Wall Street Breakfast: Must-Know News [View article]
The fact is most consumers aren't as rational as you when it comes to buying a car. Once gas is $4 again, which will happen quickly, they will flock to fuel efficient vehicles in droves.
Last summer you had people taking $10-20K losses on big SUV's so they could buy an Accord, not considering that their approach would not pay for itself within YEARS.
On May 19 09:42 AM sidestick wrote:
> The article mentioned the increased cost of a car as $1300 by 2016. > Will the savings in gas offset that $1300? Or will you pay even less > for car and gas combined, thus making the more fuel efficient car > less expensive over a lifetime than a car that only gets 20 mpg? > How about some real comparisons, please?
You lost credibility at swine flu. Now hurry, run for your life!!!!
On May 01 10:57 PM Gaucho wrote:
> Based on what fundamentals? > > Consumers ability to spend. > The unemployment rate. > Balanced budget. > Manufacturing investment. > Housing market. > Exports. > Price of oil now and future. > GDP > > I could never understand the rally in the market. I could never understand > the doubling of GS. All of this does not make sense and yet the authors > explination does. > > BTW gold has been manipulated way below where it should be. Buy the > metal and not the ETF since the government will take the EFT and > give you worthless dollars when it gets ugly. > > Another BTW if this swine flu really gets going then you can kiss > the economy goodby. As if it wasn't done already.
Home Prices May Be Nearing Bottom, Bank Equities to Follow? [View article]
I think we're at a bottom, and the 100% negative comments are a nice indicator.
Here in Phoenix the suburbs are seeing homes sell at 1999-2000 prices. Tell me the pendelum hasn't swung too far...
When properties, res/commercial, are selling at half replacement cost, I'm sorry but that's a deal. While you guys are crying about how we have 50% more to go, the smart money will be picking up steals. And when the inflation hits that IS GOING TO HAPPEN, this will all be a memory. Low prices AND low rates.
Now kick back and keep renting if you wish, but in reality we're bouncing along the bottom.
One last thing: Just watch after Obama is inaugurated. A new housing bill will suddenly come about, and consumer sentiment will rise, and the following turn in events will shock 99% of the population. Banks are only adding to balance sheets because of the requirement to match foreclosed loan balances, but once the inventory starts diminishing and the flood gates open, look out.
Wall Street Breakfast: Must-Know News [View article]
Last summer you had people taking $10-20K losses on big SUV's so they could buy an Accord, not considering that their approach would not pay for itself within YEARS.
On May 19 09:42 AM sidestick wrote:
> The article mentioned the increased cost of a car as $1300 by 2016.
> Will the savings in gas offset that $1300? Or will you pay even less
> for car and gas combined, thus making the more fuel efficient car
> less expensive over a lifetime than a car that only gets 20 mpg?
> How about some real comparisons, please?
Why This Rally Is Unsustainable [View article]
Schmuck you are.
On May 02 01:53 PM sickofthehype wrote:
> You lost credibility at swine flu. Now hurry, run for your life!!!!
>
Why This Rally Is Unsustainable [View article]
On May 01 10:57 PM Gaucho wrote:
> Based on what fundamentals?
>
> Consumers ability to spend.
> The unemployment rate.
> Balanced budget.
> Manufacturing investment.
> Housing market.
> Exports.
> Price of oil now and future.
> GDP
>
> I could never understand the rally in the market. I could never understand
> the doubling of GS. All of this does not make sense and yet the authors
> explination does.
>
> BTW gold has been manipulated way below where it should be. Buy the
> metal and not the ETF since the government will take the EFT and
> give you worthless dollars when it gets ugly.
>
> Another BTW if this swine flu really gets going then you can kiss
> the economy goodby. As if it wasn't done already.
Home Prices May Be Nearing Bottom, Bank Equities to Follow? [View article]
On Jan 14 10:52 PM WAKEUP wrote:
> sickofthehype, are you perhaps (!) a real estate agent, or somehow
> tied into the real estate market? (Hmmmmmmm?) Never mind. We know,
> already.
Home Prices May Be Nearing Bottom, Bank Equities to Follow? [View article]
Here in Phoenix the suburbs are seeing homes sell at 1999-2000 prices. Tell me the pendelum hasn't swung too far...
When properties, res/commercial, are selling at half replacement cost, I'm sorry but that's a deal. While you guys are crying about how we have 50% more to go, the smart money will be picking up steals. And when the inflation hits that IS GOING TO HAPPEN, this will all be a memory. Low prices AND low rates.
Now kick back and keep renting if you wish, but in reality we're bouncing along the bottom.
One last thing: Just watch after Obama is inaugurated. A new housing bill will suddenly come about, and consumer sentiment will rise, and the following turn in events will shock 99% of the population. Banks are only adding to balance sheets because of the requirement to match foreclosed loan balances, but once the inventory starts diminishing and the flood gates open, look out.
Don't let the sky hit you on the head.