tag:blogger.com,1999:blog-6616959642391988608.post7691447574840699318..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: More evidence of a housing bottomScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-70964606673278476602010-04-18T05:19:54.261-07:002010-04-18T05:19:54.261-07:00Bill,
I do not know if this is all of it or not b...Bill,<br /><br />I do not know if this is all of it or not but Cramer has a take on the Goldman stuff you may want to read. Just more perspective, and I'm sure more will come out as we go along. <br /><br />http://www.cnbc.com/id36601416Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-39098521688130617112010-04-17T18:42:46.921-07:002010-04-17T18:42:46.921-07:00Nothing moves up in a straight line forever. Corre...Nothing moves up in a straight line forever. Corrections (honorable profit taking) are normal and healthy. IMO the SEC accusations gave market players an excuse to sell. Scott's charts are telling a tale of a sustained recovery that will last years. The banks will prosper during those many months of expansion. Wait for the sellers to finish ( maybe a two or three day pause in the decline) andJohnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-20950893153791245642010-04-17T18:28:32.038-07:002010-04-17T18:28:32.038-07:00Over on SA I counted 23 negative comments vs 3 pos...Over on SA I counted 23 negative comments vs 3 positive on this post. Yet IYR (real estate ETF) has more than doubled in the past year. The bozos commenting there are one of the better contrary indicators I have found. <br /><br />Buy, Mortimer.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-26753741553247908732010-04-17T16:50:11.746-07:002010-04-17T16:50:11.746-07:00I don't have any original insights into the Go...I don't have any original insights into the Goldman thing. But it seems to me that the government is very eager to blame the banks and Wall Street firms for taking advantage of a very distorted and disaster-prone situation created almost exclusively by Congress (e.g., Freddie, Fannie, the CRA, Congressional mandates to increase lending, deductibility of home mortgages, non-recourse loans).Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27675823437414181912010-04-16T17:22:58.968-07:002010-04-16T17:22:58.968-07:00Scott,
What's your view on the Goldman mess?Scott,<br /><br />What's your view on the Goldman mess?Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61076018157100173502010-04-16T10:50:55.316-07:002010-04-16T10:50:55.316-07:00Me too, Benj, me too.Me too, Benj, me too.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88104102798730365592010-04-16T09:27:07.954-07:002010-04-16T09:27:07.954-07:00Figs out in LA Times today an higher SoCal home sa...Figs out in LA Times today an higher SoCal home sales and prices. A little noise in the data--better homes are selling, thus pulling up reported median prices--but overall, very good. <br /><br />I suspect with low inflation embedded into our economy now, we have a secular bull market ahead of us for property and equities. <br /><br />That near-deflation was purchased at horrific cost--a Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-84108956947823962482010-04-16T09:18:07.545-07:002010-04-16T09:18:07.545-07:00The foreclosure auctions are getting more crowded,...The foreclosure auctions are getting more crowded, homes are being bid up higher. It's getting tougher to sneak out a homerun deal.Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.com