iShares Dow Jones US Financial Svcs (IYG)
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- Probe of Citigroup et al Could Hit Financial ETFs [view article]
- ETF Update: Are Homebuilders on the Rise? [view article]
- ETF Update: Financial Sector Shows Strength [view article]
- Best and Worst Performing ETFs This Week [view article]
- U.S. Bank Dividend Yields Revisited [view article]
- ETF Update: Gold, Financials, Aluminum [view article]
- In Search of Low (or Negative) Correlation Between Asset Returns [view article]
- Key ETFs Furthest Above and Below Their 50-Day Moving Averages [view article]
- Housing Affordability Proves Elusive [view article]
- Exchange-Traded Funds and Closed-End Funds by Asset Class, Type and Provider [view article]
- A Good Time to Cover Bank of America [view article]
- Bullish on the Market, With Caution [view article]
loading ...Recent IYG Articles
- ETF Update: The Financial Rebound
- ETF Update: Are Homebuilders on the Rise?
- Probe of Citigroup et al Could Hit Financial ETFs
- ETF Update: Financial Sector Shows Strength
- Best and Worst Performing ETFs This Week
- ETF Update: Gold, Financials, Aluminum
- REIT ETFs: Beaten by a Dart-Throwing Monkey
- U.S. Bank Dividend Yields Revisited
- Key ETFs Furthest Above and Below Their 50-Day Moving Averages
- Most Overbought and Oversold ETFs
- Full List of Articles »
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Probe of Citigroup et al Could Hit Financial ETFs [view article]
Why not short the banks with tiny dividends like Wachovia and stay long the banks with large dividends? Replyng
Probe of Citigroup et al Could Hit Financial ETFs [view article]
Let me start by saying I have NEVER owned abank because 1) bankers seem to be poor judges of risk 2) they are not in control of their own destinys. Having said that enforcing this rule about short selling may sabilize the drops we have seen.Invest in other sectors like the ones listed on my freewebsite if you want to earn double digit returns."bottom fishing" on banks isnt worh the risk:yet ReplyProbe of Citigroup et al Could Hit Financial ETFs [view article]
I don't like gold as and investment but it looks like if things get worse. I think it might be wise to load up on GLD for a temporary hedge against collapse of the financial markets. Hold GLD only until the financial markets are truly restored. Not being rallied by people in the government who know better and surly have broken US Law. ReplyProbe of Citigroup et al Could Hit Financial ETFs [view article]
Pray tell: what countries have a "hard" currency? Do you suggest one backed by gold or are they not all fiat currencies? ReplyProbe of Citigroup et al Could Hit Financial ETFs [view article]
It is interesting how various government entities and some trial lawyers feel that various investment firms’ are responsible for these failed auctions that worked well for a very long time. It was the slowly deteriorating finances of the investment banking firms which contributed to them not being able make satisfactory markets any longer particularly when individual participants also failed to show up. We ALL got too comfortable but the “ice” was getting “thinner” for quite some time.I suspect that the U.S. government at some point in the future is going to similarly have failed auctions rolling over our U.S T-bills, notes, and bonds. Our fiscal finances are a disaster! You can wait until these safe instruments blow up or better yet as a wise investor move your money and investments to “hard” currency countries. One day our AAA rating is going to be seen as a joke. And you won’t get a dime from suing the government for after all “you can’t fight city hall.”
Reply
Probe of Citigroup et al Could Hit Financial ETFs [view article]
people are SHORT or LONG...based on their analysis...Everyone probably has a "vested interest" in promoting their take on the outlook for mkts, sectors, or stocks.
However, because they may/may not have a VESTED INTEREST...DOES "NOT NEGATE" their REASONING!
in reality...being short or long on something...indicates.... PUT YOUR MONEY WHERE YOUR MOUTH IS.
My take...
how, can you be LONG the "financials" when the FUNDAMENTALS keep getting worse "day-by-day" ...week-by-week" etc.
SHORTS have BACKUP OF FUNDAMENTAL DATA...
...and their "short" because that's the PROBABILITY OF MAKING A RETURN ON YOUR INVESTMENT.
I LISTEN TO "all news, etc." AND TAKE A POSITION ...BASED ON "PROBABILITIES&qu... of a sector, stock, etc.
whether, someone has or doesn't have a "so-called vested interest" GOES WITH THE news, analysis, etc.
Who, convinces me...is the WAY...and WHAT SIDE I INVEST ON!
short financials: all the fundamentals, news, statistics...STRONG CASE...
long financials: CHEERLEADING MOSTLY...no facts or logic to support their position...
suspect many LONGS are "shills" for "big boy investors" who like Lewis in the case of Bear Sterns...AFTER THEY TOOK A TERRIBLE LOSS as Bear Sterns kept declining over time...tried desperately to STAVE OFF "FURTHER LOSSES as Bear Sterns went down to like $2.
Looks, to me like "evidence" is for WORSE NEWS for "many large financials" and they will GO THE WAY OF BEAR STERNS...
screwing their investors...despite last minute help from the Gov to prop their prices, and rally the financials...but based on what...
the gov will let you survive...even the Gov will stop support when IT REALIZES THIS price prop spin WILL FAIL...
AND THE GOV WILL "TAKE OVER" MANY FINANCIALS or engineer Bear Sterns type buyouts...
geez, the Treasury is putting itself in position to "buy your stock!"
Hooray! ...you say...until you realize... they are not doing that to Prop your stock, or drive it up in an "unjustified by the fundamentals" rally...
...they know in the end, that when prop fails...THEY WILL BE BUYING YOU particulary FNM, FRE...FOR "PENNIES ON THE DOLLAR!"
think about it...if your a "weak" big financial YOU'LL GO THE "BEAR STERNS "precedent!"
FNN, FRE...another gov bureaucracy...
but...you the "common shareholder" in these entities...
ARE AT THE "BOTTOM OF THE TOTEM POLE" for "pennies on the dollar" (if that)...bondholders, preferred securities...
get paid out of "what's left over" in liquidation...the future for many of you...
Financials have not reached "bottom" ...the Gov just keeps lowering it...that's all.
Most Financials are like the "former great city of New Orleans!"
...was always REBUILT "bigger and better" after each calamity...in the twentieth century...BUT NOT THIS TIME!
just "small portions" mostly Gov related...
so you still have a GS financial...small portion probable survivor...but MANY...will like
New Orleans..."NEVER RECOVER!"
your money longs... gonna go down with a "Lewis" ala "Bear Sterns" or put your money in something more LIKELY to Recover....
flashrob Reply
Probe of Citigroup et al Could Hit Financial ETFs [view article]
contrariwise, meet user 182544. All markets are human mechanisms and are, thus, subject to mendacity, fear, greed, complacency and hubris; as well as transitory 'epiphanies'. These epiphanies are called rallies and corrections. ReplyProbe of Citigroup et al Could Hit Financial ETFs [view article]
Net effect = $0. Wallop, I don't think so. Old news, new day. This sort of thing has gone on for years, and will continue to go on for years. New faces, new games.......but it will always be that way. It's a catch me if you can world. Only a very short term effect if anything. If banks are going to go up near term, then they will. Shorts may run in for a short term profit and the longs will wait until they cover. I see it as win-win news for traders. That's all. ReplyTiedeman
Probe of Citigroup et al Could Hit Financial ETFs [view article]
Good. Let Cuomo crate a buying opportunity. 36 months from now this sector will be fully priced and fully recovered. You buy a UYG when things look dismal. ReplyProbe of Citigroup et al Could Hit Financial ETFs [view article]
UYG is the double long Banking, and SKF the double short - short the former or load up on the latter. ReplyProbe of Citigroup et al Could Hit Financial ETFs [view article]
Thieves! Bloody thieves!Citi, et al.. have the integrity of loansharks.
Go Cuomo! You're doing the right thing. Reply
Probe of Citigroup et al Could Hit Financial ETFs [view article]
So the AG is going to follow the election playbook of Guiliani and Client #9. ReplyProbe of Citigroup et al Could Hit Financial ETFs [view article]
are you short on these etfs? ReplyProbe of Citigroup et al Could Hit Financial ETFs [view article]
are you short on these etfs?Reply
Probe of Citigroup et al Could Hit Financial ETFs [view article]
'pack a wallop'? wow how dramatic Reply