Gotta love ZERO RISK in the SP500 = $$$

Discussion in 'Trading' started by makloda, Jan 27, 2007.

  1. S2007S


    PPI in line while housing starts down bigggg time.

    I really thought the housing market had bottomed, thats what all the talking heads were saying....fools:p
    #1221     Feb 16, 2007
  2. <i>"The day is still young and I am bearish around 1259.50. Don't let the generals trick you."</i>

    I'm with ya. Shorted ES 1459 into the news, out at 1456 for +3pts. Was pretty sure they would not print 1460 :>)
    #1222     Feb 16, 2007
  3. It won't bottom until 2008, at the earliest.
    #1223     Feb 16, 2007
  4. S2007S


    agree, houses near me are still on the market, have been for over 8 months, they have dropped prices around 2 times already, still no buyer.

    Have another friend who is flipping a house, bought it in early 2006, put a ton of money into it and is now lucky to walk away with 10k-20k in profits. Most likely will break even if he sells it within the next 4-8 weeks.

    I see at least another 5-10% drop in housing prices. When the market does come back it will not be like a market we saw in 2000-2006.
    #1224     Feb 16, 2007
  5. ammo


    housing data was negative but i think that market expects housing to come down a little and its not worried about a little,its already in there, interest rate hike would signal its a bigger problem and we haven't seen that yet
    #1225     Feb 16, 2007
  6. Shorties?
    #1226     Feb 16, 2007
    #1227     Feb 16, 2007
  8. S2007S


    Bought back TWM at $65.35, down already on it but not worried, think we get a minor pullback sometime next week.
    #1228     Feb 16, 2007
  9. BOO!.........

    #1229     Feb 20, 2007
  10. Bowgett


    Somebody call PPT :)
    #1230     Feb 20, 2007