Comments on: Existing Home Sales Fall 4.6%

By: Mannwich

Mannwich — Tue, 24 Mar 2009 00:37:04 +0000

Got SRS?

http://www.bloomberg.com/apps/news?pid=20601109&sid=aR72TKlxCQ7A&refer=home

By: Mannwich

Mannwich — Tue, 24 Mar 2009 00:20:18 +0000

@ben22: I’m with you on SRS. Just biding my time. Still mostly long cumulatively in my portfolio but I love SRS as a medium term play here (and still hold a small amount). I can’t see how that one doesn’t have at least a few more runs in it to the upside.

By: DeDude

DeDude — Mon, 23 Mar 2009 23:32:40 +0000

Since September the Y-o-Y changes have been fairly modest. With reality beginning to be reflected at the price level, and the incentives from the stimulus plan beginning to take effect soon, I think the Y-o-Y changes will continue to be in the low single digits and more likely to turn positive than remain negative, by the end of spring.

By: ben22

ben22 — Mon, 23 Mar 2009 23:17:29 +0000

@DL

who cares about SKF, the action this year will be to watch SRS, should be lots of opps to trade that one this year.

By: call me ahab

call me ahab — Mon, 23 Mar 2009 22:53:35 +0000

otto-

you crack me up- you love the attention- don’t deny- and you’ll get plenty of attention when you are one of a few dissenting views- but it’s ok- I don’t like the tunnel vision thing- I like to get other views.

By: Douglas Watts

Douglas Watts — Mon, 23 Mar 2009 22:44:54 +0000

@CNBCSucks: “After months of preaching against Republican supply-side Keynesian evil, I spent a little time on DailyKos preaching against Democratic supply-side Keynesian evil. The leftwingnuts are defending Tim Geithner as if he were Mother Jones.”

CNBCSucks is correct. The Hope Zombies are now wandering aimlessly and hungrily through the foreclosed mall of their own imaginations.

It is not a pretty sight.

And I’m a Marxist.

By: ottovbvs

ottovbvs — Mon, 23 Mar 2009 22:19:44 +0000

call me ahab Says:
March 23rd, 2009 at 5:24 pm

……Well my wife would say….Books do furnish a room……I’d say I like re-reading books and I have to refer to them sometimes when you guys gang up on me…

By: call me ahab

call me ahab — Mon, 23 Mar 2009 21:37:46 +0000

@ Moss-

you are absolutley right- in a real market people buy what they can afford because they plan on being there a while and low rates make a home more affordable. In a bullshit market people are spculationg and are betting only that they can re-sell soon at a higher price. Two different dynamics.

By: Moss

Moss — Mon, 23 Mar 2009 21:32:29 +0000

It would be interesting to understand the correlation between home sales and rates. I think sales will increase simply due to lower rates as opposed to the expectation of appreciation.

By: call me ahab

call me ahab — Mon, 23 Mar 2009 21:24:17 +0000

set yourself free otto- donate them to the library- keep the ones you reference all the time of course- but the others- why keep them?