Congress Quietly Moves Pecora Commission
Tucked into an anti-fraud bill moving through the House and Senate is a Pecora-style commission with subpoena power. The negotiations...
Sentiment Reading: Neutral
One of the refrains we have heard lately is that “Everyone is too bullish.” Looking at the data, we find that the sentiment...
Picture du Jour: Stock markets – it’s all about confidence
Picture du Jour: Stock markets – it’s all about confidence A key requirement for the recent stock market gains to be more...
ADP? Really?
Markets leap up from the open on a better than expected ADP Payroll report. Given the history of the ADP report’s failure to...
How Do You Raise Capital Without Having to Raise Capital?
According to the leak du jour, BAC needs $34b in equity capital in order to absorb the losses estimated in the ‘stress test.’...
33% of Homeowners w/Mortgages Are Underwater
According to Zillow.com, nationwide, the number is 22%, up from 18% Q4 2008. In California, 32% percent of homes are worth less than...
Bank of America Needs $34 Billion
We got your stress right here: We won’t get the official stress test results until tomorrow, but the dollar amount needed to be...
A True Outsider’s Perspective Revisited
Good Evening: After yesterday’s launch into space, U.S. stock prices spent Tuesday settling into a comfortable, if slightly lower,...