Let this be a lesson to you clam-fuckers: never fuck with “The Fly”. I speed in space rockets, while you’re in bed, cuddling with bitch-ass stuffed animals. My level of awareness is much greater than yours, thanks to the terrible burden placed on me: I can’t help but to bank tremendous coin in the market. I see what no one else can and hear what you do not want to, mainly because you are tone deaf and you need to listen ever so quietly to hear my music.
This is NOT the beginning of a precipitous decline. Instead, this dip can and will be bought, eventually. For the moment, I am being a pussy, bogged down in [[TLT]] —currently a 12% position. I intend to hold it—at a minimum—through its next scheduled dividend payment (3/1). If the market rebounds off these lows, I shall and will buy some [[VXX]] .
Just know and understand: “The Fly” is well aware of his actions and how a small minded person, such as yourself, might have difficulty in discerning the difference between shit and chocolate pudding. I never ask that you “follow me” into anything. I do this blog thing for sport, in order to vanquish and utterly destroy all other financial bloggers. So you know, I AM ACCEPTING RESIGNATIONS, from whomever can’t handle the day to day stress and anguish (the fucking drama) of calling the shots on these here internets.
Top picks: [[TLT]] , [[VXX]]
Fazmobile gased up as well.
I actually hate being so bearish but this country is fucked. I own my own business and I am seeing more pain then ever before. I am in a pretty rich area in North NJ. Things took a while to get to my area, but now I see people walking away from million dollar homes just because they can. Taxes are through the roof and the state is broke. Sorry for the rant just wish things would improve. Maybe by 2014.
I’m in the same neck of the woods. There are now over 40 foreclosures in my town. Until recently there were never more than 5-6…
40! Holy shit.
ROFLMAO! The man gets all crazy over 40. Let me tell you fly. I work for the largest Real Estate Field Services company in the country. 40 foreclosures in a town is NOTHING! This whole country is about to be foreclosed on.
But I know where Scott lives. I would not expect it there.
I understand… I’ll say this much though. There is not a single neighborhood in this entire country that is going to avoid this. The company I work for is in the process of completely reorganizing because they expect the amount of foreclosures to explode exponentially this year! The shit is about to hit the fan, so to speak. Families are all going to move in with each other and there are going to be entire cities in outlying areas that will cease to exist very soon because it won’t make any sense to keep them up.
Also live in a wealthy area of northern NJ and I don’t see any increase in foreclosures, and the inventory of homes on the market has declined! Prices haven’t moved much in the past two years. Down the shore, in the wealthier towns there is very little inventory at all, and absolutely no inventory in the first two blocks by the beach. What inventory does come on is in the $2MM – $4MM range – hardly bargain values. I’m covering my shorts and looking for some mark-ups to occur from here and produce a little month-end rally.
http://www.homefinder.com/
Check your town at the link above. Foreclosures are not readily exposed but they are here.
About inventory–there are no buyers so houses are kept off the market.
http://www.cyberhomes.com/
Check the comps in your area. Not much volume since October.
About the shore. They stay expensive, but they are NOT moving…
Volume is off the cliff everywhere. Just because you can’t easily tell doesn’t mean it is not so.
Governor is at least doing the right thing.
Step in the right direction for Joisey. Hope he doesn’t get knocked off before he’s done.
_______
True.
Like wife-beating, few neighbors will tell you about their impending foreclosure. Many can be postponed for months years with a little legal maneuvering; but those loans are non-performing and
There are some good realtors, but many are clueless re the market forces. They think it’ll be 2005 again starting this Spring.
Jingle mail is when the “homeowner” mails the keys to the bank, saying they won’t be sending any more checks on their underwater house loan. Some banks will let them stay (for free) to keep the house heated, occupied, etc.
Thanks for the links, but here is what I know…in Spring Lake in Feb 2008 there were 75 million dollar homes for sale, now there are 48, in Sea Girt there were 37 in Feb 2008, now there are 26, and in my home town there were 97 million dollar homes for sale in Feb 2008, now there are 61. The crappy homes aren’t selling until they discount and the nicer homes are.
Did they sell or were they taken off the market?
How do prices compare to 2 yrs ago?
Of the ones that did sell, what was the sale price vs asking price?
The market prices are forclosure prices. Just because some yahoos buy at the asking price, doesn’t mean a thing.
2014 is dreaming, try 2019-2020 time frame.
the upcoming major depression this country is starting into will only be into the trough by 2014.
Try 3020. this country is forever fucked. The people in this country have no idea what real poverty is. And when it comes as the bullshit stimulus turns to shit, the population is going to show its stupidity. Even the so called “poor” in this country are rich compared to the average human being on the planet. The United States of America was a great concept. It worked well for a while, until the rest of the world realized we were a bunch of lazy greedy assholes that just wanted to enslave them.
We have a new poster child for morality.
Not at all. This has little to do with morality, and more to do with common sense and decency. I am not sure how old you are, but when I was growing up (I’m 38), this country was much more of a leader of nations than it is today. Say what you wish about morality, there needs to be limits to excess. When you allow the excesses of the 1990’s happen, then follow it up by encouraging more excesses, you have dug yourself a grave so deep that it is going to take an act of God to get you out of it.
Too much typing, not enough getting me my fucking lunch…BACK TO WORK pissant!
I am a patriot to the core. I believe in honor, freedom, and love of my home and family. I don’t live beyond my means, nor do I chastise those who choose to do it. But I will not cloud my analytical thoughts on the future. You are correct that there have been mistakes that have fouled the perceptions of the US worldwide. Nobody is more critical about it than the US citizens themselves. Nonetheless, we are accelerating towards global conflict. I no longer see the US as a superpower, but a hyperpower. You are going to see more and more military actions by other nations as time passes. We won’t be the instigators. Once China starts, once Russia starts, the hair on the back of your neck is going to stand on end, but the US will come out of it stronger than before.
The world may not be how I would like, but freedom will remain intact here.
Never underestimate the rate at which a market can fall, and never underestimate the rate at which a market can climb. Yeah, we’ve taken a few hits here and there, but we’re far from “down for the count” buddy. The smart money may be leaving the market a little, but the genius money will be going in for the next few years in a steady and methodical fashion, barring any extraordinary move up.
The next wave of national foreclosures is expected to be bigger than the first wave which caused this entire economic mess in the first place. Expect the second wave to begin hitting by Q2 2010.
I sold my home in 11/09 and am now renting a home just as nice but in a much better neighborhood. I used to live in a hoodrat-infested gang neighborhood, but now live in a forest and all my neighbors have horses.
Here in Microsoft country we still have a lot of jobs. The RE market is still way overpriced and I am expecting it to take a massive 25% dump within the next two years.
Thats aside from the debt, the Piigs, and unemployment number. Tlt is looking better everyday.
…emitted from men smoking burlap pipes?
Faz mobile just fired up it’s engine…
Get out, divergences say we’ve moving up today
I just can’t see that happening.
We close near LOD
Blasphemer in burlap
What’s LOD?
5-0 … you mean to tell me that you’ve got all these sophisticated buy/sell tools but don’t know what LOD means?
Come on?
Go listen to some Steely Dan and think about it, OK ……..
NICE CALL, TA!
Still haven’t chosen a new Pope?
TFWA
You can FAZ it up if you wish, but I figure the gubment will stop that shit from rolling too hard too fast. On the other hand, pick up some ES, and you will be rocking with huge gains. I am deep into that stock now. All-in so to speak. Fly, please take a look at ES and tell me what you think.
if you own an inverse etf on financials, and the financial institution involved in that ETF goes under, what good is the etf?
Fly, I think I found where you got your avatar picture from:
http://www.howlifeworks.com/health_beauty/anti_aging_noneedle/?cid=8088pu_cfinance
Getting some work done?
lol
SD looking good before earnings
Is it sammich time?
Clissic Fly. I heard Tim Knight is drafting his resignation as we speak.
Hi,
I’m here to apply for the position of Spaceship Pilot.
Regards,
JH
TMFtards unite!
THE FLY IS GOD
To the VHC mobile
Fly is God
God is omniscient
God is omnibenevolent
God is omnipotent
Dog is my best friend
Dog is my protector
Fly, I know dog,
You sir, are no dog
Should he be?
The business of America is business.
They’re just getting down to a little business.
Utterly destroy ALL other financial bloggers? Or just the one who pissed you off?
Trick question?
___
Second time you’ve mentioned resignations.
This is the only financial blogger he should fear.
http://www.youtube.com/watch?v=8Hjt3cgTIA0
“I AM ACCEPTING RESIGNATIONS” – LMFAO!