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Save yourself and close out before EOD. I wouldn't want to hold that position over the weekend if I were you.
I will say that's a definite maybe.
Well for looking at either cross shouldn't you be looking at long term (150D,50D,etc) averages? Stating a death cross is forming on a daily scale is an opinion that could be right or wrong however the studies will count 50,150,etc units depending on the scale you are looking at. All im saying is if you look at the yearly, every time the 10D crossed the 50D and 150D they had the big movements. Time will tell and I could be wrong.
Preferreds lack volume?
A single day in from either FNMA or FMCC has more volume then all preferred series put together for a year. Perhaps the reason preferreds haven't adjusted is because of the pump and dump that got them up so high and the illiquidity that prevents getting rid of them?
The rest of Mnuchin's statement.
Mnuchin's Statement.
It helps if you read the actual statute. Here is the relevant part that I already posted:
Committee Memorandum for tomorrow's hearing
Sums up the current situation and path to ending conservatorship. Hopefully we will have bipartisan support and FNMA will come out in a better position as well as the taxpayers ,borrowers and investors. Could be a win win win win for everyone.
Consider the following:
Certainly as no one is omnipotent, one is surely not cognizant of what Waters will say either. However, look on the bright side, this is the most progress since 2008 to get housing reform done. Have we not realized that GSE's are necessary market participants in order to provide liquidity? Why should the private investors not be compensated for providing the investment to provide this liquidity as was the original intent of privatizing them. The bills statements are not unreasonable. Provide broader powers to FHFA director to regulate servicers and ensure that foreclosed account owners are properly notified of their rights. I'm ok with that though its also possible in the near future the FHFA will be declared unconstitutional.
The bill pertaining to the extension of the restriction to alter the pspa's is of most interest. Did it expire in 2018 and though Congress worded they wanted legislation passed is it enforceable to not alter the agreement now that the window has passed? The language is contradictory and perhaps a legal expert could shed some light on:
Public Law 114–113; 129 Stat.6 3025
pg.784 (ctrl-F for fannie mae)
I think this is a good opportunity for bipartisan cooperation and I look forward to a productive discussion to fixing housing tomorrow.
Link to the Committee on Financial Services Meeting tomorrow.
https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=404485
ClayTrader thanks for the useless
harking. If you are really such an expert at data prediction show us a model of where its going to be in 6 months. Oh wait you can't because you can only draw lines on data that you already know. Your analysis has no statistical basis and you are a fraud for presenting it as such.
You are an abomination to the field of data science. Rid us of your ms paint harking and go back to your real day job.
We can have a bear skinning team building exercise to promote synergy amongst the organization.
Unfortunately shorts will not be part of the imminent settlement.