Strictly: Drilling II 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 : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: longdong_63 who wrote (21154)	11/2/2002 10:05:09 AM
From: SliderOnTheBlack	Read Replies (1) of 36161

QUOTE: "FNMA the next LTCM Blow Up" ...anyone see Kudlow & Cramer last evening ? They tried, I mean they rrrrrrreeeeeaaaallllllly tried to make their show last night a bigger Pep Rally than the Wellstone Memorial-Democratic Convention... These guys are chasing shadows behind corners looking for reasons to pump this market up...and we are to believe that the market is telling us that all the Economic, Earnings, Cap Ex spending, Consumer Sentiment,Employment and Manufacturing stats are irrelevant because the market is always right and is predicting that turn-around.... BUT ! we need a .50 bp Fed Cut here in Japanese Nikkei Deja-Vu to Zero Range just in case the market is wrong (vbg) ? ...but, that wasn't the pearl gleaned from their show last evening. It was the quote from their new guest who wouldn't play right... who wouldn't keep the Pom-Pom's waving and who dared say, quote/unquote: "That FNMA was the next LTCM blow up" - whodathunkit ? FNMA uses unprecedented debt/leverage to keep this explosive growth rate Mortgage Backed Balloon afloat. The unfortunate thing is that due to this volatility in rates & bonds (not to mention ramping deliquencies, defaults and rampant Soprano-esque FRAUD); the assumptions made/derivatives placed are fracturing. But why should THEY worry - when it's OUR money that will be used to bail Fannie out... Tic-Toc ` Rogue Wave Event Catalysts in every direction... it's not a question of when, or if... that's a given; the real question will be whether we get a dominno chain reaction of multiple Event driven implosions of unprecedented measure.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next