still deciding

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  • Bank of America: Bank on This Opportunity
    Completely agree. MER and BAC look good together.
    Sep 19 09:09 am |Rating: 0 0 |Link to Comment |View article
  • The Banking Sector Has Bottomed
    I agree. SPY up from here
    Sep 19 08:51 am |Rating: 0 0 |Link to Comment |View article
  • Bill Gross: Politicking for His Own Bailout
    Interesting. While Gross sounds as if he is begging to save his own investments, one cannot argue that the asset and deleveraging cycle that he decribes, along with debt deflation, is occuring. We can all worry about moral hazzard, and about how the government cannot and should not support investor risk. Nonetheless, ONLY the government can support an orderly return of private capital to the marketplace given the scale of this problem. To leave this entirely in the hands of private investors and the marketplace has and will continue to result in financial ruin for many hard working Americans. We can all bemoan those who purchased homes they could not afford. However, the average American is wise and frugal, and had NO intention of NOT making his mortgage payments on time. If you believe that, then you must also believe the average american is a crook and therefore all investors should have no faith in our capital markets in the first place, which are based entirely on trust (if so, then our financial system would be BASED ENTIRELY ON moral hazzard). Instead, speculation by private investors (perfectly justified, btw) created an environment that priced homes out of reach for many Americans, the great majority of which simply want to live in a better neighborhood for their children. Not everyone currently facing forclosure is ignorant, or a deadbeat. Many have simply lost jobs because the same private companies that (correctly) are hoarding cash, and develering the balance sheet, are laying off workers. All bubles burst to the extreme in the opposite direction. One cannot say that poor Government supervision of Fannie and Freddie and the private market created at least part of this problem, and then at the same time suggest that the Government should again repeat that mistake and not play a coordinating role is helping the private market to solve this problem. And as with all of the bubbles past, regulation will exist to prevent a repeat of this problem. America's financial market has always created bubbles. It is our job to learn from our mistakes, not simply suggest that it is every man for himself.
    Sep 06 11:48 am |Rating: 0 0 |Link to Comment |View article
  • Citi's Pandit: Still Going in Circles
    I believe it is too early to make this call. What would you have him do...now is not the time for firesales. now is the time for deliberate action - well thoughtout, planned action.
    Aug 13 11:58 am |Rating: 0 0 |Link to Comment |View article
  • High Likelihood of a Market Crash
    This is quite interesting. On one hand, the Omen is a fairly reliable predictor of, if nothing else, a downturn in the market - near a 40% probability. However, we could be observing a fundamental shift out of an S&P index weighted heavily in Financials toward one more permenantly weighted tech and commodity for the intermediate term. If the later is the case, we could easily simply drift sideways in a range for 18 months to 3 years. my guess is that is the case - since the large cap investment banks and the Private Banks are desperately wondering where profits will come from for the next 3-5 years. Remeber, institutions drive the market, and institutional money is betting long term against financials.
    Jun 22 13:10 pm |Rating: 0 0 |Link to Comment |View article

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