Posts Tagged ‘WFC’

• Financials Hit A Brick Wall
  Posted by Leigh Drogen on October 14th, 2010 at 11:49 am, Comments: 0

  The financial sector hit a brick wall once again today as the $XLF ran straight into that 15$ level that has been iron clad for more than 5 months. $JPM earnings yesterday morning left much to be desired.  Their investment banking unit is having issues and the flow on their trading desks has been very [...]

• Thanks, But the Fun is Over
  Posted by Leigh Drogen on February 2nd, 2010 at 6:11 pm, Comments: 0

  I’ll get to the market a little later, today’s action was interesting for sure, but I want to talk about what happened on the hill today.  Mr. Volker sat for the Senate finance committee today and took questions regarding separating commercial banking operations from proprietary trading.  He seems to believe that these two things should not [...]

• A Technical Cross Roads
  Posted by Leigh Drogen on December 15th, 2009 at 10:19 pm, Comments: 0

  I find it interesting how technical patterns often come to a point of resolution as major fundamental news is released.  This is true for assets across the board.  Tomorrow’s FOMC announcement once again comes as we are at a cross roads in several different assets.  Tomorrow’s announcement will kick off the next leg in several markets, [...]

• Bernanke and Geithner Win (for now)
  Posted by Leigh Drogen on December 3rd, 2009 at 12:03 am, Comments: 0

  Allow me to set the stage: Last winter as the world was falling apart Bernanke and Geither had three options: Nationalize the largest banks which represented systemic risk ($C, $BAC, $WFC), sell off their assets piece by piece, and put the full weight of the United States balance sheet behind the financial system in a transparent way. [...]