Wednesday, March 04, 2009

Lack of posts?

Sorry for the lack of posts past 2 days. It's just that the market has been so manic-depressive that taking a stance on any individual names may have ended in a bit of a disaster.

Absent the slide in General Electric (NYSE:GE), the large cap banks and life insurers, I'd be willing to call a bottom here.

Hope to be back tomorrow with new stuff.

4 comments:

roberta said...

it's about time you realized what a disappointment this site has been. I look forward to it in the morning and lately, it's been a zero.

notablecalls said...

Thanks, I needed that Roberta.

dcxavier said...

President Obama said it's time to buy too. But the "going concern" statement in GM's 10-K isn't going to help things today.

You're correct to be wary of the banks and insurers. If you're leveraged 10:1 and the value of your assets falls 10%, you're insolvent. It will take hundreds of billions more (trillions?) to recreate a viable banking system. That one simple fact is what's driving the market.

stocktradeteam.com said...

Hey NC,

I know we all need a break sometimes, and in this environment it's sometimes better safe than sorry. You're morning commentaries have been pretty good with more insight to individual names. Keep up the good work!

Trader1