Friday, August 28, 2009

Post Traumatic Stress - Just another day in the mortgage mess

Is it possible this market could be experiencing some sort of post traumatic stress after what happened last September/October? Last year, nearly everyone had some sort of a financial meltdown it seemed, leading to one of the greatest panics of all time last September/October. Therefore, it seems this market is suffering from what appears to be low volume before the month of September, therefore, the only logical reason to me is it is experiencing some sort of post traumatic stress. I heard one analyst say the market is tired, which I agree with. I am even exhausted with this overall market and the mortgage mess. Think about it, many of these banks received billions of dollars in bailout money without anyone ripping apart their profit and loss statements and, yet, these banks want to rip apart borrowers income who are trying to make their payments. The hypocrisy in this industry and our government right now is overbearing it seems. I always believed if hypocrisy existed in a system, then it lacked morality. Maybe I am wrong, but the exhaustion many of us are feeling does not seem right. We cannot let the system defeat us. Both banks and consumers have to work together, our economy needs both. We have to keep forging ahead. A recovery has to begin soon. We have to believe and hope!

Like I said weeks ago, this economy needs a jolt of some sort.

We have to keep fighting through this. Just as we would when we start a new workout routine. We fight through the exhaustion. However, it seems as if we need a cheerleader and/or even a fitness trainer to keep us moving in this market right now. We need a Leader. We need President Obama to do a pep talk for Wall Street and America as a whole. We need action in the lending industry, especially the jumbo market. We need him to stop being against Wall Street and just cheer everyone up, as he did so well during his campaign. We need a Leader just about now.

Just a thought.

Stay tuned...I have more to share. Just another day in the mortgage mess!