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All I am doing is asking how you explain the fall in mortgage rates if its not due to the Fed cutting rates. These are market rates, not anecdotal evidence.

If rate cuts don't help and have ZERO EFFECT as you say, then how do you explain why 15y and 30y mortgage rates are down big time on average over the last 6 months: http://www.bloomberg.com/markets/rates/

Not bad for a supposedly "dead" US consumer.

U.S. Jan. retail sales up 0.3% vs down 0.3% expected

The amount of hatred some of you express for their own nation is interesting to say the least. As (Elite)traders, why don't some of you consider leaving the 'terribly socialist and doomed United States', renounce your citizenship in order to free yourself from paying taxes on your worldwide...

I hope you won't start 75 threads about it.

I like Biggs a lot. Like other value players he has had his good and bad calls. He seems a little nervous in this video http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vlD.9oFxWj9I.asf

What I find interesting with the $SOX is that the $SOX/$NDX ratio is in the process of confirming a higher high around the 50 SMA after gliding down or the past 2 years: http://stockcharts.com/h-sc/ui?s=%24sox%3Aqqqq

Let me make a wild guess here: You got your head handed in the 2001/2002 bear market, swore to yourself that you will never ever invest in stocks again and now come to the board once a week and make your doomsday predictions.

So what's the fade? What should I be shorting?

Carhart's promotion in the middle of a 40% drawdown must feel like a "6 sigma event" to him :D

Global Alpha’s Carhart Promoted At Goldman February 6, 2008 In spite of the dismal performance of his hedge fund, Goldman Sachs’ Mark Carhart is getting a promotion. But that promotion is getting a rude welcome from an important client. The Massachusetts Pension Reserves Investment...

What an ironic name. Wonder what party is 'hoping' more desperately... the lenders or the homeowners.

And because of their great transparent risk management and accounting now all these amazing banks (in July "We have no subprime exposure, our books are clean") around the world have written off 100s of billions of dollars worth of subprime bond exposure while a hand full of hedge funds (Paulson...

Which hedge funds in particular? How would you know how the average hedge fund is positioned. The truth is you have no idea what you're talking about.

CHEERS :D

JSSPMK, couldn't agree more. I don't know where people take these 2001 comparisons from, looks like most of them are from posters plagued by post-bubble traumas and whenever they see stocks tank 20% it's another 2000 bubble popping. I see very little similarity looking at the entire picture of...

http://bloomberg.com/apps/news?pid=20601087&sid=aaSjg18XReRM&refer=home AIG Discloses `Weakness' in Derivative Accounting (Update1) By Hugh Son Feb. 11 (Bloomberg) -- American International Group Inc., the world's largest insurer by assets, fell as much as 6.1 percent after auditors...

Not a bad idea. After their 1998 default the Russian investors turned back to the type of "investments" they know best: arms, liquor, narcotics and prostitution. For many these yield better risk adjusted returns than putting their money into structured mortgage debt :D

We'll probably soon have American housewives shorting the USD in "risk free" carry trades with their 1:100 forex accounts to support their household money.