Australian sub prime mortgage market.

Not laminator, it looks like scud has been banned. Hopefully its only in the sinbin like moretti. We all get a bit emotional at times.

 

yes he's been banned. i don't think you're allowed to call people a paedophile or a dickhead.

it might pay to keep that in mind just in case you were considering it

 

hmmm... true tho, just because you and laminator are very close, doesn't make Laminator a paedophile! LOL

*****running away.......

 

Not going there PP, I did make a post the other day that laminator may have interperted it that way. But unlike others the context didn't express it.

 

Ya shmuck!!!

Where's Pap with the I love the internet picture?

 

havn't school started yet?

 

Don't you mean hasn't. Perhaps you should re register Kelsa.

 

You confuse me!

It was Adelaide Cup day today, I think the rest of you had Labour Day.

School tomorrow.

 

well...you're smarter than scud. he actually said it.

oh well.

it's only for 2 weeks.

anyway..hope that answers your question as to "why"

 

lol i'll give you a re-register this friday!

 

On Topic

USA lending market
________________________________________
Following the problems in the sub-prime lending market in America uncertainty has now hit Japan, in the last 7 days:

Origami Bank has folded.

Sumo Bank has gone belly up.

Bonsai Bank announced plans to cut some of its branches.

Karaoke Bank is up for sale and will likely go for a song.

Shares in Kamikaze Bank were suspended after they nose-dived.

500 staff at Karate Bank got the chop.

aaaaaaaaaand analysts report that there is something fishy going on at Sushi Bank where it is feared that clients and staff may get a raw deal.




Thank you very much.

 

That may not be true, Perhaps my context was only joking and not out of anger.

 

Thanks Horse.

We needed that

 

that's about as good as the advise gets around here

 

As I'm in the 'subprime' market this is the funniest I've read for ages! Thank you for making my day!

 

macquarie up 2.5% today

was down to <$44 today though *gulp*

 

Anyone taking shots at low it (MQG) can go? Given a couple of the statements in Weekend Australian, I'd say it could be pretty low. Interestingly, because of the name change, no long term charting is available now - 2005 low was 31.61 but I don't have anything older than that.

 

Yep, I think lower. The share price of MQG is always going to be more volatile than say CBA, with more up and downside. I suspect MQG shares will be worth less than say CBA shares in the near term.

 

everything on my watchlist is red today.

i guess that can be expected when ferrari doesn't win a GP.

 

If only predicting the market were that easy...
MQG touched $42.95 today, it's lowest since the 10/3 when it touched $43.33

In between these dates it touched $52.57, so a bit of a roller coaster ride there, up nearly $10, then down again, then who knows where ? I am expecting another interesting week on the markets though.

M

 

IMHO We won't see the bottom of the market for at least another quarter.

 

Agree, I think there is still plenty more bad news to come out which will drive the market down. Monday in the US market will be telling, the BS bailout on Friday really scared the market, and that's 2 days after they claimed not to have liquidity problems. With recent FED rate cuts not appearing to change the negative market sentiment, I'd be surprised if this weekends emergency rate cut will do any better. And the FED is running out of room to move, it can only go to zero, and then what ?

http://www.marketwatch.com/news/story/fed-acts-sunday-prevent-global/story.aspx?guid=%7B43265631%2D1656%2D4697%2D8377%2D55F05D859B76%7D&dist=TNMostRead

M

 

Rob,

You predicted this would happen, I suppose the wholesale funds from O/S have dried up?
What's your view on the Aussie banks and their exposure to low doc loans ? CBA / NAB/ ANZ ? WBC

M