Hola. Missed a bunch of today as I went golfing. Laguna Seca...nice course. Had my best side ever though. Shot a 39 on the front. :) Not too shabby.
Anyway, financials wise, I think there was some news today that should bode well on our financial strategy. Read the market ticker. I dont understand the whole thing completely, but it seems that the SIV derivative vehicle has been "outlawed" by the FASB. If this is true, Denninger is right....it will force up P/E ratios and make financials much less attractive if using that gauge.
Big news...although I am sure that the banks are already working on ways around it.
2 comments:
Hola. Missed a bunch of today as I went golfing. Laguna Seca...nice course. Had my best side ever though. Shot a 39 on the front. :) Not too shabby.
Anyway, financials wise, I think there was some news today that should bode well on our financial strategy. Read the market ticker. I dont understand the whole thing completely, but it seems that the SIV derivative vehicle has been "outlawed" by the FASB. If this is true, Denninger is right....it will force up P/E ratios and make financials much less attractive if using that gauge.
Big news...although I am sure that the banks are already working on ways around it.
Have a good weekend.
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