tag:blogger.com,1999:blog-2335748440449035592.post857886227011317883..comments2008-11-26T18:05:34.469-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-53048591240511348892008-11-26T18:05:00.000-05:002008-11-26T18:05:00.000-05:00TM.. I can see the Chinese garden. I think that's a great way to invest our children's future. After all, you do want the new bosses to feel comfortable when they arrive from Bejing! As to the stadium, all I can say is that the way these stadiums change hands, it would make more sense to just call it 'This Space For Rent Stadium' or 'Your name Goes Here Stadium'. Course, an acronym would be nice. <BR/><BR/>I missed your prior Meredith Whitney quote. Can't say that I really believe a lot of what she hands out, but I think it's pretty obvious that the cash we've given the banks so far is only enough to whet their appetites, or fund a stadium or Chinese garden. <BR/><BR/>As to credibility; I read you blog for the obscure info, the thought process and because it is credible. Do you really think you'd feel better being labeled an analyst, or a talking head? Can you imagine having to smile and say something inane just to fill the spaces between commercials? While you consider that, here's a quote: <BR/><BR/>From MarketFn.com Bill Kraft<BR/><BR/> We hear and see so much in the media devoted to whether the markets have found a bottom and where the bottom might be, but the truth is no one knows. Prediction is little but speculation and has no value. In his excellent recent book, Beat the Market, Charles Kirkpatrick quotes commentator and chief market strategist Barry Ritholtz as saying the SEC should require all analyst and pundit forecasts to publish the following caveat: "The undersigned states that he has no idea what's going to happen in the future, and hereby declares that this prediction is merely a wildly unsupported speculation."<BR/> <BR/>As Mr. Kirkpatrick notes in referring to David Dreman's research which studied 78,695 earnings forecasts by analysts over a 20 year period from 1973 to 1993 only 1 in 170 forecasts were within 5% of any four consecutive quarter's actual earnings. Why do we continue to rely on such speculation?<BR/><BR/>I'm guessing you must have had a good day today.... That's worth something.<BR/><BR/>jeganjeganhttp://www.blogger.com/profile/05850061548373752817noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-51346676901796469072008-11-26T17:51:00.001-05:002008-11-26T17:51:00.001-05:00Citi is building a $25M Japanese garden at their HQ and is spending $20M annual (maybe more? dont know exactly) for naming rights to the new NYC stadium. So it's all a matter of degree<BR/><BR/>Did you catch TraderMark say what Meredith Whitney just said a few days earlier? ;)<BR/><BR/>I'm trying to figure out what it takes to get some credibility around here - last I checked I've called much of this lol.<BR/><BR/>I guess without access to TV or a real firm, one has zilch credibility. ;)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-61999729550015454742008-11-26T17:28:00.000-05:002008-11-26T17:28:00.000-05:00Well.. At least unlike AIG, they didn't send their management to an upscale Spa on the taxpayer's dollar... <BR/><BR/>Did you catch Meredith Whitney today saying that all the banks will be lining up in front of Congress with their hands out again next year because they all still have garbage on their books. <BR/><BR/>jeganjeganhttp://www.blogger.com/profile/05850061548373752817noreply@blogger.com