... and here I am holding the only red thing on my screen.. CFC calls are down for the day.
That is absolutely hilarious. Any other year it would be pretty depressing.
Countrywide says it's not in trouble
Countrywide Financial Corp. moved to reassure investors Tuesday that it wasn't borrowing too much and wouldn't be constrained in its ability to provide home loans.
"We said it back in August, we said it in September, we said it last week, we'll say it until we turn blue in the face, but we have ample liquidity to fund our growth and operational needs," David Bigelow, Countrywide's managing director of investor relations, said at an FBR Capital Markets conference in New York.
Countrywide shares rose 33 cents, or 3.8%, to $8.97, marking only the second gain in two weeks for the stock. The shares are down 79% this year.
Bigelow rejected criticism that Calabasas-based Countrywide had threatened the soundness of the Federal Home Loan Bank system by borrowing excessively. He also said Countrywide didn't expect issues affecting Freddie Mac and Fannie Mae to materially hurt its ability to make home loans.
Nice gap on the NDX 100...wonder when we'll be coming back down to close that thing?????
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush
I think good chance 100 may not be seen...looks like failure just short
Sorry, what I meant was XOM, BP, etc. are up
What's xom's monthly nut now with oil so high, 35-40 B per I think. Rolling in it. Think I'll go on down the Veteran Soup Kitchen today for lunch. I know XOM needs my money more than me, but some days it's hard.
Behind every great fortune there is a crime. ~ Honore de Balzac One must live the way one thinks, or end up thinking the way one lives ~ Paul Bourget
Today seems similar to October of 2001. The DOW went up over 300 points weeks after the terrorists attacks. I can remember all the Mr. and Ms. J6Ps going "yay". Only to see the bottom fall out of the market as time went along.