It seems that the housing bubble has finally burst. This may just be the first leak. Are you going to be a dutch boy with his finger in the dyke? Or are you going to take what you can get before the next market correction hits. Statistically, there is a way of graphing these movements that has a fair accuracy rate for prediction. I won't get into the details but interestingly, the method I prefer uses a sequence known as the Fibonacci numbers. These are used, generally to predict changes in stock market prices (Did you know that the chairman of the fukn bored (that's me) was once a shit hot stock broker? I left it to pursue homelessness and the meaning of life) In any event, you can expect a rebound to the market in the next few months as those who have been waiting on the sidelines finally get the chance to cash in on the bubble bursting. This is fairly obvious already by the fact that sales have risen while prices have dropped. Most of these guys are professionals and they will attempt to time the market and sell at a maximum profit. When they all sell, you can expect the next correction to drop a bit further than it already is. At some point this will hit critical mass and average joe will realize that his mortgage is more liability than his home is worth...this is when the run starts, average joe and everyone else trying to get out of their heavily mortgaged real property and into something else. Think about buying hydrogen stocks (PLUG) and Sirius Satellite (SIRI). My licenses are expired...basicly if you take my advice you are taking a chance on a guy that writes homeless books...it is your own responsibility.
Housing Bubble Bursts....Market is Flooded
Housing Bubble Bursts....Market is Flooded
Housing Bubble Bursts....Market is Flooded
It seems that the housing bubble has finally burst. This may just be the first leak. Are you going to be a dutch boy with his finger in the dyke? Or are you going to take what you can get before the next market correction hits. Statistically, there is a way of graphing these movements that has a fair accuracy rate for prediction. I won't get into the details but interestingly, the method I prefer uses a sequence known as the Fibonacci numbers. These are used, generally to predict changes in stock market prices (Did you know that the chairman of the fukn bored (that's me) was once a shit hot stock broker? I left it to pursue homelessness and the meaning of life) In any event, you can expect a rebound to the market in the next few months as those who have been waiting on the sidelines finally get the chance to cash in on the bubble bursting. This is fairly obvious already by the fact that sales have risen while prices have dropped. Most of these guys are professionals and they will attempt to time the market and sell at a maximum profit. When they all sell, you can expect the next correction to drop a bit further than it already is. At some point this will hit critical mass and average joe will realize that his mortgage is more liability than his home is worth...this is when the run starts, average joe and everyone else trying to get out of their heavily mortgaged real property and into something else. Think about buying hydrogen stocks (PLUG) and Sirius Satellite (SIRI). My licenses are expired...basicly if you take my advice you are taking a chance on a guy that writes homeless books...it is your own responsibility.