October 06, 2008 –
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RELATED TICKERS: BAC
, C
, WFC
Members of our government have been appallingly ignorant concerning the roots, implications, and potential solutions of our current financial crisis. They have also been astonishingly inarticulate when trying to speak to the American public, let alone Congress, which has put at risk the financial futures of many hard working Americans like you and me. Further, our presidential candidates have not inspired ANY confidence that they are on top of even the most basic of these issues and that's important because whoever wins (although House Republicans, you essentially handed Obama the election), they will be dealing with little else for the next four years. God help us all! [more]
September 21, 2008 –
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RELATED TICKERS: MCO
, ABK
, MBI
I know that analyst ratings should always be taken with a grain of salt. That being said, when Moody's, Standard and Poor's, Fitch etc muddy ;) ;) the water, ostensibly from a postition of objectivity, one has to wonder whether they they are beneficial or even relevant given their track records over the previous several months. In my view, they are often late to the game and their so called 'data' is suspect. Did they not endorse the debt vehicles that have now landed all of us in the toilet? So far, it has been difficult to determine where potential conflicts of interest might lie, but my sniff test is telling me something is rotten. [more]
July 28, 2008 –
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RELATED TICKERS: BAC
, C
, WFC
Sent to the SEC: [more]
December 24, 2007 –
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RELATED TICKERS: FMD
, TOL
, FDX
So Friday (12/21) we were all swooning with more than a six dollar swing in the FMD share price. Is that 'Happy Days are Here Again!' I hear in the background? Today, the day before Christmas, we gave 10% back; obviously some profiteering or more panic selling to avoid even greater losses. Who knows? I don't. FMD still seems like a solid company albeit one in a rough patch with all of the rest of the financials. GS likes it even if nobody else does. I liked it before. Still do. Doesn't mean I will make out, but I am doing the best I can and hanging in there. Still trying to digest the Fisher book and thinking about what makes a good company. BAC seems to be holding its own, even C for now. No doubt some bad decisions were made, maybe with more negative implications for the financials coming. In the end, we move on and wait to see if our confidence is warranted; sure is lonely out here though. A lot of Fools seem very distraught about the short term (who wouldn't be?) but I find it ironic that a site dedicated to long term investing (not trading) would manifest such panic. I keep telling myself, 'if only I can keep my head while all about me others are losing theirs...' Maybe this is what it means when I have read that investing is less about how smart you are and more about temperment. Looking at picking up a little more FMD off some $20 puts for January. Still thinking about C and whether to get some more BAC. Picked up some TOL on Friday. Anybody notice how down FDX is? Talk about a great company, great brand, and great international prospects, hmmm.... [more]
December 19, 2007 –
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RELATED TICKERS: BAC
, FMD
, TOL
I am within 1200 of the coveted DUNCE CAP award! Gaze upon me with lust and envy fellow Fools! Bought more BAC and FMD, oh, and some TOL.
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