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i see your point, but...you're assuming one can gauge the housing market. given that assumption (if you really did have a good bead on the housing market), i would say do as you see fit. but in your scenario, the people who were trying to gauge the market were wrong and it went up. you could...

i live in an EXTREMELY low cost of living area (average home price 100k) and i just paid 6k to get my small house painted. got 3 estimates before committing, btw. i don't think that 10k is too high at all. on the average house in the average market.

i think that, for the average, non-savvy, non-financially oriented consumer, buying a house is the thing they should do because they won't have the ability to trade or to save or even to invest wisely. for the rest of us, buying a house may not be the thing to do. our money may be better...

i think bernanke purposely "leaked' this info to maria bartiromo to bring the market down a notch or two. all this irrational exuberance is dangerous. even with this "correction", the market is still zooming. i don't think it was a mistake at all, more like a calculated move to stop the...

yeah, i was going to say, don't get too cocky guys. it's much easier to make money right now b/c things are endlessly up, but if we do some sudden twists and turns, things may get rougher.

agreed, but (and this is not aimed at you in particular, so please don't get mad:) ) in general, i find it's better to find a way of coping well with frustrating things as opposed to "raging against the machine". you know, like if sexism exists ( which it does), you could become a raging witch...

bravo! i totally agree. all of the above are good ideas, and the last paragraph is simply brilliant.

if i had people hassling me like that, to "get a job", i'd say i have a job. then when they say what, i'd say i have an e-business. if they pressed it, i guess i'd have to say selling stuff on ebay, or something like that. that's if i were you, your age and situation. but in my situation, i...

funny, i always think brokers are rich and dumb, whereas those who trade for a living (and successful at it) are some of the smartest people on earth. :)

i couldn't agree more. especially the last paragraph. bravo! a well thought out response.

i think what we traders have in common is close attention to detail and a head for numbers, factors which usually come in with people with high math aptitude, such as engineers. why do it? because we're good at it. sometimes, when you're hitting it right, it's like taking candy from a...

answer: value added tax (vat), as they have in europe. the tax is added BEFORE it gets to the retailer, takes out the retailer as tax cop scenario.

great compromise, domi!

i am TOTALLY in favor of a flat consumption tax but i don't think it will ever fly...unfortunately. nar (realtors) would kill it. spendthrifts (most of america) would hate it. others would claim that it hurts the poor. i think it's perfect b/c it punishes consumers for over-consuming...

right! and those racist southerners just loooove hilary!!!! lmao

you kinda missed the point there, red. we're not talking "the meaning of life" here, just politics. nobody's playing the victim, just saying that if we're purporting to be a democratic nation, then we're hypocrites, because real power belongs to the few and we are not equals in determining our...

amen, m.g.!!!!

amen, ssternlight. i disagree on half your positions but i too would like to know why the visceral reaction since b.c. is essentially republican with a softer rhetoric.

actually, bill clinton is a republican with a lot of democratic sound bites anyway (the perfect democrat), but hilary is not. i think she's actually the worst of the democratic party (eeyuck!) condi all the way!

disagree. she would be unbeatable. even i would vote for her....