I hate the market right now and feel handcuffed from taking action. I don’t want to short and I don’t want to buy. I just want to wait.
Muni and government bond funds are approaching absurd levels, some down more than 20% in recent months. REITs are dead. And, all of a sudden, the great housing boom is dead.
Something has to give.
We’re either heading back into a self-inflicted recession, by tapering, or this is all parlour tricks to get you, the unwashed, to surrender your 401k’s and IRA’s to the market.
I got crushed today; but that’s okay. It’s part of the design.
Are you a lamb or a lion?
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Lamb or lion? Balderdash! I choose Clam. And the PPT…
I typically lean bullish, but this isn’t looking so good. Bonds are oversold and can’t even get a tiny respite, and I don’t believe it’s from tapering threats anymore. I’m going to take a far out in left field position – the bond selloff gets worse before it gets better. Maybe I’ll throw my 401k into the fire tomorrow.
I am seriously so god damn bullish on north American real estate its absurd. I love how people throw it under the bus as if its a “forgeone conclusion” that housing blows. Idiots.
What happens to real estate prices when interest rates rise?
Are you really bullish with all the derivative frauds on deeds ? People are having their homes taken away from unelected scum.
It’s amazing how fast sentiment changes. If I sell anything now the market will rip. I will ride this out.
Superstitious nonsense. However, if you really think it will work, then sell something.
No, i’m on the side of the Fed, If they taper it won’t be for long.
What does that have to do with anything I, or you for that matter, was talking about?
What does the ol’ PPT say?
It’s says “invalid password”
lol.
The great housing boom never started. All books are cooked. Liquidity can’t buy recovery.
With rate spiking the refis with be slow, so i Iwould expect a temporary slow growth for housing………All depends on what the fed thinks about the spike in rates…
Checking my inner “Joe Average” – he says the bottom is soon – need a capitulation day – say tomorrow? – to make him happy
Back in the day, bottoms and all time highs weren’t this close together.
Thank you…
Something was gonna initiate a retreat. Whether induced or organic (arguments could be made for induced) rates are trending/moving/rising up.
Bears thank you
I will be a buyer in REIT’s when I see them at 2008 smashed levels. I just do not trust them. I’ve seen smaller ones smashed 25% in the last week. No place to park your cash. Buy a house instead.
Hope no one held LITB
Waiting for the Fall flush-out, then grab the bull by the horns
How is the next leg going to continue, after the flush out, when stimulus is starting to be taken away, at very least not added…? Stimulus-based-bull-phase
I’m the idiot that held LITB throuh earnings. Please sir, can I have my testicles back?
no testicles for you
Just the word “testicles” makes me cringe.
I am now two weeks into an inguinal hernia surgery repair (small intestines landed at the top of my right testicle).
Right now they hang so low I could probably sweep the floor with them.
I was lucky enough to have that done when they were removing one of my testicles for a tumor. Talk about pain on top of pain. I hope I never have to visit that doctor again.
I have been in many of the great earnings failures this year, I can’t believe I missed LITB.
– Also I’m looking at HITT as a quality longterm buy now that it’s hit it’s resist point.
If a house is selling for less than it cost
to build then it might be considered a buy.
It’s getting better.Let this wash out and then pick away.
Cheers
Le fly,
Allow me to formally introduce myself….my name is Jon Taffer…I grew up in this business….unfortunately for you sir, IMMR is going to be walking like a new born giraffe tomorrow after the anal beating it took today…..listen bub, you really need to apply at Sherwin Williams because all you do is shake paint.
– J Taf
Please excuse my husband, he has had a few too many car bombs.
My Dad takes huge amounts of white powder on daily basis, today however his Physician was not on the street corner as usual.
We had to pick up his supply elsewhere in rock form… Dad hasn’t been well since
I doubt the fed will let interest rates rise much over the long term; at some point it will be pretty tough to service the debt. Bonds might make a nice comeback.
Fed will buy the T-bills with conjured up money, and return the interest to the treasury because the Fed is not in it for profits. It’s only a small step from buying on the open market to buying direct.
keep buying stocks at alltime highs LOL
Listen guy, u make one more comment and the dick guillotine gets rolled out and ur unit gets hung from the rafters of the IBC
If we don’t bounce here, then 1635-40, then on to 1676-80, then back down.
IMMR blows. I went to all cash Friday. Got some better things to do with my money than let the loser HFT’s try and take it from me! Spend/open a new company/take the kids somewhere special next year/private school. Trading this market has sucked for some time now. Hedge funds are having their worst 5 yr performance window EVER. I am DONE picking stocks. GOing to use my market timing system and use options x2/x3 ETF’s from here on out when I resume trading in 2015.
I’m sure you are joking, but what you wrote is very pragmatic and sensible advice for most people who are actually shitty stock pickers in a good market, let alone one that has the Fed’s hand up it’s ass like a giant sock puppet.