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Trader Joe

And she's buying a stairway to heaven

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Non-Current Mortgages Hit Record High 13.2%: LPS

 

http://www.dsnews.com/articles/non-current...-lps-2010-01-11

 

It's hard to be patient shorting this POS but we are in deep sheet when the resets start hitting again in the next 6 to 12 months,,,,,

 

Cramits bottom smells bad...I'd say the time to start hunting for RE is mid to late next year....

 

SRS is down at a low level, just waiting for the final bottom to be put in there. Would like to see a nice base put in for the next launch.

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Love this collage of headlines from the "experts" reporting on AA....no one knows what the foulke happened...

 

 

 

* Alcoa sees 18 pct jump in revenue to end year - AP

* Alcoa Q4 Revs Top Ests; Turns Cash Flow Positive; EPS Light - at Barrons.com

* Alcoa Kicks Off Q4 With a Miss - at Seeking Alpha

* Alcoa Posts Narrower Losses The Wall Street Journal Online(Mon 4:57pm)

* Alcoa revenues slid; net loss shrinksAP(Mon 4:57pm)

* Dow Gains Ahead of Earningsat The Wall Street Journal Online(Mon 4:54pm)

* Alcoa Misses Profit Forecasts TheStreet.com(Mon 4:51pm)

* Alcoa Finishes 4Q 2009 Strong; Free Cash Flow Positive, Revenues Up 18%

Business Wire (Mon 4:18pm)

 

 

Duh. Let's see. Revenues up strongly. Profits down. Ah. Ah. Ah. They accidentally dropped a bunch of money in a smelter? Ah No, probably not. The money fell out of their pocket on the way to the night depository? Hmmmm could be. Damn. Their costs went up I bet. Wasn't labor costs. Wonder what it was. Well whatever it serves them right for being in a business that has costs to make stuff. Banks make money from nothing and look how they are doing.

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