Author
Topic: Dow Sinks 226 on Mortgage Market Worries
rimasco
Member
posted July 24, 2007 23:58
I putting my chips on RED for a bit -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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glassman
Member
posted July 25, 2007 10:16
my "gut" has been saying that for awhile rim, but we've made about 500 points since i got the first signs of heartburn... i think so many of the heavy hitters REALLY have been "hedging" that when they are being forced to cover their short positions it's helping the DOW (for now)... -------------------- Don't envy the happiness of those who live in a fool's paradise.
Posts: 36378 | From: USA | Registered: Sep 2003
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rimasco
Member
posted July 25, 2007 13:03
Its looks like the short covering has covered up and new positions are being established -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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rimasco
Member
posted July 25, 2007 13:31
today was just a brief dead-cat bounce..IMO -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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glassman
Member
posted July 25, 2007 13:36
it's really hard to tell ain't it... more bad news on housing todayTop Lender Sees Mortgage Woes for ‘Good’ Risks By VIKAS BAJAJ Published: July 25, 2007 Countrywide Financial, the nation’s largest mortgage lender, said yesterday that more borrowers with good credit were falling behind on their loans and that the housing market might not begin recovering until 2009 because of a decline in house prices that goes beyond anything experienced in decades. http://www.nytimes.com/2007/07/25/business/25lend.html?hp and it's gonna get alot worse IMO before it gets better... i'm starting to see long lines (and more often) at the "coin counting machines" at the grocery store... that's a real bad sign... we have the "ethanol economy" starting to really kick in at the consumer level. also? i spent some time at a BIG reservoir this month, the number of boaters was way down.. especially waterskiers .. too 'spensive to fill the tank? which is good IMO..i fish... -------------------- Don't envy the happiness of those who live in a fool's paradise.
Posts: 36378 | From: USA | Registered: Sep 2003
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rimasco
Member
posted July 25, 2007 15:06
I seen the same thing out in the hamptons.... not to many boaters -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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rimasco
Member
posted July 26, 2007 09:30
Looks like another digger -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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The Bigfoot
Member
Member Rated :
posted July 26, 2007 10:47
Hoping Fed will cut rates a little to try and pick up the market a bit next year. The wife is tired of the downtown scene and wants a yard. -------------------- No longer eligible for government service due to lack of tax issues.
Posts: 5178 | From: Up North | Registered: Dec 2005
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rimasco
Member
posted July 26, 2007 12:38
THE HORROR!!!!! dow down 271 nasd 67..... -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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glassman
Member
posted July 26, 2007 14:10
when do the circuit breakers pop? it's been awhile since we talked about that... DOW down 330 now -------------------- Don't envy the happiness of those who live in a fool's paradise.
Posts: 36378 | From: USA | Registered: Sep 2003
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rimasco
Member
posted July 26, 2007 15:14
ahhh yes the breakers....not sure was it a number or a %? -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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rimasco
Member
posted July 27, 2007 11:22
Damm..... I knew it was 10%....i should just went with my gut -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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rimasco
Member
posted July 27, 2007 16:12
quote: Originally posted by rimasco: I putting my chips on RED for a bit -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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hedfe
Member
Rate Member
posted July 27, 2007 16:24
three days out of five this week where dow closes down at least 200 points, anyone know the last time thats happened lol
Posts: 550 | From: MI | Registered: Nov 2005
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glassman
Member
posted July 27, 2007 16:36
quote: Originally posted by rimasco: Damm..... I knew it was 10%....i should just went with my gut that would be a bloodbath... 13?0 points in one day.... we'd be seeing this: -------------------- Don't envy the happiness of those who live in a fool's paradise.
Posts: 36378 | From: USA | Registered: Sep 2003
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rimasco
Member
posted July 27, 2007 17:29
I seen this maybe 4 times over the last 10 years I dont consider the market "healthy" when its overvauled. I think the DJI belongs between 10 and 11k. I think the NASD is only slightly overvalued by maybe 4% -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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glassman
Member
posted July 27, 2007 17:37
at best? it should not be growing above 8% a year.... -------------------- Don't envy the happiness of those who live in a fool's paradise.
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turbokid
Member
Rate Member
posted July 30, 2007 04:25
interestingly enough all precious metals were down during the day as well. i think the only thing up was investors tempers and Apple.. lol -------------------- "Gentleman, you have come sixty days too late. The depression is over." Herbert Hoover 1930
Posts: 678 | From: currently in hiding due to investigation | Registered: Oct 2004
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rimasco
Member
posted July 30, 2007 14:27
dead-cat bounce -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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glassman
Member
posted July 30, 2007 15:16
i agree... i can't beleive how the MSNBC crew is trying so hard to convince everybody the sky ain't falling... they sound a little nervous to me... last Fri? Cramer said buy Kellogs cuz the price of corn is gonna go down.. he obviously hasn't been talking to farmers -------------------- Don't envy the happiness of those who live in a fool's paradise.
Posts: 36378 | From: USA | Registered: Sep 2003
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rimasco
Member
posted July 30, 2007 16:14
I wouldnt be surprised if we bounce a little more this week. The MM's are going to suck investors in and get out of some more stock. Then......CRACK, BOOM, SMACK!!!! -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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glassman
Member
posted July 30, 2007 16:16
Kudlow is making me wanna puke rightnow.... these guys are in lalaland... they have no clue how the govt figures don't reflect reality any more... -------------------- Don't envy the happiness of those who live in a fool's paradise.
Posts: 36378 | From: USA | Registered: Sep 2003
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rimasco
Member
posted July 30, 2007 16:29
Those guys just run on whatever the market did for the day....imo you'll be hearing a totally different tune on the next reversal -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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rimasco
Member
posted July 31, 2007 14:42
Looks like they might erase yesterdays DCB -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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rimasco
Member
posted July 31, 2007 16:07
On high volume to...... NYSE Volume 4,199,527,000 Nasdaq Volume 2,669,853,000 -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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glassman
Member
posted July 31, 2007 17:16
i'm not even gonna watch Kudlow get on and make excuses and lie today my charting says we drop thru 13000 and stay there for a month..... -------------------- Don't envy the happiness of those who live in a fool's paradise.
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IMAKEMONEY
Member
posted July 31, 2007 19:20
YEP, I AGREE GLASS. -------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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rimasco
Member
posted August 01, 2007 09:26
My charts say we drop through 12000 and stay there for almost a year.......... -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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The Bigfoot
Member
Member Rated :
posted August 01, 2007 14:07
My charting says it's time to have a beer and watch some baseball. Looks like the Dow is determined to close positive today even if it only by a point or two. Two hours to go.
Posts: 5178 | From: Up North | Registered: Dec 2005
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rimasco
Member
posted August 01, 2007 14:17
Market needs a SHREAD of good news... seems to be whats gotten it this far... shreads -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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rimasco
Member
posted August 01, 2007 15:11
ummmmmmmmm NOT GOOD -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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rimasco
Member
posted August 01, 2007 15:12
Maybe a withdrawl from Iraq and saving the country a couple o hundred billion would send the markets north? -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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rimasco
Member
posted August 01, 2007 16:02
LMAO!!!! HOLY HEAD-FAKES BATMAN! -------------------- "Simplicity is the ultimate sophistication"
Posts: 4005 | From: Shaolin | Registered: Oct 2005
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