Comments on: Merrill: Bank Stock Rally Overdone

By: Marsha Keeffer

Marsha Keeffer — Fri, 15 Aug 2008 06:41:00 +0000

Thanks, Earl – methinks such pronouncements are placed in hopes the obvious will sound intelligent and attractive.
Doc – you’re cooking with gas – excellent!
Marsha in Soquel, CA

By: Anonymous

Anonymous — Fri, 15 Aug 2008 00:31:00 +0000

I really should check my typing (more often) ….

By: doc holiday

doc holiday — Fri, 15 Aug 2008 00:29:00 +0000

This utter stupidity and shilling of the worsy kind:

>>>> Hey Yves, take a look here ******

Commodity Shipping Lines Reel as Baltic Index Tumbles (Update4)

http://www.bloomberg.com/apps/news?pid=20601087&sid=anbQgxOLDqyI&refer=home

The Baltic Dry Index, the benchmark for shipping costs, fell for 23 consecutive sessions through Aug. 12, the worst decline since the third quarter of 2005. The index will average 40 percent less next year and sink another 47 percent in 2010, according to Goldman Sachs Group Inc. STX Pan Ocean Co. Ltd. and the other 11 smaller members of the Bloomberg Dry Ships Index have retreated as much as 34 percent in three months.

“What we have is a classic cyclical downturn,'' said Andreas Vergottis, research director at Tufton Oceanic Ltd., the world's largest shipping hedge fund manager. “People are not buying cars and people are not buying houses, and when that stops, it travels backwards all the way back to the mine.''

By: dearieme

dearieme — Thu, 14 Aug 2008 19:17:00 +0000

“London has many local papers – the Times isn’t one of them.” Quite: it covers – ooh – the whole triangle London, Cambridge, Oxford.

By: Rick

Rick — Thu, 14 Aug 2008 18:36:00 +0000

Re: Ben’s charts… I am having trouble re-creating them on my platform (thinkorswim). A day chart of SPX using parameters for K and D of 14/3 (and 3/14, just to be safe that I didn’t have it the wrong way round) does not produce the overbought ’slow stochastic’ that is pictured here.

Main point: charts depend HUGELY on the formulas used by the platforms. And, by manipulating those parameters (sound familiar to all you CDO modelers?) “different results may apply”).

By: Anonymous

Anonymous — Thu, 14 Aug 2008 17:40:00 +0000

Does anyone else find it strange that
other financial firms that are in the process of tanking themselves seem more than ready to issue “expert advice” warning of the impending doom, and bad decisions made by their financial firm counter parts? Seems like an unwise thing to do when most of them are already on their knees about to crawl around the market looking for white knights.
Earl L. Crockett
Santa Cruz, CA

By: Ginger Yellow

Ginger Yellow — Thu, 14 Aug 2008 09:34:00 +0000

Please don’t call it the Times of London. It’s a national newspaper. I understand the need to differentiate it from the NY Times, but what’s wrong with calling it “the UK’s Times newspaper” or something like that? London has many local papers – the Times isn’t one of them.