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(former)FormerSanDiegan
Participantpowayseller
This rally is limited to a few Dow stocks,
This statement is simply not true.See the chart below shows the DOW along with S&P 500 ETF and Wilshire 5000 ETF for the past three months. The S&P 500 made a 5.5. year high as the DOW made it’s high.
[img_assist|nid=1811|title=3-month DOW, S&P 500 ETF, Wilshire 5000 ETF|desc=Broad rally – NOT JUST DOW STOCKS|link=node|align=left|width=100|height=57]
(former)FormerSanDiegan
Participantps –
You were right when you said the DOW was not representative of the broader market.
However, the S&P 500 also hit 5 1/2 year highs this week.
Though the headlines were marking a new all-time high for the narrow DOW, the market has been advancing fairly broadly.(former)FormerSanDiegan
ParticipantI’ll agree with poway seller that “there’s a reaosn it’s cheaper”. Relative prices of areas tend to track their desirability.
Are you looking only at North County ?
(former)FormerSanDiegan
ParticipantREITS up too !
In a side note, the closed-end REIT fund (RQI) I purchased on March 7 of this year is up 19% including dividends. (14% price gain, 5% dividends, in 7 months).
Most of the gain occured in the last 3 months as the it became clear to the market that the FED was going to take its foot off the brakes and bonds started rallying.
It currently is paying a dividend of 7%, so maybe more upside until bonds reverse ???
(former)FormerSanDiegan
ParticipantBugs –
You are right … Bakersfield.(former)FormerSanDiegan
ParticipantI beg to differ that this is not a mid-year election cycle rally. There have been cases in the past where the low occurs earlier than October. In addition it is only October 5th. We may yet re-test the lows in the S&P 500 range of ~1250 this month or next. Please do not jump to conclusions before the game is over.
Just to show how silly short-term prognostications are, here’s mine : Stocks sell-off about 7.5% starting somewhere between Oct 12 and October 23, then rebound to current levels (as measured by S&P 500) . If I’m right, I’m a genius and you can subscribe to my newsletter “Random Predictions”. If I’m wrong, then somebody can claim that “this board” was wrong on stocks again.
(former)FormerSanDiegan
Participant“This board” is always right and always wrong. Every possible conjecture about the direction of the stock market, interest rates, the direction of the price of gold and inflation has been made at some point in the last 3 months. Saying that “this board” has been wrong is probably a valid statement and is as valid as saying “this board” has been spot on. In fact it has been both. It simply depends on which contributor made the right (or lucky) call.
(former)FormerSanDiegan
ParticipantAmarillo and San Marcos, TX are as similar as El Cajon and La Jolla, CA.
(former)FormerSanDiegan
Participant“Texas is hot” –
Give us numbers, insight.
How many qualified buyers have seen this home and decided not to buy it ?
(former)FormerSanDiegan
ParticipantRich’s work started with the words,
“It definitely appears that inventory has peaked for the year”Key words …
for the yearIMO, I see no difference in the post by Rich and the initial comment from ps, except that it was redundant. In addition it was a redundant statement and I see no difference, in my opinion.
October 4, 2006 at 9:41 AM in reply to: Critique the analysis, not the person: professional behavior #37195(former)FormerSanDiegan
ParticipantWhat in the Sand Hill ?
Mostly we flamed you for using this board for advertisement purposes. Don’t you get it ?
So, your wonderfully underpriced, monster house in beautiful Amarillo is still on the market ? Hmmm, I smell something, is it manure or is the market slowing nationally ?
(former)FormerSanDiegan
ParticipantWhere in the Sand Hill did this come from ?
(former)FormerSanDiegan
ParticipantSales info:
County Web Site (takes a while to show up)
http://www.co.san-diego.ca.us/arcc/services/propsales_search.htmlSan Diego Daily Transcript (searchable database requires subscription).
sddt.com(former)FormerSanDiegan
ParticipantBrad –
This sounds like one of those conspiracy theories, like when people claimed that auto companies had the technology to produce vehicles that were capable of 100 MPG … hey, wait a minnute, it turns out that they do have that capability.
http://www.calcars.org/vehicles.htmlToo bad we burn coal to make the electricity, though.
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