LOL! Today's market has been so volatile, even Yahoo's stories have been conflicting. I looked earlier, and the headline was gloom and doom with the market being up 100 points, and I just looked before today's close and the Headline talks about stocks being up and bargain hunting with the market being down 150. http://finance.yahoo.com/ (we'll see how long that headline stays up)
does anyone have an opinion on HMC (honda)? they have the most fuel efficient cars and are releasing the cheapest hybrid to be produced in february.
hm that is true. lol im really looking at apple right now. does anyone think its gonna drop a bit more?
I expect 4-5 days of hovering. DOW up a total of 250 points in those days. Then a 15-20% drop. So yes, Apple will be down.
There seemed to be tiny pieces of good news start flowing in today. I don't know if I agree with that 15-20% drop that mlwoo mentions. I think it'll drop a little more, but it feels, with today's ups and down that we might just bounce along the bottom for a while within plus or minus 4-5% of where we are now. I think the home sales news that came out today might be the beginning of a real estate recovery, but it might be too soon to tell as well. Remember, real estate has been down for about 18 months now and possibly will be the first thing to begin recovering.
I think those tiny pieces of news are not enough to overshadow what is going on. The sell-offs at the end of each and every day are caused by lack of investor confidence. Until they are willing to hold that position once it has gone up 5%, we know that there is not any confidence. The whole economy must recover before real estate can begin recovering. If there is no business, high unemployment, a ****ty dollar, land won't be worth anything. These "pending" housing sales are fake news. The ongoing financial crisis effects everything involved in real estate. I guarantee you until people do not believe they can specualte this turbulent market and it finally goes to hell and the put call ratio is through the roof, we will not have a bottom. I see it coming later rather than sooner.
Hold onto it (C). I'm not anywhere near as knowledgable as some of these guys, but I think it's a good buy. I'm making a risky play on DYN for 25-30%. It's just lottery money.
I agree with the ending housing sales not translating into actual sales. It's pretty common for a closing to fall apart due the buyer unable to obtain appropiate financing. I think foreclosures will actually go up, because unemployment numbers were worse last month. Those folks won't be able to sell, even if they had put down a 20% down payment. Their equity is nothing, after the real estate depreciation and excess inventory on the market. These foreclosures should hit the market in about 6 months to a year.
