12%ayear's Account Talk

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Fivetears said:
I've got 900 feeling by the time this all sets deeper into the year. A Fed sponsored 0% rate isn't going to pay anyones debt off, lower the price of fuel, or save all those in the process of home foreclosure. One must also note, those experiencing trouble paying related debt on time, also pay MUCH higher interest rates on that credit as well as pay more for auto and home insurance. Can the Fed fix this? :notrust:
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No, this has to work itself out. The Fed is not a Magician. We need the US DOLLAR to become stronger, that is the key.
 
anidoc said:
see 350Z's thread for a couple of articles I posted last night about the BSC bailout and planned bailouts for homeowners. This administration has got to wake up to the fact that people walking away from their mortgages don't have the money to spend in an upwardly spiraling economy, and the first step to restore confidence and strengthen the dollar is to help them stay in their homes. Bailing out banks and investment companies is NOT going to do it when the root cause is failed mortgages.
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Actually, the root cause is the ability for mortgage brokers and other institutions in the CDO circle to sell loans immediately, no risk, and get paid for it. In an ideal market situation, those who make risky propositions for greater expected gain also have to pony up if things go south. These crazy sliced up CDOs allowed a game of "hot potato" with these loans, where everyone in the circle was able to escape the risk and get gain, except the last guy (usually a bank) who loaned money based on the supposed value of these hot items and got them as a toasted collateral when everyone else in the circle couldn't pay up.
 
Irrational exuberance. There is no technical market data to support this as a continued direction of movement. Look at the last three Fed injections. Our markets are on FED CRACK!
 
Silverbird said:
Actually, the root cause is the ability for mortgage brokers and other institutions in the CDO circle to sell loans immediately, no risk, and get paid for it. In an ideal market situation, those who make risky propositions for greater expected gain also have to pony up if things go south. These crazy sliced up CDOs allowed a game of "hot potato" with these loans, where everyone in the circle was able to escape the risk and get gain, except the last guy (usually a bank) who loaned money based on the supposed value of these hot items and got them as a toasted collateral when everyone else in the circle couldn't pay up.
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I wish the government would buy my speculative penny stocks from me that I lost a bunch of money on. :D
 
12%,

I know you have been " all in " the S Fund for a long period of time. Why is it constatnly lagging behind the C ?

I have been moving in and out of the S trying to catch it, but it never seems to want to run....
 
Filling a little better after getting hammered by the Bear Stearns news. Glad I stayed in as I still feel strongly that we have formed a bottom and hopefully move up from here on value buying and momentum. :)
 
MR_BOOOOM said:
12%,

I know you have been " all in " the S Fund for a long period of time. Why is it constatnly lagging behind the C ?

I have been moving in and out of the S trying to catch it, but it never seems to want to run....
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The main reason is the financials and builders. However;I see the S FUND becoming the leader of the three Funds.
 
Earnings are coming out better than expected. Time to be fully postioned in stocks. Although, we are down here. I expect a lift-off today and the for the rest of the week.
 
12%ayear said:
Earnings are coming out better than expected. Time to be fully postioned in stocks. Although, we are down here. I expect a lift-off today and the for the rest of the week.
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Oh boy, I just dug this up...making me rethink and go to the sideline after reading this.
The Wall Street Journal also reported that Goldman Sachs Group Inc (NYSE:GS - News) is likely to tap the facility before the end of the week. http://biz.yahoo.com/rb/080319/usbanks_fed.html?.v=2..
 
I think everytime dow drops below 12000, govt gets involved and the stock jumps back above 12000. Then the bad news comes out and the stock drops again. 4% gain was pretty good yesterday, but the subprime mess is still there and the bond should get back at least how much it lost yesterday or 5 cents today.
 
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