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And that is why we have a lot further to go before a bottom is found. Cheap money unqualified buyers drove prices in to bubble territory but unfortunately the homesteaders bought in to it and started spending the bubble equity too on TVs vacations and stopped saving for retirement. Maybe the...

Housing is really what is going to be hit with the darkest storm. The boomers will be selling to retire, pulling out equity or just to save utility money and effort of maintaing a large single family. People with second homes will sell due to job losses and underperformance of the stock...

Question is what is the cost of that capital? How do they make any money here? Sure Gross is in love with their debt because he bought it when it was trading at a huge discount and now it is going to get official US Gov backing, but as with BSC, equity holders will be the ones to take it on...

What happened to Peak Oil? Peekelo are you loading up for the armageddon?

http://mrmortgage.ml-implode.com/2008/07/22/mr-mortgage-june-home-sales-report-preview-for-official-reports/#more-192

Recession? Man, that is so last week already! :D

FXI should really benefit if this is the case as China is hit the most by high oil. EWZ will take a hit though as Brazil benefits from high oil. Then again it depenmds on why oil is dropping, if it is due to the speculators/Iranian premium then china should do well, but if oil is falling because...

Dude you crack me up, you didn't mnake a dime off the move but you are happy as a lark, I made $1500 and feel like crap about it. Welcome to the wierd and wonderful world of trading and ET :D

This just in: "The sun has got his hat on hip hip hip hip horray, the sun has got his hat on and is coming out today". Sarcasm aside if you are not a pollyana that believes that everything is now fine just because we manged a rally of the lows and from a hugely oversold condition then you...

Guess all the problems are behind us now, silly APPL management warning of a poor second half and falling margins. Thank goodness investors know better. And yes, I am bitter about leaving $10 on the table on the trade :( :D

Out 152.45

I take it you didn't hear the AXP call.

No he never does. However there has been talk about his health from a Fund manager who saw him at a conf. recently and said he wasn't looking good. I think he is recovering from pancreatric cancer but may be wrong about that. Still, doesn't have anything to do with why he wasn't on the call, his...

Looks like they will have to add a slew of tech stocks to the no short list too.

wheel barrow

Sell off overdone, bot 500 at 149.30 will be looking to unload in the $152-55 range in the AM.

So I guess you guys are not big believers in this latest ramp? Was it just option week cashing in by put sellers? Looks like we will know by Tuesday or Wednesday, most indicies are sitting right at the downtrend line and we are getting close to over bought levels, will we break out with enough...

While OSTK isn't one of the securities you are referring to I am sure Fly can point you to the reference where Patrick Byrne and his father bought a few million shares that they were unable to get delivery of long past the three day settlement period. If it can happen in OSTK and other stock no...

Most current Wall Street firms would fit right in over there though not sure they could handle the level of competition from the natives.

So what if an MM sell 1000s of puts, now he can short the stock to his heart's content, limited only by the number of puts he can sell. I understand a legitimate MM's need to hedge but where is the check on the MM who is using this exemption to effectively naked short the stock. If he never has...