October 01, 2006
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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44 comments:
We're still having multiple offers on homes in our area. The upper end is slower than last year and prices have dropped 10% on those. But, the median price range is still affordable and is selling fast. The median price on a 3/2 2 car garage here is $172k. Prices from $150-250k are selling fast and furious. I guess some people do still need a house versus a tent.
No doubt a downturn in real estate is coming. But, it does seem to be only effecting the homes over $500k here. Our city has around 500k people.
You are antipatriotic Keith!
Another edition of everyone's favorite has been posted:
Lowball!
Lowball! takes a look at home sales from a different perspective. For those new to Lowball!, a lowball offer is when a buyer offers a significantly lower bid than asking in hopes that the seller accepts the offer. We take a list of home sales from the past month and pick out the sales that have the highest percentage difference between original list price and selling price.
Caveat Emptor!
Grim
hi - does anyone know how to find out the address of a property listed in the MLS? Also, how to find out the taxes? Thanks!
the IKE carrier group will be in the persian gulf oct 16th, got gold?
Anonymous said...
hi - does anyone know how to find out the address of a property listed in the MLS? Also, how to find out the taxes? Thanks
In Maryland this is the best source
Maryland Properties
China is moving 25 miles off of Key West into the Gulf of Mexico to drill for OIL. They are leasing the location from Cuba. FACT.
POLITICAL NUCLEAR BLAST UNDERWAY...
BOB WOODWARD'S "60 MINUTES" INTERVIEW WITH MIKE WALLACE DROPS NUCLEAR BOMBSHELL THAT DR.HENRY KISSINGER OF THE INFAMOUS NIXON WHITE HOUSE HAS BEEN GW'S PRINCIPAL MENTOR IN THE HANDLING OF THE IRAQ CRISIS.
QOUTES SUCH AS "VICTORY IS THE ONLY EXIT STRATEGY" AND "HENRY IS FIGHTING THE VIETNAM WAR ALL OVER AGAIN" IS BOUND TO ENRAGE THE GOLDWATER/REAGAN WING OF THE REPUBLICAN PARTY WHO THOUGHT THAT THEY HAD BANISHED DR. K FROM THE PARTY MANY MOONS AGO.
I CAN RECALL AS A YOUNG TEENAGER, DR.KISSINGER BEING BOOED OFF THE STAGE AT THE 1976 REPUBLICAN NATIONAL CONVENTION IN KANSAS CITY, AND HE WAS NEVER TO BE SEEN OR HEARD IN OR NEAR THE REAGAN ADMINISTRATION OR THE BUSH I ADMINISTRATION!!!
BARRY GOLDWATER AND RONALD REAGAN ARE ROLLING IN THEIR GRAVES!!!
GET READY....THIS IS GOING TO BE A VERY VERY UGLY OCTOBER!!!
My father is very active in Republican politics here in New Mexico. I'm visiting my parents this weekend and was awakened by my father's shouting.
He was screaming on the phone to a friend about the Kissinger presence in the current administration, and yes , he is one of those devout Goldwater/Reagan Republicans. I never saw my father this angry before.
from the Chigao Tribune:
Mary Umberger
Don't look at the stats behind curtain
Published October 1, 2006
An advisory to our sensitive readers: If you can't absorb more bad housing news, avert your eyes.
Chicago home prices are about 20 percent overvalued, according to the latest chapter of an ongoing study by analysts at National City Bank and Global Insight, an economic-data analyst. A report from the Illinois Association of Realtors this week said the median single-family home in the nine-county Chicago area in August sold for $280,000.
Of course the "Chicago area" is Chicago-Joliet-Napervile and EVERYTING in between.....
ooooooohhhh yeah, Kieth October Bear's comin' so you and all your sexually ambiguous mates in London can ponce around acting like you knew it all along. Well FYI, those same pseudo Intellectuals in London that think Yanks are stupid are also shameless whores and hangers on that depend on the US for their livlihood. How does it feel to be the patsy?
ANNON.Sunday, October 01, 2006 1:39:40 PM
Why not tell us where you are?
I recently bought and sold a home in one of these lower end areas and in hind sight am grateful because lower real estate prices attract the mentally ill and drug addicted people that cannot afford the nicer areas.
"October is here. Everyone ready?"
It's like seeing a preview trailer at the theatre. From today's San Francisco Chronicle:
"HOW AN ATTACK WOULD UNFOLD -- A military assault on nuclear plants in Iran remains an option for U.S."
The article goes on to describe how Iran would be subdued by a quick round of US missile attacks. Next, President Bush (dressed in his Halloween flight suit costume) would announce from the deck of the USS Abraham Lincoln, "Major combat operations in Iran have ended."
Then, it's off to North Korea for more military conquests!
Oktoberfest In Iran
The BEAR is very patriotic! The super rich make fortunes in the bear market while the poor middle class loose their assets.
'Victory is the only exit strategy'
So far i see nothing wrong with that!
Oh, that's right you weak kneed Dems are the party of cut'n run!
Here's another factor to throw into the formula to predict what will happen.
If prices are dropping, banks will want to act fast on delinquent mortgages. Why? Because the longer they wait for the inevitable (foreclosure) the less the asset will be worth.
Don't look for any mercy from lenders until the bottom is stably in.
That bear looks to be of tender age, where's his momma? What with Rep. Foley still on the lam it just ain't safe out there for a wittle bear.
Bear as in the markets? Forget it Keith. The Fed has the money spigots wide open and banks are now actively begging people to refi those boutique ARMs into fixed rate mortgages with no costs and at lower interest rates.
That did not happen because banks have suddenly become kind-hearted. No, the Fed quietlyput the word out that member banks had better start cleaning up those looming mortgage problems.
The Fed's PPT in the energy futures markets have done their job very well too, and fuel prices are falling like a stone. In short, I just don't see your furry friend having much fun this month.
".but jeebus tapdancing keripes...are Kissinger and Rumsfeld the best he can find?"
it's the other way around. W is the best tool that Rumsfeld, Cheney, Rove and Kissinger could find.
Be afraid. They are bad men.
By the way, I don't get why Republicans hate Kissinger so much?
Were they anti-Vietnam war pacifists? I don't think so. Or was it because he didn't use nuclear weapons in Vietnam?
"The Fed's PPT in the energy futures markets have done their job very well too".
Funny that just a couple of months ago, Goldman Sachs abruptly and arbitrarily changed the makeup of their commodity index (which is now followed by many pension funds) to go from 6% unleaded gasoline to 2% gasoline.
A cutback of 2/3rds!!! That isn't just some "minor" rebalancing.
Guess who the newest Secretary of Treasury is? You guessed it---former CEO of Goldman.
Nothing than a wet BJ for republican politicians.
Buy energy futures Nov 8th.
You all are missing the point with Kissinger. The old man is a conduit for back-channel negotiations. His company deals with all of those countries we can't "officially" talk with, like N. Korea, Iran, Syria, etc. He serves a purpose, so leave the man alone.
If you want Nixonian conspiracies, just read Dick Morris' book Rewriting History, where he shows how Hillary Clinton and any future administration she heads would make Tricky Dick's look like a Baptist picnic in comparison.
Ooops, meant to include this in last post:
Also, a very anomalous new fact.
"crack spreads"---the difference in price between finished gasoline and its oil inputs are suddently at the lowest that they've been in YEARS.
Note that these are not OPEC controlled but almost all domestic.
Now which party might be more "accomodating" to oil companies? Hmm?
Good Post!
Countrywide is running TV ads for a deal that lets people with option ARMs refi and roll their first mortgage, 2nd mortgage. HELOC, and car payments into a longer-term fixed rate mortgage. It's the weirdest damn thing I've ever seen, and I can't believe they are doing it voluntarily.
How to fund a crusade.
1)Run a record national deficit.
Check
2)Make your surfs toil in the fields longer by inflating the cost of their assets and then taxing them on those inflated assets.
Check
3)Convince your surfs to take on a heavy debt load. ARM’s, HELOC’s, etc.
Check
4)Place a tax on travel by selling toll roads and bridges to foreigners.
Check
5)Control the written word and manipulate the truth.
Check
6)Silence those who speak out or disobey.
Che
From: http://kurtnimmo. com/?p=580
Detainee Bill and the Dawning of a Fascist America
Kurt Nimmo | September 29 2006
As Steve Douglas notes, "the Schmittian drives for the arrogation of all power into the hands of a 'unitary executive' Presidential dictatorship, " in the case of both Hitler and Bush, are "essentially, identical."
In the wake of the Reichstag fire in early 1933, blamed on the Comintern, Hitler and the Nazis, with "the support of a terrified populace Š suspended civil rights and civil liberties, fattened their war machine and rode the fascist tide into a full-blown dictatorship, " writes Harvey Wasserman.
Keith is right. Watch the bear.
1. October at the midterm elections in the 4 year presidential cycle. Historically a horrible bear. Remember Oct 2002, exactly 4 years ago anyone?
2. 16 year secular bear starting 1998 or 2000. Go an dig up your charts from 1974, the last 2nd round of the 16 year bear.
3. Many many bears are capitulating after the booming September. Do bears capitulate at the top or the beginning of the next bull? (Hint: what stage are the markets at when bulls capitulate? Now what's the opposite of that?)
4. Everyone knows all the markets (oil, stocks, bonds) are being heavily manipulated to try to win elections. Everyone knows it will cease the moment they no longer need it for the elections. The smart people (read: big funds) will make the plays before most people think. Everyone will expect it to hold till mid-November, but history shows us otherwise.
5. Mutual fund reports get mailed Sep 30. They succeeded in jacking up everyone's funds to make them feel rich until Dec 31. No one will know or care if the market tanks now. You think the average Joe Sixpack fund holder looks at the financial section to see what the S&P is doing in Oct?
6. Oil and gold manipulation will run out of steam. TPTB have a lot of power and clout, but it's not unlimited.
Anyone buying long in the market right now with the Dow at the all-time high (read: double top) is taking a lot of risk for very little potential reward. The market will inflict the most pain on the most people as it possibly can. Right now, the "most people", by an overwhelming margin, are the bulls.
with bonds in bull mode, and interest rates dropping (long term rates), with the dow and s&p rising in september, the risk premium for stocks has increased.
the bond market is shouting RECESSION as loud as they can. the stock market is trying to convince us "ALL IS WELL, ALL IS WELL".
One of 'em is wrong. I'll be it's stocks (amateurs) vs. bonds (pros)
all market bulls end with a nice runup at the end. we may be here
Keith, only three more months for your Dow prediction to come true (8000). Thoughts?
Throw in the sinking of the USS Enterprise and gold and oil go through the roof.
Keith- Wait until Friday when the jobs report comes out. You know how the Feds leak this to all their friends. Well look at the puts bought for Oct. 6th, the day the report comes out. Will it signal recession? I have no inside info, but will bet it will be bad! Stap yourself in, it will be a hell of a ride!
Can't happen in Texas. Might happen in other places but it can't happen here on the Gulf Coast where everybody will always pay through the nose for crap that will wash away after the first inch of rain.
http://www.caller.com/ccct/business/article/0,2537,CCCT_873_5034956,00.html
Think agin' pardner!
If Keith says Dow 8000, he's not far off. Not sure if it will make it there anytime soon, but if you do the math using the average rate of return on the DJIA in the past 100+ years and plot a reversion to the mean, you end up with Dow around 7000. History has always shown the DJIA reverts to the mean and provides a reliable 6%/year return over multi-decade timeframes.
Do yourself a favor and call up a DJIA chart from 1982 to 2006. Draw a trendline through the 1982 to 1994 period. See where that trendline points? See how insanely high above that line we are? "New era"? I think not. We will revert to the mean, and very likely swing well below for a while. The only question is timing.
The charts (technicals) and fundamentals look very dangerous right here. Think stocks are cheap and we're starting a new bull? You've got to be retarded, insane or both. The best possible outcome over the next 5-10 years is that stocks go nowhere until the mean catches up. By definition, that's a bear market. No good for short sellers, unfortunately, but equally as bad for the bulls. The only way to win in a nowhere market is to sell naked OoTM options (risky)!
I'm anon 1:39 pm. Our area is located half-way between Florida and NY. We're a "half-back" part of the country. We have loads of lakes and receive 50 inches of rain per annum.
I'm hesitant to tell you were this little piece of heaven is located, as you'll all want to move here!
The Great Immigration Debate: The Invasion of the Crackers
Countrywide is running TV ads for a deal that lets people with option ARMs refi and roll their first mortgage, 2nd mortgage. HELOC, and car payments into a longer-term fixed rate mortgage. It's the weirdest damn thing I've ever seen, and I can't believe they are doing it voluntarily.
++++++++++++++
Countrywide is running scared. They're going to lose a lot of money, but no doubt they're hoping to hold off collapse....
Detainee Bill and the Dawning of a Fascist America
Kurt Nimmo | September 29 2006
As Steve Douglas notes, "the Schmittian drives for the arrogation of all power into the hands of a 'unitary executive' Presidential dictatorship, " in the case of both Hitler and Bush, are "essentially, identical."
+++++++++++
I can't believe this is happening in the U.S.A. I also can't believe how people have been blowing off the fascist tendencies of the Bush Administration FOR SIX YEARS.....
"The Great Immigration Debate."
i didn't know that the minutemen already exist way back during the time of the redskins.
as soon as the general public starts to believe stocks are in a new bull market, we can be clear to see a bear at some point after that. At this point however, too many structural and sentiment forces will prop things up or at least keep it in a trading range
I'm completely out of the markets this last month to the tune of high seven figures. Skiing in Switzerland will be nice this coming winter. In the evening I'll read the news and see how things go.
Trevor, "Do yourself a favor and call up a DJIA chart from 1982 to 2006. Draw a trendline through the 1982 to 1994 period. See where that trendline points? See how insanely high above that line we are? "
Are you interested in doing this and posting it?
>> 4. Everyone knows all the markets (oil, stocks, bonds) are being heavily manipulated to try to win elections.
HAH! Just as I thought - the entire stock market is a complete fraud!
Jim Puplava is predicting a record Dow and eventually, hyperinflation and lower interest rates to sustain the housing bubble.
What is the record he is predicting?
It's easy to predict a new high, when it's already there!
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