I_Am_Madness Posted March 7, 2012 Report Share Posted March 7, 2012 Does this have the JUJU to make it back up and do a back kiss? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 7, 2012 Report Share Posted March 7, 2012 QE lite? "The Fed is considering buying bonds but sterilizing the proceeds, as the ECB does with the SMP. It would be an attempt to further cap long-term yields while damping down inflation concerns. Mr Dollar doesn’t like the sound of any further QE. Mr. Stock Market loves it! Gold loves it as well, though the new program would not increase the overall money supply. Given the source (the WSJ), the market will assume this is a purposeful leak from the Fed, whether or not it is or not…." Link to comment Share on other sites More sharing options...
MrHanky Posted March 7, 2012 Report Share Posted March 7, 2012 Not bad.... They got nearly half of yesterday's losses reversed in about 10 minutes,should have know better than to think it would be otherwise.But new highs may be tough in the short term. Link to comment Share on other sites More sharing options...
zero_value Posted March 7, 2012 Report Share Posted March 7, 2012 Back Long DXH12 @79.740 Looking to by 5 AAPL 530 puts @ 7.40, no luck yet Link to comment Share on other sites More sharing options...
gameover Posted March 7, 2012 Report Share Posted March 7, 2012 the chart patterns don't lie, YM 12900 is a coming did anyone really think after all the WW pumping for months, that after a decline like yesterday, it would continue beyond a day? Link to comment Share on other sites More sharing options...
DrStool Posted March 7, 2012 Report Share Posted March 7, 2012 Couple of new farticles that may interest you Our "Let’s Pretend" Economy: Let’s Pretend Student Loans Are About Education- CH Smith Welcome to Year Five in the Crazy House CH Smith Bernanke seen accepting faster inflation- Mayor of NY CoreLogic Data Shows House Price Declines Slowing- Moi SPX and NYA Updates: No Holy Grail Just Yet- Pretzel On FX and Notes from D.C.- Bruce the K For Profit Education, Pigs at the Trough- Russ Link to comment Share on other sites More sharing options...
Trader Joe Posted March 7, 2012 Report Share Posted March 7, 2012 Anecdotal, but here in Austin TX, the housing market in good school area is heating up, friends looking for home are being force to make an offer in 24hrs after house comes on market and multiple offers on homes are being seen, even for the not the most desirable homes in our neighborhood. same here in NJ I was watching 7 houses that went on the market over the past few months 6 of then went "under contract" last week Buyer interest is at a level that hasn't existed since 2006 ___________ The amount of gasoline out there in the form of low rates is HUGE, if someone lights a match LOA Link to comment Share on other sites More sharing options...
MrHanky Posted March 7, 2012 Report Share Posted March 7, 2012 same here in NJ I was watching 7 houses that went on the market over the past few months 6 of then went "under contract" last week Buyer interest is at a level that hasn't existed since 2006 ___________ The amount of gasoline out there in the form of low rates is HUGE, if someone lights a match LOA 6 years of continued freefalling here,with lower prints every single month without fail,even in the good neighborhoods.The only exception is highrises like i am in which have almost no supply so they have stayed reasonably stable. Even with plummeting prices here,rents have not really dropped much in comparison.So it is cheaper to own than rent,especially since property taxes are miniscule out here..... Link to comment Share on other sites More sharing options...
MrHanky Posted March 7, 2012 Report Share Posted March 7, 2012 Unloaded some more bonds today,and hopefully another block of them before the end of the day...... Getting into "risk off" as much as I can Link to comment Share on other sites More sharing options...
capitall Posted March 7, 2012 Report Share Posted March 7, 2012 6 years of continued freefalling here,with lower prints every single month without fail,even in the good neighborhoods.The only exception is highrises like i am in which have almost no supply so they have stayed reasonably stable. Even with plummeting prices here,rents have not really dropped much in comparison.So it is cheaper to own than rent,especially since property taxes are miniscule out here..... Thanks everyone for the reports on the housing markets at various locations around the country. I remember reading that Las Vegas housing took a much harder hit than the rest of the country. I think one reason was that it had run up higher and faster than other areas to begin with. But there were also other reasons which slip my mind. Maybe water shortage issues for the future? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 7, 2012 Report Share Posted March 7, 2012 Shorted June ES at 1345.25. Currently holding: June ES short at 1345.25 June NQ short at 2595 March 530 aapl puts at 12.10 Trade safe. Added to my March 530puts on appl at 9.10. Trade safe. Link to comment Share on other sites More sharing options...
MrHanky Posted March 7, 2012 Report Share Posted March 7, 2012 Thanks everyone for the reports on the housing markets at various locations around the country. I remember reading that Las Vegas housing took a much harder hit than the rest of the country. I think one reason was that it had run up higher and faster than other areas to begin with. But there were also other reasons which slip my mind. Maybe water shortage issues for the future? It's too easy to walk away when you pay $500k and it's worth $150k or less now.It's going to be a problem for quite awhile here.Some homes and condos here are even down 75%-85% in some cases. The good news is that 55% of all sales the last 2 to 3 years are CASH,which means a MUCH healthier market in another 3 to 5 years. Link to comment Share on other sites More sharing options...
gameover Posted March 7, 2012 Report Share Posted March 7, 2012 at critical juncture right here if YM fails at the neckline of inverse h&s intraday of 12810, which is now support, good chance back to 12750, then 12720 Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 7, 2012 Report Share Posted March 7, 2012 Tons of deals in the housing sector. If you want to build a house generating rental, there really isn't a better time. You got low rates, low housing prices and rent up. If you got the cash, it's a great time to build that portfolio to hand it to your kids. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 7, 2012 Report Share Posted March 7, 2012 AAPL red! Close them RED boys! Link to comment Share on other sites More sharing options...
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