capital pains

Wells Fargo's Mortgage Conversion Scheme: Delaying the Inevitable

WFC is not to be derided for providing a means for underwater homeowners to remain in their homes rather than be tossed out into the street to seek a rental unit While there may very well be an ulterior motive. Wells,and all banks needed to 'innovate' the interest only option as an alternative to foreclosures. While it is correct that the interest only mortgage holder is not gaining in equity, but merely renting. For millions of homeowners it ia an easy choice between remaining in their homes as renters' or incurring moving expensis, 3 months cash deposits to the landlord, new schools for the kids,etc.. All in all, not a pretty alternative to foreclosure.Factor in the huge fact that not having a foreclosed property on your block helps the other homeowners not continue to lose value in their neighborhoods. A big plus.
With our country facing a possible 10 million foreclosures, any sort of band aid is desperately needed. The banks making out as well in terms of 'shadow accounting' ..Well, if the banks weren't going to 'make out' do you think this alternatuve would exist !
Any stemming of the geometrically increasing number of foreclosures, is well worth the try.

Institutions Doubling Down on MGM

Does it actually make sense replying to a moron ? Not really because morons are too stupid to know how dumb they are ! The earlier idiotic post by gregg(brainless)johnson proves the point.
First of all - there is no mention of Adelson in the post. Second: It is out of resepct for KK that I say, why buy when KK is unloading.? Although, losing $7 billion on Ford and $15 billion on MGM hardly qualifies KK for MENSA membership...
third: Only a moron would spell loser the way stupid johnson spells it ..Twice no less !
4th - Christian should be capitalized you cretin
5th - Ah yes,we really believe you are wealthy ..That's why you spend time posting on the internet..You should spend some time learning to spell and write ..I would imagine your 6th grade education might be somewhat limiting for you .
Pointless replying to a moron however -


On Oct 24 02:08 PM Gregjohnson999 wrote:

> Capital Pains, what a looser you are. I have read some of your comments
> and i get the feeling you have led a bitter life. Change your attitude
> in life and your miserable life may turn around. Who are you to make
> comments on Kirkorian or adelson ? you dont measure up to their dump.
> Are you a right wing christian nut ? thats what i think you are.
> Nothing you say will make me feel bad looser. You wish you have my
> $ 4 million dollar home and my collection of Ferraris. People like
> you will always be loosers. I want you to go stand in front of a
> mirror and just scream at your sorry ass self that " I Capital pains
> am a failure in life and a big looser".LOOSER!!!! LOL!!!

Institutions Doubling Down on MGM

Since risk has gone completely out of the market why not pour more money into a loser ? If Mr. Kirk has decided fo finally lighten up on his gigantic holdings, why would anyone do the opposite ? Mr. K was decimated with his huge position in MGM - Now it's more botttom fishing time, that's all it is. In case the author hasn't noticed, there is a huge bubble in the Macau market. 25% of the 'whales' constitute 70% of casinos revenues. All casinos vying for the same small pool of fish, does not sound like a recipe for growth. Plus, being tied in with Pansy Ho or any Ho family member is delusional and akin to abetting criminals.
The little guy has long since departed the manipulated, corrupt market. Hence, who cares what the institutions do or don't do ? The last man standing will always be Goldman Sachs, the evil empire incarnate. That's all that matters to our inept government.
If the atrociously managed MGM continues to lose money at a whirlwind pace, and they will, the institutions should be pouring more paper dollars in all the way down. So what ?

Retail Sector Rebounds (Part II): All That Glitters

Excuse me but is the author in a time warp ? Harry Winston - "minor resistance at $15 and major at $23-$24" HWD hasn't seen either of those levels since the bubble, or shall we say bauble burst.
If you're going to supposedly contribute, kindly get your facts straight. You just might want to look at a HWD 6 months chart before you expound. Do you think ?

Wells Fargo Earnings: First Leak in the Dam?

The article is completely dead on. The housing crisis is horrendous and growing geometrically worse. This is hardly news to Wall Street. We will probably see foreclosures continue to skyrocket to 10-12 million homes ! Jaw-dropping indeed. Combine residential loan losses, both hidden and stated, along with commercial real estate loan losses, (which will make residential look like a picnic), and you have the true state of the banking industry. This is hardly a revelation .
Since fundamentals have vanished from the investing equation, and the absence of mark-to-market accounting, along with the fraudulently misleading top line and bottom line results, the overriding market catalyst is only liquidity. A sea of money looking for a home. Simply put, we are dealing with a 'house of cards' where the ridiculous stock market is concerned. What is salient is the fact that nothing has changed since DOW 6500. The relevant mantra is 'the trend is your friend'. If you are overthinking the absurdity of the market, you have missed the 40% parabolic move up. The market is gambling. As is the case with casino gambling, when you are in a good cycle, press your bets. Until chickens come home to roost, which they ultimately must,enjoy the ride. It won't last much longer !

Verizon's Droid Is the Real Deal

I'm sure Apple is just shaking in their boots. Just what the world needs, another cellphone.

The 10 Best U.S. Dividend Stocks

ABT at $50 plus ? Excuse me, but BMY at $22 and a safe dividend of 5.4% blows ABT away .

Rebuilding Your Portfolio with Engineering Stocks

How about paying a dividend instead ?
The buy on this stock was @ 14.75 not $21

Las Vegas Sands: Too Big to Fail?

Pointless to be overly concerned about the horrendous financial conditions of LVS and most especially MGM.
Adelson continues to pull rabbits out of his hat and keeps gamblers/investors pouring into the stock.LVS will not, as the author hopes, pull back into the single digits.Covenants will keep getting pushed back and/or aside as the banks continue to show mercy on these losers. If only these same lenders showed a modicum of interest in helping underwater homeowners. LVS marches onward and upward. MGM is a basket case. But, nothing seems to matter..In spite of owning the best properties in Vegas, MGM's inept management can find more ways to lose money than Jim Cramer can. Hooking up with Pansy Ho (aptly named) was a major miscalculation. Building a property in Detroit of all places, was ludicrous on its face. When the gargantuan boondoggle City Center opens in December, the property will simply cannabalize all the other strip properties. Nevertheless, the stock trades north of $8 instead of .80 cents ..
Kudos to all those gamblers who had the cajones to buy LVS and ride the dog up eightfold.

S&P 500 Stocks with the Highest Short Interest

Thousands of ridiculously overvalued stocks and
MRK and PFE make the list ? More proof of the idocy dominating the casino, excuse me, I mean stock market ! Totally absurd.

Coming Soon: Banking Crisis of Historic Proportions

A great big: "So what" ? Although the article is theoretically correct, in reality market manipulators, especially Goldman and their cohorts at the Fed and Treasury will continue to foster the "house of cards" our entire economy exists upon.
Ridiculous to imagine a world without JPM, BAC and even the pathetic C. As long as the taxpayer remains the ultimate backstop for the banks, we can expect a continuation of the "throw money at it" policies of our central government and the manipulators who are making obscene fortunes.
When BAC was trading at less than $2, and doomsayers were predicting breadlines, in retrospect BAC, JPM, and god-awful C, were the trades of a lifetime. The commercial real estate market which continues to collapse has meant nothing but losses for the inverse ETF, SRS. Counterintuitive for sure, but again, reality bites.
Readers of SA are traders. As long as the "trend is your friend" and you keep tight stops in, all the written analyses in the world won't make you a dime. That's how we keep score.

Citigroup: Priced to Succeed

Well why not C !.If garbage stocks like LVS and MGM have risen 8 to 10 times, why shouldn't garbage like C go to $15 ? Besides, the taxpayer is always the ultimate backstop for banks . Since the commerical real estate market (the supposed other shoe to drop, once upon a time) has maintained as if nothing mattered, then C and all the other horrendous banks should continue to prosper with the Fed's complicity. Since toxic assets have been relegated to the trash bin, and mortgage defaults don't count for much anymore, how can C be anything but a marvelous investment !

Why Another Stock Market Collapse Could Be Imminent

A very fine article. However, this round of stock market gyrations is not like previous historical moves. Nano-second computer trading, dark pools, loss of mark-to-market fundamentals, off balance sheet toxic garbage, toxic garbage on the books but ignored anyway, massive manipulations by the Fed, the evil-empire aka: Godman Sachs,(the most egregious example of unbridled greed and criminality in the history of the market), political conspirators running the Treasury, on and on and on. Bottom line is that while pure economics may well indicate a crash, the miscreants who run the market will keep on inventing ways to suck in more money. The pathetic taxpayer is the ultimate backstop for the
purveyors of gross malfeassance. The little guy is out of the market for good. This game of musical chairs is exclusively for the titans. You can be sure that when a serious crash occurs, Goldman Sachs will be short every trading vehicle imaginable. It will be Goldman, Obama, the big banks and hedge funds that destroys the system. Should that occur, guess who picks up the tab ?
Message from Goldman Sachs to the American taxpayer: Drop Dead !

FCC's Sternly Worded Letter to Apple

Useless article..Of no value whatsoever.

Commercial Mortgages and Mortgage Resets to Trigger Next U.S. Downleg

Truly amazing that will all the facts known about the CRE crisis going to baloon geometrically, the ETF-"SRS" has been an abysmal performer !
Brings us back to the old adage: "The market can stay irrational longer than you can stay solvent" .