http://www.marketwatch.com/news/sto...512-8AC4-4324-B82B-43EC7FE30E7A}&siteid=yhoof
Dividend raised 10%.
The entire banking industry is NOT in trouble.
Dividend raised 10%.
The entire banking industry is NOT in trouble.
of course its smoke and mirrors
dead cat bounce
classic bear market action with super ramp jobs in the trash
tizgloom and doom near term bull
buy, buy, buy
sub 10000 coming after they done with this bear shake giving bulls hope all the way down
we bear play with your emotions
GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
dead cat bounce
classic bear market action with super ramp jobs in the trash
tizgloom and doom near term bull
buy, buy, buy
sub 10000 coming after they done with this bear shake giving bulls hope all the way down
we bear play with your emotions
GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
divy raising is the oldest trick in the book to keep equity prices afloat
also well fargo isn't in deep shit like some others they probably are okay
there are more indymac's coming in the future
near term banks won't be as bad as expectations most likely....but long term the gloom and doom gonna last longer than expected...
earlier it was recovering in 2nd half of 2008 now they've given up on that
now they shooting for early 2009 recovery
and come end of 2008 they'll be shooting for 2nd half of 2009 recovery
also well fargo isn't in deep shit like some others they probably are okay
there are more indymac's coming in the future
near term banks won't be as bad as expectations most likely....but long term the gloom and doom gonna last longer than expected...
earlier it was recovering in 2nd half of 2008 now they've given up on that
now they shooting for early 2009 recovery
and come end of 2008 they'll be shooting for 2nd half of 2009 recovery
also there will be some winners outta this mess as well after its all said and done
as things progress you are gonna have stapedes from iffy banks to sound banks
for instance i had my mom move from NCC over to USB even though USB is offering much lower rates on money markets and CDs
WFC probably in the sound bank category IMO well its equity price tells me so at least
unlike WM, NCC, ZION and many others
banking industry needs alot more consolidation and cleansing
some really bad ones that did bad things are gonna have to be thrown to the wolves or taken over by others like bear stearns and indymac
as things progress you are gonna have stapedes from iffy banks to sound banks
for instance i had my mom move from NCC over to USB even though USB is offering much lower rates on money markets and CDs
WFC probably in the sound bank category IMO well its equity price tells me so at least
unlike WM, NCC, ZION and many others
banking industry needs alot more consolidation and cleansing
some really bad ones that did bad things are gonna have to be thrown to the wolves or taken over by others like bear stearns and indymac
WFC has been spared alot of the stock price decline relative to its sector.
QL comedy gold today.
90% of the sector has been smashed the past year and you are past posting today about one stock that had a great day.
Cant post in the sell thread anymore, eh?
Any comment about VMW mister glass half full?
You sure loved that one last year.
QL comedy gold today.
90% of the sector has been smashed the past year and you are past posting today about one stock that had a great day.
Cant post in the sell thread anymore, eh?
Any comment about VMW mister glass half full?
You sure loved that one last year.
y USB that i think is fine and didn't get involved much in the mortgage market really got beat down today as well
ramping 14% today
looking at things it got a bit overdone near term and really spilled into some of the bigger sounder banks as well probably too much at least on a near term basis
correction to the upside looks necessary before we plunge more
ramping 14% today
looking at things it got a bit overdone near term and really spilled into some of the bigger sounder banks as well probably too much at least on a near term basis
correction to the upside looks necessary before we plunge more
All I saw in the sell thread was a bunch of pack dogs descending on a carcass ignoring the other healthy sectors available. I think there are many here that take delight in their own misery.
Made a good amount on VMW until it started decreasing then got out.
Do you see any favorable sectors in the market WOOF or are you only pointing out the negative to support your bearish predictions?
Do you have any support for your 90% of the sector being smashed? All I see are statements but rarely see support from you.
You are right, the banking sector is not what it used to be.
http://finance.yahoo.com/echarts?s=...=on;ohlcvalues=0;logscale=on;source=undefined
But an honest question here, I see that in the mid-90's the banking sector shot up to the low 90's and stayed there even during the crash of 2001+. Any reason that it stayed buoyant during that time? Just wondering.
actually jambo the deflationist bear in me says people are gonna be perplexed when oil stays down for the count and the market continue to tank
after this dead cat bounce is over
to date i've been wrong on that though
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buy some garbage near term QL the bear market rallies are viscous and can be very profitable if you are trading but don't hold long term
i went with GE down here as a conservative long with some of the money from shorts i covered if it all works out and i get 10% or so gain
plan on letting the profits ride long term when i think the next top is in
GE probably going lower but eh pays a good divy and won't go under so buying up shares cheap
building up a long term portfolio with my short profits along the way...
after this dead cat bounce is over
to date i've been wrong on that though
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buy some garbage near term QL the bear market rallies are viscous and can be very profitable if you are trading but don't hold long term
i went with GE down here as a conservative long with some of the money from shorts i covered if it all works out and i get 10% or so gain
plan on letting the profits ride long term when i think the next top is in
GE probably going lower but eh pays a good divy and won't go under so buying up shares cheap
building up a long term portfolio with my short profits along the way...
companies were flush with all kinda of cash at the tech bubble height problem then was the growth rates just weren't sustainable and speculation was crazy
our budget was nearly balanced in washington as well at the peak due to all the tax revenue
financially we were sound at the time just got way to overenthusiastic
same thing happening in china they sound financially but 50+ average p/es not sustainable 6000 to sub 3000 plunge there on their stock market
over the past 5 years though the really really bad stuff starting piling up with the big time debt bubble games created to make the pain of the tech bubble fallout worse
secular bear started in 2000 IMO they last a long time....we just threw in an inflationary bubbilicous cyclical bull from 2002 to 2007
I've mentioned in other posts that the reason a lot of these banks are having troubles is that they are/were heavily leveraged. They owed more than they were worth. There was another thread about whether Citibank would go under. I believe Citi and Wells Fargo are working under quite different models and are not as leveraged as Indy Mac/Countrywide/etc.
the tech bubble was never allowed to fully burst as well
due to greenspan's "fighting deflation" that led to this current bubble debt bubble we now have
some went under and others ripped through tons of cash but some were allowed to stay afloat on debt
AMD will likely get bankrupted by intel for example by the end
plus as far as viscous cycle/perfect storm
we got baby boomers starting to retire now and my generation likely not gonna see a dime of SS that we paying in
just very gloomy looking long term and no way to candy coat it really
that said equity prices tend to bottom out much quicker than the real economy
for example great depression started in 1929 equities hit bottom in 1932....but was still a depression on the streets into the late 30s
once i see GE types in the single digits P/E wise likely when we getting near the end of the equity pain
and honestly only a rational response to the 40 p/es we saw in GE types in 2000....the ebbs and flows of the marketplace
that's the big thing that was crazy about the tech bubble you had huge low growth blue chip companies at humongous p/es
at times things get extremely overvalued at times things get extremely undervalued....we likely heading towards and extremely undervalued time
also techs need some reevalution/repricing intel is a GE type at this point....shouldn't be at a p/e near 20
we got baby boomers starting to retire now and my generation likely not gonna see a dime of SS that we paying in
just very gloomy looking long term and no way to candy coat it really
that said equity prices tend to bottom out much quicker than the real economy
for example great depression started in 1929 equities hit bottom in 1932....but was still a depression on the streets into the late 30s
once i see GE types in the single digits P/E wise likely when we getting near the end of the equity pain
and honestly only a rational response to the 40 p/es we saw in GE types in 2000....the ebbs and flows of the marketplace
that's the big thing that was crazy about the tech bubble you had huge low growth blue chip companies at humongous p/es
at times things get extremely overvalued at times things get extremely undervalued....we likely heading towards and extremely undervalued time
also techs need some reevalution/repricing intel is a GE type at this point....shouldn't be at a p/e near 20
