I read the original WSJ article and it sounds like a very big potential problem. Basically the Biden Administration underwrote a lot of bad mortgages and if we don't keep putting money into the market to keep those loans afloat, we risk a crash. I don't think the conventional wisdom has people from Pennsylvania Ave to Wall Street to Main Street thinking housing will rise in perpetuity the way they did 20 years ago, so there won't be the widespread issuing of derivative insurance products like last time.
-
Comment -
MADder cut me some slack.
I just returned last night rom the Big Island of Hawaii so Aloha and Mahalo.
i was gone for 9 days.
in other news, we have given back all of the gains from last week and April 2 is getting here quick.
other countries are puffing their chests out against the bullying.
see Canada.Comment -
Apologies to you for being human and enjoying life. Why I'm a para-mutual (Poker/Racing). It's been me against the world and don't think the world will ever squeeze that out of me, to my dismay.
I've been negative (economy/Market) for some time and quite frankly it could be much worse. I keep hearing about all this $ 7B? in CD/MM on the sideline just waiting to buy equities. Fools in my mind as most is Madison like, (Conservation of capital). Show me these stats, grouped by age. Many elderly have spent a lifetime accumulating whatever and SS and interest is their God-Send.
Comment -
-
Barf Bag???Comment -
liberation day on weds 4/2? i am not a believer, sorry. i want to be but i am not.Comment -
My investments are holding up but I don't know for how long.Comment -
Speaking of Gold, where is Slurry?? Maybe sailed off into the sunset after watching his stockpile soar in value.Comment -
Here's a company RKT you should have on your watchlist (Long term) under the premise, sooner or later rates will lower and housing will accelerate.
Mr Cooper Stock Surges 26% Pre-Market After Rocket Companies Agrees To Acquire It For $9.4B: Retail’s Not Impressed Yet
Comment -
They better rustle up some buyers quickly.....otherwise this will get real ugly!Comment -
Shaky market with the Tariff drops, wait for more drops then invest is my best guess. Keep it simple...Comment -
Shaky? If he stays with these tariffs, we are plunging into a global depression. Only hope is if he quickly decides to reverse course and lie and say that other countries are giving us something. These are all self-inflicted wounds. Each day that this goes on increases the chance that it's irrevocable. The crash could be spectacular. But there might still be a little time to reverse. Trump is an idiot and you know it.Comment -
Just used dry power to buy a smidge of my high conviction stocks.
Not sure Im right here but KEY is to watch the babies being thrown of with the bathwater. Lot of good stk's get tossed with the ETF's due to no problem with them.
Comment -
Agree. It may not work out but I sold put options on some beaten down stocks I'd like to own. Collected some nice premium. And if I end up getting the stocks at the lower strike price I'll be fine with them. I'm prepared to do more of the same if the market moves lower.Comment -
No President has ever tanked the market the way Trump is. If Harris, Biden, Obama or anyone had done this, Trump would be calling for impeachment. If he doesn't reverse course, it's going to be a global depression the likes of which nobody has ever seen. 100% self-inflicted Trump-induced. The blue wave in 2026 will be astounding and overwhelming. Republicans deserve it. And anyone of them speaking up now -- too little, too late ya spineless weasles.Comment -
where the phukk is JOSH right now ?Comment -
You know I don’t think I heard any of you say thank you once today.Comment -
If this thing doesn’t rebound next week SPX is heading to mid 4,000 or lower.Comment -
He is researching how to blame this mess on Biden. He will find something Biden said 10 years ago to blame the market tanking on his policies. One thing Republicans never admit is that they were wrong like their cult leader who has no idea what he is doing. Who in their right mind would put tariffs on an island inhabited only by penguins? I guess the penguins have been doing us all wrong in trade all these years!Comment -
For what, policies that began while he was the president that if not continued could destroy the housing market and hammer banks?
My comments? This is what I complained about Trump in his first term. It is very hard to run a business when you have no idea what costs will be next week. It looks like Rand Paul is submitting a bill to strip the president of his tariff power, which is what I hope happens.
As far as the charts go, we’re completely washed out. None of the stocks on the XLB and XLE are above their 50 day average, and only 10% are above on the Nasdaq. There are a lot of bullish divergences in the market. We could see a waterfall Monday, like we did Black Monday in 1987, where we’d lost roughly 10% in the 2 or 3 days prior. I do have some puts just in case, but we might have Trump announce all the tariffs are off since everyone wants to make a deal with him. I’m totally against taxes on business since they’re commonly passed on to the consumer.
One of the things that are different about the 2 of us is that my loyalty is to my country and ideology that makes any country better, while you’re loyal to your party above all. I’ve never supported any type of business tax, while your party is against them while also wanting to raise them. I love the way traitors like you claim the economy of 2019 had nothing to do with Trump’s policies and were due to Obama, the economy of early 2021 had nothing to do with Trump but Biden, the economy of 2020 had nothing to do with Covid but everything to do with Trump’s economic policies, and the economy of today has nothing to do with Biden. Biden’s economy was not good in 2024, which is why the democrats got pushed out of power in 2024.Comment -
Josh, will be interesting to see if Monday is bad (as you infer). What is going on here? Are people losing faith in the USD as a currency?
See the Friday divergence in the Bitcoin stocks versus most other Stocks. Pretty eye-opening.Where's the fuckin power box, Carol?Comment -
Also, Josh. Love your avatar.
"So, are you Chinese? Or Japanese?"
"Neither. I'm Laosian."
"Which ocean?"
"I'm from Laos. A land-locked country in Asia."
"So. Are you Chinese? Or Japanese?"Where's the fuckin power box, Carol?Comment -
Where's the fuckin power box, Carol?Comment
