Questions asked and answered by T-BIRD
- Q:
11 AM update does not bode well for La. With a category 4 storm increasing
forward movement to 17 mph will only add to the destruction...
Less rain but more damage from increase forward speed along with 140 mph or so
winds.
Went through this same scenario with Hugo in '89. Cat. 4 135 mph. forward speed
was 21 mph. Many of you older folks will recall the destruction was extensive
from Charleston to Charlotte which is 200 miles inland. Took 3-4 years to
recover. Godspeed to the folks in La. especially after what happened in '05. -
Asked by T-Bird -
5 days ago -
3 answers -
50 views
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A: Agree...
All Stockpckrs out there....
in the direct aim of Gustav...
please take care of yourselves and family...
we are all here sending positive thoughts you're way..... more - Post your own answer
- Q:
Ron Insana, who you may remember use to be a talking head @ CNBC started a hedge
fund a couple of years ago. It recently went Ch. 11... Insana seem to be very
knowledgeable and business savy. Just shows what can happen... Story link
follows.
http://dealbook.blogs.nytimes.com/2008/08/19/running-a-hedge-fund-is-harder-than
-it-looks-on-tv/?scp=1&sq=insana&st=cse -
Asked by T-Bird -
7 days ago -
6 answers -
79 views
Bookmark this User - Bookmark this question - Report Abuse - A: Many more hedge funds to follow the same route as liquidity dries up. more
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- Q:
Bloomberg just announced the Fed to tighten lending standards in the commercial
sector.
Result of this will be small business owners not having access to adequate
capital. Result will be additional failures for small businesses. -
Asked by T-Bird -
25 days ago -
4 answers -
53 views
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A: i didn't sat get rid of the big boys.....it's the little guys popping up everywhere that
are taking away potential profits that would normally going to the big boys.....so i'm
just saying it's fine by me if the market cleans itself. more - Post your own answer
- Q:
Commodity sell off today. If this continues, proves one thing. Little demand for
basic materials going forward six mos. to one year. Less demand and many
companies that use these commodities in their products will be forced to cut
back on production.
Result, higher unemployment more layoffs, more bankruptcy filings and we enter
a full blown recessionary environment that many of you have never had the
opportunity to experience until now...
Last big one we had was the 74-76 time period with another moderate one from
80-83 and 91-93.
This one may possibly rival the 74-76 recession. -
Asked by T-Bird -
1 months ago -
10 answers -
112 views
Bookmark this User - Bookmark this question - Report Abuse - A: whatever you freaking drama quenn more
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- Q:
After today's job #'s... Having seen this happen many times b-4 look for upward
revisions in unemployment going forward.
For those of you who have been trading less than five years, use extreme caution
in this environment.
You owe it to yourself to read Rev Shark's daily market take for direction:
http://www.sharkinvesting.com -
Asked by T-Bird -
1 months ago -
2 answers -
27 views
Bookmark this User - Bookmark this question - Report Abuse - A: just waiting for the next pretender to call a bottom. Sheeesh more
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- Q:
According to the media pundits; the bottom has been hit! For the umpteenth time
at that.
If in fact the bottom has been finally hit. Has anyone taken into account the
HELOCS (equity lines) that are in distress. Not to mention the $8K plus average
balance carried on the credit cards.
I will keep adding to my SKF position. -
Asked by T-Bird -
1 months ago -
4 answers -
23 views
Bookmark this User - Bookmark this question - Report Abuse - A: Probably won't know the bottom until months after the fact. more
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- Q:
From Bloomberg:
July 28 (Bloomberg) -- Merrill Lynch & Co. took steps to shore up its endangered
credit rating by selling $8.5 billion of stock and liquidating $30.6 billion of
money-losing assets at a fifth of their original value.
I was never and even now not very good @ math. But if MER is liquidating $30.6B
in assets at a fifth of their original value. Is that not selling your inventory
at 20 cents on the dollar?
Only shows what this crisis is coming too... -
Asked by T-Bird -
1 months ago -
4 answers -
52 views
Bookmark this User - Bookmark this question - Report Abuse - A: HAHAHA - they are lucky to get 20% more
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- Q:
With Congress passing the rescue of Fannie and Fred... what effect if any will
this have
on the markets, especially the banks?
Reading the report today it mentioned a number of Repubs. not voting including
McCain and especially
Bunning who gave such an eloquent dressing down to Paulsen in the earlier
hearings. -
Asked by T-Bird -
1 months ago -
5 answers -
107 views
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A: well, as for what the bill does for housing, i personally dont feel it will do much, but i
turn to people like you (t-bird) to tell me such things. i dont have that kind of wisdom.
as for the $USD, since others were talking about it, current account deficit and interest
rates! anyone who has traded forex knows these are crucial to any currency (no, they arent
the *only* things, but they are the most important). the USD can move vs the yen, i think
the euro is weak--for now--but the dollar needs less debt, more certainty i.e. war in
iraq, and higher rates.
bank stocks? egh, i dont know. they may pop, too many people will see this as bullish, but
im a skeptic of such a view more - Post your own answer
- Q:
Would like to provide information into the real estate market. All markets as
you know are local, but the following scenario is now beginning to be played out
in the luxury sector.
Had an agent in my office who has had a historic home listed for over 18 mos.
Original list price was close to $5M. Based on historical comps the home was
fairly priced.
Unable to sell, the seller lowered the price in increments to $3.8M. He received
and accepted a contract to purchase for several hundred thousand less than the
above figure. Shortly after the home inspection the buyers backed off. They used
the home inspection as the excuse, though the home inspection was terrific. To
clarify, in all of our transactions we place a satisfactory home inspection
contingency so as to give the buyer an escape clause if needed. The agent in my
office who had the listing said the buyers wanted the home but were fearful
concerning the economic climate going forward. This is only one example of many
I am hearing in the upper end market... Otherwise, in the under $500K market,
that segment of the business is holding its on. -
Asked by T-Bird -
1 months ago -
12 answers -
175 views
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A: T-Bird, I visited Pawleys Island, Litchfield Beach area in April and visited Charleston
for the day and loved it. While walking around the historic area near the harbor we ran in
to a contractor who told us he couldn't beleive how much money people threw into
renovating those historic houses. I was checking out the real estate around Pawleys though
and it's an easy one hour ride down US 17 to get to Charleston.
Hey, I've been trying to get a few of us on this site to chip in 50-grand each so we can
buy a place somewhere nice. Want in? more - Post your own answer
- Q:
Good news on the increase in durable goods. Keep in mind that over 16% of this
increase was defense related. Without the US Govt. number would have been
flat... -
Asked by T-Bird -
1 months ago -
2 answers -
47 views
Bookmark this User - Bookmark this question - Report Abuse - A: Rather the glass is half-empty instead of half-full. more
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