williemo

5 Comments

    • ON: Tue Sep 23rd 18:02 PM
      Commented on:
      Mortgage Delinquencies Continue to Climb, Watch Out for Other Loans
      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.
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    • ON: Tue Aug 12th 11:01 AM
      Commented on:
      Is the Buck Really Back?
      Remember Warren Buffett's contrarian philosophy during the late 90's tech boom? Was he right? It depends on your time horizon. He was wrong, for the short term trader but right for the longer term investor. The same seems true now. As many have said, including our favorite friend on CNBC daily TV, 'you may be right', but being right won't win against 'the momentum of the crowd'. I've become a greater believer in this. However, if you are a 'balanced' investor, ie, one who has both short term and long term in mind, taking some positions in falling sectors as the near support can prove misguided in the short run, but brilliant in the longer term. I remember back in the late 90's, how many were saying how Buffett was 'old school' and couldn't keep up with the times. His patience was brilliant. I like this article, and it gives us a couple of ways to play the market, both now and in waiting for the next shift in sentiment.
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    • ON: Tue Aug 12th 09:58 AM
      Commented on:
      Contrarian Trading Tips: Gold, the Dollar, Energy and Financials
      Very nice article. caveats on both sides of the argument. no one can catch the bottom perfectly, so recognizing the beginning of opportunity is better than having missed it, even if you're somewhat early. Most people reading this are short term minded, and want to make a Buck weekly. True investing is much longer than this. Great article!
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    • ON: Tue Jul 8th 15:30 PM
      Commented on:
      Market Backdrop: 1990 vs. Today
      the main diff is this credit crunch is way more severe......and we didn't go bomb the hell out of the the Iraqi's this month.......ie, 'The Gulf War', which brought us out of the dull-drums. Now is diff......banks can't get capital like they could then. We're going down further, just get ready.
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    • ON: Thu Jun 19th 13:50 PM
      Commented on:
      Value in Regional Bank Stocks?
      On Regional banking industry, what index seems to be the best for identifying the key banks in this set? I use IAT, but see KRE and others. I haven't even heard of some of the top 10 banks in KRE. comments welcome.
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