Who’s Holding the MS/GS Bag?

Well, even if they are not going out of business, their share prices suck rocks.

With that being said, here is a list of the [[MS]]/Goldman Sachs Group, Inc. [[GS]] bag holders aka largest holders of equity.

Largest publicly traded Morgan Stanley Shareholders

State Street Corporation [[STT]] : 181 million shares

AXA (ADR) [[AXA]] : 66.7 million shares

Barclays PLC (ADR) [[BCS]] : 49 million shares

UBS AG (USA) [[UBS]] : 33 million shares

T. Rowe Price Group, Inc. [[TROW]] : 21.6 million shares

JPMorgan Chase & Co. [[JPM]] : 17.6 million shares

The Bank of New York Mellon Corporation [[BK]] : 14.6 million shares

Credit Suisse Group AG (ADR) [[CS]] : 14.2 million shares

Northern Trust Corporation [[NTRS]] : 12.7 million shares

Goldman Sachs Group, Inc. [[GS]] : 12.1 million shares

Pzena Investment Management, Inc. [[PZN]] : 7.8 million shares

Largest publicly traded Goldman Sachs Shareholders

Barclays PLC (ADR) [[BCS]] : 17.1 million shares

State Street Corporation [[STT]] : 13.8 million shares

AXA (ADR) [[AXA]] : 10.1 million shares

Janus Capital Group Inc. [[JNS]] : 7.2 million shares

T. Rowe Price Group, Inc. [[TROW]] : 6.7 million shares

Northern Trust Corporation [[NTRS]] : 6.2 million shares

The Bank of New York Mellon Corporation [[BK]] 6.1 million shares

JPMorgan Chase & Co. [[JPM]] : 5.2 million shares

Oppenheimer Holdings Inc. (USA) [[OPY]] : 3.7 million shares

Wells Fargo & Company [[WFC]] : 3.3 million shares

I bought 5,000 [[SRS]] @ $93.99.

Disclaimer: If you buy SRS because of this post, your only son will take a job at CNBC. And, you may lose money.

Do not be fooled. The market will not rally with Morgan Stanley [[MS]] and Goldman Sachs Group, Inc. [[GS]] in the shit box. As long as people have doubts about them, the market will drill itself lower—putting holes in asshole dip buyers in its path.

Again, I made a mistake selling out of my energy stocks yesterday. However, if it makes some of you feel better, I did load up on Freeport-McMoRan Copper & Gold Inc. [[FCX]] , which should charge higher soon.

At the present, my total energy exposure consists of National-Oilwell Varco, Inc. [[NOV]] , Western Refining, Inc. [[WNR]] and Clean Energy Fuels Corp. [[CLNE]] .

On the long side, I like the action in ag stocks. Lindsay Corporation [[LNN]] , Valmont Industries, Inc. [[VMI]] and Potash Corp./Saskatchewan (USA) [[POT]] look less than gay.

Finally, I sold out of all of my [[FXP]] today, due to China Mobile Ltd. (ADR) [[CHL]] fuckery. And, I am really digging the move in Hansen Natural Corporation [[HANS]] today, despite not owning a single share. I just like their products.

NOTE: Bill Miller still sucks.

NOTE II: [[SKF]] and [[SRS]] still look pretty neat.

NOTE III: The death drop by State Street Corporation [[STT]] will sound some alarms. Elevator down.

Holy cowballs! The NY Times will likely be sued for this article. Apparently, it’s game time for [[MS]].

“We need a merger partner or we’re not going to make it,” Mr. Mack told Mr. Pandit, according to two people briefed on the talks. Mr. Pandit, a former senior investment banker at Morgan Stanley, said Citigroup was not interested.

As you know, the Godly folks from iBankcoin are launching their first ever premium service on the 79th anniversary of the great crash of ’29 (10/28). Don’t worry assholes; the site will not change one bit. I am into throwing parties, then throwing people out after they had a few drinks, as an aside.

At any rate, considering how “in flux” the financials are, I thought it would be nice to run a screen of highest debt to equity ratios—in order to get an idea who could get blown out next, as capital dries up. Also, I ran debt to equity screens on the entire market. And, finally, I screened for gold/mining stocks with the highest percentage of shares sold short. In light of today’s breakout in gold, I though it would be helpful.

For you retards who are new to investing: companies with high debt to equity ratios, in a tight credit environment, are more likely to go bankrupt than companies who actually have good balance sheets. Shocker. And, stocks with a high percentage of shares sold short tend to rally hard, into a squeeze.

Financials/ Debt:Equity

Freddie Mac (FRE: 0.27 +4.01%) 64.55
Newcastle Investment Corp. (NCT: 4.36 -12.63%) 55.33
Nelnet, Inc. (NNI: 12.86 -15.84%) 47.14
Maguire Properties, Inc. (MPG: 7.11 -12.22%) 26.74
Federal Agricultural Mortgage Corp. (AGM: 10.54 -3.66%) 23.87
Equity Lifestyle Properties, Inc. (ELS: 48.22 -3.64%) 19.55
Fannie Mae (FNM: 0.43 -10.60%) 19.39
(STU: 98.80 -6.44%) 14.03
Bank of Ireland (ADR) (IRE: 22.06 -18.36%) 12.93
Redwood Trust, Inc. (RWT: 20.51 -4.25%) 12.89
General Growth Properties, Inc (GGP: 20.37 -13.91%) 12.29
CIT Group Inc. (CIT: 7.15 -14.88%) 11.55
Penson Worldwide, Inc. (PNSN: 13.22 -7.49%) 10.32
Glimcher Realty Trust (GRT: 9.71 -6.81%) 9.54
Merrill Lynch & Co., Inc. (MER: 19.36 -12.71%) 8.48
Interactive Brokers Group, Inc. (IBKR: 19.32 -15.23%) 7.74
AmeriCredit Corp. (ACF: 9.76 -5.79%) 7.54
Allied Irish Banks, plc. (ADR) (AIB: 16.40 -20.12%) 7.47
Flagstar Bancorp, Inc. (FBC: 3.87 -1.78%) 7.46
MBIA Inc. (MBI: 9.71 -16.00%) 7.33
(ESBF: 10.27 -0.68%) 7.28
Deutsche Bank AG (USA) (DB: 70.40 -7.53%) 7.09
CBL & Associates Properties, Inc. (CBL: 21.05 -4.41%) 6.93
Resource Capital Corp. (RSO: 4.84 -15.83%) 6.89
Morgan Stanley (MS: 21.75 -24.22%) 6.8
(ALX: 369.10 -4.76%) 6.1
American Express Company (AXP: 33.04 -8.40%) 6.08
(IFC: 4.17 -1.18%) 5.99
Hudson City Bancorp, Inc. (HCBK: 18.63 -3.12%) 5.83
Goldman Sachs Group, Inc. (GS: 114.50 -13.92%) 5.65

All Industries/ Debt:Equity

Energy Transfer Equity, L.P. (ETE: 21.00 -4.59%) 592.18
Tenet Healthcare Corporation (THC: 5.84 -1.85%) 164.72
RSC Holdings Inc. (RRR: 9.05 -2.37%) 149.78
Embarq Corporation (EQ: 40.98 -4.43%) 67.08
Freddie Mac (FRE: 0.27 +4.01%) 64.55
Newcastle Investment Corp. (NCT: 4.36 -12.63%) 55.33
Nelnet, Inc. (NNI: 12.86 -15.84%) 47.14
(HTC: 20.25 -2.55%) 47.04
Alliance Imaging, Inc. (AIQ: 10.35 -6.50%) 40.81
Portugal Telecom, SGPS (ADR) (PT: 9.91 -3.03%) 35.23
(AHD: 25.48 -5.00%) 35.22
(HPGP: 20.18 +6.55%) 35
Qwest Communications International Inc. (Q: 3.35 -3.74%) 28.27
Maguire Properties, Inc. (MPG: 7.11 -12.22%) 26.74
Koppers Holdings Inc. (KOP: 40.36 -9.30%) 24.72
Federal Agricultural Mortgage Corp. (AGM: 10.54 -3.66%) 23.87
Town Sports International Holdings, Inc. (CLUB: 7.50 -14.38%) 22.36
Equity Lifestyle Properties, Inc. (ELS: 48.22 -3.64%) 19.55
(NRGP: 29.60 -0.57%) 19.53
Fannie Mae (FNM: 0.43 -10.60%) 19.39
InterContinental Hotels Group PLC (ADR) (IHG: 12.50 -4.65%) 19.13
SBA Communications Corporation (SBAC: 26.88 -6.50%) 18.88
Crown Holdings, Inc. (CCK: 21.80 -6.28%) 18.71
PDL BioPharma Inc. (PDLI: 9.82 -5.12%) 18.56
Exelixis, Inc. (EXEL: 6.20 -7.88%) 18.33
Compass Minerals International, Inc. (CMP: 55.01 -5.82%) 18.18
Herman Miller, Inc. (MLHR: 26.87 -2.75%) 16.35
Health Management Associates, Inc. (HMA: 4.38 -7.98%) 15.01
(HEP: 28.90 -10.25%) 14.96
Magellan Midstream Holdings, L.P. (MGG: 16.78 -6.26%) 14.42
(STU: 98.80 -6.44%) 14.03
NaviSite, Inc. (NAVI: 2.0175 -3.47%) 13.88
Cenveo, Inc. (CVO: 7.73 -7.09%) 13.16
Bank of Ireland (ADR) (IRE: 22.06 -18.36%) 12.93
Redwood Trust, Inc. (RWT: 20.51 -4.25%) 12.89
(CEA: 16.57 -13.79%) 12.42
Deluxe Corporation (DLX: 13.55 -6.10%) 12.29
General Growth Properties, Inc (GGP: 20.37 -13.91%) 12.29
CIT Group Inc. (CIT: 7.15 -14.88%) 11.55
CBRL Group, Inc. (CBRL: 28.12 -2.77%) 11.07
Alaska Communications Systems Group, Inc (ALSK: 11.47 +0.35%) 10.69
Cellcom Israel Ltd. (CEL: 30.24 -2.77%) 10.39
Penson Worldwide, Inc. (PNSN: 13.22 -7.49%) 10.32
(GGC: 3.16 -12.22%) 10.09
Fairpoint Communications, Inc. (FRP: 7.92 -3.41%) 9.69
Glimcher Realty Trust (GRT: 9.71 -6.81%) 9.54
Overstock.com, Inc. (OSTK: 17.14 -7.20%) 9.5
RCN Corporation (RCNI: 11.38 -5.87%) 9.15
Cedar Fair, L.P. (FUN: 22.10 -3.07%) 8.62
(DTG: 4.10 -16.33%) 8.52

Mining Stocks/ % of shares sold short

Hecla Mining Company (HL: 4.98 +9.93%) 24.5
Insteel Industries, Inc. (IIIN: 14.42 -3.55%) 22.2
Apex Silver Mines Limited (SIL: 1.19 -0.83%) 20.1
Metalico, Inc. (MEA: 5.00 -14.09%) 17.5
China Precision Steel, Inc. (CPSL: 4.40 -7.37%) 16.5
Worthington Industries, Inc. (WOR: 15.73 -9.34%) 15.8
Olympic Steel, Inc. (ZEUS: 32.01 -5.32%) 15.3
(CDE: 1.63 +13.19%) 14
(GSI: 7.34 -1.74%) 13.9
Northwest Pipe Company (NWPX: 59.60 -1.91%) 13.8
Century Aluminum Company (CENX: 37.79 -2.80%) 13.7
Gibraltar Industries, Inc. (ROCK: 21.07 -2.18%) 12.6
Haynes International, Inc. (HAYN: 53.34 -2.79%) 12.5
Schnitzer Steel Industries, Inc. (SCHN: 50.84 -8.25%) 11
AK Steel Holding Corporation (AKS: 26.94 -12.98%) 10.6
Royal Gold, Inc. (RGLD: 36.74 +10.00%) 10.2
Freeport-McMoRan Copper & Gold Inc. (FCX: 65.41 -1.27%) 10.2
Kaiser Aluminum Corp. (KALU: 47.89 -5.41%) 9.3
Quanex Building Products Corporation (NX: 16.05 -6.41%) 9.2
Universal Stainless & Alloy Products (USAP: 30.86 -2.00%) 8.3
Olin Corporation (OLN: 19.94 -8.15%) 7.2
Cleveland-Cliffs Inc (CLF: 64.75 -14.04%) 6.2
Sutor Technology Group Ltd. (SUTR: 4.28 -5.52%) 6.1
Allied Nevada Gold Corp. (ANV: 4.83 +11.29%) 5.7
Newmont Mining Corporation (NEM: 43.25 +9.36%) 3.5
Steel Dynamics, Inc. (STLD: 20.25 -7.58%) 3.5
Commercial Metals Company (CMC: 19.74 -7.93%) 3.3
Golden Star Resources Ltd. (USA) (GSS: 1.64 +38.98%) 3.1

[youtube:http://www.youtube.com/watch?v=M89c3hWx3RQ&feature=related 450 300]

If you are wondering why the market is down so much, look no further than American International Group, Inc. [[AIG]] . American capitalism, best known for its entrepreneurial spirit and industrious work ethic is dead, thanks to assholes in florescent green jump suits, who underwrote cdo’s and other egregious investment vehicles. Hence, U.S. equities no longer deserve premium multiples. Instead, they are being priced for death, rightly so.

Karl Marx predicted this would happen to the most overzealous capitalists, where greed and lack of proper oversight can lead to anarchy and extreme socialism. In one year, wall street has morphed itself from high powered brokers, doing deals, into fucktarded asshats with a box full of their belongings—because they’re out of a job.

While it’s true, there will be signs of light and glimpses of hope, things will never be the same. The gilded era of decadence for asshole ibankers is over, while the age of “The Fly” has only just begun.

I understand the market looks extremely oversold here. After all, the vix is at historical levels. But, understand the gravity of the situation and come to grips with the fact that silly homos in florescent green jump suits are about to get stomped the fuck out, yet again.

Top pick: short Legg Mason, Inc. [[LM]]

NOTE: I was up 14.5% today.

UPDATE: Bank Stocks in the danger zone include:

Allied Irish Banks, plc. (ADR) [[AIB]] , Morgan Stanley [[MS]] , Goldman Sachs Group, Inc. [[GS]] , UBS AG (USA) [[UBS]] , Banco Macro SA (ADR) [[BMA]] , Nomura Holdings, Inc. (ADR) [[NMR]] , Sovereign Bancorp, Inc. [[SOV]] , Wachovia Corporation [[WB]] , Och-Ziff Capital Management Group LLC [[OZM]] , [[LM]], Interactive Brokers Group, Inc. [[IBKR]] , Affiliated Managers Group, Inc. [[AMG]] , AllianceBernstein Holding LP [[AB]] , American Express Company [[AXP]] , Pzena Investment Management, Inc. [[PZN]] , [[DSL]] and Washington Mutual, Inc. [[WM]] [youtube:http://www.youtube.com/watch?v=kqtAzRNhTTY 450 300]

UPDATE: Via former Fed Governor, Wayne Angel, who is also an idiot, “The Fed’s balance sheet is infinite.” Wonderful. In other words, these assholes are just printing money at will. Our leaders are complete imbeciles. Shocker to see gold up nearly $100, no?

Do these people ever stop suckering the retail investor into stocks? I mean, all these assholes do is highlight the silver lining, which would be fine if it was a fucking baseball or soccer game. But, this is real life, assholes.

The fact of the matter is, things are NOT okay. It is irresponsible for these idiots to incessantly tout stocks, while the market does nothing but go lower.

I am sure, with the cast of morons featured on CNBC, they have cost the average or not so average investor billions of dollars in capital losses. If they would only set aside their fucking agendas and explain the risks and dangers of investing into the worst economy since the Great Depression, maybe people wouldn’t want to throw turkey sandwiches at them, while smoking aged Cuban cigars—banking egregious amounts of coin short what they recommend to buy.

NOTE: I made a mistake selling [[DIG]] and [[IEO]] this morning. However, with the proceeds, I did execute some good trades in Freeport-McMoRan Copper & Gold Inc. [[FCX]] , [[SKF]] and [[SRS]] .

I bought 3,000 Freeport-McMoRan Copper & Gold Inc. [[FCX]] @ $65.22.

Disclaimer: If you buy FCX because of this post, all of America’s broker dealers will go out of business. And, you may lose money.

I have sirens and red flashing lights going on in my office today, like some sort of nuclear submarine battle station.

Listen up and good: credit default swaps are scaring the shit out of everyone. Whether it should happen or not, people really do think the market will crash. From General Electric Company [[GE]] to Goldman Sachs Group, Inc. [[GS]] to Morgan Stanley [[MS]] , the market is thinking about putting them out of business. Without question, this is the most interesting market I have ever traded in.

Anyway, I sold all of my [[DIG]] and [[IEO]] , exercising some overdue discipline. I know I had a fucking thesis, as to why I was right going long oil: but I changed my mind.

In my opinion, there is no longer a reason to keep hedges or any long positions for that matter, with exception to being long 200% inverse etf’s.

With much of the proceeds, I loaded up on [[SRS]] , as previously outlined.

So, at the present, my position sheet looks something like this:

[[SKF]]

[[SRS]]

[[REW]]

[[SSG]]

[[TWM]]

[[FXP]]

[[EEV]]

Short Fifth Third Bancorp [[FITB]]

Short Marshall & Ilsley Corporation Marshall & Ilsley Corporation [[Mi]]

Short Vulcan Materials Company [[VMC]]

Short Legg Mason, Inc. [[LM]]

Short Pzena Investment Management, Inc. [[PZN]]

Short PacWest Bancorp [[PACW]]

Short [[FED]]

Short East West Bancorp, Inc. [[EWBC]]

Short AXA (ADR) [[AXA]]

Short Janus Capital Group Inc. [[JNS]]

Short Goldman Sachs Group, Inc. [[GS]]

Short General Electric Company [[GE]]

long Western Refining, Inc. [[WNR]]

long National-Oilwell Varco, Inc. [[NOV]]

long Freeport-McMoRan Copper & Gold Inc. Freeport-McMoRan Copper & Gold Inc. [[FCX]]

long Clean Energy Fuels Corp. [[CLNE]]

long other bullshit names that are losing me money today.

All in all, I am up a staggering 10.5% as I write this.

Hence the phrase: “it was the best of times, it was the worst of times.” applies.

Flashback UPDATE: Ron Paul