Pollie`s Weekenders

Wrink,damn good find on the last post.I gave it a thumbs up.Its going to cause the bottom to fall out of real estate prices.Thats good for the buyer!Bad news is they have a hell of a job finding financing for a while.Big banks are going to be hard pressed to lend money while under duress.This is where a close relationship with a local bank comes in handy.

You wont be able to drive two blocks without seeing a wall of foresale signs.Banks are going to try to unload foreclosures.That will create a competition to unload cheap.

Wrink,damn good find on the last post.I gave it a thumbs up.Its going to cause the bottom to fall out of real estate prices.Thats good for the buyer!Bad news is they have a hell of a job finding financing for a while.Big banks are going to be hard pressed to lend money while under duress.This is where a close relationship with a local bank comes in handy.

-polliesboy

I keep saying it, people don't get it, they don't understand what is happening here and around the world. When we sink, the rest follow. There are going to be many many more companies going belly up, watch and see. You and I are on the same page in this area. We are no where near the bottom of the real estate market, folks jumping in buying foreclosures think they are getting a good deal, well if they wait another year or two, they will get it for half that amount, patience. Dig a hole in the backyard and bury your money if you got any, NO BANKS! Going to get very ugly as we go along, stock market will crash, I still believe it, we are only warming up at this point. The Perfect Storm is happening with all factors and indicators.

I may be wrong but Im looking for a redistribution of mney from the big boards to the small caps.the reason I say this is just like LEH dropping to .19 from about 28.00 a month or so ago.Most of these type investors are holding thousands of share ,but not hundreds of thousands.It will behoove them in a lot of cases to buy cheaper stocks to own millions of shares.I think cheaper enenergy stocks & medical & some precious metal stocks may look good to them.I dont look much at tech or pharms right yet.I thinks it bears keeping a close eye on for a while.The money will either trickle down or go to a cash position.A cash position is dead money,safe but dead in the water.the damn uptick rule for shorting is also hurting stocks pps.When the uptick rule was still in effect it was hard to accumulate a large position on only the uptick.If market keeps falling you may see some drastic measures to intice new investors.Hell I cant lose much right now because I dont have much to invest.The last three months have been tough.I`ll survive,but am giving up a lot to do it.Wish I was making enough to have to pay uncle $100K this year.I would give it to them with a smile.Some people just dont get that thinking.Its called would you rather only pay $4000 in taxes because you earn $25000.Or would you rather pay $100k because you earned over $200K.I think the answer should be rather obvious.The guy that paid $100K still has 5x as much disposable income.The guy that made 25K has nothing left to save or invest to climb out of poverty.The other guy could live the same as the poor guy & save 50k with ease.Sometimes it doesn`t hurt to make a mental audit of ones position in the world.Its not all up to you,its a matter of circumstance as well.2 guys born the same minute with nothing.Both start with nothing,but one guy was born in USA the other was born in Poland.Now are both equal?If both were healthy & of equal brain capacity,which has the best chance to become successful.Everyone does not have the same chance,not even in this country.Some,no matter what are born with a unfair onus.You could be the best person in the world,but if your dad was Ted Bundy it just diminished your chance of succeeding.Hundreds of thousands of scenerios that changes every persons chances.Just take a look at our 2 presidential canidates.One came from a family of means,success was guaranteed without him doing anything spectacular.The other from a mixed breed family of very meager means.But instead of his mom giving up & drawing welfare she fought on to give her son an education & a chance at going further.He has done something with his meager beginnings,compare with someone that had every chance in the world ,but chose to thumb his nose at the world for his first forty years.He lived 6 yrs in a prison camp & suffered.For that I am sorry.He paid a big price for his country.Now he was rewarded his position in congress mostly because of that fact.Other than those 6yrs hes been handed life on a silver platter because he was born into an admirals family.Guaranteed a great education on that fact alone.Believe me that is a high priced college.Its equal to most Ivy Leaguers education.Who had to work the hardest to arrive at this junction in life.

I keep saying it, people don't get it, they don't understand what is happening here and around the world. When we sink, the rest follow. There are going to be many many more companies going belly up, watch and see. You and I are on the same page in this area. We are no where near the bottom of the real estate market, folks jumping in buying foreclosures think they are getting a good deal, well if they wait another year or two, they will get it for half that amount, patience. Dig a hole in the backyard and bury your money if you got any, NO BANKS! Going to get very ugly as we go along, stock market will crash, I still believe it, we are only warming up at this point. The Perfect Storm is happening with all factors and indicators.

-wrinkles

Hey dont take the political views as a personal insult.I dont take someone attacking Obamas character personal.He`s not my dad or brother or son.He`s like McCain another politican.Not worth hard feeling.I believe what I believe & everyone else believes what they believe to be right.That`s one of the great things about America.First ten amendments,are the articles of the bill of rights.No matter whether I agree with what you say,I agree with your right to say it.

Once every four years we have a decission to make.I think it should be decided by more than some damn biker looking chick saying she eats mooseburgers & breeds like a rabbit.

-polliesboy

Welcome to manipulative sterotypes. The easiest to present and script...

I wonder if a politican can sue for deflamation of character,when the other party lies.It can directly affect there chances of getting the job.By god I wonder if the ACLU has looked at that.Sounds like it should be up their alley.It could make campaigns a little less mudslinging.I have always detested that type of campaigning.I feel that character assassination is wasteful.The issues of running the country finances & well being & a certain amount of defense should take top priority.Laying out how to improve the budget & how exactly to create more jobs is more important than who slept with who or what kind of glasses someone wears.I cant believe the news people prefer to talk about what kind of glasses Palin wears to how she conducts business in her state.What the hell does that have to do with qualifications.Their families,another issue.Who cares Im not voting for their families.Billy carter was a stone around Jimmie`s neck.Why should he be held accountable for his brothers redneck antics.Do I care if the president can shoot a AK47 or catch fish.Hell no! He`s not being elected to fish or shoot or sing or dance or have a religous congregation.Hes being elected to run the damn country & spend our damn money like its our money,not his.Hes being elected to represent us to the world,not his own damn agenda.I expect him to carry himself as a gentleman,not a damn Idi Amin goon.Nobody likes an asshole with a damn axe to grind all the time.They call "discretion the better part of valor" for a reason.Dont remember right offhand who said that,but it rings true today.Some should learn to practice not posturing to the world.Its very indignant.

See you all tomorrow.

I am starting to like Romo but, he needs to stop those turnovers.

Pollie,

I do not know how to vote for. Can you help me out?

Where is Ross Perot with all of his charts.

 

im getting executed contracts on 2-3 homes A DAY as CASH deals... investors are cleaning up the REO market big time here and we are seeing HUGE spikes in multiple offer asset situations with almost no problems getting fiancing for even these shit hole homes mostly the banks who own the asset are also doing the finacing for the loan & just ready to dump the house ASAP. not as bad as everyone thinks- tons of money being made right now and in the YEARS to come.

-emcee763

Emcee come back and talk to me about this in 5 years. Way to soon to be buying even foreclosures, wait and see. Cash is king buddy in this moment in time, keep it liquid, relax, patience........What appears to be making money will be losers one day soon as we keep going downwards here and around the world. Going to be one rough ride, so buckle up.

Analysts making dramatic forecast cuts
Posted Sep 12 2008, 04:36 PM by Kim Peterson Rating: Analysts have been busy channeling Sweeney Todd this week, making dramatic cuts across the board. No industry appeared safe from the chopping. Thanks to Barron's for providing a nice roundup.

In the big picture, analysts are realizing that they overreached on profit estimates for companies. Money managers have been complaining about this for a while now. Were the analysts just overly optimistic in the first place, or has the oft-cited "macro environment" gotten worse? Both.

Here's a roundup of the latest cuts:

Apple: American Technology cuts estimates for the current year by 5 cents to $5.29. Next year's estimates cut by 20 cents to $6.15. Analyst says customers shifting to lower-priced Macs.

AT&T: Credit Suisse cuts 2009 EPS estimate to $3.28 from $3.33, expressing concerns about the wireless business and customer acquisition costs.

Baidu: Pacific Crest cuts price target for the Chinese search company to $360 from $405.

Bank of America: RBC cuts profit estimates after the bank said it would buy back $4.5 billion in securities.

Best Buy: UBS cuts rating to Neutral, cuts price target to $48 from $59 and cuts EPS. Cites excess inventory in LCD televisions, among other issues.

Computer chips: American Technology went on a rampage through semiconductor stock land, cutting ratings on nine companies to Neutral. Analyst says that macro factors will "limit consumption of discretionary consumer electronics devices."

Goldman Sachs: Keefe, Bruyette & Woods cuts profit estimates, expecting lower equities trading revenue.

Intel: Friedman Billings cuts EPS estimate for 2009 by 5 cents, cites weakening demand.

Titanium industry: Longbow Research cuts expectations for several companies in the titanium business, citing delays in Boeing's 787 program.

Verizon: Credit Suisse cuts 2008 estimate by a penny and 2009 estimate by 2 cents.

Hey dont take the political views as a personal insult.I dont take someone attacking Obamas character personal.He`s not my dad or brother or son.He`s like McCain another politican.Not worth hard feeling.I believe what I believe & everyone else believes what they believe to be right.That`s one of the great things about America.First ten amendments,are the articles of the bill of rights.No matter whether I agree with what you say,I agree with your right to say it.

-polliesboy

Well that is another thing we agree on!

Folks this damn market is crazy.I think right now if your not already in a cash position,let it ride.I feel it will bounce on the solid ones.Somewhere soon people are gong to say to themselves,why sell for nothing.Thats when it will turn around.So hold on & wipe that sweat off your brow.If the stock was solid in your mind last week,nothing has changed.The tide of speculators goes out then comes back in.

I think you're right Pollies, people are scared and dumping for no reason

TG posted in Pump & Dumps ... watch AIG if you have LVL 2 ..... he called it right ... it went down to 1.25 and has been up to 2.80 so far ... up / down ... down / up .... estimate around $4 when it settles ...
The AIG trades are zooming on my screen ... fun to watch anyway.

Pollies ... do you still have any GEAC ?? Maybe you do, if not check out the latest news release ... Hydro Power