Home › Forums › Financial Markets/Economics › Squat250 calling a TOP…
- This topic has 38 replies, 14 voices, and was last updated 11 years, 10 months ago by
spdrun.
-
AuthorPosts
-
September 5, 2012 at 9:12 PM #20107September 6, 2012 at 3:23 AM #751168
moneymaker
ParticipantA top to what? I’m saying sunny till the election is over…then?
September 6, 2012 at 7:22 AM #751171scaredyclassic
Participantno. today. the stock market. based on one data point.
September 6, 2012 at 7:29 AM #751173desmond
ParticipantYou picked a bad day for that call.
September 6, 2012 at 10:05 AM #751183Huckleberry
ParticipantSeriously bad call…
Glad I went to opposite direction and bought calls!
September 6, 2012 at 10:22 AM #751185Coronita
ParticipantI think we’ll get a nice ride up. I think dumb money is moving back into equity after figuring out cd rates and savings rate are going to remain pathetically low.
September 6, 2012 at 10:25 AM #751186spdrun
Participant…as are dividends on any stable stocks. But hey, if it keeps money out of real-estate, that’s a good thing.
This being said, here’s hoping for DOW 8000 after an Obama win! *clink*
September 6, 2012 at 10:31 AM #751187Diego Mamani
ParticipantI tend to agree with Squat250 on this… today may not be the absolute peak, but we’re probably within 5%-10% of the peak for 2011-2013.
His senior citizen relative is buying high, unfortunately, and when the market turns down in a few weeks or months, he/she will panic and sell low.
September 6, 2012 at 10:54 AM #751188briansd1
GuestS&P is at 4 year high.
Are we better off than we were 4 years ago? I think so.
September 6, 2012 at 11:11 AM #751190Coronita
Participanti hope that we see a rally for the next 2 weeks, and hope do a major short squeeze damage. ECB action seems to be helping sentiments.
September 6, 2012 at 1:01 PM #751199desmond
Participant[quote=briansd1]S&P is at 4 year high.
Are we better off than we were 4 years ago? I think so.[/quote]
Glad to see your back to your old ways of screwing up every topic with your political comments, I thought you had a time out and learned your lesson.
September 6, 2012 at 1:32 PM #751200briansd1
GuestPolitics? I’m talking economics on this thread.
Home prices are up. The stock market is up.
Along the coast, in places like Carmel Valley, Laguna Niguel, etc.. prices have recovered and are just below peak levels.
Our portfolios are doing better than 4 years ago, no?
September 6, 2012 at 3:28 PM #751202UCGal
Participant[quote=briansd1]S&P is at 4 year high.
Are we better off than we were 4 years ago? I think so.[/quote]
You’re confusing the stock market with the broader economy.
Keep in mind that the middle income earners (40th to 60th percentile) had a median net worth of $65,900. That includes any equity in their house.
http://abcnews.go.com/blogs/business/2012/06/family-net-worth-down-to-early-90s-level/
Not everyone has money invested in the stock market. Piggs are not typical.
September 7, 2012 at 1:58 PM #751240briansd1
GuestGood point UCgal.
The stock market has been good to capitalists and pension funds. Capitalists don’t have much to complain about.
The stabilizing of home values is good for household wealth and consumer confidence. And consumer confidence translates to a better economy. It’s all interrelated.
September 7, 2012 at 2:15 PM #751242spdrun
ParticipantThe good news about home values is that REOs are just starting to hit the market again in the NYC/NJ area.
Just got back from looking at a decent bank-owned duplex offered for $120k, needing maybe $20k of work, and capping out at between 8% and 9% in the end.
-
AuthorPosts
- You must be logged in to reply to this topic.