Knife catchers jump in

[Ren]

[quote=peterb]What the rate on these sweet loans?[/quote]

I believe they are comparable to typical 20% down loans, except you pay a 1.25% to 2.25% (depending on your credit score) insurance premium on the mortgage up front, which is due at closing. You can add that onto the loan. It’s their version of PMI.

[peterb]

Sounds like a govt attempt to support a fundementally unsound market in the throws of a correction. And thus creating a short term rally on the way to the bottom. Am I a skeptic?

[peterb]

Sounds like a govt attempt to support a fundementally unsound market in the throws of a correction. And thus creating a short term rally on the way to the bottom. Am I a skeptic?

[peterb]

Sounds like a govt attempt to support a fundementally unsound market in the throws of a correction. And thus creating a short term rally on the way to the bottom. Am I a skeptic?

[peterb]

Sounds like a govt attempt to support a fundementally unsound market in the throws of a correction. And thus creating a short term rally on the way to the bottom. Am I a skeptic?

[peterb]

Sounds like a govt attempt to support a fundementally unsound market in the throws of a correction. And thus creating a short term rally on the way to the bottom. Am I a skeptic?

[EconProf]

For the record, Cramer has a HORRIBLE forecasting record. About a year ago he was on the cover of Barron’s magazine, which pointed out his bleak history of hardly ever getting anything right. He is entertaining to watch, but should be taken as a contrary indicator.
Also, at the height of the dot-com boom, he listed 10 stocks he recommended buying. Some time later, all but one was kaput or had plummeted in value.
Guys like Cramer and locally, George Chamberlin, need to be held to account for their record. Too often they escape scrutiny by a lap-dog press.

[EconProf]

For the record, Cramer has a HORRIBLE forecasting record. About a year ago he was on the cover of Barron’s magazine, which pointed out his bleak history of hardly ever getting anything right. He is entertaining to watch, but should be taken as a contrary indicator.
Also, at the height of the dot-com boom, he listed 10 stocks he recommended buying. Some time later, all but one was kaput or had plummeted in value.
Guys like Cramer and locally, George Chamberlin, need to be held to account for their record. Too often they escape scrutiny by a lap-dog press.

[EconProf]

For the record, Cramer has a HORRIBLE forecasting record. About a year ago he was on the cover of Barron’s magazine, which pointed out his bleak history of hardly ever getting anything right. He is entertaining to watch, but should be taken as a contrary indicator.
Also, at the height of the dot-com boom, he listed 10 stocks he recommended buying. Some time later, all but one was kaput or had plummeted in value.
Guys like Cramer and locally, George Chamberlin, need to be held to account for their record. Too often they escape scrutiny by a lap-dog press.

[EconProf]

For the record, Cramer has a HORRIBLE forecasting record. About a year ago he was on the cover of Barron’s magazine, which pointed out his bleak history of hardly ever getting anything right. He is entertaining to watch, but should be taken as a contrary indicator.
Also, at the height of the dot-com boom, he listed 10 stocks he recommended buying. Some time later, all but one was kaput or had plummeted in value.
Guys like Cramer and locally, George Chamberlin, need to be held to account for their record. Too often they escape scrutiny by a lap-dog press.

[EconProf]

For the record, Cramer has a HORRIBLE forecasting record. About a year ago he was on the cover of Barron’s magazine, which pointed out his bleak history of hardly ever getting anything right. He is entertaining to watch, but should be taken as a contrary indicator.
Also, at the height of the dot-com boom, he listed 10 stocks he recommended buying. Some time later, all but one was kaput or had plummeted in value.
Guys like Cramer and locally, George Chamberlin, need to be held to account for their record. Too often they escape scrutiny by a lap-dog press.

[hipmatt]

Home sales are up, but inventory is at an all time high. We are clearly far from the bottom. The only arguments for upwards prices are emotional and rhetorical. Fundamentally things are getting worse.

The BIGGEST driver of prices is supply and demand. Well the big news today is another record high supply. And as the knife catchers buy, the demand will weaken too. With tougher lending standardsmore people loosing jobs, and others spend more of their income on food and energy

They are helping drive prices lower in the long run. Most recent/active buyers I know will be or are stretched way to thin from their purchase. This means that after they close escrow, even less discretionary spending out in the economy. With companys big and small reporting weaker earnings, the reduction in consumer spending will only add to the unemployment.

Most knife catchers now are buying out of past regret/envy or FEAR of being priced out in the future. Both motivators are highly emotional and illogical. Usually the current buyer/k. catcher is not paying attention to the real fundamentals and economic indicators, which are poor and point to further price reductions.

[hipmatt]

Home sales are up, but inventory is at an all time high. We are clearly far from the bottom. The only arguments for upwards prices are emotional and rhetorical. Fundamentally things are getting worse.

The BIGGEST driver of prices is supply and demand. Well the big news today is another record high supply. And as the knife catchers buy, the demand will weaken too. With tougher lending standardsmore people loosing jobs, and others spend more of their income on food and energy

They are helping drive prices lower in the long run. Most recent/active buyers I know will be or are stretched way to thin from their purchase. This means that after they close escrow, even less discretionary spending out in the economy. With companys big and small reporting weaker earnings, the reduction in consumer spending will only add to the unemployment.

Most knife catchers now are buying out of past regret/envy or FEAR of being priced out in the future. Both motivators are highly emotional and illogical. Usually the current buyer/k. catcher is not paying attention to the real fundamentals and economic indicators, which are poor and point to further price reductions.

[hipmatt]

Home sales are up, but inventory is at an all time high. We are clearly far from the bottom. The only arguments for upwards prices are emotional and rhetorical. Fundamentally things are getting worse.

The BIGGEST driver of prices is supply and demand. Well the big news today is another record high supply. And as the knife catchers buy, the demand will weaken too. With tougher lending standardsmore people loosing jobs, and others spend more of their income on food and energy

They are helping drive prices lower in the long run. Most recent/active buyers I know will be or are stretched way to thin from their purchase. This means that after they close escrow, even less discretionary spending out in the economy. With companys big and small reporting weaker earnings, the reduction in consumer spending will only add to the unemployment.

Most knife catchers now are buying out of past regret/envy or FEAR of being priced out in the future. Both motivators are highly emotional and illogical. Usually the current buyer/k. catcher is not paying attention to the real fundamentals and economic indicators, which are poor and point to further price reductions.

[hipmatt]

Home sales are up, but inventory is at an all time high. We are clearly far from the bottom. The only arguments for upwards prices are emotional and rhetorical. Fundamentally things are getting worse.

The BIGGEST driver of prices is supply and demand. Well the big news today is another record high supply. And as the knife catchers buy, the demand will weaken too. With tougher lending standardsmore people loosing jobs, and others spend more of their income on food and energy

They are helping drive prices lower in the long run. Most recent/active buyers I know will be or are stretched way to thin from their purchase. This means that after they close escrow, even less discretionary spending out in the economy. With companys big and small reporting weaker earnings, the reduction in consumer spending will only add to the unemployment.

Most knife catchers now are buying out of past regret/envy or FEAR of being priced out in the future. Both motivators are highly emotional and illogical. Usually the current buyer/k. catcher is not paying attention to the real fundamentals and economic indicators, which are poor and point to further price reductions.

[Author]

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