Area Foreclosures

[30ashopper]

Nah, just trade them on hourly graphs.

What do you mean by that? Are you talking very short term, day trading type work?

 

[traderx]

What do you mean by that? Are you talking very short term, day trading type work?

Not day trading. True day trading is trading the tick. My mind is not equipped for day trading. I mean trade them on hourly graphs. You may trade a couple tiimes per day or per week. Just depends on the trend.

 

[JoshMclean]

I've got to go post a response to a friend in Dallas to check out SoWal. She just wrote that they are interested in buying on the beach here and asked about good deals.

I just sent you an email.

 

[TooFarTampa]

From my experience of last year, averything 'managed' produced the worst return. The management was just too optimistic or unable to react quickly enough. Mutual funds got hit particularly hard last year, I feel for anyone who tried to ride it out in their 401K, they have a ways to go to get it all back.

My personal preference in this 'traders market' are the leveraged long ETFs. Going long on blue chips isn't something I'm willing to do yet, I'm too paranoid about another major drop, and inflation in 2010. I'd like to be in commodities if that happens.

So, the Dow is down another 300 today, and the stated reason is poor December retail sales. Duh. Did we not already know this? Even if we didn't know the numbers, we could guess, right? And the market wasn't already operating under the assumption that the numbers were going to be bad? I can't tell if the market is just jittery or if we will just continue to see a slow decline for the rest of the year (rather than a big dramatic plunge).

 

[ClintClint]

The only thing closest to a sure thing ( could be long or short term ) but definitely a sure thing from this point, is the fact that ultimately interest rates are going substantially higher. Thus, buy TBT.

 

[30ashopper]

So, the Dow is down another 300 today, and the stated reason is poor December retail sales. Duh. Did we not already know this? Even if we didn't know the numbers, we could guess, right? And the market wasn't already operating under the assumption that the numbers were going to be bad? I can't tell if the market is just jittery or if we will just continue to see a slow decline for the rest of the year (rather than a big dramatic plunge).

Retail sales and a bunch of bad news from banks. Check out these retail sales charts -

http://www.calculatedriskblog.com/2009/01/retail-sales-collapse-in-december.html

We've never seen anything like this before. I think the decline surprised people.

Market downside from here seems to me to be probable, the S&P500 and the Dow are still like 10% higher than the November lows or so? Something tells me the next three weeks could be down down down. (Although we do have the swearing in next week, that might throw a wrench in this bear's plans.)

 

[TooFarTampa]

Retail sales and a bunch of bad news from banks. Check out these retail sales charts -

http://www.calculatedriskblog.com/2009/01/retail-sales-collapse-in-december.html

We've never seen anything like this before. I think the decline surprised people.

Market downside from here seems to me to be probable, the S&P500 and the Dow are still like 10% higher than the November lows or so? Something tells me the next three weeks could be down down down. (Although we do have the swearing in next week, that might throw a wrench in this bear's plans.)

Those darned Obamoptomists.

Though the Treasury pick did not help. :shock:

 

[traderx]

Plus Russia won't send gas to Europe, or the Ukraine is blocking gas supplies, or Europe won't hold their mouth the right way for Russia or whatever it is today. Maybe the market is worried that Russia is building excuses to invade the Ukraine?

There has got to be a bunch of bad news ahead. People are not spending money, housing market still in the tank and credit still difficult for most. I do not think we have seen the lows for stocks. A well-known analyst has called for 600 on the S&P500. This can get very ugly before it is all over.

 

[chanster]

be very careful with 2x and 3x etf's. they have massive erosion over time as they use futures and options that erode in value daily. to get a snapshot of the devasation of holding leveraged etf's look no further than the financial long etf uyg. place a graph side by side with uyg's underlying 1x etf xlf which it tracks. go back 6 months and look at specific prices xlf was trading at and check uyg's price. THERES BEEN AROUND 60% PRICE EROSION IN UYG THE LAST 10 MONTHS. so an example is this. xlf is $10 today goes to $17 and is back $10. it does this in 5 months. uyg would be $10 goe to $23 and be back to $4 today. LONG TERM THESE ARE DEATH. I DAY TRADE THE PISS OUT OF SRS AND SKF

 

[30ashopper]

be very careful with 2x and 3x etf's. they have massive erosion over time as they use futures and options that erode in value daily. to get a snapshot of the devasation of holding leveraged etf's look no further than the financial long etf uyg. place a graph side by side with uyg's underlying 1x etf xlf which it tracks. go back 6 months and look at specific prices xlf was trading at and check uyg's price. THERES BEEN AROUND 60% PRICE EROSION IN UYG THE LAST 10 MONTHS. so an example is this. xlf is $10 today goes to $17 and is back $10. it does this in 5 months. uyg would be $10 goe to $23 and be back to $4 today. LONG TERM THESE ARE DEATH. I DAY TRADE THE PISS OUT OF SRS AND SKF

We'll I'm not surpirsed a double-long financial ETF lost 60% in the last 10 months. But going forward I think there's serious upside to UYG.

This was an amazing day today. I have to wonder where we're headed. Tomorrow could be another down day but next week we have the swearing in, following that we have the stimulus news in Feb. Overall I'm wondering if we'll see another rally. The only fly in that ointment is 4th quarter earnings, but the market has been trading up on bad news, so who knows.