Posted:
#26
Bill Gross talking about a bailout for homeowners
im going to be sick
im going to be sick
CFC Gets Its "BAIL-OUT PACKAGE"
Posted:
#28
I know, Koaj, it's sickening.
Homeowners lying and falsifying info to get into these properties that they thought they could turn quick and dump for profit.
The lender letting them get away with it.
There shouldn't be any goddamn bailout for any of 'em. Let 'em all face the music.
They gambled, got called, and now it's time to pay the piper.
But you're right, there will be some sort of goddamn bail-out package for these lying douches......funded by yours truly's tax dollars......makes you want to fucking go postal.
Posted:
#31
You know what is funny..(common term I use) it wont be the housing market that causes the real recession, it might be a catalyst..but the market in PHX has been dead for almost 2 yrs already..
What is going to screw the market and economy is the currency issue, and the deficit..once the FED stops propping up the economy and we start acting fiscally responsible again, this economy is going to grind to a halt.
That or we could devalue the buck...that would be fun.
People have no idea what the real problems are and sorry to say it isnt the builders or mortgage companies.. and the public will only find out when the talking morons tell them about it..nobody really takes time to research the truth because it would mean exerting effort..
What is going to screw the market and economy is the currency issue, and the deficit..once the FED stops propping up the economy and we start acting fiscally responsible again, this economy is going to grind to a halt.
That or we could devalue the buck...that would be fun.
People have no idea what the real problems are and sorry to say it isnt the builders or mortgage companies.. and the public will only find out when the talking morons tell them about it..nobody really takes time to research the truth because it would mean exerting effort..
Posted:
#32
I think it may be priced in....cause everyone and his dog knows about all the quarterly confessions that will come down the pike in September.
But many shoes will be dropping all through the month when companies will have to come clean with how much sub-prime exposure they carried.
The confessions, though, will be off-set by bail-out rate cuts from the Fed, so it is hard to get a read on how much carnage will ensue during September.
Posted:
#33
I agree with that..
I think the FED is poised to cut again if somthing bad happens.
Probably the real MEAT is to go after a larger firm like MA or C or some brokers who might get nailed...
Unless you think the firm is going under then there is room, but stocks like IMB or TMA or CFC probably wont go under and the real juice was made at higher levels..
I think the FED is poised to cut again if somthing bad happens.
Probably the real MEAT is to go after a larger firm like MA or C or some brokers who might get nailed...
Unless you think the firm is going under then there is room, but stocks like IMB or TMA or CFC probably wont go under and the real juice was made at higher levels..
Posted:
#36
Speaking of C, WSC, it may not be a bad short at these levels.
Oh, hell no will it get bludgeoned too bad.....you're right.....that won't be allowed to happen.....but I think a few duckets can be made shorting them.
They got all kinds of exposure, regardless of their lies.
It is a certainty that they will be confessing in September.
Posted:
#41
Quote Originally Posted by wallstreetcappers:
Koaj,
Elaborate..
Koaj,
Elaborate..
elaborate on what? the "another shoe" comment?
well basically people are very timid right now...people i know on the street, people i talk to. no one wants to really hold anything over night or go long or take a big positions b/c no one has any idea if someone is going to go under tonight or tomorrow morning
thats a big issue...so the mkt has to rid itself of these shit companies before we can get healthy again and not fear so much
Posted:
#42
We got to list up the companies on the September confession ledger, figure out which ones will suffer the most despite the inevitable bail-out packages (this is by far the most important criterion), and start taking aim.
The money is so there for the taking.
Just like it was in the Nasdaq world back in Sep '00 when it was one tearful, humiliating confession after another in the after-market.
The carnage won't be anything close to what it was then, and no one will get rich, but the point is that money can be made.
Posted:
#43
Claycourt,
Exactly..we need to make a list before Sept, in fact it might be good to take a few down after the end of the month..new inflows come in and might make a market pop..or even wait until after labor day and the big boys buying for a few days..
Koaj, elaborate meant the Bill Griffeths interview and comment..anything specific about bailing homebuilders or was it Bill Gross article he referenced?
Exactly..we need to make a list before Sept, in fact it might be good to take a few down after the end of the month..new inflows come in and might make a market pop..or even wait until after labor day and the big boys buying for a few days..
Koaj, elaborate meant the Bill Griffeths interview and comment..anything specific about bailing homebuilders or was it Bill Gross article he referenced?
Posted:
#44
WSC-
I agree......we need to get the ball rolling pronto. I know I need to do it right now, cause once football season starts, I'll get caught up in that tread-water gambling melee and won't focus on what can really make some money.
Capital One Financial. They're going to confess. COF Oct 70 puts ask 5.4. These go much higher over the next 6 weeks or so.
Posted:
#46
Let's face it, we know for a 100% stone cold lock fact that the FED is going to cut the FFR........at least once for 50BPs in Sep, and possibly another 25-50 BP bail-out package cut in the interim.
This is what makes short selling and put buying so goddamn dangerous.
So what we must do is figure out which of these sonfessing companies are so lost and dead, that bail-out rate cuts won't help them.
I say the sacrificial lamb could be COF.....it goddamn sure as hell won't be Citi or Goldman. Probably not MA, either.
I think firing the bullets at COF is going to make you happy in the next 6 weeks. Correct me if I'm wrong.
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