Use access key #2 to skip to page content.

turdburglar (42.49)

August 2011



Bank of America didn't need to raise capital

August 25, 2011 – Comments (10) | RELATED TICKERS: BAC

They told us that a few days ago.  Today they raised capital.  They sold preferred stock to Warren Buffett that pays 6% and includes warrants to buy common stock at approximately the price just before the deal was announced.  [more]



Rallying on "Fed hopes"?

August 23, 2011 – Comments (6)

Hoping for what?  Super QE where the Fed is going to step in and buy stocks?  [more]



Hurry! Buy Treasuries!

August 18, 2011 – Comments (6)

A ten-year is yielding a ripe 2%.  Hurry and get it before the yield goes down to 1%!  [more]



The key to the homebuilding turnaround

August 11, 2011 – Comments (12)

I live in a Centex house in a Centex neighborhood.  My wife describes Centex houses as "boring and bland".  We have a small garage, a small yard, and an HOA that tells us we can't put a shed in the back yard or even put solar screens on the windows without their permission.  We also get the privilege for paying $420 per year to fund these guys to make sure that none of our neighbors can put solar screens on their windows and mess up the aesthetic of the neighborhood.  The homeowners in our neighborhood don't control the HOA because the builder is still building or at least could be building if they had anyone who wanted to buy a cookie-cutter house in a cookie-cutter neighborhood, so the builder maintains complete control of the HOA.  [more]



Random Thoughts August

August 09, 2011 – Comments (5)

1.  The drought here in Texas is going to have to eventually have some kind of effect on food prices.  [more]



Stock selloff seems knee-jerky

August 08, 2011 – Comments (8) | RELATED TICKERS: CSCO , COP , UPS

Why are we selling our stocks today?  Because the US Treasury bonds got downgraded by S&P - yes, the same S&P that said a big pile of subprime mortgages was AAA just a few years ago.  [more]



So what's new?

August 05, 2011 – Comments (0)

Stocks are cheaper.  That's the news.  [more]