Airtime: Fri. Oct. 2 2009 | 5:28 PM ET
Insight on whether financials will go from first to worst this quarter, with Christopher Whalen, Institutional Risk Analytics (3:35).
Airtime: Mon. Oct. 12 2009 | 10:39 AM ET
A preview of what to expect from earnings season, with Chris Whalen, Institutional Risk Analytics; Paul Miller, FBR Capital Markets; and CNBC's David Faber (5:15).
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- "Why is liquidity going into the financial sector? It's because the real economy is dying [and] everyone is fleeing into the stocks and bonds because they're liquid at the moment," Whalen says. "That's not a good sign."
- "Investors should think about this because the fourth quarter in the banking industry is going to be a bloodbath," says Whalen, who believes smaller and regional banks like Hudson City Bancorp may come into favor vs. larger peers, which have dramatically outperformed since the March lows.
- "When you see the markets rallying when the real economy is shrinking that tells you this [recovery] is not going to be very enduring," Whalen says.
All new articles from Whalen below:
When Wall street Nearly Collapsed by Chris Whalen (Fortune)
Wells Fargo & Securitization Red Flags
An Alliance Of Convenience: The Congress, Primary Dealers & The Fed
The appearances from Whalen have been piling up in the inbox. And that's a good thing unless you're Geithner, Summers, Bernanke, Kohn, or a failed bank CEO.