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Technology Stocks : Semi Equipment Analysis
SOXX 309.36+2.2%4:00 PM EST
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To: Kirk © who wrote (53634)9/12/2011 6:58:37 AM
From: Jacob Snyder  Read Replies (1) of 95520
 
OT re banks:

This article says exactly what I think about banks:

Preparing For A Credit Crisis

I would not be long money-center bank stocks or bonds, not in the US and especially not in Europe. I have had private off-the-record conversations with Republican leaders. There is simply no willingness to do another TARP-like bailout of bondholders and shareholders. I believe them. As Hussman suggested, this time bondholders will lose. I just don’t know which ones will be ready, and there are lots of other places to deploy assets. If you feel you have some special insight, then be my guest; but I just see too much risk for the potential reward, especially in large bank bonds that pay so little. That is not to say they are all equally bad – certainly not the regionals with less exposure to Europe. But do your homework.
(Caveat: I do think even the GOP leaders will have to cave in and allow the government to be “debtor-in-possession” of the too-big-to-fail banks we allowed to exist under the really bad financial bill called Dodd-Frank, which needs to be repealed and replaced. We have to preserve the system, but not shareholders and bondholders, who will lose this time.)
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