Dear Boris,Good morning!Good trading.Thanks.Bert
Boris,Good morningold john
Dear Bert,Very Good morning to you My Dear Friend.Good Trading
Deaer Jhon,Very Good monring and trading to you mY Dear Friend
good morning boris and the gang. i am not able to log-into my google mail. any suggestions!thanks,gorli
Good Afternoon Dear Boris....Seems like players are selling gold/oil and buying sterling today...Who would have thunk?
Dear Gorli,If the email is down for you, that would be strange, cause mine is up, then it is just temporary matter and I will just send you things on your AOL, address.\Meanwhile if this is just a matter of password , go through the screens where you request new password.I am sending you things via AOLGOod Trading My Very Dear Friend Gorli.Nemaste
Dear Xerxes,You are only partially right.But I will give you that(:-Good Trading Dear Xerxes
Gold approaching support Dear Boris...
Dear Xerxes,This changes golds daily trend yet again.So, carefulGood trading
Everything ANTIDOLLARIS DOWN TODAYGood Trading
Escept trickey's single currency Dear Boris...It opened at 1.3934 and now 40 pips higher...
Forgive me Dear Boris, my last post is completely erroneous....
Dear Xerxes,I thought you deserved(:- chance to recognise that yourselfGood Trading My Dear Friend
If you are short, on a short term bases.I SGRONGLYRecommend taking some profits hereat 892.Good Trading
Boris,thanx- not short this time. Put another bid on a house- short sale and having to deal with realtor. old john
Dear John,Appreciate the situation.Do you see that there is some stability in housing Dear John?Please ignore question if you are not able to assertain the response.Good Trading Dear Friend John
Dear John, send us the following. Bearer Bonds Again Thank you Dear Friend John
Dear Joe,Gave us this input...A driver is stuck in a traffic jam going into downtown Chicago . Nothing Is moving north or south. Suddenly a man knocks on his window. The driver rolls down his window and asks, 'What happened, what's the hold up?' 'Terrorists have kidnapped Barack Obama, Hillary Clinton, Oprah Winfrey, Nancy Pelosi, Harry Reid, Rosie O'Donnell, Jesse Jackson and Al Sharpton. They are asking for a $10 Million ransom. Otherwise, they are going to douse them with gasoline and set them on fire. We are going from car to car, taking up a collection.' The driver asks, 'On average, how much is everyone giving?' ...'About a gallon'Good Trading Dear Friend Joe
Boris,Buyers are out there, looking for opportunities. I just saw a house here for 260-- I know it was bought for 200 two months ago, so some people are bottom fishing. Stability, I would say some. The mortgage situation hurts though as the rates went up, some that were sold are back on market. And a lot of people are trying "short sales" to get out of their situation. That is what I am trying to buy. Banks jag you around on them but I gave a decent offer and told them they have 10 days- the realtor told me not to do it that way- I did it that way and we will see. What they try to do is get you in a bidding war and I am not playing. Prices are still way down. FYI_ the house I bid on was bought in 2005 for 705,000 - way out of a working mans means - they are trying to short sell it for 300,000old john
Thank you very much Dear John,For update.Good Trading to you.
An you think people have problems, buying a house for 705 and then trying to get 300 for it. That is a problem but I am sure the person did not think housing prices could ever go down. I feel for them but on the other hand I was a little cautious. old john
You have to wonder if all this sudden bullishness and bottom fishing in housing is going to end in tears for these "investors".Im buying a place myself but not for profit, not with what they want for taxes and maintenance.
Thanks Again,Dear JohnGood Trading
I hear You Dear Vishal,Unfortunately, Everything is CASINO in today's world.Including housing.Why Purchase the house, if you do not believe there is a possible gain in doing so?One can rent is not it?So, from my point of veiw? Most of the purchasers of homes, really, really think that they are able to game the system by...1) Having tax deductions2) Having appretiation.Etc.God Bless AmericaGood Trading
Boris,If not for my wife, I would probably be a renter for life. old john
Dear John,I understand the sentiment.Good Trading My Dear Friend
Boris,I know you understand, you are married:)
Dear Boris,TNX and 30-year rates continue to fall as we discussed.Hello everyone - long time lurker.regarding housing - i am reffinancing home in one state but lookin to buy in another state where i work. 4-works on job and two weeks off.too much time away from family so looking to buy where i work and move family.renting a 4-bedroom house is $1400to $1600 a month while apartments are $1100 to $1400.i really dont want to buy at this time but with rate at 5% or less it is cheaper to buy a 4-bedroom for $150K than it is too rent.catch22!
Dear Dave,Housing is not supposed to be a INVESTMENT item.Markets are supposed to be efficient enough for none of us to be able to take the advantage of arbitrage if/when avaialable between rent/purchase prices.But housing is not a free market. Nothing is any more in USA.The entire idea of tax deduction for someboty purchasing home, while not for renter is to me very , very discriminatory.What sin does the renter have not to be able to deduct his living expences versus buyer.Of course , corrupt politititians like to trap people into purchase, as those ( willing slaves) are contiributing to their unjustified salaries ( via the property taxes).In any case.It is neither here and there.There is not free lunch , and just when all/most retirees thought they could sell their properties and pocket none taxable gains, they ( the gains ) disappeared.Hallelujah!So, nobody every says, what about the risk that prices could go down, which renter does not have.So, Yes, no need to elaborate. Housing puchase is a speculation encouraged by GOV, for GOVERNMENT.If you luck and savy, pehaps you can chose your positions and buy at a good time.I think that good time may not be with us for many years on a time bases.But it could be close on an absolute bases , as many hard hit areas maybe approaching the mean curves of pricing.Good Trading Dear Dave and Good Luck.I would never advise anybody to not purchase their own property. Expensive or not. It is often an emotional issue and I do not like to deal with emotions.All my life I tried to take it out of my life ( emotional financial decisions).Good Luck Dear DaveGood Trading
On the other hand I can name one absolutely important attribute of the renting that is universally appealing to me. Perhaps because I lived in every corner of the world.Renting gives me a freedom.Freedom to get up and go, for whatever reason.Bad neighbor.Bad neighbors dogNo workBad CountryLifestyle not fitting anymoreALl the freedoms I cherish are tied with being free of husstle, even If I knew that I can always take care of selling house if I have to.None of these issues , really are finantial in nature.They are simply issues of freedom.That is the reason that I call the home purchase a voluntary sumbittion to slavery!Perhaps hars, but it always matters what one values most.Good Trading Dear Readers
Boris,I value the freedom, but wife values the "nest" value of having a home. I think this may be in many marriages. old john
Dear JohnI hear you again.Good Trading My Dear Friend
I will repeate here again.I have no argumnet with those who would purchase their property without much mortgage being involved. Those people cannot be called the voluntary slaves. They are not in danger of being thrown out of the house due to similar situations that are causing many to abandon the properties now.I call a slave a person that puts down anything below level where they put themselves in huge amount of debt. These people take huge risks without every understanding what those risks are. But stay with blind belief that they can make it or they will fall behind the "JONSES"And entire debt industry, WALL STREET love to instill this self enslavment mentality in people becuase debt is how they make moneyHallelujah!good Trading Dear Readers
Dear Boris,For me right now I rent because of financial issue but I think if the rent/own ratio is appealing enough, I will look into investment properties. Not right now of course. There is barely enough blood in the street yet because of the politicians' meddling. I suspect that as the summer selling season come and gone and we still have foreclosures up the wazoo that those who are on the fence about buying will think otherwise. Also in California, we are going to go through a major economic schism soon with the final leg of the economy giving out (mass public employee layoffs). Even then I would still not buy yet. I would rather that we have a sustained uptrend ( several years) in sales and price to buy then try to time the downdraft. PS. Mr. Mortgage (Mark Hanson of Fieldcheck Group) breaks it down very well. I believe in his assessment over Ivory Towers eCONomists any day.Good trading dear friends,Michael Truong
Dear MikeThanks for you opinions on this matter.I certanly, think that there is many views on the home purchase issue and all I can do state my own views and welcome other views.Good Trading Dear Michael
Mike,I think marriage changes financial decisions. Especially, if the marriage has lasted a while. In other words, the argument is not worth it:)old john
Dear John,I understand completely your position. I have been married before and have felt the pressure too. That said maybe you can create a small spreadsheet that shows her the differences between renting and owning (including all the expenses of owning). Take the differences and put half away toward the down payment of a future house and the other half toward several nice yearly vacations (a bed and breakfast to Napa for example).Good trading dear friend,Michael
Dear Boris,I agree that a home was never to be trewated as an investment - only a place to live.I agree renting allows more flexibility to move without worries of having to sell but most rentors are beholden to some contractual term like a 12 month lease.So while you may end up not enjoying the enviroment you are still stuck until lease ends unless you can afford to break lease.Dear John,I agree the nesting syndrom of spouses often leads us into these situations. Like Boris, I too have traveled, worked and live around the world. I can live in much less than the wife can tolerate.A funny saying I want to share that I was once told by a dear friend and spoo trader, "It is easier to trade wives than spoos!":-)
Mike,I sort of tried that with my first wife in 1970. old john
Dear John,Ohh Wow...I wasn't even born then :p . I wondered if I will have to go through that when I think about getting hitched again in the future.Good trading,Michael
Mike,You will go through it again if you decide to try again. Just the way it is. old john
You cannot take emotions out of a marriage, impossible. So every big decision made during a marriage is partially emotional. It took me a while ( 60 yrs) to realize this, but it is what it is. I caught on two years ago. slow learner
A few years ago, I found it cheaper to get rid of the wife, than to "invest" in a bigger place ;), lol
I 2005 I retired,sold my practice, sold office building, sold house (lived there 30 years,had an estate sale and sold everything except 2003 Toyota Forerunner and what we could get in the back. Didn't own a knife or a fork. Put it all in CD's and left the country. Moved to Antiqua, Guatemala and loved it. Rented a beautiful home, former convent built in 1700's. Climbed mountains, went to beach, walked the cobblestone streets, had no car, drank wine and got to know my wife of 30 years lots better, no viagra. After while she started missing "roots". It is natural so we compromised. Came back to States, lived in Tucson foothills for a winter and then settled in her dream near Nashville, Tn. She's happy so I am happy. All this to say that life needs "purpose" and responsibility. I learn new things everyday and am trying to get better at investing and trading. Bless All of You.Phil
Phil,Sold everything, excepts cars and clothes, and moved to arizona 6 jan of this year. I had no problem but wife was terror stricken. Now she has settled in and is busier than ever with her bowling, crafts, etc. I could live out of a car forever.
This is great.This is people, real people we have on this blog.I would not have any other way.I knew There are a lot of adventures people on this blog, because it can hardly be any other way.Love all the comments.Good Trading Dear Readers,Subscribers
Boris,Realtor called me, said the seller accepted but the bank needs more time( stalling to wait for a better bid). I informed her that my bid for the house was firm but the deadline was the 26th and I would not renew it. If people would only deal with these thieves with out depending on hope, deal with them as they are ( thieves) - I doubt if I will get this house as I am not going to play their game. old john
Dear John,It is like a bit and ask,you put your bid and will take it out on the date mentioned. That is it. This is called letting the market come to you.It maybe a bit of harder game to play in the housing market , bit it is right one.Tha fact that banks are thieves and realtors are the same is no doubt.Good Trading Dear John
Good Morning Dear Boris....EURUSD testing upside AP column first thing in the morning, setting a bullish tone for today's trade?
Dear Xerxes,Good Morning,Indeed the EUROPEAN currenciesHave the bullish tone this morningGood Trading Dear Xerxes
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