Cesarnc's market talk, gossips, rumours & fun

My strategy is buy, hold, sell, get rid of this hangover. BOOM profits.

What the hell is happening?

Bad news gets a rally and now good news take us down ? Crazy stuff... any news I should know of?

The usual:

Ambac may need to raise more dough,
Retailers decent Feb sales,
UBS has more writedowns.

Dutch can explain this bad news is good news thing better than anyone,

$ 62,000,000,000 a.k.a. $62 billion

Move over Bill Gates and Carlos Slim. Buffett is now the world's richest person.

I would live fine with 4 zeros less

I'm going to only repeat this one more time:

The bad news that is old bad news is really good news as its not new bad news. New bad news, unless its not related to old bad news, can be good news if the feds bring good news. Now bad news that doesn't bring good news from the feds is really bad news. Are we clear now?

May I suggest that you put in your signaure line?

But I thought today was good news, because the bad news weren't as bad as we thought... and they were old.

So this should be fresh good news... which is bad news?!?

I'm confused... can you explain that better

Just wait until tomorrow at 8:35am est.........he will then be able to explain it even better......


HOLLA

We're not closing below 12k on the Dow today. Probably tomorrow we will if NFP helps. I'm looking for the usual "Oh shit we're below 12k, let's buy" rally.

Ambac deal done, +75 close

Or we sell the news... isn't that old news anyways?

:surprised

The Fed is cutting rates to bolster the slumping economy and keep the credit crunch from getting worse. But in the process, the central bank is creating other problems--including the potential for higher inflation (via dollar down)

I have gold topped 992.50 today. On its way to $1k.

I think I'll start buying some green after the next rate statement...

I'm out of the market for some days now. As I managed very well to erase gains and losses to end up B/E days in a row, I decided to B/E the easiest way. Staying out . And waiting for the next good opportunity to go in.

Also out of carry trades until March's end - end of Japan fiscal year. Hopefully, the stock market resumes the uptrend til then... I dont think so, really.

Homeowner Equity Below 50% for First Time Since 1945

HOMEOWNER EQUITY, HOUSING, HOME OWNERSHIP, HOMEOWNERS, FEDERAL RESERVE
By AP

The Associated Press
| 06 Mar 2008 | 01:34 PM ET


Americans' percentage of equity in their homes fell below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday.

Homeowners' portion of equity slipped to downwardly revised 49.6 percent in the second quarter of 2007, the central bank reported in its quarterly U.S. Flow of Funds Accounts, and declined further to 47.9 percent in the fourth quarter -- the third straight quarter it was under 50 percent.

That marks the first time homeowners' debt on their houses exceeds their equity since the Fed started tracking the data in 1945.

The total value of equity also fell for the third straight quarter to $9.65 trillion from a downwardly revised $9.93 trillion in the third quarter.

Home equity, which is equal to the percentage of a home's market value minus mortgage-related debt, has steadily decreased even as home prices jumped earlier this decade due to a surge in cash-out refinances, home equity loans and lines of credit and an increase in 100 percent or more home financing.

Economists expect this figure to drop even further as declining home prices eat into the value of most Americans' single largest asset.


Moody's Economy.com estimates that 8.8 million homeowners, or about 10.3 percent of homes, will have zero or negative equity by the end of the month. Even more disturbing, about 13.8 million households, or 15.9 percent, will be "upside down" if prices fall 20 percent from their peak.

The latest Standard & Poor's/Case-Shiller index showed U.S. home prices plunging 8.9 percent in the final quarter of 2007 compared with a year ago, the steepest decline in the 20-year history of the index.


The news follows a report from the Mortgage Bankers Association on Thursday that home foreclosures skyrocketed to an all-time high in the final quarter of last year. The proportion of all mortgages nationwide that fell into foreclosure surged to a record of 0.83 percent, while the percentage of adjustable-rate mortgages to borrowers with risky credit that entered the foreclosure process soared to a record of 5.29 percent.

Experts expect foreclosures to rise as more homeowners struggle with adjusting rates on their mortgages, making their monthly payments unaffordable. Problems in the credit markets and eroding home values are making it harder to refinance out of unmanageable loans.


The threat of so-called "mortgage walkers," or homeowners who can afford their payments but decide not to pay, also increases as home values depreciate and equity diminishes. Banks and credit-rating agencies already are seeing early evidence of this.

On Tuesday, Fed Chairman Ben Bernanke suggested lenders reduce loan amounts to provide relief to beleaguered homeowners.

2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

URL: http://www.cnbc.com/id/23503784/

So will the BoJ cut tonight?

To what? -10%..........Now I'd buy that for a dollar.......

DOW closes at -215......


I guess tomorrow we will test that 12K again.

Euro and pound heading for higher ground.

HOLLA

Okay so one last time.

Todays bad news was new bad news that was unrelated to the bad old news we already knew about. So since we have new bad news it really is bad news as we hadn't expected any new bad news.