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<p>>>>Just my take; the last hour behaved as if institutions thought the Fed was meeting secretly to consider a rate reduction.<<<</p> <p>That rumor was out since yesterday.</p>

>>>Buy when there's blood on the streets. <p>Today definitely qualifies.<<<</p> <p>Good thing I took my own advice. For once!</p>

<p>>>>Did anyone see Buffett's interview this morning ? When asked if he thought if the Govt should bail out struggling homeowners, he said "no". He said that if one invests in the stock market and a stock goes down, the govt doesn't get involved...same thing with derivatives...so why is the...

<p>Buy when there's blood on the streets.</p> <p>Today definitely qualifies.</p>

>>><em>the Market and the Fed have stated that the subprime issue is contained. That it only make up 3% of all outstanding loans</em> <p>They were saying that about the Nasdaq in 2000. Only 6% of the overall market cap was pure internet companies, and even if .com crashes, it won't impact...

>>>ocfliptrack, <p>I have read a certain fund call sentinel or something like that. Whereby, the fund kept investors from redeeming or cashing out b/c it might collapse.<<<</p> <p>It's in times like these that one really needs to read the fine print. The Sentinel Money Market Fund was not...

<p>I never understood the role of an appraiser in a free market. </p> <p>I could understand the need for them in certain situations, but once a home inspector tells you that your home is in great condition with no problems, and everyone can see that the same type of home sold for X dollars in...

<p>graphix - Everyone loves the kool-aid. </p> <p>Just 1 week ago Countrywide was making all kinds of soundbites...</p> <p>"Countrywide has longstanding and time-tested funding liquidity contingency planning," said Eric P. Sieracki, Chief Financial Officer..."Our mortgage company has...

<p>>>>How much longer can they hold back the flood of REO? <<<</p> <p>I've been wondering that myself. Why not mark down those homes just like the loans it's holding to reduce inventory?</p> <p>Sometimes I wonder if it is collusion or just herd mentality that these banks don't want to flood...

<p class="textBodyBlack">The credit crunch is doing more to hit the consumer directly. Sure there are still credit cards out there that offer low rates, just like there are still banks that offer decent rates. But it is becoming more and more pervasive and affecting more and more persons...

<p>>>>From 2001 to 2004 the price kept going up, but the payment stayed the same, then all hell broke loose and the payment chart started to climb, then I don't recall seeing it any more.<<<</p> <p>That's interesting to hear. I don't get the OC Register but do remember seeing the charts to...

<p>>>>Would you believe that half the people I talk to, do not call me back.<<<</p> <p>I guess they didn't know what they got into, and they don't know how to get out of it. Even if the answer is right in front of them.</p> <p>I guess a government bailout of many residential homeowners is...

Are FedEx boxes generally more sturdy and durable than UPS or USPS boxes? They definitely have a better color scheme.

>>>“The <a target="_blank" href="http://www.sanluisobispo.com/business/national/story/112623.html">housing</a> market slump has Toll Brothers’ chief executive perplexed.” <p>“‘This downturn is very different. It is the first one in my 41 years in the business that’s occurred when you have an...

<p>Are there any pre-emptive measures that banks such as Countrywide are taking in anticipation of the massive amounts of resets (hence walking away from properties) that are going to occur in the next 6 months? Or are they absolutely not going to be able to do anything about it (with the...

<p>>>>My next thought is...what set this off? Something caused them to hit the panic button, but no one is writing about it.<<<</p> <p>Huh? Where have you been the last 2 weeks?! All the problems stem from the housing market and credit crunch.</p>

<p>>>>This one shows price by size. Look at the increasing average price in the top three size groups. <a href="http://www.bobcasagrand.com/3/W0000015543/P0000279317.htm">http://www.bobcasagrand.com/3/W0000015543/P0000279317.htm</a><<<</p> <p>That chart shows that the average San Diego home...

<p>August 9, 2007 - French bank <strong>BNP Paribas </strong>said Thursday that it is freezing three of its funds because the tightening U.S. credit market has made them impossible to value. European markets were all down 1-3% on the news.</p> <p>Here's a deeper analysis (by Tony Crescenzi)...

<p>Sometimes I feel that these homebuilders will sooner layoff their own employees than take a lowball offer. I don't understand why and who exactly is making that decision, but I've encountered it many times on my end. </p> <p>I'm all for lowball offers, but even now, I will admit people...

<p>I don't think this problem will be over until the final products (homes) have been valued. Only at that point will we know the actual damage and be able to calculate each loss of every player of the game. ie. Right now with Countrywide holding all this REO inventory that they are unwilling...