I THINK THE MARKETS HAVE BOTTOMED!!!
- Thread starter morekaos_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
This past weekend I started my Ipo Spreadsheet tracking homes in our favorite potential neighborhoods. The homes I'm currently tracking in Mass are sitting for quite some time. I needed to do the Spreadsheet because I'm finding that a lot of homes are playing the "relist" game with a new MLS number and a new DOM clock.
I am finding that a lot of people in Mass have owned their homes for quite some time, so they have plenty of equity (unless they used their home as an ATM). Very few are in noticable distress - but there are some (bought at peak).
The homes we are interested in are in a price range of $250 per sq ft. I'm hoping to see that come down a bit more before we buy.
One example - my mother has her house on the market with a WTF pricetag. She doesn't need to sell, she is just hoping some schmuck comes along and buys it at that price. She most likely will be taking her house off the market in a few weeks and then relisting it again in the summer (she lives near the beach - prime selling season).
I think this is actually more typical of the "professional"...Hysteria and panic
Bank Failures May Reach 1,000 on Bad Loans, RBC Says
Feb. 9 (Bloomberg) -- As many as 1,000 U.S. banks may fail in the next three to five years, almost double the one-year tally at the height of the saving-and-loan collapse, as losses mount on commercial real-estate loans, RBC Capital Markets analysts said.
Sheesh... what, did every trader say at 11am est. we all sell? Come everyone, lets go cliff diving! On no, nevermind, Geithner is speaking. I guess Paulson handed over all of his skills, including the speak and tank talent.
Pretty much. Lol. I love it. This is fantastic. I might take the rest of the day off, tell my boss I'm sick and go stimulate the economy with some spending.
You know its funny. DOW went to 7553...sigh. Just 4 more pts and I could have at least said it went below 7550.
T
jbenko_IHB
New member
I actually have nothing against buying stocks. I can't predict the future even though I have my own views as to where it might go. Nobody can be perfect.
But if are going to engage in buying stocks, then protect yourself through long term way out of the money puts or cushion your blow by selling calls.
Unless you are convinced that this is it...we are not going lower, there is no future threat then go for it. I'm just don't have that same conviction that things are peachy and can't get any worse. Btw...AIG is going to blow up any moment...tick...tick...tick...
But if are going to engage in buying stocks, then protect yourself through long term way out of the money puts or cushion your blow by selling calls.
Unless you are convinced that this is it...we are not going lower, there is no future threat then go for it. I'm just don't have that same conviction that things are peachy and can't get any worse. Btw...AIG is going to blow up any moment...tick...tick...tick...
Trooper_IHB
New member
Even in Massachusetts, the Realtors are calling it the bottom - so it must be true.
One Realtor yesterday was claiming the HUGE amount of buyers sitting on the sidelines waiting to pounce.
CalGal, I watch properties in Provincetown and of the half I had "saved" onto realtor.com to watch, have sold. Two others had a price *increase* in the past 2 weeks. Hmmm.
One Realtor yesterday was claiming the HUGE amount of buyers sitting on the sidelines waiting to pounce.
CalGal, I watch properties in Provincetown and of the half I had "saved" onto realtor.com to watch, have sold. Two others had a price *increase* in the past 2 weeks. Hmmm.
CalGal_IHB
New member
Interesting.Trooper said:
This past weekend I started my Ipo Spreadsheet tracking homes in our favorite potential neighborhoods. The homes I'm currently tracking in Mass are sitting for quite some time. I needed to do the Spreadsheet because I'm finding that a lot of homes are playing the "relist" game with a new MLS number and a new DOM clock.
I am finding that a lot of people in Mass have owned their homes for quite some time, so they have plenty of equity (unless they used their home as an ATM). Very few are in noticable distress - but there are some (bought at peak).
The homes we are interested in are in a price range of $250 per sq ft. I'm hoping to see that come down a bit more before we buy.
CalGal_IHB
New member
Troop - are you sure the homes have "sold." Just because they come off realtor.com doesn't mean they have sold. Sometimes they are taken off because they didn't sell and they want to relist under a different MLS number in a few weeks. Or the seller changed their mind and took their home off the market.Trooper said:
One example - my mother has her house on the market with a WTF pricetag. She doesn't need to sell, she is just hoping some schmuck comes along and buys it at that price. She most likely will be taking her house off the market in a few weeks and then relisting it again in the summer (she lives near the beach - prime selling season).
morekaos_IHB
New member
awgee said:
I think this is actually more typical of the "professional"...Hysteria and panic
Bank Failures May Reach 1,000 on Bad Loans, RBC Says
Feb. 9 (Bloomberg) -- As many as 1,000 U.S. banks may fail in the next three to five years, almost double the one-year tally at the height of the saving-and-loan collapse, as losses mount on commercial real-estate loans, RBC Capital Markets analysts said.
jbenko_IHB
New member
The market just dropped and it gave me a warm fuzzy feeling...Should I feel guilty?
graphrix_IHB
New member
BlackVault CM said:
Sheesh... what, did every trader say at 11am est. we all sell? Come everyone, lets go cliff diving! On no, nevermind, Geithner is speaking. I guess Paulson handed over all of his skills, including the speak and tank talent.
jbenko_IHB
New member
graphrix said:
Pretty much. Lol. I love it. This is fantastic. I might take the rest of the day off, tell my boss I'm sick and go stimulate the economy with some spending.
usctrojanman29_IHB
New member
Wow, Timothy is getting lite up on CNBC. I almost feel bad for him. I was lucky enough to sell some Feb 9 Calls on BofA @ 7:59am.
awgee_IHB
New member
awgee_IHB
New member
jbenko_IHB
New member
Bottom will happen when awgee can build a stairway to heaven out of gold and when my stomach is stuffed pigging out on the carcas of a bull.
morekaos_IHB
New member
The last time I saw Goldman increase its estimites on a comodity was Oil to 200 when it was 147. Now its gold. I will short more.
Gold speculators have increased their bets this year by 24 percent that prices will reach $1,000 an ounce by April.
Goldman Sachs Group Inc. and UBS AG raised their forecasts for gold last week, citing the increased risk in financial markets and mounting concern that government spending on bank bailouts and economic stimulus will spur inflation. Gold’s rally may signal investors are less optimistic that President Barack Obama will be able to revive growth, even after the U.S. committed $9.7 trillion to solving the financial crisis.
Gold speculators have increased their bets this year by 24 percent that prices will reach $1,000 an ounce by April.
Goldman Sachs Group Inc. and UBS AG raised their forecasts for gold last week, citing the increased risk in financial markets and mounting concern that government spending on bank bailouts and economic stimulus will spur inflation. Gold’s rally may signal investors are less optimistic that President Barack Obama will be able to revive growth, even after the U.S. committed $9.7 trillion to solving the financial crisis.
jbenko_IHB
New member
You're hanging from a piece of yarn morekaos. This market is about to cave in and create new lows. Still feel strong about market bottoming at 7550?
morekaos_IHB
New member
We shall see...we shall see.
jbenko_IHB
New member
morekaos said:
You know its funny. DOW went to 7553...sigh. Just 4 more pts and I could have at least said it went below 7550.
T