Lock Limit Down Posted April 8, 2004 Report Share Posted April 8, 2004 BKX.X beginning to topple but still too early to say Someone is buying the bond with a vengence Hmmmmm Link to comment Share on other sites More sharing options...
machinehead Posted April 8, 2004 Report Share Posted April 8, 2004 "We can no longer rule out the possibility that the bulk of the German relief organizations will pull out because of the exploding violence," said Hartmut Wilfert, spokesman for Aktion Deutschland Hilft, the umbrella organization for German aid organizations. "We don't know how much longer the neutrality of our workers will be effective protection in this situation." One of the South Koreans who escaped capture said, "We told them repeatedly that we're South Koreans, but they didn't listen." Maybe these folks should get a clue. The one point on which the Iraqis concur wholeheartedly with George Bush is, "You're either with us or against us." Link to comment Share on other sites More sharing options...
brian4 Posted April 8, 2004 Report Share Posted April 8, 2004 break 1140-look out below. Link to comment Share on other sites More sharing options...
brian4 Posted April 8, 2004 Report Share Posted April 8, 2004 Well said MH! Link to comment Share on other sites More sharing options...
brian4 Posted April 8, 2004 Report Share Posted April 8, 2004 the bottom is about to fall out-YeeHaw! Link to comment Share on other sites More sharing options...
zensmoke Posted April 8, 2004 Report Share Posted April 8, 2004 Light Sweet Crude Oil May 2004 (NYMEX:CLK4) Link to comment Share on other sites More sharing options...
BearHugs Posted April 8, 2004 Report Share Posted April 8, 2004 Yobob1, excellent commentary. Would be very entertaining if the subject wasn't so disturbing. Link to comment Share on other sites More sharing options...
wndysrf Posted April 8, 2004 Report Share Posted April 8, 2004 We have been building a short position in GM and will continue to add to that position into earnings. In addition to the growing inventory problem we believe that slowing refinancing activities at Ditech and problems in the GMAC auto and mortgage loan portfolios will no longer shield the losses from auto operations. Moreover we believe that these finance divisions will start to become earnings and growth liabilities instead of the engine of growth that they have been in the last few years. Reuters (April 8) - General Motors Acceptance Corporation (GMAC) is launching a new consumer finance unit, which will allow GM OnStar customers to apply for credit cards and home equity lines of credit via their voice-activated OnStar application program. The company also expects to offer new, 72-month financing programs for entertainment systems, plastic surgery, weight reduction medication, custom wheel and tire packages, teeth whitening, laser eye surgery, and plastic surgery. "We expect to grow our consumer finance receivables by 45% in 2004 with these new programs", said Victoria Alvarado, the V.P. of GMAC's marketing department. "By the year 2008, we expect that 83% of the parent company's free cash flow will come from the consumer financing division" Link to comment Share on other sites More sharing options...
zensmoke Posted April 8, 2004 Report Share Posted April 8, 2004 Reuters/CRB Index Cash (NYBOT:CRY0) Link to comment Share on other sites More sharing options...
wndysrf Posted April 8, 2004 Report Share Posted April 8, 2004 May Unleaded Gas up 4.9% May Heating Oil up 4.5% May Crude up 4.4% Attn: Matrix Data Pushers Good luck erasing these from the next PPI Report. Link to comment Share on other sites More sharing options...
zensmoke Posted April 8, 2004 Report Share Posted April 8, 2004 DOW JONES AIG COMMODITY INDEX (INDEX:DJAIG) Link to comment Share on other sites More sharing options...
rog Posted April 8, 2004 Report Share Posted April 8, 2004 We have been building a short position in GM and will continue to add to that position into earnings. In addition to the growing inventory problem we believe that slowing refinancing activities at Ditech and problems in the GMAC auto and mortgage loan portfolios will no longer shield the losses from auto operations. Moreover we believe that these finance divisions will start to become earnings and growth liabilities instead of the engine of growth that they have been in the last few years. Reuters (April 8) - General Motors Acceptance Corporation (GMAC) is launching a new consumer finance unit, which will allow GM OnStar customers to apply for credit cards and home equity lines of credit via their voice-activated OnStar application program. The company also expects to offer new, 72-month financing programs for entertainment systems, plastic surgery, weight reduction medication, custom wheel and tire packages, teeth whitening, laser eye surgery, and plastic surgery. "We expect to grow our consumer finance receivables by 45% in 2004 with these new programs", said Victoria Alvarado, the V.P. of GMAC's marketing department. "By the year 2008, we expect that 83% of the parent company's free cash flow will come from the consumer financing division" LOL! Now if I could get foreclosure and debt councilling over OnStar then it would be a double super buy. Link to comment Share on other sites More sharing options...
zensmoke Posted April 8, 2004 Report Share Posted April 8, 2004 DJ Freddie Mac 30Yr Mtge Rate Soars To 5.79% In Wk Vs 5.52% NEW YORK (Dow Jones)--Average mortgage rates rose to their highest levels in four months for the week ending April 8, according to Freddie Mac's primary mortgage market survey. The average interest rate on a 30-year fixed-rate mortgage rose sharply to 5.79% this week from 5.52% a week ago. Fees and points rose to 0.7 point from 0.6 point. The 30-year mortgage rate is now near where it was a year ago when it stood at 5.85%. Fifteen-year fixed-rate mortgages climbed to 5.12% from the previous week's 4.84%, while fees and points rose to 0.7 point from 0.6 point. A year ago, the 15-year mortgage rate averaged 5.17%. One-year Treasury-indexed adjustable-rate mortgages also increased, averaging 3.65% from 3.46% a week ago. Last year at this time, the one-year ARM stood at 3.80%. Fees and points for ARMs decreased this week to 0.5 point from 0.6 point. "The bond market reacted to the welcome news last Friday that jobs are finally being created, which is much needed for continued expansion of the economy," said Amy Crews Cutts, Freddie Mac deputy chief economist. "Mortgage rates again followed the bond market, rising significantly from last week to this week, and spurring speculation that the Federal Reserve Board will raise rates sooner rather than later. Dow Jones Newswires Link to comment Share on other sites More sharing options...
zensmoke Posted April 8, 2004 Report Share Posted April 8, 2004 *DJ 7 South Koreans Held In Iraq Released - Reports Dow Jones Newswires Link to comment Share on other sites More sharing options...
brian4 Posted April 8, 2004 Report Share Posted April 8, 2004 LOL-I luv it "Amy Crews-Cutts" I bet she wears leather. Link to comment Share on other sites More sharing options...
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