Mon, Sep 1, 2014, 6:31 PM EDT - U.S. Markets closed for Labor Day

Recent

% | $
Quotes you view appear here for quick access.

Cypress Semiconductor Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • nvest80 nvest80 Sep 13, 2007 9:35 PM Flag

    "Subprime" excuse wayyyy overdone

    that's just the beginning. It's not just subprime. First American is letting 1300Full Time Equivalents go. Land America 1100. Countrywide 20%(!) of its staff. This will spread into the entire housing market. More and more defaults, more and more foreclosures, more and more REO's. With home prices going down, the refinance boom will stop overnight. Lenders tighten the money, less people qualify. Many shouldn't have qualified in the first place. I'm talking from the inside (and I have been bearish on RE and called the 2005 top and sold).

    Anybody thinking this is just subrpime is ignorant of all the facts. I forecast a 40% drop in home prices in the once "Hot" areas, such as California, Phoenix, Florida. There is only one way this will end, and it isn't pretty.

    I exited Real Estate in 05, exited consumer goods stocks and am long in Precious Metals (have been since 2004).

 
CY
11.05+0.18(+1.66%)Aug 29 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Criteo SA
NasdaqGSFri, Aug 29, 2014 4:00 PM EDT
Yahoo! Inc.
NasdaqGSFri, Aug 29, 2014 4:00 PM EDT