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Do Rising Home Prices Signal A Bank Stock Rally?


Excellent chart and discussion.

Scarlet Fu on the correlation between Case Shiller Housing Index and the KBW Bank Index.

I never talk about investing on the site but Bank of America is a $30 stock within three years. It trades at $12+ now but could easily be bought around $10.75 in a market pullback. Their liability for mortgage fraud is finally quantified and manageable. They are a force in the origination market, the only upside to the destructive purchase of Countrywide. I picked up a chunk at $6 last year. I gave up fighting the Fed awhile ago. I still consider BofA to be a semi-fraudulent, mostly grotesque company.

This does not constitute investment advice. You would be a fool to follow my trades. You might get rich or you might go broke.



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Reader Comments (14)

She's a good follow on Twitter

May 3, 2013 at 5:40 AM | Registered CommenterDailyBail
Scarlet Fu graduated Phi Beta Kappa from Cornell University with a bachelor's degree in history and concentration in Asian American Studies. She has also studied Mandarin at Peking and National Taiwan Normal Universities.

May 3, 2013 at 5:40 AM | Registered CommenterDailyBail
Scarlet's 6 year-old son gave his grandmother a markets roundup based on the fact that "Greece has no money."

May 3, 2013 at 5:42 AM | Registered CommenterDailyBail
DB. Why would anyone invest in anything these days. The banks are run by criminals and there has been absolutely no stone left unturned in their unbridled zeal to fuck anything with four legs or less moving or not? Interest rate manipulation, monetizing debt, manipulating the gold and silver markets, fucking third world countries up the corn hole with debt that can never repay, I mean Jesus Christ almighty. The best place to put your money is in your pillow case. You could use your money as a fire starter to help keep you warm, or perhaps as toilet paper in case you get hard up as long as you felt comfortable in not getting some form of hepatitis from a drug deal gone bad and perhaps someones DNA on the money. And yet no one gets to visit the nice jail house. Not that that would mean anything, especially here in Maryland, where one inmate got three prison guards pregnant and basically ran the jail house as a drug supply house. http://abcnews.go.com/US/gang-leader-impregnates-maryland-female-prison-guards/story?id=19033048
May 3, 2013 at 7:32 AM | Unregistered CommenterSKINFLINT
I'm a trader.

It's my job.

I've been investing in gold since I was 10, options since I was 12 and stocks since I was 15. My uncle taught me and he liked options so therefore I traded options. Always safe in the money spreads. And I've been in the equity markets almost every day for 30 years running now. I don't trade options as much. I take that back. I sell options, both puts and calls, but I don't buy any more, for the most part.
May 3, 2013 at 7:39 AM | Registered CommenterDailyBail
The website is just my 14-hour per day hobby.

May 3, 2013 at 7:47 AM | Registered CommenterDailyBail
I am of the opinion with Barnhardt that if you don't have it it aint yours. Your still comfortable with all that after 2008? I mean I have been coming here for the last couple of years and all I am reading is total misery from every facet of any kind of financial sector where the only winners are the top 1 per cent. Aren't you worried that you can lose everything with a back door button on some computer somewhere that will wipe you out with no remorse ala MF. With no ability to be reunited with your money? Good God man.
May 3, 2013 at 7:47 AM | Unregistered CommenterSKINFLINT
I caught gold fever in 1976 when I was 10 and used every dollar I had saved from birthdays, xmas and bought several Credit Suisse 1 gram ingots. Only physical baby! I still have every single one of them, I think about 20 total, all in their original packaging with purchase receipts. During middle school a few years later when gold was going NUTS, I used to to get out of class to go to the pay phone 4 or 5 times per day to call the broker in Chicago to check on the price. That was 7th grade. I was completely addicted and knew then that I would be a trader for the rest of my life.
May 3, 2013 at 7:54 AM | Registered CommenterDailyBail

It's not like that at all. MF Global is the first time something like that has happened in HISTORY. And I certainly wouldn't keep any accounts with a shitty little investment bank like that, that traded with an active Prop Desk. They were a bomb waiting to explode, just like Bear Stearns and Lehman. The crisis is over. The Fed has been handing out free money to the markets for 3 years. It's been the easiest bull market of my life. When the Dow fell below 8,000 I bought with everything I had. You have to be a contrarian be successful. Here's another piece for you. The DOW is going to 20,000 over the next 3-4 years. Book it.

While many have been afraid since 2008, they could have bought Apple for $80 per share and ridden it over $500 the last 4 years. Ann Barnhardt is kooky as well. She has an agenda that she's pushing. And sites like Zero Hedge cater to a gold, survivalist, doomsday crowd. So Dan (the head Tyler) publishes a lot of doom shit to make his readers happy. You have to understand that people like that have always been around. Don't get me wrong, this will end badly, for the U.S. when interest on the debt gets out of control but that is at least 5 years away, maybe longer if they cut entitlement spending. And if they do actually fix the deficit problem for ood in the next five years, I would turn super-bullish on the U.S.

Use Schwab and Fidelity. Your money is safe there. They do not invest for their own account. They are simply brokers and they are the 2 best and safest in the world. I have aggressive stock mutual funds for my nephews at both Schwab, Fidelity. They have been doing great for 4 years. And there are big returns that will be made over the next 5 years as well.


I would never bet against a Central Bank that has the world's reserve currency. If they want stocks to go higher, then stocks will go higher. You might as well go along for the ride.
May 3, 2013 at 8:01 AM | Registered CommenterDailyBail
I guess. You have been reading the markets for 30 years and so you have the skilll sets be able to see trouble ahead or at least have a pulse on what is going on with each day. My skill sets are different and I came here to get some kind of understanding of the banking crisis. I heard Schwab was one of only a couple that did not take it on the chin in 08. Maybe I will contemplate . With Fitts describing the trap doors in the computer networks just kind of makes it an uncomfortable thought to not have your money somewhere close by is all I'm saying, and with the advent of having some person in Cali lifting my money, just kind of chaps my ass, especially when you know that they have a picture of that pos stealing my money and they let him get away with it. Nice job if you can get it.
May 3, 2013 at 8:35 AM | Unregistered CommenterSKINFLINT
Just a little reminder regarding the Housing Disaster!

May 3, 2013 at 1:27 PM | Unregistered CommenterBackgammon
Adam is not as sophisticated as your usual reporter. However, he is the only video on the repeal of the Stock Act. Repealed, quietly, on the day of the Boston Bombing. No other major media covered this story!


That anyone could vote against such a bill, especially after an explosive “60 Minutes” piece a few months before exposing insider trading on the Hill, is crazy. But that is not where the STOCK Act saga ends.

A couple of weeks ago, on April 15th, Senator Harry Reid introduced S.716, which removed the online disclosure portion of the STOCK Act. What that means is that Congress is more protected and less transparent, and if you want information about what Members of Congress are doing with regard to stock transactions, it is going to be a huge pain in your rear end to get it.

Congressional aides and executive branch staffers are exempt altogether from the online database, and the President, Vice President and Members of Congress do not have to provide sortable or searchable information.

That vote, it turns out, was unanimous. S.716 was debated for a full 10 seconds in the Senate, and 14 seconds in the House, before it passed with flying colors by a Congress who is doing everything in its power to protect itself.


While I was wandering in U Tubes, here is a reminder about Glass Steagall Act. Was this for the Security of the Country also?

May 3, 2013 at 2:44 PM | Unregistered CommenterBackgammon
May 3, 2013 at 3:05 PM | Registered CommenterDailyBail
Thanks for the link. I missed that one.

F**KERS Act For Sure!
May 3, 2013 at 8:42 PM | Unregistered CommenterBackgammon

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