If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
It was a good run did not think
the dow had 14,000 in it yet.
Hopefully, the bottom happens soon.
Originally posted by Shpira
So came back last night...
Sven Vath was amazing...he played a god damn killer set...ended up going to that and came to at like 10 am in some whore house in south Amsterdam...no idea how I ended up there...friday was a bit of a blur got really drunk and visited several parties can't remember a whole lot to be honest hehe...saturday was probably the best day that I recall...started up in the nearest coffee shop and going from party to party...beautiful woman, beer and weed...finished the night by taking some shrooms and listening to an amazing elke kleijn set...sunday...i met a nice girl who worked at one of the coffee shops and ended up talking to her for like 6 hours...was supposed to meet her at some DnB party...but instead went for a steak and walked around red light district bars drinking and smoking...monday took it easy went to a coffee shop and took a taxi to airport....
All in all...I think I will be going back there some time soon
Originally posted by Illuminate
Let me get this straight.
So white-middle class Americans have been told by their Television sets to be fearful of:
1. Mexicans/Latinos from the South bringing drugs and killings n' shit.
2. African Americans cause mos def they are raging a race war and want to occupy America like how the plebs occupied Wall St.
3. Iranians/Afghans/Any one of middle eastern origin to be quite frank, cause you know Islam...
4. North Koreans/Chinese cause you know everything...
I'm still banking on that...we're back around the 10% mark with which a "correction" is supposed to entail...hey that run up wasn't going to last forever anyway.
I'd give it right now another 5-7% range overall, barring a bunch of other mortgage lenders to go out of business (since the whole credit mess is what's fueling this decline) before things stabilize nicely then move around appropriately...put it this way, the housing mess isn't at the bottom yet.
Yes it hurts right now (as I have my 401K running too), but this run up was somewhat artificially inflated...so unless you run short-term and make bank, you're "losing" those top-end profits at the moment...but in the ultimate long-term it'll work out just fine.
FM
"Nowadays everyone is a fucking DJ." - Jack Dangers
What record did you loose your virginity to?
"I don't like having sex with music on- I find it distracting. And if it's a mix cd- forget it. I'm stopping to check the beat mixing in between tracks." - Tom Stephan
probably the next big one will be Countrywide if things don't go good fairly soon...they just exercised an entire $11B line of credit today to keep going...if that tanks, say goodnight, Chapter 11, Enron, whatever you want to call it...
FM
"Nowadays everyone is a fucking DJ." - Jack Dangers
What record did you loose your virginity to?
"I don't like having sex with music on- I find it distracting. And if it's a mix cd- forget it. I'm stopping to check the beat mixing in between tracks." - Tom Stephan
The GBP against the USD has tanked as well. Dropped around 1000 points since 22nd July. Quoted at 1.9778 at the minute and still dropping. That couldnt last either.. Exciting stuff..!
[quote=lilsensa '] 'Who wants to sample size my ball sack?'
Don't invest in stock options girls, real estate is where the ka-ching is
Awesomeoneknows. I don't have a dime in the market, quite a bit in real estate tho.
=AndyH] Stock markets historically show a higher return..
you must be talking about some kind of superman stock market on mars, but i've been blowing the earth based stock market out of the water for years with real estate.
rate of the return is different. You can gain more in stocks over a short term. If you looking in real estate for a VALUED investment def way to go. Land will always go up. Even in the swamps.
1. you can gain more in RE than stock market
2. countrywide will not tank. if anything they will get eaten up by Countrywide FSB
3. The Fed just dropped the discount rate, next the funds rate.
4. Like everyone else said, it was destined to happen. Everyone is waiting to see what these mortgage backed securities are worth before investors buy more. Sort of like the NFL draft. The draftees are waiting to see what the ones before them sign for to see what their worth is. Nobody wants to sign first and not get the most value.
5. Need a house? Still can get one....2, 3, etc
We process personal data about users of our site, through the use of cookies and other technologies, to deliver our services, personalize advertising, and to analyze site activity. We may share certain information about our users with our advertising and analytics partners. For additional details, refer to our Privacy Policy.
By clicking "I AGREE" below, you agree to our Privacy Policy and our personal data processing and cookie practices as described therein. You also acknowledge that this forum may be hosted outside your country and you consent to the collection, storage, and processing of your data in the country where this forum is hosted.
Tweet
Quoted at 1.9778 at the minute and still dropping. That couldnt last either.. Exciting stuff..!
Comment