subprime...dont forget

[toastblows]

incase anyone in the market has forgotten that mcdonalds workers should not have qualified for $500K houses 4 years ago.....

Seriously. Im getting impatient with companies that beat expectations, solid growth, outstanding dividends...and still slide day after day because some ****ing citibank loan officer gave a $8/hr worker a huge ass loan they cant afford. Im just about ready to bail out and invest in my "matress" portfolio.....stuffing my money under my matress. It loses 0% a day on average.

Needed to vent.

[moo321]

I'd put it in gold before I'd put it in the mattress. And you'd be surprised at how much some people can make at fast food joints; I knew a store manager at one that made $70k a year.

[toastblows]

Originally Posted by moo321

I'd put it in gold before I'd put it in the mattress. And you'd be surprised at how much some people can make at fast food joints; I knew a store manager at one that made $70k a year.

i like to call my safety net my matress portfolio..because on average stock slumps it does quite well....

$70K...**** im in. Welcome to Wendys, may i take your order

[ChefJJ]

Originally Posted by toastblows

incase anyone in the market has forgotten that mcdonalds workers should not have qualified for $500K houses 4 years ago.....

Seriously. Im getting impatient with companies that beat expectations, solid growth, outstanding dividends...and still slide day after day because some ****ing citibank loan officer gave a $8/hr worker a huge ass loan they cant afford. Im just about ready to bail out and invest in my "matress" portfolio.....stuffing my money under my matress. It loses 0% a day on average.

Needed to vent.

Vent away. Can't wait for this CD to mature so I can scoop up some more equities these days.

[sagefr0g]

Originally Posted by toastblows

incase anyone in the market has forgotten that mcdonalds workers should not have qualified for $500K houses 4 years ago.....

Seriously. Im getting impatient with companies that beat expectations, solid growth, outstanding dividends...and still slide day after day because some ****ing citibank loan officer gave a $8/hr worker a huge ass loan they cant afford. Im just about ready to bail out and invest in my "matress" portfolio.....stuffing my money under my matress. It loses 0% a day on average.

Needed to vent.

yeah it's crazy. i dunno i watch my own stocks performance closely. it's been a lot of down trend since this sub-prime fall out has surfaced. but watching the stocks i get a sense of underlying strength and vitality. it's as if the values are trying to improve even with the affects of the mortgage mess. seems reasonable that the values are doing what they are doing but because of the underlying strength one should suspect as the sub-prime mess 'heals' up that things will improve considerably.

[toastblows]

i just had a stock declare a 9% yield on 1 qtr of business with a bunch of 1 time right downs....the div was sweet....probably is off its top in the last 3 weeks by about 35%.....makes sense.

Today though i read an arab investment group is going to pump 7.5 billion into citibank..so all our worries are gone Even the analyst in the story said something to the affect of "yesterday the credit market was in dire, today we are fine?".....exactly my thoughts.

[bj bob]

Originally Posted by toastblows

i just had a stock declare a 9% yield on 1 qtr of business with a bunch of 1 time right downs....the div was sweet....probably is off its top in the last 3 weeks by about 35%.....makes sense.

Today though i read an arab investment group is going to pump 7.5 billion into citibank..so all our worries are gone Even the analyst in the story said something to the affect of "yesterday the credit market was in dire, today we are fine?".....exactly my thoughts.

Reminds me of a famous quote by one of our great statesmen: "Prosperity is right around the corner." --H. Hoover