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

To: yard_man who wrote (270883)	8/24/2010 5:48:16 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

Ruh-roh, S&P downgrades Ireland: marketwatch.com

To: yard_man who wrote (270883)	8/24/2010 11:57:01 PM
From: TH	Read Replies (2) \| Respond to of 306849

pg, Time to sit on the patio is good too. I've been reviewing market internals this evening. Honestly, I'm a bit pissed at myself for not staying short and just walking away. But, we all have our rules and my current rule-set says there are clowns about who still believe. Still, I am going to short any bounce, but in a smaller size than I usually would. It is now the time, although I would have preferred to wait to the week of Labor Day. A well known market guru says that gold is starting to smell QE2. I agree with that, but none-the-less, miners will simply not be spared if the market goes boom. There could be an excellent window dead ahead to let the market correct/crash and to position in miners at a nice discount. This is actually my preferred path for the next 1-6 months. It is going to be interesting to watch if a divergence between miners and POG develops and how far it can go before one or the other closes the gap. The ten continues to attract flows. Even when the dollar started to weaken today, the ten still gets inflows. I am most interested to see what happens when the big QE2 arrives. Completed a housing study tonight. I do this often as I plan to move in a little over 6-12 months. No matter how I do the numbers, it makes so much more sense to rent in my target areas. Using values for rent to house value, I believe the California coast is still 40% overvalued in many good areas. That might never adjust as more printing arrives, but there is an absolute glut of fantastic properties for rent and I keep seeing these notes, "just reduced". I can rent a swinging pad ON THE BEACH for $2500-2900. I'd be crazy to buy. Of course I have to sell my Detroit suburb home first and that is no small feat. Four neighbors have tried this year and with apparently poor results. I didn't even notice, but a buddy tells me the house kitty corner looks foreclosed. So much for me being observant in my own backyard. But, I do have a secret plan. I'll just give it away. I don't owe much and I think I can turn it in a month for more than double what I paid (I stole it back at the very lows in 1993). Of course my neighbors will have rope and be looking for me for destroying comps, but I'll be long gone by then and I'll just change my name <g> Last, I wonder if it is prudent to keep selling my collectible assets and various other large items if we debase. I don't know, but what is done is done and I've been dumping expensive little toys for the past six months, all at fairly good prices and surprisingly quick sales. I'm down to a few very rare pinball machines as just about everything has been sold. But now I have more cash that is at risk <ng> Rosenberg wrote about getting small today. Living with less and so forth. I'm already on that page. I've decided if the things you own can't fit in an 8x16 container, then they own you. Time to get light. GT TH