weekend chat, page-100

noomxx, I saw the following article on cnbc discussing the mark-to-market issue.

http://www.cnbc.com/id/29549920

If they change the accounting rule, it won't actually physically change anything, because the current market valuation of the assets will remain the same, the banks just wont have to report a write-down to current market values for assets they may not sell for years when asset prices recover.

It'll be interesting to see whether:

(a) Financials go up because they wont have to report write-downs, remembering each time there is a report of such a write-down its bad news the market reacts to, or

(b) The market remains bearish on financials because there is less disclosure and hence more uncertainty about exactly how healthy the banks are.

I'll be watching on the 12th, thanks for the tip.