patel

A Look at Citi's Trust Preferreds

Big money investors must now be pulling their deposits at both Citigroup and Bank of America and they must be doing it quietly and quickly with the click of a mouse. No mobs demanding paper money... just a 'click' and a string of ones and zeros blitzes from one end of the world to another over the internet.

Bond Expert: The Emperor Has No Clothes

Bank of America Corp. strategist Richard Bernstein said as he recommended avoiding the industry’s shares.

“Financial stocks are likely to be as toxic to portfolio performance as banks’ assets are to their balance sheets,” New York-based Bernstein wrote in a research note. They plunged yesterday, driving the Standard & Poor’s 500 Financials Index to an 11 percent drop, on skepticism the rescue package will work.

Bernstein said the government should increase deposit insurance, seize assets, shut “large” banks and encourage takeovers.

Jon Friedman's Media Web weighs in on Jonathan Wald's sudden departure from CNBC (GE): The network's journalism stars have lost their No. 1 cheerleader.

Has anyone looked at a GE chart lately? It looks like AIG in September!
I wonder how bad GE Financial's CDO and CDS positions must be??
Why isn't Charlie Gasparino digging up dirt in his own back yard! Something smells very, very rotten at CNBC and GE!

Nationalizing Bank Losses

The Obama administration has yet to figure out how to deal with the complete failure of the American banking system. This systemic banking crisis will mean a run on the banks beginning next week and the stock markets to drop 20%. Only immediate nationalization of most banks next week can stop such an occurrence!!

Cramer's Stop Trading! General Electric Brings Bad Credit to Light (12/18/08)

With a leverage ratio over 50:1, GE is at far greater risk than most acknowledge.

Cramer's Stop Trading! General Electric Brings Bad Credit to Light (12/18/08)

With a leverage ratio over 50:1, GE is at far greater risk than most acknowledge.

From triple-digit losses to triple-digit gains: Markets close substantially up in fairly light volume. Dow +3.09% to 8635. S&P +3.65% to 876. Nasdaq +4.41% to 1509.

It is now estimated we will lose 25,000 jobs per day in December. Retail sales figures will suck in December. Q4 S/P profits will stink and Q1-09 profits will be guided much lower.

So come on folks lets buy more stocks, we are at the bottom Dow 10K, on ward and upward!!!

General Electric: Genuine Risk of Collapse?

GE looks like the next Citicorp free fall. This week and next week will be crucial as to wether it will be the next huge goverment bailout. If the stock drops below $10 there will be huge selling on the stock just like Citicorp. It took Citcorp less than two to fail.

Fed and Citi Reach Deal, Bar Set for Troubled Banks

This should be enough cash until March. Then it will be the same story repeated in a slightly different manner.

Anxiety sweeps the hedge fund industry. One day to D-day.

Le crap will hit the fan next week! Redemptions will be in the 50% area. Way more than anticipated.