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PassingBy55

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  • Apartment building developers (like smiley Larry Gluck) may soon be drinking from the same bailout trough as the banks. A bill winding its way through Congress known as TARP for Main Street proposes to prop up deteriorating apartment complexes by injecting $2B to stabilize multifamily properties in default or foreclosure.  [View news story]
    We will never bottom!
    Aug 13 10:47 AM | 1 Like Like |Link to Comment
  • CNBC Viewership Down 28% [View article]
    They should concede that internet resources have increased the cognitive capability of their audience and put some actual analysis on screen. Unfortunately that would be hard to fill 24 hours. I'm sure all "24 hour news networks" of all formats will face this problem eventually.
    Jul 30 01:46 PM | 8 Likes Like |Link to Comment
  • Bernanke to Congress: About 25 firms are systemically significant. Oh, by the way, "virtually all" are organized as bank holding companies, which means the Fed already happens to be their supervisor and lender of last resort.  [View news story]
    I vote we consolidate them all into 1 company so the system is more sound
    Jul 24 02:43 PM | Likes Like |Link to Comment
  • Do you have clean language, comfort with government contracting and a sense of humor about the Bureau of the Public Debt? Has the Treasury got a job for you. (via)  [View news story]
    Gotta love how these stories make their way around. This is horrible and I'm sure will be all over the wires by the 6pm and 11pm news times.
    Jul 17 12:51 PM | Likes Like |Link to Comment
  • Among the benefits of cost-cutting via GM's bankruptcy and shedding of four brands: The automaker plans to spend as much in six months of marketing the new Buick LaCrosse sedan as it had for all Buicks over a full year.  [View news story]
    Swing for the fences!!!! People want a BUICK!
    Jul 14 02:13 PM | Likes Like |Link to Comment
  • "The underlying core earnings power of these banks is negligible... It's a crazy positive momentum based on zero fundamental improvement." Meredith Whitney on the bank rally, two months ago  [View news story]
    Do you rule out $175 being a top for GS? It should pick up steam throughout Q3 with momentum from blockbuster earnings and green shoots euphoria. For all intents and purposes this could be a fair price for this stock considering they're the only investment bank taking the type of risk they are.

    They're swinging for the recovery fences and they may shoot up past $200 if the 'next leg down' never materializes and all that risk pays off. Or they could go bust overnight, make a few calls and be the next limping giant.

    I'm glad to see someone chastising her for being wrong on GS for so long...I agree it was a steal.



    On Jul 14 01:33 PM Beyond-Trading.com wrote:

    > "Expect her to sing a different song in 6-12 months"
    >
    > She will sing once they are down or do you think she's going to tell
    > you the top in (seekingalpha.com/symbo...)? Any savvy investor
    > knew that (seekingalpha.com/symbo...) was a top pick in the
    > range $77-50, government would step in since (seekingalpha.com/symbo...)
    > is by far the most important component along with (seekingalpha.com/symbo...).
    > Had she called (seekingalpha.com/symbo...) a buy within that
    > range and we would be fine. Fair enough!
    Jul 14 01:47 PM | 1 Like Like |Link to Comment
  • "The underlying core earnings power of these banks is negligible... It's a crazy positive momentum based on zero fundamental improvement." Meredith Whitney on the bank rally, two months ago  [View news story]
    She got the EPS right....she changed her tune on Goldman because she knows the environment they're playing in and the rigged dice they're using.

    I'm sure she's still bearish on banks and the economy but can see the huge jump we've had and how much of a hand GS had in it.

    Expect her to sing a different song in 6-12 months.
    Jul 14 01:18 PM | 6 Likes Like |Link to Comment
  • Publishers are worried Amazon (AMZN) might try to squeeze them on Kindle profits. Right now, publishers get around $2.15 per digital book vs. $0.26 for a print copy, but Amazon's market dominance gives it plenty of bargaining power.  [View news story]
    As they should....a digital copy costs the publisher next to nothing compared to a physical book, they're getting 10x the margin on them. Amazon is the one hawking a $300 piece of plastic and should be compensated for the risk they've undertaken.
    Jul 9 12:56 PM | Likes Like |Link to Comment
  • Two years after the credit market collapse, banks have quietly begun turning downgraded 'structured debts' into new AAA-rated securities, so they can be bought by institutional investors. "You’re manufacturing AAA out of not AAA, therefore allowing those people who have AAA written on their forehead to buy."  [View news story]
    I wouldn't be suprised if this is another piece of their plan to "fix" the imbalances of the world.


    On Jul 08 11:51 AM Steak wrote:

    > Don't forget the Fed, now that its AAA again they can get some pieces
    > as well.
    Jul 8 12:04 PM | Likes Like |Link to Comment
  • Two years after the credit market collapse, banks have quietly begun turning downgraded 'structured debts' into new AAA-rated securities, so they can be bought by institutional investors. "You’re manufacturing AAA out of not AAA, therefore allowing those people who have AAA written on their forehead to buy."  [View news story]
    Agreed, the only people buying in on this fraud are the fund managers/insurance companies winking the entire time


    On Jul 08 11:14 AM tstasik wrote:

    > AAA no longer means AAA.
    > Therefore, there is no trust left in the banks.
    > Therefore, investment will likely decline for the forseeable future.
    Jul 8 11:21 AM | 1 Like Like |Link to Comment
  • Two years after the credit market collapse, banks have quietly begun turning downgraded 'structured debts' into new AAA-rated securities, so they can be bought by institutional investors. "You’re manufacturing AAA out of not AAA, therefore allowing those people who have AAA written on their forehead to buy."  [View news story]
    Sounds familiar........another iteration of the hot potato debt game?
    Jul 8 11:13 AM | 5 Likes Like |Link to Comment
  • The Economist looks at why recent recoveries have been so jobless, while the Atlantic charts the not-so-V-shaped rebounds and wonders if it's that the private sector hasn't been as big a job engine as the public sector.  [View news story]
    www.ritholtz.com/blog/.../

    updated job loss chart as of july (2nd chart on page) --somebody pls post to that blog, i don't have a login...crazy times
    Jul 7 04:27 PM | Likes Like |Link to Comment
  • "Green shoots" are sprouting everywhere ... at least in the language of officials, pundits and reporters, who have made the phrase ubiquitous. "These may be the two most overused and annoying words of my investment career," says an adviser.  [View news story]
    Don't forget 'stimulus package' ....what next..... 'Imminent recovery'?? 'Housing bottomed'?? 'Once-in-a-lifetime opportunity'??
    Jun 30 03:21 PM | 2 Likes Like |Link to Comment
  • Collapse of the Non-Backstopped Agency Market [View article]
    I like the cancer relapse point. We've seen one boom/bust cycle after another and the lifespan of the duration of the boom has become significantly shorter each time. Tech/Housing/Commoditi... what's next.....Green tech? Rebounding financials? If we see acknowledged inflation I could see GLD becoming the new scam/game of musical chairs of choice sold to 'investors'.

    I fight the desire to find some pocket of easy money...it seems like the way the money wants to go nowadays. The risks of getting sucked into a game are too great, it still seems like those who invest in strong companies and stay on top of their bets will maintain their wealth through all of the volatility in the macro environment.


    On Jun 29 02:00 PM Whippet wrote:

    > I believe this will happen, but it can only go on so long. Kinda
    > like a cancer relapse, the disease progresses much more quickly after
    > it was knocked down once, and it does much more damage. Our whole
    > deficit-based economic structure was never sustainable, but was bankrolled
    > by our Asian trading partners 1) selling us schlock, 2) receiving
    > dollars in return, and 3) re-depositing those dollars into our economy
    > by buying gubmint debt and other dollar-denominated risk assets.
    > This "Bretton Woods II" dollar reserve currency structure is cracking
    > severely. Our Asian pushers will continue to play the game, as long
    > as we continue to stimulate their economies by buying their crap.
    > When we can no longer do it, they will "diversify" their dollar holdings
    > and eliminate dollar hegemony once and for all. It's already happening
    > at a level at or below the alarms. de Gaulle would be proud.
    Jun 29 02:40 PM | Likes Like |Link to Comment
  • Collapse of the Non-Backstopped Agency Market [View article]
    liquidity (leverage)->consump... asset prices
    Jun 29 12:26 PM | Likes Like |Link to Comment
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