scottcardiff Posted December 16, 2003 Report Share Posted December 16, 2003 Scott: No argument. However the debt being created via down payment grants is not serviceable. Nothing but more bad debt that will need to be liquidated If the most bearish of our predictions is to occur, all potential debtors must be in the pool. Every last bit of demand for debt must be sopped up. That is what is occuring now. The serviceability of the debt is not nearly as important as the creation of additional debt. If Joe6P can't service his $1,800 mortgage, but someone else can come it at 0 down, interest only payments and take over that mortgage, or J6P can refinance, then that is all that matters. If you stretch a 30 year fixed rate mortgage out to a 40 year, interest only mortgage, you have improved the serviceability and increased debt. It's only a matter of time. Government funded, 50 year adjustable rate mortages, 0 down and the first 3 years interest only payments. Skip up to 2 payments per year. After 3 years, receive a 50% tax credit on principal payments. Link to comment Share on other sites More sharing options...
Goldmember Posted December 16, 2003 Report Share Posted December 16, 2003 Right up and along the Fibo fan line to a double top. I hope it holds it in. Link to comment Share on other sites More sharing options...
Guest jrmfl Posted December 16, 2003 Report Share Posted December 16, 2003 shorting HOV & BZH. Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2003 Report Share Posted December 16, 2003 So get this. What happens when these stocks go up? The DIA Trust has to buy more of them to maintain the correct weighting of thse stocks in the ETF relative to the Index. What happens when the ETF buys CATMUTTOCKS? The Dow accelerates to the upside and CATMUTTOCKS goes up even more. And then the Dow goes up more, etc. until somebody decides to take some of that easy monay and sell! See? Link to comment Share on other sites More sharing options...
soup Posted December 16, 2003 Report Share Posted December 16, 2003 Scott: I, for one, aint jumping in that pool! Link to comment Share on other sites More sharing options...
Goldmember Posted December 16, 2003 Report Share Posted December 16, 2003 Conversely, that would apply on the way down as well? Link to comment Share on other sites More sharing options...
Sphinxter Posted December 16, 2003 Report Share Posted December 16, 2003 Scott: I, for one, aint jumping in that pool! Hey Soup - aren't you in charge of M2M tonight? What's the topic? I vote for swear words in as many languages as this board can muster. Complete translations a must. Link to comment Share on other sites More sharing options...
rog Posted December 16, 2003 Report Share Posted December 16, 2003 Ouch.Ouch. Ouch. I wonder what piece of crap explanation will be dragged out for today's market action. Post-Saddam lift off? Uhhh. Low inflation? %&$#!@&! 10 ipos price in the next in three days. That's my guess, but I haven't been invited onto CNBS to give an opinion. Link to comment Share on other sites More sharing options...
Guest jrmfl Posted December 16, 2003 Report Share Posted December 16, 2003 turnaround tuesday lived up to it's calling. whipsaw'd... Link to comment Share on other sites More sharing options...
Guest jrmfl Posted December 16, 2003 Report Share Posted December 16, 2003 talksoup in four letter foul. Link to comment Share on other sites More sharing options...
soup Posted December 16, 2003 Report Share Posted December 16, 2003 sphin: can not guest host this evening, I am taking my boys xmas shopping. ( what fun, huh?) Link to comment Share on other sites More sharing options...
Guest Posted December 16, 2003 Report Share Posted December 16, 2003 Funny how time changes things. I remember my first wife having longer hair Mousey. Yeah but, I bet you never forgot that look on her face (not to mention the gun in her hand). Link to comment Share on other sites More sharing options...
GregFokker Posted December 16, 2003 Report Share Posted December 16, 2003 VXO 15.90 Link to comment Share on other sites More sharing options...
BigWave Posted December 16, 2003 Report Share Posted December 16, 2003 No worries from sheeple on Mutual fund fraud.. http://story.news.yahoo.com/news?tmpl=stor...d/20031216funds Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted December 16, 2003 Report Share Posted December 16, 2003 Right up and along the Fibo fan line to a double top. I hope it holds it in. lets hope it does. es holding 38% retrace yest high - today low. if es doesn't hold, who knows how high that damn dow will go. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.