Taper: game on

[spdrun]

Up this week, down the next. Not that I’m complaining, since I managed to pick up a good stock or two before the 2 pm announcement…

Personally, I’m hoping for things not to go down too far till April 9th, since my share payouts from the American merger are heavily dependent on the price of AAL…

[an]

[quote=flu][quote=AN]DOW’s up 1.14%, NASDAQ’s up 0.43%, and S&P’s up 0.99%. I’ll take that. Now, lets see if it can continue through the rest of the year at this rate :-D.[/quote]

You mean Dow up 1.84% and Nasdaq up 1.15% and S&P500 up 1.46%….

:)[/quote]Or better yet, UDOW up 4.91%, UPRO up 5.19%, and TQQQ up 3.45%. 😀

[Coronita]

[quote=AN][quote=flu][quote=AN]DOW’s up 1.14%, NASDAQ’s up 0.43%, and S&P’s up 0.99%. I’ll take that. Now, lets see if it can continue through the rest of the year at this rate :-D.[/quote]

You mean Dow up 1.84% and Nasdaq up 1.15% and S&P500 up 1.46%….

:)[/quote]Or better yet, UDOW up 4.91%, UPRO up 5.19%, and TQQQ up 3.45%. :-D[/quote]

You are a brave soul my friend… I’m done with the “ultra-XXX ETF’s”

[SK in CV]

[quote=spdrun]If you read about what’s happening in Phoenix and Las Vegas, property is already correcting. Investors are leaving like rats, very little organic demand to replace them.[/quote]

No idea about Vegas, but investors are not leaving Phoenix like rats. Or like anything else. Big buyers have stopped buying. Still tons of rehab flippers in the central city. No widespread decline in prices. No widespread increase in inventory.

[SK in CV]

[quote=The-Shoveler]I am still saying it’s not about housing or Stocks, it’s about local municipalities not being in a position to afford another housing or stock market crash,

When the City of L.A. is sitting on surplus then I would start worrying[/quote]

Can you identify the nexus between the municipalities and the Fed?

[Coronita]

[quote=SK in CV][quote=spdrun]If you read about what’s happening in Phoenix and Las Vegas, property is already correcting. Investors are leaving like rats, very little organic demand to replace them.[/quote]

No idea about Vegas, but investors are not leaving Phoenix like rats. Or like anything else. Big buyers have stopped buying. Still tons of rehab flippers in the central city. No widespread decline in prices. No widespread increase in inventory.[/quote]

I didn’t think so….

[FlyerInHi]

[quote=SK in CV][quote=spdrun]If you read about what’s happening in Phoenix and Las Vegas, property is already correcting. Investors are leaving like rats, very little organic demand to replace them.[/quote]

No idea about Vegas, but investors are not leaving Phoenix like rats. Or like anything else. Big buyers have stopped buying. Still tons of rehab flippers in the central city. No widespread decline in prices. No widespread increase in inventory.[/quote]

I’m in Vegas right now. The situation seems the same as in Phoenix.

I see new housing projects starting up and selling well. Buyers are not camping out, but they are selling slowly but surely.

[The-Shoveler]

[quote=SK in CV][quote=The-Shoveler]I am still saying it’s not about housing or Stocks, it’s about local municipalities not being in a position to afford another housing or stock market crash,

When the City of L.A. is sitting on surplus then I would start worrying[/quote]

Can you identify the nexus between the municipalities and the Fed?[/quote]

Logic:
The most important job of the Gov is to keep the citizens safe and provide basic services.

[SK in CV]

[quote=The-Shoveler][quote=SK in CV][quote=The-Shoveler]I am still saying it’s not about housing or Stocks, it’s about local municipalities not being in a position to afford another housing or stock market crash,

When the City of L.A. is sitting on surplus then I would start worrying[/quote]

Can you identify the nexus between the municipalities and the Fed?[/quote]

Logic:
The most important job of the Gov is to keep the citizens safe and provide basic services.[/quote]

I’m not saying the Fed’s actions haven’t been beneficial to municipalities. They have been. But who are the mayors and city officials that are lobbying the Fed governors? Where in the Fed charter is the welfare of municipalities a priority? Keeping the citizens safe and providing basic services isn’t part of the Fed’s job. The Fed is owned by banks. It acts, within its charge, for the benefit of those owners. If there is any influence that municipalities have with Fed governors, it escapes me. Can you identify it?

[SK in CV]

[quote=flu][quote=SK in CV][quote=spdrun]If you read about what’s happening in Phoenix and Las Vegas, property is already correcting. Investors are leaving like rats, very little organic demand to replace them.[/quote]

No idea about Vegas, but investors are not leaving Phoenix like rats. Or like anything else. Big buyers have stopped buying. Still tons of rehab flippers in the central city. No widespread decline in prices. No widespread increase in inventory.[/quote]

I didn’t think so….[/quote]

Sadly, what we think doesn’t actually have any effect on the facts. Any actual evidence that investors are leaving (as in dumping properties), and organic demand is insufficient to maintain prices? If that’s actually happening, prices should be falling. It may happen, so far it hasn’t.

[The-Shoveler]

The president hires the Fed chief, the Fed works for the Federal Gov not the banks.

Any and all profit the Fed makes must be turned over to the U.S. treasury at the start of each year.

[Coronita]

[quote=SK in CV][quote=flu][quote=SK in CV][quote=spdrun]If you read about what’s happening in Phoenix and Las Vegas, property is already correcting. Investors are leaving like rats, very little organic demand to replace them.[/quote]

No idea about Vegas, but investors are not leaving Phoenix like rats. Or like anything else. Big buyers have stopped buying. Still tons of rehab flippers in the central city. No widespread decline in prices. No widespread increase in inventory.[/quote]

I didn’t think so….[/quote]

Sadly, what we think doesn’t actually have any effect on the facts. Any actual evidence that investors are leaving (as in dumping properties), and organic demand is insufficient to maintain prices? If that’s actually happening, prices should be falling. It may happen, so far it hasn’t.[/quote]

Investment property demand in SD seems to be still pretty strong….Haven’t seen prices plummet either. Maybe not increasing as fast as before but not “falling” (at least where I’m looking)….It would be easier if that wasn’t true 🙁

[paramount]

Prediction: by June 2014 QE wiill be increased to 105 Billion/month.

[spdrun]

I wasn’t implying that properties were being dumped, just that sales to investors have slowed down. Overpriced crap isn’t flying off the shelves as it did this spring.

[Coronita]

[quote=spdrun]I wasn’t implying that properties were being dumped, just that sales to investors have slowed down. Overpriced crap isn’t flying off the shelves as it did this spring.[/quote]

[quote=spdrun]If you read about what’s happening in Phoenix and Las Vegas, property is already correcting. Investors are leaving like rats, very little organic demand to replace them.[/quote]

[Author]

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