350zCommtech's Account Talk

[350zCommTech]

30 year auction was a ripper. Only 2 bid to cover.

Yup, good thing stocks are down today. Otherwise, my F fund profits would be swirling down the shitter.

 

[Birchtree]

Perhaps there's a builder that has his eye on the property - I have no idea at this time. I do on accasion receive letters from people who are surfing the net for property to build a home on. I wish I could just trade the acreage for a similar property in western North Carolina but have not looked in that direction yet. Maybe Stoplight would like to do a drive by.

 

[350zCommTech]

I feel the gates of hell opening.

 

[Prozium]

The size of the mortgage problem.

 

[Prozium]

The battle for SPX 819 continues.

If it closes below it becomes resistance. If it closes above it becomes support.

Tomorrow will probably be a bounce day to suck people in over the weekend so they don't miss "the bottom" and to get them to throw money over the holiday weekend into their mutual funds.

 

[350zCommTech]

Good thing this BS pump came after the bond market closed.

F fund might have finished up a penny.

 

[Steadygain]

Good thing this BS pump came after the bond market closed.

F fund might have finished up a penny.

You had excellent timing .... and isn't timing of major importance??


Do you feel any remorse for those that got clobbered

or does that somehow make the win all the better

 

[350zCommTech]

You had excellent timing .... and isn't timing of major importance??


Do you feel any remorse for those that got clobbered

or does that somehow make the win all the better

Yes.

No.

Yes.

 

[ATCJeff]

program buying......i*&&^%%^&&$$

 

[350zCommTech]

program buying......i*&&^%%^&&$$

It's world's biggest government controlled casino.

With GS behind the scenes of course.

You want proof?

Compare the 1 min chart of GS and the ES(SP futures).

 

[Prozium]

Get your barf bag ready. Tomorrow is going to be a big down day.

Going to be some payback for that 3:15pm rumor.

U.S. may subsidize troubled mortgages: sources

http://www.msnbc.msn.com/id/29165435/

 

[poolman]

Get your barf bag ready. Tomorrow is going to be a big down day.

Going to be some payback for that 3:15pm rumor.

Rumor ?

I thought the news came across reutors. ?

 

[Prozium]

Rumor ?

I thought the news came across reutors. ?

Do I detect sarcasm?

 

[Prozium]

Breaking:

Office of Thrift Supervision chairman steps down

Reich, Obama administration officials disagree on mortgage modifications

 

[350zCommTech]

Breaking:

Office of Thrift Supervision chairman steps down

Reich, Obama administration officials disagree on mortgage modifications

In November, Reich said he had concerns about using federal dollars to complete loan modification programs, a perspective that clashed with the Obama administration's viewpoint on the subject. Reich also disagreed with Federal Deposit Insurance Corp. Chairwoman Sheila Bair, who is seeking billions in government funds to alter loans.

He either has a conscience or he saw what the .gov was up against and decided he didn't what to be associated with the coming depression.

 

[350zCommTech]

Good thing this BS pump came after the bond market closed.

F fund might have finished up a penny.

Up 1.7 cents. That's 4 days in a row.

 

[Prozium]

He either has a conscience or he saw what the .gov was up against and decided he didn't what to be associated with the coming depression.

I have been around the Federal government for 25 years and never heard of this office before. When I first read it I thought it was the TSP guy.

Wonder if he was the guy that started the rumor this afternoon? :nuts:

 

[350zCommTech]

Get your barf bag ready. Tomorrow is going to be a big down day.

Going to be some payback for that 3:15pm rumor.

U.S. may subsidize troubled mortgages: sources

http://www.msnbc.msn.com/id/29165435/

"I've talked to all the major servicers -- both the big bank ones and the big independent ones -- and they are all ready to go, they're chomping at the bit," Lockhart, the director of the Federal Housing Finance Agency, said. "The other thing they're asking for standardization."Under the plan being mulled, homeowners would have to make a case of hardship to qualify for new loan terms.

They're chomping at the bit? Sounds like BS.


Besides, if your neighbor gets a free $100K check to pay down his mortgage, wouldn't you do whatever is necessary to get one also? I would.


What happens if everybody stop paying their mortgage so that they can qualify for this free money? What do you think will happen to the banks? Hell, most of them are already insolvent.


I know that this was just a stick save news, but if they really think that this was a good idea, they are all f#%@%$%^ idiots. And we will become the next Zimbawae.

 

[ATCJeff]

Up 1.7 cents. That's 4 days in a row.

I'm out with 0.99% since 2/5!

Jeff

 

[350zCommTech]

I'm out with 0.99% since 2/5!

Jeff

Yeah, Tom left also. That means more F fund money for me.