Wednesday, March 27, 2013

Short the banks

Large banks hide a lot of stuff under their "level 3 assets". In this example, the bank supposedly have $109.2 billion of Level 3 assets. This value is "marked-to-belief" rather than marked-to-market. I will short this bank soon. Its stock price has returned to the 2007/2008 level.

3 comments:

  1. It's JP Morgan. The banks do not include these level 3 assets numbers in their annual reports to investors. One can only find these numbers through the SEC.

    ReplyDelete
  2. Great article with excellent idea!Thank you for such a valuable article. I really appreciate for this great information.. 넷마블m상

    ReplyDelete

 
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