cwd Posted November 28, 2007 Report Share Posted November 28, 2007 Dow up 340 pts, Naz up 3%, BKX up 5%...?? ... and here I am holding the only red thing on my screen.. CFC calls are down for the day.?? That is absolutely hilarious.? Any other year it would be pretty depressing. 628656[/snapback] Countrywide says it's not in trouble Countrywide Financial Corp. moved to reassure investors Tuesday that it wasn't borrowing too much and wouldn't be constrained in its ability to provide home loans. "We said it back in August, we said it in September, we said it last week, we'll say it until we turn blue in the face, but we have ample liquidity to fund our growth and operational needs," David Bigelow, Countrywide's managing director of investor relations, said at an FBR Capital Markets conference in New York. Countrywide shares rose 33 cents, or 3.8%, to $8.97, marking only the second gain in two weeks for the stock. The shares are down 79% this year. Bigelow rejected criticism that Calabasas-based Countrywide had threatened the soundness of the Federal Home Loan Bank system by borrowing excessively. He also said Countrywide didn't expect issues affecting Freddie Mac and Fannie Mae to materially hurt its ability to make home loans. LATimes Personally, I think blue might be an improvement on orange. 628669[/snapback] "He also said Countrywide didn't expect issues affecting Freddie Mac and Fannie Mae to materially hurt its ability to make home loans." How could it hurt its ability to make home loans? It already doesn't HAVE any ability to make loans. 628670[/snapback] Dow up 362, CFC down.12 below 9.00 Link to comment Share on other sites More sharing options...
patents Posted November 28, 2007 Report Share Posted November 28, 2007 They are keeping the TICK pegged. Link to comment Share on other sites More sharing options...
DrStool Posted November 28, 2007 Report Share Posted November 28, 2007 closing in on the 3 day cycle projections. Link to comment Share on other sites More sharing options...
Bungster Posted November 28, 2007 Report Share Posted November 28, 2007 Nice gap on the NDX 100...wonder when we'll be coming back down to close that thing????? Link to comment Share on other sites More sharing options...
Drano Posted November 28, 2007 Report Share Posted November 28, 2007 No one has commented on big oil being up so much. Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 28, 2007 Report Share Posted November 28, 2007 NYA coming into what should be the reload spot..... Bear market rallies are breathtakingly fast, eh? Link to comment Share on other sites More sharing options...
Drano Posted November 28, 2007 Report Share Posted November 28, 2007 Nice gap on the NDX 100...wonder when we'll be coming back down to close that thing????? 628687[/snapback] Whenever these guys break up. Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 28, 2007 Report Share Posted November 28, 2007 No one has commented on big oil being up so much. 628688[/snapback] I think good chance 100 may not be seen...looks like failure just short Link to comment Share on other sites More sharing options...
Drano Posted November 28, 2007 Report Share Posted November 28, 2007 No one has commented on big oil being up so much. 628688[/snapback] I think good chance 100 may not be seen...looks like failure just short 628691[/snapback] Sorry, what I meant was XOM, BP, etc. are up Link to comment Share on other sites More sharing options...
DrStool Posted November 28, 2007 Report Share Posted November 28, 2007 dow 3 day cycle indicators just edged to sell side. spx on the cusp. Link to comment Share on other sites More sharing options...
Speakeasy Posted November 28, 2007 Report Share Posted November 28, 2007 No one has commented on big oil being up so much. 628688[/snapback] I think good chance 100 may not be seen...looks like failure just short 628691[/snapback] Sorry, what I meant was XOM, BP, etc. are up 628693[/snapback] What's xom's monthly nut now with oil so high, 35-40 B per I think. Rolling in it. Think I'll go on down the Veteran Soup Kitchen today for lunch. I know XOM needs my money more than me, but some days it's hard. Link to comment Share on other sites More sharing options...
T_Slim Posted November 28, 2007 Report Share Posted November 28, 2007 Today seems similar to October of 2001. The DOW went up over 300 points weeks after the terrorists attacks. I can remember all the Mr. and Ms. J6Ps going "yay". Only to see the bottom fall out of the market as time went along. Link to comment Share on other sites More sharing options...
Charmin Posted November 28, 2007 Report Share Posted November 28, 2007 amazing how the rate cut hope helps the pigmen cover Link to comment Share on other sites More sharing options...
Sudaca Posted November 28, 2007 Report Share Posted November 28, 2007 What I find amazing is how the 3-month dollar LIBOR rate continued higher even today, which is now at its highest spread vs. Fed Funds since they first cut rates back in Sep. What that means is that all the Fed "injections", "rate cuts" and "jawboning" are simply not working. Link to comment Share on other sites More sharing options...
Dr.Correll Posted November 28, 2007 Report Share Posted November 28, 2007 everyone load up on qid..... then qld tommorow afternoon. Link to comment Share on other sites More sharing options...
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