From Bloomberg:
U.S. Homes in Foreclosure Average 611 Days Late on Payments
U.S. homeowners facing foreclosure were a record 611 days late paying their mortgages on average as legal disputes delayed bank repossessions, Lender Processing Services Inc. said today.
That was up from an average 599 days in July and 478 days in August 2010 for homes that had received a notice of foreclosure and weren’t sold or repossessed by banks, according to the Jacksonville, Florida-based real estate data company.
“You’ve got this bunching up in the later stages of the process,” Herb Blecher, senior vice president for analytics at Lender Processing Services, said in a telephone interview. “The bottlenecks are still there.”
The time to resolve mortgage delinquencies has grown from a year ago, when banks delayed filings after claims of “robo- signing,” or pushing through documents that weren’t verified, spurred investigations by attorneys general in all 50 states.
Foreclosures take longest in so-called judicial states, which require court approval to seize properties, led by New York, where the average home was in the process for 767 days. It was followed by Florida with 757 days, New Jersey with 708, Hawaii with 681 and Washington, D.C., with 676, Lender Procession said. The shortest averages were in Wyoming at 398 days, Nebraska at 407, Alaska at 411, Idaho at 416 and Arizona at 418.
Retailer & Economic Reality:
http://online.wsj.com/article/SB10001424053111904563904576588964006576034.html?mod=WSJ_hpp_editorsPicks_1
From the comments section:
The Death (or Disappearance) of the Aspirational Buyer Once again she didn’t show up at Nieman, Saks, or Nordstroms; you remember her quite fondly, but you won’t be seeing much of her for a while, maybe for much of the next decade. She was a college-educated, middle-class woman with the need to convince herself that she was entitled to some luxury in her life. She’d take care of the family at the mid-priced stores like Macy’s or even Penney’s; then she’d go to the “ritzier” end of the mall, have a latte, and shop for herself at the shoe department of Nordstrom’s (oh, do they sell shoes!) or wander through Saks looking for the one item that would make her day, make her feel special. Our friend just found out that when her Lexus 350 lease is over next month, the best she can afford to replace it with is a Toyota Corolla, given her deteriorating credit score. Her administrative job is still there at the office park, but she knows that they’ve stopped hiring and some departments are cutting staff. She’s just had “the talk” with her daughter about the difference in costs between SUNY Albany (or Penn State) and Boston U. and made it clear that she can’t sign for an additional $200k for private college over a state school. Her 401(k) is in shreds, as most of it was in her own employer’s stock. Her husband’s commissions are down 35 percent from two years ago when they refinanced the house to add the granite-clad kitchen with the “professional” six-burner oven (very useful for reheating Chinese take-out). The easy-to-afford mortgage on their house is being reset next month, and while her payments aren’t going up much, she knows quite well that it’s now greater than her neighbor got for the same house next door. And, to top it off, her parents stopped those annual gifts of 10 or 20 thousand dollars because the only estate problems they’re left with is staying in their home. So don’t expect to see her at Saks for a while, or at Nieman, or at the shoe dep’t of Nordstroms. She’s either “shopping in her closet” or running into Kohl’s in the next town (so no one will see her). And, to her great surprise, her 12 year old son doesn’t mind getting his school clothes at Target. Note: The new reality is 3 years old; it’s not going away whether Obama, Perry, Romney, or Dwight Eisenhower is elected in Nov 2012. It transcends politics.
From Fox News:
Historic ‘Addams Family’ house listed for $799K
We snapped our fingers and sang the ditty to The Addams Family’s catchy theme song, but before the creepy and kooky family made it to television in 1964, they were just a mere panel cartoon on the pages of the New Yorker magazine.
And now, the home where The Addams Family was conceived is for sale for $799,000.
The “historic Addams Family home” is located on New Jersey’s Westfield real estate market and it’s where cartoonist Charles Addams brought to life the ghoulishly comedic cast of characters, including Gomez, Morticia, Fester, Wednesday, Pugsley, Lurch, Grandmama and the Thing.
Good Morning New Jersey
Grim Number 2 As a big fan of the show growing up I never knew that! Had a crush on Morticia. The first thing that comes to mind to me when Westfield & homes are mentioned is John List.
XydyUZ fqjbllcnkrax, [url=http://mbolypjctfnl.com/]mbolypjctfnl[/url], [link=http://turtnqjgizcq.com/]turtnqjgizcq[/link], http://qwywgppgfrnc.com/
Nobody tops John List. That SOB nearly got away with it.
Wonder if Hank Williams would’ve used the lawn jockey metaphor rather than H!tler if he knew he was only going to have one shot at speaking out before being silenced.
I guess what we all need is a little less freedom.
Does this sort of talk from O’s former staff skeeve out anyone else here? I don’t think it is coincidental. It’s like he has this Greek chorus, all chiming in from Chicago and various other spots.
Water, .223, gasoline and shiny. Pretty soon, nothing else will matter.
This Xmas but jewelry online and save big: http://www.25karats.com
Now waiting for someone to tell me that what Hank Williams said is the equivalent of yelling “fire” in a crowded theater…
From Time:
The Economy
5 Weird Things People Are Stealing While the Economy’s in Bad Shape
Read more: http://moneyland.time.com/2011/09/30/5-weird-things-people-are-stealing-while-the-economys-in-bad-shape/#ixzz1ZoURklFm
1. Note: The new reality is 3 years old; it’s not going away whether Obama, Perry, Romney, or Dwight Eisenhower is elected in Nov 2012.
I wonder why they inserted one American (DDE) with the three non American Socialists?
Last big recession toliet paper out of public bathrooms was a big one.
That high maintenance b-tch is going to fit in great at the trash can barrel when her pile of borrowed fiat goes up in smoke.
B of A is being eviscerated by the hyenas. Can they hold it together? Or will they succumb. It’s time for more consolidation of wealth and power.
# Grim …I notice that the tax assessment on the Adams house is 181K …with taxes of 13K how is that possibly and will they adjust the taxes when the house sells ? …http://www.zillow.com/homedetails/522-Elm-St-Westfield-NJ-07090/40086162_zpid/#{scid=hdp-site-map-bubble-address}
>>She’s either “shopping in her closet” or running into Kohl’s in the next town (so no one will see her). And, to her great surprise, her 12 year old son doesn’t mind getting his school clothes at Target. Note: The new reality is 3 years old; it’s not going away whether Obama, Perry, Romney, or Dwight Eisenhower is elected in Nov 2012. It transcends politics.<<
And that doesn't account for the damn cheapskates who are bypassing Kohl's and Target altogether. The damn thrift shops in my area are doing land office business because these damn cheapskates are buying stuff used. Hell, a damn pair of sweat pants can be picked up for $ 4 while the same damn pair in Kohl's cost $ 30.
I don't doubt that the some of the real estate terrorists got into the damn thrift shop business.
Al:
Morgan Stanley not looking too good either. They seems to be loaded up on French banks, who are loaded up on Greek debt.
http://www.zerohedge.com/news/morgan-stanleys-exposure-french-banks-60-greater-its-market-cap-and-more-half-its-book-value
http://www.zerohedge.com/news/belgium-morgan-stanley-cds-hit-escape-velocity
19,
Hype,
Lets start our own OTC derivatives market here on NJrereport. Ill take the dark horse of B of A going down for the count. You can take MS.
MS insiders are buying.Do they know something the public don’t know? Executives buying more stocks.
b of a is a mystery. The stocks keeps getting hammered and hammered. I don’t think it is anywhere close to a BK but that does not mean company could have a zombie stock for many many years. Look at Eastman Kodak and American Airlines. Neither have ever been bankrupt but frankly their best days were back in the era of Nifty 50 Stocks. Big issue is losing investor confidence, customer confidence and killing employee morale regardless of your fortress balance sheet will still evenutally bring you under. Oddly these companies the bond holder has a total different view than the shareholder. Back in 1991 Kodak for instance issued senior non callable 30 year bonds at 9% back when they were investment grade. The stock meanwhile has been in a 20 year free fall. The bond holder already got back 180% of his investment and if Kodak did go bk in a senior position he might get back 30 cents on a dollar in liquidation or if company reorganizes stock in new company. The common long term shareholder in kodak has been pummeled to death.
MS is being unfairly hammered. Problem is no one knows when it will stop so buying their stock is a crap shoot. I love to buy a stock that is 30% undervalued until it becomes 60% undervalued. Plus remember insiders sometimes gets 15% off stock price which helps protect.
Perhaps they had a word with Bernanke. He’s going to print. The question is how much and when?
Kodak has assets and patents that it can sell exceeding its stock price.It is a strange world,how they evaluate this companies.
This is what you get when you buy on the news and sell on the news.
#11 Skank WIlliams Jr can say whatever the hell he wants…and ESPN can choose whether or not they want him representing them. Its a business move.
re # 1 – There is a store in Hoboken that is doing quite a brisk business in Luxury Consignment.
Heremes bags are apparently 70% off used and used Kate Spade pumps go for $50.
http://www.nj.com/hobokennow/index.ssf/2011/03/meet_the_merchant_special_edit.html
JJ did you see that 15 year taxable muni MS offered, 8% paid quarterly providing the s&p does not drop below 875. As an example if it falls under 875 for one day they will average it out. A gimmick to buy their debt?
For an interview what questions would be good to ask?
mainly to see they are decent hard working people who can think independently and work on their own and have good attendence and stuff
what is the cusip or details. I have an MS brokerage account I use for IPOs and stuff and I know the guy 20 years so I can ask him if it is a gimmick or a good deal.
Mike says:
October 4, 2011 at 9:42 am
JJ did you see that 15 year taxable muni MS offered, 8% paid quarterly providing the s&p does not drop below 875. As an example if it falls under 875 for one day they will average it out. A gimmick to buy their debt?
re: s&p does not drop below 875
S&P’s unweighted methodology for EPS means that large losses by only a few companies due to the recession will drive the index down a greater percentage. Inverse is also true in boom times.
Question should be got earnings?
All signs point to Neutron Jack’s phone ringing to boost earnings.
I went to an open house this past weekend in the Great Notch section of Little Falls. For those unfamiliar, this is a leafy, tree-lined part of town with expanded properties, pretty landscaping, etc. It’s the “haughty” part of town. I looked at an expanded cape colonial; nice curb appeal, lots of layout, very expansive, a rear extension over the years, tons of storage and an ingound pool that was “re-cemented” a few years ago . However, it appears to be a snapshot of 1972 so it needs more than sprucing, the place needs to be redone.
They claim the kitchen was updated 15 years ago but I didn’t question it. It needs to be redone as does the bathrooms. It can be liveable but it needs work. The asking price is $589,000 and the taxes are “listed” at $12,750 which probably means your first tax notice will be 14K plus. I think 75K to 100K is my estimate to give it the panache’ the Jones’ will appreciate. I’d offer $450,000 on the house which is basically what it’s worth.
Gary 589k in any part of little falls isn’t good. These people are smoking crack, even 450k seems optimistic! I know the area and it is nice, but that doesn’t help the fact that parts of little falls are really crummy and kind of trashy. In 2005 that didn’t hurt prices as much, today it is a killer.
Gary #33 – In the last 6 months there have been 46 homes sold in Little Falls. Only 4 of them have sold over $400,000! Any questions?
Yields on 30-year bonds are 2.73, historically stocks are like 8-10% a year. WOW, take one million dollars invested today and compare a 2.73 return to a 9% return the difference is crazy big
JCer,
You may be right about the 450K price. The house could be awesome but it needs 100K to get it there, at minimum. Plus the taxes… just insane anymore. I say 450K with much trepidation. This is an estate sale and it’s going to sit. I’m trying not to be a pessimist but again… I’ll wait. The prices are simply still out of whack. And this is Little Falls… not to knock the town but, it’s Little Falls and a coast down the hill does tend to turn into Hillbilly Heaven.
#35 – Correction, 5 over 400
30 year,
LOL… I love you!! :)
Gary you know if you move there you are going to have to socialize at the Brownstone and if you are lucky you get to meet the Real HouseFraus of NJ and buy some of their books and clothing. :!!
Back to the Hippies on Wall St!
Here is an interesting video of a Union member speaking at night during one of their late night soapbox sessions.
http://www.youtube.com/watch?v=r6OsQKkYTms
>>>Juice Box says:
October 4, 2011 at 9:35 am
re # 1 – There is a store in Hoboken that is doing quite a brisk business in Luxury Consignment.
Heremes bags are apparently 70% off used and used Kate Spade pumps go for $50.
http://www.nj.com/hobokennow/index.ssf/2011/03/meet_the_merchant_special_edit.html
<<<
A damn flipper. I think I've found another damn business to go into!
Juice [40],
We’ve out-catered a few affairs from the Brownstone… the food has always been good. The owners are experienced and the most level-headed it seems. As for the rest of the crew, the only conversation I could possibly have is to argue over who has the best muzz-a-dell and Italian bread. :)
Gary – The best advice I could give you regarding towns to live in, particularly in this kind of market, would be to buy more town and less house. Bad decision to be in the top 10% of the price structure for a lesser town. Better to be in the middle of the value range of a more desired community.
Watch out JJ:
http://www.msnbc.msn.com/id/44732993/ns/health-mens_health/
‘Broken pen-is’: Karma for cheating husbands?
Extramarital affairs break hearts — and fracture parts
snip
Sex outside marriage, and s-ex that occurs under out-of-the-norm circumstances, may increase the risk of pen-ile fractures, said study researcher said Dr. Andrew Kramer, a urologist at the University of Maryland Medical Center.
snip
Gary it’s not a bad catering hall at all, it’s not great but it’s also relatively inexpensive. Food is decent.
Many are much worse. Food is generally edible, decent italian american food.
The house I grew up in, a 1965 4BR 2-1/2 bath CH colonial in Rockaway Township, had Lis Pendens filed in Sept 2009, no sheriff sale scheduled as of yet. The house is probably worth low to mid $300’s, the current owners have at least $465K in mortgages according to the Morris County clerk, but Realty Trac had it listed as a foreclosure with something like $750K owed. I think they refinanced it to the hilt in 2007 and maybe never made a payment. They could be living there going on 4 years rent free. Maybe it being such a big loss for the bank(s) to realize, it’s way on the lose-lose way back burner.
My parents bought it new for $23K, btw. The taxes are $8500 now.
30 year [44],
That is the most common-sense homerun statement there ever was. I never waivered or doubted it for a moment. That is my strategy and I will definitely stick to it. Viewing that house was just an appeasement for a “certain” person.
the european commenter on fox business referred to an “acrid stench of fear” in europe.
They must be reading this blog
Gary,
Why would any part of the Passaic Valley school district be described as haughty?
Dan [51],
You don’t have to twist my arm on that statement. Others might see it another way, though! ;)
JCer [47],
Yup, I agree.
48 – Whoops, wrong about the taxes. They’re now up to $9043. 1/4 acre lot. Wonder if the owners know it has asbestos shingles on three sides under the vinyl siding.
Perry better stop measuring the White House windows for drapes:
“The telephone poll from Sept. 29-Oct. 2 of 1,002 adults also showed that Perry, who performed poorly in recent debates and whose immigration positions are at odds with most of the GOP base, has seen his support among self-identified Tea Party backers drop from 45 –10 percent in one month — in September he had a 3 to 1 advantage over any other candidate.
http://www.foxnews.com/politics/2011/10/04/perry-slides-in-two-new-polls/#ixzz1ZpGq7cLh“
“The shortest averages were in Wyoming at 398 days, Nebraska at 407, Alaska at 411, Idaho at 416 and Arizona at 418.”
Whirlwind, clearly.
“The “historic Addams Family home”
The home used for the exterior shots for the TV show is in the Democratic Peoples’ Republic of Ithaca.
This breaking news. Chris Christie is still not a candidate for president.
And Franco is still dead.
Gary — 14k in taxes? You might as well move into Montclair or Glen Ridge.
Technically Chris Christie would have trouble running, period.
Viva Franco!!
Translation to Bernake’s comment “the economy is close to faltering.”
The six large Wall Street Bank Holding Companies which aren’t lending to help the economy and in which the Fed funneled trillions of dollars that it had created out of thin air, are close to exposing their insolvency as their stock prices plummet. The “mark to model” assets, that that the Fed and the taxpayers via Fannie and Freddie did not buy from those insolvent banks at full face value, are imploding faster than a neutron can travel over the Fed’s light speed digital virtual printing presses.
Question should be posed what will the Fed do next? Probably print and pay the primary dealers to buy up Wall Street bank stocks, and via FX swaps continue to funnel dollars to other Central Banks worldwide to do the same with their failing banks.
Expat,
The one thing I can’t tell about that area schoolwise is how Knolls and Hills will rank 20 years from now and in particular what kind of town Rockaway will be more than Denville. Definitely an increasing hispanic population and not sure they’ll be able to hold tax base as well. Of course, that’s the whole argument about most of NJ in the future, isn’t it?
Companies exposure to its stocks is just the majority shares it is holding.It got its money when it did an IPO.Its earnings and capital as a business has nothing to do with how the stocks is performing.Value of outstanding shares is all they are exposed.No?
One good reason to prefer good towns to bad towns is that all the towns charge you nearly the same property taxes for fairly similar houses. In some towns that provides a ticket to reasonably well run state-run education. In other towns it provides a child with diverse experiences seated next to crack-babies and teachers that cannot spell.
Even if you won’t have kids, the next buyers might.
I do think that there are some value opportunities in lower upper tier towns though, where schools and services are good, but people aren’t paying big premiums for elite status.
No. 31 JJ will try to find out, they are also offering a shorter term with a 6% coupon.
gary: Before Little Falls yous should look at this listing below in Oradell. Sold for 645k in 2005. Now listed at 484K, 11k taxes. Nice block, and you get the blue ribbont thing and train town too.
http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1127042&dayssince=&countysearch=false
Theo says:
October 4, 2011 at 11:46 am
Viva Franco!!
http://www.youtube.com/watch?v=HX_-faiNTVU
Chif what do you think of this stock for yield? CenturyLink (NYSE: CTL)
#68 – plus you get one of the best coffe shops in NNJ – Cool Beans on Kinderkamack in Oradell
seif ? Why aren’t you down at Zucotti Park, we need someone down there to start making some sense. :)
For JJ:
LAS VEGAS — Former Hugh Hefner girlfriend Holly Madison has insured her surgically-enhanced breasts for $1 million.
Madison, 31, took out an insurance policy with Lloyd’s of London to protect her “primary money makers,” People magazine reported Thursday.
“I’ve heard about people getting body parts insured and I thought, ‘Why not?’ If anything happened to my boobs, I’d be out for a few months and I’d probably be out a million dollars,” the former “Girls Next Door” star said.
The busty blonde became one of Hefner’s girlfriends in 2001. She ascended to the role of his “number one girl” a year later and was a prominently featured on the E! reality show about his polyamorous love life.
But she split from the octogenarian in 2008 and moved to Las Vegas where she now appears topless in a burlesque display, “Peepshow,” at the Planet Hollywood in Sin City.
Madison has spoken openly about getting breast implants to enhance her career.
“I wanted to get my breasts done [but Hef] didn’t want me to do it,” she said in a 2006 interview when she was still dating the Playboy founder.
“That’s a decision I made on my part. I wanted boobs to match the booty,” she said.
LAS VEGAS — Former Hugh Hefner girlfriend Holly Madison has insured her surgically-enhanced breasts for $1 million.
Madison, 31, took out an insurance policy with Lloyd’s of London to protect her “primary money makers,” People magazine reported Thursday.
“I’ve heard about people getting body parts insured and I thought, ‘Why not?’ If anything happened to my boobs, I’d be out for a few months and I’d probably be out a million dollars,” the former “Girls Next Door” star said.
The busty blonde became one of Hefner’s girlfriends in 2001. She ascended to the role of his “number one girl” a year later and was a prominently featured on the E! reality show about his polyamorous love life.
But she split from the octogenarian in 2008 and moved to Las Vegas where she now appears to-pless in a burlesque display, “Peepshow,” at the Planet Hollywood in Sin City.
Madison has spoken openly about getting breast implants to enhance her career.
“I wanted to get my breasts done [but Hef] didn’t want me to do it,” she said in a 2006 interview when she was still dating the Playboy founder.
“That’s a decision I made on my part. I wanted boobs to match the booty,” she said.
3b [68],
I know, I saw that listing the other day. The house in Little Falls was simply a “look see” to appease certain family members.
#72 haha…i have considered going but my damn bills refuse to pay themselves. this guy is down there making some good sense:
http://www.huffingtonpost.com/2011/10/03/fox-news-occupy-wall-street-video_n_992406.html
NJGator [60],
Believe me, if I’m dropping 14 large in taxes, I would consider Montclair or Glen Ridge.
Little Falls slowly turning into a Mexican village. Go over for coffee a few mornings
and walk around .
re: # 75 seif – one of the few, the MSM has been interviewing quite a few characters at the Park lately. However the race card may be flipped across the tables if the Republicans GASP nominate Herman Cain. Then it will be all what you talkin bout willis?
64-Dan
I agree, Rockaway Township has an uncertain future. I was a Morris Hills graduate class of ’77. In the decade following, school enrollments plummeted as empty-nesters stayed put. By the mid 80’s my generation had the attitude that “You weren’t a loser if you came from Rockaway or Rockaway Township, but you were probably one if you stayed or went back.” Then all the condos sprung up by the Mall, and the Dover border was suddenly breached, causing the hispanic inflow, Birchwood village was next and I have no idea how White Meadow Lake currently rates. Then you have the spotty McMansion developments all around the township and you can say it probably doesn’t look too good for the schools going forward. When I was a freshman at Rutgers, it became obvious how much better a MH/MK education was then the other kids were getting around the state. Now maybe not so much.
None of my family lives in Morris county anymore, they’re all in Hunterdon and Somerset.
Hunterdon sucks, high taxes, nothing to do and garbage pick up is a joke, the schools are not even very good and it is the middle of nowhere with only a superlong bus ride to NYC with very limited service. Horrible place. Might as well in the Poconos.
Interesting comparing Herman Cain’s resume to Barrack Obama’s. The little engine that “Did” over & over, versus the one that “Never Did” over & over.
JJ. CTL was the first equity my investment club purchased when it was founded in 2005. They were (and most likely still are) a wireline telecommunication provider in rural America. If I recall properly, they mainly acquired lots of copper that the big boys no longer wanted to service. We bought in November of 2010 and sold in April of 2011 for a 22% gain including two dividends. We sold it, primarily because we bought it fairly valued and it rapidly became overvalued without any significant fundamental changes.
#80 – JJ
You’re not dissing my sister’s Ringoes McMansion are you? She might run you over with her Hummer if she can remember which of the 3 garages it’s parked in next to her husband’s Flying Spur.
We rode CTL from 32 to 39. I see it’s back to 31 and change.
Do you have a re-entry point? Yield is around 8%. Or is it a dead stock.
Libtard in Union says:
October 4, 2011 at 2:04 pm
We rode CTL from 32 to 39. I see it’s back to 31 and change.
I know that Hoboken consignment shop dude from the dog run. Nice enough guy.
Re BofA,
You announce plan of jacking up your atm fees to $5 and your website is down for three days. Good signs of a company that is doing well.
Dead, according to our investment philosophy. Unless landlines make a comeback. Want yield from a telecommunication company? Consider TEF (Telefonica).
Mike,
How did you hear about those MS bonds?
I just searched the Bond Buyer and BondsOnline and came up dry.
When were they issued, or are they being issued now?
Are they issued by MS as MS bonds, or are they being underwritten by MS for another issuer?
BAC was shorted by Chairman O yesterday and now a few in Congress are also jumping on the bandwagon including a North Carolina Democrat.
http://www.bloomberg.com/news/2011-10-04/bofa-customers-urged-by-lawmakers-to-quit-lender-over-debit-fee.html?cmpid=yhoo
http://whitehouse.blogs.cnn.com/2011/10/03/obama-no-regrets-over-solyndra
Obama: No regrets over Solyndra
President Obama Monday said he does not regret a half-billion dollar government loan to the now-bankrupt solar energy company Solyndra and vigorously defended his administration’s policy of providing assistance to similar entities.
“No I don’t,” the president said when asked directly if he regretted the $535 million federal loan guarantee in 2009. “Because if you look at the overall portfolio of loan guarantees that had been provided, overall it’s doing well. And what we always understood is that not every single business is going to succeed in clean energy.”
The comments came in an interview with ABC and Yahoo News.
Obama specifically touted Solyndra in a visit to its California headquarters in 2010 but the company closed shop just over a year later, putting more than 1,000 people out of work and leaving the government unlikely to get back all the money it loaned.
Meanwhile, e-mails revealed by a House Energy and Commerce Committee investigation indicate at least some members of the administration expressed trepidation over the firm’s financial health before the loan was approved.
Obama brushed aside those contentions in the interview Monday, saying that “hindsight is always 20-20.”
By moving my wife and kids from Hackensack a few months back, we have already begun the hispanic infiltration of Hillsdale.
MS bonds are only listed by MS. They will not even appear on their own website. You have to call an MS broker to get info. Suitablity concerns they only sell it on a taped phone after you get perspectus.
scribe says:
October 4, 2011 at 2:24 pm
Mike,
How did you hear about those MS bonds?
I just searched the Bond Buyer and BondsOnline and came up dry.
When were they issued, or are they being issued now?
Are they issued by MS as MS bonds, or are they being underwritten by MS for another issuer?
“historically stocks are like 8-10% a year”
Only if people lived 200 years, which they don’t.
http://www.jargon-free.com/historical-stock-charts-what-can-we-learn/16/
Better odds in Vegas.
JJ -31 & Scribe -89 Sorry I called them Munis but hope this link helps http://home.jvbbonds.com/StructuredProductsImages/PDFs/Morgan%20Stanley%2015y%20SPX%20Range%20Note%20XS8%20(Sept%202011).pdf
Mike,
Thanks. Will check it out.
The only thing I found about MS itself was that they will be floating $5 billion plus in Uridashi bonds to the Japanese – Bloomberg story.
Mike,
Link isn’t working.
CWA union with it’s 700k members are now on board with the hippies.
Better tell Bloomberg to order more plastic handcuffs.
Mike,
Just got it by noodling around with the URL.
CUSIP 617482XS82
MS has a lot of these “structured products” linked to different indexes or types of products.
#00 No secondary market.
#74 gary: Spouse?
Trouble is MS sells only at Par. Considering those bonds were created in August and the S&P has fallen a lot since them not as good a deal. But to be honest if S&P fell another 5% and they reset those to uner 800 in the S&P I may be a buyer.
Right now I think you would do better with a convertible bond of a beat up company. You would get the coupon plus upside.
scribe says:
October 4, 2011 at 3:18 pm
CUSIP 617482XS82
MS has a lot of these “structured products” linked to different indexes or types of products.
Wow, monster short squeeze.
From Zero Hedge:
FT Causes Massive Short Squeeze With Mother Of All End Of Day Rumors
http://www.zerohedge.com/news/ft-causes-massive-short-squeeze-mother-all-end-day-rumors
The below listing expired at a 450K list price. It is back on the market as a new listing (of course!!!) at………449,900!!! Nice block though, and it would probably have sold for 550K or more during the bubble.
http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1137406&dayssince=&countysearch=false
The End is Nigh…..
LOS ANGELES (Reuters) – A new poverty-stricken Muppet will highlight the issue of hunger struggles on an episode of “Sesame Street”, the show said in a statement on Tuesday.
Its been 700 days
Since I don’t know when
I don’t pay my mortgage
Unlike you my friend
You know what I mean
Oh, you know what I mean
Crack-addict Barbie can’t be far behind.
[90] juice
Diplomacy is the art of letting someone have your way.
BofA loses a bunch of PITA depositors? No worries in Charlotte.
[75] seif
Interesting contradiction from the “99%ers”.
They hate the top 1%
But they won’t let them leave.
Wonder why.
Now THIS is how to nompound!
http://www.cnbc.com/id/44276192/?slide=8
well, seller capitulated. Will start attorney review. hopefully clear by friday, because uber inspector is supposed to inspect on monday. 4th time is the charm!
Morph – Report in on Das Uber.
chi (107)-
I say starve the muppet, then strangle the life out of it.
Goddam glorified sock puppet…
shore (109)-
I resent that. I dated her in NYC around 1985.
Smoke that rock, s^ck that c&ck.
“Magpies unbeaten in 12. In contention for a Champions League spot.
Gooners spit the bit at White Hart Lane. Ripe for relegation.”
Still pounding the Everclear? Barcodes still 14/1 for the drop, Gooners 100/1. I think you’ll see the Barcodes in Championship before they ever get near the Champions League.
Enjoy November, City, Utd and Chelsea in a row, Good luck with that!
Nom,
Keith going for ‘precious’, thirds times a charm!
http://msn.foxsports.com/mlb/story/Boston-Red-Sox-Bill-Buckner-ball-New-York-Mets-1986-World-Series-auction-eBay-100411
(119) fabe
I’ve had a hard day and you hit me with this sh1t??? Bite me.
comment5, amanda seyfried naked, >:DD,
, ashton kutcher naked, 72173,
comment5, jessica alba naked, 036,
, kim kardashian desnuda, hbbgbp, olivia munn naked, 2460,
comment5, britney spears nackt, yizo,
comment5, pamela anderson sex tape, xtu,
comment3, emma watson desnuda, erefl,
comment5, avril lavigne sex tape, orukui, eva longoria sex tape, 8-[[,
comment4, scarlett johansson sexy, >:]], sandra bullock sex tape, 93849,
comment1, kim kardashian sexy, 7320,
comment3, angelina jolie hot, 12792,
, keeley hazell sex, :(,
comment3, brooklyn decker naked, :DD,
I am the happy owner of a repossessed property bought on auction
for well-below the market value. After searching the web for a decent site for repossessed property, I came across this site. The site is worth visiting, since the whole process of searching was done online, even the bidding.
comment6, daniel radcliffe naked, 43050,
comment5, katie price naked, 8OO, eva mendes hot, 17594,
, manisha koirala hot, 8321,
comment5, demi lovato naked, opg, sarah hyland bikini, >:-PP,
comment1, eva longoria hot, qxamne,
comment6, jennifer lopez ass, agbxuz,
comment6, selena gomez bikini, :PP,
comment6, jenny mccarthy naked, 96251, penelope cruz hot, ahw,
, aishwarya rai sex, zfxegn,
comment5, charlize theron naked, jpcwj,
comment2, kelly kelly naked, 8-O, britney spears nackt, qosr,
comment5, vidya balan breast, 8]],
I should say your blog is outstanding! I will undoubtedly come back again again!
, kelly brook playboy, 57167,
comment5, keira knightley naked, =[, megan fox nuda, ewk,
, angelina jolie naked, 566,
, scarlett johansson breast, 979905,