Sorry to those that are FIRE but like Bernstein said i'm down on my hands and knees wanting to pick up some stuff at fire sale prices.
Hope you did it yesterday, the feds just cut rates and looks like the market will open higher.
-ERD50
Even a cut in the fed funds rate won't have much of an impact on housing. The credit crunch is due to tighter underwriting. Housing will still tank followed by consumer spending.
Wow thats weird. This thread popped up today.
Its from '07 !
On my tablet with E-R app, there are two related threads presented at end of page. Maybe that?How did it "pop up". Your's is the first post since 2007. Did you do a search or something? Threads don't just pop up on their own.
Wow thats weird. This thread popped up today.
Its from '07 !
Coincidence? Perhaps. Or, possibly, a harbinger of what’s to come, a premonition of what could be, a foreboding of what the future holds. Oh my.Pretty funny seeing a 2007 Market Correction is Official title now knowing that was only the beginning of a really bad bear market.
Coincidence? Perhaps. Or, possibly, a harbinger of what’s to come, a premonition of what could be, a foreboding of what the future holds. Oh my.
Oops I corrected it was 29% was my prediction 37% was the amount it was going to drop from the top - and was derived as an average of the first year of bear market returns of severe bear markets. Naturally actual results may vary but I do feel this is the start of a severe recession.
As I just heard on the radio, part of the problem is liquidity use to be cash on hand it has become available lending on hand. Housing starts have dropped as announced today to the lowest level in 10 years. Walmart the other day stated that they are noting their clientel (annual incomes less than 40K per year) have an inablity to make purchases at the end of the month. This is not just a subprime problem, I see where Countrywide has secured 11.5 Billion in bank loans to service it's mortgage business and their commercial paper was downgraded. Countrywide has financing commitments from banks of 285 billion - many of which the banks can get out of - but I would not want to be lending Countrywide money. Again I do not see these items as leading to a buying opportunity. This is not the prospective selling of September 2001 where the terrorost attacks led to fear of what would happen to the economy - this is the economy and what will it do to economic activity.
Could easily get some really sharp nice rallies but over the next 12-18 months I would expect the market to continue to decline in unison with economic activity.
Oh, OK, I’ve never paid attention to the “similar threads” box. It does show the last post date.
Thanks for explaining.
Pretty funny seeing a 2007 Market Correction is Official title now knowing that was only the beginning of a really bad bear market.
I for one want a good market crash rather than the whiplashing back and forth.
Regardless, I plan is to stubbornly using my target AA as a guide no matter what happens.
I for one want a good market crash rather than the whiplashing back and forth.
Regardless, I plan is to stubbornly using my target AA as a guide no matter what happens.
We’ve long seen this sort of momentum in stock prices. What’s changed? An increasing number of investment firms have launched funds to take advantage of this momentum effect. These momentum funds scour the market, looking for stocks that are displaying strong directional moves. When they find them, they effectively jump on the bandwagon, buying stocks that are going up and selling stocks that are going down. While it’s difficult to quantify, these momentum funds amplify the market’s ups and downs by bidding up stocks that are already going up and putting downward pressure on shares that are already headed lower.
No, that whiplash is where you can make money.