Comments on: Economic/Market Highlights 11/22-11/29…”Whack a Mole” http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/ Sun, 08 Nov 2009 10:38:31 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: tampagurl http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1069271 tampagurl Mon, 01 Dec 2008 02:10:31 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1069271 <blockquote>By themselves, low interest rates hurt nothing</blockquote> 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 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 http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1069251 workingclass artist Mon, 01 Dec 2008 02:02:13 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1069251 Yeah...Dickens feature it in Nickelby...It's an old problem...right up there with gambling with loaded dice... Yeah…Dickens feature it in Nickelby…It’s an old problem…right up there with gambling with loaded dice…

]]> By: Kal http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1069161 Kal Mon, 01 Dec 2008 01:15:18 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1069161 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 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 http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1069159 Ron Mon, 01 Dec 2008 01:11:58 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1069159 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. 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 http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068955 benny Sun, 30 Nov 2008 23:20:07 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068955 national lampoon have done an amazing job. lol national lampoon have done an amazing job. lol

]]> By: tampagurl http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068939 tampagurl Sun, 30 Nov 2008 23:11:57 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068939 I loved the video benny and it was spot on. LOL I loved the video benny and it was spot on. LOL

]]> By: tampagurl http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068921 tampagurl Sun, 30 Nov 2008 22:56:06 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068921 Bill, do you not think the low interest rates contributed in the financial crisis as well? Bill, do you not think the low interest rates contributed in the financial crisis as well?

]]> By: tampagurl http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068899 tampagurl Sun, 30 Nov 2008 22:42:39 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068899 That was interesting. Is it any wonder why Companies want to take production lines out of the U.S. That was interesting. Is it any wonder why Companies want to take production lines out of the U.S.

]]> By: benny http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068884 benny Sun, 30 Nov 2008 22:36:19 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068884 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. 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 http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068878 tampagurl Sun, 30 Nov 2008 22:35:14 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068878 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. 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 http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068868 Bill Dupray Sun, 30 Nov 2008 22:30:14 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068868 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/ 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 http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068854 tampagurl Sun, 30 Nov 2008 22:23:58 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068854 LOL, indeed it is! LOL, indeed it is!

]]> By: workingclass artist http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068845 workingclass artist Sun, 30 Nov 2008 22:20:49 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068845 lol...troll spanking is a temptation...no? lol…troll spanking is a temptation…no?

]]> By: tampagurl http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068831 tampagurl Sun, 30 Nov 2008 22:09:00 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068831 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. 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 http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068824 standard Sun, 30 Nov 2008 22:04:59 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068824 The problem is not perception. It is SECRECY, and too many people bending the rules for personal gain. We need to demand transparency. The problem is not perception. It is SECRECY, and too many
people bending the rules for personal gain.

We need to demand transparency.

]]> By: standard http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068823 standard Sun, 30 Nov 2008 22:02:54 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068823 We need to lobby for TRANSPARENCY. Hedge Funds and shorting are wrecking the market. When Hedge Funds flock to a stock, they kill it off. If you purchase that stock and do not know that it is about to be shorted to oblivion, you are screwed. We need to know WHO ELSE owns that particular stock, and their history in the market. Trust me, you do not want to buy in with a pack of short sellers. And shorting is legal once again. You don't think it's just coincidence that the market went way up just before Thanksgiving, do you? No more mystery on Wall Street. We need to lobby for TRANSPARENCY.
Hedge Funds and shorting are wrecking the market.

When Hedge Funds flock to a stock, they kill it off.
If you purchase that stock and do not know that
it is about to be shorted to oblivion, you are screwed.

We need to know WHO ELSE owns that particular
stock, and their history in the market.

Trust me, you do not want to buy in with a pack of
short sellers. And shorting is legal once again.

You don’t think it’s just coincidence that the market
went way up just before Thanksgiving, do you?

No more mystery on Wall Street.

]]> By: xax http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068743 xax Sun, 30 Nov 2008 21:25:16 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068743 It all looks like funny money to me. It all looks like funny money to me.

]]> By: Kal http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068714 Kal Sun, 30 Nov 2008 21:13:21 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068714 So shouldn't the feds be suspending short selling again for awhile? So shouldn’t the feds be suspending short selling again for awhile?

]]> By: ScottVA http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068700 ScottVA Sun, 30 Nov 2008 21:09:10 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068700 As an investment banker I would say that the gloom and doom needs to stop! I realize that there are still some problems to work out, but if we have people constantly preying on the bad news we'll never get this market on the road to recovery! This will be forever a pattern unless we find the bottom in this market and decide enough is enough and work ourselves on a steady pace in an upward direction.... a lot of what goes on in the market with irratic movements is because of very irratic behavior! On top of that, we have funds and high worth individuals playing games shorting the market to make big profits... The markets fundamentals will never correct themselves (at this rate) unless we can turn perception around.... believe me there are some outstanding opportunities out there RIGHT NOW....I know I've captialized on several of them! As an investment banker I would say that the gloom and doom needs to stop! I realize that there are still some problems to work out, but if we have people constantly preying on the bad news we’ll never get this market on the road to recovery! This will be forever a pattern unless we find the bottom in this market and decide enough is enough and work ourselves on a steady pace in an upward direction…. a lot of what goes on in the market with irratic movements is because of very irratic behavior! On top of that, we have funds and high worth individuals playing games shorting the market to make big profits… The markets fundamentals will never correct themselves (at this rate) unless we can turn perception around…. believe me there are some outstanding opportunities out there RIGHT NOW….I know I’ve captialized on several of them!

]]> By: workingclass artist http://www.noquarterusa.net/blog/2008/11/30/economicmarket-highlights-1122-1129whack-a-mole/#comment-1068665 workingclass artist Sun, 30 Nov 2008 20:59:32 +0000 http://www.noquarterusa.net/blog/?p=7313#comment-1068665 Whoa...Dupray...that was interesting...Hmmmm.... Whoa…Dupray…that was interesting…Hmmmm….

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