Muzie

Great Depression Not Imminent, But Inevitable

From Boubou:

"One reason many of us have lost so much money is the reluctance on the part of government and finance spokesmen to tell the truth in bad times."

Right. I'm sure you would have lost a whole lot less money if the government had come up one day and said "ok, things are bad, you all should sell now before things get worse.".

Great Depression Not Imminent, But Inevitable

From Boubou:

"One reason many of us have lost so much money is the reluctance on the part of government and finance spokesmen to tell the truth in bad times."

Right. I'm sure you would have lost a whole lot less money if the government had come up one day and said "ok, things are bad, you all should sell now before things get worse.".

Opportunities Buried Beneath the Headlines

Ah, almost the optimist.

Yet, look at that period from 65 to 85. Nothing happened. During those years, an investor could have spent, drunk or otherwise enjoyed the use of his money but instead watched his investments go nowhere for 20 years, hoping for a return that never came. All along living with visceral swings.

Thursday Options Outlook: AIG, XLK, MRVL, VPRT, FNM, XLF, PMCS, AFL

How can we be can tell if these calls are being bought or sold? The volume data does not show this information, so I'm curious what the direction of the trade since we presumably don't know on which side the market maker is.

Banks Scramble to Refinance Their Long-Term Debt

RonB:

I'm quite amused by your implication that all the bears have a conflict of interest because they might be short the stocks while, on the other hand, you point us to Well's Fargo's transcript's as a reliable, totally objective source of information.

WFC's transcripts is very opaque about where the revenues came from, and WFC has refused to give out information about such basic things as delinquency rate on loans. If WFC was so confident, it would boast loud and clear all the details of its books instead of keeping them opaque still.

Bears such as Michael here don't have to be bears - Michael can perfectly well change his mind and decide to buy bank stocks tomorrow if he feels like it.

Wells Fargo CANNOT become a Wells Fargo bear, obviously. It is Wells Fargo's job to paint the facts in the best light possible, as it is the essence of their livelihood.

Reality is in the eye of the beholder.