Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Fence, you do know there are a bunch of DIFFERENT coronaviruses? You could easily have one of the others, but you didn't have CV-19...
As predicted, folks getting antsy about shutdown - just 3 weeks ahead of schedule...
Trump signaling lockdown won’t go on forever etc etc
He will take blame if he does that, not sure WH advisers have thought the politics through...
Golf - very well said!
Dangerously false claims we do not need
You did NOT have covid 19 last June unless you are a pangolin or a bat
Get a life, do not say dumb things
Chasing them down to the potty today
Better lock yourself into your bunker for sixty days -- upside, you don't get CV...
Fence, I believe the common will get whacked this week, too. Wait for a $1 and buy then...
The noise is just starting on real estate -- some of the Mreits are announcing 15% decrease in net value, etc. It will hurt FnF alongside the increasing danger the administration takes chances to wipe out private holders...
Brooge, I did not buy Macy's yet, waiting for the really good price. I like the company a lot (huge RE holdings, makes a profit, has good online sales (25% of all sales) etc), but I want it really cheap...
Yeah, Russia and Saudi killing themselves with these prices, I think they sort it out in few weeks cos neither can afford it. Hence my being in some of the killed off energy names...
Think we got another leg down, but virus is turned around in China which is re-opening for business -- if that gets confirmed market will see the light at the end of the tunnel.. and give us a V imho. One can hope... but the bargains right ow will be good regardless, best, potty
Brooge, thanks, I do like AMZN and GOOG, but too expensive for me. I am deep value investor by nature... hence my hanging here. Interesting to see what happens to Macy's tomorrow, cut the divvy Friday. I like it a lot, has billions in real estate and has been making money. MAC is another interesting one, and SRG...
Futures down the limit again right now, just hope energy does not get spanked again
Brooge, I think more from here. People getting nervous about housing AND administration intentions. Plus looks like some hedge funds are under selling pressure.. but who knows.
It is close to cheap now, some $50 prefs going for $6-7... I am waiting for $6 or $3 on the $25's
Holden says RnR is not a priority... when was it a priority for Treasury?
I would not trust Treasury, let alone the Two Week Weasel, to get RnR done, rather than go for wipeout of private holders
I have no idea, and I agree about volatility - hard to keep track
FnF seem to have finally broken down in prefs, I assume common will be next
2 days old - out of date! lol
Lincoln did a whole lot more in the civil war...
Spanking next week...
Send the troopers, make some arrests, put that on CNN...
I sold out completely week of so ago to buy other stuff -- hopefully get a chance to come back in Fall to FnF
The kind of winning we will all be sick of...
Golf, I had same problems, 9 out of 10 tenants were great -- but that last 1... Murder. I gave it up for that reason too, the returns were great but the troubles I did not need...
Not so much cross-eyed, as truth challenged... has not been telling the truth for quite a while...
The kind of regulator that markets trust in a time of crisis -- AHAHAHAHAH... lol, would be funny if it was not trully sad
Calabria blew all credibility jabbering the last few months, so now nothing he says has a shred of credibility on ANY topic
Calabria looks really rough cos he knows he is not up to the task of managing housing in a crisis
Yes, but the common will follow...
The big issues are now (a) whether administration gets the chance to zero out common and pref through some event (new "bailout", receivership, whatever) and/or (b) this runs over into Biden's administration where they run Director Calabria through the wood chipper on day one and put him to the use he is good for -- fertilizing the fields...
Calabria mentioned BAILOUT today... 6-8 weeks and Calabria says FnF may need assistance
That should scare the bejesus out of everyone
The cat could do better...
What about Judge "Do I Exist?" Atlas? Collins was sent back to her by the en banc how long ago? NOT ONE PEEP, so far as I know...
Calabria looks terrible -- not handling the stress too well apparently...
Twitching, gulping, eyes puffy and closed.
Mr Two Weeks looks like he is stressing this -- of course, this event is on his watch because he was incapable of getting the RnR dome on time and promptly
Still cannot get a rule out... pathetic
Mark "Mr Two Weeks" Calabria digs another hole
So, was the capital rule delayed cos of the virus or do you have it done and refuse to release it?
The rule could be released now with a 120 day comment period online if it is done.
Does Mr Two Weeks have a shred of credibility left? Anyone putting stock in what this blabbering fool says gets everything they deserve...
kthomp, I agree twitter and elsewhere are better places for info and reasoning.
Appreciate your sharing here. I did not like the delays here, so I left. Now I am still more concerned.
But, if the price is right, I will buy back into the prefs... but that would be back to the lows.
If the Russians blink and the oil price goes up a tad, I might even have cash to do that, tho god knows lol
First, Calabria is ex senate staff, Shelby to boot, and then Cato - I take Bill Maloni seriously about risks
Second, your economic disaster has possibly arrived
I think all bets are off - but thank you for the response. I will watch, since I will buy the $25’s at $2-3, the $50’s at $4-6 - and FNFMO at $8-12... and I see the ask on the latter was already $20 today. Long way till Nov.
Are you still optimistic about RnR? I think the risk of nothing happening on RnR just doubled or trebled...
And then it is back to Federal courts that I have learned are far more fickle than even BK courts where the robbery takes a familiar and predictable path. I would not bet even on Sweeney and she is the best of them...
I think the pref will radically reprice the new risks - plus suffer from hedge funds forced selling... just my take
FYI, maybe take a look at CEQP pref, read the Quantum online profile on the conditions, it is seriously worth investigating - payback for all your very timely info on Twitter...
Yeah, gonna get worse too - I think we see $3 bucks (or worse!) from $6.5 now if the forced selling starts on margin calls on the hedge funds that are big holders of pref -- especially since now the very real prospect looms of no RnR and hence no payoff
(May also be why common is holding up -- if hey are unwinding their prefered positions, then they will stop shorting common against those positions, too...)
Notice that Ruud, Kthomp, Holden are not around today?
Hard to be chirpy when you have been kicked in the balls... Not gloating, just empathizing
Eddie, yes, lets hope for the v-shaped scenario on markets one way and virus the other... US banks are solid, the problem is that European banks were never reformed, so they are in real danger
Altruism, I agree about raising funds. But one could still release under a consent decree with an explicit paid for guarantee from Treasury, right? Then FnF go through the recap through retained earnings scenario Ackman and Moelis laid out...
Question is whether the MBS market would accept that route?
BTW I wonder whether Calabria is so clueless or got just what he wanted, ie no RnR?
I agree, the British press is a lot better info-wise...
I also was not joking about 4 weeks being tops before folks get uppity.
21 votes lol
If pref blows out, common will shortly follow..
Prefs may blow out tomorrow on this news...
Now we know why prefs went down... market thinks this is not getting done.
First, Calabria is utterly full of crap. If rule was due late March -- as he claimed -- it should have been largely done by this week. Comments are all online. So claiming coronavirus as a delay does not pass sniff test to me. (Director Calabria has no not smelled good for a while, but now I have gone full-Maloni... Calabria looks like a Third Column to me.)
Second, let's start to figure out whether this really will be bullet-proof if administration changes.
Assume the rule comes out last day of May (and I think that is a dangerous assumption given that Director Calabria is involved).. so May 30th
Then has to be out for 60 days for public comment, so that ends July 30th.
When does the APA say that adminstative actions are reviewable by congress? Cos you have to worry about clean sweep by Dems in Nov as worst case...
That is the Liar Paradox squared, what to think about this sentence...
"The Liar says the other Liar lied"
Is it true or false? Yeah, don't bother... lol
Stinkie, I took a beating today, 40% down on new positions, so not sure about smart lol. But I have no margin, so I ride out my bets from here... Good luck to you my friend, she'll be apples, as the Aussies say...
I think FnF common has weathered this shockingly well btw
Because the Government, under this USA system in its present weird dynamic, is one man -- and that man only really cares about his re-election by -- guess who? -- Joe Public...