Real Estate Bottom Not Even Close. . . Get Set For Round 2 of Write Offs. . . .

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Real Estate Bottom Not Even Close. . . Get Set For Round 2 of Write Offs. . . . BuffetHater 05-27-2009
Posted by BuffetHater on May 27, 2009, 1:08 pm
Be suspicious, very suspicious. Why the rush by every bank and trust
to issue new stock and raise capital and why the urgency of issue?
Why chinese buying of gold and silver under $900 during a 'staged
recovery' which supposedly started in the far east ?

http://online.barrons.com/article/SB124303112018248371.html

This makes sense, some hellhole areas i.e. Indiana will be wastelands
after the GM/Chrysler and pending Ford insolvency
thrusts. Stage 2 will be the mass exodus from Mexico and Central
america into california which will further strain a bankrupt system.

Selling on close today at 3:57. Trend has been for market to dive
at 3:30 and stage a strong finish. Would not sell short but just have
this feeling of over exuberance from a troubled market.

Posted by Uncle_vito on May 27, 2009, 9:35 pm
Selling into the close? Load the boat. GM BK is a known. Only chicken
littles are fleeing. On announcement of the GM BK Dow should go up 100 pts
on news alone.

Short KY jelly. With the upholding of Prop 8, gays are going to have to
play with themselves.

What a bunch of losers. Where is AIDS when you need it.

Vito


> Be suspicious, very suspicious. Why the rush by every bank and trust
> to issue new stock and raise capital and why the urgency of issue?
> Why chinese buying of gold and silver under $900 during a 'staged
> recovery' which supposedly started in the far east ?
>
> http://online.barrons.com/article/SB124303112018248371.html
>
> This makes sense, some hellhole areas i.e. Indiana will be wastelands
> after the GM/Chrysler and pending Ford insolvency
> thrusts. Stage 2 will be the mass exodus from Mexico and Central
> america into california which will further strain a bankrupt system.
>
> Selling on close today at 3:57. Trend has been for market to dive
> at 3:30 and stage a strong finish. Would not sell short but just have
> this feeling of over exuberance from a troubled market.



Posted by RayLopez99 on May 28, 2009, 5:52 pm
> Be suspicious, very suspicious. =A0 Why the rush by every bank and trust
> to issue new stock and raise capital and why the urgency of issue?
> Why chinese buying of gold and silver under $900 during a 'staged
> recovery' which supposedly started in the far east ?
>
> http://online.barrons.com/article/SB124303112018248371.html
>
> This makes sense, some hellhole areas i.e. Indiana will be wastelands
> after the GM/Chrysler and pending Ford insolvency
> thrusts. =A0 Stage 2 will be the mass exodus from Mexico and Central
> america into california which will further strain a bankrupt system.

You lard ashe BH...post the entire Barron's article not just the
link. They are famous for just displaying the headline...nothing is
free on their site. Share the wealth dude! It's so Canadian (and
Mexican) to do so...quit being such a gordo Americano.

As for GM causing a wasteland in the Rust Belt, that is true, and so
yesterday. Hence the Schiller/Case index for Detroit has fallen so
low.

Tell us something we don't know. Like whether JOE is a buy (FL farm
land).

RL

Posted by BuffetHater on May 28, 2009, 7:07 pm

> Tell us something we don't know. =A0Like whether JOE is a buy (FL farm
> land).
>
> RL

We are about to revisit deflation. There is no sense or reason to
the rampant
speculation in commods and bullshit stocks. . . . not talking about
the blue
chip rallies, talking about bankrupt issues trading like wildfire
between daytraders.

Look at GM, will be gone when it files on June 1st at 9AM.
Still trades millions of shares to day traders while gov'ts issue
warnings of
stock being 'without value'.
A quarter billion shares and options up the river on a stock known to
be bankrupt
in a matter of days, go figure?

Posted by RayLopez99 on May 29, 2009, 9:15 am
> > Tell us something we don't know. =A0Like whether JOE is a buy (FL farm
> > land).
>
> > RL
>
> We are about to revisit deflation. =A0 There is no sense or reason to
> the rampant speculation in commods and bullshit stocks. . . . =A0not talk=
ing about
> the blue chip rallies, talking about bankrupt issues trading like wildfir=
e
> between daytraders.

Well that's apples and naranjas, BH. BS stocks are one thing, but
with populations to got to 9.5B soon and with farm productivity going
to below 1%/year (from double that 30 years ago), it only means food
prices will rise IMO.

>
> Look at GM, will be gone when it files on June 1st at 9AM.
> Still trades millions of shares to day traders while gov'ts issue
> warnings of stock being 'without value'.

That was crazy, but it always seems to happen that way--with Iridium
for example.

> A quarter billion shares and options up the river on a stock known to
> be bankrupt
> in a matter of days, go figure?

Nuts. But it shows 'animal spirits' are back. And the futures say
today is an up day.

RL


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