RE: THE CURRENT SUCK EM IN RATE REFI SCAM

Thanks to everybody who responded to my post. I truly appreciate the time taken.

Based on my personal experience so far, the mortgage industry is functioning very poorly in reality I honestly don't see any reclamation of the past albeit healthier climate until a few things happen..

WallStreet meanwhile is contemplating a DEM congress and prez - hello 1993... plus Dr. Doom Plosser didn't help today... we deserve a zero fed funds rate... how can they reliquify the market by keeping the rates high... the lower cost of money came down on adjustable rates- and look at the LCDXX index pri..it came all the way back down while the cdx has gotten wider!

It looks bad - cash flows compromised, weakening credits... more credit shoes to fall for sure, the banks are gonna be the last ones standing in a cheap Costco suit.

IS there a private way out or is the govt gonna step in and buy the paper?

They could use it for next years ticker tape parade in NY..the .gods only knows what that cost the taxpayer.

If you take out financials 4th quarter earnings were up on average 24% -is that so bad?
But........
Chain store sales are gonna suck, auto sales on automatic pilot for now, am ex is NG, Mickey D's fried itself, labor stats sick...
Be careful what you wish for????
The market got two cuts so far... the FED eases and the cretins running their credit tightens anyway... we can't afford NOT to see a rise in asset values in housing,they are stuck with all those lousy corporate loans on their sheets -our current brilliant govt thinks a rebate will do it, and we are staring down the possibility of a democrat prez when what we really need is a tax CUT to lower their taxes to offset the losses!!!

Folks we need cuts not rebates!!

Can't we all get on the same page here people???
And if we do get stuck with a Dem congress and a Repub prez????
Then let the 1986 tax package model be reviewed where the dems and repubs worked together to get it done!

And what the heck is going on with the dollar? Is it going to go up now that all the other currencies are gonna take it on the chin -will it lead us out of the recession that sort of maybe was? lol

In a there's gotta be a pony here somewhere moment, I offer up one more positive...

-Mr no-neck Joey Bats went BULL MODE yesterday - added 5% equities to the mix... WOW!!!

Yeah, we'll be out of this mess sooner rather than later...they say late Spring... would be nice...

(Kind of OT: Just in time to address Al Kaeda plan to attack us from Pakistan? Sure hope Hillary doesn't start to cry again over that one... but I am surprised that McCain has not mentioned this problem but I guess he has bigger fish to fry - the wrath of - ugh -Ann Coulter!)

Good luck folks.. I wanted to share my mortgage experience thus far - I am hoping I can at least spare others the initial shock... I will wait for the 5.25% like the other hopefuls... hahaha.

Sorry I will be missing invesfest again this year. Sounds like a great opportunity.