Nouriel Roubini, the NYU economist, has predicted the US is moving into its worst downturn since the Great Depression. He forecasts that hundreds of banks will fail. But, he is an "independent"…
Shorts sellers suffered from a lack of conviction on the direction of financial stocks in the period that ended July 31. They were clear that betting against tech was no longer a…
Bear Stearns was not the end of it. Institutional investors think at least one more large firm will fail, probably over the next six months. Although those surveyed did not name a…
The safe-house for money center banks closed and locked its doors long ago. The mortgage-related paper crisis rolls on like a mighty river and its latest victim is RBS (RBS). But, victim…
We are seeing a substantial move in shares of Washington Mutual, Inc. (NYSE: WM). British Activist fund Toscafund Asset Management LLP has disclosed in an SEC Filing that it has accumulated a…
Douglas A. McIntyre Regulators may be trying to keep short sellers out of a few financial stocks, but that is not keeping large bets against most other stocks from rising. While some of the shorts…
These are some of the top downgrades or negative analyst calls we are seeing this Wednesday morning in early pre-market hours: ADC Telecom (ADCT) Cut to Neutral at Baird; Cut to Market…
Wall St. cheered what seemed to be withering results from Washington Mutual (WM) and Wachovia (WB). WaMu lost $3.3 billion and reserved $3.7 billion to handle loan losses. Wachovia lost $9 billion…
According to Reutere, Yahoo! (YHOO) profits were down, but the company maintained its full-year forecast. Reuters reports that Wachovia (WB) posted huge write-offs and losses for the last quarter. Reuters writes that…
At the start of the year, many Wall St. analysts and much of the media give the impression that the current financial crisis would pull down all large US banks and brokerages.…
A venti cappuccino costs $4.85 at a New York City Starbucks (SBUX). There may be some tax on that. Starbucks trades at $13.57, so it still has a value well above the…
Washington Mutual (WM) Concerns mortgage firm will make it after government takes over IndyMac. Falls to $3.03 from 52-week high of $42.93. First Horizon (FHN) Same fears as with WM. Drops to…
Washington Mutual Inc. (NYSE: WM) is looking exactly like "The Good, The Bad, and The Ugly." The difference is that this one is real instead of a movie. Shares are down yet…
Douglas A. McIntyre Fannie Mae (FNM) and Freddie Mac (FRE) opened well up today. FRE hit a high of $9.80 up from a $7.75 close on Friday. Now, it is only up a little over…
The federal government has decided that Fannie Mae (FNM) and Freddie Mac (FRE) are too big to fail. The Fed and Treasury will offer a combination of loans and stock purchases to…