tashakitty

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    • Tue Sep 9th 19:49 PM | Rating: 0 0
      Commented on:
      Short Financial ETFs: Watch Out for the Fannie/Freddie Effect
      Look at the bounce today -- up 10%. Fannie Mae and Freddie Mac are simply 1 piece of the overall problem -- LAX LENDING STANDARDS. Can't you see a sucker rally for what it is? Do you think bail outs are a great thing? They don't bode well for the ECONOMY, TAXES, THE DOLLAR AND OUR NATIONAL DEBT.

      As the economy spirals into a deep recession, credit cards, auto loans and mortgage underwriting will be abysmal. The mortgage problem is already starting to bleed into the prime mortgage arena. Unless you have the money, credit scores and income, people will not be buying in most parts of the country. yes, interest rates are low, but they are not affecting mortgages as a whole for 30 year fixed rates. Call your mortgage broker -- they'll tell you what I am.

      You have given one of the most simplistic, uninformed arguments imagineable for the next 6 months. We will re-test the highs on SKF. And many other banks stand to fail -- big ones and small ones.
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    • Mon Jul 21st 16:53 PM | Rating: 0 0
      Commented on:
      Protecting Your Wealth and Profit During the 2008 Crash
      Furthermore, it's in the banks and investment houses best interests to wind down their derivatives positions as slowly as possible...we're already having panic....therefore, things are going to spiral down in a more "orderly fashion" rather than a straight trajectory. Either way, there's going to be a lot of pain...spread out either sooner or later over time.
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    • Mon Jul 21st 16:47 PM | Rating: 0 0
      Commented on:
      Protecting Your Wealth and Profit During the 2008 Crash
      I don't believe this is the end of the world or the end of the US banking system. I believe that the news will get worse for financials when we fall deeper into recession and the banks haven't even come out with those figures. More people who were living too high on the hog and bought property within the past 5 years that need to sell and don't have substantial savings behind them (including those that have jobs will lose them thereby exascerbating the situation). Monsieur Paulson our treasury secretary has already warned us about months of pain: READ 1.5-2 years; Oil cannot drop to the ground - but it must come down because growth is going to go down.

      I'm seeing lower global growth...we are in the information age aren't we? Since when do backward countries call the shots with our economy? Tech is going to slow down too but not grind to a halt. Business investment can't remain as high as it has with a global recession coming. Europe must lower the euro eventually otherwise they'll have more strikes and more riots. They don't even work there and internationally, people are not going to be buying their overpriced goods. We may not even buy as much from China...aren't we their #1 customer? China needs us as much as we need them in my opinion. A cheap dollar is good for exports and eventually the dollar will become stronger once Paulson gets enough nerve to raise interest rates to curb inflation and work the housing debacle out. Step 1 is to shore up the banking system to stabilize us financially. Step 2: Raise interest rates to take care of inflation.

      I bought Tesoro and Valero last Thursday. The companies are both at lows and are climbing paying a 1.9% yield. I also bought SKF on Thursday because I firmly believe the worst is not over yet in the financials. I don't day trade. I'm a long term investor and have been in the market since 1984.
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