tag:blogger.com,1999:blog-18675105.post9035139091929096459..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: "It's snowballing"bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger56125tag:blogger.com,1999:blog-18675105.post-26972328040035951452007-03-06T22:44:00.000+00:002007-03-06T22:44:00.000+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75208146385881275842007-03-06T19:55:00.000+00:002007-03-06T19:55:00.000+00:00March 06, 2007 7:20 PMOK, your a spelling critic. ...March 06, 2007 7:20 PM<BR/><BR/>OK, your a spelling critic. Enough already. Relax a little, it's an informal blog not a term paper.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7306943914630047292007-03-06T19:20:00.000+00:002007-03-06T19:20:00.000+00:00Tell me how much a formal education has saved thos...<B>Tell me how much a formal education has saved those people that are losing there homes to foreclosure right now. </B><BR/><BR/>Geez man there you go again. Another display of your lack of education.<BR/><BR/><B>There</B> homes? No my renting friend. It is <B>their</B> homes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59405527402749304792007-03-06T15:39:00.000+00:002007-03-06T15:39:00.000+00:00Somewhat in response to Oracle at March 06, 2007 1...Somewhat in response to Oracle at March 06, 2007 12:27 AM.<BR/><BR/>Names don't matter, but I worked for a large company right out of college. The stock was flying high at the time and all in the office maxed out their employee purchase, 401k buys and outside money to obtain this stock. I am the only one in the office who did not follow suit. I was called the fool because I was missing out on the gains. To make a long story short, the stock tanked many lost large values in their 401k forcing them to postpone their retirement. Needless to say I didn't, and don't, have much to worry about. No regrets either. I think its a good idea to opt out of mania's and be a spectator at that point. When everyone is telling me to buy, I'll sell. That's just me...and my money. Good post.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83317820145166681702007-03-06T15:31:00.000+00:002007-03-06T15:31:00.000+00:00Hey weak minded person - you keep that in mind whe...Hey weak minded person - you keep that in mind when you make your comments. <BR/><BR/>Tell me how much a formal education has saved those people that are losing there homes to foreclosure right now. <BR/><BR/>I suppose only people that take time to proofread their comments closely, have enough common sense to avoid the pitfalls and traps of ARMS and easy credit?<BR/><BR/>Someone needs to hold your hand through life, because you don't have enough common sense to fill a thimble.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36428946297511982582007-03-06T06:08:00.000+00:002007-03-06T06:08:00.000+00:00For those that took the bait, your weak minded. OK...<B>For those that took the bait, your weak minded. </B><BR/><BR/>OK I'm weak minded. However I do know the difference between your and you're. <BR/><BR/>Yet another tell of the lack of formal education by the regulars here.<BR/><BR/>How's that gold treating you these days by the way?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80891177449365851612007-03-06T03:46:00.000+00:002007-03-06T03:46:00.000+00:00Always remember when you can't sell what you want ...Always remember when you can't sell what you want to, you have to sell what you don't want(gold)to . Gold will be back, rest assured.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71356953496245248282007-03-06T01:08:00.000+00:002007-03-06T01:08:00.000+00:00With all the subslime lenders closing, will Biff a...With all the subslime lenders closing, will Biff and Chad be making sandwiches at Subway again? Will the Escalade and H2 with spinner rims be repo'd soon?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55292587075218834332007-03-06T00:27:00.000+00:002007-03-06T00:27:00.000+00:00Never buy at or near the top of bubbles. It can ta...Never buy at or near the top of bubbles. It can take decades to recover your losses. The NASDAQ is less than half of it's peak in March 2000 even with all the inflation and rates going to 1%<BR/><BR/>Will CSCO ever reach $82 again? Probably not for another 50 years. Will that ugly shack in Compton ever sell for $400K again? Maybe $400K pesos because SoCal will be a part of Mexico in 20 years.<BR/><BR/>We renters are like the "idiots" back in 1999-2000 who had our money in T-Bills or long term CD's while all the "geniuses" were buying dotcoms and making a fortune on paper. In the end most of the went broke while the "idiots" steadily increased our wealth. <BR/><BR/>Remember to always buy low and sell high. When the government is talking about a bailout of Countrywide and WaMu, that is when you buy a house in a foreclosure auction.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10141845137238486102007-03-06T00:07:00.000+00:002007-03-06T00:07:00.000+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3566163011664307262007-03-05T23:55:00.000+00:002007-03-05T23:55:00.000+00:00Fund selling to meet margin calls, not fundamental...<B>Fund selling to meet margin calls, not fundamentals. Good oppportunity to accumulate some gold stocks while the price is low. And, no, I am not a gold bug.</B><BR/><BR/>Sounds suspiciously like what a realtor told me that now is a good time to buy a home since prices are low.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21488792318904957342007-03-05T23:51:00.000+00:002007-03-05T23:51:00.000+00:00Some troll pulls a number out of his ass, i.e. 100...Some troll pulls a number out of his ass, i.e. 1000 points and several take the bait. For those that took the bait, your weak minded. <BR/><BR/>Here's some more bait for you and this is easily verifiable. The DOW is DOWN EIGHT OF THE LAST NINE trading sessions. <BR/><BR/>If you think that isn't significant, try to find out the last time that happened.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83472552894054354632007-03-05T22:44:00.000+00:002007-03-05T22:44:00.000+00:00Dow down 64, Naz down 27Naz? WTF? Who are you peop...<B>Dow down 64, Naz down 27</B><BR/><BR/>Naz? WTF? Who are you people? Last time I heard nasdaq refered to as naz was 10 years ago.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36456660777342540892007-03-05T22:37:00.000+00:002007-03-05T22:37:00.000+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39086643469521648092007-03-05T22:26:00.001+00:002007-03-05T22:26:00.001+00:00LEND down another 25% todayNEW down another 69% to...LEND down another 25% today<BR/>NEW down another 69% today<BR/>FMT down another 32% today<BR/>CFC down another 5% today<BR/><BR/>Blood in the streetsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15426508237415911862007-03-05T22:26:00.000+00:002007-03-05T22:26:00.000+00:00It does look very ugly- in the end it could match ...It does look very ugly- in the end it could match the worse case doomsday scenario the most pessimistic many have spoken for so long here. Grim.<BR/><BR/>The question is -whats next? Scary.sleepershiphttps://www.blogger.com/profile/18164040606411038826noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51894641069207971862007-03-05T22:25:00.000+00:002007-03-05T22:25:00.000+00:00>>GOLD AND SILVER ARE HAVING A FIRE SALE Fund sell...>>GOLD AND SILVER ARE HAVING A FIRE SALE <<<BR/><BR/>Fund selling to meet margin calls, not fundamentals. Good oppportunity to accumulate some gold stocks while the price is low. And, no, I am not a gold bug.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51819779459740423662007-03-05T22:19:00.000+00:002007-03-05T22:19:00.000+00:00Dow down 64, Naz down 27. And this, remember, was ...Dow down 64, Naz down 27. And this, remember, was after an arm-wrestling match between the bulls and bears after a heavy week of selloffs.<BR/><BR/>Stocks soared suddenly in the morning, possibly due to big money intervention, but lost it all by the end of the day. No, there couldn't be anything wrong now, could there?!<BR/><BR/>All the bubble deniers can do is mock one guy's hyperbole.<BR/><BR/>Losers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69722979962626447452007-03-05T22:01:00.000+00:002007-03-05T22:01:00.000+00:00Anonymous said... 1000 points down today is not...<I> Anonymous said...<BR/><BR/> 1000 points down today is not a stretch... <BR/><BR/>In russian: Большой откат</I><BR/><BR/>I dont know Russian but I assume it must mean Bull S#$t.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34605211427300203072007-03-05T21:45:00.000+00:002007-03-05T21:45:00.000+00:00``1000 points down today is not a stretch''Apparen...``1000 points down today is not a stretch''<BR/><BR/>Apparently the market didn't agree with you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91798784929843738412007-03-05T21:29:00.000+00:002007-03-05T21:29:00.000+00:00Totally enjoyable DOW/Naz meltdown. WAY OVERDUE to...Totally enjoyable DOW/Naz meltdown. WAY OVERDUE too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85561261005228667382007-03-05T21:12:00.000+00:002007-03-05T21:12:00.000+00:00But, but, but......my realtor said my home would n...But, but, but......my realtor said my home would never decline in value. LOL LOL LOLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75071437387087191132007-03-05T20:58:00.000+00:002007-03-05T20:58:00.000+00:00My Fangs are out in full force - love the smell of...My Fangs are out in full force - love the smell of a market crash in the morning - I LIVE for this stuff. . .holding cash and renting. . .waiting to pick up some nice blue chips at 1/2 off. . .PPT tried in vain today to prop up the DOW, but they were foiled by foreign cash fleeing!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63970196873527035812007-03-05T20:57:00.000+00:002007-03-05T20:57:00.000+00:00STOP RIGHT THERE MISTER!!!One of the federal reser...STOP RIGHT THERE MISTER!!!<BR/><BR/>One of the federal reserve presidents said we won't have a recession:<BR/><BR/>SANTIAGO, March 5 (Reuters) - St. Louis Federal Reserve Bank President William Poole said on Monday he did not see a U.S. economic recession ahead and that financial markets seemingly agreed with this view.<BR/><BR/>"To me, and, I believe, the mainstream of forecasters both in government and out, we do not see a recession on the horizon," Poole, a voting member of the Fed's monetary policy-setting panel this year, said at an event staged in Santiago, Chile, by the Global Interdependence Center of the University of Pennsylvania.<BR/><BR/>"Moreover, beyond our own judgments on that as forecasters, I don't think that the markets see (a recession)," he added, saying futures markets betting on the course of U.S. interest rates had not shifted dramatically in recent days."<BR/><BR/>You see, anybody getting paid a lot of money, must be telling the truth. Otherwise why would they be getting paid so much money?<BR/><BR/>(Disclaimer: For those people that didn't catch it, this is called sarcasm.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36486956945067816552007-03-05T20:56:00.000+00:002007-03-05T20:56:00.000+00:00The key to financial succes is to diversify. Tril...The key to financial succes is to diversify. Trillions of dollars are moving around the global markets but they aren't moving out of the market. <BR/><BR/>Definately you don't want to be holding residential real estate if you bought in the last five years or have an ARM and HELOC you can't afford or the rent would not cover the costs. You must sell now!<BR/><BR/>I like to hold 50% cash, 20% bonds, 15% precious metals and 15% gold and precious metals (no residential real estate right now because I just sold in 2006). The older you are the less risk you should take in stocks and metals.<BR/><BR/>The time to put money under the mattress is when banks stop lending due to recession and major downturn in employment and business. This is what I fear if this housing crash continues to drag on. Sellers must lower prices this year and take there loss if any and move on. The residential real estate party is over.Anonymousnoreply@blogger.com