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mickmars

mickmars
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  • Tumble in new home sales hits builders [View news story]
    Just crushing. No Taper now, for sure....

    Why do you think treasury prices just rose on the news? No taper....
    Aug 23 12:01 PM | 1 Like Like |Link to Comment
  • Lockhart: Supportive of September taper [View news story]
    "Lockhart's not a voter on the FOMC this year (or next)"

    The non-voters always talk like hawks.
    Aug 23 08:44 AM | Likes Like |Link to Comment
  • FOMC Minutes: Committee comfortable with initiation of taper [View news story]
    Nope. I'm long, strong, and down to get the friction on. But I'm not buying anything now after an S&P run up like this. I'm certainly not buying a company that's up 240% in 5 years, and still can't turn a profit.

    Maybe you can make money from here in AMZN. Have fun.
    Aug 22 04:42 PM | Likes Like |Link to Comment
  • Initial Jobless claims at 336K [View news story]
    I think there's a premium on homes with basements now. You can conveniently store your manchild downstairs so you won't have to hear "Call of Duty 6" explosions upstairs.
    Aug 22 10:19 AM | 4 Likes Like |Link to Comment
  • FOMC Minutes: Committee comfortable with initiation of taper [View news story]
    Yeah, I keep wondering how Amazon makes money shipping me cheap stuff for free. The answer is, they aren't making money.
    Aug 22 09:53 AM | Likes Like |Link to Comment
  • Gamestop rockets on Q2 report [View news story]
    Would like to see a chart on Gamestop stock as it relates to childhood obesity rates.
    Aug 22 08:57 AM | Likes Like |Link to Comment
  • FOMC Minutes: Committee comfortable with initiation of taper [View news story]
    What constitutes a true "taper" though? $5 billion off $85 billion wouldn't count, in my book. If they cut back to $50 billion a month, I'll give them a little credit. I just don't see it....

    10 year approaching 3% today, by the way....
    Aug 22 08:28 AM | Likes Like |Link to Comment
  • Bond funds lose $30.3B in August [View news story]
    Yep, a little more blood, then get into bonds for a short term trade. Then watch for the Taper to magically disappear and bond rates fall.
    Aug 22 08:19 AM | Likes Like |Link to Comment
  • Resigned to taper, Fed's Rosengren wants to keep it small [View news story]
    They gotta squash this taper talk quick, or 5% 30 year mortgages next week.....

    Then look for "just reduced" on a realtor's sign near you.
    Aug 22 08:16 AM | Likes Like |Link to Comment
  • FOMC Minutes: Committee comfortable with initiation of taper [View news story]
    Like when they said they'd be getting rid of ZIRP by 2010?
    Aug 21 03:29 PM | Likes Like |Link to Comment
  • Higher rates don't dent existing home sales ... yet [View news story]
    If data has "NAR" anywhere in the title, you can bet it's fraudulent.
    Aug 21 11:37 AM | Likes Like |Link to Comment
  • MBA Mortgage Application [View news story]
    "The gauge of loan requests for home purchases, a leading indicator of home sales, fell 5.4 percent."

    This was no self-sustaining housing recovery. This was another short-term debt-fueled high based on a 3.5% 30 year mortgage.

    Another nail in the coffin for "Taper". Bernanke will continue bond purchases to lower these mortgage rates to 4% or below.
    Aug 21 08:18 AM | 2 Likes Like |Link to Comment
  • It's Time To Buy Gold Again [View article]
    How will gold miners ever be trusted to make money if they couldn't with gold at $1700+?

    If gold goes up in price (which, it will over time) the miner's costs either go up with it, or the country they're in seizes the mine. When gold prices double, miner earnings don't.

    I bought gold and gold miners back when gold was $800/oz. I'm still waiting to recoup my money in ABX and NEM. I'll bail on them as soon as I get to break even.
    Aug 20 01:54 PM | 4 Likes Like |Link to Comment
  • Why Gold And Silver Prices Are Not Headed For The Stratosphere [View article]
    RobbyRob gets it. The only real investment strategy is to "buy the dips" in whatever asset class. Those who bought gold and silver on the dip are doing well now.
    Aug 20 01:26 PM | 2 Likes Like |Link to Comment
  • The Bond Market's Fear Of Summers [View article]
    30 year mortgage is back up to 4.6%. "When Doves Cry" comes to mind....
    Aug 20 08:02 AM | 1 Like Like |Link to Comment
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