How can this put a floor on housing? There are still plenty of subprime and Alt-A foreclosures in the pipe. This will not fix those.
Also, unless they go back to liar loans and 0% down, lending requirements should tighten.
FNM and FRE bailout bullish or bearish
- Thread starter jlie
- Start date
How can this put a floor on housing? There are still plenty of subprime and Alt-A foreclosures in the pipe. This will not fix those.
Also, unless they go back to liar loans and 0% down, lending requirements should tighten.
imho the market will go up for 3 days (net at the end of the day especially on weds because of the margin calls. then late trading weds ike will come into focus and we go down thurs will the housing numbers and if ike is going to the rigs.
of course let the market decide whats going to happen.
of course let the market decide whats going to happen.
Trendy, you sheeple...
Read this sentence generously provided by fellow astute ET'er, Eliot Hosewater.
When credit tightens, "things" don't sell, real estate included. If things don't sell, growth goes away, deflation occurs.
Here's a couple of so-so links... be sure to notice the dates. (search results NOT provided by Google)
http://www.businessweek.com/investor/content/jul2003/pi20030714_2431_pi031.htm
http://www.minyanville.com/articles/index.php?a=17804
http://www.pimco.com/LeftNav/Featur...t+Outlook+Bill+Gross+Mooooooo+August+2008.htm
Osorico
Futures/Markets are up pre market on the bail out news. Not sure if this is a fade off the open tomorrow or a reverse of the selling we had last week.
IKE is heading for the gulf, more likely to hit the Lower, southrn Tip of Texas/Mexico. The Brownsville/South Padrea area.
Oil could pop with OPEC talking of cuts and IKE coming into the Gulf. Most Oil Platforms in the Gulf are still "OFF LINE".
However, IMHO, SOUTH PADREA island is the where this one is heading.
IKE is heading for the gulf, more likely to hit the Lower, southrn Tip of Texas/Mexico. The Brownsville/South Padrea area.
Oil could pop with OPEC talking of cuts and IKE coming into the Gulf. Most Oil Platforms in the Gulf are still "OFF LINE".
However, IMHO, SOUTH PADREA island is the where this one is heading.
Basically the CNBC World Analyst was saying that this action will bring the credit spreads in tighter so they become more normalized. The result would be an 'unfreezing' of the current mortgage market environment. Although buyers are starting to come into the market at these discounted prices, no one can qualify. This move, SUPPOSEDLY, would greatly help new home buyers, pathing the way to a bottom.
Were you and Joe Biden in plagiarism class together?
http://www.minyanville.com/articles/index.php?a=17804
P.S. the issue was whether the sole act of bailing out FRE and FNM will be inflationary or deflationary. There is no way increasing the money supply by 200B is deflationary. Have you looked at oil and gold today both up nearly 2%. That's deflationary to you?
Actually, no plagerism. I don't read minyanville. I admit I must have heard or read it somewhere, and it was simplistic enough for even sheeple like you to understand, and I kept it. Unfortunately, YOU are not the only sheeple I speak to. And fortunately, you are not the only sheeple I can fleece via trading.
Back to the books for you.
Osorico
Why do threads always get hijacked by the trolls? I'm re-instating the original question.
I think that this will be FUCKING bullish. What is the bear case after this? The housing stocks have bottomed. New credit is going to be created very soon. We have the xly testing the 200p ma. We are in an election year, with a negative real federal funds rate. The bond market is overbought like never before, which attracted huge US dollar inflows.
Short interest is off the charts.
This market is about to fucking blow off.