the Banking Index

Citygroup: aktien faller med nästan 6%

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Largest US Companies:

Eftersom Citygroup aktien faller... det gör också värdet.

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

igår

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

# 0

The Next Worry: Bond Insurers

Wall Street is fretting that the subprime carnage could spread to bond insurance firms. A key concern is CDO exposure

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

# 0

Estimating the value of CDOs is tricky, given that they are complex, opaque, and rarely traded. That's why many people judge them by the credit ratings on their assets, which for Citi's deals were almost exclusively AAA and AA. But "just because a CDO portfolio hasn't been hit with a lot of downgrades doesn't mean it won't in the future," says Douglas J. Lucas, head of CDO research at UBS

Citi May Have a New Mess on Its Hands

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Citigroup's Sinking Feeling

It's getting hit, but it's not time to panic out of the stock. Jim Cramer

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

BKX  ner 5,20%

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

SPX970   Jag vill bara tala om att jag tycker du är fantastisk som lägger ned det jobb du gör på AG! Jag hoppas du fortsätter i samma stil!   Mvh Kulan

# 8

Tusen tack

Jag lovar att jag skall försöka...men jag vet att jag kommer att börja jobba nästa vecka och därför kommer aktivetet att minska lite...:-))

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

#9 Jobbet är väl inte så viktigt...tycker du ska fortsätta lägga energi på dina suveräna strängar :) 

# 19

tusen tack,,,

Jo da,,, mina elever kommer att bli jätte besvikna... och sén jag har inga planer på att sluta. Jag mår bra av att skriva och läsa vad andra skriver,,,

Ta och ge:-))

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Merrill Lynch (MER) is down another 8%+ today on news that that the company made improper deals with hedge funds to move mortgage exposure off its balance sheet.

Senaste:

Merrill Lynch Responds to Wall Street Journal Story

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

FED: Board approved final rules to implement new risk-based capital
requirements in the United States for large, internationally active
banking organizations. The new advanced capital adequacy framework,
known as Basel II, more closely aligns regulatory capital requirements
with actual risks and should further strengthen banking organizations'
risk-management practices. Gov Kroszner says this will strengthen banks.

Mvh werik1

Merill skall skriva ner troligen mer aen dem 8,5 miliarder dem har pratat eller raettare sagt  ljugit om.Summan kommer att vara naermast 10 miliarder O Neal fick 161 miloner i fallskaerm foer prestationen.

Vaenta och se till resten av subprime skiten komer fram.

The Uncertainty About CDOs Needs To Be Reduced 

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

# 0

Default events triggered on at least 7 CDOs-Moody's 

Moody's has taken rating actions on five of the seven CDOs receiving "Event of Default" notices. Those five have a total par value of about $5.4 billion. Their original ratings ranged from top "AAA" ratings to "B2," or five levels below investment grade.

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Citi Faces $6-$10 Billion Write-Off; Prince Is Out

Citigroup faces a write-down in the range of $6 billion to $10 billion, mainly because of exposure to subprime mortgages and collateralized debt obligations, CNBC has learned.

Citigroup will be parting ways with CEO Charles Prince, according to sources.

Citi Chief Executive Officer Charles Prince has already offered to resign from his post, according to a person familiar with the situation, and the financial services company's board is expected to accept his resignation at an emergency meeting scheduled for Sunday.

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

bkx 

den kanske får stöd här

mvh

"Bach divine machine à coudre"
Colette

STOCKHOLM (Direkt) Den amerikanska storbanken Citigroup
meddelade sent på söndagen att dess vd och ordförande Charles
Prince kommer att lämna sin post.

Samtidigt meddelade Citigroup att banken kan komma att
göra ytterligare nedskrivningar av sina tillgångar relaterade
till subprimeoron om totalt 11 miljarder dollar, förutom de 6
miljarder dollar i nedskrivningar som banken bokförde under
det tredje kvartalet.

Tills vidare kommer Robert Rubin att ta över Prince roll
som ordförande för banken och att Win Bischoff tar över som
tillfällig vd./

mer här

Citi's Sub-Prime Related Exposure in Securities and Banking

Citi estimates that, at the present time, the reduction in revenues attributable to these declines ranges from approximately $8 billion to $11 billion (representing a decline of approximately $5 billion to $7 billion in net income on an after-tax basis).

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Inlägget är redigerat av författaren.

Why Citi Struggles to Tally Losses

 Citigroup's subprime exposure -- and source of its problems -- is found in two big buckets that together total $55 billion in its securities and banking unit, the bank said. The first bucket totals $11.7 billion, including securities tied to subprime loans that were being held, or warehoused, until they could be added to debt pools for investors. The second, totaling $43 billion, covers so-called super-senior securities.

'
" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

 STOCKHOLM (Direkt) Citigroup reviderar sitt resultat för
det tredje kvartalet till 0:44 dollar per aktie, från tidigare
0:47 dollar per aktie.

Det skriver Bloomberg News

Revideringen sker med hänvisning till omvärderingen av
så kallade ABS och CDO:s, värdepapper med bakomliggande
tillgångar som säkerhet respektive räntebärande tillgångar som
är en paketering av företagsobligationer med olika rating./GV

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

banking index uppdatering ,

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Citigroup : stödet från 1998-1999 håller.

Bevaka 35...

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Chuck Prince?s Departure: Good or Bad?

Earlier this morning, Jocelynn Drake covered the news from Citigroup. This news prompted David Gaffen over on The Wall Street Journal's blog page to ask if the decision was good or bad. Gaffen wonders how the company is "going to pull itself out of the Big Dig-sized sinkhole it's enveloped in right about now." Gaffen gives a nice recap of the early action for Citigroup, including reasoning as to why the news was greeted with mixed views by analysts, "in part because, well, the firm is also writing off an additional $8 billion to $11 billion thanks to its bad bets."

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

XLF 

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Goldman Sachs

vackert:-))

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Från the wall street Journal

Citigroup's Problems Continue; Start to Infect the Whole Sector

Let's stop right there are acknowledge the obvious. Citigroup is publicly stating the turmoil in the financial sector is not a one-time event, but instead the beginning of a rather long process that will take at least until the end of June 2008 -- 8 months from now. That makes a hell of a lot more sense given that no one really knows how much further damage is possible. Anyone who says this is a one time event or this won't cause damage beyond the end of the year is lying through their teeth.


Citigroup's new woes underscored for many investors that the fallout from credit-market turmoil will likely continue for longer than many expected. Counting Citigroup's potential new losses, banks and investment houses will have racked up combined losses of more than $30 billion because of mortgage- and debt-market problems [in the latest quarter]. Many worry that Citigroup's predicament is a signal that more losses could be in store for other financial players.


The third quarter has demonstrated two very important points. First, the problem is widespread. I can't think of a major financial player who hasn't announced some type of portfolio writedown this quarter. Secondly, the problem is big. So far this quarter we've seen $30 billion in writedowns. That's a significant amount of capital that is vanishing into thin air. And Citi's tacit acknowledgment that further writedowns are possible indicates this won't be the last time we see the phrase "writedown" in a financial company's earnings release. 

Chief Financial Officer Gary Crittenden, on a conference call with analysts yesterday, acknowledged that the $8 billion to $11 billion in losses flagged by the bank are an estimate of write-downs that may be needed. The bank "can't give any assurance" that the loss won't grow as the quarter progresses, he added.


Further writedowns should surprise no one at this point given the breadth and depth of the problems we've seen so far. But public acknowledgment of the problem is important.

The magnitude of Citi's writedowns are starting to negatively impact trader's and analyst's perception of the sector:

The scary part is that Citi and other leading banks might still be lowballing their losses in hopes that things won't get any worse

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

 Citigroup Crisis Trendline

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

#28 Nu ger jag i o f inte mycket för en trendlinje i lin-chart på sådär lång tid, men det som slår en när man ser den där bilden är vilka fina köplägen det uppenbarat sig i samband med dessa kriser! 

|StRY| "Caveat emptor. Buyer beware."

# 29

Det faktiskt många som tycker att det är bra köpläge.

Det finns många belägg för det... :-))

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

STOCKHOLM (Direkt) Krisen på kreditmarknaderna de
senaste månaderna kom som ett resultat av en "dramatisk
förändring" i bedömningen om riskerna med bostadskrediter, och
det kan komma att ta tid innan hela vidden av händelserna i
somras blir klar.

Det sade Fedchefen i Richmond, Jeffrey Lacker, i ett
anförande på onsdagen, enligt Bloomberg News.

"Min tolkning av bevisen är att episoden handlade mindre
om likviditet och att det helt enkelt handlade om ett
dramatiskt skifte i värderingen av en klass av
kreditexponeringar", sade han.

Ökade betalningsinställelser på bostadslån ledde till en
reträtt från risk och utlåning, och en omvärdering av värdet
på derivatprodukter kopplade till bostadsobligationer. Och
sjunkande bostadspriser dämpade också aptiten på
bostadspapper.

"De aggregerade förhållandena på bostadsmarknaden har
lett till större förluster än väntat på många av de nya
bolåneprodukterna. Det betydde oundvikligt att åtminstone
vissa av de värdepapper som baserades på dessa produkter också
skulle utvecklas svagt", sade Jeffrey Lacker.

Turbulensen på finansmarknaderna ledde fram till att
Federal Reserve nu har sänkt styrräntan med totalt 75 punkter,
till 4,5 procent, och sänkt diskontoräntan med totalt 125
punkter, till 5,25 procent.

"När det här har blåst över kommer vi kunna säga att Fed
gjorde rätt. Vi stod redo att låna ut - mot bra säkerhet och
till straffränta - men vi lade oss inte i marknadens värdering
av risk", sade Jeffrey Lacker./PD

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Within the Fed, Resistance to Further Rate Cuts

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

# 32

Ta vad fed säger med nypa salt... om att Fed inte kommer att sänka räntan.

16 augusti William Poole sa  "the subprime mortgage rout doesn't threaten U.S. economic growth, and only a ``calamity'' would justify an interest-rate cut now.

Poole Says Only `Calamity' Would Justify Rate Cut Now

Några dagar senare sänkte fed  Discount Rate med 50punkter.

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

 Fannie Mae (NYSE ) aktien faller med över 10%

New York Attorney General Andrew Cuomo broadened his nine-month investigation of the mortgage industry, issuing subpoenas to Fannie Mae and Freddie Mac seeking information on loans they bought from banks including Washington Mutual Inc.

Cuomo is demanding Fannie Mae and Freddie Mac, the two biggest U.S. providers of home loan financing, hand over details of loans they buy that may show appraisal values on homes were illegally inflated.

Cuomo Widens Mortgage Probe, Taps Fannie, Freddie

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Bond Insurers Have Problems As Well

 Moody's Investors Service and Standard & Poor's will downgrade the ratings only after problems have become more obvious, Egan said. He dismissed the argument made by insurers that mark-to-market losses won't turn into realized losses.

``You can't say that the whole market is stupid,'' said Egan. ``In my opinion you can assume a slight discount for market dislocations, but it has gone far beyond that.''

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

obligations, which are nine times levered. "Thus every ?1m of CDO bonds [acquired] is effectively supported by less than ?20,000 of end investors? capital - a 2% price decline in the CDO paper wipes out the capital supporting it."

bankirer

Mvh werik1

Banking index

uppdatering

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

#28 En perfekt  ED kan det bli.

mvh

PS: Du som har AG-Pro kan kostnadsfritt testa min Rysslands-grupp.

# 38 

 SPX : 61.8% retracement är 1465:-))

 
" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Inlägget är redigerat av författaren.

Financial måste falla 18% för nå nivåer från 1998.

Så man kan inte tala om botten om man jämför med 1998 eller 2000- 2002

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Caroline Baum kommer tillbaka med en intressant text:-))

Rubin Favors `Strong Stock' Policy for Citigroup: Caroline Baum

Bubble Vision

Remember the fellow who said you couldn't know a bubble until after it burst? With some distance from his perch at the Fed, Greenspan seems to have acquired 20-20 vision. He now dispenses bubble diagnoses freely (on the U.K. housing market and Chinese stock market), handicaps U.S. recession (the odds are less than 50 percent currently), and finally found a bailout he doesn't like (the Treasury-supported plan to combine the best assets from bank-related Structured Investment Vehicles into a Super SIV).

Rubin, Greenspan's former colleague on ``The Committee to Save the World,'' as Time magazine put it in its Feb. 15, 1999, cover story, is back in the clean-up business. The job of cleaning up the mess that Greenspan made has been left to Bernanke.


" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

More Bad News for Banks? This Time in the UK.

 Nov. 11 (Bloomberg) -- HSBC Holdings Plc is set to announce $1 billion of bad debts stemming from its U.S. mortgage business, the Daily Telegraph said, without citing the source of its information.

The London-based bank will reveal the figure when it announces third-quarter results for its U.S. business this week, the newspaper reported on its Web site. Gareth Hewett, a Hong Kong-based HSBC spokesman, declined to comment on the report when called by Bloomberg News today.

HSBC, Europe's biggest bank by market value, was among the first banks to disclose holdings related to soured U.S. home loans this year. The lender's provisions for bad loans, primarily to U.S. borrowers with poor credit histories, climbed 63 percent to almost $6.4 billion in the first half of 2007.

The deepening U.S. housing slump caused Fannie Mae, the country's biggest source of money for home loans, to report a $1.39 billion third-quarter loss on Nov. 9. Earlier this month, Morgan Stanley said it lost $3.7 billion on subprime mortgage- related assets and Citigroup Inc.'s Chief Executive Charles O. Prince resigned after his bank said mortgages and related securities lost as much as $11 billion of their pretax value.

HSBC's shares in London have fallen 9.7 percent this year, compared with a 1.4 percent advance by the FTSE 100 Index. The bank's Hong Kong stock has lost 1.1 percent, while the Hang Seng Index has climbed 44 percent

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Banking index

Uppdatering:-))

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Goldman Held Bigger Level 3 Share Than Citi, Merrill

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Fannie Mae (FNM)

ner över 17% denna vecka...

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

#SPX970 Du behöver jämföra bank index historisk med S&P500 föratt överhuvudtaget kunna dra en slusats. 

ex från mars 1999 till mars 2000  BKX gick ner och SPX upp ,varför följde inte SPX bank indexet ,kan man fråga sig ,det var bara en av de gångerna.

# 47

hur tung var finans sektor på SPX då?

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

spx, bkx, xlf

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

SPX vs BKX Longterm

Lite svårt att jämföra för BBKX har en betydögit större volla.

Men än har inget hänt.

BKX kan möjligen ligga i en ED där den bör upp till ATH minst en gång till.  

SPX ligger i en fin kanal men får inte falla så myclet mer nu.

mvh

PS: Du som har AG-Pro kan kostnadsfritt testa min Rysslands-grupp.