Asterisks Abound
A quick comment prior to running to a meeting: Last week’s deeply oversold condition allowed Treasury and SEC to orchestrate what...
Markets After Big One Month Declines
Welcome to a new quarter, back from the long holiday weekend, and to the start of another earnings season. There are many cross currents...
Are We Too Gloomy?
That’s the question asked by the Washington Post: "Soft? You betcha. In recession? Quite possibly. And a crisis in the...
Read It Here First: Half of Wall St. Profits Are Gone (So Far)
Last year, we looked at the issue of risk adjusted gains for the S&P500, and most especially for the Financial sector. At the time,...
How Did Lehman Delever?
Naked Capitalism looks at the question "Just How Did Lehman Delever?" I tracked Lehman’s (LEH) stock action before and...
Stocks: Negative Return Due to Inflation
Interesting Bloomberg article this afternoon on corporate profits and raw cost inputs: "Inflation is eliminating the rewards of...
Updating Lehman Sell Call
2 weeks ago, we reiterated a previous Sell on Lehman Brothers (LEH). That worked out pretty well. Even with the Dow up 160 points today...
Sell Rating on Brokers
Note: This was written Sunday, and scheduled to post later this week — but given the Lehman news, its more timely this AM: >We...
Lehman posts Jumbo $3B Loss; To Raise $6B
I’ll have more on the brokers later today, but this is simply an enormous whack: Lehman Brothers to post $3 bln loss; sets $6 bln...
Follow Analysts at Your Own Financial Risk
One of our major themes around here is that investors need to learn to think for themselves. That may be obvious, but...