tlc8386

24 Comments

    • 5 Lessons for the Next Financial Mania [view article]
      excellent article Sep 22 02:51 PM
    • Equities: In the Eye of the Storm [view article]
      Well I am 50 no debt as well--and I will say it's not the boomers but those yuppies in the 80's that over bought--we all own our houses--have cash--worked hard for a living and pay the most taxes! Sep 04 01:31 PM
    • "Reluctant Banks" Let Defaulted Borrowers Stay in Homes [view article]
      The banks had every opportunity to freeze these rates (Dec. 07) until they could assess what the problem was but they refused to do so. Many took the equity out of the homes for those that just left when their mortgage doubled. Those people were the ones who really lost their equity if they had any as well as their credit rating. Along with their home.

      When it became too much to handle now the banks are saying stay in your home until we get to you and figure out what we can do. Well now you have homeowners who will defraud the banks and stay and not pay.

      And do you blame them they were given a loan they did not understand and/ or were lied about what would happen when their rate would go up or get stuck not being able to refinance. NO one can afford a double on their mortgage when most people go out to 50% of their income just to buy a home.

      And then we have the speculators who bought mulitple homes with cheap money who have saturated the market. So until demand meets up with supply we will have continued price decreases.

      The banks need to get the fraud out of these loans and reduce these fees along with mortgages rates at a fair stable rate. So buyers can come back into this market.

      With so much fraud in these loans why would any one want to buy an assest that is depreciating.       Apr 05 09:59 PM
    • Herb Greenberg Calls Out Larry Kudlow [view article]
      Larry Kudlow only see things perched on his top 1% of the population--he has health care--he has a pension--he has stocks--he is rich. It causes them to become totally blind to the rest of the 99%. Feb 04 04:57 PM
    • Dave Fry's Market Outlook for Wednesday [view article]

      Well I have to say what a day---up and down and up and down---I took another walk and missed the leg down--(had to get fresh air)

      I am thinking a lot of this has to do with options expiring this Friday.

      The calls and puts are fighting it out to gain their position or at least come out of this mess.

      Meanwhile seeing stocks go up and down shows you NO faith in the latest news of walmart---and fear is still out there

      what this tells us is that any gains will be taken out---for how long I don't know if it will continue on after Friday's option expire---or till next week---

      I have the feeling with more news out of the financials and more uncertainty that we have to be extremely careful--because where ever you see gains of late you are seeing that stock being sold off.

      As for Benanke I hope he does nothing and allows this correction in inflation to continue to lower prices---if he floods the market with more money it will stop the correction.---dollar will drop more--gold and oil up---and stock market will continue to flucuate---more cheap money will only hurt us now---what I really want is for him to allow his moves to do their work--but not to sink the dollar any more.

      You see some of this working with Walmart lowering their prices---housing has to come down---slower economy will cause pricing pressure and eventually lower inflation---but if Bernanke goes to far with rate cuts he will take out interest income as well---

      He has to allow this correction to repair itself.

      And the bankers have to reset their loans---I feel that is a seperate issue and should be addressed instead of it running into the overall economy causing this fear in credit.

      Loss of construction jobs ect, materials can't be stopped due to demand--but they can stop the bleeding into the credit markets if only they wanted too----       Nov 14 05:54 PM
    • Options Trader: Weekly Wrap-Up [view article]
      Excellent article--"Just another Manic Monday" was also superior!! Great work!!!
      Oct 15 04:15 PM
    • Homes No Longer Affordable To the Average American [view article]
      Finally someone gets it right!!! One thing not to forget is the tax situation---out here in Southern CA we have taxes that are out of control---mello roos--very high association costs--and then the state tax--insurance is also expensive if you add in earthquake.
      It's not unheard of paying upwards of 20k in these taxes on our typical house here in CA. And a 5k a month mortgage is the norm. No wonder no one can afford to live here and foreclosures are booming out here. Everyone is taking from the homeowner!!!       Sep 28 11:41 AM
    • I Love the Smell of Repos in the Morning... [view article]
      It's just not the fraud of bad vs. good credit it is the over inflated housing prices that were continually pushed higher by overbidding in various methods that are questionable in some areas if not the majority.
      You have to ask yourself who gained when percentages and commissions are paid out.
      The higher the price the higher the pay.
      And the promise of higher selling prices consumed the consumer into a tizzie of potential profits.

      Sep 21 02:02 PM
    • The Market's Unlikely To Take Any Fed Action Positively [view article]
      Roger are you kidding us?

      Sep 19 01:21 PM
    • Tune Out The Hype Machine [view article]
      Ditto!!!! Sep 14 04:23 PM
    • Tune Out The Hype Machine [view article]
      Ditto!!!! Sep 14 04:23 PM
    • Tune Out The Hype Machine [view article]
      seekingalpha.com/artic...

      how soon we forget!!

      Sep 13 06:33 PM
    • Tune Out The Hype Machine [view article]
      If you think now that all of this is "nothing" then why in the world would you a few weeks ago tell everyone to short the market? Roger you don't know what you are doing do you? You told me I could be wrong hey I am way up--my buy rec went in beginning of Aug. And the simple reasoning is this when the fed starts to cut money will be pulled out of cash into something else and this time the rotation is back into stocks. Now if we don't cut we could see a nice turn around but the feel is now .25% cut and that is what needs to happen to help this credit crunch. ( so if you are still scarried get your puts ready for the 18th)

      Lenders though need to be spanked big time and deserve to go under!! some of these loans are insane --white collar crime if you ask me!! good luck---



      Sep 13 12:05 PM
    • No Mr. Greenspan, Conditions Aren't Like 1998 [view article]
      This bubble in housing as with the tech bubble does reset and correct the inflationary aspect within those bubbles but the fall out must not be ignored.
      How many people lost all their money, their savings and now their homes?
      This is the downfall of those bubbles.
      I consider it another form of white collar crime stealing from those that do not have the intelligence of understanding what is happening to them. For those of us that do understand we can get out while the rest of them fall into the trap.

      As for Greenspan he had no choice but to cut to save us from the tech bubble---but he did the exact same thing and started another bubble in housing which will take out the lowest level --won't be as broad based as the tech bust but the loss of money will still be felt for those that got caught.

      This will also reset inflation to some degree which was so overheated in housing. Now the question for us is where is the next bubble---gold?

      I am hoping for some sanity in the economy--Bernanke maybe just what we needed!!!!

      It's time for the white collar stuff to stop taking from the economy!
      Sep 12 01:48 PM
    • Outlook for The Market, The Fed and Housing [view article]
      Equity loans from the housing market is also a key part of the depreciation of value of ones home. Less equity will hurt future growth from loans as well as a person's willingless to pay back when their home is worth less than borrowed on.

      These figures of equity loans could be a large amount of personal debt. How many will walk away if their home is worth less than what they owe and cannot pay back?       Sep 10 04:24 PM
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