Ray Lopez

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    • Sun Nov 23rd 14:17 PM
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      Rating: 0 0
      Commented on:
      General Electric: Genuine Risk of Collapse?
      Well the US government TARP rescue plan is a thin edge of a wet sponge coverup, equivalent to trying to build a cathedral out of piss.

      RL


      On Nov 19 03:24 PM GeoffreyT wrote:
      > I wish I could come up with material like yours. That was priceless.
      > It reminded me of another clever metaphor on a UK TV show called
      > "Charlie Brooker's Screen Wipe", in which Charlie said that doing
      > [whatever] was "like trying to build a cathedral out of peas".<br/>
      View article »
    • Sun Nov 23rd 14:05 PM
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      Rating: +1 0
      Commented on:
      Citigroup: The End Draws Near
      Well there you go JasonC. Your analysis below points to one of two possibilities.

      First, Mr. Market is way wrong, everything you've seen in C's price is completely irrational, and C has no need for TARP or any other kind of bailout.

      Second, your memo is wrong. Go back and refigure your figures, Junior. "Never trust a memo".

      RL




      On Nov 21 04:18 PM JasonC wrote:
      >
      > Frankly, they could instead restore the magical tangible book everyone
      > worries about by buying in their own debts at 75 cents on the dollar,
      > out of free cash. Or their stock, come to that. All of it, in about
      > 6 weeks.
      >
      > When a company could take itself private without exterior financing
      > and fairly be worth 11 figures after doing so, Mr. Market's brains
      > have left the building.
      View article »
    • Sun Nov 23rd 13:52 PM
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      Rating: 0 0
      Commented on:
      Buffett's Gamble: $40 Billion Bet on Volatility
      Says the author: "Either the U.S. is headed for a decade-long depression or we these are going to pay off well."

      Sez Google: 27 Oct 2008 ... Tokyo's Nikkei 225 index closed down 6.4 percent to 7162.90 - ... to its lowest level in 26 years.
      View article »
    • Sun Nov 23rd 12:25 PM
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      Rating: 0 -11
      Commented on:
      The Truth About Bailouts
      Oh I get it. You didn't get yours, and you want the taxpayers to give it to you.

      We'll see about the revolution you ask for. Don't be surprised if you end up in jail.

      RL


      On Nov 23 12:00 PM The GM kid wrote:

      > Very good Mr. Schiff, I agree this may be the only way, however by
      > throwing Billions at Wall Street and continuning to throw billions
      > at wall street, the stage is set between Blue Collar workers (have
      > nots) and the greedy,very well paid, Big Bonus White Collars.

      > Oh I get it, punish me and the auto workers for all of the unpunished
      > WHite Collar CRIME at AIG.... That Makes sense. NOT
      >
      View article »
    • Fri Nov 21st 18:23 PM
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      Rating: 0 0
      Commented on:
      China: The One Global Market with Gains Behind the Gloom
      Most Chinese save in excess of 20% of their income, so this stimulus money will not be spent but recycled back into banks, which will invest in US Treasuries.


      "Beijing approved a $586 billion stimulus package. In an era of trillion-dollar bailouts, that was almost too small to register on the old Richter scale here in America. But it should have."
      View article »
    • Fri Nov 21st 18:19 PM
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      Rating: +1 -3
      Commented on:
      Bail Out Capitalism, Not Detroit
      Balderdash! Your last paragraph, author, does not jive with your belief in "bailouts being necessary" for the finance sector. What hypocrisy! You work in the finance sector obviously.
      View article »
    • Fri Nov 21st 18:17 PM
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      Rating: 0 0
      Commented on:
      Returns of 'Dead' Hedge Funds Not So Bad After All
      Good one. Hedge funds are doing better than the overall DJ-30.
      View article »
    • Fri Nov 21st 18:13 PM
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      Rating: 0 0
      Commented on:
      My Bet: Larry Summers Will Be Chosen as Treasury Secretary
      Summers made an interesting point: to get to the very top in science, you really need to be good, and right now (for whatever reason, possibly societal, possibly genetic) the really good are men:

      RL

      from Summers speech:

      And perhaps it's not even talking about somebody who is three standard deviations above the mean. But it's talking about people who are three and a half, four standard deviations above the mean in the one in 5,000, one in 10,000 class. Even small differences in the standard deviation will translate into very large differences in the available pool substantially out. I did a very crude calculation, which I'm sure was wrong and certainly was unsubtle, twenty different ways. I looked at the Xie and Shauman paper-looked at the book, rather-looked at the evidence on the sex ratios in the top 5% of twelfth graders. If you look at those-they're all over the map, depends on which test, whether it's math, or science, and so forth-but 50% women, one woman for every two men, would be a high-end estimate from their estimates. From that, you can back out a difference in the implied standard deviations that works out to be about 20%. And from that, you can work out the difference out several standard deviations. If you do that calculation-and I have no reason to think that it couldn't be refined in a hundred ways-you get five to one, at the high end
      View article »
    • Thu Nov 20th 20:20 PM
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      Rating: 0 -1
      Commented on:
      General Electric: Genuine Risk of Collapse?
      Do you have offsetting gains? Then sell and buy it back in 30 days. Also remember to write me in her will.


      On Nov 18 08:26 AM Help me please wrote:

      > Hello! My mom used to own $1,000,000 of GE stock, and now down around
      > the worth of $300,000. She won't sell because she thinks it would
      > be a waste. Won't it eventually go up in the next ten years. Do you
      > recommend to sell at such a loss? I'm worried. Comments?
      View article »
    • Sat Nov 8th 14:24 PM
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      Rating: 0 0
      Commented on:
      Japan Set to Sink Again
      Whidbey is so right. As anybody who has actually visited the East instead of just reading about it, you'll find that the Asians don't give a hoot about shareholders. Stakeholders and employees come first. Sure these JP companies make money--as long as the USA is buying--and they spend it on themselves, not the shareholders.
      View article »
    • Sat Nov 8th 14:15 PM
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      Rating: 0 0
      Commented on:
      Are International Equities Out of the Woods Yet?
      Another poorly done stats piece: "I don’t know that I will be jumping on board anytime soon, but Citigroup (C) notes that at 10.3 times trailing earnings, world-wide stock valuations have tanked to levels worse than that of an 11.4 average for the 1970s.

      To an extent, forward P/E ratios have lost some of their predictive value. After we have seen a slew of downward revisions by companies reporting their third-quarter earnings, these ratios have become moving targets."


      Duh! Are we talking about the 1970s early, or late? Today's trailing earnings were recorded before the crash, so they are meaningless. Just like the "Nifty Fifty" had great, low PEs just after the early 1970s crash, if you used old earnings.
      View article »
    • Sat Nov 8th 14:10 PM
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      Rating: 0 0
      Commented on:
      Another Perma-Bear Converts To Bullish-ism - Barron's
      I agree with all the bears in this thread, and also point out, like several posters, that the math is wrong:, se here: "Tighter regulation is coming and we’ll face a relatively long, deep recession until Q4’09. But by Leuthold's calculation, stock market bottoms occur when a recession is 60% over. That’s this month. "

      No. If Q4'09 is December, and the recession started this spring, then we are 3/(3+4) = 42% over it, not 60%. So we need to wait a few more quarters before saying we're 60%.

      Another "buy side bull" piece. Since it's easier to buy long than short for most retail investors, Wall Street makes their commissions this way. Same old story.
      View article »
    • Sat Nov 8th 14:00 PM
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      Rating: 0 0
      Commented on:
      The Bubble Years and Beyond
      I like Grant, always have, but keep in mind he's a bit of a permabear. He's been saying this since the 1980s. As for Naomi Klein, she's a journalist, looking for an audience, but, unlike Grant, she has little credibility with me.
      View article »
    • Sat Nov 8th 13:57 PM
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      Rating: +1 -2
      Commented on:
      Detroit is Hemorrhaging
      Most economists will tell you with economies of scale, you only need a handful of places to do stuff. Why not let Osaka, Japan make green cars? Toyota would welcome it I'm sure. And the laid off Detroit workers can retool either in retirement or learning some new skill.
      View article »
    • Thu Nov 6th 17:14 PM
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      Rating: +1 0
      Commented on:
      The Long, Steep Road Ahead - to Capitalism
      Nice balanced article. In fact, government is irrelevant most of the time, as the article implicitly points out, and when it's relevant it's usually negative. Greed causes economic ups and downs, and it's best if laisse-faire is practiced. What the government did with the bailout is a crime. They should have continued their 'piece meal' approach which was tried since 2007 with OK results. They flinched and we are paying for it.
      View article »