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	<title>Comments on: Financial Institutions, Market Cap, 1999-2009</title>
	<atom:link href="http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
	<lastBuildDate>Sat, 21 Nov 2009 21:34:11 -0500</lastBuildDate>
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		<title>By: flipjes</title>
		<link>http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/comment-page-2/#comment-158514</link>
		<dc:creator>flipjes</dc:creator>
		<pubDate>Tue, 31 Mar 2009 14:11:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=22889#comment-158514</guid>
		<description>Mark E Hoffer Says:
March 30th, 2009 at 1:14 pm

I’m not sure ‘market cap’ is the best judge..

in “Banking” aren’t “Deposits” the typical yard-sticks for [bracketing]?

Based on the data alone, I would say that market cap is a total crap shoot. No predictive value whatsoever -or is the predictive value that this is just a bank of black swans?</description>
		<content:encoded><![CDATA[<p>Mark E Hoffer Says:<br />
March 30th, 2009 at 1:14 pm</p>
<p>I’m not sure ‘market cap’ is the best judge..</p>
<p>in “Banking” aren’t “Deposits” the typical yard-sticks for [bracketing]?</p>
<p>Based on the data alone, I would say that market cap is a total crap shoot. No predictive value whatsoever -or is the predictive value that this is just a bank of black swans?</p>
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		<title>By: YouthInAsia</title>
		<link>http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/comment-page-2/#comment-158499</link>
		<dc:creator>YouthInAsia</dc:creator>
		<pubDate>Tue, 31 Mar 2009 13:36:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=22889#comment-158499</guid>
		<description>&quot;for those scalpers - buy fas here at 6.29 and sell at 6.60 in an hour or so.

fas should finish the day on the low. tomorrow things should reverse themselves quite a bit.&quot;


I took your advice and all I got was this stupid margin call.</description>
		<content:encoded><![CDATA[<p>&#8220;for those scalpers &#8211; buy fas here at 6.29 and sell at 6.60 in an hour or so.</p>
<p>fas should finish the day on the low. tomorrow things should reverse themselves quite a bit.&#8221;</p>
<p>I took your advice and all I got was this stupid margin call.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/comment-page-2/#comment-158481</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Tue, 31 Mar 2009 12:23:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=22889#comment-158481</guid>
		<description>ben22, 

yes, that is interesting.  I think those that, w/ a little focus, can get 6 from 3 2s, are starting to bolt..beginning to fashion their own &#039;vestments to suit their needs, regardless of what&#039;s on the rack.

though, the big Risk, to me, is that Wall St. will use this recent kneecapping+SocSec insolvency as an argument for more &#039;forced &#039;savings&#039;&#039;..

barring that, it will be curious to see how Mad Ave.+ Hartford can spin the next round of &#039;fuel the font of the perpetual bid, itz good 4 u..&#039;-

--these recent &#039;Waterfalls&#039; have destroyed all their, to date, stock arguments..</description>
		<content:encoded><![CDATA[<p>ben22, </p>
<p>yes, that is interesting.  I think those that, w/ a little focus, can get 6 from 3 2s, are starting to bolt..beginning to fashion their own &#8216;vestments to suit their needs, regardless of what&#8217;s on the rack.</p>
<p>though, the big Risk, to me, is that Wall St. will use this recent kneecapping+SocSec insolvency as an argument for more &#8216;forced &#8217;savings&#8221;..</p>
<p>barring that, it will be curious to see how Mad Ave.+ Hartford can spin the next round of &#8216;fuel the font of the perpetual bid, itz good 4 u..&#8217;-</p>
<p>&#8211;these recent &#8216;Waterfalls&#8217; have destroyed all their, to date, stock arguments..</p>
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		<title>By: ben22</title>
		<link>http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/comment-page-2/#comment-158474</link>
		<dc:creator>ben22</dc:creator>
		<pubDate>Tue, 31 Mar 2009 12:04:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=22889#comment-158474</guid>
		<description>Mark, 

That&#039;s going to be an interesting thing to watch, what will the standard &quot;pro&quot; lines be as we come out of this, whenever that may be.  People are poking holes in everything now so some of the standard responses will need to be adjusted.  It will be interesting to see what the new lines are, and even more interesting, how much will they contradict the old standard answers.

I was going to look at KOP this afternoon.  I only checked the quote screen on it last night.  I&#039;m not very familiar with them.</description>
		<content:encoded><![CDATA[<p>Mark, </p>
<p>That&#8217;s going to be an interesting thing to watch, what will the standard &#8220;pro&#8221; lines be as we come out of this, whenever that may be.  People are poking holes in everything now so some of the standard responses will need to be adjusted.  It will be interesting to see what the new lines are, and even more interesting, how much will they contradict the old standard answers.</p>
<p>I was going to look at KOP this afternoon.  I only checked the quote screen on it last night.  I&#8217;m not very familiar with them.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/comment-page-2/#comment-158447</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Tue, 31 Mar 2009 03:24:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=22889#comment-158447</guid>
		<description>ben22, 

I hear you, it&#039;s amazing what&#039;s been passing as &#039;Financial Professional&#039;, for all too long.

that response, about &#039;covered-call&#039; Writes, must be in some Programming manual b/c I&#039;ve heard it more times than I can care to remember, and not one those Pros could prove their response was True..

tho: re: KOP, after a quick peek, their Balance Sheet looks curious..needs 2x-checking..</description>
		<content:encoded><![CDATA[<p>ben22, </p>
<p>I hear you, it&#8217;s amazing what&#8217;s been passing as &#8216;Financial Professional&#8217;, for all too long.</p>
<p>that response, about &#8216;covered-call&#8217; Writes, must be in some Programming manual b/c I&#8217;ve heard it more times than I can care to remember, and not one those Pros could prove their response was True..</p>
<p>tho: re: KOP, after a quick peek, their Balance Sheet looks curious..needs 2x-checking..</p>
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		<title>By: CyHastings</title>
		<link>http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/comment-page-2/#comment-158432</link>
		<dc:creator>CyHastings</dc:creator>
		<pubDate>Tue, 31 Mar 2009 02:24:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=22889#comment-158432</guid>
		<description>Hey LB....I heard Hank Paulson was going to start new boutique IB.

Dewey, Cheatham, &amp; Howe LLC
&quot;We&#039;re not satisfied, until you&#039;re not satisfied.&quot;</description>
		<content:encoded><![CDATA[<p>Hey LB&#8230;.I heard Hank Paulson was going to start new boutique IB.</p>
<p>Dewey, Cheatham, &amp; Howe LLC<br />
&#8220;We&#8217;re not satisfied, until you&#8217;re not satisfied.&#8221;</p>
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		<title>By: ben22</title>
		<link>http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/comment-page-2/#comment-158428</link>
		<dc:creator>ben22</dc:creator>
		<pubDate>Tue, 31 Mar 2009 02:16:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=22889#comment-158428</guid>
		<description>Mark, 

good point on KOP.  if people used options more often they&#039;d be surprised at how easy it is to lower volatility, while still having great upside.

unfortunately too many people associate options with &quot;risky&quot;

I once told a financial advisor I was using covered call strategies and he thought that was much higher risk than &quot;just keeping it simple with mutual funds&quot;.

I just kind of gave the blank stare back.</description>
		<content:encoded><![CDATA[<p>Mark, </p>
<p>good point on KOP.  if people used options more often they&#8217;d be surprised at how easy it is to lower volatility, while still having great upside.</p>
<p>unfortunately too many people associate options with &#8220;risky&#8221;</p>
<p>I once told a financial advisor I was using covered call strategies and he thought that was much higher risk than &#8220;just keeping it simple with mutual funds&#8221;.</p>
<p>I just kind of gave the blank stare back.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/comment-page-2/#comment-158427</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Tue, 31 Mar 2009 02:04:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=22889#comment-158427</guid>
		<description>ben22, 

w/KOP, if you shorted the April15c @~.80 closing bid, 30 March 009, you&#039;d rake in another ~5.5% at a ~14.48/sh buy-price..

though, remember, on these &#039;down days&#039;, more than one leg of the Call Option pricing &#039;stool&#039; gets Shortened..
~~

MR--

if you ...KOP, give a ping..</description>
		<content:encoded><![CDATA[<p>ben22, </p>
<p>w/KOP, if you shorted the April15c @~.80 closing bid, 30 March 009, you&#8217;d rake in another ~5.5% at a ~14.48/sh buy-price..</p>
<p>though, remember, on these &#8216;down days&#8217;, more than one leg of the Call Option pricing &#8217;stool&#8217; gets Shortened..<br />
~~</p>
<p>MR&#8211;</p>
<p>if you &#8230;KOP, give a ping..</p>
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		<title>By: ben22</title>
		<link>http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/comment-page-2/#comment-158421</link>
		<dc:creator>ben22</dc:creator>
		<pubDate>Tue, 31 Mar 2009 01:47:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=22889#comment-158421</guid>
		<description>@mRegan, 

KOP, that is an interesting idea for sure.  Nice div on that.  I&#039;ll have to take a look.

@ Mark,

Sweet indeed. I had been taking a look at taking a position in RTN, LMT, BA or NOC, the video helped finalize that for me.  

&quot;but O is going to pull us out of Iraq&quot;

lol.  as if there was nowhere else to go.

@ Foghorn, 

I don&#039;t own GE stock, don&#039;t intend to, but I think the time to short it was a long time ago.  I&#039;m not sure that is so smart now.  Seems to me to be an awful lot of risk of shorting any bank right now.  Do you know what the govt or the Fed will do next to juice these up?  I don&#039;t, can&#039;t define the risk, so rather than be short, or long, I&#039;m just staying away.  I much prefer to read about people who had success with banks here, or in the case of the now gone JBorchers, early buy in failures.  Those stories are fun enough for me.

I know GE is more than a bank, but that&#039;s what it trades like.</description>
		<content:encoded><![CDATA[<p>@mRegan, </p>
<p>KOP, that is an interesting idea for sure.  Nice div on that.  I&#8217;ll have to take a look.</p>
<p>@ Mark,</p>
<p>Sweet indeed. I had been taking a look at taking a position in RTN, LMT, BA or NOC, the video helped finalize that for me.  </p>
<p>&#8220;but O is going to pull us out of Iraq&#8221;</p>
<p>lol.  as if there was nowhere else to go.</p>
<p>@ Foghorn, </p>
<p>I don&#8217;t own GE stock, don&#8217;t intend to, but I think the time to short it was a long time ago.  I&#8217;m not sure that is so smart now.  Seems to me to be an awful lot of risk of shorting any bank right now.  Do you know what the govt or the Fed will do next to juice these up?  I don&#8217;t, can&#8217;t define the risk, so rather than be short, or long, I&#8217;m just staying away.  I much prefer to read about people who had success with banks here, or in the case of the now gone JBorchers, early buy in failures.  Those stories are fun enough for me.</p>
<p>I know GE is more than a bank, but that&#8217;s what it trades like.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/03/financial-institutions-market-cap-1999-2009/comment-page-2/#comment-158403</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Tue, 31 Mar 2009 00:56:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=22889#comment-158403</guid>
		<description>KD, 

and it&#039;s good point.

though, another presumed the &#039;better balance sheets&#039; of said PROC creations, they should read more, it isn&#039;t so..
~~
ben22, 

re: RTN, sweet, no?  what is interesting, to me, is that, contra to the whole &#039;Socially-aware Investing Theme&quot;, the &quot;ATF-theme&quot; has trounced them..

Alcohol, Tobacco, Firearms/Military Indistrial Complex-Prison Industrial Complex
~~

lb, 

here&#039;s one for you and your interest in mycelium, and related:
http://www.psychedelic-library.org/hoffer.htm
the URL was too priceless, this is some of my U.&#039;s earlier work..</description>
		<content:encoded><![CDATA[<p>KD, </p>
<p>and it&#8217;s good point.</p>
<p>though, another presumed the &#8216;better balance sheets&#8217; of said PROC creations, they should read more, it isn&#8217;t so..<br />
~~<br />
ben22, </p>
<p>re: RTN, sweet, no?  what is interesting, to me, is that, contra to the whole &#8216;Socially-aware Investing Theme&#8221;, the &#8220;ATF-theme&#8221; has trounced them..</p>
<p>Alcohol, Tobacco, Firearms/Military Indistrial Complex-Prison Industrial Complex<br />
~~</p>
<p>lb, </p>
<p>here&#8217;s one for you and your interest in mycelium, and related:<br />
<a href="http://www.psychedelic-library.org/hoffer.htm" rel="nofollow">http://www.psychedelic-library.org/hoffer.htm</a><br />
the URL was too priceless, this is some of my U.&#8217;s earlier work..</p>
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