Posted on 03/13/2007 7:33:47 PM PDT by TigerLikesRooster
If this doesn't drive down the price of gasoline, nothing will.
"Weather-related". Uh huh. That's it.
Maybe it is reaction of our stocks going nuts today
All your house are belong to us!
When the Japanese economy started REALLY tanking, the rose-tinted glasses set trundled out excuses like, "It's WEATHER RELATED..."
All kinds of crazy stuff like that.
One time a famous model got married to a famous Sumo wrestler. They said, "this will send the stock market north for sure..."
Yeah, sure...
Someone set us up the loan! Reset zig! Make your time.
The current spike up in gasoline prices has much to do with refineries switching over production to spring/summer blends.
Stocks to watch/short
CFC
HBAN
WM
LEND
NDE
I'm not a player. I have 2 401k accounts. I can move money in and out of my accounts at will.
Today, I pulled back from my equities by 15% and moved it into bonds. I'm a coward. I made like 30k on my international equities from 2005 to 07...but this latest drops..I'll live with the safety margin. I'll move another 300k if it goes recession.
LOL!
All Your House Are Belong To Us
I'm sure it'll just be another reason for gas prices to go up instead.
Interesting. Gold is behaving more like stock, the dollar falls and yet the yield on US Treasuries decreases due to higher demand, with all three being attributed to the same event. It's peculiar behavior for a "flight to safety."
I am a mortgage broker in Michigan and do quite a few subprime mortgages. I can see the lenders doing a few things to tighten up new originations:
-Higher FICO scores
-Cash down versus no money down 100% loans
-Lower LTV loans
-Lower DTI ratios
-Elimination of stated income and limiting cash out loans in deteriorating markets....ie Michigan
This is certainly something Jenny Granholm cant solve.....but you can bet your bootstraps that the Dems will try to make this a centerpiece of the next election cycle.
Is it because it is viewed as a "safe haven" or you think we are getting closer to a full blown correction and everyone selling their stocks will also move into bonds. You are betting that the increased demand for bonds will drive up the price of bonds and plan to sell at the bottom of the correction?
Wells Fargo
Bank of America
JP Morgan (chase has a massive subprime and Alt-A portfolio)
All of them are just as big of targets. But I would say the companies that are non-banks are going to get hit the hardest like Countrywide. The banks with retail banking, credit card businesses, etc... They will survive. But companies like Countrywide.....THey are in big trouble. Check out the insider selling at countrywide the past year. You think the execs knew the party was coming to an end?
I moved 15% of my pathetic portfolio into guaranteed bonds. I don't think the world is coming to an end. I won't need my 401k for 20 years or so. I moved it because I believe that the Chinese adjustment is coming due. I think that when the chicom's bad paper hits completely, it's going to tank my 401k by about 10%. So I put 15% into guaranteed performing bonds and I'm sitting on a bunch of bad chinese paper.
Shrug.
Yeah, it could be a way of covering up latent anxiety.
Not sure what you mean here. Are you referring to the Chinese stock market crash probably caused by the unraveling of the Yen carry trade?
I'm sitting on a bunch of bad chinese paper.
bad chinese paper = Chinese stock certificates? Or are you referring to bad business/investment loans in China? If so, how did you buy those in your 401(k) plan?
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