We actually hit 10 yr OVERSOLD inside Stocklabs this morning, a feat VERY RARELY achieved and not seen since the COVID lows. It looked very grim this morning and I was a bit perturbed and this caused me to reshuffle things around. DO NOT FEAR, I am making money today — but this isn’t the point of the blog.
Today’s leading industries
We are all very rich now, see. I am looking at different homes now because there is a specific area of Raleigh I want to move into and all of the homes are bidding +30% ABOVE ASK — all cash offers — SITE UNSEEN. There is no need to view the home, see — you just click and buy. Buy now, pay later. The housing BOOM has reached fantasy levels here. Folks bought homes in January and flipping them now for cool and clean 25% gains, without even a reno. Sure rates are heading up — but these are ALL CASH OFFERS by very rich northerners escaping their tax hell holes. This all makes for a wondrous investment climate, amidst supply shortages and new home build delays. Given the population increase in the Raleigh area, why I see the home values rising another 100% within the next few years alone.
Small 4500sq homes I was eyeballing at $650k just two years ago are now fetching $1.5m, deservedly so. This morning many stocks looked terrible but now that their shares are HIGHER — they look so much better.
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Are you looking for a record? You are moving faster than a Hollywood movie star.
Im happy you are thinking of leaving Cary. I grew up there and could not be happier to live in Raleigh. Real estate is up everywhere, but Raleigh is a special kind of crazy market.
Come join me in North Hills, we can play tennis at Raleigh Racquet Club.
Stocks looking bad at their lows and Good at their highs
Is equivalent to a chick wearing jeans vs a chick wearing bikini.
If you don’t pull out the latter quick enough you fkd for life.
This is the first time your oversold signal hasn’t made me want to buy.