So you don't think it'll keep dropping? And I agree. I'm either thinking cash+long, or cash+gold.
So you don't think it'll keep dropping? And I agree. I'm either thinking cash+long, or cash+gold.
So, on 5/6 the market tanked and bounced hard within minutes raising lots of eyebrows. Then over the course of a week it almost fully recovered. Now we've slowly bled below even the low of 5/6. Same result but this time it's acceptable? Will we recover again? I hate to wear a tinfoil hate, but I say yes and this time people will keep their eyebrows to themselves.
Slew Foot
Lifer
- Sep 22, 2005
- 12,379
- 96
- 86
If the government kept its fingers out, losers would have been foreclosed on long ago, prices would have bottomed, and people could buy houses without 5 loans or spending half their incomes on interest to makes banks rich.
I consider myself an investor. I think the gains from going long here are better than the gains I could be making if I traded. I plan to buy more if I can justify taking money out of my 1st emergency fund.
I have no faith in Gold.
gold is dangerously high ATM, may be a temp safe haven but I rather take the risk and long large cap value stocks
Most of the delays in foreclosure have nothing to do with the government. Servicers are massively overwhelmed by the volume.
Slew Foot
Lifer
- Sep 22, 2005
- 12,379
- 96
- 86
CA keeps instituing 90 day moratoriums. I know people who are living in homes they haven't made a payment on in two years.
And I know many people in many other states that have done the same without moratoriums.
Anyone know why RMBS is up past $25? Is it purely tracking with the market?
Thinking of offloading a chunk so I can had some cash in hand to jump in when the market does it drops again.
Thinking of offloading a chunk so I can had some cash in hand to jump in when the market does it drops again.
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ITC decision is due today around 2:00PM PDT. CAFC may come out at 8:00AM PDT.
FelixDeCat
Lifer
- Aug 4, 2000
- 30,971
- 2,675
- 126
Waiting for another pullback as the Euro continues to decline and reach the 10 year average of 118 before getting bold again.
Either way, options are too expense (great for covered calls) right now and its too risky to go long or short. Otherwise, I think the US market itself is fine.
Either way, options are too expense (great for covered calls) right now and its too risky to go long or short. Otherwise, I think the US market itself is fine.
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Link: http://www.usitc.gov/secretary/fed_reg_notices/337/337_661_Notice05262010sgl.pdf
ACTION: Notice.
SUMMARY: Notice is hereby given that the U.S. International Trade Commission has
determined to extend the target date for completion of the above-captioned investigation so that
the Commission may accept and consider further briefing regarding a license agreement
involving complainant Rambus, Inc. and Samsung Electronics Co., Ltd. (“Samsung”
.
ACTION: Notice.
SUMMARY: Notice is hereby given that the U.S. International Trade Commission has
determined to extend the target date for completion of the above-captioned investigation so that
the Commission may accept and consider further briefing regarding a license agreement
involving complainant Rambus, Inc. and Samsung Electronics Co., Ltd. (“Samsung”
.
IHateMyJob2004
Lifer
- Sep 29, 2004
- 18,656
- 68
- 91
Think about the wide effects of housing prices falling even farther. Think of the butterfly effect. More and more people would walk away from homes due to LTV ratios as prices fell more and more.
FYI, banks pay dividends. If they are that rich, why not buy bank stocks (I own WFC and USB)
For what it is worth, peoples seem to not realize what could have happened if the gov't just twiddled it's thumbs. Like Cicero playing his fiddle. In the past, the US tried to let capitalism fix things. The solution involved bread lines. It was called the great depression. be happy that the decision makers studied the great depression and did what they did.
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- Jan 23, 2002
- 2,206
- 12
- 81
I offloaded 3,000 shares afterhours at $24+ to go back to my original 10,000 shares. I think the market is going to overreact on this because their patience has worn thin. I'll buy 3,000 back or buy what will probably be cheaper calls tomorrow morning... hopefully the CAFC will still be end of May.
This isn't new information (RMBS/Samsung agreement), why do they need another 2 months?? And what was Mondays delay about then?
IHateMyJob2004
Lifer
- Sep 29, 2004
- 18,656
- 68
- 91
What is the value of gold? Since you say it is high, I am curious. Must be that you studied the mining and refinement costs and unsderstand the distribution costs. Effects of recylcing, etc to determine intrinsic value. So let me have it!
Wonder what Samsung deal is about, lol. Maybe Samsung interested in nVidia? Who knows. Anything can happen this day!
IHateMyJob2004
Lifer
- Sep 29, 2004
- 18,656
- 68
- 91
Relative to things like historical household incomes and GDP, housing prices are now within historical norms. Ok, what are historical norms? Well, that $400,000 house is within historical norms. The thing is, that historical norm is a big range. It could drop to $200,000 to be at the bottom of historical norms.
Who know what will happen. I don't see housing prices being much different in 5-10 years compared to today. If that $400K home stays there for 5 years, inflation will probably bring it into that center of historical norms.
I am sure Call options will be skydiving at opening tomorrow. Which calls are you going to look at carefully?
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