Citigroup has to stay positive on the housing sector given their mortgage business! What a joke. This is the dot.com IPO story all over again.
The big investment banks are too conflicted to really take seriously in a lot of cases. It's tough to say GDP is going to collapse when you're trying to win underwriting business around the globe.
Ah, Kim. If not for him and his (JP Morgan was on the "bottom is in!" tip last year, too) I never would have had the chance to re-short the homeys from last winter through the early-Feb peak. Mm, tasty. Thanks, guys!
As for the Thayer poem, what can I say. It's the best baseball poem ever. Good for Kim. And here's hoping he can rally the homebuilders again! Then I can short 'em some more.
You either have to be a client of the firm (retail) or do business with the firm institutional (trading). Most of the stuff that comes from the big wire houses is not worth the paper it is printed on. Honestly the best stuff I read each day is right here.
I am a portfolio manager at a billion dollar firm...so I have see it all
Casey will be out of commission until he recovers from a severly torn rotator cuff. He had the misfortune of believing the diagnosis of the team doctor, and now he is stuck with the consequences. The earliest he can be expected to return to the heart of the lineup is 2011.
The earliest he can be expected to return to the heart of the lineup is 2011.
LOL.
I was thinking after reading CRs original entry... well duh, I'm bullish real estate long term too. But what's your idea of 'long term'? And what's your idea of 'recovery'?
If you define long term as 'later this year' then - no I don't think we'll see a 'recovery' long term.
If you define 'long term' as within ten years - then 'yes' I'm bullish too. Very bullish.
And as for recovery... if they define that as a return to bubbliciousness... then we'll have to wait a very long time indeed... until the burned suckers die and a new crop are born & raised.
Surprise to the 'upside'... the street guestimate was >26,000 layoffs. I guess the remaining 9K are to be held in reserve in case they need to 'do something, anything' next quarter.
Is Stephen Kim citigroup. I cant remember if he is their analyst. The worst analyst/shill there is, and there are some real bad ones out there.
Cal, Kim was the author of this note.
Best Wishes.
Citigroup has to stay positive on the housing sector given their mortgage business! What a joke. This is the dot.com IPO story all over again.
The big investment banks are too conflicted to really take seriously in a lot of cases. It's tough to say GDP is going to collapse when you're trying to win underwriting business around the globe.
Ah, Kim. If not for him and his (JP Morgan was on the "bottom is in!" tip last year, too) I never would have had the chance to re-short the homeys from last winter through the early-Feb peak. Mm, tasty. Thanks, guys!
As for the Thayer poem, what can I say. It's the best baseball poem ever. Good for Kim. And here's hoping he can rally the homebuilders again! Then I can short 'em some more.
How does one get all these research notes, is there a service you can subscribe to? Or is it major clients only?
Cal
You either have to be a client of the firm (retail) or do business with the firm institutional (trading). Most of the stuff that comes from the big wire houses is not worth the paper it is printed on. Honestly the best stuff I read each day is right here.
I am a portfolio manager at a billion dollar firm...so I have see it all
Well I just hear that Ivy Zelman has a weekly real estate report i'd just love to get my hands on it and any of her research notes, hers are the best.
Strike three
You're out
Casey will be out of commission until he recovers from a severly torn rotator cuff. He had the misfortune of believing the diagnosis of the team doctor, and now he is stuck with the consequences. The earliest he can be expected to return to the heart of the lineup is 2011.
The earliest he can be expected to return to the heart of the lineup is 2011.
LOL.
I was thinking after reading CRs original entry... well duh, I'm bullish real estate long term too. But what's your idea of 'long term'? And what's your idea of 'recovery'?
If you define long term as 'later this year' then - no I don't think we'll see a 'recovery' long term.
If you define 'long term' as within ten years - then 'yes' I'm bullish too. Very bullish.
And as for recovery... if they define that as a return to bubbliciousness... then we'll have to wait a very long time indeed... until the burned suckers die and a new crop are born & raised.
Citigroup laying off 17,000 today - NYT
Citigroup laying off 17,000 today - NYT
Surprise to the 'upside'... the street guestimate was >26,000 layoffs. I guess the remaining 9K are to be held in reserve in case they need to 'do something, anything' next quarter.
dryfly,
There are 17k layoffs and 9500 jobs moved to lower cost areas. So that is where the 26k whisper number came from.