....and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.


I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

hk wrote:
Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.


I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.


Whoops. The fed just cut rates by 3/4 of a point. Can't recall that ever
happening before...all bets are off.

hk wrote:
...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Thanks for reminding me that I have the opportunity to refinance my
mortgage and reduce my monthly payments.

Also, we are in the process of deciding what new car we are going to
buy. We may be able to get a loan from with zero interest from the
dealer/manufacturer.

On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.

I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)

On Jan 22, 8:29*am, "JimH" wrote:
"hk" wrote in message

. ..





Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. *We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. *Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.

I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Could be.

We met with our financial advisor yesterday afternoon to arrange payoff of a
college loan. *He had forecast this drop back in fall and positioned his
clients holdings in less aggressive funds.

Even the bond market is stagnant with the largest holding $12 billion in
cash waiting on the sideline to see how this all works out. * If the bond
markets start to drop then you know we are in bad times.- Hide quoted text -

- Show quoted text -

If you'd have started college savings programs for your kids, then you
wouldn't have loans to pay off.

On Tue, 22 Jan 2008 08:25:55 -0500, hk wrote:

hk wrote:
Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.


I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.


Whoops. The fed just cut rates by 3/4 of a point. Can't recall that ever
happening before...all bets are off.

Chicken.

Typical Yamaha owner. :)

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)


You're on, though I think it will close above 12000. Ain't gonna open
there, though. But I will take the downside.

On Tue, 22 Jan 2008 08:34:38 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)

You're on, though I think it will close above 12000. Ain't gonna open
there, though. But I will take the downside.

Done and done.

WHOO HOO!!! :)

Hmmm - think I'll have to buy some more IBM. :)