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August 15, 2007 at 9:55 PM in reply to: Dow Closes below 13000 today. Down 167 points. NDQ -40, S&P -19.8 #76199August 15, 2007 at 9:55 PM in reply to: Dow Closes below 13000 today. Down 167 points. NDQ -40, S&P -19.8 #76201
GoUSC
ParticipantWhy set a tight trailing stop sell if you are holding the ProShares for the longer term? I think the market will continue to sink over the next few months so what do I care about the occasional spike here and there? Thoughts?
ParticipantHow does he get to keep the toys? Does the debt on them just vanish? If you use a HELOC to buy a bunch of crap and you default on the HELOC I would think the lender would take the toys? But maybe not….
ParticipantHow does he get to keep the toys? Does the debt on them just vanish? If you use a HELOC to buy a bunch of crap and you default on the HELOC I would think the lender would take the toys? But maybe not….
ParticipantHow does he get to keep the toys? Does the debt on them just vanish? If you use a HELOC to buy a bunch of crap and you default on the HELOC I would think the lender would take the toys? But maybe not….
ParticipantMy prediction is a range of 20-50% nominally. In areas like La Jolla, RSF, etc. you will see the lowest drops. Let’s face facts, the richest people have only gotten richer in the past 6 years and can weather a storm like this and buy what they want. My mom lives in LJ and her neighbor’s house which is around 2500sf is in escrow for just under $3 million to an all cash buyer from RSF (weekend home). These people aren’t going anywhere.
Flipside are the shacks near Euclid in east San Diego that sold for $350k. Those buyers are dried up and those homes will fall over 50% most likely. Finally areas that I am looking aka Hillcrest, Mission Hills (maybe), North Park, Ocean Beach, Bay Park will probably fall 30% nominally.
ParticipantMy prediction is a range of 20-50% nominally. In areas like La Jolla, RSF, etc. you will see the lowest drops. Let’s face facts, the richest people have only gotten richer in the past 6 years and can weather a storm like this and buy what they want. My mom lives in LJ and her neighbor’s house which is around 2500sf is in escrow for just under $3 million to an all cash buyer from RSF (weekend home). These people aren’t going anywhere.
Flipside are the shacks near Euclid in east San Diego that sold for $350k. Those buyers are dried up and those homes will fall over 50% most likely. Finally areas that I am looking aka Hillcrest, Mission Hills (maybe), North Park, Ocean Beach, Bay Park will probably fall 30% nominally.
ParticipantMy prediction is a range of 20-50% nominally. In areas like La Jolla, RSF, etc. you will see the lowest drops. Let’s face facts, the richest people have only gotten richer in the past 6 years and can weather a storm like this and buy what they want. My mom lives in LJ and her neighbor’s house which is around 2500sf is in escrow for just under $3 million to an all cash buyer from RSF (weekend home). These people aren’t going anywhere.
Flipside are the shacks near Euclid in east San Diego that sold for $350k. Those buyers are dried up and those homes will fall over 50% most likely. Finally areas that I am looking aka Hillcrest, Mission Hills (maybe), North Park, Ocean Beach, Bay Park will probably fall 30% nominally.
ParticipantMy prediction is a range of 20-50% nominally. In areas like La Jolla, RSF, etc. you will see the lowest drops. Let’s face facts, the richest people have only gotten richer in the past 6 years and can weather a storm like this and buy what they want. My mom lives in LJ and her neighbor’s house which is around 3000sf is in escrow for over $2.5 million to an all cash buyer from RSF (weekend home). These people aren’t going anywhere.
Flipside are the shacks near Euclid in east San Diego that sold for $350k. Those buyers are dried up and those homes will fall over 50% most likely. Finally areas that I am looking aka Hillcrest, Mission Hills (maybe), North Park, Ocean Beach, Bay Park will probably fall 30% nominally.
ParticipantMy prediction is a range of 20-50% nominally. In areas like La Jolla, RSF, etc. you will see the lowest drops. Let’s face facts, the richest people have only gotten richer in the past 6 years and can weather a storm like this and buy what they want. My mom lives in LJ and her neighbor’s house which is around 3000sf is in escrow for over $2.5 million to an all cash buyer from RSF (weekend home). These people aren’t going anywhere.
Flipside are the shacks near Euclid in east San Diego that sold for $350k. Those buyers are dried up and those homes will fall over 50% most likely. Finally areas that I am looking aka Hillcrest, Mission Hills (maybe), North Park, Ocean Beach, Bay Park will probably fall 30% nominally.
ParticipantMy prediction is a range of 20-50% nominally. In areas like La Jolla, RSF, etc. you will see the lowest drops. Let’s face facts, the richest people have only gotten richer in the past 6 years and can weather a storm like this and buy what they want. My mom lives in LJ and her neighbor’s house which is around 3000sf is in escrow for over $2.5 million to an all cash buyer from RSF (weekend home). These people aren’t going anywhere.
Flipside are the shacks near Euclid in east San Diego that sold for $350k. Those buyers are dried up and those homes will fall over 50% most likely. Finally areas that I am looking aka Hillcrest, Mission Hills (maybe), North Park, Ocean Beach, Bay Park will probably fall 30% nominally.
ParticipantJust look at Mozilo’s history of options exercised…This guy KNEW the ship was going down.
http://biz.yahoo.com/t/18/6026.html
I hope the SEC investigates.
ParticipantJust look at Mozilo’s history of options exercised…This guy KNEW the ship was going down.
http://biz.yahoo.com/t/18/6026.html
I hope the SEC investigates.
ParticipantJust look at Mozilo’s history of options exercised…This guy KNEW the ship was going down.
http://biz.yahoo.com/t/18/6026.html
I hope the SEC investigates.
ParticipantI am sure it will have some impact but I don’t think the percentage is THAT great.
With that said I sat down with mom a few months ago and repositioned a good chunk of her portfolio into stable low risk assets (t-bills, cd’s, etc.)
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