I read on trim tab that the incidence of people not paying their mortgage is so high now that it translates to a 2% increase in income. No wonder...
Only 6 million, thank goodness, relief rally on the news :) Seriously though, all it means is that there will be more intervention from the gov...
Isn't this system just a variant of Market Delta?
But JPM said we were going to get a V shaped recovery, that there would be no new normal? Didn't the folks at Toyota get that memo? :D
Just means consumers now have more available credit to access. This message brought to you by More Cash on the Sidelines :)
I'll short Larry, Bill, and Maevis. Having a great day today, went short Robert last week and he had a heart attack today due to the weekend...
Would love to get a % definition of these famous tight stops that magically keep one riding the trend.
Sounds exactly like a lie crafted to play to a jingoistic American audience. It doesn't even make sense given that Northern Rock had its crisis in...
You are right, I should have added all to the ultimate benefit of the biggest player on the street who are suffering from too much competition...
Certainly. Just requiring all financial instruments and transactions to be exchange traded on exchanges open to all and with anti trust...
You ain't seen nothing yet! If anything, the Obama administration has been incredibly pro market while the crisis ensued essentially keeping Wall...
I think there was a lot of short covering going on as people didn't know why the financials were ramping. Now that the impetus is being reported...
Apparently financials are up because of this: http://www.bloomberg.com/apps/news?pid=20601103&sid=aFNf069LD54g or rather comments they made...
Its working, welfare recipient AIG up 40% today :)
I smell a new gov program in the air. Look at BAC and C, the REITs, regional banks. Somethings cooking, maybe to be announced before or after...
OK so how do you make money off that? Short regional banks (due to their larger exposure than money centers banks and IBs) and REITS. And yet...
Persistent mismatch in asset prices that will stifle economic activity and credit for years. Tax structure that will increasingly impede recovery.
Fair point and the main reason is that I have found that SRS is easier to day trade than IYR, at least for me. My strategy is to try (obvioulsy it...
http://www.bloomberg.com/apps/news?pid=20601079&sid=ao1nl65ja.lE
Very Orwellian! Wouldn't it have been smarter to have a PAC or 501 org deal with a political strategy of this nature than the White House? The...
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