swordfish Posted December 1, 2009 Report Share Posted December 1, 2009 Junk mortgages: It just gets worse In 2007 we dissected one toxic issue. The horror story continues, but can we still learn from our mistakes? [..] This was an especially bad issue, which we picked (on advice of some bond mavens who aren't competitors of Goldman Sachs) precisely because it was so awful. According to Bloomberg LP, recent trades in the A's were at less than 7% of face value. So the market is saying the losses are even greater than our estimates. http://money.cnn.com/2009/11/30/real_estat...rtune/index.htm Im expecting strong fall this or next week. I hope that TOP IS IN hahha Link to comment Share on other sites More sharing options...
TenaciousG Posted December 1, 2009 Report Share Posted December 1, 2009 For some reason this headline seems (cover eyes here) bullish to me. Tonight's trading should be worth staying up for. Obama to layout Afghanistan exit plan Link to comment Share on other sites More sharing options...
swordfish Posted December 1, 2009 Author Report Share Posted December 1, 2009 http://graphics8.nytimes.com/images/2009/1...aphic/popup.jpg Link to comment Share on other sites More sharing options...
Jimi Posted December 1, 2009 Report Share Posted December 1, 2009 When does California's finances outright collapse? http://www.sacbee.com/walters/story/2355706.html Link to comment Share on other sites More sharing options...
MrHanky Posted December 1, 2009 Report Share Posted December 1, 2009 I just fielded a phone call that is a major top alert...... One of my old work buddies just called me.He wants to take his life savings, a whopping $2,000,and buy Fannie and freddie stock with it.Wanted my advice on if it was a good idea. Whar could possibly go wrong? Link to comment Share on other sites More sharing options...
capitall Posted December 1, 2009 Report Share Posted December 1, 2009 For some reason this headline seems (cover eyes here) bullish to me. Tonight's trading should be worth staying up for. Obama to layout Afghanistan exit plan Seems neutral to me actually. Politicos have been telling us for years that we will get out of these wars when __________ (Fill in the blank with something reasonable sounding, e.g. when forces in the country have been trained-- or something else that would in reality have taken less time than we have been in there already.) So far, the politicos have always been lying. I can't imagine people will start believing the pres this time, but perhaps they will, as it is a new president, from a different party. And people would like to believe that he is not just taking money out of their pockets to give to military industrial complex companies, who require a continued war in order to have continued government contracts. It might be somewhat cheaper if the politicos just ended the wars and just handed a lot of money over to Haliburton, Blackwater, and the others outright, instead of fighting wars that in turn "need" their services, which they are then awarded government contracts to deliver. Link to comment Share on other sites More sharing options...
TenaciousG Posted December 1, 2009 Report Share Posted December 1, 2009 Seems neutral to me actually. Politicos have been telling us for years that we will get out of these wars when __________ (Fill in the blank with something reasonable sounding, e.g. when forces in the country have been trained-- or something else that would in reality have taken less time than we have been in there already.) So far, the politicos have always been lying. I can't imagine people will start believing the pres this time, but perhaps they will, as it is a new president, from a different party. And people would like to believe that he is not just taking money out of their pockets to give to military industrial complex companies, who require a continued war in order to have continued government contracts. It might be somewhat cheaper if the politicos just ended the wars and just handed a lot of money over to Haliburton, Blackwater, and the others outright, instead of fighting wars that in turn "need" their services, which they are then awarded government contracts to deliver. Oh, I am completely with you. I am looking at it from the MSM perspective as to what they will advertise as the catalyst for the market rally or not. Up or down I do feel we will see some good energy tonight or tomorrow. Link to comment Share on other sites More sharing options...
Trader Joe Posted December 1, 2009 Report Share Posted December 1, 2009 his life savings, a whopping $2,000, What a pathetic loser However, I'll retract my comment if he is under 11 years old Link to comment Share on other sites More sharing options...
Bungster Posted December 1, 2009 Report Share Posted December 1, 2009 A caution to all bearz for anything but very very short term scalps.....This market appears to be headed higher on the next bull leg.....Short at your own risk.... Link to comment Share on other sites More sharing options...
MrHanky Posted December 1, 2009 Report Share Posted December 1, 2009 What a pathetic loser However, I'll retract my comment if he is under 11 years old 45 Not much of a life huh? And he's my "wealthy" friend. Link to comment Share on other sites More sharing options...
DrStool Posted December 1, 2009 Report Share Posted December 1, 2009 Latest Story Poised For Liftoff – Professional Edition December 1, 2009 By Lee Adler This looks like the beginning of a 4 week cycle up phase. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. Link to comment Share on other sites More sharing options...
capitall Posted December 1, 2009 Report Share Posted December 1, 2009 45 Not much of a life huh? And he's my "wealthy" friend. Well, it usually does one more good to have friends with sense than friends with more money than sense-- like some of the bankers that caused the economic crisis, or some of the Dubai folks who overbuilt that place to the max and did things like putting an indoor ski slope in the desert. Does your friend have some sense (I mean in other matters than financial)? At least he asked you for your opinion, perhaps realizing that you know more about finances than he does. Link to comment Share on other sites More sharing options...
Trader Joe Posted December 1, 2009 Report Share Posted December 1, 2009 45Not much of a life huh? And he's my "wealthy" friend. Dude, you're killing me :lol: I have a few "acquaintances" that are in the same boat... Guy 1 = 40, got divorced, moved back with his parents and now a druken loser. Not a penny to his name and any money he gets is spent immediately on booze, pot, coke, and "electronics" Guy 2 = 43, never really worked a real job in his life, he works as a DJ in a strip club 2 days a week and delivers pizza a couple nights a week. Lives with his parents. Only accomplishment in life is his attendance at 158 Bruce Springstien shows. Also, doesn't buy health insurance -- and is adamantly AGAINST any Obamer ® healthcare program. But he would be amenable to a plan if it cost him no more than $20-30 a month. BWAHAHAHAH Guy 3 = 43, weighs about 500 pounds and is eating himself to death. Lives with his parents. Finishing up a degree in graphic design. Graduates in Feb 2010. So what do you think the chance of a company hiring a 500 lb fat f**k with no job experience. If you answered less than zero, you've got the right idea. Link to comment Share on other sites More sharing options...
Trader Joe Posted December 1, 2009 Report Share Posted December 1, 2009 ... Link to comment Share on other sites More sharing options...
MrHanky Posted December 1, 2009 Report Share Posted December 1, 2009 Well, it usually does one more good to have friends with sense than friends with more money than sense-- like some of the bankers that caused the economic crisis, or some of the Dubai folks who overbuilt that place to the max and did things like putting an indoor ski slope in the desert. Does your friend have some sense (I mean in other matters than financial)? At least he asked you for your opinion, perhaps realizing that you know more about finances than he does. No close friends here in vegas,just people I used to work with.Only 2 or 3 real friends back in Jersey.The only one with ANY financial sense happens to also be my broker.I am considered to be a financial expert around most that I know,I don't know why. I don't like to give money advice too often,don't want to be responsible for any losses they suffer.That is why I turned down working on wall street years ago.But generally unless they have a large amount of savings I tell them they have no business being in stocks at all. Everyone I know is flat broke...Except for my parents and my stock broker buddy. Link to comment Share on other sites More sharing options...
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