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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (46615)	11/14/2008 2:18:35 PM
From: Jill	Read Replies (1) \| Respond to of 57684

I don't know, Lizzie. "Market" is an interesting term. I can say that in NY, where we bubbled in real estate as you did in SF, there was a huge amount of "wealth" created by real estate and home equity lines. It just moved from stocks into real estate. A friend of mine put $80K down on a 400K brownstone in Crown Heights in 2001 after separating from his wife, and sold in 2007 for $801K...so that's what, a 500% gain on his cash? So anyway I'm going to study some longer term puts (nothing sooner than January) this weekend. Maybe some leaps. I know one can argue about such things but until Obama is in office not much is going to be done, and for instance, I was stupid not to buy some puts on FSLR when it went from 96 to 172. (imean, after it skyrocketed so quickly). In this climate, what goes up must come down! ;) I watched it go down to what, 106 yesterday? I still think it can easily retest 96 again. And I have to study some of the retailers. JC Penney had a bad report. I had a really bad headache yesterday and still today so I can't really focus... I bought a little DXD yesterday sort of as a lark. It was really so tiny a position I don't care too much what happens with it. Paul Krugman had a nice piece in the NY Times...he's often savvy about this stuff. He said we won't go into a Great Depression but to get out of this disaster we'll need Depression Era economics--really serious stimulus package.