I own a little Citigroup Inc. [[C]] for the thrill of it. My motives are impure and I could care less about the company, truly. Some of you actually adhere to the laws and rules of proper asset management. Some of you kind gentlemen do not go “all in” on a singular earnings play, whereby an account could be “lost and tossed” with just one error. For those of you who are professionals and need to allocate capital into financials, consider the following.
Due to the current state of the banks, I propose keeping only 10% of assets in the sector and next to zero in traditional banks. Instead, go with the asset managers. You damn well know, when the markets get good, the money rolls in. That’s why mutual fund company share prices outpace the performance of their underlying funds, by a large degree. The amount of money made by asset managers is absurd. Moreover, said absurdity will only continue to get, well, more absurd, as third world trash heaps look to invest their foreign comic book style currency.
According to the ever changing laws of The PPT, Affiliated Managers Group, Inc. [[AMG]] , BlackRock, Inc. [[BLK]] and SEI Investments Company [[SEIC]] are your top picks. However, with my money, if I wanted some exposure, I’d go long a basket of names that range from conservative/staid to aggressive/retardo. Such names include: Janus Capital Group Inc. [[JNS]] , The Blackstone Group L.P. [[BX]] , Franklin Resources, Inc. [[BEN]] , [[EVR]] , Pzena Investment Management, Inc. [[PZN]] and U.S. Global Investors, Inc. [[GROW]] . Perhaps at a later date, I will explain the pros and cons of each name. But, at the moment, I am busy eating olives and crackers, while cursing at my monitor and wishing death upon my trader/servant.
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Nice POV –
Go whisper in your trader’s ear:
“Now, I want you to take a step back…and literally fuck your own face.”
Nice POV –
Go whisper in your trader’s ear:
“Now, I want you to take a step back…and literally fuck your own face.”
fig
Worth killing for, maybe. Worth dying for, not so much.
no difference
Indeed, Dyin’ ain’t much of a livin’
Buzzards gotta eat, same as worms.
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html
A chronology tracing the life of the Glass-Steagall Act, from its passage in 1933 to its death throes in the 1990s, and how Citigroup’s Sandy Weill dealt the coup de grâce
Easy there S&P guy – you may fall over.
The new Lindsay Italian flavored black olives make for a good snack.
Unless of course you have high blood pressure (like Fly) as the sodium is a bit high.
How is the bp neighbor? Mrs. Fly told Mrs. Steve she is concerned about the stress, throwing things and all.
Nothing like saltine crackers N’ olives washed down with hh coffee.
NVLS reports pretty good.
BRCM not bad.
Have to watch for any selloff on decent numbers as well as conf. call.
Off for the daily walk. As SteveThe Neighbor says “Have to watch the BP”.
As far as Asset Managers — Artio Global (ART)? Spun off a few months ago from Julius Baer
they suck.
CSCO, YUM, and V all killed it.
It’s all jobs, jobs, jobs now – the wait for Friday is on. Lots-o-earnings in the morning.
I love you Mr. Chambers.
I love you too Alvari40.
Mr. Chambers,
Is there anything wrong with that?
The employment report is going to be key on Friday. My studies show that if this is the turning point for jobs then we will have appreciation in the market for the next 2 years. http://bit.ly/aEmcRB