Hypertiger Posted January 9, 2004 Report Share Posted January 9, 2004 Out on the zone Feb 2 is a date that is floating around as being significant... Link to comment Share on other sites More sharing options...
Guest jrmfl Posted January 9, 2004 Report Share Posted January 9, 2004 SAFE as my mortgage lending subsidized job. NEW LENDING all but dried up. Yesterday one of the lending guys just disappeared. Turns out someone slipped him $30k to slide an approval past the CREDIT guys. All very hush hush. Not even sure if lower rates will do the trick!? gotcha. spoke to my brother in law who runs the family mogage biz... his folks were banking 25K amonth until august. 70% are now gone. Link to comment Share on other sites More sharing options...
machinehead Posted January 9, 2004 Report Share Posted January 9, 2004 Yesterday one of the lending guys just disappeared. Turns out someone slipped him $30k to slide an approval past the CREDIT guys. All very hush hush. Eerie. How many guys on the Open Market Desk "just disappeared"? The stuff we don't know ... Link to comment Share on other sites More sharing options...
Bearbones Posted January 9, 2004 Report Share Posted January 9, 2004 Forget Krudlow. Ed Hyman is the most respected economist on the Street scene. He was expecting payroll growth of 170,000. Link to comment Share on other sites More sharing options...
Hypertiger Posted January 9, 2004 Report Share Posted January 9, 2004 For you bond guys. 8-13 day cmap is 4.03 to 4.08. 4.10 is resistance. That's where you should see selling come in. If they don't break 4.10, sell all your bonds, because the bond market will go to hell if they don't. They must get Mortgage rates down one way or the other or yucky will begin to show up...avarage new home prices spiked up in November...I've looked at the 12 year boom and the last price of the previous year is usually the average for the next...It will be tough to keep that trend intact without lower rates... Link to comment Share on other sites More sharing options...
Lock Limit Down Posted January 9, 2004 Report Share Posted January 9, 2004 Kudlow: "Higher mortgage rates means more buyers" Cmon! He also said he was encouraged by the unemployment rate. When challenged that it may be due to workers dropping out of the workforce he explained it away by saying the "household survey" does not indicate such is happening. Whoever was saying they went long the 10 year.. Sweet call...Congratulations. I have soooo much to learn. Link to comment Share on other sites More sharing options...
seamus Posted January 9, 2004 Report Share Posted January 9, 2004 Here we go Link to comment Share on other sites More sharing options...
Jimi Posted January 9, 2004 Report Share Posted January 9, 2004 MBS market getting annihilated MBS stands for what? TIA Mo-Mo Bonored Secruties Hey Look! I think I saw a job over there near that watering hole! Link to comment Share on other sites More sharing options...
MrHanky Posted January 9, 2004 Report Share Posted January 9, 2004 They must get Mortgage rates down one way or the other or yucky will begin to show up...avarage new home prices spiked up in November...I've looked at the 12 year boom and the last price of the previous year is usually the average for the next...It will be tough to keep that trend intact without lower rates... my house has been being built for the last 5 months.costing me 365k to build. my re broker says he may be able to get me close to 430-450k and house is still under construction. a few problems....22,500 to the re agent,3500 to the state for their new re transfer fee,other fees 1,000,taxes about 25,000 because I'm not there at least 2 years. can't win either way Link to comment Share on other sites More sharing options...
Bearbones Posted January 9, 2004 Report Share Posted January 9, 2004 From Ed Bugos' excellent piece: "once PE ratios finally contract, assuming the commodity boom continues the commodity related stock sectors (like gold, metals, and oil shares) should begin to dominate the market averages in terms of capitalization. At this point, from the lower PE, the averages can again be put on a path where the growth rate in commodity profits can sustain a new bull cycle, at least until yields rise far and fast enough to make even that boom unsustainable, as was the case in late seventies/early eighties" http://www.safehaven.com/showarticle.cfm?id=1218 Link to comment Share on other sites More sharing options...
wndysrf Posted January 9, 2004 Report Share Posted January 9, 2004 Jobs data was known yesterday. TOL was 100% round tripped yesterday, now gapping up 2% in the PreMarket. Homebubblers are probably going to get jammed on another run to the upside, since most of them painted large piercing candles yesterday. Link to comment Share on other sites More sharing options...
machinehead Posted January 9, 2004 Report Share Posted January 9, 2004 The federal budget deficit reached $126 billion in the first three months of the 2004 fiscal year, as improving tax receipts were outpaced by rising federal spending, congressional auditors said this week. The first quarter total puts the deficit on pace to top $500 billion ... Only castles burning Link to comment Share on other sites More sharing options...
crooked_analyst Posted January 9, 2004 Report Share Posted January 9, 2004 ...one more for the prayers...Sister in Laws Dad was bicycling and was involved in an accident...wearing his helmet, hit his head in an unusual angle and is on life support...no brain activity. Very good man and father. Link to comment Share on other sites More sharing options...
wndysrf Posted January 9, 2004 Report Share Posted January 9, 2004 J-Lo Saucer Bottom forming.... Link to comment Share on other sites More sharing options...
BigWave Posted January 9, 2004 Report Share Posted January 9, 2004 God Bless CA...Thoughts and prayers with you.. Link to comment Share on other sites More sharing options...
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