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Where is this market going?

Posted on 6/26/10 at 12:17 am
Posted by layingpipelikeDB50
Member since Jun 2010
213 posts
Posted on 6/26/10 at 12:17 am
Do we double dip or is this a "L" shaped recovery with a inventory cycle bump like the 2002-2003 recovery?

I'm not sold on a double dip, yet the ECRI numbers are hard to ignore.
Posted by Interception
Member since Nov 2008
11089 posts
Posted on 6/26/10 at 4:00 am to
I think we got a head fake or two left in us before we go down to 9,000 by years end. Investors see the housing market falling apart next year and will start taking money out IMO. I could even see us below 8500 but I hope to hell im wrong.
Posted by davesdawgs
Georgia - Class of '75
Member since Oct 2008
20307 posts
Posted on 6/26/10 at 2:02 pm to
quote:

Where is this market going?


Down by the end of the year. With the Bush tax cuts expiring, increased costs related to the HCB, increased business costs associated with more bureaucracy/the Financial Bill and more toxic assets going belly up, I'm not seeing much light at the end of the 2010 tunnel.
Posted by layingpipelikeDB50
Member since Jun 2010
213 posts
Posted on 6/26/10 at 4:07 pm to
What toxic assets to you see going "belly up" aside from some CRE? Loan-loss provisions peaked in Q1 at most banks and it appears that credit has turned the corner but that's just my thoughts.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26719 posts
Posted on 6/26/10 at 4:13 pm to
Down and then up and then down.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/26/10 at 5:03 pm to
Are we talking about the economy or the stock market? Did the OP look at my post from last week about the ECRI numbers?
Posted by urinetrouble
Member since Oct 2007
20627 posts
Posted on 6/27/10 at 6:31 pm to
Have housing values reach rock bottom yet?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/27/10 at 9:10 pm to
I think that answer is pretty obvious.
Posted by urinetrouble
Member since Oct 2007
20627 posts
Posted on 6/27/10 at 10:21 pm to
quote:

I think that answer is pretty obvious.


Umm, I'm not a wonk for this kind of stuff, but it sure seems like we are close to the bottom, but the premise of the thread was whether or not the market was still declining, so.... enlighten me to which answer is so obvious, O mighty one.

Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/27/10 at 10:35 pm to
Are you asking about the market or about housing prices? Your question was about housing prices, that's what I responded to, not whether or not the market had reached a bottom of some sort. I don't feel like you need to be a "wonk," just pay attention to some widely followed indicators like the case shiller (as an example), which I think pretty clearly identifies that we're not done with declines. If you're not following that, [in]arguably the most widely followed national housing index, what are you basing your opinion on?
Posted by urinetrouble
Member since Oct 2007
20627 posts
Posted on 6/27/10 at 11:22 pm to
quote:

Are you asking about the market or about housing prices? Your question was about housing prices, that's what I responded to, not whether or not the market had reached a bottom of some sort. I don't feel like you need to be a "wonk," just pay attention to some widely followed indicators like the case shiller (as an example), which I think pretty clearly identifies that we're not done with declines. If you're not following that, [in]arguably the most widely followed national housing index, what are you basing your opinion on?


I guess my opinion was based on solely on media chatter, which probably isn't very reliable. However, I don't think most common people are aware of the index you referenced (as I wasn't). Thanks for pointing it out to me, though.

Looking at the latest Case-Shiller graphs it seems like we hit rock bottom a year ago, although despite the recent rise, there appears some stagnation or even further weakening. No???

What's the difference between the index level and %cyha? It might help if I knew what cyha meant.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/27/10 at 11:49 pm to
IDK, link the chart. My guess is that it is referring to year-over-year change (which is a dramatically different looking chart). The index is typically shown in base form and in YoY% form. I wasn't trying to be offensive btw.
Posted by urinetrouble
Member since Oct 2007
20627 posts
Posted on 6/28/10 at 6:17 am to
LINK

2nd graph
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/28/10 at 8:15 am to
Going nowhere for the next couple years.

A bunch of glimmers of hope, but we aren't going anywhere.
Posted by ANAKINSKY
colorado
Member since Jan 2005
6138 posts
Posted on 6/28/10 at 9:11 am to
quote:

Going nowhere for the next couple years.



I kinda agree. The housing market, I believe will take a double dip, the $8000 credit expiring will only help this happen. But the maket itself will likely be range bound. If the GOP has landslide victories in 2010, it will likely pop upwards. But as there policies get Vetoed, it will ensure that the damage being done now is simply sustained. Unless Obama continues the Bush tax cuts, the economy will remain bad. There is a chance that the tax cuts remain, but there seems to be too much looting by the Dems to get us out of the funk, and the market just predicts the funk.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/28/10 at 11:41 am to
Yeah that's "% change, year ago." They're just overlaying the first chart so you can see the absolute value versus the change in that value over the past year.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/28/10 at 11:43 am to
Yes, electing Republicans will definitely fix the problem, otherwise its teh end of the world. Gtf back to the poliboard with that partisan shite.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/28/10 at 11:48 am to
quote:

Yes, electing Republicans will definitely fix the problem, otherwise its teh end of the world. Gtf back to the poliboard with that partisan shite.




I think it would probably be a bad thing if Obama didn't lift the tax cuts and continued to finance his 4 year national strip club tour with debt.
Posted by ANAKINSKY
colorado
Member since Jan 2005
6138 posts
Posted on 6/28/10 at 2:10 pm to
thats funny, its just like a lib to think there is no relationship between the markets and the dumb fuk policies of the socialist, and BTW GFY.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/28/10 at 2:20 pm to
quote:

Where is this market going?
thats funny, its just like a lib to think there is no relationship between the markets and the dumb fuk policies of the socialist, and BTW GFY.


Both of us are VERY conservative.

So, fail.
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