1. Bank of America and Morgan Stanley earnings are “good”. There are some strange things going on with the DVA calculations and how they contribute/detract from the quarter, but this has been going on for months now and people on TV are talking about it so it is officially rendered a non-factor. 2. Morgan Stanley…
When it became apparent that it wasn’t going under, the stock looked ridiculous at 5 bucks a share – it just had to work.
This is deflation on a massive scale.
Bigger was never better, it just looked like it was.
Clearly, the plan is not to fix their image or any such thing, it is to ride out the storm and keep as much of the status quo intact as possible for the next cycle.
Your average fundamental sell-side analyst has spent the year kneeling in the grass, gazing at ants through a magnifying glass while hurricanes, earthquakes and volcanic explosions raged all around him.
Fresh outrage this evening as Bob Ivry, Bradley Keoun and Phil Kuntz (tough name) break an incredible story about the secrets of the 2008 bailouts. Banks fought to keep these details a secret, but Bloomberg Markets Magazine successfully sued for the truth. Here goes: The Federal Reserve and the big banks fought for more than…
Two large corporations that have announced amazingly stupid and borderline suicidal things are now reconsidering. This is a good thing as it shows that there may just be hope after all and that common sense may still exist.
Samhain was the original ancient name for Halloween…and as October 2011 begins, we find ourselves at the very nearest to the World of the Dead that we’ve been since the March 2009 lows.