Comments on: Economic/Market Highlights 11/22-11/29…”Whack a Mole”

By: tampagurl

tampagurl — Mon, 01 Dec 2008 02:10:31 +0000

By themselves, low interest rates hurt nothing

I understand that. That’s why I said contributed to the problem.

I just think if the rates had not been so low, maybe people wouldn’t have been so temped to refinance and take mortgage baked credit cards.

By: workingclass artist

workingclass artist — Mon, 01 Dec 2008 02:02:13 +0000

Yeah…Dickens feature it in Nickelby…It’s an old problem…right up there with gambling with loaded dice…

By: Kal

Kal — Mon, 01 Dec 2008 01:15:18 +0000

By themselves, low interest rates hurt nothing — the US had them for quite a long time in the 1950s-60s. Its the loose regs re downpayments, appraised value, and debt:income and debt:FMV ratios that seems to have had such destructive effect. I do know that people previously thought unmortgagable (sp?) were rolling credit card debts, other debts, etc., into ever-larger mortgages at a time when property values did not seem to be going up that much.

By: Ron

Ron — Mon, 01 Dec 2008 01:11:58 +0000

Despite the rally over the past 5 trading days, the market is still oversold and due for a bigger rally. We might get a Santa rally later this week with a surge of about 20%, according to the buzz on the Street. Black Friday sales were much higher than expected, and increase of 3% over last year. Normally there’s an average increase of about 4% but last year, sales were up about 8.5% but this time we’re up 3% more or 11.5% above December, 2006.

This rally is often referred to as a bear market rally which can be perilous for the casual investor. The thing is, this rally just might be different and have legs since investors are buying into the rally instead of selling.

There’s no doubt there will be gruesome economic data coming out but despite the doom and gloom, there will be a rally anyway representing a disconnect with the state of the economy. It has happened before this way so there isn’t anything particularly unusual about it.

By: benny

benny — Sun, 30 Nov 2008 23:20:07 +0000

national lampoon have done an amazing job. lol

By: tampagurl

tampagurl — Sun, 30 Nov 2008 23:11:57 +0000

I loved the video benny and it was spot on. LOL

By: tampagurl

tampagurl — Sun, 30 Nov 2008 22:56:06 +0000

Bill, do you not think the low interest rates contributed in the financial crisis as well?

By: tampagurl

tampagurl — Sun, 30 Nov 2008 22:42:39 +0000

That was interesting. Is it any wonder why Companies want to take production lines out of the U.S.

By: benny

benny — Sun, 30 Nov 2008 22:36:19 +0000

The Finanacial bailout according to National Lampoons Animal House

http://www.youtube.com/watch?v=rV5CLsHBzMc&eurl

http://www.youtube.com/watch?v=pRB0JKlK8c0&eurl

If you haven’t seen it, do so. And you’ll be laughing all the way.

By: tampagurl

tampagurl — Sun, 30 Nov 2008 22:35:14 +0000

absolutely standard, but this has been going on forever. I read an article once about tulip bulb speculation in the 50’s. It seems a good number of people lost their life savings speculating on them.

By: Bill Dupray

Bill Dupray — Sun, 30 Nov 2008 22:30:14 +0000

Silver Bullets: Legislation Pending in the House to Kill Fannie and Freddie and the CRA

http://patriotroom.com/silver-bullets-legislation-pending-in-the-house-to-kill-fannie-and-freddie-and-the-cra/

By: tampagurl

tampagurl — Sun, 30 Nov 2008 22:23:58 +0000

LOL, indeed it is!

By: workingclass artist

workingclass artist — Sun, 30 Nov 2008 22:20:49 +0000

lol…troll spanking is a temptation…no?

By: tampagurl

tampagurl — Sun, 30 Nov 2008 22:09:00 +0000

I can’t wait to tune in. I wanted to catch it last week but I was in a tit for tat with a bot, appropriately named detractor.

By: standard

standard — Sun, 30 Nov 2008 22:04:59 +0000

The problem is not perception. It is SECRECY, and too many
people bending the rules for personal gain.

We need to demand transparency.