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LA_Renter
Participant“In God we trust, everybody else bring data”
Participant“In God we trust, everybody else bring data”
Participant“In God we trust, everybody else bring data”
Participant“In God we trust, everybody else bring data”
Participant” I have noticed that people are still driving their cars like there is no tomorrow. Other observations include people shopping until they drop at the Fashion Valley Mall, a very expensive place to shop; people standing in long lines at restaurants, people buying $10.00 drinks, people competing for expensive apartments, people gambling like fools at the Indian casinos, etc. I also noticed the same thing occurring in Orlando, FL where I was on a business trip. People were actually taking their whole families out to eat at crowded expensive restaurants. I was there alone and had to stand in line every night”
That is way too subjective and anecdotal for me. I imagine if you were to go to Tokyo in the early to mid 90’s at the nadir of their downturn you could have made the same observations. Right now the people who are feeling this downturn are RE agents, mortgage brokers and related businesses and construction workers. Ask these people how the job search is going. Have they been able to replace their incomes yet?? Go and talk to the unprecedented record number of people that have to contemplate or have just gone through foreclosure. You don’t see these people when you are out and about but they are all there.
Participant” I have noticed that people are still driving their cars like there is no tomorrow. Other observations include people shopping until they drop at the Fashion Valley Mall, a very expensive place to shop; people standing in long lines at restaurants, people buying $10.00 drinks, people competing for expensive apartments, people gambling like fools at the Indian casinos, etc. I also noticed the same thing occurring in Orlando, FL where I was on a business trip. People were actually taking their whole families out to eat at crowded expensive restaurants. I was there alone and had to stand in line every night”
That is way too subjective and anecdotal for me. I imagine if you were to go to Tokyo in the early to mid 90’s at the nadir of their downturn you could have made the same observations. Right now the people who are feeling this downturn are RE agents, mortgage brokers and related businesses and construction workers. Ask these people how the job search is going. Have they been able to replace their incomes yet?? Go and talk to the unprecedented record number of people that have to contemplate or have just gone through foreclosure. You don’t see these people when you are out and about but they are all there.
Participant” I have noticed that people are still driving their cars like there is no tomorrow. Other observations include people shopping until they drop at the Fashion Valley Mall, a very expensive place to shop; people standing in long lines at restaurants, people buying $10.00 drinks, people competing for expensive apartments, people gambling like fools at the Indian casinos, etc. I also noticed the same thing occurring in Orlando, FL where I was on a business trip. People were actually taking their whole families out to eat at crowded expensive restaurants. I was there alone and had to stand in line every night”
That is way too subjective and anecdotal for me. I imagine if you were to go to Tokyo in the early to mid 90’s at the nadir of their downturn you could have made the same observations. Right now the people who are feeling this downturn are RE agents, mortgage brokers and related businesses and construction workers. Ask these people how the job search is going. Have they been able to replace their incomes yet?? Go and talk to the unprecedented record number of people that have to contemplate or have just gone through foreclosure. You don’t see these people when you are out and about but they are all there.
Participant” I have noticed that people are still driving their cars like there is no tomorrow. Other observations include people shopping until they drop at the Fashion Valley Mall, a very expensive place to shop; people standing in long lines at restaurants, people buying $10.00 drinks, people competing for expensive apartments, people gambling like fools at the Indian casinos, etc. I also noticed the same thing occurring in Orlando, FL where I was on a business trip. People were actually taking their whole families out to eat at crowded expensive restaurants. I was there alone and had to stand in line every night”
That is way too subjective and anecdotal for me. I imagine if you were to go to Tokyo in the early to mid 90’s at the nadir of their downturn you could have made the same observations. Right now the people who are feeling this downturn are RE agents, mortgage brokers and related businesses and construction workers. Ask these people how the job search is going. Have they been able to replace their incomes yet?? Go and talk to the unprecedented record number of people that have to contemplate or have just gone through foreclosure. You don’t see these people when you are out and about but they are all there.
Participant” I have noticed that people are still driving their cars like there is no tomorrow. Other observations include people shopping until they drop at the Fashion Valley Mall, a very expensive place to shop; people standing in long lines at restaurants, people buying $10.00 drinks, people competing for expensive apartments, people gambling like fools at the Indian casinos, etc. I also noticed the same thing occurring in Orlando, FL where I was on a business trip. People were actually taking their whole families out to eat at crowded expensive restaurants. I was there alone and had to stand in line every night”
That is way too subjective and anecdotal for me. I imagine if you were to go to Tokyo in the early to mid 90’s at the nadir of their downturn you could have made the same observations. Right now the people who are feeling this downturn are RE agents, mortgage brokers and related businesses and construction workers. Ask these people how the job search is going. Have they been able to replace their incomes yet?? Go and talk to the unprecedented record number of people that have to contemplate or have just gone through foreclosure. You don’t see these people when you are out and about but they are all there.
ParticipantIt looks to me we are coming off a classic bear market rally……suckers rally whatever you want to call it. The bulls were all clamoring that the credit crisis was in the 9th inning and the S&P was projecting a 20+% increase in earnings during the second half of this year. Well we are going into the second half of the year and it appears we are only now entering the recession. John Mauldin had a good piece this week about The Road To Revulsion
“”We have seen the heads of virtually all financial institutions stand up over the last few months and claim the worst is behind us. Why would anyone listen to these people? They didn’t see the disaster coming, and yet somehow they are qualified to tell us it is all alright! Perhaps I am just unduly sceptical, but this reeks of a conspiracy of optimism. The recession has barely started, let alone reached its nadir. The market moves of late have all the hallmarks of a classic sucker’s rally. This isn’t discounting the recovery, this is denial! Far from being behind us, the worst may well still be ahead!””
We have a long way to go.
ParticipantIt looks to me we are coming off a classic bear market rally……suckers rally whatever you want to call it. The bulls were all clamoring that the credit crisis was in the 9th inning and the S&P was projecting a 20+% increase in earnings during the second half of this year. Well we are going into the second half of the year and it appears we are only now entering the recession. John Mauldin had a good piece this week about The Road To Revulsion
“”We have seen the heads of virtually all financial institutions stand up over the last few months and claim the worst is behind us. Why would anyone listen to these people? They didn’t see the disaster coming, and yet somehow they are qualified to tell us it is all alright! Perhaps I am just unduly sceptical, but this reeks of a conspiracy of optimism. The recession has barely started, let alone reached its nadir. The market moves of late have all the hallmarks of a classic sucker’s rally. This isn’t discounting the recovery, this is denial! Far from being behind us, the worst may well still be ahead!””
We have a long way to go.
ParticipantIt looks to me we are coming off a classic bear market rally……suckers rally whatever you want to call it. The bulls were all clamoring that the credit crisis was in the 9th inning and the S&P was projecting a 20+% increase in earnings during the second half of this year. Well we are going into the second half of the year and it appears we are only now entering the recession. John Mauldin had a good piece this week about The Road To Revulsion
“”We have seen the heads of virtually all financial institutions stand up over the last few months and claim the worst is behind us. Why would anyone listen to these people? They didn’t see the disaster coming, and yet somehow they are qualified to tell us it is all alright! Perhaps I am just unduly sceptical, but this reeks of a conspiracy of optimism. The recession has barely started, let alone reached its nadir. The market moves of late have all the hallmarks of a classic sucker’s rally. This isn’t discounting the recovery, this is denial! Far from being behind us, the worst may well still be ahead!””
We have a long way to go.
ParticipantIt looks to me we are coming off a classic bear market rally……suckers rally whatever you want to call it. The bulls were all clamoring that the credit crisis was in the 9th inning and the S&P was projecting a 20+% increase in earnings during the second half of this year. Well we are going into the second half of the year and it appears we are only now entering the recession. John Mauldin had a good piece this week about The Road To Revulsion
“”We have seen the heads of virtually all financial institutions stand up over the last few months and claim the worst is behind us. Why would anyone listen to these people? They didn’t see the disaster coming, and yet somehow they are qualified to tell us it is all alright! Perhaps I am just unduly sceptical, but this reeks of a conspiracy of optimism. The recession has barely started, let alone reached its nadir. The market moves of late have all the hallmarks of a classic sucker’s rally. This isn’t discounting the recovery, this is denial! Far from being behind us, the worst may well still be ahead!””
We have a long way to go.
ParticipantIt looks to me we are coming off a classic bear market rally……suckers rally whatever you want to call it. The bulls were all clamoring that the credit crisis was in the 9th inning and the S&P was projecting a 20+% increase in earnings during the second half of this year. Well we are going into the second half of the year and it appears we are only now entering the recession. John Mauldin had a good piece this week about The Road To Revulsion
“”We have seen the heads of virtually all financial institutions stand up over the last few months and claim the worst is behind us. Why would anyone listen to these people? They didn’t see the disaster coming, and yet somehow they are qualified to tell us it is all alright! Perhaps I am just unduly sceptical, but this reeks of a conspiracy of optimism. The recession has barely started, let alone reached its nadir. The market moves of late have all the hallmarks of a classic sucker’s rally. This isn’t discounting the recovery, this is denial! Far from being behind us, the worst may well still be ahead!””
We have a long way to go.
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