10 replies to this topic

[greenie]

Edited by greenie, 13 March 2007 - 03:49 PM.

[eminimee]

Bait?

[greenie]

ask him - he has all the answers

[eminimee]

Greenie...this morning in a thread of mine you mentioned GE's exposure to subprime market....what division are you talking about?

[greenie]

Hi TP,

http://www.reuters.c...959257020070310


Run away from anything based in California. Seriously !!

Edited by greenie, 13 March 2007 - 05:13 PM.

[eminimee]

that's a very small spit in the bucket for GE.

[greenie]

that's a very small spit in the bucket for GE.

Possible. Market's go through perception though. Those kinds of news make GE perceived as a subprime lender. Only when the selloff is complete, smart money will come and pick up jewels from trashes.

[CLK]

Greenie,

Good call on bonds a month ago, though I got shaken out
and involved with another issue.

What is your take here, breakout or top ?

Thanks.



http://stockcharts.c...5002&r=3775.png

[greenie]

TLT is going way higher over the long term according to my model. Don't get shaken out. Treasury bonds do well in credit crisis and deflationary recession, when people avoid risky assets. Read US financial history of 1930s - bonds were the only asset class that did well (other than gold, but all gold was taken away from people anyway). Also, do not listen to morons, who tell you that Chinese and Japanese government are about to dump their bonds. Governments do not act that way.


I am not very good with ST, but I do not see why it won't breakout here.

Edited by greenie, 13 March 2007 - 05:45 PM.

[paulstan]

Japan and China selling their Treasuries would tend to drive our rates up anyway (less demand will lead to higher rates to induce someone to hold the stuff).