It will be a successful M&A for Bank of America- too early to say but the two partners seem aligned at the top just in terms of complementary business portfolios, but BAC has a lot of these acquisitions in 2007
It will be a successful M&A for Bank of America- too early to say but the two partners seem aligned at the top just in terms of complementary business portfolios, but BAC has a lot of these acquisitions in 2007
When considering if financial stocks have hit bottom first consider this research piece by Bridgewater , the worlds 2nd largest hedge fund. It doesn't bode well for MER, the financial industry, the US Dollar, or the US economy in general. This is no time to be taking speculative positions in securities that neither you or I have the ability to analyze completely enough to make a sophisticated investment decision. In markets like these you are far better off protecting your capital than trying to catch falling knives.
Top 5 Companies by Largest 1-Year Stock Price Decline
After a brief, one-day rally in the financial sector following the Fannie Mae (FNM) and Freddie Mac (FRE) bailout on Sunday, companies such as Lehman Brothers (LEH) and Washington Mutual (WM) have lost over 47% and 57% of their market value, respectively, compared to a 5% loss in the Financial Sector SPDR (XLF) over the last five trading days. In contrast, the UltraShort Financials ProShares ETF (SKF) is up 6% in this ti
General Motors Corp. (NYSE: GM) -- as it runs short of cash and attempts to raise $4 billion from asset sales, GM has asked real estate agent Jones Lang LaSalle for help in raising up to $257 million from the sale and leaseback of some of its European offices and other property assets, as well as inquired about its options regarding the Renaissance Center, the Detroit skyscraper complex that serves as its headquarte...
We posed the exact same theory after the Citigroup (C) bailout was announced. Good to see realism and cynicism reach into our news agencies ;) That Countrywide Financial exposure cannot be a good thing. I am also wondering if the Merrill Lynch (MER) deal is still going to go through - certainly the terms are prone to change.
Thankfully the first thing they did when we gave them our tax dollars is they spent $6 Billion to buy a stake in a Chinese bank. Of course they say it's not the "same money" ;)
A government rescue plan has eased investors' concerns about Citigroup Inc, but mines lurki
We may have broken the ultimate barrier to diversity with the election of the 44th President of the United States Barack Obama, but the ranks of minorities in top positions at Fortune 500 companies remain thin and are steadily declining.
Late Monday, Symantec (NASDAQ: SYMC) CEO John Thompson announced plans to retire from the post in March, but will remain on as chairman. Also plannin
While the growth in China is slowing, the fact remains that things are still fairly robust - especially compared to many other global economies. As a result, investors still want to put money into the country. After all, with China's huge domestic economy, there is likely to be strong long-term growth.
So this week, Bank of America (NYSE: BAC) agreed to exercise its option to double its position in China Construction Bank (CCB), which is the #3 financial institution in China. The stake comes to about 19.1%.
BAC, GS, AXP, FNM, MER printed new 20-day lows. XLF is very close to its lows. Multiple positive divergences of MACD. It is now moving within a descending channel.
In the Figure you can see a summary of the trend conditions of the Index stocks. I used the 20, 50, 100 and 200 days moving average of the close. The background is Green when the close is > than the moving average. Red when it is below and yellow when it crosses. + and - indicate the slope of the moving average.
RANGE ANALYSIS I have also programmed Tradestation Radarscreen to display: - range of the past 20 trading sessions (%); -...
Still calling a bottom?
- Lehman is going bankrupt and Merrill's going to be sold. Do people still think that you should be dipping your toes in financials?
The Rush to Gold. Coming or gone?
- We are in the midst of a credit melt down. If you don't believe it just turn on a tv , pick up a paper, or get your head out of the sand. Face it, the...
MER - why would anyone want to own it?
- I honestly don't understand why anyone would want to try to bottom pick MER. I think it could easily go the way of Bear Stearns or at best get slammed
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Top 5 Companies by Largest 1-Year Stock Price Decline 
We may have broken the ultimate barrier to diversity with the election of the 44th President of the United States Barack Obama, but the ranks of minorities in top positions at Fortune 500 companies remain thin and are steadily declining.
While the growth in China is slowing, the fact remains that things are still fairly robust - especially compared to many other global economies. As a result, investors still want to put money into the country. After all, with China's huge domestic economy, there is likely to be strong long-term growth.
