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XBoxBoy
ParticipantAnd now, this morning, the market is diving, but yields on the ten year are up. In other words, all assets are for sale. It is looks suspiciously like people needing to sell whatever assets they have, good or bad to cover margin or debt or maybe WAMU bond swaps.
ParticipantAnd now, this morning, the market is diving, but yields on the ten year are up. In other words, all assets are for sale. It is looks suspiciously like people needing to sell whatever assets they have, good or bad to cover margin or debt or maybe WAMU bond swaps.
Participantjp, never forget the saying, “A fool and his money are soon parted”. Make no mistake about it. The coast is coming down. There are lots of examples of people on the coast selling for less than they bought a couple years ago. Some significantly less. But there are still fools out there that didn’t get the memo that house prices are falling. (How they missed this is beyond me, but they have) There are fewer of them every day, but I still see case of people overpaying. But every day there are more “motivated” sellers hitting the market. And that means prices will continue to come down.
XBoxBoy
Participantjp, never forget the saying, “A fool and his money are soon parted”. Make no mistake about it. The coast is coming down. There are lots of examples of people on the coast selling for less than they bought a couple years ago. Some significantly less. But there are still fools out there that didn’t get the memo that house prices are falling. (How they missed this is beyond me, but they have) There are fewer of them every day, but I still see case of people overpaying. But every day there are more “motivated” sellers hitting the market. And that means prices will continue to come down.
XBoxBoy
Participantjp, never forget the saying, “A fool and his money are soon parted”. Make no mistake about it. The coast is coming down. There are lots of examples of people on the coast selling for less than they bought a couple years ago. Some significantly less. But there are still fools out there that didn’t get the memo that house prices are falling. (How they missed this is beyond me, but they have) There are fewer of them every day, but I still see case of people overpaying. But every day there are more “motivated” sellers hitting the market. And that means prices will continue to come down.
XBoxBoy
Participantjp, never forget the saying, “A fool and his money are soon parted”. Make no mistake about it. The coast is coming down. There are lots of examples of people on the coast selling for less than they bought a couple years ago. Some significantly less. But there are still fools out there that didn’t get the memo that house prices are falling. (How they missed this is beyond me, but they have) There are fewer of them every day, but I still see case of people overpaying. But every day there are more “motivated” sellers hitting the market. And that means prices will continue to come down.
XBoxBoy
Participantjp, never forget the saying, “A fool and his money are soon parted”. Make no mistake about it. The coast is coming down. There are lots of examples of people on the coast selling for less than they bought a couple years ago. Some significantly less. But there are still fools out there that didn’t get the memo that house prices are falling. (How they missed this is beyond me, but they have) There are fewer of them every day, but I still see case of people overpaying. But every day there are more “motivated” sellers hitting the market. And that means prices will continue to come down.
XBoxBoy
Participant[quote=capeman]I’d add Bush to the list but I don’t know if he actually has a degree… [/quote]
LOL, now that was funny! Particularly since he’s got a bach. from Yale and an MBA from Harvard. Wonder what the big wigs at Yale & Harvard think about their alumni now. Kinda embarrassing I would think.
Participant[quote=capeman]I’d add Bush to the list but I don’t know if he actually has a degree… [/quote]
LOL, now that was funny! Particularly since he’s got a bach. from Yale and an MBA from Harvard. Wonder what the big wigs at Yale & Harvard think about their alumni now. Kinda embarrassing I would think.
Participant[quote=capeman]I’d add Bush to the list but I don’t know if he actually has a degree… [/quote]
LOL, now that was funny! Particularly since he’s got a bach. from Yale and an MBA from Harvard. Wonder what the big wigs at Yale & Harvard think about their alumni now. Kinda embarrassing I would think.
Participant[quote=capeman]I’d add Bush to the list but I don’t know if he actually has a degree… [/quote]
LOL, now that was funny! Particularly since he’s got a bach. from Yale and an MBA from Harvard. Wonder what the big wigs at Yale & Harvard think about their alumni now. Kinda embarrassing I would think.
Participant[quote=capeman]I’d add Bush to the list but I don’t know if he actually has a degree… [/quote]
LOL, now that was funny! Particularly since he’s got a bach. from Yale and an MBA from Harvard. Wonder what the big wigs at Yale & Harvard think about their alumni now. Kinda embarrassing I would think.
Participant[quote=SD Realtor]Ten year sell off has been non trivial. Over 50 basis points in 5 business days.[/quote]
And now a week later, and it seems almost all of the sell off has been recooped.
I’m finding the 10yr action particularly odd since by most accounts the “crisis” is easing so we should no longer be seeing a mass buying of treasuries as a flight to safety measure. Any of you savvy investor types have a good explanation of why 10yrs are being scooped up? Is China or Japan suddenly adding large quantities of 10yrs to their reserves? If so why?
Isn’t it expected that in the near future the US will be issuing large quantities of debt, thus the supply of treasuries will flood demand? Wouldn’t that mean lower treasury prices? (and higher yields)
What am I missing here?
XBoxBoy
Participant[quote=SD Realtor]Ten year sell off has been non trivial. Over 50 basis points in 5 business days.[/quote]
And now a week later, and it seems almost all of the sell off has been recooped.
I’m finding the 10yr action particularly odd since by most accounts the “crisis” is easing so we should no longer be seeing a mass buying of treasuries as a flight to safety measure. Any of you savvy investor types have a good explanation of why 10yrs are being scooped up? Is China or Japan suddenly adding large quantities of 10yrs to their reserves? If so why?
Isn’t it expected that in the near future the US will be issuing large quantities of debt, thus the supply of treasuries will flood demand? Wouldn’t that mean lower treasury prices? (and higher yields)
What am I missing here?
XBoxBoy
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