tag:blogger.com,1999:blog-18675105.post8000129782413130635..comments2024-01-15T12:16:41.302+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Wow, the DOW has crashed 2100 points now, and the NASDAQ is down almost 20% in the past few weeks. DOPES?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger86125tag:blogger.com,1999:blog-18675105.post-15939778617358006632008-01-18T18:31:00.000+00:002008-01-18T18:31:00.000+00:00"My Advice:1. Bullets2. Guns3. Seeds 4. Water 5. F..."My Advice:<BR/><BR/>1. Bullets<BR/>2. Guns<BR/>3. Seeds <BR/>4. Water <BR/>5. Food<BR/><BR/>Yeah we are getting there closer and closer."<BR/><BR/>Add to that:<BR/><BR/>Chickes for fresh eggs and a chicken every sunday. Rabbits -multiply quickly, don't take up much room and is great protein. <BR/><BR/>http://codenameinsight.com/thingstohave.htm<BR/><BR/>This should cover the rest. . . .<BR/><BR/>Get your families passports in order and children who do not have a passport get them one now. <BR/><BR/>Neighborhood co-ops. One family grows tomatoes, kale, corn etc.<BR/><BR/>This is coming, our new territories will be clusters of neighbors for protection, bartering and food sources. I'd volunteer for home schooling in my territory. . . .<BR/><BR/>Think of the wild wild west.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51260013353533319872008-01-18T16:24:00.000+00:002008-01-18T16:24:00.000+00:00Exciting times...equities becoming reasonably pric...Exciting times...equities becoming reasonably priced, houses too.<BR/>WooHoo.<BR/>It's easy to say: "Buy when everyone is fearful and sell when everyone is greedy." It's much more difficult to put it in actual practice with your hard earned money.<BR/>COP - now<BR/>C - soon<BR/>BAC - soon<BR/>AEA - now<BR/>DYN - now<BR/>WFC - soonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50327236646190429652008-01-18T11:48:00.000+00:002008-01-18T11:48:00.000+00:00I think it's the Fox Business Channel effect. On ...I think it's the Fox Business Channel effect. On October 15, 2007 the day before Fox launched, the Dow was at 14,093. I've never doubted that Fox was bad for the markets, but this sort of compelling empirical evidence speaks for itself -- hardly a coincidence. <BR/><BR/>Of course, it may just be that FBC has Peter Schiff on every couple of days. <BR/><BR/>http://bigpicture.typepad.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83201922024800892772008-01-18T08:18:00.000+00:002008-01-18T08:18:00.000+00:00Malcolm,Back when people said cash was king, the $...Malcolm,<BR/><BR/>Back when people said cash was king, the $ was still tied to gold and "as good as gold". <BR/>Gold is not illiquid as stocks. It will always be sold, and for a lot of dollars, because the govt will inflate if only because it can now.<BR/>Gold is still cheap if you don't look at its nominal value. Look at it's historical ratio to the S&P, to oil, to housing or other asset prices.<BR/>It's also not being valued as money now, but it might in future.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61048506935638374582008-01-18T06:04:00.000+00:002008-01-18T06:04:00.000+00:00The crowd looked down atChicken Little, and they l...The crowd looked down at<BR/>Chicken Little, and they laughed.<BR/><BR/>Then all were crushed by the sky.edd brownehttps://www.blogger.com/profile/08825894326281481673noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22170835853490827572008-01-18T06:01:00.000+00:002008-01-18T06:01:00.000+00:00I bought gold at $255 and silver at $3 when everyo...I bought gold at $255 and silver at $3 when everyone was in tech stocks. NO LIE!<BR/><BR/>I sold a % of gold/silver at $700 and another day before yesterday at $900. <BR/><BR/>My bet is that we are one "ore" two rallies from the top. <BR/><BR/>I'll dump more at the next peak and all of it if the shoe shine boy is in on the action.<BR/><BR/>Today no one wants dollars, so that is what I am buying! <BR/><BR/>I am trading overvalued assets for worthless dollars. <BR/><BR/>Fundamentally gold is overvalued as it is selling for twice what it costs to mine it.<BR/><BR/>Been there, done that.Devestmenthttps://www.blogger.com/profile/13704339847524381868noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59607153761979315912008-01-18T05:23:00.000+00:002008-01-18T05:23:00.000+00:00Keith said:...aint looking too bad...so are Euros ...Keith said:<BR/>...aint looking too bad...so are Euros "<BR/><BR/>Careful Keith, <BR/>You dont want to offend all the loser Euro haters on this blog.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75238341329688299612008-01-18T04:08:00.000+00:002008-01-18T04:08:00.000+00:00Mostly through Peter Schiff "Crash Proof". SUPERB ...Mostly through Peter Schiff "Crash Proof". SUPERB book. Should be REQUIRED reading in ECON 101. I worked for WFC and have some insights....what a debacle has been<BR/>delivered upon the American public.<BR/>It's time to correct the problem.<BR/>No more apathy.rufus10https://www.blogger.com/profile/09201630089726563002noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77212758549512347912008-01-18T04:05:00.000+00:002008-01-18T04:05:00.000+00:00My take:1. Decline in RSX may signal the end of th...My take:<BR/><BR/>1. Decline in RSX may signal the end of the commoditties run. It was fun, but it had to end. $100/barrel was crazy.<BR/><BR/>2. Gold, besides "an inflation hedge" is also a lot of many other things - like a commoditty, an industrial material, etc. Thus, it can be in a speculative run up as well. My bet is that it is in fact the case, and gold will fall. The reason is the huge number of radio commercials peddling gold to the J6P. Run away from everything that the J6P knows about.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2299160058120600502008-01-18T03:55:00.000+00:002008-01-18T03:55:00.000+00:00I’m not an expert, so my advice isn’t any better t...I’m not an expert, so my advice isn’t any better than anyone else, but here are my thoughts:<BR/><BR/>The weakening of the $ is important, but it is only important if you travel out of the US, or buy a lot of foreign goods. (gas included, but that’s not something you can do anything about)<BR/><BR/>No, you are no expert. The fed made this argument in front of congress. Vertually every expert or economist pointed out their stupidity. I don't need to do it here. Try to remember a doller is a container designed to hold or preserve wealth. The fed has blown a thousand holes in it and will continue to do so. Experts, are familiar with the various containers that hold wealth. Most select containers that are slightly more scure than the titanic. <BR/>Signed Amerika.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49432041573711296412008-01-18T03:30:00.000+00:002008-01-18T03:30:00.000+00:00Dubya Shrub + Penis Shooter = "Little Boy" + "Fat ...Dubya Shrub + Penis Shooter = "Little Boy" + "Fat Man"<BR/><BR/>This nation and its Americano citizen is as toasted as a snapper turtle skewered on a stick from head to ass all sizzling, juices dripping, fat popping over a bed of white hot charcoal grill.<BR/><BR/>Americano = Grilled Snapper Turtle<BR/><BR/>Heeeee... Haaaaa... Arrrrr...<BR/><BR/>So, tell me, does the average Americano take it enough in the butt yet by the forceful penetration of "Little Boy" + "Fat Man", or do you want more "Enter The Dragon" ?<BR/><BR/>Americano = Being Entered By The Dragon up the Kazook<BR/><BR/>Heeeee... Haaaaa... Arrrrr...AndrewHachttps://www.blogger.com/profile/05114474456963405679noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10403474190595709562008-01-18T03:19:00.000+00:002008-01-18T03:19:00.000+00:00Cash has been my king since August...But dopes sai...Cash has been my king since August...But dopes said I was on Dope...Billhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71519137735401553262008-01-18T03:04:00.000+00:002008-01-18T03:04:00.000+00:00Great synopses Malcolm. Right on the money. Thanks...Great synopses Malcolm. Right on the money. Thanks for taking the time to post!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41511290949537543452008-01-18T02:44:00.000+00:002008-01-18T02:44:00.000+00:00Gold being down is not unexpected, whenever the ma...Gold being down is not unexpected, whenever the major markets tank people sell their gold to cover their losing positions. It'll be back over $900 in no time.<BR/><BR/>Keith, thanks for putting it all so succinctly. Our neighbors are seeing their home values fall to less than they are worth, their 401K value drop 20%, and the dollars in their pockets lose money every day.<BR/><BR/>I'm glad that I am long in gold, Chinese RMB and Swiss Franc. Weeeeeeeeee!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-94433140553362022008-01-18T02:07:00.000+00:002008-01-18T02:07:00.000+00:00I would also recommend keeping cash in safe in you...I would also recommend keeping cash in safe in your house. Just enough to get you buy for a short time. Be creative as to where to store it.<BR/><BR/>We may be FDIC insured up to $100k. However they may not immediately redeem our deposits.<BR/><BR/>and WE need cash to exchange for goods and services, basically our daily living expenses! CYA...Princess Mononokehttps://www.blogger.com/profile/11062180421571379213noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29028092768551272372008-01-18T02:03:00.001+00:002008-01-18T02:03:00.001+00:00Anonymous said...>>>Buffet: Not smart.January 17, ...Anonymous said...<BR/>>>>Buffet: Not smart.<BR/>January 17, 2008 11:11 PM<BR/>==================<BR/><BR/>Hhhmm... on the contrary! This man does NOT make a move unless he is absolutely certain of the result he wants to achieve. In the BofA scenario, I'm sure Buffet could use a write-off.Princess Mononokehttps://www.blogger.com/profile/11062180421571379213noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72587381867277249462008-01-18T02:03:00.000+00:002008-01-18T02:03:00.000+00:00"Take a little while to develop? I bought it at 72..."Take a little while to develop? I bought it at 72, what did you pay today?"<BR/><BR/>Good for you! But as long as the buffet is open it's worth showing up. Too bad I'm not a genius like you but I try.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54140647621355387782008-01-18T01:44:00.000+00:002008-01-18T01:44:00.000+00:00Thank You HPYou kept me from buying a house in 200...Thank You HP<BR/><BR/>You kept me from buying a house in 2006!<BR/><BR/>You kept me from holding equities into 2008!<BR/><BR/>Keith - I appreciate your acknowledgment that you don't quite know what to do with investments right now.<BR/><BR/>I am very concerned about Gold though. It FEELS like a BUBBLE. EVERYONE in on the trade. It is DIFFERENT. Can only go up, way way up....<BR/><BR/>We know how this ends!<BR/><BR/>As for me, CASH. It will weather the DEFLATION the best.<BR/><BR/>When the velocity of money slow - CASH is KING!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47965816234751821792008-01-18T01:33:00.000+00:002008-01-18T01:33:00.000+00:00AMTEX says:I would have never made any of these mo...AMTEX says:<BR/><BR/>I would have never made any of these moves, let alone all three, without this blog.<BR/><BR/>THANK YOU....THANK YOU...a million times I THANK YOU!!<BR/>______________________________<BR/><BR/>WINGS says: <BR/><BR/>God bless you my son. You are welcome child. Go forth and prosper. <BR/><BR/>Go forth and be fruitful and multiply for the world needs more commonsensical persons such as yourself.<BR/><BR/>Avoid Gucci and fake Rolex's my brother.<BR/><BR/>Peace be upon you, shala akbar kadooki.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59321525717120157522008-01-18T01:29:00.000+00:002008-01-18T01:29:00.000+00:00Hey HPers:...It's spelled "BUFFETT" with two t's.....Hey HPers:<BR/>.<BR/>.<BR/>.<BR/>It's spelled "BUFFETT" with two t's.<BR/>.<BR/>.<BR/>.<BR/>He's not lookin' so smart, hanging on to BofA after they dropped $2B on CFC.<BR/>.<BR/>.<BR/>.<BR/>Soros dropped them like a hot potato when he heard that.<BR/>.<BR/>.<BR/>.<BR/>We won't know how Buffet(t) reacted to their outright purchase of CFC for a few months.<BR/>.<BR/>.<BR/>.<BR/>But we know he was hella not interested in CFC when the rumors were flying that he was gonna buy them.<BR/>.<BR/>.<BR/>.<BR/>DOPES!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87730149166455320252008-01-18T01:15:00.000+00:002008-01-18T01:15:00.000+00:00Hey HP'ers:...Ya know what I call DOW/NASDAQ/S&P ...Hey HP'ers:<BR/>.<BR/>.<BR/>.<BR/>Ya know what I call DOW/NASDAQ/S&P "crash"?<BR/>.<BR/>.<BR/>.<BR/>S&P RSI @ 28.9<BR/>DOW RSI @ 29.8<BR/>NASDAQ RSI @ 28.7<BR/>.<BR/>.<BR/>.<BR/>MAJOR oversold condition.<BR/>.<BR/>.<BR/>.<BR/>I call it buying opportunity.<BR/>.<BR/>.<BR/>.<BR/>Besides that, why would you hold cash if inflation is 10,000% like you idiots all believe?<BR/>.<BR/>.<BR/>.<BR/>DOPES!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51576332346899942802008-01-18T00:18:00.000+00:002008-01-18T00:18:00.000+00:00Thank you Housing Panic! I had a long history of ...Thank you Housing Panic! I had a long history of bad financial moves until I found this blog.<BR/><BR/>I sold my overpriced house in south FL. in 2005 for a large profit and now rent for less than half the carrying costs. Prices are below where I sold so I will wait a while and then buy back in for cheap.<BR/><BR/>I took the profits and bought gold at $400...I am so far up I can cash in some and let the rest ride for a while.<BR/><BR/>The trifecta? I listened to you people and got out of the stock market in early June 2007 when it was 13750. Put that money in a 6% CD. That move saved me almost $100,000 so far!<BR/><BR/>I would have never made any of these moves, let alone all three, without this blog.<BR/><BR/>THANK YOU....THANK YOU...a million times I THANK YOU!!Unknownhttps://www.blogger.com/profile/10602004656204639734noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88672927080442582912008-01-17T23:55:00.000+00:002008-01-17T23:55:00.000+00:00"Look at the charts for goog, aapl, brk-a, stp, ew..."Look at the charts for goog, aapl, brk-a, stp, ewz, rsx and, well, everything<BR/><BR/>we're oversold, but that doesn't mean it can't go lower"<BR/><BR/>Oversold!? Stick to housing Keith!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45224171420377118222008-01-17T23:54:00.000+00:002008-01-17T23:54:00.000+00:00Buy Yen as the carry trade continues to unwindind ...Buy Yen as the carry trade continues to unwindind and leverage gets cutAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12636931957689396132008-01-17T23:53:00.000+00:002008-01-17T23:53:00.000+00:00"I took a short position in commercial real estate..."I took a short position in commercial real estate(SRS)today. It may take a little while to develop but the malls and office space will likely get hit soon."<BR/><BR/>Take a little while to develop? I bought it at 72, what did you pay today?Anonymousnoreply@blogger.com