I spoke with a Wells Fargo mortgage broker today about jumbo loans and he seems to think the banks are getting ready to drop their 20% down requirement to a 10% level - none of these banks are making any money in their mortgage depts. Better times a comin. You can't even get into the door if your credit score is under 740 for jumbo loans. He was duly impressed with my income stream and how I plan to keep it growing - bull tinky works wonders. I should be back in margin sweet territory by tomorrow. I was lamenting to the wife that I have dividends coming all month buying fewer shares as the market appreciates and she said the +$91K I made today should soothe my angst. She's right of course. Ferdinand is making me wealthy.
"Five reasons why stocks have regained their mojo."
http://www.cnbc.com/id/101738608
I done slain the bear this week. My oceanic results: -$3K, -$14K, +$2K, +$91K, +$58K for a handsome gain of +$134K. The VIX now at 10.78 -.90 is going to make many nervous. But fear not because the Fed won't raise interest rates for another 3-5 years, stocks the only game in town.
"You do not want the economy to expand at a torrid pace." That will not happen as long as obama is still employed.
http://www.marketoracle.co.uk/Article45940.html
The clouds have parted and I'm now back in the margin saddle - we'll see if June can boost me into some serious buying happiness. There are still plenty of wonderful wall flowers looking for a home. I'm thinking if the market treats me right I may be able to borrow cash from my margin account rather than using a jumbo loan for property. There is no change of cash at the end of the month and margin rates are cheaper than mortgage rates and still deductable - this is going to be very interesting. Over the next several years I'll start paying my margin balance back with my capital gains. I don't believe interest rates will start going up until obama has been banished and crawls back intoi the hole he came out of. Businesses will continue to punish the you know what.
"Not only has the ECB opened the door to quantitative easing, but observable evidence has improved considerably." Buddy, just make me more money.
Draghi, Tepper, And Charts Concerning For Stock Bears | Chris Ciovacco | Safehaven.com
Europe is kinda scary - but that is the time to buy in...
Lookin' up at the 'G Fund'!!!
According to Mindylou, "Very often, the best way to be successful in the long run is not to aim at being successful in the short run." Now that's one smat kitty.
From my WSJ: "Since 2010, 57 companies in the S&P 500 have split their shares. Those stocks have averaged a 0.2% gain the day they started trading on a split adjusted basis. A month later, they have risen just 0.5%. But longer term, the average gains are more pronounced. Since 2010, these stocks have averaged a 5.4% increase three months after a split and a 28% surge one year later." Well that's good enough for me.
"According to one source, net cash flow estimates into domestic equity mutual funds were just over $20 billion vs. foreign focus equity mutual funds at $143 billion. And the trend toward favoring international investments continued in the 1st quarter of 2014."
The Bull Market Continues | Tom Madell | Safehaven.com
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