Home › Forums › Housing › Standard & Poor’s just drove a huge harpoon into the heart of the mortgage credit bubble,
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July 11, 2007 at 1:25 PM #65317July 11, 2007 at 2:38 PM #65264
lniles
ParticipantWhy are sheeple still pondering the question "Will subprime woes spill over to stocks?" THEY ALREADY HAVE, in almost every major market worldwide!
Asking if subprime will affect other markets is like asking whether the USA is going to war in Iraq. The real question should be: Why are sheeple so entrenched in their belief that subprime woes are isolated to the housing market? Wake up and smell the napalm!
July 11, 2007 at 2:38 PM #65327ParticipantWhy are sheeple still pondering the question "Will subprime woes spill over to stocks?" THEY ALREADY HAVE, in almost every major market worldwide!
Asking if subprime will affect other markets is like asking whether the USA is going to war in Iraq. The real question should be: Why are sheeple so entrenched in their belief that subprime woes are isolated to the housing market? Wake up and smell the napalm!
July 11, 2007 at 2:46 PM #65266JWM in SD
Participant“OK, the doom and gloom scenarios…”
They aren’t scenarios anymore, they are eventualities. Some sooner than later. I didn’t see this one coming yesterday myself.
July 11, 2007 at 2:46 PM #65329Participant“OK, the doom and gloom scenarios…”
They aren’t scenarios anymore, they are eventualities. Some sooner than later. I didn’t see this one coming yesterday myself.
July 11, 2007 at 3:09 PM #65268rb_engineer
Participantlniles,
I’m not sure about that. S&P 500 is up 10% this year. That would make it 20% per anum.
July 11, 2007 at 3:09 PM #65331Participantlniles,
I’m not sure about that. S&P 500 is up 10% this year. That would make it 20% per anum.
July 11, 2007 at 3:44 PM #65278ParticipantHi rb_engineer, my point is subprime woes have affected the market. You can still say it is up 10% this year or you can say it is up 1000% this century, yet these are merely interesting facts which do not contradict my view.
I hold many stocks that I never thought could be affected by subprime, but yesterday I lost ~ 3% after the S&P junked $12B of subprime holdings (I’m still up over 13% this year). This includes foreign stocks.
I feel certain my stocks would be doing much better if this subprime storm cloud was not hanging over the economy. Yesterday was obvious, but in general things have been affected for months.
July 11, 2007 at 3:44 PM #65341ParticipantHi rb_engineer, my point is subprime woes have affected the market. You can still say it is up 10% this year or you can say it is up 1000% this century, yet these are merely interesting facts which do not contradict my view.
I hold many stocks that I never thought could be affected by subprime, but yesterday I lost ~ 3% after the S&P junked $12B of subprime holdings (I’m still up over 13% this year). This includes foreign stocks.
I feel certain my stocks would be doing much better if this subprime storm cloud was not hanging over the economy. Yesterday was obvious, but in general things have been affected for months.
July 11, 2007 at 4:47 PM #65284Participantlniles,
I see what you are saying. For me, I’m pretty satisfied with the stock performance so far this year. Hopefully, the 2nd half is just as good.
JWM,
I’m just saying its a scenario because it has happened yet. Whatever you are predicting at least.
July 11, 2007 at 4:47 PM #65346Participantlniles,
I see what you are saying. For me, I’m pretty satisfied with the stock performance so far this year. Hopefully, the 2nd half is just as good.
JWM,
I’m just saying its a scenario because it has happened yet. Whatever you are predicting at least.
July 11, 2007 at 5:06 PM #65289rocket science
ParticipantRelated article from LA Times contined a nice quote
Housing is "a slow-moving train wreck," said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities in New York. But "it just doesn't seem at this point that it's spilling over" into the rest of the economy.
http://www.latimes.com/business/la-fi-markets11jul11,0,32243.story?coll=la-home-center
rs
July 11, 2007 at 5:06 PM #65350ParticipantRelated article from LA Times contined a nice quote
Housing is "a slow-moving train wreck," said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities in New York. But "it just doesn't seem at this point that it's spilling over" into the rest of the economy.
http://www.latimes.com/business/la-fi-markets11jul11,0,32243.story?coll=la-home-center
rs
July 11, 2007 at 5:08 PM #65291ParticipantI don’t have a single point prediction to be honest. That’s extremely difficult to do. It’s more like preponderance of evidence with a growing checklist.
July 11, 2007 at 5:08 PM #65352ParticipantI don’t have a single point prediction to be honest. That’s extremely difficult to do. It’s more like preponderance of evidence with a growing checklist.
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