[peterb]

How do you feel about your job? Will you keep it over the next 3 years? This is critical. Tax deduction doesnt mean much without income from which to deduct.
Condo’s in a non-condo market like Mira Mesa, tend to go down first and come up last in the housing market. As they’re considered the step child product, second choice product.
If you’re bottom fishing, at least wait until CA has employment starting to tick up for a consistant 6 month period. That’s the key indicator that housing prices may rise.

[peterb]

How do you feel about your job? Will you keep it over the next 3 years? This is critical. Tax deduction doesnt mean much without income from which to deduct.
Condo’s in a non-condo market like Mira Mesa, tend to go down first and come up last in the housing market. As they’re considered the step child product, second choice product.
If you’re bottom fishing, at least wait until CA has employment starting to tick up for a consistant 6 month period. That’s the key indicator that housing prices may rise.

[peterb]

How do you feel about your job? Will you keep it over the next 3 years? This is critical. Tax deduction doesnt mean much without income from which to deduct.
Condo’s in a non-condo market like Mira Mesa, tend to go down first and come up last in the housing market. As they’re considered the step child product, second choice product.
If you’re bottom fishing, at least wait until CA has employment starting to tick up for a consistant 6 month period. That’s the key indicator that housing prices may rise.

[peterb]

How do you feel about your job? Will you keep it over the next 3 years? This is critical. Tax deduction doesnt mean much without income from which to deduct.
Condo’s in a non-condo market like Mira Mesa, tend to go down first and come up last in the housing market. As they’re considered the step child product, second choice product.
If you’re bottom fishing, at least wait until CA has employment starting to tick up for a consistant 6 month period. That’s the key indicator that housing prices may rise.

[peterb]

The world’s going ZIRP. When Trichet capitulates, see the US$ vault back up. Germany’s numbers will be the kicker. I’d be looking to go long on the greenback here as the US$ has hit it MA as has the Euro. Well, full disclosure, I have done so with my funds. Staying long gold and silver miners as well.

Not advice, just opinion, etc…..

[peterb]

The world’s going ZIRP. When Trichet capitulates, see the US$ vault back up. Germany’s numbers will be the kicker. I’d be looking to go long on the greenback here as the US$ has hit it MA as has the Euro. Well, full disclosure, I have done so with my funds. Staying long gold and silver miners as well.

Not advice, just opinion, etc…..

[peterb]

The world’s going ZIRP. When Trichet capitulates, see the US$ vault back up. Germany’s numbers will be the kicker. I’d be looking to go long on the greenback here as the US$ has hit it MA as has the Euro. Well, full disclosure, I have done so with my funds. Staying long gold and silver miners as well.

Not advice, just opinion, etc…..

[peterb]

The world’s going ZIRP. When Trichet capitulates, see the US$ vault back up. Germany’s numbers will be the kicker. I’d be looking to go long on the greenback here as the US$ has hit it MA as has the Euro. Well, full disclosure, I have done so with my funds. Staying long gold and silver miners as well.

Not advice, just opinion, etc…..

[peterb]

The world’s going ZIRP. When Trichet capitulates, see the US$ vault back up. Germany’s numbers will be the kicker. I’d be looking to go long on the greenback here as the US$ has hit it MA as has the Euro. Well, full disclosure, I have done so with my funds. Staying long gold and silver miners as well.

Not advice, just opinion, etc…..

[peterb]

Keep in mind that the 1990’s recession saw oil demand drop by 8% globally. In todays demand level that would be close to 8M bbl/day. OPEC’s gonna need a lot more cutting to hit this demand destruction. But much of OPECs competition cant make it at $40/bbl. So between peak oil and competitive destruction, you may have a winner, but that could take over a year to hit. Timing is everything.

[peterb]

Keep in mind that the 1990’s recession saw oil demand drop by 8% globally. In todays demand level that would be close to 8M bbl/day. OPEC’s gonna need a lot more cutting to hit this demand destruction. But much of OPECs competition cant make it at $40/bbl. So between peak oil and competitive destruction, you may have a winner, but that could take over a year to hit. Timing is everything.

[peterb]

Keep in mind that the 1990’s recession saw oil demand drop by 8% globally. In todays demand level that would be close to 8M bbl/day. OPEC’s gonna need a lot more cutting to hit this demand destruction. But much of OPECs competition cant make it at $40/bbl. So between peak oil and competitive destruction, you may have a winner, but that could take over a year to hit. Timing is everything.

[peterb]

Keep in mind that the 1990’s recession saw oil demand drop by 8% globally. In todays demand level that would be close to 8M bbl/day. OPEC’s gonna need a lot more cutting to hit this demand destruction. But much of OPECs competition cant make it at $40/bbl. So between peak oil and competitive destruction, you may have a winner, but that could take over a year to hit. Timing is everything.

[peterb]

Keep in mind that the 1990’s recession saw oil demand drop by 8% globally. In todays demand level that would be close to 8M bbl/day. OPEC’s gonna need a lot more cutting to hit this demand destruction. But much of OPECs competition cant make it at $40/bbl. So between peak oil and competitive destruction, you may have a winner, but that could take over a year to hit. Timing is everything.

[peterb]

Check your source for data accuracy. Those migration calculations are notoriously inaccurate. But that’s not nearly as important as employment.

But I want this rally to stick for a while! So I agree that things are looking up!!!!

[Author]

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