Tiz you think you call'm poorly...Shit if I just had a bit more patience I could have made out nicely with my GS trade.....SEE boys even the "smartest on Wall st." are taking it.......I still think this stock sees 170's soon just can't take another shot like I did last week....maybe with a smaller sum...we shall see.....
Another question I have for Woof, Tiz et al......We are always talking about how shitty the RE market is and I agree it is....BUT I live in NYC and I'll tell you one thing RE in manhatten and Downtown Brooklyn are still hot as a MFr...i bought my brownstone in August and I've already been offered 10% more than I paid(and its not even listed...These brokers will just come and ring your freakin' bell....Why do you think these markets have not been crushed like others??? Maybe with the lack of wall st. bonus this year it may soon be on its way??
Of course gs can fall, but the smartest firm on wall street has fallen less than just about everything since the selloff began. GS has definitely fallen alot less than other stocks within the brokerage sector. I still think there is alot easier money to be made shorting stocks other than gs.
The real estate crash will not be equal in all areas and NYC is not immune from price declines.
This is only a guess but its possible that many foreigners are keeping NYC property values from falling like elsewhere. If so, it doesnt have to remain that way.