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And she's buying a stairway to heaven


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#76 mdporter

mdporter

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Posted 12 January 2010 - 02:00 AM

Non-Current Mortgages Hit Record High 13.2%: LPS

http://www.dsnews.co...-lps-2010-01-11

It's hard to be patient shorting this POS but we are in deep sheet when the resets start hitting again in the next 6 to 12 months,,,,,

Cramits bottom smells bad...I'd say the time to start hunting for RE is mid to late next year....


SRS is down at a low level, just waiting for the final bottom to be put in there. Would like to see a nice base put in for the next launch.
The men the American people admire most extravagantly are the most daring liars, the men they detest most violently are those who try to tell them the truth. -- H.L. Mencken

"Only a man who knows what it is like to be defeated can ... come up with the extra ounce of power it takes to win." - Muhammad Ali

"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." -- Claude Frédéric Bastiat

#77 Jorma

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Posted 12 January 2010 - 02:15 AM

Love this collage of headlines from the "experts" reporting on AA....no one knows what the foulke happened...



* Alcoa sees 18 pct jump in revenue to end year - AP
* Alcoa Q4 Revs Top Ests; Turns Cash Flow Positive; EPS Light - at Barrons.com
* Alcoa Kicks Off Q4 With a Miss - at Seeking Alpha
* Alcoa Posts Narrower Losses The Wall Street Journal Online(Mon 4:57pm)
* Alcoa revenues slid; net loss shrinksAP(Mon 4:57pm)
* Dow Gains Ahead of Earningsat The Wall Street Journal Online(Mon 4:54pm)
* Alcoa Misses Profit Forecasts TheStreet.com(Mon 4:51pm)
* Alcoa Finishes 4Q 2009 Strong; Free Cash Flow Positive, Revenues Up 18%
Business Wire (Mon 4:18pm)


Duh. Let's see. Revenues up strongly. Profits down. Ah. Ah. Ah. They accidentally dropped a bunch of money in a smelter? Ah No, probably not. The money fell out of their pocket on the way to the night depository? Hmmmm could be. Damn. Their costs went up I bet. Wasn't labor costs. Wonder what it was. Well whatever it serves them right for being in a business that has costs to make stuff. Banks make money from nothing and look how they are doing.

War is the last great hope of the incompetent to order the unwilling to attempt the impossible.
William Eastlake 'The Bamboo Bed'

Change you can suspend your disbelief in.
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