Andrew Horowitz

Financial Stocks Trading Near Book Value

dckleins: You are the winner! Bank's assets (primarily it's loan portfolio and investment portfolio) are essentially black boxes.. p/b is wrong metric in this case as it would be for REITS and other financials...truth is , in this case... nothing works as the lack of info put forth to insert in any ratio would not have been worth spit..

Miracle: Bush To Part The Bankrupt Sea

The line "What will get hurt", was written to mean at the time the speech was made, not long term. It was a comment about the day and the trading around the speech. Also it was WHAT, N O T WHO! We all know that the average JOE is going to get hurt here as SH*T flows down, as usual. If you have been following anything that I have been writing, I have been calling for a major economic problem since mid JULY. SEARCH for SINKHOLE and you will see how much I think can go wrong.

Comment are brutal these days, but it was the same when I was suggesting shorting at the top of my lungs in July and AUG. Comments were telling me that I was an idiot and the market was set to take off. It was a SWEET cover I can tell you that.

Be careful not to be investing and think with the herd.

One more thing.... I wrote the original VERY early Friday morning and posted on my site... before the speeches. S/A picked it up much later, so ease up on it gang..It was timely when written..Glad to have stirred it up though, good for some good provocative thought.. Well, at least some thought.