THat hot HOusing Market....

Originally posted by vulture

You said guys who were formerly making six figures are delivering pizzas...this is insane...I can only figure Dallas may foreshadow things to come in other metropolitan areas in the next 6-9 months
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How about when times get so tough that $20 for a large pizza will seem like an unwarrented expense.
 
There were a few gaps down that came up on my screens tonight including some mortgage reits and a handful of reits. Now I remember the big sell-off in Oct of 2000 being blamed on the election and the lack of certainty.

And I guess we could blame the gap on the big gap down in the market today, cause this was the first gap down we've had in a while.:D
 
I have one friend in Texas that works in construction, and he just bought a house and had a baby in the last year (actually his wife had the baby).

Thanks for clearing that up. I can't imagine pregnant construction worker.:D :D :D :D
 
Originally posted by chasinfla
matt+j+clark

sorry to hear of your condition. tomorrow is another day.
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Thanks Chas,

Fortunately pretty close to even this morning with the bounce back.

I just don't understand why news that's 3 months old can throw my bio stocks down 7% - 10% when the indices are only down 2%.

Oh well, what should you expect when you're gambling.
 
Hmmm, I guess I'm not really gambling. I use a proven system that has worked fairly consistency for several years.

But I am gambling because I never know if that system will continue to work in the future.
 
whelp, it had to happen sooner or later, but CNBC started pumping riets, yesterday my friend Dave asked me if I thought he should allocate 20% of his investable funds into riets.

Today IYR and many others smashed their 200 MA like a tree through a mobile home. Source of funds? Panic Selling? Real Estate Bubble Burr Burr Bursting?

Wait for the Merrill upgrade tomorrow on some riets.
 
The media has been pumping real estate and denigrating equities for about two months now. There has been a big fade going on in both IMO.
Real estate is way up, equities are way down, and what they are advising the listener to do is to sell their equities and buy real estate.
:confused:
To do that sort of makes sense emotionally but doesn't seem to logically.
 
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