TraderGreg

Comment Stream

Comment Stream
Filter comments by:
Highest rated Latest comments
Or filter by symbol:
  • Fundamental Valuation: How Low Could We Go?
    Secular bear market started in 2000, and end around 2015
    The K-wave will bottom in 2015 as well.
    The Mortgage reset mess will bottom around 2013
    The P/E may bottom around 5-7 around 2015
    The E part of P/E is about to cliff dive with the economy. The earnings will go down another 50% (my educated guess)
    This would imply another 75% SP500 hair cut, from where we are NOW - down to 250 level.
    Based on this, I would say the SP500 will bottom out in the 300-600 range.
    This is going to be a long war, with a lot of blood running the streets. We just entered the second half of the Bear.

    We are not Warren Buffets - I wish I had his money and smarts.

    Do you want to loose money - listen to Jim Cramer.
    Oct 18 17:35 pm |Rating: 0 0 |Link to Comment |View article
  • The Crash of 2008
    I actually agree. I exited my shorts on Thursday. It is very likely, that we have reached an intermediate bottom, and we will see a wave up, which could be two days or two months - who knew.

    In the longer term, it is my opinion, that we are only half way through the bear market. This is what it feels to me - a rebound, half way through this adjustments.

    We baby boomers, need to deflate assets before we retire, so the next generation can live their American dream....
    Oct 12 17:11 pm |Rating: 0 0 |Link to Comment |View article
  • The U.S. Economy After the Bailout
    For these toxic assets - 10 cents on the dollar - MAX !!!! They should have it in this ousy legislation. Look at the Merill lynch deal - they figured it out right.
    Oct 02 10:48 am |Rating: 0 0 |Link to Comment |View article
  • Talk Me Down From the Wells Fargo Ledge
    WFC is a very good bank. It is also very good short from here - if you only could do it. Very little room to the upside, a lot of room to the downside. Yeah - their HELOC situation is scary.
    Oct 02 00:10 am |Rating: 0 0 |Link to Comment |View article
  • Don't Get Sanguine About This Bill
    Today, you f___d us, We will f--k you on Nov 4th. Sorry for the French here.


    Oct 01 22:41 pm |Rating: 0 0 |Link to Comment |View article
  • Moving the Deck Chairs on the Economic Titanic
    The motto of our 'geniuses' in Washington is: 'If you don't like the problem we created, wait until you see our solution'.

    Don't trash Paul K. He obviously is affiliated with the Democrats, but he writes nice articles. Even if you disagree with him, it is a good and intelligent opposing point of view.
    I am not fan of Dems, but we need civility in discussion, and Paul has it.

    Cheers
    Sep 30 00:41 am |Rating: 0 0 |Link to Comment |View article
  • The Deal's Getting Done, But Will It Work?
    Yes it is. Maybe I missed the point here. Gabe rocks!
    Sep 28 18:16 pm |Rating: 0 0 |Link to Comment |View article
  • The Deal's Getting Done, But Will It Work?
    This guy Gabe, is probably paid apparatchik, paid to propagate the goverment propaganda in this forum. Gabe - go fishing, or birdwatching. Enjoy your weekend. Your boss still likes you.
    Sep 28 18:09 pm |Rating: 0 0 |Link to Comment |View article
  • Wells Fargo: A Growth Stock During the Great Depression?
    They will have to show the defaults for Q3. They did very good job hiding it, but the game is over. Let's see the numbers first. So far, I feel like they are cheating the investors.
    Sep 28 15:37 pm |Rating: 0 0 |Link to Comment |View article
  • The Deal's Getting Done, But Will It Work?
    Peter Lynch wrote:
    Folks, we have a 5-alarm fire going on right now in our financial system. Let's try to put the fire out first before we start blaming the builder for not putting in a sprinkler system 10-15 years ago.

    Peter - as much as I respect you, you missing one very important point. This is turning point, end of very important cycle. The public is fed up with constant bailouts. NO MORE BAILOUTS. It is going to hurt a lot, but we need this fire, and these these 'risk blind' morons to burn and collapse.
    That's what the Taxpayer is saying. Let it burn, and let it collapse - as a great episode to be remembered, and taught in business schools for generations.

    Peter - there are banks in USA, that were well managed. Take for example the US Bancorp. These banks will need to survive. The idea of creating new banks, or capitalizing well managed regional banks, is a great one.

    The only people in this land, that want the bailout, are the Wall Street investment banks that screwed up, and the crack addicts (addicted to leveraged capital), like Bill Gross or Warren Buffet (he is up here in derivatives).

    The era ended. Let it burn. Let it hurt. It is time to figure it out. You are one of the greatest investors in this country, but you are missing the important point here.
    Sep 28 15:14 pm |Rating: 0 0 |Link to Comment |View article
  • It Could Happen - Cramer's Mad Money (9/26/08)
    Take Cramer off the air. He's embarrassment to the investing community.
    Sep 27 20:46 pm |Rating: 0 0 |Link to Comment |View article
  • It Could Happen - Cramer's Mad Money (9/26/08)
    The problem is much, much bigger than the $700B bailout. This is throwing good money after bad money - and totally useless. Recessions are good - they kill moronic businesses, and make room for the new generation of smarter people. The innovation process will continue, but only after the Wall Street morons are R.I.P.
    Sep 27 20:44 pm |Rating: 0 0 |Link to Comment |View article
  • McCain's Economics
    We need to have competent politicos in DC. What we need is the certification of politicians, just make sure they meet certain criteria to handle our money.

    Level 1 Politician: SAT score 1800. IQ 130. University
    degree. Can be certified to do municipal politics only.
    Level 2 Politician: Level 1 Politician, plus: SAT score 2,000. IQ 140. Master Degree. Can work in the State Assembly.
    Level 3 Politician: Level 2, plus: SAT score 2,100 or Ph.D
    IQ 150+. can work in Congress or Senate. Hey -
    can even be our President.

    How many current Politicos would certify? I do not see many....
    Sep 27 14:21 pm |Rating: 0 0 |Link to Comment |View article
  • Entering the Endgame for Monetary Policy
    Gabe - who's paying you for your efforts here: Hank or Ben?
    Sep 27 04:36 am |Rating: 0 0 |Link to Comment |View article
  • Another Day Without Precedent
    I wish it were that as simple as cutting the rate. At first blush, it reads like a probable course of action for Fed. However, they lowered it from 5.25% to 2%, while the credit froze. So it didn't help much.

    Banks are like the Titanic survivor floating on the ice cold water. They are freezing, and some will go underwater soon, while the Leaders keep talking that the economy is sound....

    Sep 25 23:45 pm |Rating: 0 0 |Link to Comment |View article

TraderGreg's Comments Stream Stats

  • 28 Comments, 0 , 0
  • Total Comment Stream rating - = 0