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  #6131  
Old 10-09-2018, 04:07 PM
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Well..... here we go!!


The idiots at the FED are just bound and determined to wreck a good thing....


Headline today.


Mortgage rates jump past 5%, signaling more home price cuts ahead

Next up will be a slowing in the car biz - and the resulting layoffs.....
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  #6132  
Old 10-10-2018, 08:45 PM
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Everything dropped hard today. Just when I thought I was gaining some serious steam. Oh well, there's always tomorrow.
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  #6133  
Old 10-11-2018, 01:33 PM
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Looks like another rough day today.

Granted, i've got quite a few years ahead of me, so the downturn may just be a good opportunity to put some more money to work.
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  #6134  
Old 10-11-2018, 03:04 PM
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Quote:
Originally Posted by GregWeld View Post
Well..... here we go!!


The idiots at the FED are just bound and determined to wreck a good thing....


Headline today.


Mortgage rates jump past 5%, signaling more home price cuts ahead

Next up will be a slowing in the car biz - and the resulting layoffs.....
I personally think things need to cool down a bit to avoid a huge mess like last time.
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  #6135  
Old 10-17-2018, 10:13 AM
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Quote:
Originally Posted by Vegas69 View Post
I personally think things need to cool down a bit to avoid a huge mess like last time.



With a 7% decrease in mortgage applications - you might just get your wish!
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  #6136  
Old 10-17-2018, 10:46 AM
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Sweet, more time to have some fun.
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  #6137  
Old 10-19-2018, 11:14 AM
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And just like that...BAM...my portfolio is back up to pre-correction highs.

Thanks PG...
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  #6138  
Old 11-08-2018, 11:32 PM
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And just like that...BAM...my portfolio is back up to pre-correction highs.

Thanks PG...


Good Lance. The only losers are the people that think long term is Tuesday at 2.....

Basic investing is about fundametals. Is business good? Are companies profitable? Are they growing or laying off..... in other words - until things CHANGE the swings are just noise.

Pay attention to fundamental change - are we beginning to see sales slowing - house prices dropping - sales slowing - layoff announcements etc — then you want to think about selling some stuff and raising a little or a lot of cash —- but right now - if you’re paying any attention - you’re not hearing any of that kind of talk. Housing tanks first —- this is something to really pay attention to now and for next couple quarters (as rates rise).
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  #6139  
Old 11-11-2018, 12:21 PM
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Default Food for thought!

Yale economist Robert Shiller has joked about how there's nothing special about a year. Twelve months "is the time it takes the Earth to go around the sun," he says. "I don't see any other significance."

If a stock, bond, or fund is down for the 12 months from one particular January to December, how much should you care? What if it's back to positive returns by the next February, or April, or December?
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'70 Mustang w/6" junk body - Tube chassis - 707hp LS7 oil pump - PPG 6 speed sequential trans - big aero - big tires.... Worst pile of crap and even worse looking, turd in the fleet. https://lateral-g.net/forums/showthread.php?t=56209 CHECK IT OUT! Have puke bucket ready! https://www.youtube.com/watch?v=VwPCd1Io3CI&t=9s And yes she could be a runner...... https://www.youtube.com/watch?v=AHku2sKqQBc&t=353s
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  #6140  
Old 11-11-2018, 12:50 PM
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Speaking of Shiller... the Case-Shiller Home Price Composite Index was a ground breaking development in tracking (and helping predict) RE price trends when it was released.

Carry on, Greg. LOL
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