phlash79

Under The Radar News - Tuesday

I read 5 negative to very negative outlooks above and yet banks and financials climbed significantly...I am sure glad that reporting outlets like Seekingalpha and Minyanville exist to provide the facts along with references...if a tech company had the issues anyone of these financial companies have...it's stock price would tank significantly more...I almost feel like a number of the mainstream press are on the payrolls of the FED and Big Investment houses to provide false hope and misinformation...

Have a great day!

Peace

Financials Likely in Dead Cat Bounce, But Fed's Now a Wildcard

I have researched the RBMS and CBMS monthly default rates...looked at how they put together CDO's ...learned a new word...Tranches...and in all of these presentation and articles not one person mentioned that real estate --in my mind a renewable resource...should be devalued to pennies on the dollar...the property remains...someone will eventually purchase it...albeit at a discount to the loan value but still the asset or liability depending on how you looked it is still physically present...why not reconsider this write down mess based on real market values despite depressed prices and then realize that eventually the asset will move from depreciating to appreciating...

Can you explain why the drastic writedowns? If not please let me know where I can purchase some of this real estate for .05 per dollar of value...regardless of the inflated price...lol