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aussiebear

World Stock Markets Trading Discussion - Bamboo barricades

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HOUSING JENGA ANYONE????

 

When you think about it housing prices in the USA are a giant game of JENGA

 

Due to the lending standards (or should I say non existence of such lending standards) of Fannie and Freddie

 

Each time they reduce their lending standards to keep the housing market juiced

 

Its like removing a wooden block from the tower.

 

 

Fannie and Freddie could be very profitable businesses if they maintained decent lending standards

 

Say 20% deposit.

 

But they dont - because they are being  used as politically motivated pump primers for the housing industry.

 

And so the US housing industry (particularly at the lower price levels) has been turned into one gigantic game of JENGA.

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If i'm a betting man with no worries about money, i would not buy this dip.

Think it's too early. 

 

Understatement of the year

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I was dreamin' when I wrote this, forgive me if it goes astray
But when I woke up this mornin', could've sworn it was judgment day
The sky was all purple, there were people runnin' everywhere
Tryin' to run from the destruction, you know I didn't even care
Say say two thousand zero zero party over, oops, out of time
So tonight I'm gonna party like it's nineteen twenty-nine

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Looks like might have been a timely headline yesterday. 

 

http://wallstreetexaminer.com/2018/06/stocks-on-the-brink-of-collapse/

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Doc,

 

you are a bit too euphoric. That's my part, usually. I marked the low in Feb with that.  :lol:

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This is just the warning shot across the bow. The real trouble starts in the second half. 

 

You Have Until July 10 to Prepare for The Collapse – Here’s What to Do

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Intraday cycles mixed for next half hour then in gear to the upside rest of day. 

 

2725-29 would be a sweet spot to short..

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Wow! Respect! Madness, That was some fast work there at the close!

 

Doc I'm glad your hard work is paying off!

 

This is just too fun! See you in the morning over coffee!

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