Jimbo Posted June 25, 2018 Report Share Posted June 25, 2018 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. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted June 25, 2018 Report Share Posted June 25, 2018 If i'm a betting man with no worries about money, i would not buy this dip. Think it's too early. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted June 25, 2018 Report Share Posted June 25, 2018 Dow below the 200 dma... Should get a bounce here... Link to comment Share on other sites More sharing options...
DrStool Posted June 25, 2018 Report Share Posted June 25, 2018 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 Link to comment Share on other sites More sharing options...
potatohead Posted June 25, 2018 Report Share Posted June 25, 2018 Looks like the market slipped on the soap or bent over to pick it up…….. Link to comment Share on other sites More sharing options...
DrStool Posted June 25, 2018 Report Share Posted June 25, 2018 I was dreamin' when I wrote this, forgive me if it goes astrayBut when I woke up this mornin', could've sworn it was judgment dayThe sky was all purple, there were people runnin' everywhereTryin' to run from the destruction, you know I didn't even care Say say two thousand zero zero party over, oops, out of timeSo tonight I'm gonna party like it's nineteen twenty-nine Link to comment Share on other sites More sharing options...
DrStool Posted June 25, 2018 Report Share Posted June 25, 2018 Looks like might have been a timely headline yesterday. http://wallstreetexaminer.com/2018/06/stocks-on-the-brink-of-collapse/ Link to comment Share on other sites More sharing options...
fxfox Posted June 25, 2018 Report Share Posted June 25, 2018 Doc, you are a bit too euphoric. That's my part, usually. I marked the low in Feb with that. Link to comment Share on other sites More sharing options...
DrStool Posted June 25, 2018 Report Share Posted June 25, 2018 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 Link to comment Share on other sites More sharing options...
DrStool Posted June 25, 2018 Report Share Posted June 25, 2018 Intraday cycles mixed for next half hour then in gear to the upside rest of day. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted June 25, 2018 Report Share Posted June 25, 2018 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.. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted June 25, 2018 Report Share Posted June 25, 2018 Shorted ES at 2724. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted June 25, 2018 Report Share Posted June 25, 2018 Shorted ES at 2724. Setting stop above 2740. Trade safe. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted June 25, 2018 Report Share Posted June 25, 2018 Shorted ES at 2724. Out at 2715 for +9. Boy I miss you Mr V! Welcome back. Link to comment Share on other sites More sharing options...
sandy beach Posted June 25, 2018 Report Share Posted June 25, 2018 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! Link to comment Share on other sites More sharing options...
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