Deutsche Bank says it will have profitable Q2, no sizeable write-offs, no new capital needed.
Uhhh ... I would like to hear that from BAC, WB, C CEOs. Maugre* their silence, I am thinking of going from a double up on BAC to a triple up even now. I read another bearish story on BAC, so the beefers must be trying very hard to push it lower. They do plant those stories to create selling pressure in the same manner as they coordinate with analysts for sell recommendations. This is part of the Jesse Livermore, 1920s stock manipulation playbook that the idealists / knaves at the SEC now permit.
*Maugre is a word of the day today.
Stilling thinking about the buy list ...
I have to wait a couple days for big checks to clear to get the new money to my brokers, so no hurry here.
Thinking about a July 4th BBQ, too. Bunker beans will certainly be part of that.
PS: I wonder how many shares of bank stocks were bought back by the banks at high prices in 2005-2007 ? Share buy-backs are such a scam and foolish.
Words of the Day
"Maugre" - preposition [$100] - archaic now, from the letters of George Washington
Maugre means in spite of, notwithstanding
Sentence: see * above.
"Synecdoche" - noun [$10]
Synecdoche means a figure of speech in which a part is made to represent the whole or vice-versa (for example "new faces at a meeting").
Sentence: In this US presidential campaign "Obama" is used by the press as a synecdoche to represent the Democratic candidate, Barack Hussein Obama, in a similar manner that "Hillary" represented Hillary Rodham Clinton.
Subscribe to:
Post Comments (Atom)
36 comments:
'1920s type manipulation'
give me a f'ng break
bank loan officers giving 600k mortgages to a toll booth collector .....was that common in th 20s???
Maugre the Bmans crazy predictions ('they will gain market share') , american banks are on the verge of collapse.
interesting that the Bman likes to quote a man who went belly-up a few times and blew his brains out
1920s indeed
Actually, Bud, a big problem in the 1930s were the balloon mortgages that were standard in the 1920s. People could not refinance even with a job since the home values had fallen. That is happening now ... and I wrote about it before.
So the 30 year, fixed rate mortgage was created, as was the FHA which is now being revitalized.
There's a song from the 1930s referring to the long, 30 and 40 year fixed rate loans in a verse. I think I've quoted it here before.
Many banks failed due to horrible Fed policy that added to the deflation of the period.
i gonna head out early today to work on my yhaoo handicap index
i actually played with 'the claw' grip last weekend.....i like it.....helps me stay down on the ball..........good tip mfl
claw grip.....a trader that has the yips on 3 foot puts?..LMAOOOOOOOOOOOOO
was that Benny Bigley Bunk?..lol
benny bigley.....looooooooool
what's the title?.....i wanna get that song on i-tunes
Meredith Whitney at it again....crushing MER...did I wake up in 1924?
i was readin some of the analyst coverage on BAC/CFC deal last nite
it was hilarious!!!! talk about 'hogs at the trough' and 'lootin the shareholders'
Bman likes to bash GS.......and yet he buys BAC
what does mozillo have on ken lewis??
i wonder why the Bman is listenin to frosty on BAC
does the Bman think frosty knows somethin about the banking indiustry?? he worked in the f'ng mailroom.....and the bathroom ......not the boardroom
i'm also thinkin of buyin the ping g10 mallet putter......i putted with it in the store.......felt good
'scotty cameron'
pfffffffffffffffffft
That song was "Will You Still Be Mine" - Words & Music by Tom Adair & Matt Dennis - Recorded by Connie Haines, 1941.
...
"When Garbo gives out interviews
And Harlem folk forget the blues
When G-Man Hoover's out of clues
Will you still be mine?
"A song of love will just remain a gay note
When we have finally paid our FHA note
"When Barrymore first hides his face
And when Yehudi leaves a trace
When Crosby's horses win a race
Will you still be mine?"
My version is from the Tommy Dorsey Band with Connie Francis singing.
you guys are such philistines
;-)
connie francis
lmaoooooooooooooooooooooooo
PS.....i believe frosty has connie francis poster in his bedroom.......frosty loves show tunes
from Briefing: "The increases for the first two months of the second quarter suggest a solid gain in this GDP component. Every major component of GDP for the second quarter is thus on track for a decent increase, except for spending on residential construction. "
uh ... strange "recession"
BAC plus 20cents
"great trade Bob !! "
this is looking more and more like the panic of 1907.
nope, frosty ... there was a recession in 1907-8
Maybe 1903. Or 1962.
i though this market was just beefers trying to create panic??
do beefers ever buy stocks?
no beefers only sell and short.....not sure how they can enter sell orders without being long
'rich people shud just invest in index funds'
paulson put a bottom in the $ today...W and that crack eco team kicking G-8 today....atta boy.
atta boy teamate....atta boy frosty
4 more years !! 4 more years !!
long live the GOP !!!!
die Obama die !!!!!!!!!!!!
Gosh, guys, haven't you learned anything ?
Beefers are herd animals - they follow the herd ... so until the trend changes, they will short everything.
When the waterhole runs dry they will stomp around, but until then, they'll stick to the herd.
;-))
it is amazing how the beefer herd runs the trannies up to a new all time high then crush them.
looks like thh herd been at the same financials darkside watering hole for over a year now
wateringhole hole my ass..........more like a bay or a sea......the dead sea
lol
beefers gone wild indeed!!!!
bring back the uptick.
Bunky this one worth a look...WFSL
Much of the Seattle-based thrift's business is tied to real estate, including first mortgages on single-family homes as well as construction and home equity loans.
But unlike its peers, it exercised caution when it came to the housing boom, notes Auxier. Last quarter, the company said its non-performing assets reached just 0.58% of total assets. That's far below what was reported by its cross-town rival Washington Mutual, whose nonperforming assets grew to 2.87% of its total assets.
Investors certainly won't score the same deep discount as with other firms by buying its stock, as the stock trades at 1.37 times its book value, more than twice what the average savings and loan stock is priced at.
But they will own a piece of a strong "plain-vanilla" lender, said Auxier, with more than 100 offices in seven states that reported higher earnings last quarter, and is expected to do so again later this month. It also has an attractive 4% dividend yield that looks pretty secure.
declares today holders 7-11, pays 7-25
interesting frosty
am i correct that GDP has been lower than the CPI for the last 3 qrts?
how many quarters in a row, before its officially stagflation?
todd harrison is mumbling about deflation, again.
he pounded the table on that from 00-03. he got pretty smoked in 03, but has been smoking hot since going long energies and the metals and shorting the fins. i see he 100% cash right now, and looking at some consumer durables here (on the long side)
Billionaire investor Warren Buffett says the economy is in recession and getting worse — but he sees opportunities in the crisis.
“Everything connected with construction and with consumer, I see weakness, and if anything, it’s accentuating a little bit,” he said in a recent television interview.
The chief executive of Berkshire Hathaway also thinks inflation is picking up, especially in steel and oil.
“In my adult lifetime, up until the last year or two, there’s been a huge amount of excess supply available. We don’t have excess capacity in the world anymore, and that’s why you’re seeing these oil prices.”
housing bottomed last week.
dude i need to try that new stain u seemed to have developed in the bunk.
;-)
ps- i must speak with this doctor from johns hopkins on his magical mushroom study. this freak thinks that giving shroms to terminal ill people might be good therapy. he is testing normal adults in a stress free environment, and they are having quite the spirtual journey.
A. DUH!
B. having been down the rabbitt hole a few hundred times, imvho, once u start tripping, all that person is gonna think about is his cancer or aids or whatever and it will 6 hours of sheer hell.
everyone shud try it, but not after say 25. it is a young persons thing, and clearly is rather enlightening and entertaining.
no, you are not correct. GDP numbers published are "real" numbers adjusted for inflation (using headline GDP deflator). So a positive number is real growth.
I think a year of GDP growth below 1.5% would be "stagnation" ... but you still need some broad-based "inflation" outside of oil and food for "stagflation".
WFLS ... tough for me to own a four letter stock LT.
Except the big ones like AAPL, GOOG, ORCL.
Post a Comment