Of all the smart managements of financial stocks out there Credit Suisse isn't one of them. What can I say about Credit Suisse? Hmm, nothing positive ! I am adding Credit Suisse to my list of financial stocks to short although they have historically had one of the better balance sheets out there they have consistently proven they aren't very good at acquisitions and risk management. The Swiss have always had thrown a lot of money at a problem in order to solve it. How do they make a small fortune? Answer: start with a large one. CS will likely get hammered in the coming CDS disaster an...
Of all the smart managements of financial stocks out there Credit Suisse isn't one of them. What can I say about Credit Suisse? Hmm, nothing positive ! I am adding Credit Suisse to my list of financial stocks to short although they have historically had one of the better balance sheets out there they have consistently proven they aren't very good at acquisitions and risk management. The Swiss have always had thrown a lot of money at a problem in order to solve it. How do they make a small fortune? Answer: start with a large one. CS will likely get hammered in the coming CDS disaster an...
Huge rally 17-25 July hit resistance and retraced to the 38.2 fib ratio then bounced off and hit resistance again but unable to penetrate and has stalled at 49.66. I might be wrong but i am bearish on this stock in the interim. Longer term i think its a good buy.
Investment banks have been out of favor lately, primarily because of the sub-prime mess and the enormous multi-billion dollar write downs that have followed. The majority of these institutions was involved in some very risky operations no doubt lead partly by greed and over confidence bias, yet as the old adage says “if you play with fire , you r going to get burned”. However, investment banking institutions are an important factor in the capitalist economy and in the current climate when the tide has come in those
You want to be brave? You desperately want to go financial? Then go Suisse! Without further detailed and elaborated discussion how beaten down financial stocks and investments banks are, where one?s portfolio loaded with financials surely mus... more
And so it begins- CDS chickens come home to Roost
- As Jim Cramer would say Booya....or is it Boohoo? Really Jimbob, that was one of the worst calls of all time. Things aren't as bad as the seem they a...
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