Today’s newly minted market rules (or the psychological impact thereof) have forgiven the sins of a number of financial giants. Among them, Washington Mutual has posted 30%+ gains, prompting WM shareholders, who have cut their 180 days losses to a mere 60.33%, to take to the streets in celebration. Likewise, the 23% gain posted by Goldman Sachs has reduced the gelding of her shareholders to a downright cheery 20.55% loss over 180 days. Morgan Stanley executives were celebrating their mere 33.52% loss over the same period after price controls were introduced by the SEC’s Chairman Cox last night.
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Ban the Longs! This kind of market run-up precipitates bubbles!
/sarcasm
Christopher Cox… complete moron.
(could we set up a discussion on the short selling rules)
only if it is conducted in Pirate-ese
tick. tick. tick. tick. tick. tick. tick.
Ironic?
The best short-term trading strategy right now would be to short the hell out of every financial stock. This run up is such a load.
Does anybody really beleive that the fundamental make-up of these firms has changed? Did the balances sheets turn into gold over-night?
See you in 10 (30) days when this regulation sunsets. All Hank did was delay the inevitable.
YARR!!! DAMN THEIR BLASTED SCALLY-WAG RULES!! TAKE ALL YE CAN AN’ GIVE NOTHIN’BACK!!!
Now they are going to add GE to the list? Where does it end?!
Republicans == Less government.
Yea right.
My compliments to your dope dealer #5
@5 There balance soon will be gold + 20%. Its quiet simple, an intercompany transfer so too speak from publicly traded company’s to the taxpayer via the government.
Here is you’re entry:
MS, GS, MER, BAC etc….
DR. Asset receivable from U.S. Govt XXX
CR. Toxic Crap “Asset” XXX
U.S. Government
DR. Toxic Crap “Asset” XXX
CR. Asset payable to financial firms XXX
U.S. Taxpayer
DR. Income Tax Expense XXX
CR. Cash XXX
See how easy that’s. Problem solved!
Now for the big question. What value will the govt give the toxic assets.
Answer: Hire MS and GS to figure it out! Toxic asset value that was reported on the last Q plus 20%. No? No? YES! Work with me people these financial firms need to make money.
A=L+E and that is the only thing that matters right? No? No? YES!
So how do you hedge youre higher tax expense? Simple buy financials.
JO&C Bitches!
SPODE
this is BS, i’m emigrating
this is BS, i’m emigrating
@10
“Asset payable to financial firms XXX”
Try “liability” and you’re grammer sucks.
SPODE
Since the taxpayers are cleaning up the banks’ balance sheets, why shouldn’t ML’s stockholders vote against the takeover by BofA?
SAVE ML!!!
since when has a govt takeover been gentle on shareholders?? i’m pretty sure there will be major dilution in financials (=> GS at $132 is dumb) and the economy will still slow (=> index up 4% is just as dumb)…
@14 teeheee! i love the law of unintended consequences at work! tho i bet ML would get bitchslapped by paulson if it tried anything like that…
Natural resources: the next generation
By Suchita Nayar
Sunday Sep 14 2008 16:10
FourWinds Capital Management, a €1bn (£800m, $1.5bn) boutique based in Boston focusing on commodities and natural resources, has moved into water-relatedinvestments.
Its London-listed Aqua Resources Fund, launched in July, will invest in corporations and projects targeting waste water treatment, water infrastructure and water conversion. It will zero in on small to mid-size companies round the globe and become a “significant” minority owner as well as investing alongside other limited partners in projects.
The fund is expected to attract investment mainly from European and Middle Eastern institutions, pension funds and insurers.
Is Suchita Nayar full of shit? Ask K. Tara ..or maybe not
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@14 teeheee! i love the law of unintended consequences at work! tho i bet ML would get bitchslapped by paulson if it tried anything like that…
@12 What looks good nowadays?
@ 19 see @17 -
sorry couldn’t resist.