SPDR Homebuilders (XHB)

All Comments on XHB

  • commenter
    H. Michael
    Arguello
    Sep 23 08:24 PM
    Mortgage Delinquencies Continue to Climb, Watch Out for Other Loans [view article]
    I agree with Miami on the POAs, I'm gonna have to disagrere with Willi. As a former supervisor of mortgage originators, I would frequently test job candidates and existing LOs to see how well they understood POAs (I was not a fan of POAs and they were not necessary in my market like they were in FL and CA).

    Only 1in7 were able to understand the concept of a negative amortization loan tied to a variable rate structure and the financial explosion that would occur in a rising rate/depreciating market. To be fair, I got the impression many didnt give a damn beyond the commission and simply didnt want to learn. Still, having World Savings reps running around with their claims that their u/w models had been backtested thru the Great Depression did not help.     Reply
  • commenter
    williemo
    Sep 23 06:02 PM
    Mortgage Delinquencies Continue to Climb, Watch Out for Other Loans [view article]
    MFI-Miami has summed it up well. However, it is my belief that most loan officers did understand the risk via the indexed rate. As all the rest of the commission-driven loan officers during that time, they were no different than an aggressive car or appliance salesman, blinded by the commissions, and sales reports, and how they'd look to their peers, to be really concerned about the customer. To them, isn't it the customers' responsibility to plan for themselves and know what they can afford? If the underwriters approve it, then it must be ok. To me, there was no real way to stop what was happening, other than the fallout this year. No one could yell loud enough to stop the speeding lending train before it crashed into the station. Everyone had their head down, in their own world, and didn't care. Reply
  • commenter
    MFI-Miami
    Sep 23 02:48 PM
    My Website
    Mortgage Delinquencies Continue to Climb, Watch Out for Other Loans [view article]
    Option-ARMs are going to be a nightmare when they start going off in massive numbers. The reason being, they were sold to consumers who did not understand them by Loan Officers who did not understand them coupled with lenders who allowed people to be qualified by the start rate not the fully indexed rate. Then followed it up with sloppy underwriting. Reply
  • commenter
    markg
    Sep 23 02:26 PM
    Mortgage Delinquencies Continue to Climb, Watch Out for Other Loans [view article]
    Ven, you are correct. This makes how long that Bernanke has been using threat of recession to get what he is asking for? It's a tired threat, because it's already happened.

    This is the same guy, by the way, who insisted we were not in a housing bubble. And he wants how much more??     Reply
  • commenter
    venividivici
    Sep 23 01:33 PM
    Mortgage Delinquencies Continue to Climb, Watch Out for Other Loans [view article]
    Well you can see why the boys need another $700 billion to throw at the problem. Ben has just said that things will get worse if America slips into a recession. I'd describe the current situation in the housing market as a depression. Reply
  • commenter
    2houndz
    Sep 21 09:06 PM
    Thursday: A Day of Relief? [view article]
    Another good reason the short the XHB. Reply
  • commenter
    messy
    Sep 20 06:58 AM
    Wall Street Breakfast: Must-Know News [view article]
    I have a few naked puts on....NEM,,,HL...GOLD MINING STOCKS and will be put to, but I love it. What a dilemma to be in,,,,having to sell me gold stocks and watching it rise over $80 in one day. Having to buy Newmont Mining at 45 and then watch go back up to over $1,000 per oz will really be fun to watch, as who is protecting the almighty dollar? Reply
  • commenter
    L.A.sunny
    Sep 19 02:07 AM
    Wall Street Breakfast: Must-Know News [view article]
    HOMEbuilding includes apartments and condos.Around here they are filled/bought as fast as they are built,and they are going up ALL OVER the place around here. Reply
  • commenter
    User 151885
    Sep 18 05:25 PM
    Is Robert Toll's Honesty Keeping Shares Above Water? [view article]
    Just to refresh everyone's files I would point out Mr Toll's honesty has resulted in him selling more stock at 4 times his excercise price.
    Is he using up-beat language to prop up the price of Toll stock?
    I commented recently on Nortel using up-beat language promoting stock as in 2000 and lo and behold another significant correction in price. (I believe about 50%)
    It's amazing how long an infection can last, don't you think?     Reply
  • commenter
    Right in
    San
    Francisco
    Sep 18 11:57 AM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    Why are we building any houses? This bubble shouldn't work itself out until the number of people who can afford a house grows to fill the inventory. Perhaps there is some migration from one region to another, but that's it. Reply
  • commenter
    User 264496
    Sep 18 10:52 AM
    Wall Street Breakfast: Must-Know News [view article]
    sorry i meant since oct 08 Reply
  • commenter
    User 264496
    Sep 18 10:51 AM
    Wall Street Breakfast: Must-Know News [view article]
    can someone tell me how the central banks havepumped int o the markets since oct 07. i mean total of usa,europe japan china etc.
    thanks     Reply
  • commenter
    axelrod608
    Sep 18 09:36 AM
    Wall Street Breakfast: Must-Know News [view article]
    Ditto. Yesterday I suggested buying gold and my long calls grew fat.

    And I repeat, the domino effect in the financials has just begun. With over 1,000 trillion dollars of derivatives around the world, some of which have sold for 25 centys on the dollar, the losses reported so far are the bare tip of the iceberg.

    And with central banks pouring in additional liquidity the problem cannot be fixed. Heck, the problem grew because of excess liquidity. Too much money chasing questionable derivative "investments"...

    And yet again, the World Bank studied all global financial crises over a 30 year period - over 100 incidents. They concluded that in every case the crisis was prolonged and deepened prportionately to the amount of money the country threw at the problem to try to fix it. Anyone who expects this crisis to work out differently might try the view sans the rose colored glasses.

    What Paulson and Bernanke are doing is pouring gasoline on the fire. This is, pure and simple, corporate welfare, financial socialism."Free&q... market economy my youknowwhat. This will end badly. Worse than if the meddlers in DC had stayed out of the fray.

    Ultimately, credit default swaps must be outlawed. The only reason companies would buy such opaque "investments"... as there are in the heap of dubious derivatives, is because somebody would insure them. Markets need to go back to "caveat emptor" where buyers do their due diligence to determine the true worth of something before they "invest" billions of shareholder or investor dollars in it.     Reply
  • commenter
    SA Editor
    Eli Hoffmann
    Sep 18 09:10 AM
    Wall Street Breakfast: Must-Know News [view article]
    FuzzyPop,

    You're absolutely right - that was an oversight. I've added it in.     Reply
  • commenter
    fuzzyshrimp
    Sep 18 08:54 AM
    Wall Street Breakfast: Must-Know News [view article]
    Eli, no comment about Gold or GLD after the rocket ship took off? Reply
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