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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (30550)	4/5/2008 12:53:30 PM
From: Madharry	Read Replies (1) \| Respond to of 78711

I am apalled by what I am hearing about some of the bailout. One of the items is a tax credit for people buying houses in foreclure not only does that seems completely discriminatory but may encourage people to go into foreclosure deliberating as there increased incentive to default on ones own mortage let it go into foreclosure and perhaps repurchase the property from the bank. If I am a home owner trying to sell my house I am going to be absolutely livid at well heeled banks given a further advantage over me. I m also seeing comments about a government bailout of the banks in the works. I would rather see the fdic take over banks then the taxpayer or government pay billions of dollars to keep incompetent greedy managment in place and/or pay lifetime perks to these jerks. It was not rocket science to figure out that giving people zero down mortgages was going to lead to a bubble, contribute to overbuilding and then ultimately stick someone with the tab when prices declined. Can we find competent leadership somewhere?

To: Paul Senior who wrote (30550)	4/7/2008 11:04:24 AM
From: Jurgis Bekepuris	Respond to of 78711

The only stock I hold from this list is AEO. ANF is actually also somewhat attractive, though I am concerned about their market saturation. In a mall near us there is ANF store and there is Holister store, not even counting the knockoffs of other companies... But perhaps it's still a buy. ;) I will look at some other companies from the list later.

To: Paul Senior who wrote (30550)	4/7/2008 8:11:28 PM
From: Madharry	Read Replies (1) \| Respond to of 78711

I dont understand retailers very well but geez it sure seems like most consumers are pretty well tapped out. people who are about to leave their homes arent going to be looking to buy new clothes i dont think. interesting article i just read about the illiquidity of the various mortgage based securities and how this business is over and banks are having a big problem borrowing from each other and nobody really knows how solvent they are. certainly not other banks. if banks are reluctant to lend short term to other banks what does that say about the investment quality of banks? Wont be long before people are burying their money in their back yards. I dont think we will see a bottom until we here about banks failing and people standing in line to take their money out. the real estate situation continues to be bleak. And we havent even seen the impact yet of all the layoffs in the real estate, financial, retail , and airlines yet. the stimulus package to me seems like the equivalent of throwing out a life preserver to a guy in the atlantic ocean surrounded by sharks, with the announcement that help may come at some point in the future. Stigliz today on some network has the right idea. govt needs to step in and induce current homeowners not to walk away by offering them special mortgages. govt should not bail out either bank executives or homebuilders.