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enigmaman

enigmaman
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  • Weekly Market Update - August 22nd, The FED And EARNINGS, Amidst A Strong Dollar And Weak Crude Oil [View article]
    Yes for higher priced homes its the same on the east gold coast, I neglected to say why the 300K and less are super hot, its because rents have gone through the roof and so ownership is perceived as better value because payments end up less then rental costs, so for first time owners or first time move ups the market is very tight
    Aug 27, 2015. 07:41 AM | Likes Like |Link to Comment
  • Weekly Market Update - August 22nd, The FED And EARNINGS, Amidst A Strong Dollar And Weak Crude Oil [View article]
    Just look at the headlines, couple days ago " Biggest market decline since 2011" then today " biggest market advance since 2011" and so what are these headlines really saying??? Absolutely nothing, its not about Cramer, Saut, MSNBC etc,. the fact is nobody knows what tomorrow will bring, its all a guess, not even educated. Reality is world economies are just getting by, USA doing better but far from great, despite some positive numbers. We are at the precipice, we either grope our way out of this fiscal quicksand or we sink further into it, all eyes should be on DC, whomever gets elected will surely help determine if we sink or swim.

    On the front lines in S Florida the real estate market is crazy hot for home listings under 300K, why? its not because as so many want to and believe thatthe shortage is because we are in another bubble, far from it, there is a shortage of homes for sale because most owners are just happy to be back in positive equity territory and continue paying down debt not because they feel strong but because they are scared and dont feel confident in the economy to take a chance to move up buying a bigger home.

    Forget what the financial wonks say, its almost total BS, you would be better served looking in and around your own neighborhood. You can slice and dice the numbers anyway you want to prove your case but reality is just look at whats happening around you to see the future.
    Aug 26, 2015. 04:42 PM | Likes Like |Link to Comment
  • The Case For A 300-500 Point Correction In The S&P 500 - And Still A 'Secular Bull' [View article]
    Rollover Beethoven
    Aug 24, 2015. 02:55 PM | 2 Likes Like |Link to Comment
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #80 [View instapost]
    yes by days end we probably will be off the lows but the ? is who knows what or how low the close will be. Right now looks like going to be very ugly, if its mostly China related cooler heads may prevail because its a known quantity so to speak but if its "whats next after China" who knows where we end up?
    Aug 24, 2015. 09:18 AM | 2 Likes Like |Link to Comment
  • The Case For A 300-500 Point Correction In The S&P 500 - And Still A 'Secular Bull' [View article]
    exactly, goes to the point of " six degrees of separation" it is lunacy for anybody to believe their will be a safe haven once any major over leveraged under performing industry begins to contract, whether its 1 trillion or 2 will not matter, the ripple affect will be felt throughout the economy and the world because we are all linked in one way or another and in ways many of us never considered. Just look at the past dotcom bubble market collapse, the real estate bubble collapse, its was a blast until it blew up and caught just about everybody by surprise and leading right up to both we were told "not to worry it only represents 1-2% of the over all industry. So don't be fooled by the type of debt or the quality of the rating (remember triple a on MBS" it all matters
    Aug 23, 2015. 08:15 AM | Likes Like |Link to Comment
  • The Case For A 300-500 Point Correction In The S&P 500 - And Still A 'Secular Bull' [View article]
    the last 20 yrs, especially the past 7 years the world has been financially chaotic, after trillions of capital infusion by multiple countries following our lead every single one has faltering economies and worse signs of deflation including the USA. China economy was and is the focal point of concern for a ripple affect throughout the world, because they make so much of the worlds stuff and the real concern is so goes China goes everybody else. What we already knew before and know now is "throwing good money after bad" is not and has never been the answer, except for politicians with little lose. There is a difference between just keeping busy by spending other peoples money to keep busy and letting business grow business for real to stimulate the economy, China found that out by building entire empty ghost cities, the proverbial " laborer carry the 2x4 around looking busy and doing nothing" , and now its caught up with them. Look at NY city the social get something for nothing welfare capital of the USA as example, unlike China, instead of building ghost cities creating jobs instead they decided to over tax and regulate to death city businesses for social/welfare benefit believing the gravy train would continue. Instead they drove businesses out to other more accommodating states/cities until they had little business money left to collect to support its social/welfare programs. Then in a completely hypocritical move they do 180 degree turn around running ads to lure businesses back to NY with Tax free status for ten years. Its insane what our elected officials are doing but that's why the USA and world is in financial chaos, the USA doesn't have a lock on political ineptness, the world follows our current reluctant misguided leadership. Until the USA leads again with proven fiscal intelligence we will be dogged by this current chaotic financial quagmire and it will be difficult if not impossible for investors to do anything but hang on to what they already have let along grow.

    "People only accept change when they are faced with necessity and only recognize necessity when crisis is upon them" Jean Monnet
    Aug 22, 2015. 09:30 AM | 2 Likes Like |Link to Comment
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #80 [View instapost]
    would you be looking to any specific indicator to watch for signs
    Aug 21, 2015. 02:39 PM | Likes Like |Link to Comment
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #80 [View instapost]
    Yes very valid points as usual, what signs would one look for to see the ominous conditions you think lie ahead. With the banking implosion in hind sight one just had to look at the furor over real estate and those ill equipped to buy who were being approved to know problems existed, as with current energy, but know one knew when the bottom would fall out until it did. The one warning sign was Lehmans collapse, the first domino to fall then all other followed, I would assume the same for the energy sector, your thoughts
    Aug 21, 2015. 01:14 PM | Likes Like |Link to Comment
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #80 [View instapost]
    Hi Tack, long time, this market action not surprising considering the struggling world economies including USA which is making headway but at great expense. IMO selling today on same news but want to sell ahead of the weekend so not to worry about what else might come by Monday. For investors there is no place to hide, so hang on and ride it out and get ready to make adjustments if needed.
    Aug 21, 2015. 11:05 AM | Likes Like |Link to Comment
  • Are We Crying Wolf Again? The Bear Is At Peter's Door This Time, So Raise Cash And Prepare To Protect [View article]
    Check out this chart overlay of the 29 crash and the expected 2014 crash to find strong comparisons if you can http://bit.ly/1lRMt54
    Jul 8, 2014. 04:00 PM | Likes Like |Link to Comment
  • Here's How Housing Bubble 2.0 Becomes Housing Crash 2.0 [View article]
    Retired- living the housing bubble all over again in your mind
    Mar 28, 2014. 06:47 PM | 1 Like Like |Link to Comment
  • Here's How Housing Bubble 2.0 Becomes Housing Crash 2.0 [View article]
    dw-can you provide the links to substantiate institutions buying up entire tracts of new homes. Ive not heard of this being done as practice, maybe an isolated incident but not common.

    The reason institutions have curtailed buying is because they can no longer buy properties at the discounts they need to insure the ROI they require, they have said as much, which has less to do with their experiencing low demand, and more to do with knowing when to pause so they do not experience low demand.

    In fact institutions that are buying have become very selective in what they are now buying, for instance many are now will only buy homes built after 1985, CBS construction and only single family detached homes priced 150K+. Instead of buying anything and everything now they are looking for what is most in demand which is smart because they want to own what the bulk of buyers want, they will hold, rent and flip these when they feel the market is weighted more on there side. They want to control the market and they will by buying what they feel the market will one day want.
    Mar 21, 2014. 07:42 PM | 1 Like Like |Link to Comment
  • Here's How Housing Bubble 2.0 Becomes Housing Crash 2.0 [View article]
    Real estate market has been and continues to be on the mend, yes investors have helped the market rebound but at the same time those same cash investors have impeded, crowded out many 1st time home buyers ability to purchase a home. So as one segment of the market pulls back (investor) another will move in to try and fill the resulting void (1st time and others). For a time prices will pull back and so more non investors will then have an opportunity to purchase that they didn't have before. Those with sub prime credit are down but not out, there are financing options for them, even those that have had short sales, REO etc. its not easy for them but it shouldn't be. Mortgage financing has tightened which is a good thing so we wont re visit at least anytime soon the crazy days of fogging the mirror and your approved. For the author to call attention to another "bubble" was extreme, a pull back OK, but bubble no way. BTW- many of those same institutional investors that are curtailing their purchases have also said they will wait for a pull back before resuming the purchase of homes. So in affect any slow down in housing will be temporary.
    Mar 21, 2014. 04:53 PM | Likes Like |Link to Comment
  • Why Groupon Tanked And Might Continue To Do So [View article]
    you said "The name of the game in this market is revenue growth. If you can show 30%-40% revenue growth year-over-year, then for some reason (that I do not understand), the market rewards your stock handsomely (in fact, you make out like a bandit)."

    Stocks are bid up on its revenue growth because of expectations of profits to follow.

    Since GRPN missed earning expectations and projections for revenue fell short Investors decided it was time to take profits.

    Its all does seem to make sense.
    Feb 23, 2014. 08:58 AM | Likes Like |Link to Comment
  • Yes, The Nasdaq Bubble Is Definitely Here [View article]
    Interesting, like moths to a flame.
    Feb 21, 2014. 12:38 PM | Likes Like |Link to Comment
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