buddy OKIE doesn't understand the Treasury, interest rate policy and effect on banking ie NYCB. As a result he invokes a third grade mentality and makes an incoherent joke.
You're perfectly free to have whatever political opinions you care for, no matter how stupid yours are, but you can't argue with the facts... and the fact is, historically the stock market does much, much, much better under Democratic administrations and Congresses than under Republican ones.
Now, whether that's a good thing or a bad thing can be debated. However, to think that there's some increased likelihood of good returns here in association with increased power for the Republicans seems to be contraindicated.
If the new Congress increases the asset limit as to what a SIFI bank is (at least 100 billion) look for NYB to acquire low cost deposit rich banks to increase net margin. With at least another 50 billion to play with the stock should head back into the 20's with the kicker of a possible dividend increase. Now wouldn't that be great!
I think you mentioned this on thor board. I own a little of this in the low 20s but I sucked it up and bought much in single digits and low teens. Thanks! Istill own some thor but I think I'm done with that.
If the SIFI threshold is increased to 100 billion and NYB takes over cheap deposit rich banks they can even initiate a stock buyback along with a modest increase to their dividend. As Mel Allen used to say "how about that."
It looks like the flattening of the Yield Curve has driven the share price of NYCB back above $16 again. We are now at 16.06 per share. If you recall, I warned you all about this: that the Flattening of the Yield Curve would drive the share price of this financial stock Higher. Good Luck to All!
boogly - take a look at what Elizabeth Warren would like to do to the banks. Take a look a the fines put on the banks every day. Some of them done in spite of the fact that during the crisis they stepped up to help save our financial system - and now they are crucified. Obviously it is you that is not the brioghtest light bulb around - in that I was not even discussing under what administration the market does better - but talking purely about the banks and knowing what the Dems have handcuffed the banks over the last 6 years. Go check why they are making it so hard to get a mortgage. Latest is the banks are forced into buying larger amounts of treasuries under the lastest rules. If they buy treasuries they can't lend!
The post in question refers to his "trading recommendations:
'Mad Money' Lightning Round: I'm Taking a Pass on New York Community Bancorp
BY Scott Rutt Follow |
10/02/14 - 06:00 AM EDT |
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say about some of the stocks callers offered up during the Mad Money Lightning Round Wednesday evening:
Manitowoc (MTW) : "This group is headed down but I believe in the long term. They're a good company."
New York Community Bancorp (NYCB) : "Yield protection is not enough in this market, so I'm taking a pass."
Those were good times back then, not knowing which bank you could buy cheap and which were going under. Many bought WAMU thinking they were getting in cheap on one that would survive, then regulators pulled the plug. Wachovia was another, wild price swings, before being forced into a low price acquisition.