is I like stocks
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Good afternoon people, GoGooooooCOOP NICE
And as always Have a great evening people and don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
Close 65.11 pps +0.87 Vol.332,329 GOGOOOOOOCOOP 😉
And as always Have a great evening people and don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
GogoooooCOOP NICE N FYI Percentage points. Last year, 3 out of 4 Jobs Days were losers, with an average loss of 0.46 percentage points.
Moving ahead to Tuesday, the BLS releases the Consumer Price Index (CPI) and related inflation metrics for November. This year, investors have been rewarded an average of 0.45 percentage points per report — nearly 5.0 percentage points if you add all of them up — with a 73% win rate. That's also a flip from last year, when investors lost a total of 0.72 percentage points and ended red 58% of the time.
A day later, next Wednesday, Jerome Powell takes the podium at the Fed, as the Federal Open Market Committee releases its final interest rate decision of the year.
Investors might be surprised to learn that last year stocks gained 4.14 percentage points on Fed days, despite only winning 50% of the time. In 2023, investors have lost an average of 0.15 percentage points per Fed day for a total loss in 2023 of 1.05 percentage points, with a 57% win rate.
With the drop in volatility ahead of these key reports, markets are primed to make a strong directional move. The direction in 2023 has been strongly up for most of the year. But bond market volatility is on the rise, as is the US dollar — both of which act as headwinds for stocks.
Shorts are loading up as all the major indexes — plus the Russell 2000 — are sitting just under strong potential historical resistance. If stocks crack because of a narrative-changing report or announcement, watch out, as liquidity is low and downside moves can get exacerbated.
But if these reports end up bullish, the bears simply become fuel for a short-covering rally that could take the S&P 500 to a fresh record high by year-end or early 2024.
Short-term traders might watch for a potential bear trap if the S&P 500 trades down to 4,500. A head fake lower before ripping higher would be a fitting year-end surprise for the bulls.
And as always Have a great evening people and don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
+National Pearl Harbor Remembrance Day+ Dec.7 The GREATEST GENERATION 🇺🇸
Peace-Ts
Hi sillyinvestor This isssssss very true ! but it can at times help getting through some of the tuff times , not allll but some lol
LIFE ISSSSSS GOOD 😉 gotta hit the gym, I’m running a little late this morning as I was at the club a little late last night 😳😂😉
GOGOOOOOCOOP
And as always Have a great day people and don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
Good morning people, GogoooooooCOOP with the raising of our COOP shs you would think that the basement people dweller's would be cheering instead of their daily doom and gloom posts, I don’t bother with them anymore as they have become boring and non important, ENUFF SAID AND TIME ON DAT EOS
GOGOOOOCOOP
And as always Have a great day people and don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
Good morning people FYI. The CEOs of America's largest banks will line up
before lawmakers this week in a highly anticipated appearance to try and convince Washington — and the world — that the banking sector is back on steady ground following the regional banking crisis earlier this year.
The hearing before the Senate’s banking committee is part of Congress's annual oversight of the financial sector and will feature top bosses from Jamie Dimon of JPMorgan Chase (JPM) and David Solomon of Goldman Sachs (GS) to Brian Moynihan of Bank of America (BAC).
Much of the focus during Wednesday's hearing is set to be on the higher capital requirements proposed this summer by the Federal Reserve, called Basel III endgame measures, which the assembled CEOs have been lobbying furiously against for months.
"Ironically, a proposal to mitigate risk will create even more risk in the financial system," Dimon is set to say in his opening remarks, adding that it "will fundamentally alter the US economy in ways that the Federal Reserve has not studied or contemplated."
Other CEOs are set to echo the message with Solomon in his prepared remarks arguing the proposal "has a particularly negative impact to capital markets functioning."
At the Goldman Sachs US Financial Services conference on Tuesday, the companies offered previews of other topics that could come up at Wednesday's hearing.
The assembled CEOs touted the resilience of the US economy during their speeches in New York but urged restraint when it comes to 2024 expectations. Wells Fargo CEO Charlie Scharf also weighed in on the Fed's capital regulations, saying the requirements could limit his bank’s activities in the future.
The CEOs of Citigroup (C), Wells Fargo (WFC), State Street (STT), BNY Mellon (BK), and Morgan Stanley (MS) will also be testifying at the hearing before a panel of 23 senators.
The questioners will range from Chairman Sherrod Brown (D-Ohio) to other prominent figures, including two former presidential candidates: Sen. Tim Scott (R-S.C.) and Elizabeth Warren (D-Mass.).
A focus on capital requirements
The central issue Wednesday is set to be the so-called Basel III measures that were first developed following the global financial crisis of 2007-2009.
The final set of these rules unveiled this summer focused on the amount of capital that banks must have in reserve to protect themselves from insolvency, which regulators are hoping to finalize in the coming months.
The standards took on a new urgency this spring after banks like Silicon Valley Bank and Signature Bank failed, largely due to a shortage of liquidity.
The proposal would raise banks' capital requirements by 16% in aggregate, and widen the scope of new requirements to institutions with as few as $100 billion in assets — an effort to include smaller banks like SVB.
A new memo released Tuesday by the Financial Services Forum — which represents all eight CEOs —argued in part that this year's banking crisis shows that the stricter requirements are not needed.
The group's president and CEO, Kevin Fromer, wrote about how America's largest banks "acted as a source of strength during the COVID-19 pandemic and the banking turmoil of 2023," arguing that the current proposal goes beyond the original framework and that the nation’s largest banks have already tripled their capital levels over the past 15 years.
The memo also noted that Wednesday's hearing will be an opportunity to discuss "how the Basel 3 Endgame capital proposal would harm consumers, businesses of every size and the economy as a whole."
While Fed Vice Chair for Supervision Michael Barr proposed the new outline this summer, not every member of the central bank has been onboard.
Fed Governor Christopher Waller recently called the proposal "excessive" in a conversation with the American Enterprise Institute. He told the think tank last week that if the proposal did away with separate requirements for so-called operational risk — risk from potential losses from disruptions due to internal mismanagement like fraud, or external shocks like a cyberattack — that he could support the proposal. The capital requirement for operational risk is a major sticking point with the banks.
"Michael Barr knows he went too far on a few things," said David Wessel, a senior fellow in economic studies at the Brookings Institution. He predicted that Washington will refine some areas including provisions around operational risk in the months ahead as lawmakers work to finalize the proposal.
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GoGooooooCOOP
Have a great day people and don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
Good morning people, As of this post COOP seems to be holding ( but it’s early in this session 😉)while other stocks in the market that rose nicely Fri. Seems to be floundering ,it might be an interesting day to watch this paper today and the rest of the week along with this weeks reports in the markets as they comes in
GoGooooooCOOP
Have a great day people and don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
Whoaaaaaa. TGIF Babeeeeee ————————————————————->>>
Have a great weekend people and don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
Good morning people FYI. Mortgage rates drop for fifth straight week
Complete info inserted ->
https://www.cnn.com/2023/11/30/homes/mortgage-rates-drop/index.html
Have a great day people and don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
Good morning people, Wellll it’s nice to see the 60’s once again the not so hard ? issss for how long will the powers to be let it stay in this area or will they possibly let it move up further hmmm ? Oh well one can only hope it’s time to move
Time to hit the gym
Have a great day people and don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
Good morning people, Tiger a fair and just post on how you feel and believe without the constant condemning or trying to force feed those who wish, hope or believe otherwise , I wish you good luck in ur Endeavors
Gogooooo COOP
Have a great day people and don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
To alllll Have A GREAT THANKSGIVING WITH FAMILY N FRIENDS👌
PEACE-Ts 😉
Ol’ Cactus, don’t be sorry , look a little deeper in the Regs for such , you just need to dig deeper 😳
GoGooooooCOOP
Have a great holiday people 😉
Tomorrow I’ll be busy getting prepared for family time and early workout
AND
&,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Good morning people,FYI.Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,487,000. This is 1.1 percent above the revised September rate of 1,471,000, but is 4.4 percent below the October 2022 rate of 1,555,000. Single-family authorizations in October were at a rate of 968,000; this is 0.5 percent above the revised September figure of 963,000. Authorizations of units in buildings with five units or more were at a rate of 469,000 in October.
Housing Starts
Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,372,000. This is 1.9 percent (±13.5 percent)* above the revised September estimate of 1,346,000, but is 4.2 percent (±10.0 percent)* below the October 2022 rate of 1,432,000. Single-family housing starts in October were at a rate of 970,000; this is 0.2 percent (±8.8 percent)* above the revised September figure of 968,000. The October rate for units in buildings with five units or more was 382,000.
Housing Completions
Privately-owned housing completions in October were at a seasonally adjusted annual rate of 1,410,000. This is 4.6 percent (±11.6 percent)* below the revised September estimate of 1,478,000, but is 4.6 percent (±13.2 percent)* above the October 2022 rate of 1,348,000. Single-family housing completions in October were at a rate of 993,000; this is 0.9 percent (±12.3 percent)* below the revised September rate of 1,002,000. The October rate for units in buildings with five units or more was 408,000.
don’t let the noise from dark places bother you cause haters are going to hate regardless
GoGooooooCOOP
Have a great weekend
TGIF Babeeeee GLTA-Ts😉
Good afternoon people , Happy Birthday Lo. 🥴 Pick have a great time at the Birthday party this weekend 😂😂😂 Oh and say hello to Doreen from me 😳🥴🥴🥴😅
Bye,bye🤪
GoGooooooCOOP
People have a great day &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Opps , My bad ,let’s give thanks to allll those Vets who served and still & will THANK YOU
PEACE-Ts ++++
Have a great weekend people
TPS😉
And then there are the Narcissistic personalities disorder which is a mental health condition in which people have an unreasonably high sense of their own importance. They need and seek too much attention and want people to admire them. People with this disorder may lack the ability to understand or care about the feelings of others. But behind this mask of extreme confidence, they are not sure of their self-worth and are easily upset by the slightest criticism.
A narcissistic personality disorder causes problems in many areas of life, such as relationships, work, school or financial matters. People with narcissistic personality disorder may be generally unhappy and disappointed when they're not given the special favors or admiration that they believe they deserve. They may find their relationships troubled and unfulfilling, and other people may not enjoy being around them.
Treatment for narcissistic personality disorder centers around talk therapy, also called psychotherapy.
Narcissistic personality disorder affects more males than females, and it often begins in the teens or early adulthood. Some children may show traits of narcissism, but this is often typical for their age and doesn't mean they'll go on to develop narcissistic personality disorder.
TGIF Babeeeeee 😉
IMHO. The info put out about the cost of the cyber security breach is 5/10m issss possibly more like 10/20m. when allll is said and done with the numbers, kind of like when itemizing the cost to build a house 🫣😉
People have a great day &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Good morning people FYI.The US is reporting mortgage and inventory data later today
I see the dark side was out in force yesterday 🥴🤭🤣 really NBD to me as it’s become the norm
As not much going on with COOP as of this post soooo
GoGooooooCOOP
People have a great day &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Good morning people, “Go on with your lives” REALLY !!! glass houses, glass houses ,lol
GoGooooooCOOP
People have a great day &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Good morning people FYI. Mortgage giant Mr. Cooper blames cyberattack for outage impacting millions of customers
Complete story/report below
https://www.kare11.com/article/news/local/breaking-the-news/mortgage-giant-mr-cooper-blames-cyberattack-outage-impacting-millions-customers/89-76d5caee-9127-40e7-afef-7287f1c5008f
As Mr. Cooper works to investigate and contain the attack, customers are stuck waiting to pay and struggling to access information.
GoGooooooCOOP
People have a great day &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Now this is a some enjoyable reading/post today without” the noise from dark places bother you cause haters are going to hate regardless
GoGoooooCOOP-,-GLTA-Ts 😉
Hi sillyinvestor,
My son ever since Covid has been working from home and loves it ,no gas ( although he has since went electric, and no traffic to or fro work and since Corps do video conferencing he may have to go in once a week maybe , more time home with family
GoGooooooCOOP
People have a great day &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Good morning people FYI. Charles Schwab lays off about 2,000 employees
Charles Schwab has laid off about 5% to 6% of its employees, amounting to roughly 2,000 people, as it looks to cut costs.
A Schwab spokesperson said these “were hard but necessary steps to ensure Schwab remains highly competitive, with industry-leading levels of efficiency, well into the future.”
The company only released a percentage of how many people were laid off and didn’t give a precise number, but Schwab’s headcount was 35,900 as of September 30, according to a corporate fact sheet.
They are decisions that impact very talented people personally, and we take that very seriously,” a spokesperson said. “We worked diligently to ensure affected employees were treated with care and respect throughout this difficult process.”
The cost-cutting measures were first announced in the summer, with the brokerage looking to cut $500 million in costs as it faces investor pressure.
Part of the changes includes evaluating its “real estate footprint, streamlining our operating model, and staffing reductions, largely in non-client-facing areas,” a Schwab spokesperson said.
Like other banks, Schwab endured turbulence earlier this year when its bottom line was given a hard look by investors after the collapse of Silicon Valley Bank.
Shares of Schwab (SCHW) are down 35% for the year, and up 1% in early afternoon trading.
https://www.cnn.com/2023/11/01/markets/charles-schwab-layoffs/index.html
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My TDA acct. is being moved over this coming weekend, kind of giving me that warm and fuzzy feeling 🥴😳 not 🤣
Anyhow nice steady bouncing ball movement in COOP it would seem ,but hey that’s where they want it I guess
GoGooooooCOOP
People have a great day &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Vodka , Third para ,Big BINGO Life isssssss GOOD get more it 😉
GoGooooooCOOP
People have a great evening &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Hi Split , I am alllll for my shs prospering without a doubt , also remember three of the analysts always had our paper higher than it was trading @ but I def like ur number 😉
People have a great day and weekend &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Good morning people, Nice movement yesterday , today there might be a little pullback , I wouldn’t mind if it went up a little but the norm seems to say hmmm? Oh well TGIF. Babeeeee
People have a great day and weekend &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Good morning people , Looks like COOP has some upward trend as of this post 1.50+
GoGooooooCOOP
People have a great day &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
All n all not a bad day , tomorrow might be something to watch to see how the PPS plays out
GoGooooooCOOP 😉
People have a great evening &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Big , It’s like the old commercials, is it live or issss it Memorex or Where’s the beef 🥴😂
GoGooooooCOOP
People have a great day &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Move on , you have no value or anything , nothing from nothing isssss nothing , now goooo and copy and paste ur normal reply as I have no more time to waste on nothing today , but maybe if I’m bored once in awhile I might show ur nonsense 🥴😳🥴 GoGooooooCOOP
People have a great day &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Sorry people was laughing so hard at a reply to me I double posted ,sorry again
GoGooooooCOOP
People Don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Let me try to splain this to you , no way in any form or anyway in any universe you think you could tell me about buying low and selling high
sonny , step off, do you read , how long have you been trading this paper from the get go, come on be honest ,tell me cuz ur post ->>> STUPID IS AS STUPIT SAYS/ POST ,now go ahead a copy and paste , cuzizzz datzzzz all ya got
GoGooooooCOOP
People Don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Good morning people, It is beyond me why posters( investors hmm?) are suggesting lower pps. are they going to buy at 50/1/2 I believe not otherwise why not 53/4/5 at these high numbers what’s the diff really, I mean the bouncing ball issssss no surprise to anyone ,issss it! It reminds me of the barn thangggg ,throw enough sheet at it and sooner or later something it going to stick IMHO.🥴😉😂
GoGooooooCOOP climb baby climb I prefer that chant from a shareholder siting on the dock of the bay just watching the tide roll away 🥴
People have a great day &,don’t let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts
Hey Ol Cactus, yada,yada yada same as the the other side of the aisle, yada yada,yada you as they do post Nada new , and yeah, yeah, yeah we allllll know STOP PISSING INTO THE WIND 😉It’s getting real old like the tumbling tumbleweed ,….
People have a great day & weekend,don’t let the noise from ALLLL dark places bother you cause haters from both sides are going to hate regardless,GoGooooooCOOP -GLTA-Ts
Getn , I believe they are possibly keeping the pps. Where they want it for whatever reason , incase the pps should move before or at the call /report. I could be wrong ,it’s just imo.
People have a great day & weekend,don’t let the noise from dark places bother you cause haters are going to hate regardless,GoGooooooCOOP -GLTA-TGIF-Ts
I would like to apologize to the boards mods & Amins for posting something I thought was important to allllllll which it seemed to be irrelevant to this stock COOP regardless if I felt it should be important about the crisis and action on what isssss going on 😳
People have a great day & weekend,don’t let the noise from dark places bother you cause haters are going to hate regardless,GoGooooooCOOP -GLTA-TGIF-Ts
Good morning people , A little FYI, Part of the story is that an 8% mortgage environment isn't that different from a 7% mortgage environment. Demand has been slammed. There is significant lock-in, due to people not wanting to give up their ZIRP-era 3% mortgages. So inventory is still rock bottom.
That being said, the affordability shock has been so great that there's a limit to how much prices can appreciate, and if there is any kind of meaningful expansion of supply, then we might finally see downward pressure on how much houses cost.
As he sees it, supply is everything and that's what you want to be watching like a hawk. For awhile, it looked like supply might loosen up a little bit at the margins, but with the latest uptick in rates, the lock-in effect can be expected to tighten more.
One interesting dynamic that comes across -- in a few of our conversations lately -- is how much of the economy is becoming inelastic. Kind of on autopilot. There's this huge energy transition going on, that entails tons of public spending and investment, and it's kind of separate from the rest of the economic cycle. Meanwhile with housing, there's a growing share of the home-owning public that's over 65, and aging in place. According to Egan, for years, about 25% of homes in the US were owned by people over 65. Now it's up to 33%. Lots of these owners own their house free and clear, with no mortgage, or no impulse to sell. And so even if we were to see a recession and a rise in layoffs, there's just a large swathe of the housing stock that that won't be affected by macro-economic conditions.
Earlier this week, we got a rough homebuilder confidence report marking the lowest level since January. Now that we're hitting another big round number on the cost of a mortgage, it'll be interesting to see if that depresses demand even further
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A little over 6 yrs + I sold my house within 30/45 minutes after putting it up on the market for my asking price , but the rates were low of course
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As for the turmoil about monies coming back here for or against, I truly don’t know, I have always just counted on my investment in the now period whatever the papers title was at the time , but I did hold a nice amount of Ks and I’m sure there would be a lot more of millionairesS here IFFEN ever which I would be one of ,
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Time to hit the gym, running a little late today
People have a great day & don’t let the noise from dark places bother you cause haters are going to hate regardless,GoGooooooCOOP -GLTA-Ts