[Coronita]

There is still the basic problem here, It takes about 250K a year income to buy a 600K – 800K house if you ever plan on paying it off anyway. (unless you bring a lot $ to the table of course). No amount of band aids is going to change that. 20% raises anyone ????

 

 

Nor-LA-Temcu-SD-Guy, Sorry, I should have started this thread as off-topic. Because, I was more concerned about the stock market instead of the housing market.  I don't care about housing right now, because it's not where the opportunity is right now. Trying to figure out how to take advantage of this volatility in the stock market these days.

 

[Coronita]

Thanks Chris for the advice. You’re advice is noted.

I haven’t short recently myself, just trying to move in and out of long positions on the volatility. But I’m going to stop any day now 🙂 And it’s just play money right now.

[Coronita]

Thanks Chris for the advice. You’re advice is noted.

I haven’t short recently myself, just trying to move in and out of long positions on the volatility. But I’m going to stop any day now 🙂 And it’s just play money right now.

[Coronita]

Thanks Chris for the advice. You’re advice is noted.

I haven’t short recently myself, just trying to move in and out of long positions on the volatility. But I’m going to stop any day now 🙂 And it’s just play money right now.

[Coronita]

I think I’m going to load up on EWJ. Japan market got wacked last night, and I’m thinking of loading up before the next trading session overseas.

[Coronita]

I think I’m going to load up on EWJ. Japan market got wacked last night, and I’m thinking of loading up before the next trading session overseas.

[Coronita]

I think I’m going to load up on EWJ. Japan market got wacked last night, and I’m thinking of loading up before the next trading session overseas.

[Coronita]

Pretrading, it’s up 13% today after the fed move.

[Coronita]

Pretrading, it’s up 13% today after the fed move.

[Coronita]

Pretrading, it’s up 13% today after the fed move.

[Coronita]

Crap, CFC is up $3 in pre-trading. Damn, if I held on, I would have pocketed an extra $25k. Sh** Sh*** Sh^T.

Oh wait, I could have easily had my a^s handed to me if things stayed at the mid fifteens yesterday…Nevermind.

Here’s the upgrade from BOFA.

http://biz.yahoo.com/ap/070817/countrywide_ahead_of_the_bell.html?.v=1

[Coronita]

Crap, CFC is up $3 in pre-trading. Damn, if I held on, I would have pocketed an extra $25k. Sh** Sh*** Sh^T.

Oh wait, I could have easily had my a^s handed to me if things stayed at the mid fifteens yesterday…Nevermind.

Here’s the upgrade from BOFA.

http://biz.yahoo.com/ap/070817/countrywide_ahead_of_the_bell.html?.v=1

[Coronita]

Crap, CFC is up $3 in pre-trading. Damn, if I held on, I would have pocketed an extra $25k. Sh** Sh*** Sh^T.

Oh wait, I could have easily had my a^s handed to me if things stayed at the mid fifteens yesterday…Nevermind.

Here’s the upgrade from BOFA.

http://biz.yahoo.com/ap/070817/countrywide_ahead_of_the_bell.html?.v=1

[Coronita]

Bit of turmoil here….Do I sell my shorts or risk taking a bath…

 

I don't know. What are you shorting? You up or losing money? I'm risk adverse, so I would always take money off the table since my philosophy is better to make less than to lose. I usually have a 50% rule. If climate changes, I take half off the table. But that's just me.

However, it feels like things are just going to bounce around a bit here.

 

I'm no expert, but my gut feeling is that things are going to be going up and down for awhile. Market is very flaky these days.

I’m trying to read between the lines. While there is a general euphoria of the discount rate cut, to me it’s also an admission by the Fed that “Houston, we have a problem”.

[Coronita]

Bit of turmoil here….Do I sell my shorts or risk taking a bath…

 

I don't know. What are you shorting? You up or losing money? I'm risk adverse, so I would always take money off the table since my philosophy is better to make less than to lose. I usually have a 50% rule. If climate changes, I take half off the table. But that's just me.

However, it feels like things are just going to bounce around a bit here.

 

I'm no expert, but my gut feeling is that things are going to be going up and down for awhile. Market is very flaky these days.

I’m trying to read between the lines. While there is a general euphoria of the discount rate cut, to me it’s also an admission by the Fed that “Houston, we have a problem”.

[Author]

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