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I read on trim tab that the incidence of people not paying their mortgage is so high now that it translates to a 2% increase in income. No wonder people have more money to spend if you take the housing payment out of the equation. I know from local anecdotal evidence that people who have stopped...

Only 6 million, thank goodness, relief rally on the news :) Seriously though, all it means is that there will be more intervention from the gov and Fed which are seen as positives for the market or bad for the $, take your pick, either way good for equities.

Isn't this system just a variant of Market Delta?

But JPM said we were going to get a V shaped recovery, that there would be no new normal? Didn't the folks at Toyota get that memo? :D

Just means consumers now have more available credit to access. This message brought to you by More Cash on the Sidelines :)

I'll short Larry, Bill, and Maevis. Having a great day today, went short Robert last week and he had a heart attack today due to the weekend festivities! Unfortunately he is still breathing in the ICU but his "stock" is waaaay down on the news. Sweet! Since Mark took out his policy he has...

Would love to get a % definition of these famous tight stops that magically keep one riding the trend.

Sounds exactly like a lie crafted to play to a jingoistic American audience. It doesn't even make sense given that Northern Rock had its crisis in Sept of 2007 and Lehman fell a full year later. There is no logic in the phrase "importing American cancer" when Europe was already riddled with it...

You are right, I should have added all to the ultimate benefit of the biggest player on the street who are suffering from too much competition from hedge funds and large traders right now. Watch for a PDT type reg that captures those with account sizes under maybe $10-100M.

Certainly. Just requiring all financial instruments and transactions to be exchange traded on exchanges open to all and with anti trust enforcement in exchange ownership would eliminate most of the problems, but that is too much of a market based solution for this administration. The solutions...

You ain't seen nothing yet! If anything, the Obama administration has been incredibly pro market while the crisis ensued essentially keeping Wall Street and its biggest players solvent. As the crisis recedes watch out Wall St. !

I think there was a lot of short covering going on as people didn't know why the financials were ramping. Now that the impetus is being reported they will probably sell off as the news wasn't that significant. AIG is a good short right now at 22.35 with a stop above the days high. Should...

Apparently financials are up because of this: http://www.bloomberg.com/apps/news?pid=20601103&sid=aFNf069LD54g or rather comments they made on their call this am saying that mortgages losses on mortgages written in 2009 and 2008 were lower than expected.

Its working, welfare recipient AIG up 40% today :)

I smell a new gov program in the air. Look at BAC and C, the REITs, regional banks. Somethings cooking, maybe to be announced before or after employment numbers, likely to be worse than expected, to assuage the markets.

OK so how do you make money off that? Short regional banks (due to their larger exposure than money centers banks and IBs) and REITS. And yet today RKH is up 2.5% and SRS is down almost 3%! Its never easy :)

Persistent mismatch in asset prices that will stifle economic activity and credit for years. Tax structure that will increasingly impede recovery.

Fair point and the main reason is that I have found that SRS is easier to day trade than IYR, at least for me. My strategy is to try (obvioulsy it doesn't always work out) and day trade the instrument against my options position and bring down my cost basis along with doing things like selling...

http://www.bloomberg.com/apps/news?pid=20601079&sid=ao1nl65ja.lE

Very Orwellian! Wouldn't it have been smarter to have a PAC or 501 org deal with a political strategy of this nature than the White House? The hubris of the occupants of the White House, as far back as I can remember, never ceases to amaze...