You think lending is bad now. Who is going to lend when the terms can be changed at anytime? Yields would go to the moon and beyond under this program. Only way you can get a mortgage would be to put body parts up as collateral that can be harvested if you claim "hardship" and you get your mortgage terms changed.
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350zCommtech's Account Talk
- Thread starter 350zCommTech
- Start date
You think lending is bad now. Who is going to lend when the terms can be changed at anytime? Yields would go to the moon and beyond under this program. Only way you can get a mortgage would be to put body parts up as collateral that can be harvested if you claim "hardship" and you get your mortgage terms changed.
felixthecat
Member
Obama has really done it now...suggesting we bail out mortgage homeowners who are behind on payments and about to default or lose their homes. He is suggesting socialism taking money from the haves and giving it to the have nots. That is socialism. 
I'm calling on my state representative ASAP. I already hear the calls of outrage at this suggestion ringing in my hears.
Are we just going to say this is okay and allow this to happen? I think not. It is not fair to those who have lived within their means. I hope this plan backfires and America awakens from their sleep.
And one more thing...I'm tired of the government stock manipulation to save the markets every time we near the S&P 800 area. This is going to backfire and will enhance the market collapse. You haven't seen anything yet...wait till those who got slammed shorting the market...arrange a slaughter.
I'm calling on my state representative ASAP. I already hear the calls of outrage at this suggestion ringing in my hears.
Are we just going to say this is okay and allow this to happen? I think not. It is not fair to those who have lived within their means. I hope this plan backfires and America awakens from their sleep.
And one more thing...I'm tired of the government stock manipulation to save the markets every time we near the S&P 800 area. This is going to backfire and will enhance the market collapse. You haven't seen anything yet...wait till those who got slammed shorting the market...arrange a slaughter.
FUTURESTRADER
Active member
have to prove hardship...get fired??
It was rumor to stick save the market at 3:15. According to CNBC the rumor was denied by the White House when I was watching it at the top of the hour news summary at 7pm EST.
Funny the Office of Thrift Supervision guy resigned at 6pm. Connection?
Read my last post about yields. This "program" would of been like a nuke to the middle of the mortgage market.
felixthecat
Member
Rumor or not...government manipulation has stung short traders and they are already planning to throw everything but the kitchen sink when the next wave down occurs.
A market collapse is coming so beware of the grim reaper (now...what did I do with the grim reaper icon...I know I have it somewhere).
A market collapse is coming so beware of the grim reaper (now...what did I do with the grim reaper icon...I know I have it somewhere).
justbizness45
Member
It depends on the loan. I just refied my mortgage at 5% with no appraisal. Yes I am underwater but my loan is a FHA and they allowed it. I'm not complaining, $200 less a month payment and it is going straight to savings.
It depends on the loan. I just refied my mortgage at 5% with no appraisal. Yes I am underwater but my loan is a FHA and they allowed it. I'm not complaining, $200 less a month payment and it is going straight to savings.
I think it may be more of the occupation of the person that is trying to refi. His client base is mainly workers tied to the auto industry in Twinsburg, Ohio. That town provides 22% of the tax base for Cleveland it is has been napalmed.
I been looking for a place on 20-30 acres that has Lake Erie waterfront for a while that is close to Cleveland to be able to go watch baseball/football/basketball games. He owns a place on 3 acres of lake front there and has been keeping his eyes open for places for me.
Hold on a sec. Who is going to buy our debt to fund the stimulus package?
World Bank gives China $710m loan
http://news.bbc.co.uk/2/hi/business/7888041.stm
Yields are going straight to the moon, Alice.
World Bank gives China $710m loan
http://news.bbc.co.uk/2/hi/business/7888041.stm
Yields are going straight to the moon, Alice.
350zCommTech
Well-known member
Bullish or bearish? You be the judge. The two diagonal lines are the top and bottom of the triangle that everybody has been talking about.
View attachment 5727
View attachment 5727
felixthecat
Member
Top Tails above the triangle here and there have been followed by downward trading to stay within the wedge. I would wait until breakout above wedge for peace of mind. Those little topping tails concern me. More inclined to say a slaughter is coming very soon.
350zCommTech
Well-known member
F fund taking a hit today. It's a buying opportunity IMO.
It was up 4 days straight. I only have one IFT left. #%$$%^^@!
It was up 4 days straight. I only have one IFT left. #%$$%^^@!
Viva_La_Migra
Well-known member
The market is waiting to see what happens with the bloated, gluttonous, pork filled stimulus package before they sell the news and crash the market. I wouldn't be surprised if we not only tested the November lows, but went further south to 680 on the S&P!Top Tails above the triangle here and there have been followed by downward trading to stay within the wedge. I would wait until breakout above wedge for peace of mind. Those little topping tails concern me. More inclined to say a slaughter is coming very soon.
350zCommTech
Well-known member
Top Tails above the triangle here and there have been followed by downward trading to stay within the wedge. I would wait until breakout above wedge for peace of mind. Those little topping tails concern me. More inclined to say a slaughter is coming very soon.
Piercing through the triangle now, but it needs to close below it.
350zCommTech
Well-known member
Time to sell. AGG is about to break out. Which means higher yields lower price.
http://stockcharts.com/charts/gallery.html?AGG
Check out the PPO. It is about to ramp up.
MACD is saying - GMTFO.
