PROXIMO

Eight Reasons Bank of America Is Going to $20

"After riding Apple (AAPL) calls to triple digit gains in 2008, and then riding oil puts to triple digit gains in 2008, I am making Bank of America my #1 holding for 2009." What you did or didn't do with Apple calls or oil puts last year has utterly no relevance whatsoever to the risk/reward profile of Bank of America in 2009. None. Your laying out a case against nationalization in no way addresses the issue of BAC's lethal credit exposure. And to further your rosy outlook for BAC by citing, of all things, Countrywide and Merrill, deeply undermines your already severely flawed analysis.

Buyer Beware: 30 Biggest Bankruptcy Risks

Thanks for an informative article dealing with reality. While some SA readers obviously prefer to remain in denial, I am not a member of that club. Your post is appreciated by many.

The Bull Run Begins This Week

When the ongoing global deleveraging continues to undo the excesses of the past three decades, and decimates the world stock markets in the process , as is highly likely, do you change the name of your blog to The Bad News Economist ?

Dr. Doom Responds on Wells Fargo

"Unfortunately, prophecies about highly leveraged institutions sometimes become self-fulfilling, especially when they come from "sagelike commentators like Nouriel Roubini". Prophecies from "sagelike commentators are not what corrupted the balance sheets of the big banks with derivatives. Or levered the banks 50 to 1. And prophecies most assuredly are not responsible for vaporizing 90% + of many major financial institutions. Embarrassing attempt to share the stage with Roubini.

Rating the Top 12 U.S. Banks - From Hidden Gems to Zombies

While I frequently enjoy this author's articles, a comment on today's remarks. Ranking the attractiveness of those banks is like ranking the attractiveness of small pox vs. leukemia vs. typhoid fever vs. cardiac arrest vs. Bubonic Plague. In my opinion.

10 Reasons Why We Still Haven't Hit Bottom

"this recession is affected peoples lives", "They've handing over their money to the 'professionals' for years," ----Someone ought to proof these articles before they are posted.

Jim Rogers on the Economy - Bearish on Stocks and Government

I had no idea that Rogers is reviled by so many people until I read today's posts. I have always thought he is an OK guy. He graduated from Yale, then got a degree from Oxford. He cofounded the Quantum Fund with Soros and made millions. He is the author of several bestselling books. He taught investing at Columbia University. Unlike Madoff and others, I've never heard of Rogers cheating or attempting to cheat anyone out of their money. He does like publicity, but that is hardly a fatal flaw. People can reside anywhere they choose to, Singapore or Bumf#*k Egypt. That is their decision, not mine. Until I see a substantive case to the contrary, I will continue to regard him as an OK guy.

Dollar's Purchasing Power Annihilated - The Chart They Don't Want You to See

Or 76 weeks.

Bar Continues to Drop Dangerously on What the U.S. Will Accept as Collateral

Kohn's statement is typical of the lies from the federal government. I'd sooner believe graffiti written on the walls of a men's room in a pool hall. The government has managed to create a situation, through corruption and incompetence, where the average citizen is screwed at every turn. Hard to imagine any outcome now that doesn't involve much more pain for the taxpayer. Compliments of the on-the-take elected and appointed jerks.

The Benefits of This Recession

By the time this economic collapse plays itself out, Greenspan's reputation will be radioactive.

Can a Stock Market Meltdown Happen from Here?

Throw enough sh#t against the wall and some will stick. My pet cat probably knows as much about the future direction of stocks as Heiko Seibel.

$200 Oil Is Coming While We Waste a Perfectly Good Crisis (Part 3)

Long read, but worthwhile. I agree nor disagree with the author in general. I am not sure that all of the author's conclusions in the article are supported by the facts. Too many factors going forward are simply unknowable by anyone at this point. My guess is that since energy is vitally important, any informed discussion is a net plus.

The Bull Run Begins This Week

Yeah. Sure. That's exactly what the US needs. A conversion to Socialism, or as you call it, "evolve" to socialism. Just look at our European friends and notice how their economically "evolved" societies have dominated our own tiny economic power for decades. I'd write more, but I have to go puke.


On Jan 18 06:51 PM Borscht wrote:

> Time for the US economy to socialize and evolve. Americans will thrive
> with such things as universal health care, government administered
> no fault auto insurance and a whole bunch of other good things.

>
>
>
> On Jan 18 01:54 PM PrudentMan, CFA wrote:

Banks Are Not Reaching Bottom - Meredith Whitney

Anyone who cares--- Meredith is a she.

Ten Stocks to Hold Long-Term - Barron's

Never had any dealings with Ebay. It must be an extraordinary POS based on postings here and what I've read elsewhere recently. Sounds like their marketing strategy is "How to piss off and alienate long time customers".