|
|
Picks Performance:
Outperforms
61%
of community
|
|
|
All-time Return
-5.01%
(in 1 year)
|
Risk (SD)
Moderate
0.00%
|
Sharpe Ratio
-9.39
|
Followers
1
|
Winning Picks
6
of
15
|
Total Views
36176
|
|
Peter Cohan's Blog Posts
$150 billion for 650,000 jobs: Is it worth it?
10/30/09
—
Filed under: Politics, RecessionCNNMoney reports that after $150 billion in stimulus spending, tens of thousands of states, cities, and private companies have saved or created 650,000 jobs. At $2.4 million per job, is that worth it?
The answer depends on whose side you're on. Those who want the pres...
How's that $787 billion stimulus plan working out?
05/03/09
—
Filed under: Politics, Financial CrisisOne of President Obama's accomplishments during his first 100 days was the passage of a $787 billion stimulus plan. I think the idea of economic stimulus makes sense when an economy is in the middle of a deflationary spiral. As I posted, that's when a drop in de...
GS
MS
Add $590 billion from TARP, cut lending 23% -- What gives?
04/21/09
—
Filed under: JPMorgan Chase (JPM), Goldman Sachs Group (GS), Morgan Stanley (MS), Wells Fargo (WFC)Last fall, former Treasury Secretary Hank Paulson decided it would be good to buy the toxic waste off of bank balance sheets, so he persuaded the President and Congress to spend $700 billion to create t...
ORCL
JAVA
Oracle pays $7.4 billion in cash for Sun Microsystems -- really?
04/20/09
—
Filed under: Deals, International Business Machines (IBM), Sun Microsystems (JAVA), Oracle Corp (ORCL)Today's announcement that Oracle (NASDAQ: ORCL) would acquire Sun Microsystems (NASDAQ: JAVA) for $7.4 billion worth of cash left me scratching my head. The rationale? Something that Oracle's preside...
BAC
With $4.24 billion profit, is Bank of America out of the woods?
04/20/09
—
Filed under: Earnings reports, Bank of America (BAC)With apologies to Buffalo Springfield, there's something happening here. What it is ain't exactly clear. But if Bank of America (NYSE: BAC) first quarter numbers are sustainable, then it may not be long before the government is out of the business o...
Is President Obama a better stock picker than Bill Gross?
04/17/09
—
Filed under: Indices, DJIA, Financial Crisis, Obama Picks
In February I interviewed Bill Gross back when the Dow traded at 7,182. Gross's message? Equities are dead. Or more specifically, in light of his expectation that there would be no economic growth for the foreseeable future, there was no poi...
GS
Letting banks pay back the TARP could further endanger the financial system
04/17/09
—
Filed under: Goldman Sachs Group (GS), Politics, Financial CrisisAs I posted, some of the largest recipients of Troubled Assets Relief Program (TARP) money want to pay it back. TARP was originally designed to buy toxic waste from banks but it turned into a plan to put capital into banks in exchange f...
C
Citi's $1.6 billion profit based on $2.5 billion accounting trick
04/17/09
—
Filed under: Earnings reports, Citigroup Inc. (C)Today we have another example of why it is such a huge mistake to let companies write their own report cards. That's right folks, Citigroup, Inc. (NYSE: C) reported a $1.6 billion profit for the first quarter of 2009. Doesn't this sound great? It sure ...
NWS
Was the teabagging ceremony a News Corp marketing event?
04/16/09
—
Filed under: News Corp'B' (NWS) As I posted Tuesday, some people took time off to protest yesterday. I am not sure what exactly they object to or what they want. It appears that they don't like paying taxes and they object to government spending. Although they may not have realized it, their real pur...
Another market freezes up -- $479 billion in VRDNs
04/16/09
—
Filed under: Bad news14 months ago, I learned about the $330 billion market for Auction Rate Securities (ARS) -- bonds sold as cash-like whose yields reset in periodic auctions. But in February 2008, the banks that created ARS stopped propping up the market and people who held these cash-like securit...
GS
JPM
Have banks bottomed out? Think again
04/16/09
—
Filed under: JPMorgan Chase (JPM), Goldman Sachs Group (GS), Wells Fargo (WFC), Financial CrisisAfter three better-than-expected bank earnings announcements, investors are beginning to act as though the worst is over for the financial crisis. Are these earnings reports based on one-time events or a f...
GM
If Fiat dumps Chrysler, will GM and Chrysler merge?
04/15/09
—
Filed under: General Motors (GM)It's beginning to look like the cozy little plan of salvaging Chrysler through an investment from Italy's Fiat is going to fall flat on its face. And if it does, this will leave the U.S. in an awkward position. Instead of forking over another $77 billion to get General...
Are tea baggers traitors or spitballers?
04/14/09
—
Filed under: Politics, Financial CrisisThere seem to be a few folks with too much time on their hands and a huge amount of frustration over losing last November. And tomorrow they're going to have a little party -- a nationwide protest in 500 cities and towns is scheduled for Wednesday -- to let ever...
GS
FNM
Will Fannie Mae's Allison head TARP?
04/14/09
—
Filed under: Federal Natl Mtge (FNM), Goldman Sachs Group (GS), Politics, Financial CrisisThe follically challenged Herb Allison is likely to take over from Neel Kashkari, the former Goldman Sachs Group (NYSE: GS) banker who brought his shiny pate to Congress to get kicked in another part of his anat...
GM
$77 billion more to bail out bankrupt GM?
04/13/09
—
Filed under: General Motors (GM)Thanks to decades of mismanagement, General Motors Corp. (NYSE: GM) is on the brink of bankruptcy. It has about six weeks to accept the outlines of a Treasury plan and fill in its blanks.
And GM will not simply be liquidated -- instead, $77 billion more in taxpayer mo...
DTN
Why newspapers are like cigarettes
04/11/09
—
Filed under: Management, Competitive strategy, Marketing and advertising
Last week someone asked me to go on TV to talk about the future of newspapers based on my comment on how to save the Boston Globe. It's clear to me that there are many people who like to read a newspaper with their morning coffe...
Plunge a spike into securitization's heart
04/09/09
—
Filed under: Financial CrisisThe global economy is imperiled because of toxic waste. But what exactly is that? Simply put, it's securities backed by loans backed by assets like houses, shopping malls, office buildings, and credit card debt. Just jam 4,000 mortgages into a trust, pay a credit rating a...
UBS
IRS
Is the IRS giving banks the kid glove treatment?
04/09/09
—
Filed under: Employees, Scandals, Financial CrisisIf I could be reincarnated, I would come back as a banker. The world revolves around them. They get multi-million dollar bonuses, live in Fifth Avenue apartments, own spreads in Greenwich, CT, and summer in seaside cottages in the Hamptons. When their...
Wanna buy some toxic waste?
04/09/09
—
Filed under: Financial CrisisJust when I think I have heard it all, they come up with something even more eye-poppingly incredible. That's right folks. First they sucked you into the dot-com boom; then wiped out your tech stocks. Next they urged you to buy houses with money you couldn't pay back -- a...
MCO
BRK.A
Berkshire's Moody's downgrades Buffett
04/09/09
—
Filed under: Berkshire Hathaway (BRK.A)In what surely must be the PR move of the decade, Moody's Corp. (NYSE: MCO) has downgraded Berkshire Hathaway (NYSE: BRK.A) from AAA to AA2.
Why is this a great PR move? Well, Berkshire owns 20% of Moody's. And what could be a better demonstration of Moody's in...
|
|
More about Peter Cohan
Avg exp holding time:
389.33 days
|
