Perfect! Glad to hear it. I wanted to see some shoes drop but not these two. Good move by the Fed IMO.
FNM & FRE are saved
- Thread starter Bowgett
- Start date
Again, common sense left America some time ago. We're going to have to pay for the dumbing of America, and the politicians that the dumb have ALLOWED into office. I truly wonder if this Country is no longer smart enough to be ALLOWED to vote. With the average attention span being that of a super bowl commercial, I wonder what lies ahead...
Common sense left, followed by manufacturing, useful jobs, companies/money/assets, etc.
Who cares if people are smart enough to vote, look at the garbage that we have to choose from. Politicians don't even keep their promises once they are elected anyway - voting is overrated nowadays.
I think the Fed and Bernanke (following Greenspan) have done US Markets great wonders.
But the longer term picture remains muddy and the house SHOULD be put in order - SOON.
That being said. . .what I find interesting is that the again timely (first the rumor as fear was being incited, Friday - then the denial that FRE and FNM were not well-enuf capitalized), 6:00 pm futures open to announce this, move THIS TIME SO FAR has failed to incite a huge rally as Fed "shenanigans" to move markets in the recent past have.
At least the Stock Market is reacting appropriately again - after the "perma-bull" phase. So now we can still hope for a near-term capitulation. . .instead of another 6 mo to year <i>slowwwwww</i> death - and get on with the forward-looking picture regarding US. stocks!!
paysense
But the longer term picture remains muddy and the house SHOULD be put in order - SOON.
That being said. . .what I find interesting is that the again timely (first the rumor as fear was being incited, Friday - then the denial that FRE and FNM were not well-enuf capitalized), 6:00 pm futures open to announce this, move THIS TIME SO FAR has failed to incite a huge rally as Fed "shenanigans" to move markets in the recent past have.
At least the Stock Market is reacting appropriately again - after the "perma-bull" phase. So now we can still hope for a near-term capitulation. . .instead of another 6 mo to year <i>slowwwwww</i> death - and get on with the forward-looking picture regarding US. stocks!!
paysense
Monday markets gonna rock hard to the upside? Most likely. Catalyst..
Never underestimate the capability of American people.
Look what they managed to do. Pulled down American pillars of housing FRE and FNM and the temple on their heads.
They simply stopped buying real estate and everything collapsed around and top of them. Someday we all would be all living in tents like 3rd world refugees baking cowdung patties for lunch.