Loading ...Oh, grab a popcorn because I’m about to rant harder than a fat girl at a Somalia Safari. First, let me start off saying Stanford L. Kurland is either a criminal or incompetent. My gut tells me he is a dirty greedy heartless shameless criminal. Stanford was the President of the infamous Countrywide Financials that got millions of people into subprime fraudulent mortgages that they couldn’t afford. Yes, this is one of the assholes you can point your finger at and blame for this economic collapse. What is the first thing he does after losing his job at CFC, start a company called PennyMac to profit from distressed properties! THE SAME PROPERTIES THAT HE CAUSED TO BE DISTRESSED. Let me explain it this way, this is like having someone who just killed a person going back into the emergency room of his victim and trying to auction off the dead man’s organs. It is criminal…and it looks like he will get away with it. […]
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The market internals are only pointing slightly down, but the momentum seemed to have definitely changed. VIX is up 2.5% this morning, the dollar is gaining strength and rates are slightly higher. A durable goods order was -2.5% this morning, way worst than expected. If we finish lower today with increasing momentum, it would definitely […] |
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