MisFit Kid Posted March 26, 2012 Report Share Posted March 26, 2012 Not sure you guys/gals saw this new product, exactly what I am looking for: Press Release New ETF: Prckshares (aka GoldmanSachless) a delaware conman company proudly announces its latest scam with Stock symbol UFKD. Investors who go long this con er sorry I mean ETF stock will lose all their money every day except when the inverse short futures derivative of the underlying 8x reverse future option when any tossed coin in the CME does not land on either side but on its edge and is witnessed by the entire floor traders department. We are allowed to bring this to market because literally anything goes in the USA because the SEC are out of town having a party with the proceeds. <br style="font-family: georgia, 'times new roman', times; text-align: left; font-size: small; "> Full Disclosure: I am long and strong UFKD I asked my broker about this marvelous product, ie....account balances, margin reqs. and then about legal issues and the law. They said I don't qualify (am not qualified?) to trade this ETF. Move along kid..... Asshats..... Link to comment Share on other sites More sharing options...
bundys_dodge Posted March 26, 2012 Report Share Posted March 26, 2012 Another Sign Bottom is Behind, House Sales Contracts Rise 14% <br class="Apple-interchange-newline"> Good, sensible report. I think there will be a lag in the mature markets like North East, especially NY suburbs. I notice properties coming to market at 2002-2003 price levels, it is just a trickle now, albeit noticeable. Demographics is not really encouraging for some NY suburbs with declining elementary school populations as young people who grew up around here leave in droves to more affordable locations in other states. Would you have anything to comment on housing markets in NY suburbs and Expensive Long Island?. Link to comment Share on other sites More sharing options...
DrStool Posted March 26, 2012 Report Share Posted March 26, 2012 Good, sensible report. I think there will be a lag in the mature markets like North East, especially NY suburbs. I notice properties coming to market at 2002-2003 price levels, it is just a trickle now, albeit noticeable. Demographics is not really encouraging for some NY suburbs with declining elementary school populations as young people who grew up around here leave in droves to more affordable locations in other states. Would you have anything to comment on housing markets in NY suburbs and Expensive Long Island?. I don't know enough about those markets. If they are expensive, then they'll remain under pressure. Cheap markets like Florida, where you've had a bona fide crash of 50-70%, will rebound. But even a 30% rebound would leave them 25-50% off peak. Demographics are good for FL, bad for Northeast, except in town, and close in suburbrs with good public transit. 45 miles out on LI, not so much, I would think. How much does a monthly LIRR ticket from Wantagh to Penn Station cost now? Link to comment Share on other sites More sharing options...
DrStool Posted March 26, 2012 Report Share Posted March 26, 2012 The housing bears continue to focus solely on weak demand while ignoring the collapse of supply. Shadow inventory is a bogus bogeyman. But what do I know about housing? Link to comment Share on other sites More sharing options...
Jetlag Posted March 26, 2012 Report Share Posted March 26, 2012 Doc, you sold out at the Florida top. Would you be a buyer now? Link to comment Share on other sites More sharing options...
DrStool Posted March 26, 2012 Report Share Posted March 26, 2012 The February report from FL was pretty stunning. I sensed the bottom last year around this time when I was out looking around at properties. Link to comment Share on other sites More sharing options...
bundys_dodge Posted March 26, 2012 Report Share Posted March 26, 2012 I don't know enough about those markets. If they are expensive, then they'll remain under pressure. Cheap markets like Florida, where you've had a bona fide crash of 50-70%, will rebound. But even a 30% rebound would leave them 25-50% off peak. Demographics are good for FL, bad for Northeast, except in town, and close in suburbrs with good public transit. 45 miles out on LI, not so much, I would think. How much does a monthly LIRR ticket from Wantagh to Penn Station cost now? Thanks for your opinion Doc. And the monthly fare between Wantagh and Penn Station is $254. Link to comment Share on other sites More sharing options...
DrStool Posted March 26, 2012 Report Share Posted March 26, 2012 Doc, you sold out at the Florida top. Would you be a buyer now? Maybe. Depends on the property, the location!!!, whether seasonal or permanent, the buy/rent calculation etc. But definitely would consider whereas before last year would not have. Link to comment Share on other sites More sharing options...
DrStool Posted March 26, 2012 Report Share Posted March 26, 2012 Thanks for your opinion Doc. And the monthly fare between Wantagh and Penn Station is $254. Not too bad. Link to comment Share on other sites More sharing options...
DrStool Posted March 26, 2012 Report Share Posted March 26, 2012 I just find the still predominant extreme bearishness on housing, ESPECIALLY among clueless mainstream media types, to be laughable. They only pay attention to the bad news, and twist positive developments to make them look bad. I'm not wedded to the bear case in anything, as most of you know. I just want to be a contrary thinker and look at the facts. That normally leads me to the correct conclusions. Link to comment Share on other sites More sharing options...
zero_value Posted March 26, 2012 Report Share Posted March 26, 2012 What an evil, sociopath Ben Bernsnake is, attempting to destroy the true saver and create a new poverty class among the elderly. Man should have his eyelids sown open and forced to watch the Golden Girls for eternity... Link to comment Share on other sites More sharing options...
DrStool Posted March 26, 2012 Report Share Posted March 26, 2012 Bernanke has no soul. What does the man care about? Really. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 26, 2012 Report Share Posted March 26, 2012 I just find the still predominant extreme bearishness on housing, ESPECIALLY among clueless mainstream media types, to be laughable. They only pay attention to the bad news, and twist positive developments to make them look bad. I'm not wedded to the bear case in anything, as most of you know. I just want to be a contrary thinker and look at the facts. That normally leads me to the correct conclusions. Do you think it's the best asset class to invest get in now? Link to comment Share on other sites More sharing options...
DrStool Posted March 26, 2012 Report Share Posted March 26, 2012 Do you think it's the best asset class to invest get in now? Real estate as a passive investment? No. Real estate is local. Whether it's a good investment or not depends on the location, the property, the tenants, and the ability of the manager, whether it be self managed or otherwise. All of the successful real estate investors I know were very hands on, and completely involved in the business full time. They made fortunes through the judicious use of leverage, and being actively engaged in the business. Link to comment Share on other sites More sharing options...
bundys_dodge Posted March 26, 2012 Report Share Posted March 26, 2012 What an evil, sociopath Ben Bernsnake is, attempting to destroy the true saver and create a new poverty class among the elderly. Man should have his eyelids sown open and forced to watch the Golden Girls for eternity... AARP and seniors are often touted as a powerful constituency especially with regards to Social Security and Medicare. How come that is not the case with interest rates?. May be because monetary policy is effectively out of the hands of the legislative and executive branch?. Link to comment Share on other sites More sharing options...
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