GSIMMERLE wrote:http://www.entendance.com/forums/viewtopic.php?f=17&t=406&p=3954#p3954
we can easily squeeze them!
Uranium Price Action Gives Sector Much Needed Boost
http://www.tickerspy.com/blog/?p=90
GSIMMERLE wrote:http://www.entendance.com/forums/viewtopic.php?f=17&t=406&p=3954#p3954
we can easily squeeze them!
GSIMMERLE wrote:congratulations!! We win at PCX!
Fundamental analysis in certain industries, such as the banking industry, is practically useless, since mark to market principles have been suspended and banks are allowed to hide bad assets that literally would expose many of them as bankrupt off-balance sheet. Under honest financial reporting conditions, fundamental analysis, of course is useful, but requires a lot of forensic accounting analysis to really get to the core of a corporation’s true economic condition and growth prospects.
The banking industry and the media take the tactic of calling people who believe that cycles of boom and bust are intentional, “conspiracy theorists.” It’s the simplest way for the bankers to keep their power by calling everyone that exposes their immorality and greed as crazy conspiracy loonies. As Simon Johnson said in his article, “The Quiet Coup” (The Atlantic, May 2009), the bankers have taken over all major world governments so the public never receives the truth. Instead, we have to look for it.
The U.S. Central Bank, the U.S. Federal Reserve, states on its website that one of its primary missions is price stability. Since the U.S. Federal Reserve was formed in 1913, the US dollar has lost 98% if its value. Price stability would mean that the U.S. dollar would have lost 5% or less of its value since 1913. People do not understand that central banks are formed solely to enrich its owners and that they cause great harm to all citizens of the nations in which they operate. Central banks are a scam a million times greater than Bernard Madoff’s ponzi scheme.

Some of these banks are I-N-S-A-N-E-L-Y overvalued at these post bear market rally levels considering the aforementioned headwinds. Methinks fundamental analysis will make a comeback in a big way for 2010 as it meets the momentum and algo traders in a mutual BEAR feast on the big investment banks cum hedge funds. I can't guarantee it will happen, but the numbers dictate that it should. We shall see in the upcoming quarters.
We have retrieved information about trading revenues for GS, MS, JPM and BoFA. We have also retrieved some balance sheet data to reflect the trend in investment holdings and the level of leverage, but I will address that in a future post for the sake of expediency. While the banks don't break out the P&L for principal trading, we can sort of back into it. Remember, traders are fed bonuses off of net revenue, not profit.
Goldman Sachs
Trading revenues accounted for more than 50% of the total revenues over the last 8 quarters. The impact on earnings is magnified with the total trading revenues amounting to more than 150% of the total pretax income over the last 8 quarters except for the last quarter in which the earnings were positively impacted by substantial decline in compensation expense which was negative 519 million in 4Q09 against 5.4 billion in 3Q09. The negative compensation charge during the quarter was owing to accounting adjustments
Principal investments which are purely GS proprietary transactions contribution ranged within 5% to 15% of the total revenues except in 4Q08 when the huge write downs in principal investments offset the positive revenues from other sources. Revenues from principal investments ranged within 15%-50% of the total pre-tax income except in 4Q08...
http://tinyurl.com/yjg4no7
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