Foreclosures coming soon to a neighborhood near you…?

[Reality]

With unemployment in this state at 11% (and possibly going even higher) it just blows my mind that folks are bidding on properties.

Give someone an $8,000 tax credit and they’ll overpay on a house by $80,000. Genius.

[Coronita]

[quote=JohnAlt91941]With unemployment in this state at 11% (and possibly going even higher) it just blows my mind that folks are bidding on properties.

Give someone an $8,000 tax credit and they’ll overpay on a house by $80,000. Genius.

[/quote]

Well, looking at it the other way, if 11% are unemployed, that means 89% either is employed or isn’t actively seeking employment 🙂

[Coronita]

[quote=JohnAlt91941]With unemployment in this state at 11% (and possibly going even higher) it just blows my mind that folks are bidding on properties.

Give someone an $8,000 tax credit and they’ll overpay on a house by $80,000. Genius.

[/quote]

Well, looking at it the other way, if 11% are unemployed, that means 89% either is employed or isn’t actively seeking employment 🙂

[Coronita]

[quote=JohnAlt91941]With unemployment in this state at 11% (and possibly going even higher) it just blows my mind that folks are bidding on properties.

Give someone an $8,000 tax credit and they’ll overpay on a house by $80,000. Genius.

[/quote]

Well, looking at it the other way, if 11% are unemployed, that means 89% either is employed or isn’t actively seeking employment 🙂

[Coronita]

[quote=JohnAlt91941]With unemployment in this state at 11% (and possibly going even higher) it just blows my mind that folks are bidding on properties.

Give someone an $8,000 tax credit and they’ll overpay on a house by $80,000. Genius.

[/quote]

Well, looking at it the other way, if 11% are unemployed, that means 89% either is employed or isn’t actively seeking employment 🙂

[Coronita]

[quote=JohnAlt91941]With unemployment in this state at 11% (and possibly going even higher) it just blows my mind that folks are bidding on properties.

Give someone an $8,000 tax credit and they’ll overpay on a house by $80,000. Genius.

[/quote]

Well, looking at it the other way, if 11% are unemployed, that means 89% either is employed or isn’t actively seeking employment 🙂

[LesBaer45]

[quote=temeculaguy]What happens after this wave?
……..
Exactly two months ago I sat in my backyard, drinking a 30 year old port, smoking a macanudo with some buddies and talked about my theories telling …
[/quote]

There’s your problem right there. Macanudos. Try something a little more adult, like a Padron, Nestor Mancina, or a Carlos Torano Signature Edition.

I didn’t have the stones to go with homebuilders nor did I catch the 3/8 bottom. I did finally jump 3/18 but went with a couple of financials, chemicals, industrials, rails, a biotech bet, and speaking of bets, a couple of casinos. I wanted AA and MTW but ran out of cash. I’m afraid that opportunity is gone.

I’m on the fence as to taking the money and run, or taking a dare and waiting till next year to qualify for the long term tax rate. This might just get me enough to finish the house pay off, which is the huge bet I’ve placed. Sure I’d like the porsche, but would really buy a S2000 before their gone. Instead I just want the house paid off before I get laid off. :{

It’s a gamble as I think the rise is only temporary, I can’t pick is it a 8 week run or an 8 month run, but I don’t think it’s a long term rally. I’m looking at trailing stops now as a way of protecting what I’ve gained.

I just don’t think the great “un-winding” of leverage is done nor will it go as smoothly as some would have you to believe.

Stay hard, wait for the inevitable pull back, next time set an entry point and follow it. Hell, it’s only money. 😉

[LesBaer45]

[quote=temeculaguy]What happens after this wave?
……..
Exactly two months ago I sat in my backyard, drinking a 30 year old port, smoking a macanudo with some buddies and talked about my theories telling …
[/quote]

There’s your problem right there. Macanudos. Try something a little more adult, like a Padron, Nestor Mancina, or a Carlos Torano Signature Edition.

I didn’t have the stones to go with homebuilders nor did I catch the 3/8 bottom. I did finally jump 3/18 but went with a couple of financials, chemicals, industrials, rails, a biotech bet, and speaking of bets, a couple of casinos. I wanted AA and MTW but ran out of cash. I’m afraid that opportunity is gone.

I’m on the fence as to taking the money and run, or taking a dare and waiting till next year to qualify for the long term tax rate. This might just get me enough to finish the house pay off, which is the huge bet I’ve placed. Sure I’d like the porsche, but would really buy a S2000 before their gone. Instead I just want the house paid off before I get laid off. :{

It’s a gamble as I think the rise is only temporary, I can’t pick is it a 8 week run or an 8 month run, but I don’t think it’s a long term rally. I’m looking at trailing stops now as a way of protecting what I’ve gained.

I just don’t think the great “un-winding” of leverage is done nor will it go as smoothly as some would have you to believe.

Stay hard, wait for the inevitable pull back, next time set an entry point and follow it. Hell, it’s only money. 😉

[LesBaer45]

[quote=temeculaguy]What happens after this wave?
……..
Exactly two months ago I sat in my backyard, drinking a 30 year old port, smoking a macanudo with some buddies and talked about my theories telling …
[/quote]

There’s your problem right there. Macanudos. Try something a little more adult, like a Padron, Nestor Mancina, or a Carlos Torano Signature Edition.

I didn’t have the stones to go with homebuilders nor did I catch the 3/8 bottom. I did finally jump 3/18 but went with a couple of financials, chemicals, industrials, rails, a biotech bet, and speaking of bets, a couple of casinos. I wanted AA and MTW but ran out of cash. I’m afraid that opportunity is gone.

I’m on the fence as to taking the money and run, or taking a dare and waiting till next year to qualify for the long term tax rate. This might just get me enough to finish the house pay off, which is the huge bet I’ve placed. Sure I’d like the porsche, but would really buy a S2000 before their gone. Instead I just want the house paid off before I get laid off. :{

It’s a gamble as I think the rise is only temporary, I can’t pick is it a 8 week run or an 8 month run, but I don’t think it’s a long term rally. I’m looking at trailing stops now as a way of protecting what I’ve gained.

I just don’t think the great “un-winding” of leverage is done nor will it go as smoothly as some would have you to believe.

Stay hard, wait for the inevitable pull back, next time set an entry point and follow it. Hell, it’s only money. 😉

[LesBaer45]

[quote=temeculaguy]What happens after this wave?
……..
Exactly two months ago I sat in my backyard, drinking a 30 year old port, smoking a macanudo with some buddies and talked about my theories telling …
[/quote]

There’s your problem right there. Macanudos. Try something a little more adult, like a Padron, Nestor Mancina, or a Carlos Torano Signature Edition.

I didn’t have the stones to go with homebuilders nor did I catch the 3/8 bottom. I did finally jump 3/18 but went with a couple of financials, chemicals, industrials, rails, a biotech bet, and speaking of bets, a couple of casinos. I wanted AA and MTW but ran out of cash. I’m afraid that opportunity is gone.

I’m on the fence as to taking the money and run, or taking a dare and waiting till next year to qualify for the long term tax rate. This might just get me enough to finish the house pay off, which is the huge bet I’ve placed. Sure I’d like the porsche, but would really buy a S2000 before their gone. Instead I just want the house paid off before I get laid off. :{

It’s a gamble as I think the rise is only temporary, I can’t pick is it a 8 week run or an 8 month run, but I don’t think it’s a long term rally. I’m looking at trailing stops now as a way of protecting what I’ve gained.

I just don’t think the great “un-winding” of leverage is done nor will it go as smoothly as some would have you to believe.

Stay hard, wait for the inevitable pull back, next time set an entry point and follow it. Hell, it’s only money. 😉

[LesBaer45]

[quote=temeculaguy]What happens after this wave?
……..
Exactly two months ago I sat in my backyard, drinking a 30 year old port, smoking a macanudo with some buddies and talked about my theories telling …
[/quote]

There’s your problem right there. Macanudos. Try something a little more adult, like a Padron, Nestor Mancina, or a Carlos Torano Signature Edition.

I didn’t have the stones to go with homebuilders nor did I catch the 3/8 bottom. I did finally jump 3/18 but went with a couple of financials, chemicals, industrials, rails, a biotech bet, and speaking of bets, a couple of casinos. I wanted AA and MTW but ran out of cash. I’m afraid that opportunity is gone.

I’m on the fence as to taking the money and run, or taking a dare and waiting till next year to qualify for the long term tax rate. This might just get me enough to finish the house pay off, which is the huge bet I’ve placed. Sure I’d like the porsche, but would really buy a S2000 before their gone. Instead I just want the house paid off before I get laid off. :{

It’s a gamble as I think the rise is only temporary, I can’t pick is it a 8 week run or an 8 month run, but I don’t think it’s a long term rally. I’m looking at trailing stops now as a way of protecting what I’ve gained.

I just don’t think the great “un-winding” of leverage is done nor will it go as smoothly as some would have you to believe.

Stay hard, wait for the inevitable pull back, next time set an entry point and follow it. Hell, it’s only money. 😉

[temeculaguy]

Good move les, by 3/18 I was waiting on the pullback that never came, now I’m envious of you for having stops at profit levels, that was my original plan, now I just play imaginary games in my head like i do when I buy lotto tickets. It’s so fun to play with house money, to either put a stop at 2x your invesment or sell half and then forget about it, I love “can’t lose” bets like that, just have to get the stones for the original jump. I’m gonna stay strong and wait for the next entry but I have my doubts if I will ever see it again. On the plus side, my legs now have amazing flexibility and strength from the repeated times I’ve kicked my own ass for being a wuus.

BTW, the macanudos were out because I was sharing with non cigar smokers, one time I gave an arturo fuente don carlos double robusto to a novice smoker and he took three puffs and snubbed it out on the ground, I cried. Now I keep some macs and rocky patels for sharing (and some flavored ones for the womenfolk), plus having really nice library cigar provides me too much pleasure to engage in meaningful analysis and discussion, I turn into a blob of contentment.

[temeculaguy]

Good move les, by 3/18 I was waiting on the pullback that never came, now I’m envious of you for having stops at profit levels, that was my original plan, now I just play imaginary games in my head like i do when I buy lotto tickets. It’s so fun to play with house money, to either put a stop at 2x your invesment or sell half and then forget about it, I love “can’t lose” bets like that, just have to get the stones for the original jump. I’m gonna stay strong and wait for the next entry but I have my doubts if I will ever see it again. On the plus side, my legs now have amazing flexibility and strength from the repeated times I’ve kicked my own ass for being a wuus.

BTW, the macanudos were out because I was sharing with non cigar smokers, one time I gave an arturo fuente don carlos double robusto to a novice smoker and he took three puffs and snubbed it out on the ground, I cried. Now I keep some macs and rocky patels for sharing (and some flavored ones for the womenfolk), plus having really nice library cigar provides me too much pleasure to engage in meaningful analysis and discussion, I turn into a blob of contentment.

[temeculaguy]

Good move les, by 3/18 I was waiting on the pullback that never came, now I’m envious of you for having stops at profit levels, that was my original plan, now I just play imaginary games in my head like i do when I buy lotto tickets. It’s so fun to play with house money, to either put a stop at 2x your invesment or sell half and then forget about it, I love “can’t lose” bets like that, just have to get the stones for the original jump. I’m gonna stay strong and wait for the next entry but I have my doubts if I will ever see it again. On the plus side, my legs now have amazing flexibility and strength from the repeated times I’ve kicked my own ass for being a wuus.

BTW, the macanudos were out because I was sharing with non cigar smokers, one time I gave an arturo fuente don carlos double robusto to a novice smoker and he took three puffs and snubbed it out on the ground, I cried. Now I keep some macs and rocky patels for sharing (and some flavored ones for the womenfolk), plus having really nice library cigar provides me too much pleasure to engage in meaningful analysis and discussion, I turn into a blob of contentment.

[temeculaguy]

Good move les, by 3/18 I was waiting on the pullback that never came, now I’m envious of you for having stops at profit levels, that was my original plan, now I just play imaginary games in my head like i do when I buy lotto tickets. It’s so fun to play with house money, to either put a stop at 2x your invesment or sell half and then forget about it, I love “can’t lose” bets like that, just have to get the stones for the original jump. I’m gonna stay strong and wait for the next entry but I have my doubts if I will ever see it again. On the plus side, my legs now have amazing flexibility and strength from the repeated times I’ve kicked my own ass for being a wuus.

BTW, the macanudos were out because I was sharing with non cigar smokers, one time I gave an arturo fuente don carlos double robusto to a novice smoker and he took three puffs and snubbed it out on the ground, I cried. Now I keep some macs and rocky patels for sharing (and some flavored ones for the womenfolk), plus having really nice library cigar provides me too much pleasure to engage in meaningful analysis and discussion, I turn into a blob of contentment.

[Author]

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