Is JOE worth buying ???

[SHELLY]

The poorly managed institutions such as subprime and junk financings investors {hedge funds} and providers of subprime credit (such as American Home) , will suffer most of the carnage and bankruptcies. .

Almost none of American Home Mortgage loans was subprime...they were essentially adjustable rate and Alt-A mortgages (no doc/low doc for people with good credit scores who couldn't--or wouldn't--show documented income such as investulators, folks working on commission, Mafia, drug dealers and the like). My guess is that the Mafia and drug dealers are keeping up with their mortgage payments just fine.


.

 

[goofer]

drsvelte

you may be right about JOE going to 31. trading at 37 now. Its trading down like a hot knife through butta !!!

 

[goofer]

Housing stocks in orbit. Did the FED's action of recognizing the credit issues create the bottom in housing, bank, and broker stocks ???? Comments ??

 

[SHELLY]

Housing stocks in orbit. Did the FED's action of recognizing the credit issues create the bottom in housing, bank, and broker stocks ???? Comments ??

Nah, nah, nah.


.

 

[goofer]

ALL I am saying is that the issue of a credit crunch and foreclosures on middle income families has now caught the PUBLIC attention of the Federal Reserve. It is also now front and center in the POLITICAL arena and Presidential debates. I have no clue if this starts a sea change but it is certainly something to start thinking about. If FNM or congress comes to the rescue to ward off foreclosures.....doesn't that warrant something ??? My interest is in the stock market NOT buying Real Estate. May be the stock market will start to think about whether or not something may be afoot !!!

 

[Smiling JOe]

Goofer, have you been on Hillary's website, today? You may be on to something.

 

[goofer]

I would only go on her website if I wanted material and pictures to create a dart board !! But it just makes sense to me that as we are in the political season, an awful lot of "stuff" can happen in Washington that might focus on saving stupid people from their stupid mistakes.
When the Fed starts to acknowledge the problem publically and the leading presidential candidates make noises AND the speculators are talking of "things" going on behind the scence at Treasury regarding Hank Paulsen, Fannie Mae and the pols.......this all bears watching. We may be seeing the BEGINNING of the journey towards the end of the housing depression !!!

 

[drsvelte]

Nah, nah, nah.

You don't have AFLAC???

 

[SHELLY]

We may be seeing the BEGINNING of the journey towards the end of the housing depression !!!

"Housing depression?"

.

 

[BeachSiO2]

"Housing depression?"

.

Yes, the houses are sad that they were built and are now sitting empty. They yearn for the pitter patter of little feet and joyous celebration like their "friends" in other established neighborhoods have. Houses have feelings too. Maybe what the market needs is really medical help, not financial :leaving: