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Warm_Paw » Comments » CAT

  • Are These Earnings Really Cause for Celebration? [View article]
    I'm in total agreement.
    Not sure who believes this is a good time to buy.
    Toxic Assets are still on banks books.
    If unwinding them is being deferred, people holding stock will be affected when that unwinding begins.
    The argument is that the pace of our spiral downward is easing.
    We are still spiralling downward.
    Greed never helps one think straight.
    This crash is a little bigger than bankrupt hedge funds can revive into a new bubble.
    Jul 28 14:11 pm |Rating: +3 -1 |Link to Comment
  • Market Warning from Analyst Barack Obama [View article]
    Reading the Greenspan post:
    Suzy Orman was promulgating safe secure fixed rate mortgages for knew home buyers when she overheard Greenspan promoting ARMS.
    #1. When does a Fed Chief who normally speaks in tongues due to the business community hanging on his every word, outright promote ARMS? He's not a mortgage broker.

    #2. Greenspan likes to prick bubbles, this is one bubble he didn't even realize would bite him on the butt when he pricked it.

    No one realized a third of the homeowners were using equity loans (second mortgages) to pay for a house they couldn't afford and the homeowners kept telling themselves, they could always sell if they got in trouble.

    They all sold at once.

    I'll give you an example of events that come out of no where.
    Nokia is losing market share.
    RIMM and APPLE are now making cheap handsets for the masses.
    The public has seen RIMM rebound to pre sub prime mess earnings. 2+2 = RIMM eating Nokia's lunch.
    Day Traders thus buy accordingly.
    Upward momentum.

    Sub Prime Mess.
    Everyone loses their house at same time.
    Demand is crushed.
    Downward Momentum.

    Greenspan should have retired when computers were driven by punch cards.
    Apr 17 11:30 am |Rating: 0 0 |Link to Comment
  • Market Warning from Analyst Barack Obama [View article]
    A strategy for what?
    The fundamentals say we're not out of the woods yet.
    Day Traders are making smart money wonder if they should start buying.
    Smart money knows we've only put the sub prime mess on hold and dumped the mark to market rules.
    Those banks are still time bombs. The Treasuries looking for better times to mitigate the unwinding.
    What kind of strategy is there?
    No financial guru in their right mind would offer anything but opinion right now. Who knows where this goes next?
    It's your money, you must ultimately decide.
    You pays your money, you take your chances.
    Apr 17 11:16 am |Rating: 0 0 |Link to Comment
  • Market Warning from Analyst Barack Obama [View article]
    Good Article
    Apr 17 11:10 am |Rating: 0 0 |Link to Comment
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