Forum Replies Created
-
AuthorPosts
-
JWM in SD
Participantanyone counting on a pension 10 to 20 years from now is dreaming. Calpers for example is almost broke. CEO resigned recently. Many of these pensions are holding toxic loan funds that have yet to report their losses. Should be interesting in November when they have to all report their status.
http://www.financialsense.com/Market/daily/monday.htm
Money Quote:"Having glanced through the equities portion of the same Calpers report, we see no less than 641 thousand shares of Bear Stearns with a reported market value of 140 bucks per share, more than 22 million shares of B of A with a reported value of 48+ bucks, 23 million shares of Citibank with a reported value of 51+ dollars per share, 565 thousand shares of AMBAC with a reported value of 87+ bucks per share, 948 thousand shares of MBIA valued at 62 bucks+ per share and for a bit of international diversification, let’s not forget 819 thousand shares of good ole Northern Rock valued at 17.70 per share. Calpers is soon due to release their updated June 2008 Annual Investment Report. Anyone want to place a friendly wager on the extent of losses that are going to be reported?
Participantanyone counting on a pension 10 to 20 years from now is dreaming. Calpers for example is almost broke. CEO resigned recently. Many of these pensions are holding toxic loan funds that have yet to report their losses. Should be interesting in November when they have to all report their status.
http://www.financialsense.com/Market/daily/monday.htm
Money Quote:"Having glanced through the equities portion of the same Calpers report, we see no less than 641 thousand shares of Bear Stearns with a reported market value of 140 bucks per share, more than 22 million shares of B of A with a reported value of 48+ bucks, 23 million shares of Citibank with a reported value of 51+ dollars per share, 565 thousand shares of AMBAC with a reported value of 87+ bucks per share, 948 thousand shares of MBIA valued at 62 bucks+ per share and for a bit of international diversification, let’s not forget 819 thousand shares of good ole Northern Rock valued at 17.70 per share. Calpers is soon due to release their updated June 2008 Annual Investment Report. Anyone want to place a friendly wager on the extent of losses that are going to be reported?
Participantanyone counting on a pension 10 to 20 years from now is dreaming. Calpers for example is almost broke. CEO resigned recently. Many of these pensions are holding toxic loan funds that have yet to report their losses. Should be interesting in November when they have to all report their status.
http://www.financialsense.com/Market/daily/monday.htm
Money Quote:"Having glanced through the equities portion of the same Calpers report, we see no less than 641 thousand shares of Bear Stearns with a reported market value of 140 bucks per share, more than 22 million shares of B of A with a reported value of 48+ bucks, 23 million shares of Citibank with a reported value of 51+ dollars per share, 565 thousand shares of AMBAC with a reported value of 87+ bucks per share, 948 thousand shares of MBIA valued at 62 bucks+ per share and for a bit of international diversification, let’s not forget 819 thousand shares of good ole Northern Rock valued at 17.70 per share. Calpers is soon due to release their updated June 2008 Annual Investment Report. Anyone want to place a friendly wager on the extent of losses that are going to be reported?
Participantanyone counting on a pension 10 to 20 years from now is dreaming. Calpers for example is almost broke. CEO resigned recently. Many of these pensions are holding toxic loan funds that have yet to report their losses. Should be interesting in November when they have to all report their status.
http://www.financialsense.com/Market/daily/monday.htm
Money Quote:"Having glanced through the equities portion of the same Calpers report, we see no less than 641 thousand shares of Bear Stearns with a reported market value of 140 bucks per share, more than 22 million shares of B of A with a reported value of 48+ bucks, 23 million shares of Citibank with a reported value of 51+ dollars per share, 565 thousand shares of AMBAC with a reported value of 87+ bucks per share, 948 thousand shares of MBIA valued at 62 bucks+ per share and for a bit of international diversification, let’s not forget 819 thousand shares of good ole Northern Rock valued at 17.70 per share. Calpers is soon due to release their updated June 2008 Annual Investment Report. Anyone want to place a friendly wager on the extent of losses that are going to be reported?
ParticipantWhat are you doing back here? I thought you crossed over to the dark side a long time ago already.
Oh yeah and your website / blog is weak.
ParticipantWhat are you doing back here? I thought you crossed over to the dark side a long time ago already.
Oh yeah and your website / blog is weak.
ParticipantWhat are you doing back here? I thought you crossed over to the dark side a long time ago already.
Oh yeah and your website / blog is weak.
ParticipantWhat are you doing back here? I thought you crossed over to the dark side a long time ago already.
Oh yeah and your website / blog is weak.
ParticipantWhat are you doing back here? I thought you crossed over to the dark side a long time ago already.
Oh yeah and your website / blog is weak.
May 20, 2008 at 11:18 AM in reply to: Its official folks . . . SD RE YOY inventory is now shrinking. #208318Participant“It’s only significant because we haven’t got the volume bump in this spring like every other years.”
Precisely. Good point. If the inventory level was adjusted for seasonality, then it would look even lower still.
Quite frankly, neither the bump up in sales nor the bump down in inventory is surprising to me. It would have been more surprising if there had not been one. I was expecting both to be more robust due to knifecatchers who are ignorant but necessary to reset comps lower.
May 20, 2008 at 11:18 AM in reply to: Its official folks . . . SD RE YOY inventory is now shrinking. #208377Participant“It’s only significant because we haven’t got the volume bump in this spring like every other years.”
Precisely. Good point. If the inventory level was adjusted for seasonality, then it would look even lower still.
Quite frankly, neither the bump up in sales nor the bump down in inventory is surprising to me. It would have been more surprising if there had not been one. I was expecting both to be more robust due to knifecatchers who are ignorant but necessary to reset comps lower.
May 20, 2008 at 11:18 AM in reply to: Its official folks . . . SD RE YOY inventory is now shrinking. #208407Participant“It’s only significant because we haven’t got the volume bump in this spring like every other years.”
Precisely. Good point. If the inventory level was adjusted for seasonality, then it would look even lower still.
Quite frankly, neither the bump up in sales nor the bump down in inventory is surprising to me. It would have been more surprising if there had not been one. I was expecting both to be more robust due to knifecatchers who are ignorant but necessary to reset comps lower.
May 20, 2008 at 11:18 AM in reply to: Its official folks . . . SD RE YOY inventory is now shrinking. #208432Participant“It’s only significant because we haven’t got the volume bump in this spring like every other years.”
Precisely. Good point. If the inventory level was adjusted for seasonality, then it would look even lower still.
Quite frankly, neither the bump up in sales nor the bump down in inventory is surprising to me. It would have been more surprising if there had not been one. I was expecting both to be more robust due to knifecatchers who are ignorant but necessary to reset comps lower.
May 20, 2008 at 11:18 AM in reply to: Its official folks . . . SD RE YOY inventory is now shrinking. #208460Participant“It’s only significant because we haven’t got the volume bump in this spring like every other years.”
Precisely. Good point. If the inventory level was adjusted for seasonality, then it would look even lower still.
Quite frankly, neither the bump up in sales nor the bump down in inventory is surprising to me. It would have been more surprising if there had not been one. I was expecting both to be more robust due to knifecatchers who are ignorant but necessary to reset comps lower.
-
AuthorPosts
