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outtamojo
Participant[quote=Nor-LA-SD-GUY2]It’s still the same problem we had 2008 and 2009.
Nothing has changed much, no one wants to talk about it either.
it’s still the same problem, HOUSING !!
In CA approx. 30 % of home owners with a mortgage owe about 100K more than they can sell for, sorry you just cannot have an economic recovery in conditions like that.
It’s just not the underwaters it’s also everyone who paid more than what they can sell or just feel they should get more it’s an emotional thing, they are just going to sit and save because they feel bad.[/quote]Yes, it IS housing, but things aren’t EXACTLY like
2008. ( for the moment that is …)
http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND(Do the 5 yr TED spread)
outtamojo
Participant[quote=Nor-LA-SD-GUY2]It’s still the same problem we had 2008 and 2009.
Nothing has changed much, no one wants to talk about it either.
it’s still the same problem, HOUSING !!
In CA approx. 30 % of home owners with a mortgage owe about 100K more than they can sell for, sorry you just cannot have an economic recovery in conditions like that.
It’s just not the underwaters it’s also everyone who paid more than what they can sell or just feel they should get more it’s an emotional thing, they are just going to sit and save because they feel bad.[/quote]Yes, it IS housing, but things aren’t EXACTLY like
2008. ( for the moment that is …)
http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND(Do the 5 yr TED spread)
outtamojo
Participant[quote=Nor-LA-SD-GUY2]It’s still the same problem we had 2008 and 2009.
Nothing has changed much, no one wants to talk about it either.
it’s still the same problem, HOUSING !!
In CA approx. 30 % of home owners with a mortgage owe about 100K more than they can sell for, sorry you just cannot have an economic recovery in conditions like that.
It’s just not the underwaters it’s also everyone who paid more than what they can sell or just feel they should get more it’s an emotional thing, they are just going to sit and save because they feel bad.[/quote]Yes, it IS housing, but things aren’t EXACTLY like
2008. ( for the moment that is …)
http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND(Do the 5 yr TED spread)
outtamojo
Participant[quote=Nor-LA-SD-GUY2]It’s still the same problem we had 2008 and 2009.
Nothing has changed much, no one wants to talk about it either.
it’s still the same problem, HOUSING !!
In CA approx. 30 % of home owners with a mortgage owe about 100K more than they can sell for, sorry you just cannot have an economic recovery in conditions like that.
It’s just not the underwaters it’s also everyone who paid more than what they can sell or just feel they should get more it’s an emotional thing, they are just going to sit and save because they feel bad.[/quote]Yes, it IS housing, but things aren’t EXACTLY like
2008. ( for the moment that is …)
http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND(Do the 5 yr TED spread)
outtamojo
ParticipantImo we go down more in slow grinding fashion once volatility subsides- easy to say today : ). Mo Mo stocks AAPL AMZN BIDU haven’t broken recent lows and VIX at really incredible levels (40’s) make me want to think we are near bottom but for the masses late 08/early 09 is still too fresh in their minds and I fear it is them that will force mutual funds to liquidate and overshoot the downside. During that end of days period of late 08 the VIX was in the 70’s, so will we feel like the end of the world is near again?
outtamojo
ParticipantImo we go down more in slow grinding fashion once volatility subsides- easy to say today : ). Mo Mo stocks AAPL AMZN BIDU haven’t broken recent lows and VIX at really incredible levels (40’s) make me want to think we are near bottom but for the masses late 08/early 09 is still too fresh in their minds and I fear it is them that will force mutual funds to liquidate and overshoot the downside. During that end of days period of late 08 the VIX was in the 70’s, so will we feel like the end of the world is near again?
outtamojo
ParticipantImo we go down more in slow grinding fashion once volatility subsides- easy to say today : ). Mo Mo stocks AAPL AMZN BIDU haven’t broken recent lows and VIX at really incredible levels (40’s) make me want to think we are near bottom but for the masses late 08/early 09 is still too fresh in their minds and I fear it is them that will force mutual funds to liquidate and overshoot the downside. During that end of days period of late 08 the VIX was in the 70’s, so will we feel like the end of the world is near again?
outtamojo
ParticipantImo we go down more in slow grinding fashion once volatility subsides- easy to say today : ). Mo Mo stocks AAPL AMZN BIDU haven’t broken recent lows and VIX at really incredible levels (40’s) make me want to think we are near bottom but for the masses late 08/early 09 is still too fresh in their minds and I fear it is them that will force mutual funds to liquidate and overshoot the downside. During that end of days period of late 08 the VIX was in the 70’s, so will we feel like the end of the world is near again?
outtamojo
ParticipantImo we go down more in slow grinding fashion once volatility subsides- easy to say today : ). Mo Mo stocks AAPL AMZN BIDU haven’t broken recent lows and VIX at really incredible levels (40’s) make me want to think we are near bottom but for the masses late 08/early 09 is still too fresh in their minds and I fear it is them that will force mutual funds to liquidate and overshoot the downside. During that end of days period of late 08 the VIX was in the 70’s, so will we feel like the end of the world is near again?
outtamojo
Participant[quote=Arraya]Well, futures are down almost 2%[/quote]
I hope they stay that way, a big downer at open I know what to do with. A big gap up I know to stay away. A flat open is no man’s land.
outtamojo
Participant[quote=Arraya]Well, futures are down almost 2%[/quote]
I hope they stay that way, a big downer at open I know what to do with. A big gap up I know to stay away. A flat open is no man’s land.
outtamojo
Participant[quote=Arraya]Well, futures are down almost 2%[/quote]
I hope they stay that way, a big downer at open I know what to do with. A big gap up I know to stay away. A flat open is no man’s land.
outtamojo
Participant[quote=Arraya]Well, futures are down almost 2%[/quote]
I hope they stay that way, a big downer at open I know what to do with. A big gap up I know to stay away. A flat open is no man’s land.
outtamojo
Participant[quote=Arraya]Well, futures are down almost 2%[/quote]
I hope they stay that way, a big downer at open I know what to do with. A big gap up I know to stay away. A flat open is no man’s land.
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