tag:blogger.com,1999:blog-2335748440449035592.post3892945910971208463..comments2008-09-23T16:33:43.166-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2335748440449035592.post-26230824022406195222008-09-23T16:33:00.000-04:002008-09-23T16:33:00.000-04:00michael,<BR/><BR/>"suggested Tuesday they could loosen lending standards to help more homebuyers qualify for a loan and stabilize the market."<BR/><BR/>Uhhh... and we got into this mess in the first place, how?<BR/><BR/>crazy... err sdk,<BR/>the comment is shorts provide liquidity - at some point they need to cover which pushes stocks up. Now there are sometimes huge vacuums. But you forget the market was crazy volatile for many months with or without shorts.<BR/><BR/>I believe this is a buyers strike. How can you buy anything when you don't know the rules tomorrow and Washington DC is more important than NYC. I'm not buying anything and just sitting watching it all. I expect many are. After months of losing 5% within a day of buying anything you begin to lose the urge to buy.<BR/><BR/>I believe the bear will end not in a crash but in apathy. Thats how bear of 2000-2002 ended. 2000 people were still buying dips. 2001 the Cramers of the world were still calling bottoms. By mid 2002 everyone just gave up and were disgusted and you mocked people who put money in the stock market. That's when we bottomed.<BR/><BR/>I expect the same by late 09. So we're still in the volatile stage. At some point in 09 we'll just be in the exhausted listless stage... people will be scorned for putting money in the stock market (hell I'd rather buy a house! Better odds of appreciation!) Wait.. wasn't that what happened in 2002 as well? ;) <BR/><BR/>Funny how history repeats.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-73275682660195651992008-09-23T15:49:00.000-04:002008-09-23T15:49:00.000-04:00Call me crazy, but it seems like ever since the SEC banned shorting of financials...the overall market seems much more volatile. The indices can in the green one moment, and then down 100 moments later in the blink of an eye. Could this be due to the short restrictions?sdk_IVhttp://www.blogger.com/profile/06357215762477665878noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-4027541646826963162008-09-23T15:48:00.000-04:002008-09-23T15:48:00.000-04:00From the second article you linked to:<BR/><BR/>"The director of the Federal Housing Finance Agency, which controls Fannie and Freddie, suggested Tuesday they could loosen lending standards to help more homebuyers qualify for a loan and stabilize the market."<BR/><BR/>WTF?! Hand this guy a box and tell him to pack up his office. Reason for termination - stupidity!Michaelhttp://www.blogger.com/profile/14603027333434481007noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-4981314259225545372008-09-23T15:25:00.000-04:002008-09-23T15:25:00.000-04:00Hello TM:<BR/><BR/>Government Bailout = Federal Valium....don't worry let us take care of it for you....ahhh now that is betterGuyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-18428374546078319362008-09-23T15:09:00.000-04:002008-09-23T15:09:00.000-04:00The question becomes, what will "they" do after the (a) bailout plan is announced and the market rallies and (b) the global central banks do a coordinated cut and the market rallies...<BR/><BR/>... and then it hollows... tires... and credit spreads begin to widen... the next round of fear begins..<BR/><BR/>... what do "they" have left in the gun to shoot?<BR/><BR/>Should know by year end.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-54664481542998572462008-09-23T14:59:00.000-04:002008-09-23T14:59:00.000-04:00I think you would rather have been wrong, but you have been oh so right. Down and down and down we go ... where we stop, no one knows.ianmudhttp://www.blogger.com/profile/01429959868918863661noreply@blogger.com