My 1st Million At 33 – yes, you can do it too

This appears to be the beginning of the vicious cycles. Lax lending standards have resulted in loan buybacks and losses. Now they are forced to tighten up the lending standards, which will decrease the loan volume, which decreases profits, etc. This year of 2007 just started, and still a trillion dollar of refinance to go….

Here are some of the symbols that I watch.

Symbols Percentage Dn/Up on 2/8/07 at 8:30am
CFC -2.70%
CTX -2.51%
HBC -2.42%
KBH -2.76%
LEN -2.48%
LEND -8.17%
MTG -3.71%
NEW -36.21%
NFI -11.12%
PHM -2.37%
XHB -2.52%

Housing market is the big elephant in the room that every stock bull wants to pretend not seeing, and won’t talk about.

And what did Fed governor said? “[Interest] rates may have to go up”. Yeah, right! Notice that gold and oil investors are gradually tuning out on the Fed babbles.