stocks

[The-Shoveler]

Cramer summed it up fairly well

“Don’t fight the Fed”

https://www.cnbc.com/2018/10/10/cramers-sell-off-handbook-4-things-must-happen-for-stocks-to-recover.html

[ltsddd]

[quote=The-Shoveler]Cramer summed it up fairly well

“Don’t fight the Fed”

https://www.cnbc.com/2018/10/10/cramers-sell-off-handbook-4-things-must-happen-for-stocks-to-recover.html%5B/quote%5D

I USED to be a fan of his back in the days, but I think he’s got some credibility issues.

I stopped reading after the second point of his “sell-off causes”.

His first “cause”:
“Yep, in many areas of this country, especially areas where prices have run up in the last few years, your house is declining in value.”

Not true here in san diego/socal

His second point:
“Second, PPG Industries and Trinseo — two industrial companies considered to be barometers for the economy — have signaled that auto sales are hitting a wall, causing price declines and major sell-offs in shares of automakers like Ford.”

PPG’s woes most like is due to the trade wars we’re having with China and the rest of the world. According to a PPG executive, demand in China has “soften” – you think(?). As far as Ford is concerned, its totally missing out on the shift of consumers’ taste from sedans to sub-compact suvs. And according to the stats here:

https://www.automobilemag.com/news/first-half-u-s-2018-auto-sales-are-down-slightly-from-last-year/

Ford’s sales is down 1.8%. GM up 4.2% and Chrysler up 5%. This dude is cherry-picking stats to fit his narrative.

Also, I must have been living under a rock because I didn’t realize that PPG & Trinseo are considered to be barmometers for the economy. Trinseo has a market cap of < $3B, btw.

[FlyerInHi]

[quote=ltsdd][quote=flu]I guess I picked a bad time to decide to sell a rental property lol…[/quote]

My timetable is to add more rentals to my portfolio starting summer 2020….I’ll see how that’s going to pan out.[/quote]

Me too. That’s why i predicted recession 2020

I want multi unit and commercial eatate loans are usually 7 year balloon payments. A recession will squeeze owners who need to refinance or sell. I am looking at areas now so I’m prepared starting 2020.

Cramer is an asshole. An old cranky man.

[The-Shoveler]

Don’t fight the Fed is pretty basic LOL.

Mortgages rates above 5% now, the low end condo market is almost completely shut down. one more hike and I think the rest of the housing market may follow.

[Coronita]

[quote=The-Shoveler]Don’t fight the Fed is pretty basic LOL.

Mortgages rates above 5% now, the low end condo market is almost completely shut down. one more hike and I think the rest of the housing market may follow.[/quote]

Huh?

I would think it’s more like the high end would slow down…low end is cheaper and people seem to still be able to buy….

I am going to try to sell and hopefully pocket a 100% gain from a short sales purchase, and do a 1031 exchange into a nicer area where rent prices are higher…at least that’s the plan….

I also need to deal with a sfh hopefully that will bring in an additional $4000/month that hopefully I can get on the market soon as soon as I fully move out.

too many things going on at the same time….

first world problem lol.

[The-Shoveler]

Good luck.

High end in SD is for High moneyed people LOL.

They have money, the low moneyed people are a lot more on the margin.

To high moneyed people home prices are no big deal (well mostly).

[Coronita]

[quote=The-Shoveler]Good luck.

High end in SD is for High moneyed people LOL.

They have money, the low moneyed people are a lot more on the margin.

To high moneyed people home prices are no big deal (well mostly).[/quote]

by high end, maybe I meant higher end….not ridiculously rich high end.

I was thinking about homes in the $1million+ range. I would think now that 30year is going up, that those folks that need larger loans for these homes are going to have a more difficult time with rate increases…

Plus I would be surprised if $1million+ homes would be FHA approved versus some of the cheaper homes…

[The-Shoveler]

Maybe your condo is not so low end, anyway I can tell you almost nothing is moving on the low end condos (under 300K).

It is almost completely a dead market.

[Coronita]

[quote=The-Shoveler]Maybe your condo is not so low end, anyway I can tell you almost nothing is moving on the low end condos (under 300K).

It is almost completely a dead market.[/quote]

really, what part of town?

I swear there is still very little inventory in Mira Mesa …. not that I will ever sell there….what part of town do you see a slow down? I am curious…

[The-Shoveler]

Check your IM,

I would talk to a few realtors (maybe other owners) unless you don’t mind it sitting there several months.

[Coronita]

gotcha…well, there’s always waiting for banks to relax lending standards and for stated income loans to come back to combat rising rates……

I’m kidding…sort of…ok, not really…

[FlyerInHi]

[quote=flu]gotcha…well, there’s always waiting for banks to relax lending standards and for stated income loans to come back to combat rising rates……

I’m kidding…sort of…ok, not really…[/quote]

Haha… That will definitely happen if the banks feel like they’ll get another bailout.

[moneymaker]

Bought some more Ford stock today!

[moneymaker]

Doubled down today. Now I’m 5% down on Ford but will hold it long term. I think they should offer 0% loans on their vehicles, seems to attract the people that can afford to buy!

[Coronita]

Didn’t see this coming…

Intel rumored to have pulled the plug on 10nm….

and with AMD stock battered preearnings, maybe I’ll jump back in after Wednesdays earnings call…

Intel kills off the 10nm process

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