I don’t typically comment on financials or real estate that much these days but I this weekend I saw an article in the Wall Street Journal and it made me smile.
Fannie Mae (FNM) and Freddie Mac (FRE) have been buying and guaranteeing mortgages in grea…
In looking over tonight’s Swing Trading Signals, one sector seemed to be standing out. There were a bunch of BUY signals for regional banks.Out of 13 BUY signals, there were 6 that were regional banks:City Bank (CTB) The Elmira Savings Bank, FSB (ESBK)…
With 100 billion shares authorized and over 21 billion shares outstanding its a wonder 1 billion+ shares in volume didn’t move the stock today. No worries though only 17+ billion of those 21 billion+ are freely trading. The share count itself makes …
On October 1, 2008, the Securities and Exchange Commission extended its emergency action prohibiting short sales of shares of certain financial companies to the third business day after the enactment of the pending federal legislation to stabilize the …
The ProShares UltraShort Financial ETF (SKF) had a big day today as the market plunged. The ETF didn’t do a bad job of tracking the double inverse of its underlying index, the Dow Jones U.S. Financials Index.It is appropriate to contrast the performanc…
Monday I bought the ProShares Ultra Short Financial ETF (SKF). I have bought and sold this ETF several times in the past year or so.Here are my reasons why I think now is a good time to own SKF:Financial stocks are emerging from earnings season. The so…
In looking at the constituent holdings of the ProShares Ultra Financials ETF (UYG) I noticed that there seemed to be a good number of REITS included.To investigate further, I took the holdings of the ProShares Ultra Real Estate ETF (URE) and did a dire…
I recently visited the OwnershipAnalyzer.com site and did a little poking around to see who might be the largest investors in various ETFs.It is interesting to note that the largest institutional holder in the ProShares Ultra-Short Financials (SKF) is …
Everyone knows the current environment has been hard on financials, especially those that have any involvement in residential mortgages.There are a few firms that are managing to use certain company-specific advantages to hold their own and even prospe…
Bear Stearns (BSC) needed a bailout and the Fed accommodated. A big-name financial company was so wounded that JPMorgan Chase (JPM) and the New York Fed had to arrange to provide funding. At first, I thought this is really bad. And it certainly is. By …