The ProShares Ultra Short Financial ETF, otherwise called SKF, has had one of the most spectacular flame-outs in market history. One minute, SKF was a superstar, raking in millions of dollars on a daily basis and dominating the most actives list. Then suddenly, the party was over. This is the E! True Hollywood Story of…
Banks
Another Reminder of Why We Love Banks: Overdraft Charges
Zanetti/ Cagle Cartoons From TIME Magazine’s top 5 cartoons of the past week.
The Big Picture Challenges Jim Cramer on the Banks
The Big Picture’s Chris Whalen had this to say about James Cramer‘s table-pounding on US Bancorp (USB), Webster Bank (WBS) et al this morning: I notice that Jim Cramer is yowling on TheStreet.com today, pounding the table on US Bancorp (USB) and Webster Savings Bank (WBS). Jim, how much you want to buy? These institutions are going to…
When the Banks Bailed Out America
As a result of the 2008-2009 credit crisis, the United States government has committed over $700 billion to bail out the banks in order to stem the tide of systemic meltdown. As the populace rages about these rescues and how the banks themselves have chosen to use these funds, it is important to remember that…
Market Recap: Build-a-Bank
[youtube=http://www.youtube.com/watch?v=egT8-06AcSY] The Reformed Broker, AKA The Pastrami King, here with today’s Market Recap… OK stocks and sectors, take one step forward if you were lookin’ good during today’s market melt-up… Not so fast, Newspapers! The 3:30 look at the Newspaper Sector: Laggards in Price Performance (Intraday) E W SCRIPPS CL A [ssp] -9.46% A.H. BELO…
Market Recap: In The Ayer
[youtube=http://www.youtube.com/watch?v=0fEI2ZHUs6o] The Reformed Broker, AKA Armand Hammer, here with today’s Market Recap… So North Korea tests a nuclear bomb and long range missile and the Case Shiller housing numbers, while backward-looking, are still apocalyptic. How does the market react? EXPLOSION! The Dow was up around 150 to 200 points all day, without any real…
Market Recap: Today was a Brick
[youtube=http://www.youtube.com/watch?v=KakinPNRiDc] The Reformed Broker, AKA Brian Fantana, here with today’s Market Recap… The Dow lost around 130 points, but surprisingly, Bank of America (BAC), Citi (C) and the other big banks were flattish all day. Here’s where the carnage was: Laggards in Price Performance (Intraday) Office Supplies -6.40% Internet Service Providers -6.30% Resorts & Casinos…
Market Recap: Mega Shark vs Giant Octopus
[youtube=http://www.youtube.com/watch?v=Fa7ck5mcd1o] The Reformed Broker, AKA Cowboy Curtis, here with today’s Market Recap… The futures were ugly, and boy was the market in for it. Banks, REITs, insurance companies…you name it, they were red. Techs took the Nazz down over 40 points as well. Get a load of the Advance/Decline numbers at the 3 o’clock look…wall-to-wall…
Where are we in the Banking Cycle?
The cross-currents that exist right now in the financials are astounding, both in their extremes and in the potential for multiple interpretations of risks/opportunities. Writing for RealMoney Silver this morning, Chris Atayan sums up where we are in the banking cycle perfectly: We are now solidly in the early stages of another financial services cycle. Financial markets…
TGIF Market Recap: Salute Your Dilution
[youtube=http://www.youtube.com/watch?v=kov83AXN1Xs] The Reformed Broker, AKA Professor Plum, here with today’s Market Recap… Today’s won’t be a legit recap as I am out of the office early today on a secret Golfing assignment. The big news today was the post-stress test avalanche of secondary offerings from the banks. Shareholders can Salute their Dilution while jamming…
