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Ok so Bear Stink Funds are worthless, where are the indictments?
- Thread starter stock777
- Start date
Quote from flytiger:
That truck is a rusted out '72 pickup. Byrne's win in California is monumental. OH, it'll take a bit of time for folks to realize what just happened, but the Primes are in deep deep trouble.
that's a given, alot of this is perception, I'm all for a discount on GS which is undervalued imho.
Quote from kinggyppo:
that's a given, alot of this is perception, I'm all for a discount on GS which is undervalued imho.
Notice that the major investment banks are sporting P/E ratios of around 10, as
compared to many financial institutions with no exposure to the subprime or CDS
markets, who are often in the range of 20. That would lead some analysts to suggest the
risk is already priced in the market.
I disagree. If you cannot know the risk then you cannot price it, and you can
guarantee it is not priced into the market. Something may be priced, and maybe it is the
right amount, but no one can know for sure. And we do not know the exposure of the
major investment banks to the subprime and CDS markets.
ABX hit another new low today: "Meanwhile, the ABX "BBB" 07-1 index, which measures subprime-related bonds, sank to a fresh low near 43 amid persistent worries about deteriorating loans in that industry." http://www.marketwatch.com/news/sto...x?guid={2FC79742-0DBF-476E-A86E-560CD461602D}
bear sterns is only down 68 cents. What does that tell you about the subprime? Not a big deal. The who funds are FUBAR but that is old news. Glad I didn't sell into the subprime panic today.
I thought those Livermore chapters were timely. It doesn't always happen on your timetable. But nothing good is going on. Nothing.
Bernake grilling was merciless. Much was deserved, but they nailed him for housing woes, all types of things he wasnt responsible for. Doesn't matter. They want blood, and they aren't stupid in Congress. They will trample their own Mother's to get on the "right side" of the issue, which is to side with the people thrown out of their homes. And they'll come after the deep pockets. Just a matter of time. They've got 16 months at most. November of 08
Bernake grilling was merciless. Much was deserved, but they nailed him for housing woes, all types of things he wasnt responsible for. Doesn't matter. They want blood, and they aren't stupid in Congress. They will trample their own Mother's to get on the "right side" of the issue, which is to side with the people thrown out of their homes. And they'll come after the deep pockets. Just a matter of time. They've got 16 months at most. November of 08
Quote from Comanche:
Notice that the major investment banks are sporting P/E ratios of around 10, as
compared to many financial institutions with no exposure to the subprime or CDS
markets, who are often in the range of 20. That would lead some analysts to suggest the
risk is already priced in the market.
I disagree. If you cannot know the risk then you cannot price it, and you can
guarantee it is not priced into the market. Something may be priced, and maybe it is the
right amount, but no one can know for sure. And we do not know the exposure of the
major investment banks to the subprime and CDS markets.
LEH denied exposure. MER and JPM beat est including writeoffs for subprime. Allstate and Washington Mutual show no exposure.
Looks like Subprime will take backseat til after expiry.
Quote from newbunch:
ABX hit another new low today: "Meanwhile, the ABX "BBB" 07-1 index, which measures subprime-related bonds, sank to a fresh low near 43 amid persistent worries about deteriorating loans in that industry." http://www.marketwatch.com/news/sto...x?guid={2FC79742-0DBF-476E-A86E-560CD461602D}
actually that ABX BBB closed @ 45.00 just a hair off yesterday's close of 45.02.