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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (165212)11/19/2008 12:37:36 PM
From: The ReaperRead Replies (2) | Respond to of 306849
 
Market really wants to bounce here but won't as long as the yen is treading higher. The dollar has also recovered from morning weakness. Gold reversed down. If we can get those currencies to back off, we'll have a really good tradable situation.



To: patron_anejo_por_favor who wrote (165212)11/19/2008 4:40:45 PM
From: re3Respond to of 306849
 
what good are yields if prices keep dropping like today ? -ng-
just venting, no need to answer!

tales of woe anyone ? i had some PCX (patriot coal) and got called away at a profit at 15 bucks last expiration date. Silly me, i buy back slightly cheaper than that and i see today it closes at < HALF of above...in one freakin month...

can these stocks rebound 100 % ? in some cases it might be needed, just to b/even, and never mind this ones 52 wk high of $ 82 and change...

on the + side, ASA was up to make up for yesterday, RGLD managed to be + a nickel, and...well, i think that is it for + sides -ng-



To: patron_anejo_por_favor who wrote (165212)11/20/2008 1:41:47 PM
From: Peter VRead Replies (1) | Respond to of 306849
 
DOH!

The CanRoys got shot yesterday, today they are being dismembered. Gold is helping offset some of that, but it's disheartening.

======================================

Yesterday you asked if lower gas prices were causing more driving in LA. I think the LA Times heard you.

latimes.com

Evidence suggests commuters are abandoning transit habit

With gas prices as low as $2.30 in some places, drivers say they are getting behind the wheel again after opting for buses and trains earlier in the year.

By Steve Hymon and Ruben Vives

November 20, 2008

On Thursday, Dan Hawes got into his car in Pasadena and braced himself for the drive to his job in Santa Monica. Hoping to avoid the dreaded Santa Monica Freeway, he instead headed west on the 134, which was bad, to the 101, which was worse.

The 405, too, was hideous, leading to an unplanned and, in hindsight, unfortunate decision to span the mountains on Sepulveda Boulevard.

"This summer was fine, but then these last two months for some reason have just been horrific," said Hawes, 36, a copy writer, after finally arriving at work after a two-hour drive. "My friend at work is theorizing that everyone is worried about their jobs, so they're actually going in to work every day."

For many Southern California commuters, the traffic relief associated with $4.75 gas is beginning to feel like a distant memory. Gas prices have been halved at many local outlets since their highs in June, and a gallon is now as low as $2.30.

Mass transit ridership among some -- but not all -- local transit agencies has slipped since the summer. Although it's not known how many commuters have returned to driving, there is some anecdotal evidence that not everyone who tried mass transit stuck with it.

"Now that gas prices are down, it's better to drive -- I hate to say it," said Pauline Buchanan, who started taking mass transit from Hollywood to work in Koreatown last spring as gas prices climbed.

Buchanan wasn't too fond of the change. She said the buses were always crowded, the drivers were rude, and the trip took longer. Last month, when gas prices began to drop, she started driving again.

Traffic almost always worsens each autumn as students return to school and people come back from summer vacations. In that respect, 2008 is following the familiar pattern, and officials with the California Department of Transportation say they simply don't yet know the full effect of gas prices on freeway driving.

"On any day in our system we can have 2, 3 or 5% variation in traffic volumes for reasons we can't really explain," said Marco Ruano, the chief of freeway operations for Caltrans District 7, which covers Los Angeles and Ventura counties. "It's very complex, and that's why we tend not to look at the short term."

Ruano said there was evidence that people drove less when gas prices were spiking earlier in the year. But there wasn't enough data yet to say whether falling gas prices resulted in people driving more.

Freeway speed figures aren't terribly revealing. Some key sections of the freeway showed slower conditions in October compared with the summer but not enough to draw any firm conclusions. The data come from the Freeway Performance Measurement System, a UC Berkeley database that relies on road sensors to collect traffic information.

Even in outlying areas, traffic can still be pretty harsh. "It's awful, and the 101 is still capable of coming to a standstill," said Fred Rosenmund, an Oxnard attorney who also thinks that off-peak traffic is lighter.

Transit ridership on buses and trains operated by the Los Angeles County Metropolitan Transportation Authority peaked in July and was about 1.5% lower in October, with an average of about 1.5 million riders each weekday.

"I'm going to go out on a limb and say I think that gas prices have something to do with it, but I wouldn't say it has everything to do with it," said Ed Muncy, director of service planning for the MTA. "It's hard to get a read on what's going on with the economy and its effect."

Still, the MTA's ridership is up over a year ago. Metrolink, the commuter rail operator, saw much the same phenomenon: peaking in July with 50,142 riders on weekdays, falling to 48,629 in October. In October 2007, Metrolink carried an average of 44,448 riders on weekdays.

Art Leahy, chief executive of the Orange County Transportation Authority, believes it is only a matter of time until gas prices rise again. And he says his agency, which set a ridership record in October, will be ready. Instead of selling 150 old buses as planned, the agency decided to keep them in storage for the next big ridership surge.



To: patron_anejo_por_favor who wrote (165212)12/4/2008 5:14:32 PM
From: tntpalRead Replies (1) | Respond to of 306849
 
patron,
I am tempted to jump into a bigger position on the Canadian Royal Trusts also. My only concern was what ever happened to that legal issue of a few years ago - are they not taking away the tax excempt status in 2011? But at these prices, it may not be an issue any way.