Is the stock market going to tank?

**Tippster** · 05-15-2007, 11:47 AM

Originally Posted by Benny Profane

Well, give, like, a 1/4 mile radius, OK?

Dude - that's like 4 of the 12 houses. Seriously.

**iceman** · 05-15-2007, 11:48 AM

Originally Posted by Benny Profane

Well, give, like, a 1/4 mile radius, OK?

There's probably not more than 75 houses within a mile of me, and I'm not sure how I'd find out if any of them went into foreclosure so it's kind of a wack bet, so just send me the Patron and we'll call it good.

**Benny Profane** · 05-15-2007, 11:50 AM

Originally Posted by Tippster

Dude - that's like 4 of the 12 houses. Seriously.

well, la dee dah. I guess Ice is more concerned with the thoroughbred market before real estate.

**iceman** · 05-15-2007, 11:51 AM

Originally Posted by woodstocksez

Yes, they do. How many new houses and apartment complexes are going to be built in the next 10 years?

Oh, a lot I'm sure. But the combination of rising materials and labor costs and diminishing land availability will keep prices at least stable in my 'hood, I'm betting.

**iceman** · 05-15-2007, 11:52 AM

Originally Posted by Benny Profane

well, la dee dah. I guess Ice is more concerned with the thoroughbred market before real estate.

big zoning around here because there's no sewer or public water. plus I back up to a huge park.

**Stu Gotz** · 05-15-2007, 11:53 AM

Originally Posted by iceman

Plus they are estimating that there will be a million new jobs in the DC Metro area in the next ten years. Crash? What crash?

The peoples gots to live somewheres.

That's gonna suck for the American taxpayer.

**iceman** · 05-15-2007, 11:54 AM

Originally Posted by Stu Gotz

That's gonna suck for the American taxpayer.

No kidding, the jobs are coming here to suck off the Federal titty, for sure.

**Yossarian** · 05-15-2007, 12:01 PM

I'd like to suck on some of that Patron titty, if you please.

Don't I get some kind of kickback for starting the thread that produced the bet?

I'll collect, say, 3.7% of the liquid volume of the Patron from whichever one of you two win.

**mr_gyptian** · 05-15-2007, 12:04 PM

Originally Posted by Benny Profane

So, you're admitting to the world that you're a car salesman? And you took this job after you lost your job as a real estate agent?

was anyone in the dark regarding me being a car dealer?

again, make sure you fly here in two and a half years. I'm going to whack you so bad you'll need someone else to get you home.

**Benny Profane** · 05-15-2007, 12:15 PM

Originally Posted by mr_gyptian

was anyone in the dark regarding me being a car dealer?

You are??!! Do you have a peach colored liesure suit? Mustache?

**woodstocksez** · 05-15-2007, 12:29 PM

Originally Posted by Benny Profane

You are??!! Do you have a peach colored liesure suit? Mustache?

I do. But I'm a porn star.

**Arty50** · 05-15-2007, 01:01 PM

Originally Posted by Viva

This thread has nothing to do with tanks.

Now it does...

**irul&ublo** · 05-15-2007, 01:50 PM

Originally Posted by Viva

...tanks.

You're welcome.

**Eldritch Ghast** · 05-15-2007, 01:56 PM

Last quarter treated me well, this quarter is looking pretty good. My investments are spread around a bit, though.

Anyway, should I take the profits & reinvest after the crash? If so, plz indicate dates and safe harbors for the interim period.

**Yossarian** · 05-15-2007, 01:57 PM

Originally Posted by 4matic

IThe super bulls like Henry Dent and Don Hays of the Hays Advisory have been calling it right. They expect Dow 20000 by 2010 and I tend to agree at this point.

Note that a 4% drop in the next six months and 20k by 2012 aren't even remotely mutually exclusive.

The question remains, is the DJIA going to tank/drop/hiccup/whatever you want to call it based on your relative and long term perspective/etc in the next six months?

EDIT: Where is the Magic 8 Ball when you need it?

**Toadman** · 05-15-2007, 02:01 PM

Originally Posted by Yossarian

Note that a 4% drop in the next six months and 20k by 2012 aren't even remotely mutually exclusive.

The question remains, is the DJIA going to tank/drop/hiccup/whatever you want to call it based on your relative and long term perspective/etc in the next six months?

EDIT: Where is the Magic 8 Ball when you need it?

The Magic 8 ball says ask again in six months.

**P_McPoser** · 05-15-2007, 02:05 PM

I strongly beleive gold is headed for 1000+ an ounce.

**summit** · 05-15-2007, 02:18 PM

Originally Posted by P_McPoser

I strongly beleive gold is headed for 1000+ an ounce.

yea yea yea ya miner...

**4matic** · 05-15-2007, 02:21 PM

Originally Posted by Yossarian

Note that a 4% drop in the next six months and 20k by 2012 aren't even remotely mutually exclusive.

The question remains, is the DJIA going to tank/drop/hiccup/whatever you want to call it based on your relative and long term perspective/etc in the next six months?

EDIT: Where is the Magic 8 Ball when you need it?

If the S&P 500 holds near 1500 through June contract expiration I'd say no. Short term, accelerated gains in Nasdaq and S&P 500 are needed to confirm the new highs.

**Rontele** · 05-15-2007, 03:11 PM

Originally Posted by iceman

You could probably make a fortune by shorting my portfolio.

I am pretty sure they delisted your holdings in Confederate Slave Trade, Co., the East India Company, and Wright Brothers Rubber years ago.

iceman is so old he remembers the days of tickertape.

And to answer Yoss's question, I have greatly diversified my portfolio in anticipation of an overvalued US equities market.

**bklyn** · 05-15-2007, 03:34 PM

**mr_gyptian** · 05-15-2007, 04:42 PM

Originally Posted by P_McPoser

I strongly beleive gold is headed for 1000+ an ounce.

who let the goldbug in?

Yoss, from what day's close are you going to base it on?

because you are talking about a chinese sneeze away from your target. perhaps they play with the yuan?

**Yossarian** · 05-15-2007, 05:16 PM

You're right, should we make the burden higher?
Any takers at DJIA 12,500 within the next six months (while on the way to 20,000 in 2012, of course

)?

**Endlessseason** · 05-15-2007, 05:55 PM

Seven years after the crash of 2000, the NASDQ has yet to come near its highs of that time. It is possible that it never will.

Some analysts see that as bullish, arguing that all of the indexes have to see new highs before this bull is over. Others posit that it is highly bearish since this bull market ran its course a long time ago and it's just matter of time for the entire market to realize it.

After losing all of my retirement in the crash of 2000, I was comfortable lightening up a little bit last month. I can't (and won't) let what happened to me in '85, '97 and '00 happen to me again.

I probably lightened up too much and too early this time but that's OK by me. I've learned I'd rather kick myself for gains I may miss than kill myself for losing money I actually had.

**Benny Profane** · 05-15-2007, 10:54 PM

May 15, 2007

NEW YORK (CNNMoney.com) -- U.S. home prices fell for their third straight quarter, according to an industry report released Tuesday.

The median price of a single-family home fell 1.8 percent to $212,300 for the three months ended March 31, compared with the first quarter of 2006, according to the National Association of Realtors (NAR).

It was the third consecutive quarter of decline, and prices are now down 6.5 percent from their peak of $227,100 in 2006.