vreporter

Is Dubai's Default a Black Swan Event?

The Black Swan has more to do with the dependent - and yet unknown - impacts, than the original event. Hence, this IS just such an event, known or not! Shrugging this off is equivalent to shrugging off the banks and letting them go under. The downstream events are HUGE.

Citigroup Makes a Good Move: Preparing to Buy Out Uncle Sam

I think you're confused about what's right and what's good. What's good would be determined by the share price in the near term. need I say more?

Housing: 'We're About to Have a Big Problem'

Deleveraging is a long and painful process. The presented points are part of the corrective process and rosy prognostications about the housing bottom approaching should be avoided as there is little upside benefit for the next decade. Interest rates are enticing but they too will improve with price for a long time.

The Citigroup Pricing Anomaly

I support - and am betting on - your theory that the conversion price will change. It won't disappear but it will change to the betterment of common equity.

Reading the Stress-Test Leaks

This is the beginning of an ALL CLEAR signal for the banks from Treasury and the Fed. The leaks are engineered given that they had to take on a derivatives market which siphoned investors out of their skin last time. There will be no rest for the shorts this time - even though C and BAC have already tripled from their lows. The economy and confidence are tools to get this engine running. These leaks and the consequent setups are part and parcel of this operation. If none of you studied any history on the "plunge protection" mechanisms of past years then you will not understand that some of the most influential "hedge fund" activities are not from hedge funds at all...

Housing: The Ship Is Turning

Chuck,
You have made many a great call - Manny Hanny style - but I sure hope you are right about this extrapolating into the metro NYC/NJ market. That would imply a trend change in local employment that is still speeding in the opposite direction!

Buying Real Estate in the Aftermath of the 'Perfect Storm'

All I can say is...
Ummmm - NO CHANCE!

Deleveraging just doesn't work this way.

Who's the Newest, Riskiest Bank on the Street?

Riskiest can also mean most rewarding... and they have proven that for a long time. Banks have got plenty of rally left in their legs so I'm not sure what you are concluding - shorting? Not a chance.

The Dow's Weight in Gold

This is worth keeping in one's mind when assessing the larger picture fate of the Dow - since many of us have called a bottom in stocks!

Are Citi, Bank of America Pushing Prices Up?

One would assume that an entity like Zacks would have a knowledgeable opinion about the securities it covers. This topic is apparently one out of their league. There isn't enough room here to correct the assumptions undertaken in the above article.

Is Bank Nationalization Still an Option?

It was NEVER an option.
It is an unlikely possibility even as a last resort.
Meanwhile, those very bank stocks have outperformed everything else by MULTIPLES during this ongoing proposal for nationalization.
Well done Felix... you are a true contrarian indicator.

Citigroup Float May Experience Dramatic Upside Velocity

I don't know if it was a misprint but I read an article that referred to the possible reverse action in June 2010. Is that right? If so, too far down the road to support you principle. If not, I agree that it's a biggie!

Accounting Rule Changes Creating False Rally in Financials

"Without doubt, since fully-informed investors form only a small proportion of the capital markets, the spin and hype surrounding the “inherent evils” of the mark-to-market rule and Level 3 measurements could well take bank shares significantly higher this week."

You must be very smart to be that far ahead of the market! Are you a comedian?

What the Citi Conversion Might Really Mean

Interesting view... but do you really think they're that smart? !!!

Citigroup Questions

On your credit card issue:

You were not billed in USD. It was converted for display in USD. You were charged because the vendor you transacted with WAS NOT ABLE to bill in USD.

This is definitely the job of the vendor to clarify and you should definitely know who you are purchasing from when making any online transaction.

Your knowledge of such simple matters defies your integrity in covering such important issues in the financial malaise! Maybe you'd do better with a nationalized payment system so that your consumer ignorance was covered by unified regulation!