I just got back from a day of visiting sub par residencies, chagrined to see the market shit the bed again. I know my stream of consciousness resembles one of a psychopath, scattered over a wide array of emotions and idea. But let me be clear about how I feel right now: the market is weazened, likely to trade lower. I need to reduce my exposure to avoid potential downside that is likely to be material.
There’s a good chance the market will trade up tomorrow and I will forget about this post. One way or another, cash needs to be raised because this shit is making me nervous.
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No offense, but I’d hate to be your realtor lol.
i am the worst
you along with the rest of us my friend. They are trying to scare everyone out… as for you, your steadfast is your strength. Don’t be a fool, how many times has this happened? OPPORUNITY, BIG BALLS, BIG MONEY
Best wishes on your house search. I bought fall of 2010, think I nailed the local bottom here is Texas perfectly. Seller took a $850k loss. Unfortunately, I think those sort of deals have long passed on anything one would actually want to live in.
This grinding market is hard to trade, I’ve lost every day this week. I think Chess is right on his intraday posts.
SPY down 1/3rd of a percent . Euro barely red.
And the SPY Only down about the equivalent of 1 SPX points after hours.
We should be green tomorrow at some point. The fact that STD didn’t break below monday lows is something of a bullish divergence omen for Southern Europe.
Bernanke has been speaking with the IMF this week . I presume the pep talk is like this
http://www.youtube.com/watch?v=jpPCVq8UmX4
Any thoughts on gold?
I’ve never understood why realtors show clients crap places that they know they won’t buy, even if they are listed with their realty company. I’m sitting at 35% cash and am still a little scared here.
Fee shifting (exclusive v. open agency, etc.). Look it up in a real estate search.
First you try to figure out what the customer will buy. Show them a lowly piece of similar crap, then something nicer but overpriced, then the one you think they will buy. If they don’t buy after that don’t let them back into your car to further soil your leather seats.
Hahaha, @Cascadian.
I mean, sorry, I can sympathize (though never actively “hit the field”).
hey,you said you was goin mobile.so why not get you a nice lot build the house,come back in the fall, crack the whip to get it done before christmas, end of story. no one is a bigger prick than me,you can do it.or otherwise,you’ll never be happy.
“Weazened”, you say!?!
Indeuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuud…
Please do not take offense Monsieur LeFly, but your daily sentiment lacks the conviction of someone in possession of a time machine.
Building a house is the major test of a good marriage.
try renovating .. and i mean back to the studs
PII did well today and is getting recognized for what it is…..a money machine. RGR and SWHC also going up.
Indeud.
Plan A – Best financial house deal: Buy at a nadir post-Oct/Nov with cash after the market crashes. Rent until then.
Rejected: kids won’t be settled in school…
Plan B – Buy a mediocre house, due to time constraints mentioned above.
Plan C – Buy an unoccupied mediocre house with a primo location – next week. Gut & rehab the whole f’ing place before you move in in June? Yes, constuction does indeed suck, but it may be the best way to get exactly what want on your terms.
You’re a strong buyer with a timetable; still no reason to not get exactly what you want, on your terms.
The problem with many realtors is they only know how to do standard transactions & keep a creative buyer away from the seller. This RE market is ripe for the creative buyer.
Have your cake and eat it too.
http://www.youtube.com/watch?v=7c1PML5kfbg
Doesn’t your Neighbor Steve also have a realtor’s license? Let him handle it for you like he handles your insurance needs.
you could ship yourself anywhere with this home!
http://www.trendhunter.com/trends/houses-made-from-shipping-containers
Fly didn’t you grow up in Brooklyn? Why not buy a nice brownstone there, send the kids to private school. its a better place for them than the bubble of suburbia if you can afford it.
We’re in a Bull Market! We’re going up from here! I added EXK and UUU today.
Brooklyn sucks
you grew up in Brooklyn and you think it sucks? Seriously?
I grew up in Brooklyn and know it sucks
I stood on Ave. de America (many a yonder ago). Looked at the alluring skyscrapers that line the silhouette.
Then snapped back to real time and watched the rats, turd and scum all ’round me, that’s when I said NYC could be decent, if depopulated.
I second that Brooklyn does suck..
Always thought New Jersey was New York’s garbage dump though.
Same shit but differn’t smells, especially in the summer time one can smell the body odor exhaust mixed funk of NYC or the rotting garbage factory pollution aroma that is NJ
I thought we all took it for granted that this market is really an illusion, and that, in the end, she’s going down? I do.
Jolly good! and all that…..but really, America is the last house of cards in the game, friends.
If you had some REAL insight into the corruption going on in your government, with it kind of being blatent and in-your-face, lately, as they strip away your rights.
The reason the Secret Service is doin’ blow with hookers down in Columbia, is simple: They came into what, historically, was a very dignified job, protecting a very dignified office.
They get in there, and see the name of the game these days in the executive wing is “party everday/party every night!”
I don’t blame ’em. They don’t respect the job, nor the guy they’re protecting.
(None of it would have happened if that cheap one just PAYED the girl. What a dork)
Now, they say this Spanish bond auction is supposed to go off okay, pronouncing the current auction is “within 5 basis points of the record low” as if that is something to brag about.
Look, the stock market will go first, and after that, the Real Estate market will leave you in a permanent negative equity position, until well after you’re gone and dead.
The only way WE can save this thing, is to SERIOUSLY clean house. Corruption is so pervasive, if even 35% of the American population knew what was up, perhaps…PERHAPS we stand a chance.
It really is up to you, folks.
Get a clue. You have a judge using the false flag underwear bomber patsy, as presidence in a ruling in a case supporting TSA groping your genitals (Justice Anthony Kennedy)
That’s right! In a five-four ruling this week, the Supreme Court decided that anyone can be strip-searched upon arrest for any offense, however minor, at any time.
This ruling joins two other recent horror show laws: the NDAA, which lets anyone be arrested forever at any time, and HR 347, the “trespass bill”, which gives you a 10-year sentence for protesting anywhere near someone with secret service protection (if you are aware, or not)
Your country has been stolen from you, while you waited, because you didn’t think it could get that bad. It wasn’t affecting YOU directly, now was it?
Well guess what? They did it. They have all the laws in place. They did it in 6 months. Were you even aware of that?
I propose, we are at exactly the same place in the USA in 2012, as Germany was in the early 1930’s….right before they became socialist NAZI’s. (like the populace had a choice…join or die)
WAKE UP, your guns are next.
Get engaged at your city and county, and then state, levels.
It’s too late for the National stuff.
Mark this post (if you even have a free internet within one year, that is)
Cool story bro.
The trick is to read the tape backwards. As if the past hasn’t happened yet, and the future has.
How do we get from the future to this point in time… Then you figure out how we get to Dow 45 in 1900 or whatever.
Thank you Ted Nugent / Charlton Heston.
indeud…
You’re as nutty as the other guys, whaler.
Whaler has his head out of his ass and his eyes open unlike most of the sheeple.
Just wait until they decide that making too much money is a terrorist act and haul your butt to jail on no charges and then leave you there indefinitely. NDAA…have you read it? I can go to authorities and claim you were engaged in terrorist activity and they can arrest and detain you for however long they want with no charges being brought against you. Of course the senator I wrote to about it replied that no one would ever do such a thing but did not deny that the law enables that situation to actually take place.
If I was Fly i would be looking for a place out in the country…….
http://www.infowars.com/h-r-347-another-step-in-the-elimination-of-the-first-amendment/
I’m proud of the ones who voted against this violation of our Constitutionally guaranteed rights……too bad there were only a handful who value what this country was founded on.
fuck i am getting killed
Oh man HuggieBear, I am right there with ya in the POW camp.
misery does love company!
i am hanging on, i find it hard to believe we will have a 3rd consecutive april/may crash…but we’ll soon see.
The true fear and doubt in smart equity investor’s heads from 9/08 up to today still presents a large section of the wall to climb.
The vast global real estate market and global financial markets are nicely absorbing the currency or computer “bit” liquidity spread across the earth. I see the bots (rightfully so) buying up tech and S+P Growth indexes on every crash/downdraft since the 09 “market recovery”. My long term valuations show GOOG/AAPL/QCOM etc…. to be much cheaper than JNJ/T/SO and 30 year bonds pushing out years not weeks. Wait for short term Face Book highs in a few weeks. Buy back large cap tech or go long S+P growth leap options on the next Spanish “crash”.
wtf are you talking about? every year when the tape crashes someone buys it? no shit asshat.
I’m back from outer space (borrowed Fly’s car)… the “speculator” screed will always surface me within a few days…
________
Sharp widening in Spain, Italian & French 10 yr spreads in past hour, rumour of France downgrade…..S&P futures tanking.
Thanks, I was wondering why futures and Europe tanked suddenly.
I’m watching a tv channel that is 100% business coverage and not one analyst mentions why Europe indices and US futures dropped substantially so suddenly! What a joke!
At least futures seem to be clawing back.
I was hoping for a good day! Those European bastards!
http://www.forexlive.com/
Watch the currencies blogs for the first indications of risk-off trades.
Initial jobs claims numbers higher than expected as well last month`s was revised higher. Futures can`t catch a break!
Like Bill Gross said, the market can’t trust the Spain auctions…. http://www.cnbc.com/id/47074259
Ok please! No more fucking economic data this morning!
did u guys watch ebay last night, went down, then up. as i watched i thought i should buy and sell , lol but i didnt…some r taking profits. the mkt is in down mode.