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The juvenile behavior and ad hominems are bad, but the endlessly nested russian-doll 7-in-1 postings are far more offensive.

Prop 8 is a victory for no one, and I can only hope that the tax status of many of the religious groups involved gets a hard look in the next administration. But there's a reason that people will still pay 400 bucks a square foot to live on west la's westside, the nicer parts of san mateo...

Wow. Someone paid over 2 mil for a tract home 2 short blocks from macarthur a good mile from the water. I wonder what kind of vacancy is creeping into the office buildings ringing fashion island over there.

the different price bands in the SoCal landscape seem to have much different dynamics lately, with the lowest-priced stuff falling hard on heavy volume as the "upper middle class" housing stock (550-750K) enjoys a slight rally on very low volume. as many have posted, this could correspond with...

So you really don't think that weak demand for stocks both in terms of Boomer disninvestment and weak 1970s birth rates isn't a long-term liability for equities? I think they will soak up Bernankedollars in due time, but the debt load we're piling on now will also make it hard to pass that...

gold under $700 is a steal, IMO. as for the miners, no one is giving them credit for the fact that lower oil should mean much better margins.

don't forget the bullish side of the trade (which had a fantastic week): leveraged bigoil - DIG (bad guys are DUG - isn't that cute?) leveraged real estate - URE emerging markets EEM (i think for whatever reason, the bad guy equivalent EEV is leveraged, and eem isn't?) and the one...

i've had decent knife-flipping this week with EEM, UYM and RSX. unfortunately, that late trade hammered what was a nice day for the (way too much) VNQ in my IRA. that stuff has been a real heartbreaker, and what makes it worse was my laziness on getting some puts on it in my taxable account...

a better question is 'what will it be revised to in a few months' - these revisions have been huge lately. GDP is just another of many federal #s - unemployment, CPI, etc - which belongs in the 'fiction' section of the bookstore.

Generally, if I see a lot of crack in a house I more associate the problem with chemical dependency issues for the folks there. I suspect that Irvine may see some growth in this sector of the economy as things slow.

It is the REITs that are ahead of the residential market. http://finance.yahoo.com/q/bc?s=VNQ&t=3m They have tanked to the tune of 30% or so in the past two weeks, 40% in the past month. Big, professionally managed trusts that deliver a nice 8% yield keep on falling to new all-time...

At least in my 'hood, 2008 was a year where many a flipper tried to punt by leasing their place out for their monthly carrying cost - which is often almost twice market rent. Those places sit... and sit... and sit.... I've always referred to those folks as 'airlords'. There's nothing...

Hopefully that program isn't anything like "zillow"! Their "Zestimates" have had an imaginary 15% rally in some parts of Orange County in the past month for no discernible reason.

Jim is an entertainer and should not be confused with something else. He tries to offer a physical embodiment of the manic, momentum-driven personality of the equities market itself, and does a good job capturing that. I also think he is consistent about encouraging people to be proactive and...