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Bump.
OFFICIAL STOCK MARKET & ECONOMY THREAD VOL. SCHOOL'S OUT
- Thread in 'General' Thread starter Started by dey know yayo,
- Start date
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- Nov 1, 2009
Buy, but not this year.
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GOLDMAN STACKS do you work at gs?
- 21,365
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- Nov 20, 2003
Better buy in the spring?
- 815
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- Feb 23, 2001
Yeah I think they went public about a month ago, from what I remember it was a pretty unsuccessful IPO and they might even be trading for under what the IPOwas. But don't quote me...
- 549
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- Feb 24, 2005
Better buy in the spring?
Yeah I think they went public about a month ago, from what I remember it was a pretty unsuccessful IPO and they might even be trading for under what the IPO was. But don't quote me...
Buying now would be fighting the trend. Wait until it consolidates if you're looking to long the stock. If I were you, I'd find a better investmentthough.
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Yeah it's trading under what the IPO was. I was interested initially but now, I'd rather look in other directions.
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- Feb 24, 2005
Bump since noone's posted today.
Market's experiencing some sort of consolidation right now. Look at the wedge tightening up.
There's strong support around the 103 area and but there's strength in the downtrend. I'm laying off until I see some new information but I'mbearish as long as the VIX and DXY holds it's gains from the past few days.
Market's experiencing some sort of consolidation right now. Look at the wedge tightening up.
There's strong support around the 103 area and but there's strength in the downtrend. I'm laying off until I see some new information but I'mbearish as long as the VIX and DXY holds it's gains from the past few days.
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- Mar 27, 2005
wow, this thread really died.
Gold hits record high near $1100.
Gold hits record high near $1100.
- 2,522
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- Jun 24, 2007
the fed isn't picking up the tab anymore.
100 pt. sink
100 pt. sink
- 564
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- Sep 8, 2009
Yes sir!
- 1,531
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- Oct 26, 2005
i really hope hyperinflation doesnt happen and I'm sure I'm not the only one here.
did anyone hear about the 'cash for clunkers' deals? Supposedly there were a lot of people trading in their old Ford F-150's for newF-150's.. From what i heard the gas mileage isnt very significant between the models...i guess the gov't is now looking at this and they may not givecredit for those deals.
makes me wonder how that will affect the car market now. Did the 'cash for clunkers' do more harm than good?
-J23C
did anyone hear about the 'cash for clunkers' deals? Supposedly there were a lot of people trading in their old Ford F-150's for newF-150's.. From what i heard the gas mileage isnt very significant between the models...i guess the gov't is now looking at this and they may not givecredit for those deals.
makes me wonder how that will affect the car market now. Did the 'cash for clunkers' do more harm than good?
-J23C
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- Apr 20, 2001
You thought the government didn't have anymore tricks
The situation in housing is taking a turn for the surreal. As of tomorrow, bankrupt Fannie Mae will offer deadbeat housing speculators, aka homeowners whobought at the market peak and now can't pay their mortgage, the option to live in their foreclosed upon home while renting it out on a month-to-month basisfrom the government. As the WSJ reports, "borrowers-turned-tenants will be able to sign leases of up to 12 months and will pay market rents, which in mostcases are lower than the cost of mortgage payments." The catch: Fannie will be able to hold the home as not listed for sale. In essence the shadowinventory of millions of zombie houses will skyrocket overnight, further complicating any objective analyses of how many houses are available on the market(the answer: many, many more than you think, but the exact number escapes us). And with housing still collapsing, and jobs still non-existent, more and morepeople are likely to take advantage of this latest taxpayer subsidized boondoggle. It is clear now that the Fed will do everything in its power to attempt areflation of the previous housing bubble, instead of wiping the slate clean. Taxpayer losses be damned: there are investment banks with horrendous balancesheets that need bailing out.
Some more from the WSJ:
Fannie Mae wouldn't say how many homeowners it expects will take advantage of the program. The company acquired 57,000 properties through foreclosureduring the first half of the year, bringing its total real-estate owned inventory to 63,000 properties valued at $6 billion. The rental program will allowFannie to hold inventory off of already saturated housing markets and makes a bet that the housing market will be stronger one year from now.
And from some deeply probing, permabullish and procyclical commentary that could come from any of a handful of hedge fund managers who implded last year whenthe market did the unthinkable and actually corrected:
"I'm sure Fannie is hoping that when they sell the properties, the values will be higher," says David Berson, chief economist for PMI Group Inc.,a private-mortgage insurer. "A year from now, we should be a year further into the economic recovery, and housing demand will be stronger…That will allowyou to release homes that have been foreclosed upon but not put on the market."
While there apparently are some stupid things known as application guidelines, Fannie is sure to take a page from the operations of CFC, New Century and allthe other bankrupt companies that considered the popping of the housing bubble a purely theoretical construct:
The move by Fannie follows a program by Freddie Mac that began offering month-to-month leases to owner-occupants who had lost their homes to foreclosure. ButFreddie continues to market those homes for sale. The Fannie Mae program differs in one important respect: foreclosed homes won't be listed for sale. InFebruary, both companies began allowing tenants whose landlords had lost their properties to foreclosure to sign month-to-month leases.
Borrowers will have to show that the monthly rent is less than 31% of their gross income. The program, which will use a professional management company tohandle maintenance, will allow borrowers to renew their leases on a term or monthly basis and properties that are sold during the lease period will include anassignment of that lease to the new owner.
Some have been so bold as to question the logic of this latest extend and pretend manoeuvre. Then again, if the full staggering size of the shadow inventorywere to come to light and buyers were to realize that they have 100 homes to pick from instead of one, the so called housing pick up would disappear as quicklyas all those agency bonds that the Fed has singlehandedly gobbled up and no more are left:
In recent months, some industry analysts have been puzzled over why more homes haven't been put up for sale as the rate of borrowers who default climbshigher. Well-intentioned efforts to keep families in their homes have led to delays that some analysts believe is prolonging the mortgage crisis by creating a"shadow" inventory of pent-up supply that will ultimately hit the market.
That has prompted some to question the logic of keeping homes off of the market at a time when demand for bank-owned properties has been soaring. The number offoreclosed properties for sale in Las Vegas, for example, has fallen to a less than three months' supply, according to SalesTraq, a local real-estateresearch firm. But housing demand typically falls in the winter, and the number of foreclosures continues to grow. "We're past the peak of when youwould want to sell," says Mr. Lawler.
At the end of the day the question as always is who wins and who loses. And in the ongoing escalation of the conflict between Wall Street and Main Street, itis once again no surprise on whose side the Obama administration has decided to position itself.
This is pathetic.
The situation in housing is taking a turn for the surreal. As of tomorrow, bankrupt Fannie Mae will offer deadbeat housing speculators, aka homeowners whobought at the market peak and now can't pay their mortgage, the option to live in their foreclosed upon home while renting it out on a month-to-month basisfrom the government. As the WSJ reports, "borrowers-turned-tenants will be able to sign leases of up to 12 months and will pay market rents, which in mostcases are lower than the cost of mortgage payments." The catch: Fannie will be able to hold the home as not listed for sale. In essence the shadowinventory of millions of zombie houses will skyrocket overnight, further complicating any objective analyses of how many houses are available on the market(the answer: many, many more than you think, but the exact number escapes us). And with housing still collapsing, and jobs still non-existent, more and morepeople are likely to take advantage of this latest taxpayer subsidized boondoggle. It is clear now that the Fed will do everything in its power to attempt areflation of the previous housing bubble, instead of wiping the slate clean. Taxpayer losses be damned: there are investment banks with horrendous balancesheets that need bailing out.
Some more from the WSJ:
Fannie Mae wouldn't say how many homeowners it expects will take advantage of the program. The company acquired 57,000 properties through foreclosureduring the first half of the year, bringing its total real-estate owned inventory to 63,000 properties valued at $6 billion. The rental program will allowFannie to hold inventory off of already saturated housing markets and makes a bet that the housing market will be stronger one year from now.
And from some deeply probing, permabullish and procyclical commentary that could come from any of a handful of hedge fund managers who implded last year whenthe market did the unthinkable and actually corrected:
"I'm sure Fannie is hoping that when they sell the properties, the values will be higher," says David Berson, chief economist for PMI Group Inc.,a private-mortgage insurer. "A year from now, we should be a year further into the economic recovery, and housing demand will be stronger…That will allowyou to release homes that have been foreclosed upon but not put on the market."
While there apparently are some stupid things known as application guidelines, Fannie is sure to take a page from the operations of CFC, New Century and allthe other bankrupt companies that considered the popping of the housing bubble a purely theoretical construct:
The move by Fannie follows a program by Freddie Mac that began offering month-to-month leases to owner-occupants who had lost their homes to foreclosure. ButFreddie continues to market those homes for sale. The Fannie Mae program differs in one important respect: foreclosed homes won't be listed for sale. InFebruary, both companies began allowing tenants whose landlords had lost their properties to foreclosure to sign month-to-month leases.
Borrowers will have to show that the monthly rent is less than 31% of their gross income. The program, which will use a professional management company tohandle maintenance, will allow borrowers to renew their leases on a term or monthly basis and properties that are sold during the lease period will include anassignment of that lease to the new owner.
Some have been so bold as to question the logic of this latest extend and pretend manoeuvre. Then again, if the full staggering size of the shadow inventorywere to come to light and buyers were to realize that they have 100 homes to pick from instead of one, the so called housing pick up would disappear as quicklyas all those agency bonds that the Fed has singlehandedly gobbled up and no more are left:
In recent months, some industry analysts have been puzzled over why more homes haven't been put up for sale as the rate of borrowers who default climbshigher. Well-intentioned efforts to keep families in their homes have led to delays that some analysts believe is prolonging the mortgage crisis by creating a"shadow" inventory of pent-up supply that will ultimately hit the market.
That has prompted some to question the logic of keeping homes off of the market at a time when demand for bank-owned properties has been soaring. The number offoreclosed properties for sale in Las Vegas, for example, has fallen to a less than three months' supply, according to SalesTraq, a local real-estateresearch firm. But housing demand typically falls in the winter, and the number of foreclosures continues to grow. "We're past the peak of when youwould want to sell," says Mr. Lawler.
At the end of the day the question as always is who wins and who loses. And in the ongoing escalation of the conflict between Wall Street and Main Street, itis once again no surprise on whose side the Obama administration has decided to position itself.
This is pathetic.
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- Sep 8, 2009
This would be funny if it wasn't so serious.
- 2,522
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- Jun 24, 2007
the people who come up with this stuff are geniuses
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- Oct 26, 2005
its been a roller coaster ride for me this week....from up 20% to down 10%, then up again 50% to down 5% with a couple of my stocks....
i like AESO by x-mas to hit around .15ish. I got my eyes on a couple other pennies that I will share once it becomes a good time to get in
-J23C
i like AESO by x-mas to hit around .15ish. I got my eyes on a couple other pennies that I will share once it becomes a good time to get in
-J23C
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- Nov 20, 2003
The ASFX train really came off the tracks.
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- Jan 20, 2005
hello guys! i would like to start investing and stop spending. So can someone help me out or at least point me in the right direction so i can get into thwstock game.
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- Oct 26, 2005
please, go back and read the past posts about other people wanting to get in the market, all the information has been said hundreds and hundreds of times aboutwhere to start, where to get info etc...
-J23C
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- Jun 24, 2007
is this bad joke?
- 3,223
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- Mar 27, 2005
As long as interest rates don't change and the $ tanks, we're going up.
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- Apr 20, 2001
This is the biggest joke I've ever witnessed.
Or as long as computer trading can raise prices on no volume.
Or as long as computer trading can raise prices on no volume.
The Fannie Mae stuff hits close to home given my firm.
The gov't is so $*# backwards its ridiculous.
Of course GS will catch the heat on this, but I mean, god ford bid Fanny Mae unload investments that hold no beneficial value to them in order to help cut thelifeline off.
The gov't is so $*# backwards its ridiculous.
Of course GS will catch the heat on this, but I mean, god ford bid Fanny Mae unload investments that hold no beneficial value to them in order to help cut thelifeline off.
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- Apr 20, 2001
Gotta get them votes next year!
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- Apr 20, 2001
I mean is Barry Obama even check what Helicopter Ben does hahaha. Or he is so dumb, he doesn't understand what's going on.
