DrStool Posted September 21, 2007 Report Share Posted September 21, 2007 By the way, I bought my home in mid 1991 at the virtual bottom of the market. Sold it within 3 months of the statistical price peak in 2005. I'm pretty good at timing real estate. I've worked through and studied bubble-bust cycles long enough to have a pretty good feel. Real estate is pretty easy in that regard because the cycles and the conditions that accompany them are so consistent. Link to comment Share on other sites More sharing options...
Sudaca Posted September 21, 2007 Report Share Posted September 21, 2007 If there are any good deals that the Florida RE situation has uncovered, it's slightly used 2005/2006 luxury autos. These were mostly bought by one of the trillions of "realtors" with their newfound or imaginary "wealth", and are probably being sold, repo-ed, or auctioned off en masse. Probably some good deals out there with low mileage. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 21, 2007 Report Share Posted September 21, 2007 Unless my charts are busted. The september YM futures are currently only 10 points off from Thursday's highs. Link to comment Share on other sites More sharing options...
dogsie Posted September 21, 2007 Report Share Posted September 21, 2007 Northern Rock Shares Drop After U.K. Limits Guarantee Northern Rock Plc stock fell 28 percent after the U.K. Treasury said it won't guarantee deposits into new accounts at the lender, which was bailed out by the Bank of England. The U.K. Treasury won't protect new accounts set up at Northern Rock after midnight on Sept. 19, it said. The exception is re-opened accounts that were closed between Sept. 13 and 19. The Treasury also declined to protect debt instruments including covered bonds, subordinated and other hybrid capital, it said. 609520[/snapback] Why on earth would people open new accounts in an institution that is in such dire straits? Link to comment Share on other sites More sharing options...
DrStool Posted September 21, 2007 Report Share Posted September 21, 2007 Northern Rock Shares Drop After U.K. Limits Guarantee Northern Rock Plc stock fell 28 percent after the U.K. Treasury said it won't guarantee deposits into new accounts at the lender, which was bailed out by the Bank of England. The U.K. Treasury won't protect new accounts set up at Northern Rock after midnight on Sept. 19, it said. The exception is re-opened accounts that were closed between Sept. 13 and 19. The Treasury also declined to protect debt instruments including covered bonds, subordinated and other hybrid capital, it said. 609520[/snapback] Why on earth would people open new accounts in an institution that is in such dire straits? 609587[/snapback] Because the government first said it would guarantee them 100%. The government then realized its mistake, not wanting to suck deposits from otherwise healthy institutions to one on its deathbed, thereby increasing the hefty burden they had guaranteed. But you're right, I doubt that many people would have rushed in to move their money IN to Falling Rock. Link to comment Share on other sites More sharing options...
potatohead Posted September 21, 2007 Report Share Posted September 21, 2007 DJ Fed Accepts $3 Bln In 3-Day RPs Type of transaction: 3-Day RPs Total accepted: $3 Bln Total submitted: $36.8 Bln Agency Collateral Operation Total accepted: $141 Mln Total submitted: $11.05 Bln Stop-Out Rate: 4.73% Weighted Average: 4.73% High-rate submitted: 4.73% Low-rate submitted: 4.62% Treasury Collateral Operation Total accepted: $2.859 Bln Total submitted: $13.65 Bln Stop-Out Rate: 4.62% Weighted Average: 4.63% High-rate submitted: 4.67% Low-rate submitted: 4.58% Mortgage-Backed Collateral Operations Total accepted: None Total submitted: $12.1 Bln Stop-Out Rate: N/A Weighted Average: N/A High-rate submitted: 4.76% Low-rate submitted: 4.65% (Data was provided by the New York Federal Reserve Bank). Link to comment Share on other sites More sharing options...
shorty Posted September 21, 2007 Report Share Posted September 21, 2007 claSSic dirty quarterly SOQ fix Link to comment Share on other sites More sharing options...
Cassiopeia Posted September 21, 2007 Report Share Posted September 21, 2007 SOW motoring ,850 big decision line (rebuff?) Link to comment Share on other sites More sharing options...
DrStool Posted September 21, 2007 Report Share Posted September 21, 2007 Radio Free Wall Street I have posted a free 6 minute snippet of this week's podcast, along with a free sample podcast of the entire September 12 program, which is still timely. This will be the only delayed free sample podcast for the foreseeable future. So listen while the listening is good, and then subscribe! Link to comment Share on other sites More sharing options...
DrStool Posted September 21, 2007 Report Share Posted September 21, 2007 5 day cycle indicators are back on the buy side on the qqqq, but not by much. They need to hold the gains and stay out of the opening gap, or the bears will get the ball back. Link to comment Share on other sites More sharing options...
shorty Posted September 21, 2007 Report Share Posted September 21, 2007 Fed showbuyin' bond and dollar futures boyz grabbin' free money from the stock fraudex showpump Link to comment Share on other sites More sharing options...
dogsie Posted September 21, 2007 Report Share Posted September 21, 2007 Loonie getting to par makes the front page in almost every paper in Canada LOL Link to comment Share on other sites More sharing options...
DrStool Posted September 21, 2007 Report Share Posted September 21, 2007 No 5 day cycle buy signals on spx. 3 day are mixed. No real confirmation of the gap up open. Link to comment Share on other sites More sharing options...
shorty Posted September 21, 2007 Report Share Posted September 21, 2007 crude earl up again? give that thang a showslap buckoff Link to comment Share on other sites More sharing options...
DrStool Posted September 21, 2007 Report Share Posted September 21, 2007 Loonie getting to par makes the front page in almost every paper in Canada LOL 609595[/snapback] I had heard a couple months ago that well healed Canadians were buying USD hand over fist when it hit 1.05 in preparation for their annual southern migration. Suckers. How they gonna feel this winter when it's at .80. Nice little haircut that'll be. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.