dmarc117 Posted July 26, 2007 Share Posted July 26, 2007 http://biz.yahoo.com/ap/070726/wall_street.html?.v=49 Quote Link to comment Share on other sites More sharing options...
broncosn05 Posted July 26, 2007 Share Posted July 26, 2007 (edited) Watch NFI. Edited July 26, 2007 by broncosn05 Quote Link to comment Share on other sites More sharing options...
boat_hacked Posted July 26, 2007 Share Posted July 26, 2007 (edited) Why?? dealing in noncomforming mortgages is not the smartest move right now(IMO). When two of Bear Stearns largest hedge funds lose approx. 91% of the value. And subprime is going to tank again at years end. Why invest in companies that invest in noncomforming loans?? Edited July 26, 2007 by boat_hacked Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted July 26, 2007 Author Share Posted July 26, 2007 now -400 Quote Link to comment Share on other sites More sharing options...
TDFFFreak Posted July 26, 2007 Share Posted July 26, 2007 meh. This may be the beginning of a stock market slide.... or a great buying opportunity. You decide. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted July 26, 2007 Author Share Posted July 26, 2007 this is very much needed for the market Quote Link to comment Share on other sites More sharing options...
Coffeeman Posted July 26, 2007 Share Posted July 26, 2007 Click thru to the Motley Fool article on the side. Not all REITs are created equal, but all are getting pummelled now. Takes guts, but this is when/where people like Buffett make a ton of cash as the screaming hordes run the other way.... Quote Link to comment Share on other sites More sharing options...
Missoula Griz Posted July 26, 2007 Share Posted July 26, 2007 this is very much needed for the market I agree. It was an over due adjustment- false confidence in the market. Nationwide, about one in 10 jobs is housing related. On the west coast of Florida, however, the most housing industry dependant area in the nation, one of every five jobs is housing related. This is a quote from an article on cnnmoney.com. Our housing problems are not going away, which sooner or later should lead to higher unemployment numbers. The next hour will be very interesting. Quote Link to comment Share on other sites More sharing options...
SheikYerbuti Posted July 26, 2007 Share Posted July 26, 2007 When the Sheikette and I were in the process of buying our house, we looked into mortage companies. When we realized what the average homeowner winds up paying by the end of their mortgage (we calculated that a $300,000 house at 10% down and a 30 year mortgage will cost the homeowner $650,000) we ran as fast as we could to buy stock in 2 mortgage companies. One of the stocks is currently down 85%, the other one is only down 66% since we bought. Quote Link to comment Share on other sites More sharing options...
polksalet Posted July 26, 2007 Share Posted July 26, 2007 No way would I invest in real estate. It is way overvalued. I'll just stick with my Wal-Mart stock. Quote Link to comment Share on other sites More sharing options...
Missoula Griz Posted July 26, 2007 Share Posted July 26, 2007 No way would I invest in real estate. It is way overvalued. I'll just stick with my Wal-Mart stock. It depends where you live. We have several areas in Western Montana which continue to appreciate. There are other areas in the US which show steady appreciation as well. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted July 26, 2007 Author Share Posted July 26, 2007 No way would I invest in real estate. It is way overvalued. I'll just stick with my Wal-Mart stock. not in michigan or miami.....seattle is doing well. Quote Link to comment Share on other sites More sharing options...
SheikYerbuti Posted July 26, 2007 Share Posted July 26, 2007 No way would I invest in real estate. It is way overvalued. I'll just stick with my Wal-Mart stock. Overvalued? When I bought AHM it was trading at a P/E of 6. Now it's P/E is 2.5. Wal-Mart is currently trading at a P/E of 17. Overvalued? Quote Link to comment Share on other sites More sharing options...
polksalet Posted July 26, 2007 Share Posted July 26, 2007 Wal-Mart matches me 15% Quote Link to comment Share on other sites More sharing options...
SheikYerbuti Posted July 26, 2007 Share Posted July 26, 2007 (edited) Wal-Mart matches me 15% Well, that's pretty sexy. . . how do I gets me some of that?? Edited July 26, 2007 by SheikYerbuti Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted July 26, 2007 Share Posted July 26, 2007 Well, that's pretty sexy. . . how do I gets me some of that?? Start porking a checker. Quote Link to comment Share on other sites More sharing options...
polksalet Posted July 26, 2007 Share Posted July 26, 2007 Well, that's pretty sexy. . . how do I gets me some of that?? go to work for them Quote Link to comment Share on other sites More sharing options...
Missoula Griz Posted July 26, 2007 Share Posted July 26, 2007 -421 Quote Link to comment Share on other sites More sharing options...
H8tank Posted July 26, 2007 Share Posted July 26, 2007 Nationwide, about one in 10 jobs is housing related. There's a BOLD FACED LIE folks. Quote Link to comment Share on other sites More sharing options...
TDFFFreak Posted July 26, 2007 Share Posted July 26, 2007 A bad to day to say the least, but the market rallied (sort of) in the last hout to finish "only" down just over 300. Quote Link to comment Share on other sites More sharing options...
muck Posted July 26, 2007 Share Posted July 26, 2007 No way would I invest in real estate. It is way overvalued. I'll just stick with my Wal-Mart stock. Like any good investment, you need a catalyst, a distressed/fearful seller or a greedy buyer to make good (or better) returns on whatever investment ... whether it's WMT or real estate. In your case, Polk, because you get a 15% discount, it's like WMT is a "distressed seller" of shares to you (think of it as an inducement for your wife to remain an employee). Quote Link to comment Share on other sites More sharing options...
muck Posted July 26, 2007 Share Posted July 26, 2007 (edited) Nationwide, about one in 10 jobs is housing related. On the west coast of Florida, however, the most housing industry dependant area in the nation, one of every five jobs is housing related. This is a quote from an article on cnnmoney.com. There's a BOLD FACED LIE folks. Depends on how far-reaching they are with the definition of "related". Edited July 26, 2007 by muck Quote Link to comment Share on other sites More sharing options...
TDFFFreak Posted July 26, 2007 Share Posted July 26, 2007 Depends on how far-reaching they are with the definition of "related". Does Wal-Mart count as a housing industry. They have nice bath mats there... Quote Link to comment Share on other sites More sharing options...
polksalet Posted July 26, 2007 Share Posted July 26, 2007 Like any good investment, you need a catalyst, a distressed/fearful seller or a greedy buyer to make good (or better) returns on whatever investment ... whether it's WMT or real estate. In your case, Polk, because you get a 15% discount, it's like WMT is a "distressed seller" of shares to you (think of it as an inducement for your wife to remain an employee). you are correct but have I ever posted about real estate investments from a standpoint of human behavior/covetousness? Quote Link to comment Share on other sites More sharing options...
muck Posted July 26, 2007 Share Posted July 26, 2007 ...don't think so. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.