in cash and watch the dollar.]]> Mon, 27 Oct 2008 09:19:16 -0400 The U.S. is about 6-9 months along with their crisis..which means everybody else is being driven out of their "denial" phase at a much slower pace in relation.
I remember the fall of '91 when the Bank for International Settlements increased the capital requirement rules for all central banks. The 30 year was at 9 5/8% , and when the banks started to buy treasuries to enhance their balance sheets, rates tumbled, the Japs..who were cross-capitalized in the Nikkei, had to sell stocks and buy treasuries. The rest is history.
The markets may be confused at times but they are the arbitor at the end of the day..despite their lack of pricing power during these times.
The rest of the world is taking their lead from the Fed despite what anyone thinks..right or wrong.
Stay in cash and watch the dollar.]]> http://seekingalpha.com/article/98597-why-is-everybody-selling-as-buffett-is-loading-up?source=feed#comment-274542 274542 Sure he'll get a 10% dividend on his preferred shares..IF..Goldman and GE don't have future problems. Nothing is sacred in this atmosphere..even Buffet.]]> Mon, 06 Oct 2008 08:54:03 -0400 Sure he'll get a 10% dividend on his preferred shares..IF..Goldman and GE don't have future problems. Nothing is sacred in this atmosphere..even Buffet.]]> http://seekingalpha.com/article/97299-leverage-101-the-real-cause-of-the-financial-crisis?source=feed#comment-264570 264570 I mean..how dumb was that? What were they thinking? If you can borrow at 1+% (more or less) and use that money to leverage yourself..you don't need to be Fellini to figure out that sooner or later the bubble will burst..aka..today's problems.
If the bankers who packaged these "products" can't price them..why does anybody think the geniuses in D.C. will be any better?!
In my humble opinion...let nature take it's course, so to speak, let the govt. pay as little as possible (with some form of guarantee) and let the institutions pay the price for their actions. Sure, there will be pain..but let Wall St. feel what everybody else is feeling for a change!
]]> Thu, 25 Sep 2008 08:31:35 -0400 I mean..how dumb was that? What were they thinking? If you can borrow at 1+% (more or less) and use that money to leverage yourself..you don't need to be Fellini to figure out that sooner or later the bubble will burst..aka..today's problems.
If the bankers who packaged these "products" can't price them..why does anybody think the geniuses in D.C. will be any better?!
In my humble opinion...let nature take it's course, so to speak, let the govt. pay as little as possible (with some form of guarantee) and let the institutions pay the price for their actions. Sure, there will be pain..but let Wall St. feel what everybody else is feeling for a change!
]]> http://seekingalpha.com/article/96325-short-ban-government-policy-created-too-hastily?source=feed#comment-258779 258779 When I first got into the biz 30 years ago..I would always get a charge out of hearing someone from the floor over the house squawk box saying:
"The locals are covering their shorts!" What were they doing with their shorts down in the first place!? Couldn't they leave the pit to go to the men's room?!]]> Fri, 19 Sep 2008 08:00:48 -0400 When I first got into the biz 30 years ago..I would always get a charge out of hearing someone from the floor over the house squawk box saying:
"The locals are covering their shorts!" What were they doing with their shorts down in the first place!? Couldn't they leave the pit to go to the men's room?!]]> http://seekingalpha.com/article/96333-ny-times-screws-up-royally-on-morgan?source=feed#comment-258755 258755 In it's zeal to sell papers or the t.v. versions efforts to sell ad space..all we get at times are rumors and inuendo.
Information...accurate information..quality reporting...is what's needed.]]> Fri, 19 Sep 2008 07:33:33 -0400 In it's zeal to sell papers or the t.v. versions efforts to sell ad space..all we get at times are rumors and inuendo.
Information...accurate information..quality reporting...is what's needed.]]> http://seekingalpha.com/article/90892-the-great-consumer-crash-of-2009?source=feed#comment-230062 230062 And, there are always ways to make money in the market...always.]]> Thu, 14 Aug 2008 09:14:37 -0400 And, there are always ways to make money in the market...always.]]> http://seekingalpha.com/article/89481-are-hedge-fund-programs-driving-the-market?source=feed#comment-224835 224835 I've watched the program traders for a long time and try to explain to my clients the reason the markets jump 150 points in the last 20 minutes of trade....it's just like the full moon cycle: every month, a few days before and after the full moon, the markets (all of them) act very hinky! Take a look at a monthly chart of the S&P and check out the turns..they coincide with the lunar cycle. Spooky and I never fool with mother nature!]]> Thu, 07 Aug 2008 08:49:08 -0400 I've watched the program traders for a long time and try to explain to my clients the reason the markets jump 150 points in the last 20 minutes of trade....it's just like the full moon cycle: every month, a few days before and after the full moon, the markets (all of them) act very hinky! Take a look at a monthly chart of the S&P and check out the turns..they coincide with the lunar cycle. Spooky and I never fool with mother nature!]]> http://seekingalpha.com/article/85504-a-letter-to-warren-buffett?source=feed#comment-208028 208028 Thu, 17 Jul 2008 15:40:00 -0400 http://seekingalpha.com/article/85504-a-letter-to-warren-buffett?source=feed#comment-208018 208018 And make no mistake...from what I remember about him trying to "rein in" Solomon's desk..it ultimately did nothing to diminish the "Solomon Mentality".
Maybe some of us remember that originally Philip Brothers (Phibro) took over Solomon only to have their roles reversed.
All of this seems a bit rhetorical given the timing. Where was this offer a year or two ago if Lehman was such a great investment?
With respect to both parties..yes..such an investment could bolster confidence in the financial sector...BUT...and this is a very large BUT..these investment banks, who, many times, have tried to "re-invent" the financial wheel so to speak...are/were supposed to know what they were doing. After all..it is their business to know! So why should Mr. Buffet, or anyone else for that matter plunk down huge amounts of money to bail these guys out? "Your country needs you?" I think that's re-packaging a financial company like they re-packaged and called-in the mortgages that this countries foundation is based on!]]> Thu, 17 Jul 2008 15:25:37 -0400 And make no mistake...from what I remember about him trying to "rein in" Solomon's desk..it ultimately did nothing to diminish the "Solomon Mentality".
Maybe some of us remember that originally Philip Brothers (Phibro) took over Solomon only to have their roles reversed.
All of this seems a bit rhetorical given the timing. Where was this offer a year or two ago if Lehman was such a great investment?
With respect to both parties..yes..such an investment could bolster confidence in the financial sector...BUT...and this is a very large BUT..these investment banks, who, many times, have tried to "re-invent" the financial wheel so to speak...are/were supposed to know what they were doing. After all..it is their business to know! So why should Mr. Buffet, or anyone else for that matter plunk down huge amounts of money to bail these guys out? "Your country needs you?" I think that's re-packaging a financial company like they re-packaged and called-in the mortgages that this countries foundation is based on!]]> http://seekingalpha.com/article/82913-is-it-time-to-put-citigroup-out-of-its-misery?source=feed#comment-194055 194055 I remember in the 90's when Citi was trading below $10...and was referred to as "sh-itty bank". Then came Weill & Co. and turned it into the future mess that it became!
On another note...I also find it amazing that despite all the problems the brokers and banks have...they can still find it in their money-hungry hearts to downgrade (rate) their peers. The marketplace has entered a stage that I haven't seen in almost 30 years in the biz...complete 'mundo bizarro'..I mean look at the extremes...if this isn't the proverbial "accident waiting to happen"..then I'm not quite sure what truly will occur.]]> Fri, 27 Jun 2008 09:36:59 -0400 I remember in the 90's when Citi was trading below $10...and was referred to as "sh-itty bank". Then came Weill & Co. and turned it into the future mess that it became!
On another note...I also find it amazing that despite all the problems the brokers and banks have...they can still find it in their money-hungry hearts to downgrade (rate) their peers. The marketplace has entered a stage that I haven't seen in almost 30 years in the biz...complete 'mundo bizarro'..I mean look at the extremes...if this isn't the proverbial "accident waiting to happen"..then I'm not quite sure what truly will occur.]]>