joe from chi

7 Signs of an Economic Bottom

Housing construction and automobile manufacturing are hitting bottom; after all $0 of sales is the absolute bottom and the U.S. is getting close to that boundary.
These two sectors probably can only go up from here.
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I'm still looking for the /sarcaism....

The auto industry can still go down. Like maybe bankruptcy?

Obama's Housing Plan: Elegant and Costly

This bailout plan is TERRIBLE!!! The responsible gets screwed again. When do I get to win? This sucks.

Bank Nationalization: It's Just Plain Wrong

First, who determines what “bad assets” need to be excised from a bank being nationalized? Second, who determines the price of a bad asset at the time of its removal?
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Why Bureaucrat will, ofcourse!

Financial Stocks: Playing the Mark-to-Market Suspension

I'm not an accountant or a CFA, so how does suspending M2M help the banks? They cannot suspend reality. Everyone knows that thier books are still full of garbage. I get the day trading angle, but I'd hold long for maybe 2 days and then go hard short.

If the bubble went burst in Fall '07, and the underlining assests have not been marked down yet, why do we still have problems? What good will "playing pretend" do them?