Warren Buffett to the Rescue, Again

Aug 25, 2011
J. Webster
Comments Off on Warren Buffett to the Rescue, Again
He helped save Goldman Sachs in 2008 with a $5 billion loan, and now Warren Buffett helps save Bank of America with the purchase of 50,000 preferred shares at $100,000 a piece - another $5 billion loan. The preferred stock has a dividend yield of 6% and BofA has the option to buy back the shares at any time for a 5 percent premium. Sure, it's not the 10% dividend yield he got when he loaned Goldman Sachs money, but it's a win win for Buffett, as it only ensures that his top bank stocks, Wells Fargo and U.S. Bank,

Continue reading...

Bank of America: Capital Raise or Not?

Aug 24, 2011
J. Webster
Comments Off on Bank of America: Capital Raise or Not?
Everyone and their mother now has something to say about Bank of America and their need to raise capital. Richard Bove said BofA has sufficient capital. Henry Blodget said they may be forced to raise as much as $200 billion. Yes, that's billion. Bank of America then said those claims were exaggerated and unwarranted. Jim Cramer said Carlos Slim might come in and save the day in a Buffet like stock purchase or perhaps loan. There was even talk of JP Morgan merging with Bank of America in one gigantic too big to fail bank. That rumor was deemed baseless

Continue reading...

Billionaire Carlos Slim to Save Bank of America?

Aug 24, 2011
J. Webster
Comments Off on Billionaire Carlos Slim to Save Bank of America?
Could billionaire Carlos Slim, the world's richest man in the world, come in and save the biggest bank in America? The Mexican CEO of telecommunications companies Telmex and América Móvil sure has the resources. Either way though, it seems like something like this, a loan from a Warren Buffet type or a big share purchase by a guy like Carlos Slim, is what it's going to take to stop the assault on BAC's stock. What do you think? Is Carlos Slim the man to save Bank of America? CNBC's Jim Cramer thinks Slim might be ready to doing something like

Continue reading...

The Lehman Brothers Make Out Session

Aug 24, 2011
J. Webster
Comments Off on The Lehman Brothers Make Out Session
Will all the talk these days of another company collapsing like Lehman Brothers, seemed like a good time to post the two guys making out behind the CNN reporter as workers file out of Lehman Brothers with their belongings. I wonder who is going to make out in front of Bank of America's headquarters if they go under...

Continue reading...

Matt Taibbi: Is the SEC Covering up Wall Street Crimes?

Aug 23, 2011
J. Webster
Comments Off on Matt Taibbi: Is the SEC Covering up Wall Street Crimes?
An explosive new report in Rolling Stone magazine exposes how the U.S. Securities and Exchange Commission destroyed records of thousands of investigations, whitewashing the files of some of the nation's largest banks and hedge funds, including AIG, Wells Fargo, Lehman Brothers, Goldman Sachs, Bank of America and top Wall Street broker Bernard Madoff. Last week, Republican Sen. Chuck Grassley of Iowa said an agency whistleblower had sent him a letter detailing the unlawful destruction of records detailing more than 9,000 information investigations. Democracy Now! speaks with Matt Taibbi, the political reporter for Rolling Stone magazine who broke this story in

Continue reading...

Bank of America Says Henry Blodgett Is Making Exaggerated & Unwarranted claims

Aug 23, 2011
J. Webster
Comments Off on Bank of America Says Henry Blodgett Is Making Exaggerated & Unwarranted claims
Now it's starting to get interesting. And it's about time Bank of America started to stand up for themselves if there's any reason to stand up for it. If they don't, everyone is just going to keep piling on and hammering the stock like they did in 2008. The shorts are happy to spread fear and make the stock go lower if BAC doesn't do something to stem the tide. And attacking Henry Blodgett is pretty funny, especially given his past history. I'm guessing he was an easy target. But it's nice to finally get something from BAC. Statement from Larry

Continue reading...

Bank of America’s New 52 Week Low: 6.01

Aug 23, 2011
J. Webster
Comments Off on Bank of America’s New 52 Week Low: 6.01
Will Bank of America go below $5 a share? Will they sell more assets? Who is going to step in and stop the assault on this bank? Someone needs to, as it's not good for anyone other then those betting it goes down. The government is on the hook, or the U.S. tax payer is on the hook on some level if the bank falls apart and it will destroy other banks in the process. Much of the worry stems from legal issues related to mortgage backed securities and how much they're going to end up paying to settle these

Continue reading...

Nouriel Roubini: This is My Time

Aug 21, 2011
J. Webster
Comments Off on Nouriel Roubini: This is My Time
Well, I was right and have been right since 2007. I predicted the housing collapse and now again have predicted the stock market fall. Have you noticed how everyone wants to hear from me now? I'm constantly being asked questions on Twitter, requests for TV interviews have skyrocketed, and I have more parties to attend than Prince in 1999. This is my TIME! Hear me roar! Listen to me. I am god. I'm bigger than George Soros. I am Dr. DOOOOOOOOOOOOM. I don't care what everyone else is saying, it's me you must listen to. Not Bernanke. Not Timmy Geithner. How

Continue reading...

Paul Tudor Jones: Fill or Kill

Aug 21, 2011
J. Webster
Comments Off on Paul Tudor Jones: Fill or Kill
From the old days, legendary hedge fund trader Paul Tudor Jones make some trades via his brokers. Here's a quick run down of some of Jones' stock trading rules:
  • Contrarian attempt to buy and sell turning points. Keeps trying the single trade idea until he changes his mind, fundamentally. Otherwise, he keeps cutting his position size down. Then he trades the smallest amount when his trading is at its worst.
  • Considers himself as a premier market opportunist. When he develops an idea, he pursues it from a very-low-risk standpoint until he has been proven wrong repeatedly, or

Continue reading...

Steve Jobs Must Be Smiling

Aug 19, 2011
J. Webster
Comments Off on Steve Jobs Must Be Smiling
With the news that Hewlett Packard has conceded to Apple and decided to get out of the PC, tablet, and mobile phone markets, is Steve Jobs cackling as he strokes his cat and peers out at the world from his spaceship? It would almost seem so. There must be some joy in the hearts of Jobs and Apples' top brass to see all these other companies chasing them and struggling to keep up. Even good old Google, the search engine giant, who are trying to keep up with Apple and the iPhone by buying Motorola. A purchase that one Apple executive

Continue reading...

Pages:«1...76777879808182...100»