Peter Lynch

WaMu's Downfall: No Safeguards

>>>I have accounts with WaMu (WM) and am happy that JPMorgan (JPM) has taken them over. JPM's James Dimon has the respect of many investors and Wall Street, and thankfully, my deposits are safe at WaMu.<<<

Your accounts are safe, no matter which banks you use, as long as they are FDIC insured and under the limit. A couple, with a little planning, can have accounts totaled up to $600,000 insured in one bank.

If you have millions of dollars in savings, checking and CD accounts in one bank (I don't care if your bank is JP Morgan, Citi, BOA, US Bancorp, or your local credit union), you need to spread that money around or buy yourself some treasury bills.

The Deal's Getting Done, But Will It Work?

I am going to be critical here, not just to David but to a lot of media and bloggers out there too. Everyone is entitled to their opinion, and that's what makes our country great.

However, when I read statement like this below, I really question these people's judgments:

>>>All “solutions” to the crisis at this point in time are bad solutions. The time to act was 10-15 years ago, where we could have implemented contra-cyclical policies in bank regulation, as well as enforcing a strict separation between regulated and nonregulated financial intermediaries. (No ownership, no lending, no derivative agreements.)<<&l...

In hindsight, everything is 20-20. If I had known what I know now 10-15 years ago, I would have bought as much AAPL, RIMM, GOOG, POT as I could on margin! There will be time when we need to look back and reflect upon what had gone wrong and try not to make the same mistakes again. And that's exactly what Ben Bernake is trying to do by making sure that we don't make the same policy mistakes that we did back in the 1930's.

Folks, we have a 5-alarm fire going on right now in our financial system. Let's try to put the fire out first before we start blaming the builder for not putting in a sprinkler system 10-15 years ago.

FDIC Won't Run Out of Money, But WaMu May Be Toast

Mr. Whalen's analysis is all good and fine. Wamu wouldn't be up for sale or other strategic options if its real estate book weren't performing poorly.

However, the latest development in Washington is a game changer for Wamu. FDIC doesn't want to take over wamu...they want it sold or recapitalized. With the $700 billion RTC package in development, wamu has just become a lot more attractive to a lot more banks and priviate equity firms. And this RTC-like package also bought wamu something that they didn't have before just two days ago - time.

WaMu on the Brink

Blood on the street......buy, buy, buy; selectively, of course.

WaMu on the Brink

Hats off to the editor for removing an inaccurate article. Quality before quantity, always.

Stunning Reversals: Is This a Market or a Casino?

And you came to all these conclusions by 10:30 am?

What happens if the market reverses course and goes up 3% tomorrow? Do you change your "conclusions" again?

The Most Essential Secret to Successful Investing

>>>I first suggested shorting financials to readers of my advisory service International Wealth Advisory in late January 2008. We bought the UltraShort Financials Proshares (SKF) an inverse fund that returns 2X <<

And you are bragging about this??? Most smart money shorted financials in 2007, not 2008.

>>>We ended up closing out our position for a 51% gain in mid-July. Being patient nearly doubled our return—our original gain, if you’ll recall, was 30% in February<<<

Your definition of patience must be different from mine and Buffett's. 6 month is not patience. 6 year is.

Why is Bill Miller Increasing His Stake in Freddie Mac?

Big money is made when one goes against the crowd and eventually proven right. Miller is not a day trader and he is not just buying a few thousand shares.

Only time will tell if Miller is right. I wouldn't count him out just yet.

The ABCs of the Fannie Mae / Freddie Mac Problems

>>>A bailout would essentially double the public debt, risking a downgrade in the US credit rating.<<<

Guaranteeing a debt is very different from acutally issuing a debt......please be more responsible in your writing.

The Circuit City Train Wreck: Kudos to Blockbuster for Walking Away

>>>At this point, there is really nothing else to say on the subject.<<<

But you kept going, going and going:)

It is good to see so many CC haters out here....time will tell.

RIM Misses Estimates; Palm’s Revenue Also Down

>>>Many analysts agree with my view.<<<

My "favorite" line in the post. If everybody agrees with you, doesn't that make your view essentially worthless?

Buffett, Lynch, Morales? Q&A with Gil Morales

when you are as big as buffett and Lynch, technical analysis simply just doesn't work.

T. Boone Pickens Hedge Fund Holdings

I wonder if Boone Picken is the new Henry Blodget or the new Mary Meeker or the new Abby Cohen....

Apple's $199 iPhone Is a Game-Changer

"My sources tell me that the Treo makes a better paper weight than a smartphone."

My sources??? Ever heard of the Centro? 1+ milion others did...

Check your sources again.

AT&T Subsidy of Apple's iPhone Would Have Dramatic Effect - Bernstein

>>>But he adds that the overall impact would be positive, since the iPhone is more profitable for Apple than the Touch given the fees the carrier pays back to Apple.<<<

T is not dumb. I doubt that they will subsidize the iphone by $200 AND still give Apple the same amount of revenue share it current has. Most likely scenario is that the subsidy will come out of Apple's revenue share.

If the $200 subsidy does take place, this just goes to show who flawed Apple's current iphone pricing/revenue strategy is. Apple has underestimated the impact of gray-market unlocked iphones, and they are hurting carriers' iphone sales all over the world.

And the $200 subsidized iphone will not only hurt the itouch sales, it will also hurt all ipods sales. Apple is in a tough spot.....is Jobs willing to cannabalize its own ipod/itouch sales to grow iphone's revenue?