Time to Nationalize Banks? A “Bad Bank” for Toxic Assets? What is the FDIC’s Role? – Roundtable Discussion with Josh Rosner of Graham Fisher & Co., Catherine Mann of Brandeis International Business School, and Mark Sunshine of First Capital
Bloomberg, January 24, 2009
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Putting aside its incredible product line and pipeline of more, its still attractive valuation relative to earnings, and its $100 per share of cash that may be used for a dividend soon, Apple's stock has gone parabolic. And, parabolic moves always end one way, back to the place where the parabolic move began. Now, AAPL can of course power higher to who knows where in this move but the largest market cap stock in the world has now entered a tenuous phase, strictly technically speaking. But I digress. German investor confidence, the ZEW, in the next 6 months rose back...
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January 26th, 2009 at 8:32 am
If Barry allows it I am going to be seriously off-topic this morning, but it is something that concerns me.
Timing.
Most of us here, except for Mr. Bouchers who I never really understand, have done pretty well during the downturn, and I think that can mean as little as we’ve preserved our capital, and maybe made a few cents or so…I think there is a temptation, as this thing drags on, to try to catch the falling knife and buy in, or dip a toe as Barry says.
One of the smarter individuals I read on Mondays is John Hussman, who runs two funds and has a Ph.D. in economics. He, too, had done pretty well until recently, when he took most of his hedges off, and tried to get in on the recent stock price increase…well look at how it skewed the growth fund…
http://finance.yahoo.com/echarts?s=HSGFX#chart1:symbol=hsgfx;range=6m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined
See the October through December action? This is the time period when Dr. Hussman felt it was ok to step out of the tub, but he slipped on the soap when he did…
My point? Sure this thing seems to be dragging on…but if you’ve been patient, well be patient!…..
Some of the smarter investors I have read say they hope they don’t ever get in right at the bottom or get out right at the top…and I think that is my philosophy too, FWIW..
Now back to peeps who actually do this for a living…