Comments on: Inventory and Market Report – 3/15/08

By: TheArcadian

TheArcadian — Mon, 17 Mar 2008 20:19:30 +0000

By: TheArcadian

TheArcadian — Mon, 17 Mar 2008 16:08:02 +0000

llking,

WAMU had dipped heavily into the subprime arena without regard to the risk they were undertaking. It would not surprise me if those rumours turned out to be true.

I read an article this morning where some Wall Street analyst blamed the housing market and economy for the downfall of BSC, WAMU, LB, ect. As you can imagine, I found this ridiculous because it was WALL STREET that got us into this mess.

By: Beachy

Beachy — Mon, 17 Mar 2008 14:59:31 +0000

Oops – yes – props to TA!

By: llking

llking — Mon, 17 Mar 2008 13:26:39 +0000

The market is already pointing sharply lower this morning after the Asia market plunge overnight.

Rumor has it that Lehman Bros and WAMU might be next.

By: SavedbyGrace

SavedbyGrace — Mon, 17 Mar 2008 05:04:21 +0000

I agree there’s no round about way to this and we’ll all be affected. It’s ugly now, but I can’t bear to think how much nastier it’ll be later this year. Brace yourselves folks, we’re in it for a rough one.

By: SavedbyGrace

SavedbyGrace — Mon, 17 Mar 2008 05:00:24 +0000

Props go to TheArcadian for the weekly inventory and market reports

By: llking

llking — Mon, 17 Mar 2008 03:56:47 +0000

All those Wall Street scums deserve every moment of it.

However, we are all going to be impacted by this.

Can you imagine practically every domestic mutual funds has BSC in the portfolio?

No doubt that everyone will feel poorer regardless

By: Beachy

Beachy — Mon, 17 Mar 2008 02:39:41 +0000

Excellent info and analysis SBG.

Up until this evening, I felt like I was in the “cat bird seat” renting & waiting for housing’s ultimate demise. Now I just hope that in the morning, given the Nikkei’s crash and Bernanke printing money out of thin air to fund Bear Stearns – my dollars are going to be worth anything.