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bearish
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Latest Headlines
Criticism of Goldman Sachs criticism
Well, the commentary in the New York Times by Ben Stein about Goldman's bearish housing research and its short bets has prompted a whole lot of criticism. My view is that no piece of analytical work from a Wall Street firm--even independent research firms--is pure. Same goes for journalis
ALSO NOTED: Hedge fund returns hit seven-year low; More analysts bearish on E*Trade; and much more...
Company News: > Deutsche Bank builds property division in U.S. Article > More analysts bearish on E*Trade. Article Industry News: > Hedge fund returns hit seven-year low. Article > U.K. banks facing a perfect storm? Article > New York public fu
Criticism of Goldman Sachs
We don't often hear a lot of criticism about Goldman Sachs, which makes the commentary by New York Times columnist Ben Stein all the more interesting. He starts by taking issue with a paper by a Goldman Sach economist that was extremely bearish on the housing sector, predicting sorry effect o
Santa Monica hedge fund wins big
We've noted that some hedge funds have fared very well by betting against asset-backed securities. None more so that Lahde Capital, founded in Santa Monica last year by Andrew Lahde. The Financial Times notes he has pulled off a rare coup: he has generated a single-year return so far of more
How rating cuts affect big bank capital positions
Meredith Whitney, analyst at CIBC, is not backing off from her bearish stance on Citigroup. In fact, her bearishness now extends to other big banks, notably Wachovia. Her main concern is capital, and whether banks have enough. The Financial Times' Alphaville does us all a favor by explain
Analyst gets death threats over Citigroup note
How nasty is the credit crunch getting? Just ask Meredith Whitney, the erstwhile CIBC analyst, whose bearish note on Citigroup prompted a bloodbath in the stock and in the larger market. She basically said Citigroup might have to cut its dividend or sell assets in the face of a $30 billion capita
Sellside analysts redux?
There was a day a few years ago when sell-side analysts had lost their cachet. The notion was that they were mere tools of the banks. But after a few years and a vaunted reform effort, it's clear that sell-side analysts are back--to some degree anyway. They are no longer stars, and buy-side analy
Analyst makes bold call on Merrill Lynch losses
It's no secret that Merrill Lynch will take some big losses for the third quarter. The issue is how much. Analysts at the top banks, the likes of Goldman Sachs and Morgan Stanley, believe that the losses, related mainly to credit-oriented trading, will be in the $1.5 billion range. Along comes CI
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Gloom-and-doom crew vindicated on Wall Street?
You know the old cliché about how rumors have a way of being true--eventually? Well, the corollary on Wall Street is that all perpetual bears will eventually have their day in the sun, if only temporarily. Business Week Online notes that the likes of Stephen Roach, former chief economist of M
