4shzl Posted February 15, 2008 Report Share Posted February 15, 2008 Nice headline ... http://www.detnews.com/apps/pbcs.dll/artic...5/BIZ/802150373 645469[/snapback] Take those blinders off, bears! Lose that doom and gloom attitude. There's lots of good news out there in the housing sector, e.g., South Dakota sales UP 8.9% YOY!!! Source -- and don't spoil it by looking at any of the other states Link to comment Share on other sites More sharing options...
joe3pack Posted February 15, 2008 Report Share Posted February 15, 2008 still green on my USU dong. anticipated chop and maybe a weak rally or two should allow me to exit greener. Link to comment Share on other sites More sharing options...
Slappy Posted February 16, 2008 Report Share Posted February 16, 2008 It was a good day, it was a bad day...... If the market keeps going like it's going I'm going to have to quit my dayjob. I had 'em, I left the computer, I missed 'em, I got to a computer too late to get 'em, I missed 'em, life goes on... Looks like I'm doomed to a life of getting whipsawed for 25% gains (in two hours, but who's counting?) It's Friday, let's party like we're coming and going..... They got me coming, gniog em tog yeht. Link to comment Share on other sites More sharing options...
Slappy Posted February 16, 2008 Report Share Posted February 16, 2008 More of the same... If you're running in sync with the zigs, the world is your burger if not, you sell at $37.20, put an order in at $36.00, watch it fall to $36.06, and never get your fill.... Link to comment Share on other sites More sharing options...
Slappy Posted February 16, 2008 Report Share Posted February 16, 2008 But I had a good week, so I'm smilin' Link to comment Share on other sites More sharing options...
bearmarketymark Posted February 16, 2008 Report Share Posted February 16, 2008 moved to regular forum Link to comment Share on other sites More sharing options...
stevieo Posted February 16, 2008 Report Share Posted February 16, 2008 Due to budgetary constraints, the Economic Indicators service http://www.economicindicators.gov will be discontinued effective March 1, 2008. Link to comment Share on other sites More sharing options...
bearmarketymark Posted February 16, 2008 Report Share Posted February 16, 2008 I am hearing from some friends that the auction rate certificates are failing consistently now. I understand one corporation purchased $200 million and are unable to get their money back. The credit situation seems to be getting worst very quickly Link to comment Share on other sites More sharing options...
K Wave Rider Posted February 16, 2008 Report Share Posted February 16, 2008 super bearish GTFO NOW 645462[/snapback] Nuthin' but air on all time frames below today's pivot low...here's a look at the 60 min YM... As long as we stay under the 12,450 battle zone, bombs away likely...above 12,450 and the whole structure will start to turn up...shouldn't have to wait much longer for big move now.... Link to comment Share on other sites More sharing options...
cwd Posted February 16, 2008 Report Share Posted February 16, 2008 Some comments from Mr Sinclair on bullion and shares. Dear Alex, This is what few of the present gold share holders and hedge fund operators understand. From 1970 to 1979 on balance the entire junior gold and silver category lagged gold and silver themselves until it was obvious that both metals were going ballistic. The junior precious metals then outperformed gold and the major gold shares. As each Angel is taken out we draw closer and closer to the same action of the junior gold shares as was true in February of 1979. The hedge fund operators are long the gold share majors and gold ETFs and short every junior under the assumption that the gold share leaders and gold itself will outperform the gold juniors. Soon they will experience February 1979 and screw up their spread badly. The more emotional and disillusioned emails I get the nearer we are to that point of a significant, immediate and violent up move. I am a man of patience, but also an elephant hunter. Study the chart of Hecla below, as it was almost the same action with every gold and silver junior from 1970 to 1979. Regards, Jim http://www.jsmineset.com/home.asp Link to comment Share on other sites More sharing options...
Brisbane Bear Posted February 16, 2008 Report Share Posted February 16, 2008 I didn't realise there was a 'clutching at straws' stage to these real estate cycles.. I'll Buy Your House If You Buy Mine Eager to move closer to their grandchildren in Tennessee, retirees Allen and Wilma Sawtelle put their home in the Southwestern Nevada town of Pahrump up for sale in August. They got nowhere. "The market is just dead," says Mr. Sawtelle. At their open house, he says, "I think one guy came, and he'd been drinking." (sounds like the agent.. ) Poking around the Internet for home-selling tips, Mr. Sawtelle, a 71-year-old former investigator for a law firm, discovered that anxious sellers like him are trying a new tactic: connecting with other sellers who might agree to "swap" -- or buy one another's property. The Sawtelles found a couple who were looking to move to Nevada, and whose house for sale was within driving distance of their grandchildren. The concept of trading homes temporarily for vacations has long existed, but now it's being adapted to the slumping real-estate market as people, particularly in the Sunbelt and other slow spots, scout for ways to unshackle themselves from their property. Anecdotal evidence suggests the number of people doing this is still relatively small, but it has popped up from virtually nothing in recent years. http://finance.yahoo.com/real-estate/artic...k5ZnhQ9iApO7sMF Link to comment Share on other sites More sharing options...
shorty Posted February 16, 2008 Report Share Posted February 16, 2008 MaSSive Wealth Creation and Joy from Housing Dip Some U.S. Americans are racking up tremendous profits from the minor dippy-doo in house prices. Others are enjoying a return to a happier, simpler lifestyle. Link to comment Share on other sites More sharing options...
ChicagoBear Posted February 16, 2008 Report Share Posted February 16, 2008 The shit has finally started to hit home. It is regrettable that I am going to share this story with you. I thought I have done all that I can to warn friends and family about what is happening in the economy and markets. Apparently it is not enough. Realistically, there is no way to avoid this. My best friend from college is president of his family business. They make chalk boards, marker boards, computer stands, and some miscellaneous furniture. My friend?s mom started the business, built it up, and was ready to retire. They debated over the future of the company last year. I thought I was helping him to decide to sell as a ?last chance? before the economy collapsed. Even though they are not consumer dependant, corporate spending on their products was bound to fall as the consumer died. They decided it was the right time to sell. Great. His mom has a great success story and now she can retire with wads of cash and easy living ahead of her. My friend, however, was required to keep half of his shares invested while he continued his employment. That?s the good news. When my friend found himself with cash from the sale of half his stock, he didn?t know what to do with it. I advised him to (1) buy gold (2) keep the rest in cash for the time being, and (3) if possible, diversify into Swiss a/o Euro denominated assets. This was in Q3 and Q4. I have told him everything I could about what was happening with the economy and especially the credit markets. I even shared some of Doc?s missives and suggested he subscribe. He appreciated the insight. Every time I talked with him he said he was in cash. He never bought gold or divested into foreign currencies, but at least he told me he was in cash. Until today. Today he called because he has $5m at Goldman Sachs tied-up in a municipal bond investment. It is illiquid, and he has been told that he can?t get his money because no one will buy the municipal bonds. His money is in limbo. I had to offer sympathy and hope that GS will absorb the loss. Maybe they will. Maybe someone else will bail it out. I hope so. Otherwise, half of his life?s work and savings will go down the drain. He has a short timeframe also, because his taxes on the sale are due in a couple of months. He doesn?t have the cash, and can?t get it. I am pissed at him and this whole situation. His money was invested in the Philadelphia school system which was paying 12%. He is an idiot for not recognizing that that high rate of return carried commensurate risk. He swears the financial advisor at GS told him it was ?as safe as cash.? He also says he has the documents to prove those claims. He is getting a lawyer and barking loudly, but the fact still remains he can?t get his money. You can spare me the ridicule for his stupidity. I know it and he now knows it now. What no one knew, however, was that this problem would finally hit home. I could care less about the idiots that are in financial trouble because they are over-extended on home-related loans. I know quite a few of those stories and the numbers are growing. But when a best friend takes half of his life?s work, cashes it in, and tries to be smart and safe (he really thought he was safe and in a liquid position), I can?t help but feel sympathy for him and anger towards an ignorant financial advisor. My advice is to do what you can to persuade people whom you care about to cut their risk on all investments. This shit will hit home eventually, right or wrong. GYMTFO NOW! Find a safe bank (if there is such a thing), get some gold and some cash on hand now, and pray that the contagion doesn?t spread. FWIW, I don?t think the praying part matters much, as the contagion is feeding upon itself and it doesn't appear that it can be stopped. Now I know your pain, MD. Porter. Let?s spread the word and hope others can dodge the bullets. Link to comment Share on other sites More sharing options...
DrStool Posted February 16, 2008 Author Report Share Posted February 16, 2008 For the last year or so I have pointedly told anyone in my family who cared to ask that the only place they should have their money is in a Treasury only MMF, preferably at Vanguard, or in FDIC insured CDs, for now. These are unsophisticated people. I now think we have gone beyond even that! We are now entering the cash in the mattress stage. I am terrified and appalled at the rate at which US Givermint finances are collapsing. Link to comment Share on other sites More sharing options...
DrStool Posted February 16, 2008 Author Report Share Posted February 16, 2008 MaSSive Wealth Creation and Joy from Housing DipSome U.S. Americans are racking up tremendous profits from the minor dippy-doo in house prices. Others are enjoying a return to a happier, simpler lifestyle. 645489[/snapback] I don't know how this happened, but it seems that shorty has started a blog for his own self!!!! http://wallstreetexaminer.com/blogs/mantle Link to comment Share on other sites More sharing options...
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