You cannot compare REAL ESTATE with STOCKS & EQUITIES. These are 2 distinct asset classes. Real estate does not goes down like NASDAQ index nor does its subject to the whims of traders from day to day. You can sell a stock at your mouse click, but it will take you months to sell your house and the paper work is enormous and the process far more intricate, legal and stressful and it involves a dozen people with you for over 30-60 days in a good market. That is why those who compared Real estate as a bubble are eating pavement dirt today, cause nothing came true. Just read Nouriel Roubini our prophet of doom and gloom and his tales from the graveyard. The bastard makes a living out of this ..
get what? Get this. The stock market is down and you are wrong, have been wrong, and may continue to be wrong in my estimation. You cut and paste someone elses work and you ask me if I get it? and more importantly you are losing. What counts is your account balance and not your ego or whether you are right or wrong. Trading is about your account balance and whether or not it grows organically. Is yours?
Read the piece again. Its called Technical Analysis and its the best out there... Giving you cut and paste is the best hope to deliver a punch into your fat belly that protrudes with vile hostility and fat. I perhaps made more money this month than you did. But we are not keeping scores here.
Yes. We are in busy mode now. Either realize it. Capitalize on it if you are right. Or. Be delusional and miss the bus
Perhaps you did. But not bloody likely. Especially with your attitude. I know a lot of successful equity traders and not one of them sounds like you. I know a lot of business men who bought AOL and pets.com in 2000. You sound exactly like them.
I never miss the bus. I get up 6:00 AM and 6:30 I am trading hard and fast BIDU , AAPL, DVN, RIG... etc , selling naked puts, naked straddles, picking few breakouts, heavy movers and dumping some shorts when the mood gets nasty.. oh I scream when I don't make money and i have to eat week old Salmon on my granite counter tops.. I donot like that. Yes I am quietly buying real estate in this down market so does DONALD TRUMP.... he is hording nice pieces all over the country. Its the retail buyers they are still having a hissy fit if they get over their SEASONAL ADJUSTMENT DISORDERS by springtime.
there are only two possible explanations for such absurdity. either you are saying absurd things as a joke just to screw with people or you are a complete idiot and actually believe what you are saying
Of course I do. I must read them and tell you how dumb you are. Its my god given right. Ok. I'm heading into the club to drink lots of bourbon and enjoy my successful week and month.
Lenders are basically risk averse traders, they don't make loans to get your property and that mortgage talk is a complete lie. Those loan were made according to lenders guideline a t the time and with due diligence. What went wrong when our average Joe decided to become a real estate speculator and thought he can buy real estate on the cheap... and the buyers stopped buying. Just like they are doing now in the stock markets. The whole valuations of those loans backed by collateral started getting destroyed in 2 years of non activity in the real estate markets. Bears & Stearns swallowed lots of mortgage companies and their problems ---they nearly got killed with it.