Aug Sep and Oct will see MAJOR fall in indices. Target 4400/4500 on the FTSE and 940 on the S&P in Oct. The low will come in Oct. Then we'll look for a buy-in for a counter trend rally. US GDP today will lend direction. But even if the market goes UP on that figure and on figures next week..no gains are set to last. Get out of long positions or hedge them.
Approx 115 million homes in US and close to 20 million foreclosed / empty, with interest rates at all time lows. Not to mention commercial property......
This why Im adding to my short positions. I just finished refinancing my primary residence from a 5.5% 30yr fixed to 4.25% 30 yr fixed and check out this little doozy I found taking a closer look at our appraisal. This is what he wrote "REO and "short sale" listings are approximately 50% of the properties listed and sold of comparable properties to the subject within the past 12
months. This trend has increased and appears to be on an upward trend." YEA, THE TSUNAMI IS COMING!!
Aug Sep and Oct will see MAJOR fall in indices. Target 4400/4500 on the FTSE and 940 on the S&P in Oct. The low will come in Oct. Then we'll look for a buy-in for a counter trend rally. US GDP today will lend direction. But even if the market goes UP on that figure and on figures next week..no gains are set to last. Get out of long positions or hedge them.
buffett1000 1 year ago
Approx 115 million homes in US and close to 20 million foreclosed / empty, with interest rates at all time lows. Not to mention commercial property......
goldwing25 1 year ago
This why Im adding to my short positions. I just finished refinancing my primary residence from a 5.5% 30yr fixed to 4.25% 30 yr fixed and check out this little doozy I found taking a closer look at our appraisal. This is what he wrote "REO and "short sale" listings are approximately 50% of the properties listed and sold of comparable properties to the subject within the past 12
months. This trend has increased and appears to be on an upward trend." YEA, THE TSUNAMI IS COMING!!
TheEarthGerm 1 year ago
US dollar is dropping, yet the Dow is dropping. The weaker US dollar should make the Dow go higher. this is very troubling.
Lockemeister 1 year ago
@Lockemeister No kidding. Once Bernanke launches QE 2.0, watch out. US will go Weimar Republic, and 2008 will look like good ol' days.
dlmaniac 1 year ago
Thanks for the daily video!
20 million empty houses in US, foreclosures are increasing rapidly.
goldwing25 1 year ago
Good luck,
Nikemikey5905 1 year ago
I am shorting again, sold little early today, however made another profit and bought more shorts as market rebounded
bohemianh 1 year ago
Other major problem is the coming jump in housing foreclosures in response to alt A and option ARMS resets that are underway.
cunnidvd 1 year ago
I cannot wait for that knockout punch on the downside. I am short and just waiting.
Bmx33606 1 year ago