As a result of the draconian fees being imposed by the large commercial banks, groups like Occupy Wall St. are organizing a mass exodus from commercial banks to credit unions and regionals.
This will get more funds to smaller businesses and to home owners, versus large commercial banks sitting on the funds to camouflage their books.
Bank earnings reports are showing a halt and reduction in mortgage delinquencies. Now all we need is to step up and fund those who want to buy homes, and the turnaround can stay turned.
PMI should benefit.
Hold for the gold folks...
Penny flippers might want to consider flipping dollars...
Gold Prices Fall 1.4% as US Bank Earnings Lift Stocks, Dollar
International Business Times - 35 minutes ago
By Mike Obel | October 18, 2011 2:37 PM EDT Gold prices fell 1.4 percent Tuesday in their second daily retreat in a row as better-than-expected US bank earnings lifted stocks and the dollar to attract global safe-haven investors and a potential new regulatory curb on futures trading in metals
PMI GONNA TO FLY TOMORROW. EARNING 20 OCTOBER THEN BACK TO $4
first of all, "meirt?" what the hel is that all about? Let me be informational...M-E-R-I-T. There, I got it off my chest. Secondly, I'm sick of all these pontificating jack-gases that think they AREN't wasting time. The truth, Investtoomuch, is that eveything anybody can know about this company and stock is already out there. What can be considered valuable information isn't available yet. But that's just it. You wanna make money? You need to guess right. As for the message boards, you'd be wise to use them for entertainment, NOT information. Have a good day sir and enjoy my cheese! hahaha
you are an embarrassment to the fine state of wisconsin.
you make us all look like the idiot you are by raving on on on on about nothing.........
THERE IS NOT A SINGLE, SINGLE POST THAT YOU HAVE DONE THAT HAD ANY FING FACT, NOTHING BUT YOUR BLAH BLAH BLAH........
WE ALL KNOW YOU ARE A LOVER OF THIS STOCK..........BUT SHUT THE F O C K UP
UNLESS U HAVE SOMETHING TO SAY WITH MEIRT PLEASE, PRETTY PLEASE WITH CHEESE ON TOP...........GO AWAY AND SHUT YOUR STUPID MOUTH........I AM SOOOOOOOOOOOOO SICK OF YOU, YOU COMMENT ON EVERY BODY, BUT WITH NOTHING THAT MEANS NOTHING.........
I come here to read comment sby others, but I have to sift through your garbage.........I would bet there would be more intelligent posts here if it were not for you.....who wants to sift through your dumb a s s comments to read just a couple of good ones.............
I am serious buddy, please leave this sight, PLEASE
there i got that off my chest
I'm afraid you did not understand the comment. Speaking of comments. What is up with the expression "I'm afraid", reality is nothing scares me, save the health of my children, but I digress...
The point of the comment was not so much Occupy wallstreeters as a source for new house purchases, it was them moving their funds from a passive source, to a more active source. Those funds in the way of their deposits, will find there way to qualified folks who want to buy homes.
Check out BofA's earnings, consistent with JPM and others, on the mortgage application and delinquency front, all positive trends. (there is actually pent-up demand of qualified buyers who have a hard time finding loans, because the bank's fists are tight. Credit Unions loan freely, with capital on hand.)
When all is said and done, PMI's stock price, may very well be the poster child narrator for the recovery in housing.
When the autobots no longer can yank enough shares to cover their morning float, they will cease to offer them up. Then joe shorty will need to find actual sellers to cover his horde. This can break out at any point in the next few hours to few days.
Buy here, and try something different:
HOLD FOR A 52 WEEK HIGH!! a 1300% Gain!
I can live with that...
And those attending the Occupy pot fests are more than likely still living in their mommy's basement or still in the room with the bunkbeds. Very unlikely that such people will be buying homes they cannot pay for with no job and no income. They also owe tens of thousands of dollars to banks for loans they took out so they could get degrees in things like English, Political Science, Art, Music and other areas which qualify you to perhaps drive a Taxi Cap. Perhaps.
Sounds to me that they all want houses and advanced educations. The only problem is that they don't want to pay for either. It seems that they think the taxpayers are supposed to do all of that for them. I wonder what kinds of families they grew up in where they were taught that when they grew up, Santa Claus (the nondenominational Santa Claus), would give them a house and a free college education paid for by the taxes of blue collar workers.