Posted by
Gianluca Carrera on May 4th, 2009
Stocks have been shooting up for 8 weeks in a row so far, and quite a lot. I am asking myself if I am one of the few dulls that staid on the sidelines looking at the beginning of a secular bull market, missing out on bargain prices that we won’t see for decades, or maybe never again. Have I been too risk-adverse? Have I missed something that was so crystal clear to the many smart enough to be long all the way...
Posted by
Gianluca Carrera on Oct 10th, 2008
839.80
S&P touched 839 today, time to cash in the second pizza. Time to go long the market? I doubt… It’s better and safer to let the dust clear, even if this means potentially missing a 20% or plus upside. The situation is so dire, that you don’t really know what’s next. Also, from an economic standpoint, the worst is still to come. We might see lower levels in the months to come. 750...
Posted by
Gianluca Carrera on Oct 8th, 2008
Just a quick update on the bet I made with a friend of mine I hinted to a few blogs ago. I was giving the S&P 12 months to touch 1,000 (at the time I made the bet, the S&P was trading around 1,300), and it just touched it yesterday, closing at 996. I’ll collect my pizza when my friend comes back from the red sea. He works in finance, but every time there is something interesting going on, he is missing...
Posted by
Gianluca Carrera on Sep 23rd, 2008
CNBC has made an interesting analysis on the US government bailout of the financial crisis.
It’s not just 700bn$, more like 1.8trn$. Quick laundry list:
700bn$ recently announced plan to buy assets from bank
150bn$ MBS purchase by Fannie and Freddie
85bn$ for AIG
90bn$ in repayment to JPM for Lehman
200bn$ for Freddie and Fannie
300bn$ for FHA
200bn$ of currently outstanding loans Fed’s issued to...