[The-Shoveler]

Nor_LA-Temcu-SD-Guy

I sold My qqqq share’s in January last year for 41, been below that almost all year , just today went over 41 so I got brave and went short a small amount of shares at 41.27.

I have earned more money in CD than qqqq, I have not keeped up with mutual fund performance (don’t like their fees and usally their performance sucks) Maybe their were a lot that did 15% but I don’t think there were very many. I did not calculate but I thin the DOW is only up 7% or so from January.

Good luck with your investments what ever they are.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Besides even at that income level using a 20% down 30 fixed, about 500K is the most I would want to commit to. And I would expect alot more than an “L” shaped match box.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Dont’ know about SD in particular, But Hi Tech, especially software engineers , have until just this last year or so have been on the losing end of the employment game. with wages and Jobs disappearing sense 2000 at a very fast clip. So I would say unless your looking at the last 15 or so months then no way.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

What about the people in their $750K new constructions in areas like SD central, coastal and inland and North County.
That only make 45K with 3 kids and have been sucking money via MEW to live on, and the Real-estate agents mortgage broker etc.. who were make 100K+, now less than 50K all of a sudden.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

One last bit I will add, Every Dollar you make in the stock market, is a dollar the leaves NY, seems over simplistic but it’s true. They are the house.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

I really think they have already rode this horse into the ground, then picked it up and rode it some more, It would be hard to imagine them riding it much further, Maybe they can make the horse get up once more just in time for November then it will probably die for good. We will see.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

This is why I will not invest (long or short) in individual stocks, Too hard to play against the house (Brokers in NY).

If I get brave I may short the qqqq’s if it goes a little higher from here.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

I think it also depends on the condition/location of the house, It is much easier to sell a dog when the market is still raising and inventories are low, Once there is a lot of inventory it’s becomes much harder to sell that dog even with a price reduction.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

A very bleak future is one where housing never goes down and continue to appreciate above the rate of inflation.

Just think about it for a few minutes.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

My take on this is, They have already ridden this horse into the ground trying to keep the economy afloat, don’t think they can keep making this dead horse run much longer. Keeping Rates low for too long just makes more people take out loans they can’t afford (MEW) at this point so they can buy more stuff from China or where ever. At some point you have to say enough is enough and come up with a better plan (Like maybe start a new Manhattan project for Energy independence).

Just My opinion.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Lose lending standards, artificially low rates are what has got this country onto the verge of bankruptcy , Now is it wise to continue making more Americans go further into Debt than they can ever pay off (only renting from the bank in the form of interest only). Making it basically impossible for young people to get ahead.

Does not seem a wise choice , but neither was it to get us into the place where we find ourselves now.

Sad to say but having artificially low rates is like holding Candy out to a six year old while his mother is telling him it is not good for you. What do you think the six year old will do ???

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

HOA’s are a threat to america and a free way of life.

I HATE !!!! really HATE !!! HATE HATE HATE !!!

HOA’s !!!!

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHH !!!!!!

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

I think it about how active the kids are, If they are surfing or Bicycle M/X ing everyday they are probably fine, If they are siting looking at this Blog all the time (ho wait that’s me).

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Or will they (after selling their assets at a loss or not) just give it to their CEO as a big Bonus for being soo smart for selling those underperforming assets.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

In the end I think you just have to use your own judgment, Cramer I think is a smart guy but I don’t recommend you just follow him blindly.

Just ask your self, would you buy (or need) their product or whatever at current market Etc..

I just don’t think he even came close to the right call on this one.

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