Comments on: Fed’s Rate Moves Fail to Spur Home Buying

By: Mike in Nola

Mike in Nola — Fri, 19 Dec 2008 08:32:52 +0000

Well, at least the mortgage brokers who helped to bring us this mess are making out like bandits.

Nothing like using taxpayer money to subsidize the miscreants AGAIN.

By: Mark E Hoffer

Mark E Hoffer — Fri, 19 Dec 2008 02:28:24 +0000

lb,

w/ this: “. This bear market will not be over until we have seen a LOT more pain and anguish. October was just the opener. People lost their play money, the next round will be far more serious. I think it is Mark who has a $100 target on GOOG, but that’s just an example of how many bloated valuations remain in this market.

Multiple contraction, baby… ”

yes, double-digit GOOG quotes will be the new Black..and this: “that’s just an example of how many bloated valuations remain in this market.”–is spot on..
~~
babycondor Says: December 18th, 2008 at 2:40 pm

bc,

wally, above, tells you right. as well, remember there, really, is no such thing as ‘holding’–Everyday poses you a question: Do you Buy, or do you Sell. If you own it, and do not Sell, you are, in fact, Buying it again at that day’s price. LSS: there’s always an Opportunity. there’s always a Cost. and, there’s always an Opportunity Cost.

you should 2x-check that U$D 30 000 #, if that’s your current value, you should realize that ‘Mr. Market’ could take a 1/4 of that, in a hurry..while you’re at, take a peek around the ol’ domicile and see what you don’t have, that you couldn’t, readily, make–then feed that intel into your ‘Holding Losses’ Opportunity Cost model..

IOW, having the Patience of Job is no gaurantee you’ll get paid like you have one..

By: Winston Munn

Winston Munn — Thu, 18 Dec 2008 23:45:37 +0000

I wouldn’t rush to judgement on the bond market – as long as money supply is not contracted banks have a built-in risk-free gambit. Banks will continue to borrow from the Fed at the discount rate and buy as many treasuries as they can for as long as they can.

The new business model: borrow short, buy long.

By: Pat G.

Pat G. — Thu, 18 Dec 2008 23:09:01 +0000

Okay, okay. Please no more rate cuts, I can’t take any more devaluation in my dollar. I’ll mend my ways and buy a f**king house. NOT!!

By: vaughn

vaughn — Thu, 18 Dec 2008 21:23:34 +0000

how’s this?
http://tinyurl.com/44dvzp

Ben thought the Japanese had the right QE idea, he just thought that they didn’t respond fast/aggressively enough.
Goddamnit! Can’t we just TRY to have a non-bubble economy? Every mile we kick the can down the road the can just gets bigger and the road longer.

By: ottovbvs

ottovbvs — Thu, 18 Dec 2008 21:13:33 +0000

What’s wrong with a rash of refinancings? They are either stemming foreclosures when people switch from AR’s to FR’s, and/or they are reducing payments thus freeing up income to be spent on goodies or groceries. New home sales are much more tied to the general health of the economy from trading up or job transfers. Interest rates are only going to have a marginal impact here.

By: batmando

batmando — Thu, 18 Dec 2008 20:50:15 +0000

vaughn
link doesn’t work
try making it a tinyurl (@ http://www.tinyurl.com)

By: vaughn

vaughn — Thu, 18 Dec 2008 20:46:01 +0000

anybody care to explain this little chart of horrors?
http://finance.yahoo.com/charts?s=%5ETNX#chart1:symbol=^tnx;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

How big is the float on the 10 year? How easily could Ben manipulate this?

WTF!?

By: leftback

leftback — Thu, 18 Dec 2008 20:40:27 +0000

@ bat:

May have a pop at something in this group: AUY, PAAS, PBR, DIG, UCO, CCJ, UEC here.
Not going all in, just adding on from my cash position. Core positions GDX COP VLO.

By: Mannwich

Mannwich — Thu, 18 Dec 2008 20:29:42 +0000

Santa not looking too confident these days. Don’t leave Santa, don’t leave!! It’s not 12/25 yet!