this is looking bad... praying to god we find some buyers.....
Is steve liesman the stupidest economist in the world..... Sure he only has a masters.... but that only makes him slightly smarter than a PHD... I guess there are dumber ones
So, average American owns what last fall was a 400,000 home.
that home is projected to be worth 300,000 but the market isn't liquid because we have 8 months of houses in the market.
The fact that they just lost 100k-50K that won't affect them..... especialy if they don't even have 100K in equidy and may as well just cash out....
PUT YOUR FUCKING LEGS BACK ON THE TABLE ASSHOLE!!!!!!
WTF I just looked at his Resume..... he has no economic background..... Masters in journalisum, and B.A. in english.
none of that means we arn't going up..........
I wan't someone at CNBC to say "THIS IS ONE SCARY VOLITILE MARKET" if your not an aggressive trader.... Get out......
Housing sales continue to show no bottom....
BTW there could be a lessening of the decline in housing sales next month, since a lot of this was caused by the lockup of the credit market.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Tuesday, October 2, 2007
tale of the tape
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