Comments on Fund My Mutual Fund: Median Home Prices in Las Vegas Fall to Lowest Sin...

Also think about how many people with 3 mo foreclo...

2009-04-29T19:43:43.803-04:00

Also think about how many people with 3 mo foreclosure moratorium and 6+ months to get kicked out of house have been skating by with no home payment for better part of a year. That's fair and just.

But it sure helps with keeping consumption going. Lots of extra money for the malls.

Yep, one of my thoughts of late is that as the def...

2009-04-29T19:34:58.005-04:00

Yep, one of my thoughts of late is that as the default wave grows (homes, CCs, etc.) and housing prices continue to sink, less and less people will have any compunction about walking away from their debts. The stigma will be less since "everybody's doing it" and we've set up so much moral hazard that you'll almost be a fool not to if you're in any kind of money pinch. The bankruptcy courts are gonna be busy. In fact, they're already being overrun.

Truly a "house of cards"

2009-04-29T18:52:07.188-04:00

Truly a "house of cards"

Wow, SQNM press release after hours. Turned out t...

2009-04-29T16:42:11.433-04:00

Wow, SQNM press release after hours. Turned out to be a huge scam! Down over 50% in AH trading. Ouch. I really hate biotechs/medical stocks.

Anon, you can copy and paste to the right topic th...

2009-04-29T15:23:25.955-04:00

Anon, you can copy and paste to the right topic than hit the little garbage can next to your comment and it will erase it from here. if you like. thanks.

Qualcomm, Homes - potato, potato!

Anon I do like QCOM also Chinese have gone CDMA b...

2009-04-29T15:22:30.770-04:00

Anon I do like QCOM

also Chinese have gone CDMA big benefit for them and the darn BRCM thing finally being over (even at high cost) also good. One of many I've been looking over. Thanks

Whoops, under the wrong topic. :)

2009-04-29T15:11:37.206-04:00

Whoops, under the wrong topic. :)

Agree 100% Many of these shadow sellers however a...

2009-04-29T15:11:30.966-04:00

Agree 100%

Many of these shadow sellers however are going to not be sellers anytime in next few years once they see prices.

Many who pulled back the home not wanting to sell 5-10% down, are now going to be facing 20%+ down.

There are not V shaped recoveries in housing, at least historically.

Even with 4.6% mortgages mortg apps down 18% from prev week - ppl will see this by June when spring season over. Then we begin drum roll for 2010 housing recovery ;)

If you like 3G/4G/smartphones just buy QCOM. They...

2009-04-29T15:11:01.966-04:00

If you like 3G/4G/smartphones just buy QCOM. They are DOMINATING wireless sector. Settled two huge lawsuits now with both NOK and BRCM which will free up a lot of legal fees. Its the ONE TECH STOCK I have faith in besides AAPL.

TM: Another source of homes waiting to be sold are...

2009-04-29T14:58:54.858-04:00

TM: Another source of homes waiting to be sold are rarely talked about and those are people who want to sell but have not put their home on the market. These are another group of shadow home sellers; I heard about this from someone looking for a home in a large metro area in the midwest. He said that 75% of the homes for sale in November, 2008 were off the market by February, 2009 --not because they sold but because the owners took them off the market. It seem improbable to have a recovery without home prices or the housing market stabilize.