jcrash

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248 Comments

    • Sat Jan 26th 15:08 PM | Rating: 0 0
      Commented on:
      Selling Over? I'm Just Not Buying It.
      Well, home prices are UP here in Oklahoma. Employment is fine, cities are growing quickly.

      I don't think people are getting foreclosed on or missing payments on loans. Home sales were down 5% year over year, but previous year was alltime record and we had huge ice storm in December, so no concerns, basically growing faster than ever.

      If that is what it is like here, I hardly think we have a global recession occuring due to a US problem which can't even affect my state.
      View article »
    • Fri Jan 25th 10:49 AM | Rating: 0 0
      Commented on:
      Intel May Be Sanguine, but Tech Has Topped
      The sky is falling, eh?
      View article »
    • Mon Jan 21st 13:12 PM | Rating: 0 0
      Commented on:
      2008 Earnings Estimates Overly Optimistic; Bottoming Process Beginning?
      A lot of companies will be on sale at ridiculously low prices this week.

      Technology has made the bear markets shorter and shorter. Plus, stocks are forward looking...They are gonna finish pricing in the bad news this week (overly much) and from there it will be sideways then up.
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    • Mon Jan 21st 12:54 PM | Rating: 0 0
      Commented on:
      Sell These Three Stocks Before Everyone Else Does
      They all go lower this week.
      View article »
    • Thu Jan 10th 13:29 PM | Rating: 0 0
      Commented on:
      Logitech's CEO Discusses 5 New Products at CES
      Rumor has it microsoft is looking to buy them (Posted on Engadget's home page).
      View article »
    • Fri Dec 14th 20:21 PM | Rating: 0 0
      Commented on:
      A Glimpse Into Apple’s Future
      Just mentioning Apple is sure to get comments...but this article is very short on any real prognostication and seems just like a title with some words under it.

      Apple is a stock for the ages. You can watch on the sidelines or not...your call.
      View article »
    • Fri Dec 14th 17:10 PM | Rating: 0 0
      Commented on:
      PPI-CPI: I'm Even More Bearish Now
      Yeah? Like NVDA was supposed to tank last year? And this guy picked SNDK to tank prior to a 100% runup about a year ago.

      With a record like that, he either just is ignorant about tech stocks, or he has little in the way of clues. I think this one is best filed under entertainment until the record improves.
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    • Fri Dec 14th 16:55 PM | Rating: 0 0
      Commented on:
      Look What They're Saying About the Housing Market
      Well, now that my power is back on (4 days without due to ice storm) my house is worth the same to me as it was last week. Even more than it was 2 yrs ago, because now I have a child and need the extra room it provides over an apartment.

      I don't plan on selling and I really don't care how my home "sale value" fluctuates over the next 5 years. I think most real homeowners are in the same boat as I am.

      So, carry on. I am sure the sky will fall and we will all be crushed, but thankfully, I have a roof over my head.
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    • Fri Dec 14th 16:49 PM | Rating: 0 0
      Commented on:
      Don't Put Yourself in a Losing Position with Options
      Hardest thing for me to do has been to only sell the calls when your stocks are doing well. So, I started doing buy-writes on stuff I wanted to own. That way, I didn't have to worry about the timing of the call sales.
      View article »
    • Thu Dec 13th 16:17 PM | Rating: 0 0
      Commented on:
      8 Predictions for 2008
      I think the best indicator here is that all of you disagree.

      Too many bears in the woods for me to think the market is not near a bottom.

      Liquidity in credits markets <> liquidity in equity markets.

      Housing market is not as bad as most people think. Where I live (oklahoma), it is doing great.

      Resets will matter less and less as people get out from under the ARMS.

      Natural Resources, oil services, integrated oil, most semis - all going higher. Financials - I wouldn't touch them even without the credit issues, so certainly not going near them here.

      With all these posted in agreement, I will go with them being wrong over them all being right - all things being equal. I just don't think things are so easy to figure out, if they were, you'd all be millionaires and have better things to do than posting here.
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    • Wed Dec 12th 18:26 PM | Rating: 0 0
      Commented on:
      LDK Solar: Give Us the Facts
      No disclosure?

      (Long LDK)
      View article »
    • Fri Dec 7th 22:20 PM | Rating: 0 0
      Commented on:
      The Government's Subprime 'Bailout' Plan Will Kill the Housing Market
      Good move on selling the house. Still don't think you "walk away" people are right. Using your line of thinking, people would never buy a car, because it depreciates so much while they own it. Yet cars still get sold - including expensive ones.

      Just because something decreases in value doesn't mean it isn't worth owning and just because the payments go up doesn't mean people are willing to sacrifice their credit ratings and dream home - not if they can find a way to make it work.
      View article »
    • Fri Dec 7th 14:26 PM | Rating: 0 0
      Commented on:
      The Government's Subprime 'Bailout' Plan Will Kill the Housing Market
      Do you think a creditor is just gonna say, oh, ok you filed bankruptcy, you don't owe me anymore?

      They will repossess the house and you will STILL owe them the money they lost on the asset. They will come after you for it and you will be unable to buy your next house in a few years when you think pricing is more equitable.

      I don't get the "walk away" mentality I see getting sold by a lot of "finance experts." The AVERAGE person in the AVERAGE market might see price depreciation of 5 to 10% at MOST. Here in Tulsa, Oklahoma we are doing fine, our home sales aren't quite at last year's record pace, but we are still selling homes at a good clip. Median prices are off slightly, but with the number being sold, I can promise you that the financing is not in a horrible situation. If it is, meaning some people can't get affordable financing, it by definition means we are still in a BOOMING housing market, because we would be selling even more homes.

      If I buy a house for $300,000 with $0 down or 20% down, just because the market value goes down to $250,000 doesn't mean I am going to walk away from the loan. Who cares what the market value is when the value _to me_ today is the same as it was yesterday. I LIVE HERE. Why would I walk away from my loan? That'd be stupid.

      The only reason it would happen is if I couldn't afford my payments. The only reason I couldn't afford my payments was if a) both my wife and I lost our jobs or B) my interest rate spike to some stupid level. Freezing the rates will prevent B and A isn't happening in todays 4.9% GNP growth economy. That said, I have a fixed rate 30 yr locked at 5.5% so I really could care less about rates.

      The only way this is bad for institutions is that they are not going to earn Junk like rates on their mortgages, which they shouldn't in the first place. It is usurious to expect to earn 9+% in today's markets on a mortgage, yet that is what they are expecting to make on these sub-prime mortgages post adjustment. Too bad for them. If they simply offered affordable rates on realistic loans to the sub-prime borrower, they wouldn't be having this problem. So, excuse me if I don't cry for the banking institutions...the homeowners are the ones that need help and this WILL help them, despite what your negatively amortizing brain thinks.
      View article »
    • Fri Dec 7th 11:17 AM | Rating: 0 0
      Commented on:
      Blue Nile Appears Highly Overvalued
      Takes a whole article to say that a P/E over 50 with a growth rate of sub 30 makes no sense?
      View article »
    • Fri Dec 7th 09:29 AM | Rating: 0 0
      Commented on:
      The Government's Subprime 'Bailout' Plan Will Kill the Housing Market
      Your article is at best misleading.

      Citigroup is not exactly the best borrower in the current situation. You can expect they would pay above market rates to borrow.

      As for the matrix reference, I do not see how continuing to pay a low interest rate on a loan is a bad thing. Unless you assume housing prices never recover, in which case ALL homeowners are "human batteries", the most profitable thing for anyone is to pay their home loan as slowly as possible.

      You are probably one of those people getting a 15 yr loan and paying extra each month instead of investing you extra cash and tripling or quadrupling the "savings" you are getting by paying your home loan off early.

      If you are in your house to live and not as a speculator, you make out like a bandit with low rates.

      View article »
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