bryanz

Earnings Estimates Collapse for Goldman and Morgan

One of the things I'd be weary of with the earnings report is guidance. You may be correct that they're reporting on a time period right before things went to hell in a handbasket... however if they guide significantly lower for Q4 than expectations then they're likely to get pummeled, especially in this market.

Earnings Estimates Collapse for Goldman and Morgan

One of the things I'd be weary of with the earnings report is guidance. You may be correct that they're reporting on a time period right before things went to hell in a handbasket... however if they guide significantly lower for Q4 than expectations then they're likely to get pummeled, especially in this market.

Earnings Estimates Collapse for Goldman and Morgan

One of the things I'd be weary of with the earnings report is guidance. You may be correct that they're reporting on a time period right before things went to hell in a handbasket... however if they guide significantly lower for Q4 than expectations then they're likely to get pummeled, especially in this market.

Morgan Stanley in Distress

Are you seriously quoting the bible as a predictor of the demise of MS and GS? Pardon the pun... but good lord you can't be serious.

Dark Pools of Liquidity Are Coming Around Again

@ghamilton
The way I understand it, and someone can correct me if I'm wrong, is that the stock markets provide a means of centralization, which in turn provides liquidity. They allow a large number of market participants to easily communicate and coordinate the buys and sells that move the markets. The "dark pools" are basically institutions that trade outside of the market. From what I understand there's nothing necessarily wrong with that, it's basically over-the-counter trades of stocks that also trade on the public markets. If you wanted to sell a position that you hold you don't have to go through your brokerage, you could - theoretically - find a buyer without the coordination of a securities exchange and arrange that transaction. This is what the dark pools are, except on a much larger scale.

That's Bull Stearns, not Bear Stearns - Barron's

Loyal workers may very well prefer a $200/share buyout, but who's going to cough up a 45% premium on stock that's been beaten down, and apparently rightfully so? I'm sure Yahoo shareholders would jump at a $40 buyout offer too, but given the market it just doesn't seem realistic. I'm not going to call BSC a dog, because it's still one hell of a company and if it falls back into double digits it may be tempting. But the whole financial industry is so volatile right now that unless you plan on plopping down your cash on BSC and then not touching it for a couple years, the risk/reward is probably much better in other places.