TBill

29 Comments

    • M/I Homes: Common Share Price Perplexing [view article]
      I saw these problems some time ago, but held off selling my shares because the chart looked strong. But now that the cash position is so close to the line, I recently sold the shares. Makes you wonder who is doing the buying. Oct 03 12:55 PM
    • Mark to Market Myths [view article]
      Very good, Shiv. It is mark to market that has turned isolated failures into the domino effect. Mark to market assumes rational pricing on the merits of the paper. We all know that markets get irrational now and then. Oct 02 11:12 AM
    • Why Are Homebuilders Up On Lousy Earnings? [Housing Tracker] [view article]
      This isn't anything like 1973. Believe me. For a comparison, you have to go back to 1930. Smoot Hawley, Sarbanes Oxley. And now we are about to elect a leftist who will make it worse. Yup, it's all there. Oct 02 10:48 AM
    • Why You Should Ignore the Bailout Vote [view article]
      You forgot to say the bill failed because quite a number of Democrats voted against it. It was truely a bi partisan effort!

      This mess can trace back to Reno threatening banks with lawsuits if they didn't lend to people without money, demanding they count welfare and food stamps as income. Then Fannie and Freddy were instructed to buy these loans. So now we need gobs of cash to bail them all out and keep the corruption going.

      We need to FIX things, not just keep the system up and running. Start with repealing Sarbanes Oxley and the mark to no market rules.       Oct 01 02:13 PM
    • Wall Street Breakfast: Must-Know News [view article]
      Repeal Sarbanes - Oxley and the domino effect stops, the problem solves itself. Smoot Haley caused the Great Depression, Sarbanes - Oxley caused this mess. Sep 26 10:21 AM
    • Bernanke Gives Up on Reverse Auction Idea [view article]
      All we have to do is repeal Sarbanes Oxley and the 'mark to market even when there is no market' rule and this problem fixes itself. As was said, let the banks mark to 'hold to maturity ' value. There are some smart people recommending just that to the Congresscritters, but, you know, they hate to repeal anything, and there is no money/power involved... Sep 24 11:33 AM
    • Wall Street Breakfast: Must-Know News [view article]
      Repeal Sarbanes Oxley and the stringent mark to market rule and this problem would fix itself. There are some influential people advising this, but as you can hear, none of the Congresscritter are talking about it. Not sexy enough, no power involved, no money to throw around. Sep 24 11:06 AM
    • Wall Street Breakfast: Must-Know News [view article]
      As pointed out, there are major problems with this bill. As with the Patriot act, it's being rushed thru with the threat that if it is not passed now, the ensuing meltdown will be on your heads. The problem is the threat is real. So what's a Congresscritter to do?

      As for the SEC being responsible, if you hand me a loaded gun, I'm I required to shoot myself with it?

      Sep 23 10:00 AM
    • SEC Bans Shorting Financials [view article]
      It's the 1930's all over again. History repeats itself, but always with new variations. Sep 19 04:06 AM
    • Gauging Market Fear: Put/Call Ratio and Volatility Index [view article]
      There is nothing wrong with SS. The bankrupt day is now up to 2046 or so, up from 2028 when they first sounded the alarm. The problem is the Federal Government is bankrupt. The huge SS surplus has been counted as revenue [fraudulant] to keep the deficit looking managable.

      So, most likely, you will continue to get your SS, but the Feds will figure out a way to tax it away from you. Clinton went a long way towards that when he made SS payments taxable. Next is a means test.

      Even tho the numbers say wait, I'm taking mine at 62.

      Sep 18 11:32 AM
    • Capitulation Is Here (Again)... Good Times to Follow [view article]
      Down only 10,000? Count yourself lucky!
      Unfortunately, the health of the financial system is critical to everyone. The powers that be are doing what needs to be done, but this mess is as new to them as it is to us. "Well, we'll try this medicine, and if it doesn't work, we'll either take more of it or try something else."
      Fear and panic are in the air. That is what long term bottoms are made of. Time to start shoveling funds into the market, and get your finger on the trigger, ready to fire both barrels.       Sep 18 10:36 AM
    • AIG Lives Another Day; Shareholders? Not So Much [view article]
      That's right, the $85 b is just a temporary loan. Now, what's 20% of this company worth? Sep 17 12:02 PM
    • Wall Street Breakfast: Must-Know News [view article]
      I agree with just about everything said so far, with that counterproductive must mark to market when there is no market being what really pushed this mess over the edge. Greed is good. It's what makes the system work. Government is there to see that fraud is not resorted to, otherwise needs to stay out as much as possible. Sep 15 09:57 AM
    • Lehman is Toxic at Any Price [view article]
      Anyone who can not come up with at least 2 ways of spelling a word has no imagination. Sep 14 11:10 PM
    • Is the High Home Ownership Rate Hurting Michigan? [view article]
      Idiotic policies of the 'goverment is the solution' powers that be have run the state into the ground. When things get tough, they raise taxes! If people weren't tied to their houses, they'd be a lot less people there, and a much lower tax base as people run for their lives! Hey, I grew up there and was smart enough to get out as soon as I could.

      My relatives have seen a 33% [sic] drop in their home values since Jan 06! Yikes! And that's typical. Go to zillow.com and plug in an address... take a look at the graph of the estimated value. Why? Because people are desperate to leave! Just as people were desperate to get out of Detroit decades earlier, the black hole sucks in more and more of the state. Meanwhile, the socialists running the state spend millions on an ad campaign telling us how MI is such a good state to start a business in. They even have another government program to help you get set up! We would laugh, but who lived there find it so sad.       Sep 14 10:43 PM
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