The Quanta list was four for four yesterday with the FDIC–getting numbers 18, 35, 40, 155 on the list. So here is what my hit list looks like now since putting it up in December.
1, 2, 3, 5, 6, 9, 10, 11, 12, 14, 17, “18”, 20, 27, 28, 31, “35”, “40”, 51, 67, “155”, 247. Again out of more than 7,600 banks.
I do understand that it is easier to identify the “bad” guys than it is the “good” guys; however, i am making progress along the “good” guy lines, too.
Oh well, it looks like a busy week ahead. I have figured out my approach to analyzing Quanta Analytics List of 100 StockExchange Banks, and feel really pretty good about it. I have figured out a way to evaluate every bank against a set of “normalized” industry statistics so that i can look at everyone of them on the same “par level”. I’ve collected the data on about two-thirds of my banks, run some early tests, and the outcomes are positive. It will take me about a day to get the rest of the data that i intend to use, then all it will come down to then is to run my analysis and rank the banks accordingly.
It’s kind of funny because i just received The Street’s list of the top ten “big banks with greater than $1 billion market value” that they think people should invest in–and here it is, in order from ten on down to the best.
MBFI, USB, HBAN, FITB, PNC, STSA, C, WFC, JPM, and BAC. Just in case you don’t know your stock symbols, the last four are of course: Citigroup, Wells Fargo, JP Morgan, and Bank of America.
I have a feeling my list of ten might look a little different, but probably for different reasons.
Then also this next week, i am expecting to see the President’s 2012 budget numbers. I am all set to see how the President’s 2012 budget numbers compare to his 2011 budget numbers, so i can see “What a Difference a Year Makes”. I not only intend to compare the 2012 numbers of this years versus last years, but also this years 2011’s, and 2010’s against last years 2011’s and 2010’s. Those are the three key years. 2010 will show how the actual did against last years projected. 2011 will show how the current budget turned out against the 2011 President’s. And of course, it will be interesting to see how 2012’s new budget compares to last year’s thoughts.
That will take a day or two, and take me away from Quanta’s banking analysis, but so what. It’s not like people are beating down the door to see what i have to say.
Need i bring up fannie and freddie and the plans for them? Sometimes i think i am living in some isolated, back country area like Littleton, North Carolina where nobody knows crap–especially when it comes to the ways of the world as viewed in Washington and New York City.
Oh well. X sent me a good article from the Times on J.D. Salinger yesterday. Needless to say, i think there are parallel’s.
For example, here is my website record yesterday? One, for my Indy site (with a 100% bounce rate–meaning they left as soon as they got on). Zero for my Quanta Analytics site.
And life goes on in the back roads.
Have a good one.
Jim, or should i say J.D., which in my case stands for James Dean