Posts Tagged ‘stock market commentary’

The Fed Shouldn’t Bail Out Financials

By: ispeculatornew | Date posted: 03.23.2008 (12:59 pm)

The Federal Reserve has pandered to Wall Street demands and drastically cut interest rates this year. The Fed has also used Depression Era rules to lend directly to investment banks. Now there is talk that the Fed may start to buy mortgage backed securities that other banks don’t want to touch. I feel the Fed has already gone too and if the Fed takes this measure it will send a terrible message.

Financial companies got themselves in this mess by extending way too much credit for their own greed. In addition these companies lent out money without much concern for the credit worthiness of the applicant. Now these loans are turning sour as delinquencies and foreclosures are climbing. Instead of letting financial companies pay for their actions, the Fed has been bailing them out with taxpayer money. This is simply unacceptable.

First, the average hard working taxpayer shouldn’t have to pay for the greed and stupidity of financial companies. These companies own actions left them overextended with bad investments and it shouldn’t fall on the regular person to pay for that.

Second, if the Fed bails these companies out what will prevent financial companies from making the same bad decisions in the future? There will be no deterrent. The message that the Fed is sending is that financial companies can profit from excess risk when times are going good and not have to pay the consequences when times go bad. This is an egregious message to send.

Stocks Worthy of More Research

By: ispeculatornew | Date posted: 12.23.2007 (1:57 pm)

Here are a couple of stocks that have been submitted to me that are worthy of more research.

The first is Shengdatech (SDTH). Shengdatech has good fundamentals and the stock price is currently showing some momentum.

The second is Envoy Capital Group (ECGI). Envoy Capital Group has bought back a ton of shares in the last year and the company is trading at a discount to book value.

I am not recommending that you buy shares of these companies. However, they are worth a look.

Disclaimer: I have no position in SDTH or ECGI.

Free Stock Picks

By: ispeculatornew | Date posted: 12.02.2007 (5:12 pm)

If you do a search for free stock picks in Google you will find that most of the top sites listed are not very relevant to those keywords. They just happen to have those keywords or a variation of those words on their pages.

Even though I have a tremendous amount of free stock picks and stock market advice on my website I don’t have a post that specifically mentions those words. This post is meant to fix that.

If you found this website by searching for free stock picks then you have come to the right place. My website is loaded with stock market commentary and stock recommendations.