Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Off-Topic Post, Non Stock Talk » Dow Sinks 226 on Mortgage Market Worries (Page 1)

 - UBBFriend: Email this page to someone!   This topic comprises 9 pages: 1  2  3  4  5  6  7  8  9   
Author Topic: Dow Sinks 226 on Mortgage Market Worries
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
I putting my chips on RED for a bit

--------------------
"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
today was just a brief dead-cat bounce..IMO

--------------------
"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
it's really hard to tell ain't it...

more bad news on housing today

Top 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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
Looks like another digger

[Eek!]

--------------------
"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
The Bigfoot
Member


Member Rated:
4
Icon 1 posted      Profile for The Bigfoot     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
THE HORROR!!!!! dow down 271 nasd 67..... [Eek!]

--------------------
"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
ahhh yes the breakers....not sure

was it a number or a %?

--------------------
"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
turbokid
Member


Rate Member
Icon 1 posted      Profile for turbokid     Send New Private Message       Edit/Delete Post   Reply With Quote 
http://en.wikipedia.org/wiki/Trading_curb

--------------------
"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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 12 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by rimasco:
I putting my chips on RED for a bit

[Wink]

--------------------
"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
hedfe
Member


Rate Member
Icon 1 posted      Profile for hedfe     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
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.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
turbokid
Member


Rate Member
Icon 1 posted      Profile for turbokid     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
dead-cat bounce

--------------------
"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
Looks like they might erase yesterdays DCB

--------------------
"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
Persia
Member


Rate Member
Icon 1 posted      Profile for Persia     Send New Private Message       Edit/Delete Post   Reply With Quote 
God damn.
Getting hammered.

Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
i'm not even gonna watch Kudlow get on and make excuses and lie today [Big Grin]

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.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
Member


Icon 1 posted      Profile for IMAKEMONEY     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
My charts say we drop through 12000 and stay there for almost a year.......... [Eek!]

--------------------
"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
The Bigfoot
Member


Member Rated:
4
Icon 1 posted      Profile for The Bigfoot     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
ummmmmmmmm NOT GOOD

--------------------
"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
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  |  IP: Logged | Report this post to a Moderator
rimasco
Member


Icon 1 posted      Profile for rimasco     Send New Private Message       Edit/Delete Post   Reply With Quote 
LMAO!!!! HOLY HEAD-FAKES BATMAN!

--------------------
"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
  This topic comprises 9 pages: 1  2  3  4  5  6  7  8  9   

Quick Reply
Message:

HTML is enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share