HOBOKENROCKS's Profile
- chi
- never
- 2 years
- U.S. Non NYC
- Rental
- consultant
- Male
- 35
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Author's Comments
dave that is the fed's sneaky way of printing. They want those long term rates down. This way people can afford homes, prices of homes stabalize and all the junk securities can start trading again. We will see if they get out of it what they want. If they don't the next round is straight out purchasing assets to stabalize their values..
Posted by: HOBOKENROCKS at November 20, 2008 4:37 PM in response to Oh No...
Dave I WROTE ON A DIFFERENT FORUM about the fed printing by buyign the 10 yr and it came down alot today. That should bring interest rates down on mortgages. I still would like to see a 5 percent 30 yr. That plus some tax holiday will get us out of this deflationary spiral. I hope for a huge drop in the market friday morning. Testing 6900-7200 on the dow. The fact that the world is dropping rates will help. But we will see if people start spending. I think the only way to get people out of cash is by more printing thus bringing the dollars value down, creating a negative interest rate on dollars.
Posted by: HOBOKENROCKS at November 20, 2008 4:23 PM in response to Oh No...
I will tell you biff if deflation keeps bringing the market down than I will be able to get it by end 2009 or early 2010. It will probably be a full rehab job though. But if at one point inflation comes back into the mix than I may never be able to get it at even 1 million... I am rooting for deflation for the next year and after I purchase A whole lot of inflation...
Posted by: HOBOKENROCKS at November 20, 2008 4:06 PM in response to Oh No...
I know but I can afford more now dave, lol
Posted by: HOBOKENROCKS at November 20, 2008 4:01 PM in response to Oh No...
the sp 500 tested the 750 range ... I wrote this a week ago. Wow I am good
Posted by: HOBOKENROCKS at November 20, 2008 3:57 PM in response to Oh No...
the sp 500 just hit the 750 level i spoke of a week ago. I am good...
Posted by: HOBOKENROCKS at November 20, 2008 3:52 PM in response to Need tin installer
The scariest part is they are printing and printing like crazy. And still the market is not looking great. Any true bottom would only form after a 2-6 month upward movement in the market. Followed by a retest of the lows and upward movement from there. But we have yet to get that so I still see downward movement. The fed will wind up printing until they can reinflate. This will cuz a decrease in value of our dollars. You see it already with the tarp, or with the fed actually exchanging dollars for securities or with the tax laws put into place for companies like Wells to buy Wachovia. The thing is we have a shortage of credit which is lowering the money supply. Therefor the fed will keep doing what they can to get our market stabalized. The rest of the world will have to deal with it because if we go down they all do to. The surest way for this market to go up is letting it go down to the bottom sooner than later. Take the pain and let me make some money... As for the fed printing yes they are, anytime the fed takes useless collateral for actual dollars than they are printing, the fed is also buying up our 10 yr bond to get the rate lowered to help bring down our mortgage rates..
Posted by: HOBOKENROCKS at November 20, 2008 2:40 PM in response to Faulty information and Lies...
What, do you really believe that the fed lets everyone know what they are doing. They have essentially started printing money if they are purchasing their own 10yr bonds which I hear is what they are doing. They have also started printing as soon as they start throwing money at bad companies. The tarp was originally intended to buy bad assets, assets that really had no intrinsic value. Monetization is the printing of bank notes by the central bank, that is what they have done when they started taking securities for currency , especially since alot of these currencies have no intrinsic value. The fed now has a huge balance sheet of little to no intrinsic value securities. That my friend is printing the presses. Its like the fed buying up that home that sold for 3 million last year for 3 million knowing quite well that it would only fetch 1.5. Though at least the home has intrinsic value those securities based on models have no intrinsic value.
Posted by: HOBOKENROCKS at November 20, 2008 11:13 AM in response to Who Says There's No Credit!
What we have right now is a cut in the supply of money. Because credit has contracted as well as all asset prices money is now contractiNG. The fed is trying to fight this by printing the press. The fed has started to buy the long term bond because no smart person would and two because they want to lower rates on homes. This in effect will make it easier to buy homes. The fed will then start purchase assets creating a false bubble. Which asset he will do this to is beyond me. I write this because that is what he wrote he would do in his papers on the depression. Open the spigots and get out of the way because if you thought your house was going down our dollars will be too. This may create inflation which would help others but not people with dollars. I have already started buying actual gold...
Posted by: HOBOKENROCKS at November 20, 2008 10:34 AM in response to Who Says There's No Credit!
I have been getting letters like this also. I think the big banks are looking for the top tier credit guys and giving them more credit. I have been swamped by 0 percent offers from all my creditors.
Posted by: HOBOKENROCKS at November 20, 2008 10:19 AM in response to Who Says There's No Credit!
In at the end of the day with a bunch of puts, I see a big crash coming and buying puts is the way to go. I shorted commercial banks which i am sure many will be doing...
Posted by: HOBOKENROCKS at November 19, 2008 4:05 PM in response to Fed's Kohn Says Crisis `More Severe' Than Episodes Since 1990s
I hear Credit Default swaps are once again going up. Is this the start of another big drop..
Posted by: HOBOKENROCKS at November 19, 2008 12:52 PM in response to Fed's Kohn Says Crisis `More Severe' Than Episodes Since 1990s
Bush will go down as possibly the worst president to ever get 8 years in office. Right now their is no easy answer for what we are going thru and what we are going to go thru. The only way out of this is to go thru a deep recession and not borrow any more. We must take a bad 10 yrs of low spending and high taxes. Of course if we make a huge discovery in energy than we can better our future. As for asset bubble this one we just went thru is nothing compared to what happened in Japan in the 90's where people were paying over 100 grand for a square foot for homes. Highest square ft prices i have seen are 3000 sq ft.
Posted by: HOBOKENROCKS at November 17, 2008 9:49 AM in response to Obama's First Interview: Oh my God!
I may also be interested , my frame is connected on two sides so I would only have to do one side. Send me pics lastcoke@aol.com. Or post the pics on brownstoner.
Posted by: HOBOKENROCKS at November 14, 2008 9:36 AM in response to Extra Hardiplank for sale
What we are in a long term bear. And as much as I tell myself not to get greedy I still sometimes do so. I am going to try to listen to that part of the brain that says don't get greedy ,more often... One thing that is sure is that when the market hits close to 1000 on sp 500 or 9600 on the dow its time to short it..
Posted by: HOBOKENROCKS at November 13, 2008 2:56 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
Hope this market goes up I would really like to short it again. China holds our futures in its hands. They sell those treasuries while the USA is trying to sell them than the bond market will implode. Interest rates will skyrocket. And I am thinking of a good way to short all this... HMMMM
Posted by: HOBOKENROCKS at November 13, 2008 2:43 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
wow this market moves fast, had to sell my position, the chart started looking bullish so i had to sell.. When you get greedy you always lose. Even though I did really well I lost about 25 percent from the top of my gain
Posted by: HOBOKENROCKS at November 13, 2008 2:32 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
The only problem I see is that market lows are usually made on huge amounts of fear and usually early in the morning and with huge volume. November 15th is the last redemption for hedge funds and who in their right minds would be buying huge right now. I hear most hedge funds are ready for the redemptions and if they don't get them than we can see a big spike in the market. The chart on the sp 500 for the last 30 minutes looks bullish .
Posted by: HOBOKENROCKS at November 13, 2008 2:16 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
Dave you are probably right but I want to see what happens with Bush speaking today. He usually gets a nice drop after he speaks
Posted by: HOBOKENROCKS at November 13, 2008 2:00 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
the what if that happens I wouldn't be surprised. But it would be the biggest money making oppurtunity ever. Either way I like volatility.... If we don't have a good down day on Friday than we go up again for the short term..
Posted by: HOBOKENROCKS at November 13, 2008 1:53 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
Dave what do you think about the market at this point? Do you believe we test the 2002-2003 lows of the market. I do. I would love to see a great big sell friday morning. I would sell my SDS and buy Synaptics and others.. What are you looking at? The market is rallying but I am going to get greedy just for this one time and stay short. Yea I know usually a bad move.
Posted by: HOBOKENROCKS at November 13, 2008 1:43 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
We should test Friday or Monday. The 15th is a Saturday. Once we test and don't break thru I think the market is a buy. And a strong buy at that. But don't get too happy its the mother of all fakes. Be carefulllllllll.
Posted by: HOBOKENROCKS at November 13, 2008 1:13 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
We broke support this market is heading down. November 15th should be a day we test 750 on the SP 500. We will see...
Posted by: HOBOKENROCKS at November 13, 2008 12:54 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
derwood i actually see the dow at 3000-4000 unless we can get inflation on the table and deflation. If deflation stays on the table than we go down. This all depends on how fast the money from the Tarp is handed out. And how fast the government realizes they need to put another 500-900 billion into the problem at least. Deflation stays as long as everyone stays overleveraged. The banks are getting help from the government to get their capital ratios up but what are they doing for the regular people. Huge tax cuts for the middle income must be provided. Tax cuts on purchases of homes and on companies that hire. Consumers are overleveraged and their is nothing that can be done about it so the consumer is gone. The force of reflexivity is taking place and the downward spiral only becomes harder to stop the longer you wait.
Posted by: HOBOKENROCKS at November 13, 2008 12:50 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
One thing most are not getting. This deflation is actually good for the people who already have money. If you are leveraged at this time deleverage. If your in cash and own a home you love than there is no problem for the USA and the rest of the world is hard at work making our dollars worth less. Inflation may or may not come but right now deflation is what we have and being in cash is great now. If you can sell a property sell it now. If you are happy keep it for happiness is always better than money..
Posted by: HOBOKENROCKS at November 13, 2008 12:40 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
BOOOOOOMMMMMM, I wrote that this market would turn down at 9600 on the DOW and again I am correct. You guys better start listening to me. House market is next, 6-12 months and you will see at least a 20 percent reduction in all Manhattan and Brooklyn Properties. Interest rates seem to have to go up since China will now start selling US bonds. This may just be the beginning. The stock market will stop falling if we can test the 750 sp 500 range and move up strong. This in turn will start another short term bull market. But this will be the mother of all fakesssss.... My brooklyn heights townhouse for 800 k seems closer to reality..
Posted by: HOBOKENROCKS at November 13, 2008 12:35 PM in response to Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
Any pics of your home. I must say it looks pretty nice. One other question , Where from and where to did you move? Thanks and good luck with your purchase...
Posted by: HOBOKENROCKS at November 12, 2008 5:46 PM in response to The Wasdies--best of my renovation
great day in the market today, at least for me. Dave how have you been doing in this market? And what do you think about the next week. I would like to see a test of lows and possible break on the downside with big volume. If we break than 750 area in the sp 500 is the next tech support. I told you guys over a month ago that when the DOW hit 9600 sell this market...
Posted by: HOBOKENROCKS at November 12, 2008 4:08 PM in response to Just smile and wave boys, Smile and wave.....
November 15th is a big day. I hope the market heads lower as my positions will go higher. I for one think that we at least hit the 2002-2003 lows of 7200 on the dow and sp at around 750 range.
Posted by: HOBOKENROCKS at November 12, 2008 12:12 PM in response to Just smile and wave boys, Smile and wave.....
SEBB is the owner of that 1.5 million dollar home asking 3
Posted by: HOBOKENROCKS at November 7, 2008 2:32 PM in response to Open House Picks
Looks like homeowners in Brooklyn are still on crack.
Posted by: HOBOKENROCKS at November 7, 2008 2:29 PM in response to Open House Picks
While these are not ideal brownstoner homes I am sure they make a nice home for someone. These type homes are all over the poorer areas of Jersey CIty and they too are now going thru short sales...
Posted by: HOBOKENROCKS at November 7, 2008 11:01 AM in response to Horror Show Friday
Excellent speech, the part where he says our stories are singular but our destinys are shared moved me. But after the speech you look at the world he inherits and see that our position as the greatest nation alive is in jeopardy. I hope his ability to lead is as great as his speech. For than we have a chance to get back to good old prosperity when all have a chance to succeed. When that Brooklyn Heights townhouse is priced at that 800k I await for. BTW i have written before that if the dow hits 9600 short it and I have started shorting this market. I believe we have to test the lows again. Good luck to all.
Posted by: HOBOKENROCKS at November 5, 2008 10:13 AM in response to If There Is Anyone Out There...
Is this wall below grade wall I think you should use typs s cement. Befofe you do the work make sure you ask a pro. But I had the same thing done to my house and it has helped. No more water or moisture in the basement.
Posted by: HOBOKENROCKS at November 4, 2008 9:07 AM in response to basement
If we fail to inflate ourselves out of this problem than Dow 4000 will be a reality.
Posted by: HOBOKENROCKS at November 3, 2008 3:20 PM in response to The foundation of fraud.
Worst case scenario is DOW 4000.
Posted by: HOBOKENROCKS at November 3, 2008 3:13 PM in response to The foundation of fraud.
cool buy bank of america they have the government in their pockets
Posted by: HOBOKENROCKS at October 31, 2008 11:30 AM in response to You got had! Banks must lend out bailout money, Rep. Frank insists
With all the good things being written about him than I am sure he will succeed some where else. Probably going to start his own firm.. He was only speaking the truth.
Posted by: HOBOKENROCKS at October 31, 2008 11:07 AM in response to Minsky Out At Corcoran?
The guy was only speaking the truth. Though I hear bonuses on Wall Street to still be pretty good. But my money is on these people being alot more picky. Prices are coming down in Brooklyn and Manhattan.
Posted by: HOBOKENROCKS at October 31, 2008 10:41 AM in response to Minsky Out At Corcoran?
This sounds great.
Posted by: HOBOKENROCKS at October 31, 2008 9:27 AM in response to City Will Buy Foreclosed Homes
I would have to say that the rates adam is posting look like rates I could get at some banks. They look legit to me.
Posted by: HOBOKENROCKS at October 29, 2008 4:08 PM in response to What Mortgage rates are you seeing?
Justin is it me but doesn't backwardation mean a inverted yield curve. Right now we have a steep yield curve.And the fed is aiming for more of a steep yield curve to encourage lending. The rate cut today really has no effect on the long term 30 yr fixed because it is meant more for credit cards and the like. The 30 yr fixed is based on mortgage backed securities and what companies like pimco are willing to pay for those bonds.
Posted by: HOBOKENROCKS at October 29, 2008 3:48 PM in response to What Mortgage rates are you seeing?
Lethacal we agree.
Posted by: HOBOKENROCKS at October 29, 2008 10:02 AM in response to Housing Slump Almost Over
Everyone has a crystal ball. Some work most don'T. I must admit I think prices will get more realistic with rents. But as I have written the best properties in the best neighborhoods will go down less than the less desirable. Percentage terms that is .
Posted by: HOBOKENROCKS at October 29, 2008 9:36 AM in response to Housing Slump Almost Over
Where are the naysayers. How dare you guys say I won't be able to get my Brooklyn Heights townhouse for 800k. As for the 400 k remark weeks ago it was a joke. Even I don' t believe under any circumstances I will ever be able to get a Brr Heights townhouse for 400k... I didn't see anyone answer my question..
Posted by: HOBOKENROCKS at October 28, 2008 5:44 PM in response to DOW UP 800 POINTS. THE WHAT LEAVES TOWN.
Now a question for all of you. Have I or haven't I been correct on the market? My technicals have been right on and DAVEINBEDSTUY can attest to most of this since he is in the business. He may not trade using the same technique but read my past post and look at what I predicted and see that I have been spot on. Whether you believe me or not that I have made money on this downturn is irrelevent.. SINCERE QUESTION.
Posted by: HOBOKENROCKS at October 28, 2008 5:24 PM in response to DOW UP 800 POINTS. THE WHAT LEAVES TOWN.
I would want to leave it if I could get me a great Brooklyn Heights townhouse. And only if I could get me a great Brooklyn townhouse. I have never strayed and written anything different. Tell me wouldn't most people leave their current location if they could get a great townhouse in the Brooklyn Heights area. I love my current location but I think I would love Brooklyn Heights more.
Posted by: HOBOKENROCKS at October 28, 2008 5:16 PM in response to DOW UP 800 POINTS. THE WHAT LEAVES TOWN.
Hey I can see the Washington Bridge from my bedroom window and I can take a pic to prove it. As for Brooklyn I only like the Heights so I will wait for prices to come down. As for now I am great in my gorgeous Hoboken apartment.
Posted by: HOBOKENROCKS at October 28, 2008 5:03 PM in response to DOW UP 800 POINTS. THE WHAT LEAVES TOWN.
LOL, I am hoping for more on the upside. And if I truly wanted a brooklyn townhouse I could pony up the money for one but I wouldn't have any money for the furniture. So I am waiting for that 800k townhouse in Brooklyn Heights and with the remainder I will be buying a great home down the shore somewhere. As for the market I have called this baby. As of now I have no position but if the market were to reach 9600 I would be shorting again.
Posted by: HOBOKENROCKS at October 28, 2008 4:59 PM in response to DOW UP 800 POINTS. THE WHAT LEAVES TOWN.
Ooh Newark is worse than crime ridden brooklyn , I won't go their even if they gave me free tickets. But this story goes to show how even the biggest of developers are not getting the money to build.
Posted by: HOBOKENROCKS at October 28, 2008 10:28 AM in response to Bruce Ratner explored Nets sale!
Great for me, I love going over to the meadowlands with my son to catch a game. This means I won't have to drive to crime ridden brooklyn to watch the NETS. Great news.
Posted by: HOBOKENROCKS at October 28, 2008 10:12 AM in response to Bruce Ratner explored Nets sale!
Most want to see The What stop his posts about the financial crisis going on but you still come on and reply everyday. I think his posts are good because if all you have is the positive side of things you will not see the whole picture. I for one listen to both the positive and the negative so these posts are good. But he does insult people a bit too much.
Posted by: HOBOKENROCKS at October 27, 2008 11:43 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
Pricing will be coming down. It will take at least a year for the market in NY to truly hit bottom most likely 18 months. The prices do not justify the rents you could get on these homes.
Posted by: HOBOKENROCKS at October 27, 2008 9:09 AM in response to The Housing Crisis Has Arrived
Look I had the same problem, until I started posting on Craigslist early saturday mornings. Most of the problem childs don't get up early in the mornings. Instead I started getting professionals and students. I went with the students and they have been fantastic.
Posted by: HOBOKENROCKS at October 24, 2008 6:27 PM in response to ADVISE NEEDED ON HOW TO GET RENTERS
Hoping for a 400 pt down day. That way Monday can sell off close to 10 percent and hopefully bounce up. So I can buy for the next bear market rally...
Posted by: HOBOKENROCKS at October 24, 2008 3:43 PM in response to Oh no.. World markets collapse..
oh my god this is freaking hilarious.
Posted by: HOBOKENROCKS at October 24, 2008 11:36 AM in response to The What - Revealed!
I know prices haven't moved much in the better places. And I doubt they will drop alot unless we truly hit the shits. Here in Hoboken prices have not really dropped. Even in downtown jersey city prices have only dropped about 5 -10 percent. But I still see a drop of 10 -15 percent for all the best areas still to come.
Posted by: HOBOKENROCKS at October 24, 2008 11:29 AM in response to Oh no.. World markets collapse..
Thanks I think its something that would make everybody happy. I have no problem with the families of people who protect our country getting homes at great prices.
Posted by: HOBOKENROCKS at October 24, 2008 11:20 AM in response to Oh no.. World markets collapse..
Do you guys think I can get the Brooklyn Heights townhouse for 800 k cash? I will wait to see if they drop that low. I for one think that the reflexive process of dropping asset prices may just have begun... I hope I am wrong because I hate seeing people hurt but I would be able to get that townhouse for 800k
Posted by: HOBOKENROCKS at October 24, 2008 11:18 AM in response to Oh no.. World markets collapse..
I am hoping for a huge rally but because I want to short it. At this point I can't be short because I am not sure what the government will do. If the government was smart they would buy up these homes on foreclosure and sell them half price to our military families. All of a sudden you have less supply and the moral hazard of helping people who speculated is out the window. If the military families got this kind of help I for one would be happy and not pissed as the asshats who started this problem are getting helped.
Posted by: HOBOKENROCKS at October 24, 2008 11:14 AM in response to Oh no.. World markets collapse..
lethacal take a look at my posts and tell me if my charts which have nothing to do with tea leaves or what ever else you wrote are working. Check my previous posts and see if they were accurate..
Posted by: HOBOKENROCKS at October 24, 2008 9:49 AM in response to Oh no.. World markets collapse..
dave I am hoping for a big selloff with big volume and alot of scared people running from the market. I will get in on BIDU AND AAPL. Those babies are moving if we go up...
Posted by: HOBOKENROCKS at October 24, 2008 9:37 AM in response to Oh no.. World markets collapse..
I wrote about this yesterday. Many didn't believe me. If we can get thru today without breaking 7800 and staYING UNDER at the end we should be ok. But in this market nobody knowss..
Posted by: HOBOKENROCKS at October 24, 2008 9:32 AM in response to Oh no.. World markets collapse..
Look you guys do what you want. I have only posted my beliefs. I have been pretty accurate on most of this thing. I have given actual numbers and wrote that we would crash after the Paulson plan was passed and we broke the 10400 tech range i suggested was important. We than blew up . I hope I am wrong I have absolutely no position in the markets at this point. I truly don't know what is going to happen. But the path of lease resistance is lower. At least for now. Hope that changes. I hear Russia and other countries look really bad. If we have an implosion in one of those countries the market goes down further...
Posted by: HOBOKENROCKS at October 23, 2008 6:19 PM in response to The prefect financial storm has hit land..
ooops ooops , sorry
Posted by: HOBOKENROCKS at October 23, 2008 12:40 PM in response to The prefect financial storm has hit land..
True enought but capitulation only occurs when even the best properties get hit. We have yet to get to the capitulation faze of this down turn. Brooklyn and Manhattan will be hit last but it will be a bad hit. Take a look at gold, it is one of the last assets to get hit, and now its taking the hit. Down 30 percent from highs and down at least 20 percent in the last month.
Posted by: HOBOKENROCKS at October 23, 2008 12:34 PM in response to The prefect financial storm has hit land..
True enought but capitulation only occurs when even the best properties get hit. We have yet to get to the capitulation faze of this down turn. Brooklyn and Manhattan will be hit last but it will be a bad hit. Take a look at gold, it is one of the last assets to get hit, and now its taking the hit. Down 30 percent from highs and down at least 20 percent in the last month.
Posted by: HOBOKENROCKS at October 23, 2008 12:34 PM in response to The prefect financial storm has hit land..
True enought but capitulation only occurs when even the best properties get hit. We have yet to get to the capitulation faze of this down turn. Brooklyn and Manhattan will be hit last but it will be a bad hit. Take a look at gold, it is one of the last assets to get hit, and now its taking the hit. Down 30 percent from highs and down at least 20 percent in the last month.
Posted by: HOBOKENROCKS at October 23, 2008 12:33 PM in response to The prefect financial storm has hit land..
Brookly real estate prices will get hit. It usually takes about a 6-12 months from the low of the stock market to get to the low of the real estate market. That is what happened in 1987.
Posted by: HOBOKENROCKS at October 23, 2008 12:24 PM in response to The prefect financial storm has hit land..
look at a chart of the spx, which is sp 500 and you will see that after the lows of october 10th we made a quick 25 percent rally which has been the high of this current upward trend in the stock market. Yes I say upward trend because we are off the loWS. Now we have to test this low of 830's on the sp 500. But the upward trend looks bad, it has made lower highs since the 25 percent rally. When you get lower highs on the upward trend of this bear market you usually have not hit lows.. I hope I am wrong.
Posted by: HOBOKENROCKS at October 23, 2008 11:56 AM in response to The prefect financial storm has hit land..
On October 10th we hit a low. Soon after we had a 25 percent rally. Since then we have tried to break the top of the 25 percent rally. We have been unable to do so and the 1040 sp 500 level looks like the top. If it is we will test the lows of 830 and possibly break right thru them and down.... Hopefully we test and jump up but down is the path of least resistance. Get ready for the ride.
Posted by: HOBOKENROCKS at October 23, 2008 11:49 AM in response to The prefect financial storm has hit land..
I hate to say it but my current charts are predicting big time meltdown. I hope I am wrong for many people will get hurt.
Posted by: HOBOKENROCKS at October 23, 2008 11:41 AM in response to The prefect financial storm has hit land..
I agree with what WHAT is writing. Property values will go down but not across the board. I think the prime properties will hold up well. But the rest will get hit. The stock market will have to retest the lows to go back up. I have written in the past that the fed will keep printing money, that is now coming true. I will say this, so is everyone else so it doesn't hurt the dollar at this time. If the fed can reflate and the other countries as well we may see upside potential to around 11800 on the dow. Which will in turn make silver and gold explode. Property values will go up but only if the Fed keeps printing and other countries are willing to keep buying our paper at low rates. Don't know how much longer that will last. MARC FABER ON CNBC , THIS GUY IS BRILLIANT LISTEN TO WHAT HE SAYS
Posted by: HOBOKENROCKS at October 21, 2008 9:48 AM in response to Why I can't post...
If the market goes up alot than I would be shorting on Monday. Not thru the weekend because who knows what the government will do. This baby is heading down , I just don't know when. But if it goes over 1040 on the sp 500 than I will be shorting it.
Posted by: HOBOKENROCKS at October 17, 2008 1:52 PM in response to Your future.....
Nice home, that sells for close to 3 million in Hoboken. So I guess it may be worth it. Just not to hip on Prospect Heights. Is it nice their?
Posted by: HOBOKENROCKS at October 16, 2008 6:33 PM in response to House of the Day: 132 St. Marks Avenue
First come lower sales than come lower prices. If you love your home than it doesn't matter. But if you are looking to sell better get it done and fast..
Posted by: HOBOKENROCKS at October 16, 2008 10:14 AM in response to Elliman 3Q Report: Mixed Results
The Housing stock everywhere will go down. Especially in Brooklyn and NY. Whether thE stock market goes up or down. (I believe it has to retest the lows so I think it will go back down before you see any true upward movement. One thing that people don't understand is what the government is doing cannot be sustained. It will work for a while but sooner or later we will pay the piper. Interest rates are headed higher in the future because people will be afraid to lend us money. We are in a huge whole fiscally and its getting worse. With a increase in Interest rates our economy will again slow. With the inability to borrow comes another delevering cycle. I see no chance of housing going up. Our economy may do well if we can find a huge oil field or develop tech that eases the US's dependency on oil. But housing is heading down. It will probably take another 18 months to see the low. And when the price cuts come they will come fast and hard.
Posted by: HOBOKENROCKS at October 14, 2008 3:29 PM in response to Last Week's Biggest Sales: Closing Time at One BBP
MADE A KILLING TODAY ,LIKE MY SON SAYS YESOREEEE. My calls that I purchased on friday were looking great so I took profits. And I even took a nibble on BAC. Loving this market baby....
Posted by: HOBOKENROCKS at October 13, 2008 5:58 PM in response to The last hurrah..
GET A 50 GALLON
Posted by: HOBOKENROCKS at October 11, 2008 9:16 PM in response to How many gallon Water Heater do I need?
REAL ESTATE PRICES STILL HIGH http://www.nytimes.com/2008/10/12/realestate/12deal2.html?ref=realestate
Posted by: HOBOKENROCKS at October 11, 2008 9:22 AM in response to NEW YORK NEW YORK
I took that picture from my balcony. I think the guy is a bit jealous.
Posted by: HOBOKENROCKS at October 10, 2008 11:02 PM in response to NEW YORK NEW YORK
LOL. What what do you mean? You are too pissed off. You should be happy since your views have come true..
Posted by: HOBOKENROCKS at October 10, 2008 9:58 PM in response to NEW YORK NEW YORK
EVERYTHING IS OVERPRICEDDDDD.
Posted by: HOBOKENROCKS at October 10, 2008 9:38 PM in response to Open House Picks: Price Cut Edition
View from my place in Hoboken NJ.
Posted by: HOBOKENROCKS at October 10, 2008 9:33 PM in response to NEW YORK NEW YORK
dittoburg I have made a killing on shorting this market. And I have been writing exactly what I was doing on this site. The What deserves credit for speaking what he believed to be the truth while others blasted him. But he didn't make a penny. So while he was willing to talk he wasn't willing to put money on his beliefs.
Posted by: HOBOKENROCKS at October 10, 2008 7:42 PM in response to Quote of the Day
everyone needs a laugh today, check this out
Posted by: HOBOKENROCKS at October 10, 2008 3:53 PM in response to I told you so...
dude I won't let go of my straddles. Whatever happens next week, I will be protected on the upside and downside. Which way it will go nobody knows. Dave your right when this market goes up you won't be able to catch it
Posted by: HOBOKENROCKS at October 10, 2008 3:50 PM in response to I told you so...
DOWN DOWN DOWN AND OH THIS BABY IS GOING DOWN NOW, I LOVE IT.
Posted by: HOBOKENROCKS at October 10, 2008 3:40 PM in response to I told you so...
UP UP AND AWAYYYYYYYY
Posted by: HOBOKENROCKS at October 10, 2008 3:37 PM in response to I told you so...
Depression would be 20 plus percent of unemployment. Though If these markets keep diving we will in turn get close. 886 sp broke it will go higher
Posted by: HOBOKENROCKS at October 10, 2008 3:17 PM in response to I told you so...
BAC is looking good today. X is trading at 2 times this years earnings. Though I realize those earnings will decline next year , they will still be trading at 5 if they stay in this 40-50 range.
Posted by: HOBOKENROCKS at October 10, 2008 2:50 PM in response to I told you so...
You are now seeing a big time hit in the silver market. They are liquidating those babies. If it goes down to historical prices I am back in...
Posted by: HOBOKENROCKS at October 10, 2008 2:26 PM in response to I told you so...
Dave for the record I am using a straddle on MS , AND X.
Posted by: HOBOKENROCKS at October 10, 2008 2:21 PM in response to I told you so...
Hey I am a CD holder. Just not bitter. Wow this market is crazier than even I thought it would BE. Though I called this last friday... I would rather have had a 20 percent drop on monday and then up. I would have made alot more money that way... This market is just too hard to trade.
Posted by: HOBOKENROCKS at October 10, 2008 1:49 PM in response to I told you so...
http://www.gloomboomdoom.com/gbdreport/download/GBD0306.pdf
Posted by: HOBOKENROCKS at October 10, 2008 1:46 PM in response to I told you so...
Play it thru options. Don't jump in with both feet.... Just feel out the waters and protect your money.
Posted by: HOBOKENROCKS at October 10, 2008 1:44 PM in response to Setting Ourselves Up For A Rally
Iron balls has a point. Most bad market crashes lose at least 80 percent from the top. That would but us at around 3000. That would be scary. If you play the market use options as a hedge.
Posted by: HOBOKENROCKS at October 10, 2008 1:05 PM in response to Dow Status Check
I must admit I really like the Whats POSTS...
Posted by: HOBOKENROCKS at October 10, 2008 9:35 AM in response to I told you so...
That Brooklyn Heights home I want is starting to look like reality. The Market should bottom today.
Posted by: HOBOKENROCKS at October 10, 2008 9:31 AM in response to Banks Putting the Squeeze on Jumbo Loan Borrowers
Boy are you mad. I have money in US bancorp, as well as wells fargo and Hudson city savings bank. In my opinion the strongest of the strong. I also have monies in Chase and my brokerage is Schwab who are just fine. Hey at least you are ahead of most and that is saying alot. Take it easy buddy. You are at 0 percent and that is great in this market... And I don't think you tourette's.
Posted by: HOBOKENROCKS at October 9, 2008 8:21 PM in response to Don't worry be happy...
Boy are you mad. I have money in US bancorp, as well as wells fargo and Hudson city savings bank. In my opinion the strongest of the strong. I also have monies in Chase and my brokerage is Schwab who are just fine. Hey at least you are ahead of most and that is saying alot. Take it easy buddy. You are at 0 percent and that is great in this market... And I don't think you tourette's.
Posted by: HOBOKENROCKS at October 9, 2008 8:20 PM in response to Don't worry be happy...
OBAMA will bring this country back. Mark my words. The first thing we must tackle is our deficit. If not our money won't be worth the paper it is printed on. Bring on the taxes and bring on the Goverment spending. What people don't see is that he will bring our economy from a financial one to a real economy. Real jobs, real business not fake ones. This deflation while not great for alot of people is good for the poor. Their money is now worth alot more. Though they may lose their jobs before all is done.
Posted by: HOBOKENROCKS at October 9, 2008 7:02 PM in response to Dow Closes Down 679 Points
The What has been right but he has made no money on this trade. In my world you make money on your beliefs or they are no worth anything. Though I know for sure he hasn't lost any money. So the WHAT has actually come ahead of most... Just not me. Good luck to all. And yes I do believe the market is ready to turn. If you are buying this market buy a put for protection. Be smart.
Posted by: HOBOKENROCKS at October 9, 2008 6:21 PM in response to Dow Closes Down 679 Points
bklynite, mistake , this market will never go back up.
Just kidding.
Posted by: HOBOKENROCKS at October 9, 2008 6:01 PM in response to Dow Closes Down 679 Points
giddie down. Market will hit a short term bottom on Friday thru monday. Get ready cuz here i come.
Posted by: HOBOKENROCKS at October 9, 2008 5:46 PM in response to Dow Closes Down 679 Points
Only short if the market opens up though.
Posted by: HOBOKENROCKS at October 9, 2008 5:16 PM in response to Don't worry be happy...
I feel you guys truly need to read my stuff at least twice. Sorry just kidding.
Posted by: HOBOKENROCKS at October 9, 2008 5:14 PM in response to Don't worry be happy...
Friday and Monday will be the biggest days you will ever see for the stock Market worldwide. These two days will tell what happens in the future and if our credit based world defaults when CDS market holds a auction on friday.I have called this market so far, believe me I am going short again tomorrow. I see a big fall tomorrow and into Monday. Which will be the climax... Get ready for NOURIEL ROUBINI AND MARC FABER AND JIMMY ROGERS TIME....
Posted by: HOBOKENROCKS at October 9, 2008 5:10 PM in response to Don't worry be happy...
Dave I know The Heights will be a push but depending on what keeps happening deflation makes these homes alot more affordable. I can see anywhere from 20-50 percent off if the market keeps going down. If the 8000 level on the dow breaks and if I see 788 on sp500 break there is doom coming in the housing market.... But I must admit if I see these levels im in cuz at one point the shorts are going to get squeezeddddd. That is why I covered.
Posted by: HOBOKENROCKS at October 9, 2008 4:05 PM in response to Don't worry be happy...
Dave I know The Heights will be a push but depending on what keeps happening deflation makes these homes alot more affordable. I can see anywhere from 20-50 percent off if the market keeps going down. If the 8000 level on the dow breaks and if I see 788 on sp500 break there is doom coming in the housing market.... But I must admit if I see these levels im in cuz at one point the shorts are going to get squeezeddddd. That is why I covered.
Posted by: HOBOKENROCKS at October 9, 2008 4:05 PM in response to Don't worry be happy...
Who wants to sell me their brooklyn Heights townhouse for 700k cash? I am ready to buy it.... I know people are saying no way but this may be a possibility if the market keeps going down.....
Posted by: HOBOKENROCKS at October 9, 2008 3:43 PM in response to Don't worry be happy...
Hey this is by far my best year trading since 2000. Making a killing on this market.So daveinbedstuy is believable depending on the size of his hedge fund. Covered my short at around mid 9000's but they made me a far richer man. All cash besides my great home in jersey city which I collect rents of 3500 and would be lucky to get a price of over 500k. All in all I would not change a thing. Though I do feel bad for some of my friends that didn't believe me about the market tanking. My family were smart to listen to me..
Posted by: HOBOKENROCKS at October 9, 2008 3:31 PM in response to Don't worry be happy...
Hey this is by far my best year trading since 2000. Making a killing on this market.So daveinbedstuy is believable depending on the size of his hedge fund. Covered my short at around mid 9000's but they made me a far richer man. All cash besides my great home in jersey city which I collect rents of 3500 and would be lucky to get a price of over 500k. All in all I would not change a thing. Though I do feel bad for some of my friends that didn't believe me about the market tanking. My family were smart to listen to me..
Posted by: HOBOKENROCKS at October 9, 2008 3:31 PM in response to Don't worry be happy...
Hey this is by far my best year trading since 2000. Making a killing on this market.So daveinbedstuy is believable depending on the size of his hedge fund. Covered my short at around mid 9000's but they made me a far richer man. All cash besides my great home in jersey city which I collect rents of 3500 and would be lucky to get a price of over 500k. All in all I would not change a thing. Though I do feel bad for some of my friends that didn't believe me about the market tanking. My family were smart to listen to me..
Posted by: HOBOKENROCKS at October 9, 2008 3:31 PM in response to Don't worry be happy...
Dave do you truly believe in the earnings of these Chinese companies? I really have a hard time believing anything those companies put out.
Posted by: HOBOKENROCKS at October 8, 2008 3:10 PM in response to Game Over..
Hedge funds don't have to show what they have on their books. So if we ever pass a law to make those guys show if they are solvent or not we will have the dow at 3000.
Posted by: HOBOKENROCKS at October 8, 2008 3:03 PM in response to Game Over..
If I am diving in I will be diving into CHina. This is probably the best oppurtunity to get into the next great country. But I want one really big crash over there to go in. Start looking at countries with better positions than us. The USA has a huge deficit and is thinking about cutting taxes again.
Posted by: HOBOKENROCKS at October 8, 2008 2:16 PM in response to Game Over..
If I am diving in I will be diving into CHina. This is probably the best oppurtunity to get into the next great country. But I want one really big crash over there to go in. Start looking at countries with better positions than us. The USA has a huge deficit and is thinking about cutting taxes again.
Posted by: HOBOKENROCKS at October 8, 2008 2:15 PM in response to Game Over..
What are you looking to do at this point? My belief is that the market will turn by the 10th of October. At leat that is what my charts are telling me...
Posted by: HOBOKENROCKS at October 8, 2008 1:59 PM in response to Game Over..
What are you looking to do at this point? My belief is that the market will turn by the 10th of October. At leat that is what my charts are telling me...
Posted by: HOBOKENROCKS at October 8, 2008 1:59 PM in response to Game Over..
what about redemptions are you getting alot of those? If you don't mind what is the name of your fund. You don't need to answer that if you don't want. A friend of mine works at libertyview capital management and they from I last heard are screwed. They had lehman as their prime brokerage and their money is in limbo.
Posted by: HOBOKENROCKS at October 8, 2008 1:47 PM in response to Game Over..
Dave, are you still in the business?
Posted by: HOBOKENROCKS at October 8, 2008 1:39 PM in response to Game Over..
I will be going long either today or tomorrow , only options as I do not want to get creamed... I feel friday thru monday may be the last hurrah for the shorts.
Posted by: HOBOKENROCKS at October 8, 2008 1:38 PM in response to Game Over..
I will be going long either today or tomorrow , only options as I do not want to get creamed... I feel friday thru monday may be the last hurrah for the shorts.
Posted by: HOBOKENROCKS at October 8, 2008 1:38 PM in response to Game Over..
I hope you followed his advice, he and Jimmy Rogers have been pretty much been flawless on their long term views. Marc wrote about exactly what is happening now 5 years ago. Thank goodness I followed him and his ideas.
Posted by: HOBOKENROCKS at October 8, 2008 1:30 PM in response to Game Over..
8000 dow and 800 sp are the lowest support levels. If we go thru them than I will go to that party cuz It will be the end of the world. Unless you hold cash of course. The WHAT you have been reading RGE Monitor so have I, but I also have been reading The Gloom and Doom Report and he has been out of this world on point on all issues. http://www.gloomboomdoom.com/gbdreport/download/GBD0306.pdf
Everyone do yourselves a favor and read it...
Posted by: HOBOKENROCKS at October 8, 2008 1:15 PM in response to Game Over..
I am going to be able to get this at 250 k next year. Well at least I hope. Though I am ready to offer 700 k for a one family in the Heights.
Posted by: HOBOKENROCKS at October 8, 2008 1:04 PM in response to Co-op of the Day: 63 Cranberry Street, Parlor Floor
WATCH OUT BELOOOOOWWW
Posted by: HOBOKENROCKS at October 7, 2008 5:23 PM in response to Quote of the Day
I knew this would happen. Reinflation is what Bernanke has always said was the answer to the GREAT DEPRESSION. I wrote that he would reinflate and he will wind up buying any security. He is doing it and it will cause big time inflation in the future. But for now deflation rules. If you guys read any papers Bernanke has published than you will see that he will buy up all assets to keep us out of the depression. I don't like that he is doing it because I am all cash and he is printing like a mad man. But I will be putting that cash to use, in the next year and a half which I believe is the time frame it will take for those homes to bottom.. Look out below.
Posted by: HOBOKENROCKS at October 7, 2008 12:09 PM in response to The destruction of wealth...
I truly hope people understand the hugeness if that is a word of this problem. The market is super overvalued on a fundamental basis. BOA made 15 cents a share , that means they are trading at a 50 pe. Well at least it has a PE.... OVERVALUED.
Posted by: HOBOKENROCKS at October 6, 2008 6:51 PM in response to Stocks decline worldwide!!! Global crash alert!!!
Hoboken is back and happy to have covered at around 9800 and something. I am out for now until I see what Libor is looking like. In all reality I truly feel sorry for some people.
Posted by: HOBOKENROCKS at October 6, 2008 6:44 PM in response to Stocks decline worldwide!!! Global crash alert!!!
JUSTIN, Stagflation is only a concern when you have inflation, we are now in just a deflationary time. The USA cutting rates does nothing, but if the ECB AND Boe cut it will help but not solve anything. ECB has rates at 4.5 that is hi and lowering it will help banks make money on the few loans it is giving out. Though rates are not everything. The fed at one point will buy any assets thru its window and provide liquidity that way. The more the market goes down the less any measure the fed or any central banks will help the market. WHY? Because it is what George Soros CALLS A REFLEXIVITY process where the if the biggest assets on peoples balance sheets go down than all other assets underneath will follow suit. Deflation my friend is the scariest of all animals, even more than inflation because it plays out so much faster.... They will keep printing and throwing money at the situation but the lower the market the harder it is to resolve. This asset repricing will in effect bring about a better economy. BROOKLYN AND MANHATTAN WILL TAKE A HUGE HIT.
Posted by: HOBOKENROCKS at October 6, 2008 1:35 PM in response to Stocks decline worldwide!!! Global crash alert!!!
JUSTIN, Stagflation is only a concern when you have inflation, we are now in just a deflationary time. The USA cutting rates does nothing, but if the ECB AND Boe cut it will help but not solve anything. ECB has rates at 4.5 that is hi and lowering it will help banks make money on the few loans it is giving out. Though rates are not everything. The fed at one point will buy any assets thru its window and provide liquidity that way. The more the market goes down the less any measure the fed or any central banks will help the market. WHY? Because it is what George Soros CALLS A REFLEXIVITY process where the if the biggest assets on peoples balance sheets go down than all other assets underneath will follow suit. Deflation my friend is the scariest of all animals, even more than inflation because it plays out so much faster.... They will keep printing and throwing money at the situation but the lower the market the harder it is to resolve. This asset repricing will in effect bring about a better economy. BROOKLYN AND MANHATTAN WILL TAKE A HUGE HIT.
Posted by: HOBOKENROCKS at October 6, 2008 1:35 PM in response to Stocks decline worldwide!!! Global crash alert!!!
Dave I have been posting exact numbers. Do yourself a favor and let this play out. Than get in when you see a true reversal which will be big and hopefully with good volume. But don't hold for too long.
Posted by: HOBOKENROCKS at October 6, 2008 11:31 AM in response to Stocks decline worldwide!!! Global crash alert!!!
Dave I have been posting exact numbers. Do yourself a favor and let this play out. Than get in when you see a true reversal which will be big and hopefully with good volume. But don't hold for too long.
Posted by: HOBOKENROCKS at October 6, 2008 11:30 AM in response to Stocks decline worldwide!!! Global crash alert!!!
9800 hit and bounced, once again I hit the technicals. If I keep it up and I may be willing to pay 1 million for a Brooklyn Heights Townhouse.
Posted by: HOBOKENROCKS at October 6, 2008 11:28 AM in response to Stocks decline worldwide!!! Global crash alert!!!
9800 hit and bounced, once again I hit the technicals. If I keep it up and I may be willing to pay 1 million for a Brooklyn Heights Townhouse.
Posted by: HOBOKENROCKS at October 6, 2008 11:28 AM in response to Stocks decline worldwide!!! Global crash alert!!!
Looks like everyone has run, I think we scared them shitless.
Posted by: HOBOKENROCKS at October 6, 2008 11:18 AM in response to Stocks decline worldwide!!! Global crash alert!!!
That was funny Scrub.
Posted by: HOBOKENROCKS at October 6, 2008 11:04 AM in response to Stocks decline worldwide!!! Global crash alert!!!
Hit 9800 and bounced. Can I get any better? Probably not. Dudes I for one hope this doesn't get any worse because while I like making money I hate seeing people suffer. Though I would love to buy that Brookly Heights townhouse for 700 k cash...
Posted by: HOBOKENROCKS at October 6, 2008 11:04 AM in response to Stocks decline worldwide!!! Global crash alert!!!
I wrote 9800 and where is it now. I will now be changing my name to THE MAN... Meanwhile I have been making some sweet cash. Though I must admit I feel bad for people who don't know any better and trust the dumbies who tell them to stay invested for the long term...
Posted by: HOBOKENROCKS at October 6, 2008 10:59 AM in response to Stocks decline worldwide!!! Global crash alert!!!
Superstar of talk.
Posted by: HOBOKENROCKS at October 6, 2008 10:57 AM in response to Stocks decline worldwide!!! Global crash alert!!!
9800 has been hit I covered. If we see a strong break thru it will get scary for the longs. Lethacal if this market goes down than the housing market in my opinion gets killed in Brooklyn and Manhattan. Rents don't justify the crazy prices people pay for homes in those locations. Someone want to sell that Brooklyn Heights home for a bit over 700k.
Posted by: HOBOKENROCKS at October 6, 2008 10:41 AM in response to Stocks decline worldwide!!! Global crash alert!!!
The WHAT ISN'T LOSING ANYMONEY. Great. But it seems your more mad over not making any on the upside. Get short if you believe in your cut and paste views. If not shut up and take a seat scrub. No balls to get in the game on the upside or the downside yet you are happy. That is what I call a SCRUB. Than you post columns from Forbes about Russia which you know nothing of. Russia is doomed because they have no rules or regulations. Do you not see that the dollar is going up though they keep printing. Everyone is rushing to USA dollar because our markets have some regulation. Stop cutting and pasting and post intelligent views. Or just take a seat and shut up scrub.
Posted by: HOBOKENROCKS at October 6, 2008 10:34 AM in response to Stocks decline worldwide!!! Global crash alert!!!
Lethacal I am not here to wish others harm. I take no enjoyment over others misfortunes. Sure lethacal their will be a huge rally. But this rally will eventually die. Most likely after two months of its start. But it will come back and retest the Lows. One thing about these down markets is that they become a reflexive process. Similar to a dominoe falling. I am short but will cover today. I wrote on friday this would happen and gave 9800 as the next stop. If we break that than I may go back short. The dominoe falling effect is scary. And though I would love to buy a great home at a cheap price I do feel sorry for the people who have money in their 401ks. I have friends and family calling me to thank me for getting them out of their 401ks over 9 months ago... If I was long I would be scared but there will be a rally, I don't know if that comes after 9800 is hit or 8000.
Posted by: HOBOKENROCKS at October 6, 2008 10:27 AM in response to Stocks decline worldwide!!! Global crash alert!!!
People who are getting killed the most are the guys with 401k's who can ill afford to lose their retirement monies. Oh wait the WHAT is getting killed because brooklyn homes are still way beyond his means. He is waiting for 200 k mansion in brooklyn heights.. I myself am now willing to pay 700k cash for one since I am killing this market now... I AM THE MAN. I have called everyone of these moves. the waht is Schadenfreude cuz he too is broke and wants all you to join his party.
Posted by: HOBOKENROCKS at October 6, 2008 10:20 AM in response to Stocks decline worldwide!!! Global crash alert!!!
The What you have yet to make 1 PENNY off of this downturn. So the dumbass is you. You come here to post about the asset meltdown. Though you fail to realize you made no money on the asset bubble or its deflation. Your rants are worthless cuz you have not put your money where your mouth is. You hope to have houses sink to 1980 levels cuz that is only way you will be able to afford anything. I have been making a killing. All of my calls have been beforehand and right. You know not what your talking. If the fed,ecb and boe cut rates we will have a rally. But a classic Bear rally, those are usually the strongest rallies. As for the rest of you guys, take your winnings while you can.
Posted by: HOBOKENROCKS at October 6, 2008 10:14 AM in response to Stocks decline worldwide!!! Global crash alert!!!
The What you have yet to make 1 PENNY off of this downturn. So the dumbass is you. You come here to post about the asset meltdown. Though you fail to realize you made no money on the asset bubble or its deflation. Your rants are worthless cuz you have not put your money where your mouth is. You hope to have houses sink to 1980 levels cuz that is only way you will be able to afford anything. I have been making a killing. All of my calls have been beforehand and right. You know not what your talking. If the fed,ecb and boe cut rates we will have a rally. But a classic Bear rally, those are usually the strongest rallies. As for the rest of you guys, take your winnings while you can.
Posted by: HOBOKENROCKS at October 6, 2008 10:14 AM in response to Stocks decline worldwide!!! Global crash alert!!!
This market will go up if the fed,ecb and boe start cutting rates in tandem.. That will get this thing going up.
Posted by: HOBOKENROCKS at October 6, 2008 9:47 AM in response to Stocks decline worldwide!!! Global crash alert!!!
This is starting to look like what I have envisioned for years. Well not me but Jimmy Rogers, Mark Faber, and others who have written on the overextension of credit. Someone asked me to stop looking at the charts but they have been on point so far. Do yourselves a favor and understand we are in the midst of a huge bear market... In all asset classes except cash. That is next. But way down the road.
Posted by: HOBOKENROCKS at October 6, 2008 9:45 AM in response to Stocks decline worldwide!!! Global crash alert!!!
CODE RED IS RIGHT, if the fed, ecb and boe don't act , I believe THAT the probability of a great market crash on Monday is better than 50 percent.
Posted by: HOBOKENROCKS at October 3, 2008 4:32 PM in response to No Bailout!
1 trillion will have to be pumped in just to make things ok. We have a serious Deflating spiral going on and the only thing in my opinion that stops it is huge capital gains tax cuts which would put a floor on the stock market...
Posted by: HOBOKENROCKS at October 3, 2008 4:23 PM in response to No Bailout!
The bill is too small to work. I have written this before and now the market is reacting to it. The DOW broke 10400 and now I believe 9800 is the next resistance.Wheter we go down that low depends on what the fed,ecb and BOE do this weekend. We will need at least 1 trillion dollars more to bring back liquidity to the markets. Also interest rates cuts around the world and then tax cuts which will reflate this country and others. Then the next and greatest bubble will burst. That huge deficit our country has. Gold may go down short term but if what I say occurs , gold will come back and roar.
Posted by: HOBOKENROCKS at October 3, 2008 3:54 PM in response to No Bailout!
I will buy that Cobble hill home for 600 k in a couple of months. Cash.
Posted by: HOBOKENROCKS at October 3, 2008 1:59 PM in response to Open House Picks
If this market goes in the red, we may have the scariest Monday ever. Thank goodness I have all monies in cash. Unless of course, we cut rates and Europe and UK do to. If we go thru 10400 I think 9800 is the next stop unless rates are cut all around but this may not stop this deflationary spiral. Wow I may wind up buying that Brooklyn Heights house for 500 k cash after all. What do you guys think? If we keep going down all past technicals have been broken and PEOPLE are in deep shit..
Posted by: HOBOKENROCKS at October 3, 2008 1:47 PM in response to No Bailout!
If this market goes in the red, we may have the scariest Monday ever. Thank goodness I have all monies in cash. Unless of course, we cut rates and Europe and UK do to. If we go thru 10400 I think 9800 is the next stop unless rates are cut all around but this may not stop this deflationary spiral. Wow I may wind up buying that Brooklyn Heights house for 500 k cash after all. What do you guys think? If we keep going down all past technicals have been broken and PEOPLE are in deep shit..
Posted by: HOBOKENROCKS at October 3, 2008 1:47 PM in response to No Bailout!
11233, I for one don't won't a brooklyn townhouse unless it is in cobble hill or the heights. But I will say this. The truth is that the housing market will continue to fall but not by another 40 percent. I would say another 10 to 20 percent from current prices. And that still leaves many unable to buy. But it also leaves the owners of alot brownstoners flat or a bit under or over on their homes. If you are smart and have cash as I do, then you will get a good deal, just not in the best locations for they will always attract buyers. So yea, my heights home is out of the question...
Posted by: HOBOKENROCKS at October 1, 2008 6:21 PM in response to Has the Bubble Finally Burst?
plaster of paris is hard to work with use base compound and then joint compound to make it smooth...
Posted by: HOBOKENROCKS at October 1, 2008 5:26 PM in response to Joint compound or plaster of paris?
do you guys think I will be able to buy that brooklyn heights townhouse for around 600 k in a year or two....
Posted by: HOBOKENROCKS at October 1, 2008 5:00 PM in response to Has the Bubble Finally Burst?
Prices in Hoboken are not being hit all that hard. A home near my home on the waterfront was put up and went into contract after 1 week. At ask... But our property values are not as bad as the ones in Brooklyn. Also a friend of mine sold his downtown brownstoner at a price better than what he bought it for in 2005. Not a big profit but a profit. If you bought a home with a good rental roll than you should be fine.
Posted by: HOBOKENROCKS at October 1, 2008 4:54 PM in response to Has the Bubble Finally Burst?
The Paulson plan will fail because it does not provide enough money to really help the problem. The problems are not just the bad loans on the books but also the lack of capital these banks have to make loans. Combine that with fewer banks to lend and you see a tighter credit market. I NAILED THE 10400 LOW and now I tell you this market has a high of around 11400-11800 and if it doesn't reach those highs it is going down further. I also believe this plan should not pass, I think they need to make the plan better for future homebuyers and more capital for small banks who do alot of the lending as well. TRUST ME..
Posted by: HOBOKENROCKS at September 30, 2008 4:30 PM in response to A Letter From The Inside
FEAR WILL REIGN FOR A COUPLE OF YEARS THOUGH. Than we will again see the mother of all asset bubbles. Unless of course this is the mother of all asset bubbles.
Posted by: HOBOKENROCKS at September 30, 2008 10:40 AM in response to A Letter From The Inside
Libor rate is around 7 percent. Ouch. Financing is hard to come by but not impossible. I spoke to a developer at a neighborhood meeting last night and they are moving along with a project of 100 or so units near my rental property in Jersey City. This area didn't have such a huge lift in prices during the boom but now has barely dropped. Rentals in the area support higher prices so maybe that is why the developer is having no problems with financing.
Posted by: HOBOKENROCKS at September 30, 2008 10:00 AM in response to A Letter From The Inside
Libor rate is around 7 percent. Ouch. Financing is hard to come by but not impossible. I spoke to a developer at a neighborhood meeting last night and they are moving along with a project of 100 or so units near my rental property in Jersey City. This area didn't have such a huge lift in prices during the boom but now has barely dropped. Rentals in the area support higher prices so maybe that is why the developer is having no problems with financing.
Posted by: HOBOKENROCKS at September 30, 2008 10:00 AM in response to A Letter From The Inside
the bill will pass and the market will roar back everyone, though I would say if we can't get by 11400 on the Dow we will be headed back down. Remember if you love your home and your mortgage is fixed than you guys are ok.
Posted by: HOBOKENROCKS at September 29, 2008 5:13 PM in response to The end of the America's Banking system.
they yankee bubble just burst. lol
Posted by: HOBOKENROCKS at September 29, 2008 5:08 PM in response to The end of the America's Banking system.
actually i am a yankee fan but they too played horrible
Posted by: HOBOKENROCKS at September 29, 2008 5:04 PM in response to The end of the America's Banking system.
mets suck
Posted by: HOBOKENROCKS at September 29, 2008 4:58 PM in response to The end of the America's Banking system.
no dow 8000 will be a main technical barrier. Technical analysis is what you can trust in this type of market. Better learn how to read the charts.
Posted by: HOBOKENROCKS at September 29, 2008 4:56 PM in response to The end of the America's Banking system.
Check out the credit markets overnight, if they freeze the market will tank and than the biggest drop in the history of the stock market will be reality. I will buy on this drop. You must understand what is happening everybody. HISTORY IN THE MAKING. Don't get scared get smart. Vote Democrat.
Posted by: HOBOKENROCKS at September 29, 2008 4:55 PM in response to The end of the America's Banking system.
Get ready to buy stocks if this bill is passed cuz it will be nice rally. AT least short term... Make money in ups and downs. Not easy though.
Posted by: HOBOKENROCKS at September 29, 2008 4:46 PM in response to The end of the America's Banking system.
DOW8000 SP 800 THOSE ARE THE LOWS OF 2002, THOSE WOULD BE THE HUGE TECHNICAL BARRIERS.
Posted by: HOBOKENROCKS at September 29, 2008 4:42 PM in response to The end of the America's Banking system.
DOW8000 SP 800 THOSE ARE THE LOWS OF 2002, THOSE WOULD BE THE HUGE TECHNICAL BARRIERS.
Posted by: HOBOKENROCKS at September 29, 2008 4:42 PM in response to The end of the America's Banking system.
TOWNHOUSE, NOT FAIR THOSE ARE MY COMMENTS THRUOUT THE MONTH OF SEPTEMBER. Let me make something clear, I don't believe that those townhomes will go down like that. Matter of facT with the country throwing money and money at this problem I would not be surprised that the better locations will get even pricier. Too bad for me..
Posted by: HOBOKENROCKS at September 29, 2008 4:38 PM in response to The end of the America's Banking system.
KINGSTON , SEND IT OVER TO ME, JUST KIDDING. I think this WEEK WILL BE the low for the market. But this will play out during this week. If nothing is passed the market is toast, I am pretty much cash and silver. I like silver cuz its gone down more than Gold though Gold would be the reserve currency if we left paper....
Posted by: HOBOKENROCKS at September 29, 2008 4:34 PM in response to The end of the America's Banking system.
NO DEPRESSION COMING, RECESSION YES. The depression was only a result of the dollar being linked to the gold standard and the fact that the FED didn't print. Sure we can have a nice long recession. But I doubt a depression is in hand. Bernanke will let dollars fly before we see that. So will all the other countries banks. If this bill is not passed than Depression is a certainty. I doubt that happens though, I would not be surprised to see a bigger bailout package come from this. I see money flying down from BENS HELICOPTER. Being tax credits for homebuyers is a way out of this.
Posted by: HOBOKENROCKS at September 29, 2008 4:31 PM in response to The end of the America's Banking system.
dollar being able to purchase less is inflation, asset prices going down in prices is deflation. Wages will go down in a deflationary environment and jobs will be lost.
Posted by: HOBOKENROCKS at September 29, 2008 4:25 PM in response to The end of the America's Banking system.
DAVE THAT WAS FUNNY. LOL. I wish houses in Brookly town heights would go down but even if they do they are not coming down to my level. But I do believe those houses in the 2 million dollar mark may hit 1.2
Posted by: HOBOKENROCKS at September 29, 2008 4:13 PM in response to The end of the America's Banking system.
MAN I AM GOOD 10400. Now from here is up to CONGRESS.
Posted by: HOBOKENROCKS at September 29, 2008 4:10 PM in response to The end of the America's Banking system.
ANY BODY WANT TO SELL ME THEIR BROOKLYN TOWN HOME FOR 500 K
Posted by: HOBOKENROCKS at September 29, 2008 4:02 PM in response to The end of the America's Banking system.
wasder, unlike in the 1930's we no longer have a issue with gold backstopping the dollar. We will print and we will print but if deflation takes hold watch out for your house will get cheaper but moving in next door too you may become even more difficult because no one will lend the money to buy that home up. Of course I am almost all cash so I can buy that brooklyn heights home i have always wanted.
Posted by: HOBOKENROCKS at September 29, 2008 4:00 PM in response to The end of the America's Banking system.
its not bush, its the republican house party . But I truly understand why they have voted against this bill. I don't think this bill helps all that much. The banks will still need more money. THE GOV will than have to give the banks more money to lend. Or like i believe huge tax credits to homebuyers who have great credit.
Posted by: HOBOKENROCKS at September 29, 2008 3:46 PM in response to The end of the America's Banking system.
that 10400 is holding baby. If this holds today and tomorrow, with 10300 a possibility, and the bailout passes this week. We have hit a short term low and its time to buy. If it breaks big time we are in trouble, if the bill passes and it doesn't a short term low has been hit.. Make money baby
Posted by: HOBOKENROCKS at September 29, 2008 3:42 PM in response to The end of the America's Banking system.
bridges , I am not sure, the reserve currency may become Gold. But by disconnecting from the USA other countries will not be susceptible to our greed. The greed of these companies has really undermined the whole economy, not just here but worldwide. They should all be tried and thrown in jail
Posted by: HOBOKENROCKS at September 29, 2008 3:28 PM in response to The end of the America's Banking system.
That's called reality lechacal. That's coming to grips of the implosion of the Mutant Asset Bubble. This Leviathan called the Mutant Asset Bubble has made people lives very rough (Inflation, Asset prices, Greed and Delusion). Main street send a big FUCK YOU to Wall Street. I'm so proud that ordinary Americans put the representatives on blast and kill this bill. This a great day for the citizens of America!
BTW We are going to get our city back, yes sir! I have watched the Asshats invasion for 7 years so I would like to say good bye now....
The What
"""" I too have the views of the What and many others. Inflation , assset bubbles and greed by the big wigs in wall street have hurt many regular hard working americans. And the Representatives saying no to this bill will hurt in the short term but maybe they can come back with something better.
If they don't pass something we will have deflation which is worse than inflation becuase while asset prices fall and the credit market freezes the rich will still have cash and the regular guy who works week in and week out living pay check to check will probably lose his job because of the very thing that was suppose to help him. Deflation usually becomes a death spiral. Many jobs will be lost and the guys who will hurt will be the guys who are worst off already. I do believe that a bill that helps new homebuyers get huge tax credit will be the best. Reward the guys who stood on the sidelines with incentives to help stabablize asset prices.
Posted by: HOBOKENROCKS at September 29, 2008 3:13 PM in response to The end of the America's Banking system.
bridges , if it were only the USA in need of printing it would be ok. Sure our deficit is bad but at this moment the world depends on the USA. Becuase of this we still will be able to print. China has cut rates, europe will too and Uk is also printing by nationalizing alot of banks.. If we all are doing this at the same time than the dollar will not be hurt. Though since all currencies are being prined , gold will go up vs all currencies. If we print and nobody buys than the world economy shuts down... Because we are all connected. At one point in the future the rest of the world will look to disconnect themselves from the USA. When that happens and it will the WHAT will be right. The problem right now is that THE CONGRESS DOES NOT WANT TO PRINT... OOH
Posted by: HOBOKENROCKS at September 29, 2008 3:01 PM in response to The end of the America's Banking system.
lethacal you are right , if the credit markets go than ouch. Cuz as they go everything goes.. Than you will have a dominoe effect of dropping assets. Yummy....
Posted by: HOBOKENROCKS at September 29, 2008 2:50 PM in response to The end of the America's Banking system.
The FED can keep printing but only if the Congress allows. At one point they will change their minds and approve some bill. Though the bill in my opinion should be bigger to address the liquidity of the banks. As of now, I believe that if they don't act we will have a bad situation on our hands. Sure these asshats on Wall street shouldn't get bailed out but not acting is worse than acting.. As for the comment that people won't buy our treasuries is bull they are being bought like crazy right now. The Congress not allowing the Treasury to Print really is the cause of this credit freeze. Remember if we go everyone goes. Though I too would love a great drop in our stock market cuz there is much money to be made.
Posted by: HOBOKENROCKS at September 29, 2008 2:48 PM in response to The end of the America's Banking system.
I covered as soon as the Dow hit 10500, though i was using the SDS to short the sp 500.
Posted by: HOBOKENROCKS at September 29, 2008 2:31 PM in response to The end of the America's Banking system.
I covered as soon as the Dow hit 10500, though i was using the SDS to short the sp 500.
Posted by: HOBOKENROCKS at September 29, 2008 2:31 PM in response to The end of the America's Banking system.
I covered as soon as the Dow hit 10500, though i was using the SDS to short the sp 500.
Posted by: HOBOKENROCKS at September 29, 2008 2:31 PM in response to The end of the America's Banking system.
that is the technical level , if we break than we as a country is in deep caca... Not me though since I have been shorting this market for a while. Though still not rich enough for my heights townhouse...
Posted by: HOBOKENROCKS at September 29, 2008 2:01 PM in response to The end of the America's Banking system.
man i am good, 10400 and the dow goes back up...
Posted by: HOBOKENROCKS at September 29, 2008 1:58 PM in response to The end of the America's Banking system.
man i am good, 10400 and the dow goes back up...
Posted by: HOBOKENROCKS at September 29, 2008 1:57 PM in response to The end of the America's Banking system.
daveinbedstuy makes a good point, the USA can keep printing. Assets will deflate but maybe for only about 1-2 years more. After that watch the prime properties fly higher. The regular properties will stabalize but not go much higher. That really stinks for me cuz I truly want a heights townhouse...
Posted by: HOBOKENROCKS at September 29, 2008 1:32 PM in response to The end of the America's Banking system.
question for all
Will worldwide reflation work to slow down deflation or will deflation start to take hold and bring all assets down? When Japan was faced with similar problems they were too slow to write down bad loans, while they tried to reflate by using low interest rates they still deflated. But they were not the center of the financial world. So they didn't get help from other countries in reflating. I believe China will start reflating cuz they are tied to us, and already have started, Europe will have to as well as they too had a housing bubble.
Posted by: HOBOKENROCKS at September 29, 2008 1:27 PM in response to The end of the America's Banking system.
Easy , the level three assets will be gobbed up by the Fed. The goverment can't run out of money unless we run out of paper and ink. The fact that we are the main economy and if we collapse so does everyone else means they the rest of the world will by our paper no matter what. At least for the next 5 yrs.
Posted by: HOBOKENROCKS at September 29, 2008 1:13 PM in response to The end of the America's Banking system.
10400 is a major tech level. If the Dow breaks that level we may be in for a big one. If not we go up from there for a couple of weeks and maybe if lucky months but at one point we will need more and I mean alot more money put into these banks. We will need worldwide reflation and that means gold and preicious metals will go up. But in the short term this bill if passed will help the market go up some. We need a huge amount of money put into our banks, preferrably the community banks so they can start lending again.. We need at least 1 trillion more baby. My dollars are losing value as I write against gold but good against all other assets. That Brooklyn Heights townhouse I want may be in my sights. 400 K will go a long way if the credit markets freeze
Posted by: HOBOKENROCKS at September 29, 2008 1:06 PM in response to The end of the America's Banking system.
What part of Jersey City? I love Downtown Jersey City and believe if you are looking for a 10 percent down on this type of loan you can try Wells Fargo. There is a Wells H
HEY THANKS, THAT REALLY MAKES ME FEEL GOOD. I post on this site to give info, the truth is we are all in for hard times. I for one don't know what the government is going to do. But if they keep printing than our dollars will devalue. I am buying gold slowly but surely I will also look at purchasing other currencies to diversify away from the dollar.
Posted by: HOBOKENROCKS at November 20, 2008 9:44 PM in response to Oh No...