Originally Posted by
Big Ben
I am a tool, a learning tool.
Sirilong...the government spent 70% of almost a trillion dollars do you think that has had any affect on your orders? Of course. What happens when that is gone? "Bad things man, bad things" As soon as the stimulus drys up were screwed. Obama is already back at congress asking for 200 billion more for state municipalities, this is not even a shocker and kind of gets glossed over but it is true. Government is trying to break the check book out again. I can't say I blame them, who wants teachers and policemen to lose their jobs? Not me.
As for signs...no jobs in May, what? I thought the that was the number one priority of the current administration. They got goose egged ( In Pittsburgh they might call that a white wash) in may, lol. That means were down 125k, not good. I thought graduating college in summer of 2001 was a real shitty time to try and enter the work force. Thats just a joke now. This is the worst in decades.
Check the housing numbers we are heading for double dip in housing. 46% of Alt-A mortgages are in default status, thats really bad. The housing crisis is probably in the 4th-5th inning, no joke, people are walking away left and right, telling the bank chase me down for the difference on the short sale, I'll see you in court if you can catch me, later. We have neighborhoods that would sell you land for 120k-150k an acre, you build a 250k-350k house and it would appraise at 600K. Now directly across from Plantation Lakes, a new developer is clearing lots and selling them for around 59k, I think the plan has 4 houses built, no model homes, 600+ lots. Resort style pool going in, probably in 2020, lol. Every single person who bought in Plantation Lakes is screwed for years. Everyone is calling this area West Myrtle Beach, west of the waterway. Whats funny is when you told someone where you lived, Plantation Lakes had a mystique about it at first, not so much now. My first thought is you paid too much for your land and too much for your copper in everything in your house, you got hosed on your lumber price. You basically got worked. Good Luck selling.
Forget all that nonsense and lets get down to business....FAZ is going to hit like clock work, I think, I hope, I will be at the clock towner waiting for lightning. This is my biggest holding and I have been watching this thing like a hawk for seven months. It will pop in the next 3-5-7 days. If you have some dry powder earing .025 interest you might take a position in this monster, I call it a monster because it can come and take your money. I must say I think the risk/reward is pretty favorable. Good Luck. FXP already hit today for a 1.50 or 3.5% so I am not as confident in that one to move but taking a position in that stock anywhere under 40 is safe, or you could say better than .025%. DYODD
DDD