tag:blogger.com,1999:blog-13164186.post4464002635064731727..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Meredith Whitney: Housing market will double-dipDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-13164186.post-67771235860237831282010-03-18T11:27:55.185-04:002010-03-18T11:27:55.185-04:00Its a bit silly to site performance over a timefra...Its a bit silly to site performance over a timeframe of "the second half of 2009" or take 2 specific stock calls and cite them. Not blaming you, you just took the wikipedia entry, but that's just not a representative sample for performance.Anonymoushttps://www.blogger.com/profile/07941397575879054298noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-68165211425837849322010-03-18T10:48:29.730-04:002010-03-18T10:48:29.730-04:00From Wikipedia:
"In the second half of 2009,...From Wikipedia:<br /><br />"In the second half of 2009, Whitney's bearish views caused her stock recommendations to underperform both the banking sector and many of her less bearish peers. As of December 7, 2009, her recommendations had an average return of -29.54% vs a positive performance for stocks covered of +4.58%. Her sell recommendations on Capital One and Wells Fargo were particularly poor, leading to negative returns of -190.37% and -83.11% respectively."<br /><br />I still like her, but she needs to be careful with her bear calls. Right now they are looking a bit long in the tooth.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1892496499918386732010-03-18T10:15:40.635-04:002010-03-18T10:15:40.635-04:00Anonymous said...
"I love her!"
She'...Anonymous said...<br /><i>"I love her!"</i><br /><br />She's 40. Here's a <a href="http://blogs.wsj.com/deals/2010/03/15/michael-lewiss-the-big-short-read-the-harvard-thesis-instead/" rel="nofollow">younger cutie</a>, who's probably smarter too.Jameshttps://www.blogger.com/profile/15243567377599238583noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-15898104543602202932010-03-18T03:43:54.704-04:002010-03-18T03:43:54.704-04:00I agree with you. I too believe the trends lie the...I agree with you. I too believe the trends lie the same as you mentioned. <br />Keep posting. <br /><br />Regards,<br /><a href="http://www.plotehomes.com/" rel="nofollow">PLote Homes</a>New Homes Illinoishttp://www.plotehomes.com/illinois_new_homes.htmlnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-22181344462924780302010-03-16T22:32:00.093-04:002010-03-16T22:32:00.093-04:00"But now that the securitization market is ef..."But now that the securitization market is effectively closed, the prices of mortgages for consumers have not risen to compensate banks for that loss of revenue"<br /><br />Income in the banks generated from MBS's have not risen to offset last year's losses because no one is issuing or being approved for mortgages.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-78056646951362917162010-03-16T16:20:18.354-04:002010-03-16T16:20:18.354-04:00I love her!I love her!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-27089609295585872912010-03-16T10:29:02.964-04:002010-03-16T10:29:02.964-04:00Well, I'm pretty convinced. Whitney has a goo...Well, I'm pretty convinced. Whitney has a good t5rack record and a lot of credibility with me. So her saying "there surely will be a double dip" is significant. One thing that I don't understand is this <br /><br />"But now that the securitization market is effectively closed, the prices of mortgages for consumers have not risen to compensate banks for that loss of revenue"<br /><br />Why haven't they risen? Is demand just too low? Or have banks just stopped lending to anyone without top notch credit and 20%+ downpayments, keeping rates low?Anonymoushttps://www.blogger.com/profile/07941397575879054298noreply@blogger.com