You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Bad Home Sales Numbers
- Thread starter Joab
- Start date
Whaaaaaaaat? The past few years have been nothing but stories of how wonderful realestate is. The bad news hasnt been here very long at all. Were just getting started.
Quote from stock_trad3r:
Um the numbers wern't important
all the doom and gloom priced in. For the past few years everyone has inundated by the media regarding the so called 'housing collapse' and after awhile traders stop responding.
and apple rebounded
I am long apple and goog (which sucks)
Quote from traderdragon2:
Whaaaaaaaat? The past few years have been nothing but stories of how wonderful realestate is. The bad news hasnt been here very long at all. Were just getting started.
Exactly.
That is a reality. While the headlines have been doom and gloom for a long time, the actual economic multiplier effects are JUST NOW beginning to hit the consumer and his/her psychology.
This is why housing, automobile, and now, retail sales are starting to slow.
Pay special attention to restaurant earnings from chain companies such as Brinker (EAT).
This is the relevant time in terms of the nexus between the housing meltdown and broader financial markets.
It is going to be extraordinarily spectacular.
Bloomberg reported that even THE HAMPTONS are slowing - and that the highest end of consumers (The Thurston Howell III Hampton type) are starting to feel 'anxious.'
Stanley Johnson is in debt up to his eyeballs, but he has a new car, new house, and a country club membership.
Ta-ta.
I'm sure you are right bylowsellhigh, but nobody else seems to have notiecd yet. Maybe durables will be weak....
I'm sure you are right bylowsellhigh, but nobody else seems to have notiecd yet. Maybe durables will be weak....
And lift off for the housing stocks. Joab - At the end of the day this is a huge disappointment and a very bad sign.
Quote from rhymeswithorang:
right, durables goods will do it. If not that one, then GDP will do it. Take a look at the spec positioning in stock index futures, they have a massive short. SQQUUUEEEEEEZZZEEEEE. Bull mkt, goes up on bearish news, goes up on bullish news. Faders never prosper.
Yep. The market does not, and has not, given a flying f&%k about "the numbers" for quite some time now. There's a semi-permanent bid under the market because of powerful global growth, lbo and pe deals, better than expected earnings, and a "30% OFF!" for sale sign placed on US equities by the lower dollar.
look you guys are right (euphoria) BUT eventually the market will do what it has to do !!!
It's simple auction dymanics.
Supply / Demand
Whenever there is a significant change in one the other will pay the price and it's always a solitary event that changes the dynamic.
This is it !
< sings > Time is on my side... yes it is ..... Time is on my side .... yes it is.
It's simple auction dymanics.
Supply / Demand
Whenever there is a significant change in one the other will pay the price and it's always a solitary event that changes the dynamic.
This is it !
< sings > Time is on my side... yes it is ..... Time is on my side .... yes it is.
"look you guys are right (euphoria) BUT eventually the market will do what it has to do !!!"
Wow, so the market will go down someday? Very useful and highly accurate, thanks Joab.
Wow, so the market will go down someday? Very useful and highly accurate, thanks Joab.
Quote from Joab:
look you guys are right (euphoria) BUT eventually the market will do what it has to do !!!
It's simple auction dymanics.
Supply / Demand
Whenever there is a significant change in one the other will pay the price and it's always a solitary event that changes the dynamic.
This is it !
< sings > Time is on my side... yes it is ..... Time is on my side .... yes it is.
So true Joab. And so often the event is not what one would predict. IMHO traders need not care (if you do then you are not a trader but an investor in your own ego) as they can trade what they see.