Silicon Investor (SI) -- The First Internet Community

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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (164093)	3/8/2008 12:24:10 PM
From: jjstingray	Read Replies (1) \| Respond to of 209892

As I have been saying, I think we see 3.0% in that ten year yield. What is so frustrating is that instead of the Fed continuing to cut rates, they need to provide for liquidity. So many more poeple would be able to refi and lower their mortgage payments but because loans are very difficult to get, it does not happen. I am a prime example. By refinancing my house right now, I can save $750 a month from just a year ago, but jumbo loans are impossible to come by. There needs to be a mechanism that allows for greater liquidity and I just don't think that is being addressed right now. Sorry for the FA slant, but I think this is a dialogue the board can handle.

To: Henry J Costanzo who wrote (164093)	3/8/2008 1:25:36 PM
From: robert b furman	Read Replies (1) \| Respond to of 209892

Hi Henry, The poor bankers have had huge noncash accounting write offs. They've attracted tens of billions of sovereign capital and as your charts show,they have very nice rate spreads and margins. The worst part is price has collapsed and that is not the stuff of excitement or congering up greed. It does look like the worst is out there as annual reports have had CEO signatures and accounting opinions this quarter, in last years annual statements. I think it will take a long time for this sector to look good. I think they end up being the next semi sector ,an unfavored sector. JMHO Bob