Dodge_Em
Member
I hope "CRAZY" is right on the money ... Literally!!!
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12%ayear's Account Talk
- Thread starter 12%ayear
- Start date
I hope "CRAZY" is right on the money ... Literally!!!
fedgolfer
Well-known member
I'm new to this Fed strategy of adding money to the banking sector on Thursdays. Where does that 24 billion exactly go? How do they decide the extra 9 billion, and how monumental is that upside surprise? Is that what cause this AM's spike? People following the money?
USNAVYRETIRED
Member
12%... I'm on the sidelines today, but I'm watching the action. I hope the afternoon action shoots up like a rocket! Best of luck to you and all those in the market today.
12%ayear
Well-known member
I think that a -fv would still have the I Fund up enough to net us a profit Friday. I understand your point. Right now it is down 31 cents. I still might change my mind. 45 min. left
12%ayear
Well-known member
I am going to the F Fund. I need to sideline for a day or two. Been fully invested since 7-26. I have a feeling that OSMs will sell-off even if the USMs rally this afternoon. It is very possible more banks come out in Europe since one did last night. I will wait and lock profits.However;I still think we will rally in the USMs today!! GL..sorry about changing my mind 2 days in a row.Part of doing business, you have to be able to change in a drop of a hat.
fabijo
Well-known member
Well, let's hope it doesn't stay at this rate too long, then!
12%ayear
Well-known member
It seems like the more I read, the more I want to be on the sidelines. We can easily see that 10,000 by years end. Don't laugh.
Last edited:
ATCJeff
Well-known member
Dave pretty much covers this daily now. Read more here....
http://www.etfdigest.com/daveDaily.php?id=436
FogSailing
Well-known member
Dave knows how to tell a very interesting story...Thanks for sharing that Jeff.
FS
FS
12%ayear
Well-known member
Teaser Rates are expiring and this is the next bug to work out in the markets. http://online.barrons.com/article/SB118652175657790871.html?mod=googlenews_barrons...........
12%ayear
Well-known member
Just in VEry bad news
http://online.wsj.com/article/SB118670096225293580.html?mod=googlenews_wsj
Countrywide Hit by Credit Market Woes
By JAMES R. HAGERTY
August 9, 2007 7:16 p.m.
Countrywide Financial Corp. faces "unprecedented disruptions" in debt and mortgage-finance markets that could hurt earnings and the company's financial condition, the Calabasas, Calif., lender said in a regulatory filing.
The company, the largest U.S. home mortgage lender in terms of loan volume, said reduced demand from investors is prompting it to retain more of its loans rather than selling them. The company also has been shoring up its finances. "While we believe we have adequate funding liquidity," it said in a quarterly filing with the Securities and Exchange Commission, "the situation is rapidly evolving and the impact on the company is unknown."
Payments were at least 30 days late on about 20% of "nonprime" mortgages serviced by Countrywide as of June 30, up from 14% a year earlier. Nonprime includes loans to people with weak credit records and high debt in relation to their income, as well as to people who don't document their income or assets. On prime home equity loans, the delinquency rate was 3.7%, up from 1.5% a year before. For all loans, the rate was 5%, up from 3.9%.
In a sign of the growing difficulty in selling loans, Countrywide said that it transferred $1 billion of nonprime mortgages from its "held for sale" category to "held for investment" in the first half. Countrywide marked the value of those loans down to $800 million. It also decided to retain as investments, rather than sell, $700 million of prime home equity loans, marking them down to $600 million. Countrywide has said many of those home equity loans were second-lien mortgages used by people who put little or no money down in buying a house
http://online.wsj.com/article/SB118670096225293580.html?mod=googlenews_wsj
Countrywide Hit by Credit Market Woes
By JAMES R. HAGERTY
August 9, 2007 7:16 p.m.
Countrywide Financial Corp. faces "unprecedented disruptions" in debt and mortgage-finance markets that could hurt earnings and the company's financial condition, the Calabasas, Calif., lender said in a regulatory filing.
The company, the largest U.S. home mortgage lender in terms of loan volume, said reduced demand from investors is prompting it to retain more of its loans rather than selling them. The company also has been shoring up its finances. "While we believe we have adequate funding liquidity," it said in a quarterly filing with the Securities and Exchange Commission, "the situation is rapidly evolving and the impact on the company is unknown."
Payments were at least 30 days late on about 20% of "nonprime" mortgages serviced by Countrywide as of June 30, up from 14% a year earlier. Nonprime includes loans to people with weak credit records and high debt in relation to their income, as well as to people who don't document their income or assets. On prime home equity loans, the delinquency rate was 3.7%, up from 1.5% a year before. For all loans, the rate was 5%, up from 3.9%.
In a sign of the growing difficulty in selling loans, Countrywide said that it transferred $1 billion of nonprime mortgages from its "held for sale" category to "held for investment" in the first half. Countrywide marked the value of those loans down to $800 million. It also decided to retain as investments, rather than sell, $700 million of prime home equity loans, marking them down to $600 million. Countrywide has said many of those home equity loans were second-lien mortgages used by people who put little or no money down in buying a house
Wolverine
Member
Hang on to your cheeks yes, but don't go spreading them thar cheeks now. LOL
350zCommTech
Well-known member
Re: Just in VEry bad news
I smell bull ****. Options traders are betting big against CFC, between now and next Friday. CFC employs 60,000 people. If these traders are right. We haven't seen nothing yet.
I smell bull ****. Options traders are betting big against CFC, between now and next Friday. CFC employs 60,000 people. If these traders are right. We haven't seen nothing yet.
12%ayear
Well-known member
CountryWide will kill the markets today!!!You might see the 12900s today.I see the Fed doing something next week.Going to the C Fund for a bounce Monday. Banks do not trust each other, this is a very bad sign. The Fed will have to try to ease the pain. Watch for next week action. They rather not get involved, but might have to.
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