Look Who’s Twittering: S.E.C.
Despite (or maybe because of) my recent SEC criticisms, I was surprised to get a personal email from someone at the agency telling me...
Analysts Overstate Earnings Once Again
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...
No Sign Yet of a Housing Bottom
David Blitzer, managing director and chairman of the Index Committee at Standard and Poor’s, discusses the latest S&P/Case...
What Vintage Was That?
My last Merrill post until the next big writedown (or investigation / indictment): The Merrill sale involved "U.S. super senior ABS...
Actual Merrill CDO Sale: 5.47% on the Dollar
An active trader pointed us to this very familiar looking off-balance sheet shenanigan found in the following paragraph regarding...
Quote of the Day: Michael Belkin
“Most global stock indexes have decisively broken below their 200 week moving averages, which is a major trend reversal. The...
Record Low for Annual Declines for Case Shiller Index
"We’re going to see continued declines in house prices, much more so in problem areas. The decline in home prices, while...