Lots of babies being tossed out with the toxic waste water lately. It's like the whole market has been turned input call options. Some are going to pay off handsomely, some will spiral into the enormous black hole at the center of our economy.
jimmy, how do you know only cheaper houses are selling? ahhh, because HALF ARE FORECLOSURES and we know they're concentrated in the lower end (aka subprime) market.
Harbinger Capital: Ashland Stake and Performance Update [View article]
CLF projected earnings of $40/sh over next 3 years, closed today around $65 (down another $3 with the DJI rising nearly 300). It's forward PE is around 4, reported blowout results July 31, and earnings estimates are being raised sharply.
Does anyone else smell a rat? A short-selling rat?
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Latest | Highest ratedTaking a Risk - With 20% Yields [View article]
The Rules of the Game Have Changed [View article]
I'd call that cold comfort indeed.
Harbinger Capital: Ashland Stake and Performance Update [View article]
Does anyone else smell a rat? A short-selling rat?
Nuclear Winter Pick - Cramer's Mad Money (9/24/08) [View article]
Save AIG - Save the World! - Cramer's Stop Trading! (9/16/08) [View article]
Meantime, I bought some 2big2fail AIG "calls" at $2/sh this morning.
AIG: The Cramer Conspiracy Theory [View article]
Lessons From the Banking Meltdown [View article]
Lessons From the Banking Meltdown [View article]
Dividends Show Differences Between Financials [View article]
Finding Relative Value in Financial Services [View article]
STD?
Monday Options Outlook: AIG, GE, BAC, XLF, SKF, SDS, WAG [View article]
RMK Advantage Closed End Fund is Worth a Look [View article]
Crunching Numbers: Why I'd Buy AIG [View article]
Halliburton at a Discount - Despite Continuously Meeting Expectations [View article]
Running the Numbers: Hewlett-Packard Looks Cheap [View article]