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  1. O

    The Clunker Program Helps only people who own crappy cars.

    So I guess the government gave out a fishy list of what people ended up getting with the free government cash. Maybe because showing us so many SUVs and trucks on the real list might make us wonder if the whole program was actually doing anything besides throwing around free cash: <a...
  2. O

    Economic Commentary

    Interesting stats for Wednesday, August 5th: Total NYSE volume - 7.8 billion Trade volume for Citibank - 2.6 billion Am I reading this wrong? 1/3rd of all volume on the NYSE was trading in ONE stock? Wow...
  3. O

    Economic Commentary

    The market feels so volatile right now. Just a weird tension. Even just holding a stock a few hours to day trade makes me nervous. I kind of liked it better when the green shoots brigade was in charge and there was no question they were going to make the market go up. Right now...
  4. O

    It is officially August!

    Just to get into this year's season of perpetual Christmas, KOST should start playing Christmas music.
  5. O

    What's going to pop the bubble?

    I'll put FXP on my watchlist.
  6. O

    Is now a good time to buy?

    99 is another lucky number for the Chinese. <a href="http://en.wikipedia.org/wiki/Numerology#Chinese_number_definitions">http://en.wikipedia.org/wiki/Numerology#Chinese_number_definitions</a>
  7. O

    What's going to pop the bubble?

    Ok, so the stock markets are raging and happy days are here again! Headlines proclaiming real estate bottom, all the bulls popping champagne. So what's it going to take to bring the markets down to Earth? Unemployment? Even the bulls concede it's going to keep going up. GM just...
  8. O

    Woodbury East Opening July 11, 2009

    Garden Grove is 1/3 White, 1/3 Hispanic, 1/3 Asian. It's the model of diversity. It's actually hard for me to think of any really expensive areas with consistently high property values that are actually diverse. Irvine is already an anomaly in that it's a very well-to-do city with such a...
  9. O

    Columbus Square - homeless shelter

    I'm curious, why would Rescue Mission turn down government grants? Are there certain restrictions he can avoid by being privately-funded?
  10. O

    Google Voice

    ...is pretty awesome. At first I thought it was just some weird VoIP thing like Skype, but it's not at all. My coworker got into the beta and told us to go to the site(<a href="http://www.google.com/voice/">http://www.google.com/voice/</a>) and sign up for an invite. I got mine in like a week...
  11. O

    Call Transcript

    ...oops, please delete
  12. O

    Call Transcript

    TIC only has a monopoly on new homes so it's ability to influence the broader market is limited. As we saw recently, it's much easier for TIC to push prices down than to pull prices up. New homes make up only a fraction of total home sales, but they are viewed as a better product worth a...
  13. O

    Call Transcript

    That's not really a fair argument. That's like saying GM is controlling the price of cars by massively cutting production when demand tanks.
  14. O

    Call Transcript

    I guess blaming this whole collapse on fradulent lending is one way to look at it. Or it could be that a lot of the foreclosures were the result of greedy short-sighted homeowners like those we see profiled on the blog everyday.
  15. O

    I THINK THE MARKETS HAVE BOTTOMED!!!

    Next week is going to be interesting. Over 200 billion in Treasuries being auctioned. A big green week will play havoc with interest rates. A big red week to drop us back under 9000 is going to spook a lot of people.
  16. O

    I THINK THE MARKETS HAVE BOTTOMED!!!

    My coworkers make fun of me for my bearish outlook. "We broke 9000 today! Hurry up and get back in or you're going to miss the rally!" Right now I'm just sitting on cash. Afraid to buy stocks because I feel it could collapse any day. Afraid to go short because you can't really fight the...
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