Stocks

[Antitrust32]

Originally Posted by Smooth Operator

She's a cool chick, Mort.

One of my fav posters on this board.

If we're talking about Dala... agreed.

How bout Sick Vick? He's quite the QB!!!

[clyde]

Originally Posted by Antitrust32

If we're talking about Dala... agreed.

How bout Sick Vick? He's quite the QB!!!

You too.

[randallscott35]

Wait A Second.

Wait a second, QE2 was supposed to lower rates....but but but now rates have spiked more than half a point in 3 weeks, blowing up mortgage locks and refis and higher rates implies lower house prices...there is zero recovery going on and nothing but margin pressures for every business.

Wait a second, there is no free lunch....we can't print our way into prosperity....we will have to eat this depression after all....but I believed in unicorns and free money....wait, our lenders are balking at our debasing the currency....but don't they understand how important we are....wait there are countries in Europe who are literally coming apart at the seams still hastening a bailout of Ireland today....but I thought that that was put to rest in May in Greece...Figures that dickhead smooth prostate operator would be booted before he realized their is no free lunch....Keep thinking Ben will save you. Everything he does makes it worse and the reckoning will be worse.

[dalakhani]

Originally Posted by randallscott35

Wait A Second.

Wait a second, QE2 was supposed to lower rates....but but but now rates have spiked more than half a point in 3 weeks, blowing up mortgage locks and refis and higher rates implies lower house prices...there is zero recovery going on and nothing but margin pressures for every business.

Wait a second, there is no free lunch....we can't print our way into prosperity....we will have to eat this depression after all....but I believed in unicorns and free money....wait, our lenders are balking at our debasing the currency....but don't they understand how important we are....wait there are countries in Europe who are literally coming apart at the seams still hastening a bailout of Ireland today....but I thought that that was put to rest in May in Greece...Figures that dickhead smooth prostate operator would be booted before he realized their is no free lunch....Keep thinking Ben will save you. Everything he does makes it worse and the reckoning will be worse.

Come on Randall. Surely you are not this naive. The fed announcement came with 7 weeks left in the year with some pretty big holidays in the middle. With all of the gains already realized at the beginning of the quarter, wouldn't it make sense for the rest of the profits to be booked before the end of the year????? How much money does Wells Fargo LOSE if everyone that locked in at 4% breaks their locks and goes elsewhere for 3.875????? They can't deal with the incoming capacity to make it a wash.

If you are delivering mandatories at 4% and you have a healthy margin already baked in compounded by serious capacity issues, what sense would it make to allow the fed move to drive down rates? With everyone so skittish it doesn't take much selling (or spin for that matter) to create a mini sell off.

And look what happens before the bell? Bond market comes back strong ahead of tomorrow's CPI. Coincidentally, it creates just enough time for the locked loans to close. A two week hiatus. Guess when rates will come back to where they were? Can you say the first two weeks in December...at the latest?

Wanna bet?

[Riot]

I can't believe you guys are not talking about GM IPO and China.

[jms62]

We can solve our economic problems by selling hunting licenses and having a 1 week hunting season on these scumbags.

http://www.msnbc.msn.com/id/40284176...ss-us_business

[randallscott35]

Enjoy your 90 dollar oil on the same day the unemployment rate goes to 9.8% and over 17% underemployed at a minimum...on the same day as wheat futures are lock limit up!!! Hey but who eats or drives or heats their house....as long as stocks are up that's all that matters. ****ing morons.