We have been noting that earnings expectations are way too high for the second half of the year (Q3 +20%, Q4, +50%). It turns out that...
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A brief review of recent Merrill CEO statements: 1. We don’t need capital; 2. We could use some capital, but we won’t sell...
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I’m on an earlier than usual train home today, to take the missus out to dinner (she just flew back into NY today). Change at...
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Jason Zweig has an interesting column today in the WSJ: Inquiring minds want to know: What would Graham do? This column, named after...
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James is an unusually clear eyed analyst: “In good times, few focus on such ‘mundane’ issues as earnings quality and footnotes....
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Here’s a fun trick: Go to SeekingAlpha, and in their searchbox type in the word "Recession." Then filter for...
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The anticipated bear market bounce in Financials has led to the usual fools’ chorus that the worst is behind us, the economy is on...
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Longtime readers of mine — going back to the email days 10 years ago — will note that at various times I have been bullish or...
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Every time I read an article like the one below, I get a flashback to that scene towards the end of Animal House, when Kevin Bacon...
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Yes, we’ve turned the corner, out of the woods, always darkest before the dawn. What — whats that you say? More writedowns?...
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