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Commentary
Buffett gets in; Goldman Sachs is the bet
Warren Buffett is now officially in. The grand old man of value investing has just pumped in $5 billion into Goldman Sachs. Obviously this is viewed on the ...
Commentary
Rescuing My Golfing Buddies
So how does this work? (Ben Bernanke talking) I believe that under the Treasury program, auctions and other mechanisms could be devised that will give the ...
Commentary
Doing a Japan?
From an excellent article by Absolute Return Partners (courtesy John Mauldin): Talking about policy makers, back in 1991, when the Japanese property bubble ...
Commentary
Rescue Plan, for whom?
The rescue plan is out and so are thoughts on it. The plan says, in a way I could glean: We’re going to buy mortgages because no one’s buying them. ...
Commentary
SOS Update: Up 4% in a week
The Index may literally have stayed unchanged since last week – in fact the futures are trading a little bit higher but the SoS has moved up ...
Commentary
TARP Costs And Shareholder Interest: Big Big Downside?
So Paulson’s announced the Troubled Asset Relief Program (TARP): First, to provide critical additional funding to our mortgage markets, the GSEs Fannie ...
Stocks
Another crazy day
More dramatic a day if such a thing is possible. Nifty and Sensex up over 5% in a day. SEC bans short selling of 700+ financial stocks. Dow, S&P up 3%. ...
Commentary
After Zimbabwe, Iran
So Iran is considering removing zeroes from its currency: Iran is considering lopping three to four zeros off its currency, a top official said Monday, in an ...
Commentary
Stopping Short Sellers – To Benefit Who?
The UK has banned short selling of financial stocks till Jan 2009. And now, the US is considering a similar move: The Securities and Exchange Commission ...
Commentary