1 posted on
03/05/2009 8:20:10 AM PST by
Dallas59
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To: Dallas59
But I thought the crisis was over because Bambi told all of us sheeple to buy stocks, and the market went up yesterday??
2 posted on
03/05/2009 8:22:01 AM PST by
Uncle Ike
(At some point, government has to be the next bubble to burst. (H/T Freeper This_far))
To: Dallas59
P/E= Profits to earnings,right?
Our leader is so smart....
To: Dallas59
Hang on.
4 posted on
03/05/2009 8:23:34 AM PST by
OB1kNOb
(Economists predicting a quick recovery are like the band that continued playing on the Titanic.)
To: Dallas59
The audacity of Emperor Palpatine's comment yesterday about the stock market, likening it to the whims of frivolous political polls, serves to fully expose how completely out-of-touch this Marxist is with America and Americans.
When you think about it, it was a truly stunning comment.
It means he's either completely ignorant, or completely evil.
6 posted on
03/05/2009 8:24:36 AM PST by
Zeddicus
To: Dallas59
Dear Glorious Fcktard,
Resign now while you still can. Tar & feathers are coming.
Signed,
One Pissed off Citizen.
7 posted on
03/05/2009 8:24:40 AM PST by
Big Guy and Rusty 99
(If Benito Mussolini was IL DUCE, Barack Obama is ILL DOUCHE!)
To: Dallas59
"Daily Gyrations":
To: Dallas59
Everything is going according to plan.
To: Dallas59
Currenty gyrating around -200. I guess that takes care of yesterday’s +150 gyration.
10 posted on
03/05/2009 8:25:27 AM PST by
Homer_J_Simpson
("Every nation has the government that it deserves." - Joseph de Maistre (1753-1821))
To: Dallas59
Barack’s problem is that his ‘gyrations’ only gyrate in one direction - down.
11 posted on
03/05/2009 8:25:55 AM PST by
reagan_fanatic
(Let the 2nd American Revolution begin!)
To: Dallas59
Kicking self for not selling yesterday afternoon while the dead cat was still bouncing upwards.
14 posted on
03/05/2009 8:26:37 AM PST by
KarlInOhio
(Obama: removing the speed limit on the Road to Serfdom)
To: Dallas59
A word of caution. First I am really pissed about the market my retirement savings had been so so they finally went to really suck since Obama.
But unless Obama holds us down in a depression (possible) the market will recover somewhat at some point. This recovery will be weaker because of Obama but he and the media will be singing his praises just because we will have climbed out of the hole he dug.
Conservatives have to educate the electorate to understand things will be worse than they should be, even when some uptick comes along.
If it comes along.
15 posted on
03/05/2009 8:26:45 AM PST by
Williams
(It's The Policies, Stupid.)
To: Dallas59
No big deal. Just shaking out the weak hands. </sarc>
16 posted on
03/05/2009 8:27:01 AM PST by
Crawdad
(If you're in a fair fight, your tactics suck.)
To: Dallas59
Thank you, thank you.
To: Dallas59
18 posted on
03/05/2009 8:27:11 AM PST by
Oldeconomybuyer
(The democRATS are near the tipping point.)
To: Dallas59
Gyrations? The markets have been in a freefall since the marxist became the frontrunner.
22 posted on
03/05/2009 8:27:56 AM PST by
pissant
(THE Conservative party: www.falconparty.com)
To: Dallas59
"Remain calm, all is well!"
24 posted on
03/05/2009 8:29:01 AM PST by
dfwgator
(1996 2006 2008 - Good Things Come in Threes)
To: Dallas59
It seems like things are really starting to accelerate - the S&P is down almost 3.5%. Did you see Denninger's latest post? Here's a good snippet:
The combined percent of loans past due and in foreclosure jumped to a seasonally adjusted 11.18%, the highest since the MBA began keeping records in 1972. Normal default rates for prime mortgage paper is well under 1%, even in difficult economic times. So how did we wind up with a failure rate of ten times the norm spread across the entirety of all outstanding mortgages? Remember, this is far worse than it looks. The median "holding time" for a home loan is around 7 years, so this means that about half of the mortgages written were done before the boom occurred; those are presumed safe, as there is sufficient equity that even if you lost your job you can sell for more than the outstanding balance on the note. So this means that approximately one in five mortgages written in the last seven years are either not being paid or in foreclosure.
ONE IN FIVE! With 1 out of 5 notes going back and average recovery (per HUD) being around 50 cents at best, you're talking about losses of ten percent of the total amount financed over the last seven years!
These are absolutely colossal numbers and there is no possible way for the government to backstop or "print" its way out of it. It cannot be done and if our government doesn't cut their crap out the market, which has sussed out the truth, is going to continue to pummel everyone who has any sort of debt, presuming that all debt was underwritten with similarly crappy documentation and performance characteristics.
Market Ticker
29 posted on
03/05/2009 8:30:05 AM PST by
semantic
To: Dallas59
This drop makes the stocks' profit earnings ratio even more inviting!
30 posted on
03/05/2009 8:30:14 AM PST by
Plutarch
To: Dallas59
Did Biden open his big mouth this time?
31 posted on
03/05/2009 8:30:18 AM PST by
MaxMax
(RINO=RAT!)
To: Dallas59
33 posted on
03/05/2009 8:31:32 AM PST by
Dallas59
("You know the one with the big ears? He might be yours, but he ain't my president.")
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