Any potential good news that will support the financials?

Bank NY Mellon recently took write down on Alt A MBS of 5 billion at 25 cents on dollar on M 2 M to 1.24 billon if carried as loan write off loss would have 240 Million, thats the differance carried on the books. Check numbers at bankstocks.com Gary Townsend articles.
 
MTM only applies to loans that the firm has put for sale. For the loans that are held until maturity, MTM does not apply. Those loans follow a different FASB rule.

What is going on is that bad loans that were held for sale are now being pushed into longer term loans because firm is forced to renegotiate the loans to avoid foreclosure.

The article does not compare (a) MTM with (b) Forced pushing of short term loans to longer term loans (at not so good IRR). When comparing (a) with (b), MTM is better.

It compares (a) MTM with (c) Longer term loans that were originated with appropriate IRR for longer term loans.
 
Quote from vikasd:

Tax payers have to foot the bill whether banks stay private (with bailout) or nationalized.
More...

The Constitution DIED in 1933 after the traitor FDR STOLE the gold and silver from the people, so I am NOT worried about capital/corporal punishment. Nationalization or not - hang/decapitate the banksters. The ilk of Bernie Madofff/Stanford have "killed" more than a few people...by subjecting the future generations to untold taxation to pay off the debt they created...while these scum are still alive...extract their organs and whatever else can be "salvaged" from their useless existence!

-gastropod
 
Quote from Rabbitone:

It is more than just financials. Look at every major sector in the S & P using any technical analysis method and every thing is in the crapper. All are blinking buy signals for a short term rally. For example RSI (14) is at 28.90 on the daily XLF.

But these indicators don�t mean anything. What every one is looking for is the catalyst that turns these markets around. Instead we may drift around all this coming week going lower and the following weeks. Bad news may knock us down more.

But the stage is set to jump higher. That is why so many traders are covering shorts. That is why I did.

Listen to Nervesasteel. We will go right back down quickly if Obama does not soon get toxic assets out of banks. This is the only way to stabilize these markets. Everything depends on secure viable financial markets.
More...

Looks like your prediction worked, look at today's early morning rally... Could you please explain your indicators, esp. RSI (14) above 28.90?

I esp like your "catalyst" statement. That's exactly what happened today...
 
Quote from vikasd:

They are not flashing buy signals. S&P is expected to report $33/sh in earnings (as reported). In a bear market you can expect 9-11x earnings. Currently we are trading at 21x expected earnings.
More...

There is only one historical sample point for supporting this 9-11x earnings estimate, the great depression, right?

With that small sample, it's hard to say...

Any more supportive evidence?
 
Quote from gastropod:

Any potential good news that will support the financials?

Yes, they can only go to zero :D
More...

Folks, even a Citi news coming out already makes the market rally like hell...

The market was really oversold ...

RabbitOne wins...
 
You must log in or register to reply here.
Back
Top