statsdoc

Eight Reasons Bank of America Is Going to $20

I think the best indication of whether this author's BAC valulation is reasonable is to look at his past articles. Meredith Whitney has street cred because she called it correctly, despite the flak she took. Jason has been consistently wrong in his calls (per his previous posts).

Pass your own judgement.

Your Oil Stocks Aren't Coming Back

Some of us are considering oil stocks as a reasonable store of value. Gold is tradable, but the transaction costs are great and ultimately it cannot be used. (If we get to the point of needing gold to buy groceries, then holding value is probably the least of our worries.) Oil is necessary for the world to operate. While we may transition to other forms of fuel, the cost of the Great Recession will limit these investments. For the foreseeable future, oil demand will be relatively inelastic. With the marginal costs of replacement approaching $65/bbl, the price of oil cannot stay significantly lower long term.

For me at least, I am storing some of my assets in gold and oil - equal parts in each.

"A year ago, I said we won't see a bottom until we see a capitulation," BlackRock (BLK) CEO Laurence Fink says. "We are seeing a capitulation." Meanwhile, Merrill (MER) CEO John Thain sees shades of 1929.

Another talking head says that they see the bottom. I wonder how many times Fink has made such a claim? Most talking heads have seen it at least 6 times. We should take a close look at someone's forecasting ability before paying any attention to them.

Surviving the Financial Nuclear Winter

To: Gabe Borenstein

I heard you the first time.

A Resolution Trust Corp. 'Solution'?

Cabaretvoltaireusa -> you can say that again. :-)

A Resolution Trust Corp. 'Solution'?

The RTC idea put my jaw on the floor. I am at a loss of words to describe the frustration I feel having voted for these imbeciles in the administration. I feel violated ... I think I need to go home and take a shower.

Making Sense of the Current Market Weakness

As long as there are people that are still calling the bottom, we have not yet reached the bottom. You would think people would learn from previous markets. I don't remember anyone calling the bottom correctly in previous bear markets. Yet, this time it must be apparent to a lot of people.