High frequency trading & the bottom of a deep recession vs. nyc unreal estate.

No you're not, 2 tsunami's are coming. Commercial real estate mortgage defaults and Residential Alt A mortgage rates resetting from 2010 to 2012. Americans investors are stupid that way: "let's look at the good news and turn back to the bad ones" , and the stock market will rise.

only insofar as your use of the term "up most". The word is utmost (for all intensive purposes).

i would argue CRE, LBOs, Jumbo, Prime...im not too concernd about alt a, pick a pay resets because many of those guys refi'd and the index, LIBOR, they reset too actually has come in big time making those recent resets actually adjust LOWER.

Im more concerned with ARM recasts, and a principal adjustment and a monthly payment adjustment, and the wave there

West34, the term is "intents and purposes," if you get my just.

I get it, it's a doggy dog world!

Ieb, I have felt that we were in a false period of stability since the 1990s (when I was old enough to start understanding some of this stuff). These days I'm just trying to learn to live with insanity.

The big question out there for me is the ARM recasts. Those are supposed to start coming late 2009, am I wrong, UD?

"for all intensive purposes"
Are you kidding me?

Irregardless, I my head literally spins around when I read this thread. "Americans" investors do something different than British investors? Or French? Or...? How exactly do Americans who want to make money behave differently than their European or Asian counterparts? Or anyone anywhere for that matter?

"false period of stability since the 1990s" What is your point? We'd all be better to put our $$ in a mattress since 1990? Or accept the market is what it is and invest accordingly. It is kind of hard to argue one ought to have sat out the markets from 1990-2008.

It feels like the period after 9/11. That time they were able to reflate the economy. Part of the mess that we now have is the result of that. It may not work again. I guess that we'll find out.

I like cash and real estate (at the right price).

Kyle, it's called sarcasm. You sound like a wolf in cheap clothing ;-)

Kyle, there is a Huuuuuge difference between Americans and Europeans. To start with, medias in Europe are not as much manipulated as they are in the US.
Do you watch TV? Have you noticed that since the big AIG bonus scandal, networks like CNN don't talk about the financial crash or unemployment , or the foreclosure problem as much? It's obvious that the government gave the network a call and told them to stop with that shit! Want to talk about something instead? Talk about Michael Jackson, the Swine flu and North Korea... It keeps Americans thinking about something else than their money or their underwater home.

Irregardless?

West34 -- actually, it's not sarcasm. It's ironing.

Nope, the latest diversion is healthcare! Funny how the administration suddenly focused on heathcare reform in the middle of the biggest financial crisis since 1929, no?

The only thing that pisses 180,000,000 employed Americans off more than Wall Street bonuses is the possibility that their employer-provided health insurance is gonna get taxed as income! Now that's a diversion.

I have a TV and have been listening to the 'happy days are here again' song. What amazes me is our ability to eat this giant steaming pile of....misinformation. I am also amazed at the news media and their endless irresponsible journalistic behavior.

pimps and whores

pimps and whores

While I'm on this rant...
anyone notice that the government printed some 'extra' money?
Where do you think that money went? think some of it drifted towards the market???
This stimulus package is the biggest sugariest cream filled donut you ever saw.
You eat it and you enter a carbohydrate high second to none. The air is sweeter, colors are brighter...
Then the sugar metabolizes and there is nothing to hold the blood sugar level and down you go...
Down, down, down.
Got the economic-donut in my tummy right now and my gut says, "happy days are here again".
My brain says...............look out below!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

West34, the only thing that could get america off its fat collective ass and out on the street rioting is having significant numbers of loved ones die from a lack of health care coverage. thus it's a priority.

ar, at the risk of opening a can of worms, please recognize a fact that the Democrats have ignored before, but now seem to be using as a political chess piece. Most voters have health insurance, employer provided, and this issue doesn't sell on Main street, on the soccer mom fields, in the factories, union halls, for govt workers or pretty much anywhere else. The vast majority of Americans are not going to ERs for a physical. It's a land mine and a diversion, nothing else. It's out there now to keep us from focusing on the disgusting bailout of corporations and foreclosure relief for FBs (fu*cked borrowers).

one third of people in their 20s don't have health insurance. and that's despite the fact that many are covered on their parents' policies until they are 25. many small business owner, self-employed individuals, a ton of un and underemployed people do not have health insurance. the gov't is providing extended benefits for some but most likely can't do so for much longer. the U6 is at 16%. many of those people's status affects others (primary providers). i don't buy it that most voters have health insurance. i know many people who don't have health insurance, and many others who only have catastrophic.

you must be joking. the tales of insurance companies not paying for services are legion. the tales of increasing premiums being paid by employees are also rampant. to the extent that voters have health insurance they've seen it become rapidly more expensive with higher and higher premiums and deductibles, greater exclusions of coverage, and nearly impossible to negotiate customer service that seems to be interested only in denying claims. to say this is a "democrats" issue is absurd. health care costs are out of control and quality and access for all but a few is declining.

West34, you're very funny.

But I don't think healthcare is a calculated diversion. I think aboutready is right -- we all see that that the current system doesn't work and all of us are affected by it one way or another.

I have employer-based health insurance but it only goes so far. When my knee problems flared up, the insurance would pay for only limited physical therapy sessions, even tho the PT was working and it was far cheaper than surgery. So I paid for the rest of it myself.

On top of that, I pay a lot of money out of pocket to stay healthy -- gym membership, vitamin and food supplements, accupuncture, yadda yadda. Insurance won't cover this stuff -- nor can I deduct it as nonreimbursed medical expenses -- which if you ask me is idiotic because the cost of prevention is far less than the cost of treatment.

But I continue to pay for it myself because I can see that it makes a difference in my health and well-being, which is worth the cost.

Anyhow, I think everybody sees that the system we have doesn't work. I disagree that people think it's a non issue. It's a huge issue.

However, that said, Obama won't be able to fix it, nor could anybody else fix it. Our elected reps do not run this country any more, they don't have the power. The monied special interests have the power, any policy is made according to what they say, not what the electorate says.