Seeking Alpha

igetsit

igetsit
Send Message
View as an RSS Feed
View igetsit's Comments BY TICKER:
Latest  |  Highest rated
  • "This goes much much higher than me," says alleged Libor-fixing ringleader Tom Hayes in a text to the WSJ's David Enrich. Known as "Rain Man" for his brilliance and awkward social skills, Hayes has emerged as "the connective tissue" in banks' attempts to profit as he skipped from RBS to RBC (RY) to UBS, and finally to Citigroup (C). [View news story]
    When will the hedge fund community be put under the microscope for the Libor scandal?
    Feb 8, 2013. 02:41 PM | 1 Like Like |Link to Comment
  • The "world has changed" moment of the week is Japan opposition party leader Shinzo Abe's call for "unlimited easing" by the Bank of Japan. Abe is likely the country's next PM after current PM Noda dissolved parliament and called a snap election. Tokyo +2.2% overnight adds to a 1.9% gain on the back of Abe's comments the day before. [View news story]
    The real inflation is coming when all of the workers in China start to revolt and ask for higher wages. Even if they ask for just an extra .05%, its a lot of workers and a lot of costs that need to be passed on.
    Nov 16, 2012. 12:07 PM | Likes Like |Link to Comment
  • Has Paul Krugman Gone Too Far This Time? [View article]
    Deregulation? Too big to fail? Didn't Bill Clinton repeal Glass Steagal?
    If you are going to blame George Bush, you'd better blame Bill Clinton as well. FNMA/FHLMC issues started under Clinton. The pressure on those institutions as well as many other lenders to lend to less than desirable borrowers started under Clinton policies and moral suasion.
    This mess started way before GWB took office.
    As far as the war in Iraq went...maybe Bush should have ignored the Bin Laden threat like Clinton did when terrorists blew up a few of our embassies around the world, attacked the USS Cole in Yemen and tried to take down the WTC the first time in '93.
    There is plenty of blame to go around, but Bill Clinton is just as guilty if not more for many of our current issues.
    Nov 13, 2012. 06:42 PM | 3 Likes Like |Link to Comment
  • How Facebook's IPO Exemplifies The Injustice In The Financial Markets [View article]
    Facebook is down because the capital markets work. If I'm an investor and I hear that a monster advertiser (GM) bails on spending Facebook ad dollars a few days prior to the IPO I would pull my order. When I heard ahead of the pricing that subscribers to the IPO were surprised that they got full allotments I was seriously upset that I couldn't short it on the open. The FB business model isn't tried and true. 900mm users? PT Barnum said it best, there is a sucker born every minute. I'm one of those suckers, but the novelty has worn off, I barely look at FB anymore and I never look at advertisements online. I'm not alone.
    MS did their job and sold as many shares as they could at as high a price as they could. They even burned money trying to hold the price up and FB upper management loved them for it. Do you think Mark Zuckerberg et al care that the price is down 30%? Mark Zuckerberg may be a smart guy, but his ethics are questionable at best. Just because he wears a hoodie it doesn't mean he's good guy. Just ask the twins.
    Jun 7, 2012. 11:03 PM | 2 Likes Like |Link to Comment
  • This Bud's for you: An Austrian court gives back to Anheuser-Busch Inbev (BUD +0.1%) the rights to use the name "Bud" on beer in Austria after Budvar filed an injunction to land sole possession of the name in the country. Stay tuned: It's just the latest battle in a century-old dispute between brewers A-B and Budvar.  [View news story]
    For what its worth, Budvar is much better than Budweiser. I hope that is helpful.
    Oct 26, 2011. 10:10 AM | Likes Like |Link to Comment
  • What's Driving Apple? [View article]
    All you really need to do is walk into any Apple store. They are always jammed yet you can walk out of the place with a fully functioning I-Pad or I-Phone in less than 30 minutes. Until that changes, AAPL should/will continue to be a solid core position. China will obviously only help. The Chinese are communist in name but capitalist in nature. The masses will want the iconic Apple products.
    Feb 23, 2011. 04:20 PM | 3 Likes Like |Link to Comment
  • Annaly: Easiest Way to Make a 14.5% Return [View article]
    Regarding Cramer, I believe he rated it a sell somewhere in '09 when it was trading between 12 and 13. His reasoning was that the business model was based on bank lending/financing and he was worried about that going forward. However, he is so obtuse he failed to realize that the US Gov had not only guaranteed GSE debt, but they also told us that banks were too big to fail. At the time NLY was one of the biggest layups I had ever seen and he missed it. Luckily I did not. However, I am now concerned about the effect of what the Gov is currently trying to achieve on the collateral that NLY owns.
    Feb 11, 2011. 05:01 PM | Likes Like |Link to Comment
  • Annaly: Easiest Way to Make a 14.5% Return [View article]
    Does anyone have an opinion on the stock given recent news and developments on a potential unwind of the GSEs? Personally I'm surprised NLY hasn't traded off a bit.
    Feb 11, 2011. 10:22 AM | 2 Likes Like |Link to Comment
  • The House of Representatives votes to repeal Obama's healthcare reform law in a mostly symbolic move that is likely to be scuttled in the Senate. The more credible threat for now is in the courts, as 26 states have joined Florida's suit to bring down the law.  [View news story]
    it should be re worked as ObamaCare is based on half truths, smoke and mirrors. People can still be turned down for preexisting conditions until 2014. This was not the way it was sold to the American people. Premiums have already gone up 5-10% pretty much across the board as insurers prepare themselves for 2014. Oh, and by the way, in 2014 you may not be turned down but you may face an upcharge of 300+% in your premium. Not only do our Senators etc not understand the new system, the agents selling the policies do not come close to understanding how the new system works.
    Jan 19, 2011. 06:34 PM | 12 Likes Like |Link to Comment
  • Deutsche Bank (DB) and Credit Suisse (CS) were the largest counterparties to the Fed, during its program of buying and selling MBS. Together, they traded nearly $800B with the Fed. Assuming a typical dealer spread of 1/64th to 1/32nd, the two foreign banks could have earned between $125M and $250M on their dealings with the Fed.  [View news story]
    or lost money.
    Dec 1, 2010. 06:05 PM | 1 Like Like |Link to Comment
  • A Republican takeover of the House is already priced into the stock market, but the bigger political issue is the fate of the Bush tax cuts, strategists say. If tax rates for dividends and capital gains do look set to rise, investors could take some profits but not eliminate core equity positions.  [View news story]
    Take a look at the charts back in 03...mkt immediately started to rally when the Bush dividend tax rate cuts were announced and continued until the crisis in 2008.
    Oct 29, 2010. 05:04 PM | 2 Likes Like |Link to Comment
  • Food Stamp Friday: True Colors [View article]
    above I meant Glass Steagall, not Sarbanes Oxley. Apologies.
    Oct 8, 2010. 11:39 AM | 3 Likes Like |Link to Comment
  • Food Stamp Friday: True Colors [View article]
    What you neglect to mention is that during the Clinton years and the move to a surplus Congress was controlled by Republicans. What you also neglect to mention is that Democrats had the majority starting in 1995. Add that "minor bit" of information to your chart on pork spending and it paints a much different picture.
    And please stop blaming W. If you want to play that game, wasn't the tech bubble created during the Clinton years? And didn't the Clinton administration push FNMA and Freddie and others to create more home ownership for low income people? And the "too big to fail" issue? Wasn't Sarbanes/Oxely repealed under Clinton?
    All of the current issues have been 10-20 years in the making. NOT just the W. Bush years.
    Oct 8, 2010. 11:34 AM | 18 Likes Like |Link to Comment
  • Did a Trade War Just Break Out? [View article]
    This seems like another instance of the Administration not fully weighing the consequences of their actions and/or just pandering for votes. The bottom line is that history tells us that protectionism (Smoot/Hawley) will proliferate the economic downturn.
    On a quasi related tangent, anyone see the WSJ article on McDonalds dropping health coverage due to recent changes? Another example of the Government not seeing all the issues clearly.
    Sep 30, 2010. 01:24 PM | 2 Likes Like |Link to Comment
  • Congressmen Weiner and Waxman Set Gold Hearing [View article]
    do you mean the convicted insider trader george soros?
    Sep 16, 2010. 06:28 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
21 Comments
78 Likes