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Default Will losses at Bank of America...

wrote:
On Jan 22, 8:29 am, "JimH" wrote:
"hk" wrote in message

. ..





Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:
...and Wachovia drive the DOW down a few hundred points today?
Is it the economy, stupid?
Nah - losses have been priced in by now.
It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.
That's a good thing.
On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.
It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Could be.

We met with our financial advisor yesterday afternoon to arrange payoff of a
college loan. He had forecast this drop back in fall and positioned his
clients holdings in less aggressive funds.

Even the bond market is stagnant with the largest holding $12 billion in
cash waiting on the sideline to see how this all works out. If the bond
markets start to drop then you know we are in bad times.- Hide quoted text -

- Show quoted text -


If you'd have started college savings programs for your kids, then you
wouldn't have loans to pay off.



Really? Kind of depends upon how much one is able to save, what colleges
the kids go to, what the credit hour costs are, how long the kids stay
in college, whether they attend grad school, et cetera.

It must be easy to live in your world of the really simple-minded.
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Default Will losses at Bank of America...

BAR wrote:
Also, we are in the process of deciding what new car we are going to
buy. We may be able to get a loan from with zero interest from the
dealer/manufacturer.


Be careful on that, they often provide the zero percent financing on
left-over cars or simply those stuck in inventory.
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Default Will losses at Bank of America...

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:34:38 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.
Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)

You're on, though I think it will close above 12000. Ain't gonna open
there, though. But I will take the downside.


Done and done.

WHOO HOO!!! :)

Hmmm - think I'll have to buy some more IBM. :)



IBM is still in business?
  #14   Report Post  
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BAR BAR is offline
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Posts: 1,728
Default Will losses at Bank of America...

hk wrote:
Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:34:38 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk
wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might
not end up today below 12000, but it will be there for a while.
Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)
You're on, though I think it will close above 12000. Ain't gonna open
there, though. But I will take the downside.


Done and done.

WHOO HOO!!! :)

Hmmm - think I'll have to buy some more IBM. :)



IBM is still in business?


Yeah, screwing the working guy and splitting above $100 and then
climbing back over $100 per share in a couple of years. Great long term
investment for a share holder such as union pension funds and mutual
funds in 401ks.
  #15   Report Post  
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Default Will losses at Bank of America...


"BAR" wrote in message
. ..
hk wrote:
...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?


Thanks for reminding me that I have the opportunity to refinance my
mortgage and reduce my monthly payments.

Also, we are in the process of deciding what new car we are going to buy.
We may be able to get a loan from with zero interest from the
dealer/manufacturer.


Gee.. with all the money you continually brag about earning...why not
negotiate a better discount and pay cash for the vehicle?




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Default Will losses at Bank of America...


"Short Wave Sportfishing" wrote in message
...
On Tue, 22 Jan 2008 08:34:38 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might not
end
up today below 12000, but it will be there for a while.

Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)


You're on, though I think it will close above 12000. Ain't gonna open
there, though. But I will take the downside.


Done and done.

WHOO HOO!!! :)

Hmmm - think I'll have to buy some more IBM. :)


Time to buy quality companies that have been beaten up in this mess. Dollar
cost averaging is your friend in times like these.


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Posts: 7,609
Default Will losses at Bank of America...

On Jan 22, 9:11*am, "Don White" wrote:
"BAR" wrote in message

. ..

hk wrote:
...and Wachovia drive the DOW down a few hundred points today?


Is it the economy, stupid?


Thanks for reminding me that I have the opportunity to refinance my
mortgage and reduce my monthly payments.


Also, we are in the process of deciding what new car we are going to buy..
We may be able to get a loan from with zero interest from the
dealer/manufacturer.


Gee.. with all the money you continually brag about earning...why not
negotiate a better discount and pay cash for the vehicle?


The way taxes are set up down here, that is not always the best way to
go. Your money guy tells you when, what, and how to buy/lease..
  #18   Report Post  
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HK HK is offline
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First recorded activity by BoatBanter: May 2007
Posts: 13,347
Default Will losses at Bank of America...

Don White wrote:
"BAR" wrote in message
. ..
hk wrote:
...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Thanks for reminding me that I have the opportunity to refinance my
mortgage and reduce my monthly payments.

Also, we are in the process of deciding what new car we are going to buy.
We may be able to get a loan from with zero interest from the
dealer/manufacturer.


Gee.. with all the money you continually brag about earning...why not
negotiate a better discount and pay cash for the vehicle?



He's highly leveraged, and hopes to be a dentist in his next life, when
he will stay in high school.

I can certainly understand taking advantage of the rates right now to
refinance a house mortgage, but going into debt for consumer spending? Nah.
  #19   Report Post  
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Posts: 7,609
Default Will losses at Bank of America...

On Jan 22, 8:55*am, "JimH" wrote:
wrote in message

...
On Jan 22, 8:29 am, "JimH" wrote:





"hk" wrote in message


...


Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:


...and Wachovia drive the DOW down a few hundred points today?


Is it the economy, stupid?


Nah - losses have been priced in by now.


It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.


That's a good thing.


On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.


It will be an interesting day.


I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.


Could be.


We met with our financial advisor yesterday afternoon to arrange payoff of
a
college loan. He had forecast this drop back in fall and positioned his
clients holdings in less aggressive funds.


Even the bond market is stagnant with the largest holding $12 billion in
cash waiting on the sideline to see how this all works out. If the bond
markets start to drop then you know we are in bad times.- Hide quoted
text -


- Show quoted text -


If you'd have started college savings programs for your kids, then you
wouldn't have loans to pay off.
===================
What do you think we are paying it off with dummy?

The loan was 6.5% and my money was making 10%~20% over the past few years.
Do the math if you are able to, which I doubt.- Hide quoted text -

- Show quoted text -


Where the hell were you getting a 20% return?
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