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Interesting article, thanks for posting. The market still seems to be discounting the earnings power of the banks.

Theres probably better stuff to short than something trading below tangible book value.

You and everyone else doubts the rally, makes me feel better about being long. Treasuries are the safe way to make very little money. Without a headline out of Europe, China Hard Landing, Debt Ceiling, Fiscal Cliff and whatever else they can muster up this market will continue to climb. Just...

What a difference a year makes, if anyone needs proof that the market is not efficient just take a look at this one. The most heavily traded stock day in and day out appreciating 100+% in a year. Thank you Mr. Market.

I started a position through the CAF and have been adding since about 2025 down. I know I won't be able to pick the bottom and have accepted that but what will it take to stop the slide? Seems like regardless of what the Nikkei or Hang Seng do the Shanghai cant get out of its own way.

Yea, your the only guy out there who said AAPL was overhyped and overdone. Ur the best.

Anyone been watching/trading BAC the last couple days? Up until a week or two ago a 10 point intraday drop in the S&P would mean a Quarter drop in BAC, last couple days its been bid up through the daily drops and today ripped up when the S&P bounced off that 1425 support. Even with the heavy...

What am I missing? Both WFC and JPM seem to report excellent numbers yesterday yet it sparked a sell off across all fins. Was this just a case of people taking profits after some good runs? I think C, BAC, GS next week will set the tone for the next leg up/down for the whole market.

From an FT Article today: Short interest in Facebook was hovering near record levels on Monday with investors having borrowed some 83 per cent of the 80.4m shares available for lending, according to data provider Markit. That means 4.6 per cent of the publicly available shares in the...

Writing a covered call not some complicated genius option strategy, thought you would elaborate on your theory a little more. Guess not.

Please aware me why this would be a trade for an Obama landslide win? Thanks

Bruce Berkowitz was quoted yesterday: Defending another big investment, Bank of America(BAC), Berkowitz writes that the bank "is returning to its retail roots (think of Wells Fargo(WFC)) with a $1 trillion deposit franchise and that bank profits will skyrocket as legacy real estate loans...

Just trade whats going on, and what you see the price action doing. It's so easy to be a doom/gloomer yet S&P holding 1400.

The only time a nuke is ever out of the money is 1% of overnights when there is no demand and prices go negative otherwise they are in the money every hour of everyday.

Check out a chart of one of Coal's alternatives, Natural Gas, theres your answer.

Why coal miners? Natty at decade lows, Coal demand has to be on the decline yoy and only continuing.

I guess I'm as lame as you in that I took time to look at your last post, but then I saw this and I see why you like to be a "macho man". 4 handle winners would make me cocky too. Now I see why this thread is dead, good luck everyone.

I got short when 1375 broke after several days of attempting to get through in unsuccessfully. I made that call this morning and now sitting around waiting for that 1350, if it holds ill try long for a short term bounce. Whats ur plan Macho Man :)

Id have to think that 1350 cash is a magnet now. I wouldnt buy anything til we test and hold that level.

This board is dead. RIP