mlonz

Get Ready for $35 Billion More in Handouts

Hey EEB:

You are very sympathetic. I suppose you have offered some space in your home, some food from your pantry, and a hot shower to temporarily help out a few of the unfortunate.

Time to Take Profits?

Agreed, you can check out Prechter on weekend bloomberg. He makes great points about bullish/bearish sentiment indicators and Tops/bottoms. I think we're going down but I will only be able to hold my shorts for 10% at best.

Unemployment: Historical Chart Sends Scary Message

When You get 92 weeks of unemployment, is it any wonder that people stay unemployed longer? 92 Weeks???? That is F@#$ing ridiculous.

7 Economic Fallacies

You said, "government spending on goods and services is not really excessive."

Going to have to call you on that one.

Seven Reasons the Market Has Already Bottomed

The next 2 RE selling seasons will make it look like we have hit bottom. Being on the ground, I can see fewer properties being "given" away by the banks. Buyers are talking about the 8k tax break and are more optimistic. This will temporarily result in abating the panic selling. This will result in better numbers, and down the road, higher rates which will bring about the next move down in RE prices. We are going to experience a bear market Real Estate Rally that will last a minimum of 6 months, but could last 18-24 months.

The Bear Market Is Still Alive

Does it really matter if it is a new bull market or a bear market rally? Either way it would not be unusual to see a 25-35% up move in a few months. Look back at 2001-2002, there were several 20%+ moves higher.