Investors!

Are you guys keeping up with what is going on right now...?

Im thinking of making some buys. Waddya think...

[docicu3]

I would wait a few days until there is a little more information about how low we are going here as the shock value of the current state of affairs is fast on the heels of new tops in the major indexes only a month ago.....

Originally Posted by docicu3

I would wait a few days until there is a little more information about how low we are going here as the shock value of the current state of affairs is fast on the heels of new tops in the major indexes only a month ago.....

Just moved some money out of Money Market into a mutual fund that is good but way too low imo.

Bottom eating catfish I am. And of course we might not be close to the bottom. But I guess we shall see.
This is a very tough game. Just glad I am off so I can follow things a little closer.

Last time I moved significant money was 1990 just before the Gulf war. Dow was at 2000. Dumb luck for the catfish.
I deserve to take a hit I guess. The catfish may not be in the deep part of the pond.

[Cajungator26]

Countrywide looks to be in serious trouble.

[Mortimer]

Originally Posted by Cajungator26

Countrywide looks to be in serious trouble.

CajunHo stock go down since she go to fo dollah.,,earning lepot rook bad.

Originally Posted by Mortimer

CajunHo stock go down since she go to fo dollah.,,earning lepot rook bad.

Oh lord.

Leave it in the escoteric room or something.
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I think I made a bad move. Dont think this is near the bottom. Oh well, its a longterm thing. Tomorrow will be interesting. This financial stuff is really wild right now and kind of invigorating. No one seems to know whats going on.

[Danzig]

Originally Posted by Cajungator26

Countrywide looks to be in serious trouble.

yeah, and that's who i have my mortgage thru...wonder if some loan buying will be going on...but we're ok, fixed rate, and VA--so really won't affect us regardless. thank goodness!

[Sightseek]

Originally Posted by Danzig

yeah, and that's who i have my mortgage thru...wonder if some loan buying will be going on...but we're ok, fixed rate, and VA--so really won't affect us regardless. thank goodness!

Be very happy you have a fixed rate. The Mortgage market is a bit scary right now with no secondary market and alot of people being unable to lock in with a refinance. Lenders are going crazy with their tighter lending terms and 3rd party appraisals.

Originally Posted by Danzig

yeah, and that's who i have my mortgage thru...wonder if some loan buying will be going on...but we're ok, fixed rate, and VA--so really won't affect us regardless. thank goodness!

If they already paid for your house (or sold the mortage to someone else), and you are paying them... should be no problems. I mean if the people who you bought your house from got their money... I would think you are in the clear?

I think its the people trying to buy, or a sale is pending that are getting popped cuz Countrywide is low on cash to finance. So the housing market just backs up cause no buying can occur. I think this is the problem... along with the after effects of this.