WindsorNot's Profile
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Entry: SAC Capital Taking A Breather
posted by WindsorNot
Oct 11, 2008 2:31AM
@35/37
Why would they need to nationalize either MS or GS if they are "fine" from an operational standpoint, as you say? As far as I've read both are fine as going concerns until mid/late 2009, assuming (big assumption, I know) credit markets ease up again. The market is *not* operating on fundamentals at the moment. Google and Research in Motion, for example (and don't flame me about the specifics-- this is a rhetorical point) are trading at or below enterprise value; if I may quote Amy & Seth: "Really?!?" ROE of 21 and 40% respectively. REALLY?!? Sign me up.
So what if Morgan is trading in single digits or Goldman is down to an 8 handle if they have enough capital to withstand the storm? Clients pull out? Some, yes. Prime Brokerage loses hedgies? For sure, but they're fickle and losing money at a prodigious rate anyhow. If anything, the margin calls Morgan and Goldman are squeezing these guys with only better shore up their balance sheets and reduce leverage. Will it be a rough go? Obviously. Nationalize them? I don't see it.
Entry: SAC Capital Taking A Breather
posted by WindsorNot
Oct 12, 2008 2:55AM
@39. Margin calls **on** the hedge funds, not on Morgan or Goldman. Read a little more carefully before self-indulgently hitting "post comment".
Entry: SAC Capital Taking A Breather
posted by WindsorNot
Oct 12, 2008 3:02AM
@50. I wish I had the authority to ban your IP address. You're wasting everyone's time. Grow up.
Entry: The Sound Of Silence
posted by WindsorNot
Oct 12, 2008 4:39PM
This site really needs to stick to what it does best: being on top of the breaking news on the street. Incendiary speculation without any supporting evidence involving publicly traded companies is just the kind of thing that can get you arrested. EP, why don't you take a page from Bess's book and post entries that are based on some actual information.
Entry: Treasury's Got Mitsubishi's Back
posted by WindsorNot
Oct 13, 2008 12:08AM
Mack will issue a statement rebuffing the adjective. I really hope he goes with: Their Excellency, Investment Bank for Eternity, Morgan Stanley Incorporated, Lord of All the Beasts of the Earth and Fishes of the Seas and Conqueror of the British Empire in Africa in General and Uganda in Particular.
Entry: Caption Contest Monday
posted by WindsorNot
Oct 13, 2008 10:14PM
'Konichiwa, eh Mack?'
'Shut up. Vikram.'
Entry: Caption Contest Monday
posted by WindsorNot
Oct 14, 2008 1:56AM
"God, I want to punch him. So. Hard."
-- JM
Entry: Dealbreaker Afterdark: The Rising Sun
posted by WindsorNot
Oct 14, 2008 2:18AM
Schadenfreude goes both ways @1. The doubters of MS, rumor-mongers, yadda yadda, more than likely got their comeuppance today -- so, chill out, man. Have a toke. If you really think you're qualified to take the higher ground, why don't you prove it with a little bit of dignity? I overreacted to EP's "Sounds of Silence" post on Sunday, but wouldn't you know, she was right to call the whole deal into question. The crowd here, by and large, knows what's up, and Bess, EP, Daniel, and Muff (sweet, delectable, fictional Muff) do provide quality insight and oftentimes even scoop the Journal. Yeah it *is* a "tabloid" (how many actual tabloids reference themselves as such?), but it's not the font of self-referential, agenda-laden dreck you might find at Clusterstock. They'll get theirs, if they aren't already.
Entry: Write-Offs: 10.27.08
posted by WindsorNot
Oct 27, 2008 9:13PM
@ 3, what the hell are you referencing?
Entry: Assignment For The Class
posted by WindsorNot
Oct 03, 2008 12:21AM
SEG, I have to agree. I think "guest" commenting should be disabled. SPODE might singlehandedly making me dumber than "Palin's" youngest.