Comments on: Manhattan Awash in Office Space

By: Bob A

Bob A — Wed, 03 Dec 2008 04:47:51 +0000

check out downtown Seattle dude.

home of the Bank formerly known as Washington Mutual

great place long as you don’t care if the sun’s ever out

By: AGG

AGG — Wed, 03 Dec 2008 04:04:02 +0000

The year is 2008. So what, exactly, do you need an office for anyway? You can always add bathrooms and parking spots around your house. Zoning laws? Forget about enforcement in today’s climate. How many clients really need to be physically present for you to service them? How much of it is ego? Can you get high speed internet in your house? Then you don’t need an office. However, office affairs are much harder to pull off with a home office. Yeah, I know it’s boring but if you want a certain thing associated with work, admit it and stop beating around the bush. Human relations always require a bit of hypocracy but our western civilization life AND business model is self destructing. Try something new and more efficient. You can’t possibly make it worse than the status quo does.

By: Andy Tabbo

Andy Tabbo — Wed, 03 Dec 2008 01:44:25 +0000

Some off topic technicals for tomorrow’s trading for any of the swing/day traders out there…and I know you’re out there.

I see two key areas of resistance for tomorrow:

851.73-855.74 as a=c targets and 50% retracement, respectively
871.70-872.31 as 1.618*a=c target and 70.7% retracement, respectively.

Pretty tight alignments. We actually hit 850.54 near the close today so perhaps this little “b” wave completed on the close. If the market does beat a retreat from either of these levels, then look out. We could be in store for a leg down very similar to what we saw on Monday.

Daredevil aggressive traders should be selling into these R1 and R2 levels with a stop above 880…don’t want to see a decisive break of 880. I see clear sailing higher if we can breach that level.

Best of Luck,

-AT

By: 10 cc

10 cc — Wed, 03 Dec 2008 01:31:45 +0000

Here in Central Jersey, about the only new commercial buildings finished in the last two years that are occupied were built for a specific tenant (drug, hotel, grocery chains etc.). There are many office or retail space buildings apparently built “on spec” that have been sitting empty for well over a year; not even a “Coming Soon” sign to be seen.

By: Mannwich

Mannwich — Wed, 03 Dec 2008 01:11:35 +0000

I keep trying to find a reason why SRS is NOT a good play now and probably well into ‘09. It just seems so obvious, which makes me very suspicious. Now how can the Feds screw me up on that trade? Any0ne have any answers?

I’ve been going to this well quite a bit over the last few weeks and am trying find reason why I shouldn’t go back to it.

By: TrickStar

TrickStar — Wed, 03 Dec 2008 00:48:45 +0000

I’m long BOT – that’s the 3x levered ETF that tracks any and all businesses that get bailed out.

Doh! What a great idea.

By: drudru

drudru — Wed, 03 Dec 2008 00:32:23 +0000

This is so obvious. That retail analyst on Bloomberg video (Davidowitz?) did a great job describing how bad it is going to get.

This should be good for SRS. I read that this ETF is specifically short Commercial RE.

By: rww

rww — Wed, 03 Dec 2008 00:24:43 +0000

The future is too scary. It’s sitting right there for everyone to see now and nobody wants to look.

By: Mark E Hoffer

Mark E Hoffer — Wed, 03 Dec 2008 00:09:30 +0000

BR,

these contemporaneous posts are nice, and all, but when does TBP start looking fwd:, into what’s coming down the pipe?

By: ben22

ben22 — Wed, 03 Dec 2008 00:00:37 +0000

BR,

Not that it’s really comparable but the same thing is going on here in Wilmington DE.