Where is the recession? Show me ?

[HedgefundTrader2]

Quote from NY0BScalper:

So by this logic the NASDAQ was a great buy at 4000 and an even better buy at 3500 on the way down... since stocks always go up and in 5-10 years you'll be good, especially if you get to keep some dividends.

You cannot compare REAL ESTATE with STOCKS & EQUITIES. These are 2 distinct asset classes. Real estate does not goes down like NASDAQ index nor does its subject to the whims of traders from day to day.

You can sell a stock at your mouse click, but it will take you months to sell your house and the paper work is enormous and the process far more intricate, legal and stressful and it involves a dozen people with you for over 30-60 days in a good market.

That is why those who compared Real estate as a bubble are eating pavement dirt today, cause nothing came true. Just read Nouriel Roubini our prophet of doom and gloom and his tales from the graveyard. The bastard makes a living out of this ..

 

[Optional]

get what?
Get this. The stock market is down and you are wrong, have been wrong, and may continue to be wrong in my estimation. You cut and paste someone elses work and you ask me if I get it? and more importantly you are losing. What counts is your account balance and not your ego or whether you are right or wrong. Trading is about your account balance and whether or not it grows organically. Is yours?

Quote from HedgefundTrader2:



Get it ?

 

[HedgefundTrader2]

Quote from Optional:

get what?
Get this. The stock market is down and you are wrong, have been wrong, and may continue to be wrong in my estimation. You cut and paste someone elses work and you ask me if I get it? and more importantly you are losing. What counts is your account balance and not your ego or whether you are right or wrong. Trading is about your account balance and whether or not it grows organically. Is yours?

Read the piece again. Its called Technical Analysis and its the best out there...

Giving you cut and paste is the best hope to deliver a punch into your fat belly that protrudes with vile hostility and fat.

I perhaps made more money this month than you did. But we are not keeping scores here.

 

[Optional]

Quote from HedgefundTrader2:

I am sorry if I mistook you for somebody else. My bad.

Majority of home buyers are between the ages 25-35 age group. than there are people who upgrade. Owning a house is a necessity but not like food and groceries and transportation. The absence of demand or lack of buyers has created this financial fiasco and withered our national self confidence and now has spread and threatened our financial markets. You can hold back only so long and when you see your life and youth passing by one day you see a house for sale and you dial that number on your cell phone.

It can only last a few years after that as I have seen in previous real estate cycles the whole dam breaks loose. Feds cut rates, lenders become easy to deal and so one. There is a stampede to get in and buyers are circling properties knocking on doors at odd hours and making a fool of themselves... and real estate markets go on fire. Its always a boom or bust in this industry, nothing even or steady.

Yes. We are in busy mode now. Either realize it. Capitalize on it if you are right. Or. Be delusional and miss the bus

 

[Optional]

Quote from HedgefundTrader2:

Read the piece again. Its called Technical Analysis and its the best out there...

Giving you cut and paste is the best hope to deliver a punch into your fat belly that protrudes with vile hostility and fat.

I perhaps made more money this month than you did. But we are not keeping scores here.

Perhaps you did. But not bloody likely. Especially with your attitude. I know a lot of successful equity traders and not one of them sounds like you. I know a lot of business men who bought AOL and pets.com in 2000. You sound exactly like them.

 

[HedgefundTrader2]

Quote from Optional:

Yes. We are in busy mode now. Either realize it. Capitalize on it if you are right. Or. Be delusional and miss the bus

I never miss the bus. I get up 6:00 AM and 6:30 I am trading hard and fast BIDU , AAPL, DVN, RIG... etc , selling naked puts, naked straddles, picking few breakouts, heavy movers and dumping some shorts when the mood gets nasty.. oh I scream when I don't make money and i have to eat week old Salmon on my granite counter tops.. I donot like that.


Yes I am quietly buying real estate in this down market so does DONALD TRUMP.... he is hording nice pieces all over the country. Its the retail buyers they are still having a hissy fit if they get over their SEASONAL ADJUSTMENT DISORDERS by springtime.

 

[HedgefundTrader2]

Quote from Optional:

Perhaps you did. But not bloody likely. Especially with your attitude. I know a lot of successful equity traders and not one of them sounds like you. I know a lot of business men who bought AOL and pets.com in 2000. You sound exactly like them.

Good you donot have to read my posts. Create your own and enjoy.

 

[pcdunham]

Quote from HedgefundTrader2:

Technically they are domiciled here, but these are Chinese companies in a red hot economy and yet they are treated by the same doom and gloom club like they were US stocks. Traders in the US will take and thrash anything down.

Just look at the charts of some great companies and what do you see? Massive damage done to them. Charts of GOOG, AAPL, BIDU destroyed beyond belief. What do you see?

Fear, anger, hopelessness, and a will to obliterate your own future.

there are only two possible explanations for such absurdity. either you are saying absurd things as a joke just to screw with people or you are a complete idiot and actually believe what you are saying

 

[Optional]

Quote from HedgefundTrader2:

Good you donot have to read my posts. Create your own and enjoy.

Of course I do. I must read them and tell you how dumb you are. Its my god given right.
Ok. I'm heading into the club to drink lots of bourbon and enjoy my successful week and month.

 

[HedgefundTrader2]

Quote from trendlover:

Yes, it is boom or bust, that is right. But we are reaching a time when homes became so inflated in price and new buyers average income can not afford... (sellers and lender banks) wanted to keep the ball rolling in their favor for take the money and run, so they made liars loans, cheap credit, head in the sand when it came to ratio of income/debt. Just make the deal and pass the ball. It has boomerang back to haunt the people who first profited. It is not good economics. And people who took tha bait (the homebuyers were part greedy/part naive

Lenders are basically risk averse traders, they don't make loans to get your property and that mortgage talk is a complete lie. Those loan were made according to lenders guideline a t the time and with due diligence.

What went wrong when our average Joe decided to become a real estate speculator and thought he can buy real estate on the cheap... and the buyers stopped buying. Just like they are doing now in the stock markets.

The whole valuations of those loans backed by collateral started getting destroyed in 2 years of non activity in the real estate markets. Bears & Stearns swallowed lots of mortgage companies and their problems ---they nearly got killed with it.