Tuesday, July 31, 2007
The Wonderful World of Sub-Prime
Fuck around, buy some sub-primers, and lose your house. No pun intended.
It's amazing to see how many companies didn't see this shit coming. I mean, geez, its been on the news for two years straight, ad nauseam.
I know a guy who is long 100's of thousands of dollars in AHM.
Ouch.
In short, the sub-primer's have, once again, put the kibosh on the market. All bets are off, at least for today.
If the bulls want to save their asses, they'll mount a rally, by 3:30.
If not, you chart chomping fucktards are all screwed.
It's amazing to see how many companies didn't see this shit coming. I mean, geez, its been on the news for two years straight, ad nauseam.
I know a guy who is long 100's of thousands of dollars in AHM.
Ouch.
In short, the sub-primer's have, once again, put the kibosh on the market. All bets are off, at least for today.
If the bulls want to save their asses, they'll mount a rally, by 3:30.
If not, you chart chomping fucktards are all screwed.
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They're pounding the fuck out of RWT as if it is AHM's evil twin. A guy told me last week RWT is "just too cheap" based on its high dividend yield and low forward P/E. What a disaster.
Coastal Housing bottom comes 2010-2012 no sooner. It will get much worse before it gets better. Make no mistake about this. ALT A NODs are taking off in Caly as we speak. Who gives a fuck about Sub Prime. The RE Broker with the red Ferrari is on the chopping block in Cali.
Coastal Housing bottom comes 2010-2012 no sooner. It will get much worse before it gets better. Make no mistake about this. ALT A NODs are taking off in Caly as we speak. Who gives a fuck about Sub Prime. The RE Broker with the red Ferrari is on the chopping block in Cali.
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