jcfogerty

Bank of America: Bank on This Opportunity

Any company whose acquisition timing is in line with Buffet's cannot be criticized too much. Let's see though if B of A crunched the numbers as thoroughly as Warren would have.

Six Situations to Monitor for the Remainder of 2008

If there is a true world financial collapse, it won't matter who printed how much paper. All that will matter is who holds the gold. And that my friends, is the USA.

What Will Fannie / Freddie Mean for Monday?

The hyperbole of SA is quite entertaining - the shorts particularly. They have "figured it all out" and the market just won't do what it's supposed to.

This buyout should have come as no surprise to anyone, nor the bullish market reaction that will likely follow.

This action stabilizes a critical element of the US financial system, and as the bondholders from many foreign countries will add, also stabilizes the global financial system.

One last comment - while loose lending practices have trashed mortgage markets, in the end housing is a tangible asset. It has intrinsic value. Yes, current market values may be inflated, depending on whether you live in Ohio or CA. But unlike the CDOs and other derivatives, it is simply not possible for housing to go to zero.

Something to keep in mind.