Saw an article on CNBC about MS and how Oppenheimer is projecting a 1Q loss of 59 cents vs previously projecting a 37 cent gain. They think that Commercial RE writedowns will be the driving factor. It remains to be seen what kind of impact Commercial RE will have, but that has long been seen as the next shoe to drop. Coincidently, Oppenheimer raised its projections for Goldman Sachs, which doesn't have the exposure, to a $1.29 1Q gain (up from $0.99). Both GS and MS are down this morning, more so than the commercial banks.
All in all, my portfolio is up slightly on the day due to strong performance in Tech. Swapping my BAC for AAPL has turned out to be a good move so far as BAC is down 2% vs AAPL which is up 1% since then.
Since April 6:- Today's Portfolio Move: + $186
- Total Unrealized Gain/Loss: - $245
- Total Realized Gain/Loss: - $60
- TOTAL NET: -$305
Posts
No comments:
Post a Comment