sell! sell! sell!

[Brooklynbomber]

Bernanke seems intent on ridding the notion that whenever one hears the word 'helicopter' they think of him.....futures I think are 75% on a .50 cut, but I think 50/50 is more accurate. would not surprise me the least to see a .25 cut

---------------------------

'GATA GOLD RALLY'

How high is up?

by Peter Degraaf | January 29, 2008

Print For the next few weeks or months, analysts will likely refer to the latest rise in the gold price, which started today, as the GATA RALLY.
As some of you know, this Thursday, the Wall Street Journal will carry a full-page advertisement paid for by GATA. [Gold Anti-Trust Action Committee] The headline of the article will read: “Anybody seen our gold?”
The inference is that some of the gold that is supposed to be stored at Fort Knox may not be there, or may belong to foreign governments. The last time this gold was officially audited was 1953.
GATA has maintained for years, as originally reported by Frank Veneroso, and recently documented by John Embry, that the gold price has been manipulated by Central Banks and privileged bullion banks, along with some gold miners. (Barrick comes to mind). (bold emphasis mine)

 

[Hitman26]

Hit,

Another tough warning on ISRG put out by Oppenheimer this morn on valuation and guidance.

I decided to take the kick in the nuts this morning and leave it, running on one cylinder.

GL

Oppenheimer and Wachovia have knocked the crap out of ISRG. I did sell half of my position last week at 270 but that was only because I had way too much of it to start with. If it keeps tanking I might pickup a few calls for an earnings play.

 

[tiznow]

like the idea of isrg long term

still too pricey for me though to even think of buying

plus people seem to be in the mood to flee high valuation (P/E) stocks and go to more conservative mode

 

[Dawoofdaddy]

eek, you have been pure fucking comedy (and dead WRONG as well) for the past 3 years about gold.

meanwhile the price has went through the roof.

you will buy it eventually...most likely at or near the tippy top.

just be sure to post when you finally do.

people that bought property in the most bubblicious areas will probably have to wait 25 years to "get even".



EDIT: VMW putting in fresh new daily lows this afternoon.

 

[Brooklynbomber]

thats funny DAW

reminds me of Peter Schiff appearing on CNBC. their cheerleaders laugh and ridicule him, then when he is proven right, they laugh some more.

I mean nobody sane buys their bullshit, but the fact is weak people refuse to admit when they are wrong, even when confronted with the truth.

 

[Dawoofdaddy]

I mean nobody sane buys their bullshit, but the fact is weak people refuse to admit when they are wrong, even when confronted with the truth.

And nobody with at least half of a brain believes the drivel eek posts.

Hopefully, nobody has taken his recent investment advice, either.

Nobody has been off the mark more than eek about gold and now his babbling about property is also tanking.

 

[tiznow]

things starting to accelerate in homie land

based on past 3 months we now on a 16.2% annualized clip after 7.7% for 2007

also as this notes these are non inflation adjusted numbers, in nominal terms they even lower

-------------------------------------------------------------

WASHINGTON (MarketWatch) -- The decline in U.S. home values accelerated in November, with prices falling for the third month in a row in all 20 cities tracked by the Case-Shiller home price index released Tuesday by Standard & Poor's.

For the 20 cities, prices fell a record 2.1% in November. In the past three months, prices fell at an annual rate of 16.2%.
Among those 20 cities, prices have fallen a record 7.7% in the past year. For the original 10-city index, which has a longer history, prices are down a record 8.4% in the past year, exceeding the drop recorded in 1991.

Home prices fell in all 20 cities in November, led by a 3.6% drop in Los Angeles.

The outlook is grim, economists said.

"With supply overhang enormous and mortgage financing tougher to obtain, home prices are going to decline considerably further in the quarters ahead, most likely to a double-digit pace on a year-over-year basis before too long," wrote Joshua Shapiro, chief economist for MFR Inc.

"We reached another grim milestone in the housing market in November," said Robert J. Shiller, chief economist at MacroMarkets LLC and one of the developers of the index. He noted that prices fell at a record pace in November in 14 of the 20 cities. In eight of the cities, prices have been falling for more than a year.

The Case-Shiller index, which tracks multiple sales of the same homes, is considered by many observers to be the best gauge of national and metropolitan-area real-estate values. Its major flaw is that it may overemphasize the coastal regions that had the biggest bubble.

But even in non-bubble cities such as Atlanta, Cleveland, Chicago and Minneapolis, prices are dropping.

Prices are down in 17 of 20 cities compared with a year ago.

Miami has recorded the largest drop in home prices in the past year, down 15.1% since November 2006. Prices have tumbled 13.4% in San Diego, 13.2% in Las Vegas and 13% in Detroit. The figures are not adjusted for inflation in the rest of the economy.

After adjusting for inflation of 4.8%, prices have fallen even in the three cities with rising nominal prices over the past year -- Charlotte, N.C., Portland, Ore., and Seattle, Wash. Prices are up 2.9% in Charlotte, 1.8% in Seattle, and 1.3% in Portland

 

[Dawoofdaddy]

and whats never included in these home value statistics is the homes that sit without selling...sometimes for many YEARS!

in vaulted treehouse real estate crash thread there are (2005-6) posts from guys saying it was impossible for real estate in florida to EVER fall.

also a couple posts (from 2005) saying california real estate was UNDERPRICED! LOL

how much is a house worth that doesnt sell????

prices of homes that have been sitting for many months or more than a year should be quoted at least 20% lower than current bloated values.

we have a long way to fall still during this real estate crash.

the faces are different, but the game is the same.

:nopityA:

 

[tiznow]

my question is when is the dead cat bounce coming

based on my hand dandy arm reset chart, probably my favorite chart of um all

late this year early next year looks about right

right now we just getting past the big subprime phase (looks like they pretty much cleared out by end of 2008)

come mid 2009 and beyond the prime's, alt-A's and option arms start to kick in, in big numbers

---------------------------------------------------------

 

[tiznow]

this chart came out recently as well this one quite eye catching too

shows new home sales along with time frames when we had a recession, the fall right now making the late 70s early 80s housing bubble collapse look like a blip

http://bp1.blogger.com/_pMscxxELHEg...is/2CJ0k1Ow598/s1600-h/NHSrecessionsDec07.jpg

that said i'm sure the fed's aggressive rate cuts will save us this time....whatever

 

[Budworth22]

http://www.youwalkaway.com/

This guy is cashing in selling foreclosure packs. Interesting, if you can save the money you make during the 8 month grace period during which you occupy the house and do not have to pay for it.
​

 

[tiznow]

ebay helping me out on my AMZN short

-----------------------------------------

EBay to take bigger sales cut and raise standards
Shares weaken with reports that changes could raise costs for sellers

SAN FRANCISCO (MarketWatch) -- EBay Inc. unveiled several changes to its core online-auction service Tuesday, including a sharp reduction in listing fees, as part of an effort to better compete against a growing base of rivals.

The company's shares weakened by Tuesday afternoon, dropping 2.5% to $26.18, with reports that the changes could actually increase charges placed on many sellers.

The online auctioneer had previewed the changes during its fourth-quarter earnings call last week. Details of the changes were announced during its annual eCommerce Forum in Washington on Tuesday.

 

[tiznow]

http://www.youwalkaway.com/

This guy is cashing in selling foreclosure packs. Interesting, if you can save the money you make during the 8 month grace period during which you occupy the house and do not have to pay for it.
​

people are walking away like mad but your credit is absolutely ruined

basically people took out free money loans and are saying screw it i'll ruin my credit to get outta it see ya

not good for our economy that runs on debt creation as now these people won't be able to get in a home or credit for anything for quite some time

 

[Dawoofdaddy]

they will get credit, but it will cost them more to get credit.

in essence they either pay now or later, but they are going to somehow pay for being stupid and thinking a house goes higher in value to infinity.

 

[tiznow]

they will get credit, but it will cost them more to get credit.

in essence they either pay now or later, but they are going to somehow pay for being stupid and thinking a house goes higher in value to infinity.

if they want to pay stupid rates and such i guess they can find new debt

but at the same time the creditors are tightening up standards as well

but yeah in general its either they are gonna have to live off their income and savings, or they are gonna have to pay ridiculous interest rates to take on debt

 

[tiznow]

wow that youwalkaway.com site is fantastic as far as giving me a laugh

i love all the photos of people happy, got wife and husband with their kids hopping around, got a women with a big smile on her face holding a box cleaning out her house

walking away from homes is FUN!!!!!!! everybody is doing it!!!!

just pure comedy

wow just keeps getting better

look at the FAQ portion of the site

this is good shit :lolBIG:

thanks for the laugh

9. It sounds to good to be true, how do I know this isn't a scam? :nohead:

 

[hellah10]

woof... looks like we can purchase our favorite uranium stock at a nice price :toast:

 

[tiznow]

woof... looks like we can purchase our favorite uranium stock at a nice price :toast:

hoping to see CCJ get to the 20s

if not oh well there will be other value to go around somewhere else %^_

buy low sell high

get your low volume pre fed bear shake on arty:

might move back my full short position prior to fed tomorrow

 

[Dawoofdaddy]

wow. the market is really taking the fillet knife to isrg going into the close.

$30 & 11% + now after the morning downgrades.

market looking hard to find an isrg bid.

its even tanking late today with the s/p making new daily highs.

looks like the damage for vmw today is going to remain 30% +

 

[Timetopay]

anyone got 10 bucks i can borrow?