Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: a128	8/1/2007 8:26:07 AM
	of 78746

How can consumer confidence be at a 6 year high ? How can that be consistent with the sub-prime, near-prime meltdown the market is experiencing ? I guess shoppers feel confident because they havent been paying their mortgage in months and have more to spend on other things. Im going to be flabbergasted if AHM goes bankrupt. Surely SOMEONE will throw them a life preserver. The loans they own WILL come back in value. The vast majority are not deadbeats who got into a house with no money down. Im having a hard time making sense of "all hell is breaking loose" in mortgage lenders and home builders, housing prices declining and the consumer apparently happy as a lark with confidence at a 6 year high. What gives ? Personally, I feel a helluva lot less confident than I did on July 12th when my portfolio was at an all time high. Since then, the stock portion of my worth has been declining pretty fast. Im fortunate to have so much in CASH. But, while I hate the pain the market is inflicting, Im not finding the kind of dirt cheap values I want to buy. Sheesh.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next