The Sound of The Other Shoe Dropping
How about some bookmark love? ::
Was a LOUD Thud.
You know it's bad when:
The head of a failed mortgage company goes into the Laguna Niguel branch of Countrywide to cash out.
Countrywide draws down its entire 11.5 billion credit line.
Countrywide stock yesterday was at $18.95, and it was at $42.45 at the start of the year.
Finally, had the FED not stepped in with a 1/2 point discount rate cut, the analysts at CNBC predicted the stock market to possibly plunge as much as 1000 points today.
Warren Buffett says that now is a great time to invest because "all of the chaos" is a sign that things are incorrectly priced, and there are deals to be made.
You know it's bad when:
The head of a failed mortgage company goes into the Laguna Niguel branch of Countrywide to cash out.
Countrywide draws down its entire 11.5 billion credit line.
Countrywide stock yesterday was at $18.95, and it was at $42.45 at the start of the year.
Finally, had the FED not stepped in with a 1/2 point discount rate cut, the analysts at CNBC predicted the stock market to possibly plunge as much as 1000 points today.
Warren Buffett says that now is a great time to invest because "all of the chaos" is a sign that things are incorrectly priced, and there are deals to be made.
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