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I don't know....all this talk about doomsday...Zerohedge has been calling the top for years and been consistently wrong. Will they be right some day? Sure.

Actually all of this is pretty insightful. If all the homes are being bought by banks, finance people, and alpha seekers then I definitely feel you are correct and I feel that your point about home ownership being flat while sales are up probably is the best support for this. Of course, we don't...

I am reading it and feel that is what you are driving home. I feel that it's not really accurate. That's just what I got out of that.

Definitely not trying to instigate. I just want to hear your reasoning as well as everyone's and also present the other side. I've read a good chunk of this thread and feel that you're probably one of the most intelligent traders here on ET. Just my 2 cents.

I do believe there is a correction...but that's like saying that there is a correction in equities, in bonds, gold, or any rally or sell off. Of course, there will be a correction. That's not saying much. Definitely not trying to instigate. I just want to hear your reasoning as well as...

This is uncharted territory...no one knows

Yes, there is definitely a gap between wages and home prices...but the solution isn't devaluation. The simple truth is that prices in desirable areas will always be in demand. People have to move...and that's what they are doing. Most of these foreign purchases are paid for in cash...and if...

SF is its own universe..very much like manhattan. During the 2008 crisis, NYC did not suffer the same declines as most of the US.

was there anyway anyone could have traded BREXIT? or the wise thing to do was to just sit out?

Well you're talking about Quarter A downs and ups....I was responding to someone who said they would be using ACD for intraday trading today and the next few days. If you look at even just monthly ACD levels...it's not relevant anymore with last night's move. Now, if we're talking about daily...

This is really overblown...especially on US side. Brexit has minimal affects here.

ACD ain't gonna help next few days...vol is all whacked now and skewed.

I get the importance of such a vote because of the media but real economic impact of UK leaving EU? I think it says much much more about the EU and the Euro than it does of gbp. I don't see why the pound is getting punished like this.

Mav and others, As you have said...the real opportunities will be after the results? Is this a good time to scoop up some longs tomorrow? What are everyone's thoughts.

Were you guys positioned for this vote in any way? I just stayed out.

Trump ain't carrying the northeast or the west coast...just no way.

what trade did Soros get right? He was short the pound again?

If i had like 20 lots on G/J right now...this kinda action would give me heart attacks

This isn't going to affect US markets much...I see maybe 2-3% drop max even on brexit

"you gotta diversify yo bonds..n*ggga"