Other Blog Comments

I have been perusing various blogs tonight and some of the comments are just hilarious. I picked out some of my favorites. I know I am a nerd but I burst out laughing on everyone except the last one. I included the last one because I thought it had some great insight. At some point it will be time to buy financials.

1) This was my second favorite. I think I am good on all of these in some form or fashion.

Weapons check
Ammo check
gold check
silver check
cash check
no debt check
farmland check

Ok carry on


2) This one is seriously amazing. We have a floor on the markets? Well if you like people being broke. He actually manages $77 billion? That is why people like me can make money.

``It'll be perceived as a positive for the markets,'' said E. William Stone, who oversees $77 billion as chief investment strategist at PNC Wealth Management in Philadelphia. ``It puts a floor under all the financials. The longer-term thesis is that the Fed won't let good companies fail based on lack of liquidity and a crisis of confidence.''

3)

Rockets already won and NCAA brackets announced...this is a little bit crazier, without the scantily clad cheerleaders

4) This is the one I laughed at the hardest. Referring to the Japan's open after their lunch break.

Japan opens in 5 minutes, pass me some more popcorn...

4)

March Madness, it's not just for Basketball anymore .....

5)

I want to find someone that shorted this garbage and get a non-recourse loan at the bar tomorrow.

If your beer isn't green, just look at it with some poor brokers face on the other side of the mug, that ought to do it.

6) This I found very interesting

Anybody have any idea what kind of subsidy this is to the banks if the Federal Reserve were to loan the 400B dollars it's announced?

Check my math...If we assume that the primary dealers are borrowing money at 3.25% and the collateral pays 8% the spread is 4.75%.4.75% spread on (announced) 400B dollars is 19B dollars per year. Not much...But, if we assume that banks NIM is 3% and there is 13T dollars of assets on the banks balance sheets we get 390B dollars.Total losses are estimated at 300-500B?So, banks should be able to start expanding balance sheets again in 8-12 months from August?

Of course, that assumes continued "robust" demand for long term loans from a strong economy. A severe recession would depress long term rates and cut NIM. Japanese banks NIM is closer to 1.5%.