Robert! There you are. I can call off the Dobermans now.
Monthly around 2123 for ES. So far the QTR A up help but it's an expiration week, so all bets are off.
The ACD Method
- Thread starter sbrowne126
- Start date
Robert! There you are. I can call off the Dobermans now.
Monthly around 2123 for ES. So far the QTR A up help but it's an expiration week, so all bets are off.
Ya know, you guys are all talking RE and houses, copper seems pretty washed out and unlikeable at 2 dollars. I've watched it rally in the face of uncertainty here. Yes I know it's trading above 2 now. Seems like a pretty low risk long if what you guys are saying is true--i mean the good part before the reckoning. Ok I'll go back to lurking.
There may be another reason for the rise in renting vs home ownership. Picture your favorite millennial in front of A. A computer or B. A table saw. Which makes more sense? If they can't push a button and get it done, it ain't happenin. Thirty years ago young women idolized Martha Stewart. Who takes her place today?
As a millennial on the older end of the spectrum I think this is untrue. Many are currently priced out of the market and they didn't have the buying power back when the market bottomed out to purchase a home. Those that did have the buying power mostly bought properties as investments and rented them out (fortunately I landed in this demographic - and I refurb'ed on my own). Most of the millennials I know tend to handle home projects on their own, unless they don't have the time to do it themselves.
I fall in the millennial category also I believe (1992), but I wasn't old enough to buy when things bottomed, and then once I was and was in a place to do so, I had a hard time getting credit to buy any type of foreclosure or anything that was a very good deal. Everybody wanted cash in my area it seemed. Ended up buying a home that wasn't old but needed to be remodeled. My wife and I did a lot of the work ourselves or outsourced it if we weren't good enough at it (sheetrock). But it turned out pretty well.
I have a decent income now, but the only way I would be able to buy a house in my area if I hadn't already bought one would be if it was something tiny. Everything has moved up so much in value around here lately (Nashville area).
Mav,
What are your thoughts on bonds with this pullback? Seems to me this might represent a buying opportunity in the shorter term fundamentally with all the negative rates all over. Granted if the Fed ever raises rates, that will change things I'm sure
What are your thoughts on bonds with this pullback? Seems to me this might represent a buying opportunity in the shorter term fundamentally with all the negative rates all over. Granted if the Fed ever raises rates, that will change things I'm sure
We are right at the monthly A down at 171'18 and the QTR A down is 170'18 or so. So anywhere in this range is a good buy. However the 30 day NL has been breaking down and it's at a -6 now. So I would probably pass unless you are committed to the trade for other reasons like to hedge your long equity positions.
A much better trade is buying this curve on the pullback (10's and 30's) i.e flattening. I think this curve is going to keep flattening until we go into a recession. It pulled back nicely the last few days and this is a pretty good entry.