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I get it, this guy is a modern day Orson Wells. His facts are so far off and his dates are Nostradamis-like. If we are 18 days away from the apocalypse in debt markets with US bankruptcy, how come auctions were 3-4x oversubscribed this week? Chinese have no choice but to keep their resources in...

I can't believe this thread is still around, but I understand the concern with talk of the STT catching a few more headlines last week. It appeared that the AFL-CIO jumped on board. Here is why I was floored by this and am not in the least concerned about this ever coming into law. Last...

Well, in the spirit of giving Michael Vick a chance, sounds like your guy paid his dues. Your post sounds contradictary though: if it is a broker dealer, then Series 7 is required. In this instance he will have a tough time getting past FINRA. If no series 7 is required for some reason, hedge...

We are all so tired of 'them' saying we are due for a correction, now that we are impervious to the 'boy that cried wolf' - we will probably get it. Something that just snuck by on the newswires at 3pm was consumer demand for credit. The market ignored it. These are not credit lines cut by...

Wondering how he came up with the 500,000 GBP buyout figure. Did he use a DCF model? Assuming she had clients 2-3x week at say 500 GBP, thats 10k/mo or 120k/yr. I wonder if 4.5x cash flow in the service sector is in-line. Did he account for a depreciating asset over 10 years. What about the...

Delpz, This is a no-brainer to me. First of all the 'prop' position is a horrible offer. 35-65% is backwards. Should be the other way around. Second, almost $5000 a month in interest? If you are flat every night there should be no interest charge. ITs a ridiculous desk charge. If you are...

I guess he was thinking why rent when . . .

My concern is betting AIG closes between $38 and $47 two weeks from tomorrow, when this could be tomorrows range! Unless you spend a lot of time during the day chasing delta, but this will eat up your premiums. Think they are expensive for a reason, you know?

I'm sorry, but I disagree with this article. Government does not own preferred as the author states, they own warrants. There is a difference. The warrants were issued as collateral for an $85bil 24 month loan. If this is not satisfied, then they will convert the warrants and take over the...

After seeing what the S. Bernstein analyst said, which was actually an old target of $10, he downgraded his rating, which sometimes I know they do to get points toward their II rating. Institutional Investor keeps track of stocks after rating changes and ranks analysts on this. It was looking...

Thanks Joey. Check out the pumping swells comin in behind Bernies house! This is why I went thru such pains to stay out there . . . click here for rollers at Bernies

Ok, we finally got an analyst to come out with a valuation. It was pretty ugly. Sanford Bernstein pretty good research shop and he said no reason to hold something that might very well be worth zero. He was generous after this and put a price target and most likely scenario/valuation of $10 on...

Sell their stock? :confused:

Gov't is not in the business of owning stocks. I wonder how they are going to get out of their warrant position. Do they convert them and do secondaries? They can't let them publicly trade, because they would only get fair value to vol traders who would delta hedge them. We all know what the...

Like any other summer destination there are locals that stick together. Hope you guys get together. Let us know when you open a shop. That would be a great location for a prop office. Prefer Montauk where people are more laid back. Ditch Plains used to barrel after storms. Used to go out and...

I cut back a little at the close, mostly because even with a 3.7 beta it was off much more than the mkt. Treating it as a normal stock even though it is its own animal. In it still because I think a lot of today had to do with Barrons article and this level is a 1/3 pullback from the highs on...

Well Barrons also said to sell Citi here today too. We'll see. I haven't seen the article but all I have seen is that they said it has negative Net Tangible Assets, don't know if they put a number on it or are guessing. It says they are positive $50bil at end of June on their published 10Q...

This is the same old news drummed up about the same leftist congressmen that want to sling stones in every direction because they are pissed at the world. The interesting thing about this atricle from thehill.com is that it drags in the AFL-CIO. They have studied this tax and the largest...

Oh I could tell you stories. Like I said, internal audits were painful and surgical. These young auditors were from the very best of schools and trying to substantiate their own existence and move up the corporate ladder by catching something. Questions from regulators were so off-based and out...

You know Ivan, I am not really defending anyone here. Actually I am an independant trader for a reason. I will never go back to one of these firms or hedge funds. You have to make money, your department has to make money, and the fund/firm has to make money to get paid. Most of your pay gets...