short WFC's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/272141/comments http://seekingalpha.com/article/173410-why-warren-buffett-loves-wells-fargo?source=feed#comment-762127 762127 Mon, 16 Nov 2009 11:38:51 -0500 http://seekingalpha.com/article/171549-charlie-gasparino-another-crash-has-to-happen-again?source=feed#comment-748083 748083 Fri, 06 Nov 2009 11:16:38 -0500 http://seekingalpha.com/article/157962-roubini-s-case-for-a-double-dip-recession-pretty-underwhelming?source=feed#comment-643793 643793 Mon, 24 Aug 2009 13:58:49 -0400 http://seekingalpha.com/article/143462-strange-inconsistencies-in-the-134-5-billion-bearer-bond-mystery?source=feed#comment-553896 553896 the evidence for a tip off is compelling.
there is a BRIC meeting since jun17th where the Russian agenda is pretty much trash the US and its dollar and replace with ruble. multiple statements to that effect including cameo appearance by AhhMADinojihad soon to go nuclear and always can be counted on for the trash the usa part. He even took valuable time off from crushing his opposition to attend www.timesonline.co.uk/...


this is looking like Russias way (read xKGB) of telling the BRIC countries stick with us this is not just talk we can and will end the dominance of the USA dollar by hook or as usual by crook
ie printing fake dollars/bonds]]> Fri, 19 Jun 2009 11:32:31 -0400 the evidence for a tip off is compelling.
there is a BRIC meeting since jun17th where the Russian agenda is pretty much trash the US and its dollar and replace with ruble. multiple statements to that effect including cameo appearance by AhhMADinojihad soon to go nuclear and always can be counted on for the trash the usa part. He even took valuable time off from crushing his opposition to attend www.timesonline.co.uk/...


this is looking like Russias way (read xKGB) of telling the BRIC countries stick with us this is not just talk we can and will end the dominance of the USA dollar by hook or as usual by crook
ie printing fake dollars/bonds]]> http://seekingalpha.com/article/136987-banks-won-concessions-on-stress-test?source=feed#comment-500479 500479
right after that they come up with 'stress tests'. to understand these complex activities one must always ask what is the interests of the parties

stress tests results were negotiated between the gov whose stated interests are 'building confidence' and banks whos stated interests are ..well ..sure seems like bone headed status quo , bonuses, and continued clueless mingling of 'utilitily' banking (managing mom and pop accounts) with investment banking.

so these stress tests are to be believable? that requires stunning gullibility, its infuriating that this is what our leaders expect of us and frightening to see it happening.

still fresh destruction of financial 'services' industry and fed balance sheet dont seem to inspire our leaders to action other than shallow opinion 'fixes' . reminds you of anything? historical examples abound. nero playing the fiddle while rome burnt or the rearrangment of chairs on the titanic..where meaningful activities can fix these fundamental problems?

we need to separate the invetment banks from utility banking and we need true transparency of present banking insolvency. once the gov owned ones open up, other will have a choice to open up or risk losing customers. however bad it is, there may still be enough money and time to fix it.

not for long. one more round of these escalating bank failure cycles and its truly all over. next year there will be as many ARM defaults as they were subprime. good luck coming up with any bailout money for that

meaningful stress tests may have been obtained if the books and the crtieria were discussed openly and testers interests were clearly aligned with economic and banking priciples.

any exposed problems would have laid baseline confidence level going fwd.

pls tell me why i'm totally wrong...]]> Tue, 12 May 2009 11:31:36 -0400
right after that they come up with 'stress tests'. to understand these complex activities one must always ask what is the interests of the parties

stress tests results were negotiated between the gov whose stated interests are 'building confidence' and banks whos stated interests are ..well ..sure seems like bone headed status quo , bonuses, and continued clueless mingling of 'utilitily' banking (managing mom and pop accounts) with investment banking.

so these stress tests are to be believable? that requires stunning gullibility, its infuriating that this is what our leaders expect of us and frightening to see it happening.

still fresh destruction of financial 'services' industry and fed balance sheet dont seem to inspire our leaders to action other than shallow opinion 'fixes' . reminds you of anything? historical examples abound. nero playing the fiddle while rome burnt or the rearrangment of chairs on the titanic..where meaningful activities can fix these fundamental problems?

we need to separate the invetment banks from utility banking and we need true transparency of present banking insolvency. once the gov owned ones open up, other will have a choice to open up or risk losing customers. however bad it is, there may still be enough money and time to fix it.

not for long. one more round of these escalating bank failure cycles and its truly all over. next year there will be as many ARM defaults as they were subprime. good luck coming up with any bailout money for that

meaningful stress tests may have been obtained if the books and the crtieria were discussed openly and testers interests were clearly aligned with economic and banking priciples.

any exposed problems would have laid baseline confidence level going fwd.

pls tell me why i'm totally wrong...]]> http://seekingalpha.com/article/129762-housing-is-bottoming?source=feed#comment-455632 455632 Tue, 07 Apr 2009 22:51:59 -0400 http://seekingalpha.com/article/120184-why-deflation-will-persist-for-longer-than-you-think?source=feed#comment-386497 386497
1 not only has velocity decreased but the amount printed (or even obligated) still seems small compared to money destroyed so far.

2. would be constructive to estimate that fraction (printed to destroyed money) since 1. its probly easier then estimating velocity but has the same effect and 2. no inflation can begin without the ratio making some kind of convincing headway towards 1.]]> Thu, 12 Feb 2009 20:10:43 -0500
1 not only has velocity decreased but the amount printed (or even obligated) still seems small compared to money destroyed so far.

2. would be constructive to estimate that fraction (printed to destroyed money) since 1. its probly easier then estimating velocity but has the same effect and 2. no inflation can begin without the ratio making some kind of convincing headway towards 1.]]> http://seekingalpha.com/article/104984-stocks-vs-bonds-an-update-for-the-current-market?source=feed#comment-302137 302137 IndexUniverse.com:

biz.yahoo.com/indexuni...

Can You Trust Bond ETFs?
Monday October 13, 7:42 pm ET
By IndexUniverse Staff


Murray focuses on premiums and discounts in the fixed-income space, which is a huge story:Fixed-income ETFs are trading at wild variance with their underlying indexes.
ADVERTISEMENT


There are a variety of reasons why. The fixed-income market is so frozen right now that some bond price indexes are carrying stale data. At the same time, some ETFs are using "fair value" pricing to value their illiquid holdings, which introduces a layer of discretion into how each fund's assets are priced.

To be honest, it's hard to know exactly where these things should be trading. And that, to me, is a big problem.

The whole idea of investing in ETFs is that they give you clean access to various asset classes. You set your asset allocation—X% in stocks, Y% in bonds, Z% in commodities—and ETFs give you fair exposure to those markets.

Right now, they are not doing that.

Consider the three junk bond ETFs:the iShares iBoxx $ High Yield Corporate Bond (AMEX:HYG - News), SPDR Lehman High Yield Bond ETF (AMEX:JNK - News) and PowerShares High Yield Corporate Bond Portfolio (AMEX:PHB - News). All three funds track high-yield corporate bonds, holding portfolios of 50, 112 and 52 high-yield bonds, respectively. You'd think their returns would be similar.

But let's say you bought shares in each fund at the close of trading on October 3. Since then, through 3:30 p.m. ET on October 13, HYG is down about 8.5%, while PHB was down 15% and JNK was down 17%. That's an 8.5% swing in 10 days from top to bottom.

It's worse if you look intraday. At one point last Friday, HYG was down about 15%, JNK was down about 20% and PHB was down nearly 30%.

A 15% difference? Intraday? Are you serious?

Of the three funds, HYG appears to be trading the best. On an intraday basis it has been trading fairly smoothly, while the other two ETFs have vacillated wildly.

But with HYG trading at a massive discount to net asset value, who's to say.

Buyer beware.


]]> Mon, 10 Nov 2008 13:38:52 -0500 IndexUniverse.com:

biz.yahoo.com/indexuni...

Can You Trust Bond ETFs?
Monday October 13, 7:42 pm ET
By IndexUniverse Staff


Murray focuses on premiums and discounts in the fixed-income space, which is a huge story:Fixed-income ETFs are trading at wild variance with their underlying indexes.
ADVERTISEMENT


There are a variety of reasons why. The fixed-income market is so frozen right now that some bond price indexes are carrying stale data. At the same time, some ETFs are using "fair value" pricing to value their illiquid holdings, which introduces a layer of discretion into how each fund's assets are priced.

To be honest, it's hard to know exactly where these things should be trading. And that, to me, is a big problem.

The whole idea of investing in ETFs is that they give you clean access to various asset classes. You set your asset allocation—X% in stocks, Y% in bonds, Z% in commodities—and ETFs give you fair exposure to those markets.

Right now, they are not doing that.

Consider the three junk bond ETFs:the iShares iBoxx $ High Yield Corporate Bond (AMEX:HYG - News), SPDR Lehman High Yield Bond ETF (AMEX:JNK - News) and PowerShares High Yield Corporate Bond Portfolio (AMEX:PHB - News). All three funds track high-yield corporate bonds, holding portfolios of 50, 112 and 52 high-yield bonds, respectively. You'd think their returns would be similar.

But let's say you bought shares in each fund at the close of trading on October 3. Since then, through 3:30 p.m. ET on October 13, HYG is down about 8.5%, while PHB was down 15% and JNK was down 17%. That's an 8.5% swing in 10 days from top to bottom.

It's worse if you look intraday. At one point last Friday, HYG was down about 15%, JNK was down about 20% and PHB was down nearly 30%.

A 15% difference? Intraday? Are you serious?

Of the three funds, HYG appears to be trading the best. On an intraday basis it has been trading fairly smoothly, while the other two ETFs have vacillated wildly.

But with HYG trading at a massive discount to net asset value, who's to say.

Buyer beware.


]]> http://seekingalpha.com/article/102131-schroedinger-s-cat-revisited-why-it-s-impossible-to-predict-the-markets?source=feed#comment-292871 292871 Tue, 28 Oct 2008 18:14:16 -0400 http://seekingalpha.com/article/99813-bailouts-will-soon-drive-the-currency-markets?source=feed#comment-282645 282645 Wed, 15 Oct 2008 01:48:16 -0400 http://seekingalpha.com/article/99813-bailouts-will-soon-drive-the-currency-markets?source=feed#comment-282633 282633 Wed, 15 Oct 2008 01:11:33 -0400 http://seekingalpha.com/article/99501-we-re-in-an-opacity-crisis?source=feed#comment-280647 280647
no accountability=no long term success of policy.

2nd point is that governements role in breakig up provate monopoly shold be expanded to include 'too big to fail' organizations.

these two ideas if strongly enforced will go a long way to protect stability, economic policy, and taxpayers]]> Sun, 12 Oct 2008 14:05:16 -0400
no accountability=no long term success of policy.

2nd point is that governements role in breakig up provate monopoly shold be expanded to include 'too big to fail' organizations.

these two ideas if strongly enforced will go a long way to protect stability, economic policy, and taxpayers]]> http://seekingalpha.com/article/99341-wall-street-breakfast-must-know-news?source=feed#comment-278706 278706 Fri, 10 Oct 2008 08:53:57 -0400 http://seekingalpha.com/article/99060-economic-indicators-signal-a-major-collapse-ahead?source=feed#comment-278014 278014
if we dont quickly get accountability for this mess (theres plenty of blaim to go around is not acceptible as 'accountability')

AND we dont get instituted accountability for government actions and financial bodies such as GSE's (FNM etc) we will have more of this type of circus.

its human nature. put almost anyone in control of a lot of money and let them make nice bonuses with little or no accountability and you will get a lot of risky tinkering.

let a few of these 'leaders' lose their mansions and you'd be amazed how stable and far thinking financial policy can become

'too big to fail' institutions should have been broken up by SEC , Fed , treasury . where is their accountability. no accountability no results. democrats or republicans means nothing without accountability. i'm so disappointed we dont hear that in all the election bs.]]> Thu, 09 Oct 2008 15:35:31 -0400
if we dont quickly get accountability for this mess (theres plenty of blaim to go around is not acceptible as 'accountability')

AND we dont get instituted accountability for government actions and financial bodies such as GSE's (FNM etc) we will have more of this type of circus.

its human nature. put almost anyone in control of a lot of money and let them make nice bonuses with little or no accountability and you will get a lot of risky tinkering.

let a few of these 'leaders' lose their mansions and you'd be amazed how stable and far thinking financial policy can become

'too big to fail' institutions should have been broken up by SEC , Fed , treasury . where is their accountability. no accountability no results. democrats or republicans means nothing without accountability. i'm so disappointed we dont hear that in all the election bs.]]> http://seekingalpha.com/article/98644-investment-ideas-for-hard-times-to-come?source=feed#comment-276962 276962 Wed, 08 Oct 2008 12:34:04 -0400 http://seekingalpha.com/article/98819-opportunity-staring-us-in-the-face?source=feed#comment-275942 275942
given current economics conditions i suspect the gap will reverse itself ie we will soon have inflation get to historical hi relative to home prices- either by rising or by home prices falling further . either way buying homes at this point seems like a losing proposition ]]> Tue, 07 Oct 2008 13:24:27 -0400
given current economics conditions i suspect the gap will reverse itself ie we will soon have inflation get to historical hi relative to home prices- either by rising or by home prices falling further . either way buying homes at this point seems like a losing proposition ]]> http://seekingalpha.com/article/97712-wells-fargo-a-growth-stock-during-the-great-depression?source=feed#comment-270616 270616
btw SOMERVILLE..i live in somerville MA on prospect hill]]> Wed, 01 Oct 2008 14:04:56 -0400
btw SOMERVILLE..i live in somerville MA on prospect hill]]> http://seekingalpha.com/article/97950-no-shorts-outperforming?source=feed#comment-269815 269815 i remember when short term myopic 'solutions' thats dont address the cause were ridiculed now its called 'policy'
1. the]]> Tue, 30 Sep 2008 14:55:16 -0400 i remember when short term myopic 'solutions' thats dont address the cause were ridiculed now its called 'policy'
1. the]]> http://seekingalpha.com/article/97895-not-likely-to-be-a-merry-xmas-for-microsoft-rbc?source=feed#comment-269686 269686 Tue, 30 Sep 2008 12:49:40 -0400 http://seekingalpha.com/article/97712-wells-fargo-a-growth-stock-during-the-great-depression?source=feed#comment-268006 268006 WFC) get less help then the weak]]> Sun, 28 Sep 2008 21:49:19 -0400 WFC) get less help then the weak]]>