The Prospect Of Being Under Water On Day One
It’s Friday desk clearing time for this blogger. “Stacy Levey, a real estate broker who primarily sells in Westchester County, New York, says the bidding wars this time around are different from boom times past. One of her clients paid $300,000 above asking on a house listed for $1.065 million. ‘What is different is the people’s appetite to go crazy,’ says Levey. ‘Now everyone’s like, ‘I don’t care that I’m overpaying. …. Just sign me up anyways.'”
“The number of homes for sale in Ada County surged in April, if you can call it a surge. There were 361 homes listed: 212 existing and 149 new. ‘I tell buyers that I work with they have to have patience,’ said Julie Cendejas, an assistant broker with Keller Williams Realty Boise. ‘You’ve got to be in it for the long haul. You can’t just want to buy a house, you have to be serious. You have to realize you’re probably going to pay over asking price, and you have to be willing to do what it takes right now to get a house, until the tides change.'”
“Another client from Washington state put in an offer above the $450,000 asking price for a house in Meridian based only on a video tour Cendejas showed her. ‘She won’t even see the house until she’s closed on it and moves here,’ Cendejas said. ‘She had to trust her real estate agent.'”
“Matt Leprino, a spokesperson for the Colorado Association of Realtors, said the practice of offering an ‘appraisal gap’ or an ‘appraisal waiver’ can be a challenge. ‘It’s risky, but you know, maybe a little less risky than it used to be,’ Leprino said.”
“Leprino said this process can be intimidating to buyers. ‘The prospect of being under water on day one is a very scary and very daunting task. But if you’re buying a house for $500,000, (and) you’re paying $550,000, you’ve got that risk of $50,000,’ Leprino said. ‘But once that closes, and you’re the newest comparable in the neighborhood, and the next day, your neighbor sells for $555,000 or $560,000. Now, all of a sudden, your negative equity that you started with on day one vanishes. And that’s scary, right? Because we don’t know when that’s going to end.'”
“As we outlined in October of last year: Purchased from the sales office for $3,149,500, or roughly $2,003 per square foot, back in June of 2016, the two-bedroom, two-bath unit in the Lumina tower at 338 Main Street, unit #35A, was then listed for $3,449,000 in March of 2017. The re-sale of 338 Main Street #35A, the HOA dues for which have been running around $1,200 a month, has now closed escrow with a contract price of $2,650,000, down 15.9 percent ($499,500) from mid-2016 on an apples-to-apples basis but ‘within 8 percent of asking’ according to all industry stats and market reports on account of its reduced list price.”
“At the same time, the index for Bay Area condo values is up 14.7 percent from June of 2016 and the ‘median sale price’ is up as well.”
“Mortgage servicers took their sweet time last spring advising customers affected by the pandemic about their right to hit the pause button on making payments with no documentation required, and no penalty charged to get back on track. Now that most of those borrowers are preparing to resume making payments, mortgage servicers are again facing criticism for not being straight with their customers about their options.”
“With more than 2 million borrowers still in forbearance and planning to exit, mortgage servicers probably aren’t purposely spreading bad information, said Andrea Bopp Stark, an attorney at the nonprofit National Consumer Law Center. ‘I think they’re bombarded and overwhelmed with the amount of forbearance and post-forbearance options. There are probably hundreds of thousands coming off forbearance every week.'”
“Despite robust growth in home prices over the past several months, homeowners in the Chicago area can’t afford to sell their homes more than in any other major U.S. city, according to a new report. In the Chicago area, 8.6 percent of homeowners with a mortgage were seriously underwater at the end of the first quarter of 2021, according to Attom. Homeowners are considered seriously underwater if they owe at least 25 percent more on their mortgage than the home is worth in the current market.”
“Chicago therefore has the smallest share of homeowners who can easily afford to sell and the largest share of people who can’t afford it. This goes a long way toward explaining the super-low inventory of homes on the market: A lot of people just can’t afford to put their home on the market.”
“Mortgage hardships are up 10% according to credit reporting firm Centrix, as the Covid pandemic continues to impact borrowers across New Zealand. New Zealand Bankers’ Association data reveals 103,000 households are on repayment holidays or reduced mortgage payments as of April 29. About 50,000 have asked to delay payments completely. While many people are struggling, buyers continue to pile into the housing market at a record pace.”
“‘In the last year, we have seen a new resurgence in housing in Estevan no different than across the country,’ said Lynn Chipley with Century 21 Border Real Estate. ‘If you drive around town, you’ll still see those notices in the window and the little blue lockbox that tells you it’s a vacant property,’ she said. ‘There are still a few of those that I can see driving by that have yet to reach the market. So unfortunately, we are still seeing bank repossessions coming back on the market. That’s what’s keeping the prices down.'”
Comments are closed.
‘She had to trust her real estate agent’
DONG!
‘It’s risky, but you know, maybe a little less risky than it used to be’
This is an interesting article. Every day that passes makes it more risky. Unless one thinks it will never end. Which is insane.
Would you trust any realtor? One has question their judgement entirely considering they open themselves up to massive claims by telling their targets to waive an assortment of contingencies. They’re just frigging dumb.
They richly deserve the tidal wave of claims coming at them.
Realtors are liars.
The Fed has long since dropped any pretense of being a responsible central bank. What they’re doing now is criminal. These fraudsters are going to end up crashing the financial system – again.
Get rates back up into the long term historic range of 12%-15% and most of these problems go away on their own.
Get rates back up into the long term historic range of 12%-15% and and the world economy will collapse. At the very least, the US gubmint would not be able to pay the interest it must pay to support the national debt.
The only time I can remember rates being that high was in the late 70’s and early eighties, when the Volker was trying to stop inflation.
At the very least, the US gubmint would not be able to pay the interest it must pay to support the national debt.
As is just about every other country. There would be a global default of the likes never seen.
Get used to the regime and the Fed saying that inflation “other than the ‘volatile’ food and energy” sector, is under control.
They’ll just take more and more “volatile” items out of the CPI until the inflation rate is based solely on the price of beanie babies.
“and the world economy will collapse”
Don’t be a drama queen.
The economy accelerates and revenues soar on rising rates.
“These fraudsters are going to end up crashing the financial system – again.”
Reset, I prefer the term reset. More accurate.
I listened to an interview with an archeologist/historian who said that the room in the Rockefeller retreat building on Jekyll Island where the plans for the Fed were drawn up is built on top of an altar that previous Native American inhabitants used for human sacrifices. There is a painting somewhere by one of the first French Huguenot pilgrims to land on the island depicting the priests of the tribe chopping up human babies on the altar. The French apparently didn’t hang around and try to make friends and moved farther down the coast to found St Augustine. The recording starts about 7.30 minutes into this video the relevant part starts about 17 minutes in. Pretty interesting.
https://www.youtube.com/watch?v=_UIpdqpA-Gc
the priests of the tribe
They were pikers compared to us.
Speaking of the Fed; over 4 million people died of hunger last year. The trillions the Fed has been blowing to keep the rich getting richer could have fed every human on planet earth. Instead it caused speculative bubbles in agricultural commodities (necessities) similar to the ridiculous blow up of lumber futures. There are no real shortages, but higher food prices thanks to the Fed will cause more starvation.
‘There were 361 homes listed: 212 existing and 149 new’
New? But there isn’t enough wood in Idaho to make a book of matches? A shack is a box of air, and it’s wrapped by a few thousand pesos of warped crappy sticks stapled together by Guatemalans.
I suspect a majority of those 149 new are rated at UAD Q6. Construction really is the Wild West: slap up a shack with a team of Guats, doors and walls not square, peeling linoleum floors, improperly graded lots with water backing up into crawl spaces, etc. All for the low-low price of $450,000. After a while the builder skips town with a disconnected phone number.
Who would have thought that the houses slapped together 1-15 years ago would be considered “quality” in comparison to the new ones.
Denver, CO Housing Prices Crater 17% As Subprime Mortgage Defaults Blanket State
https://www.movoto.com/co/80221/market-trends/
As a noted economist stated, “The leading cause of personal bankruptcy in the US are the 15 and 30 year mortgages.”
‘down 15.9 percent ($499,500) from mid-2016 on an apples-to-apples basis’
More a$$ poundings for bay aryans.
‘but ‘within 8 percent of asking’ according to all industry stats and market reports’
Just give me that goddamn house
One of her clients paid $300,000 above asking on a house listed for $1.065 million. ‘What is different is the people’s appetite to go crazy,’ says Levey. ‘Now everyone’s like, ‘I don’t care that I’m overpaying. …. Just sign me up anyways.’”
“What is different is the people’s appetite to go crazy,” says Levey.
“Now, the Star-Belly Sneetches had bellies with stars. The Plain-Belly Sneetches had none upon thars.” —Theodor Seuss Geisel
San Francisco, CA Housing Prices Crater 18% YOY As Surging Inventory And Plunging Demand Blankets California
https://www.movoto.com/san-francisco-ca/market-trends/
As a noted economist stated so eloquently, “If you have to borrow for 15 or 30 years, you can’t afford it nor is it affordable.”
‘What is different is the people’s appetite to go crazy,’ says Levey. ‘Now everyone’s like, ‘I don’t care that I’m overpaying. …. Just sign me up anyways.’”
When it all comes crashing down, every one of these reckless gamblers is going to blame everyone but themselves for their financial calamity.
“When it all comes crashing down, every one of these reckless gamblers is going to blame everyone but themselves for their financial calamity.”
“Like everyone else, ________.” (insert tale of woe)
You have to realize you’re probably going to pay over asking price, and you have to be willing to do what it takes right now to get a house, until the tides change.’”
Three things:
1. Realtors are liars
2. Realtors are liars
3. Is this a realtors’ idea of fiduciary duty to their “clients”?
“Realtor” is not a profession, it’s what dishonest hucksters call themselves to sound respectable. Any “profession” where cosmetic dentistry is a business expense is not to be trusted.
How about where chest surgery is a business expense?
Neither can expensed unless you take them off when you’re not working. 😂
There are probably hundreds of thousands coming off forbearance every week.’”
And what percentage of these lack the intent or means to pay all the back rent and mortgage payments they owe?
But…but…I thought you CA libtards were all about compassion.
LA residents revolt over shanty town plans: Thousands in Venice and Brentwood sign petition to STOP plan to house homeless in tents and cabins at popular beaches
https://www.dailymail.co.uk/news/article-9576967/LA-residents-revolt-shanty-town-plans-Petition-STOP-plan-house-homeless-tents.html
Thousands of Los Angeles residents are in revolt over plans to house the homeless in tents and temporary cabins near popular beaches and parks throughout the city.
Councilmember Mike Bonin summitted a motion to add more shelters in areas such as the Los Angeles International Airport, Marina del Rey and Pacific Palisades.
What were they expecting? They voted to convert the city into a dystopian nightmare.
And to think that SoCal was once one of the best places to live in the world. A near paradise on Earth.
Oh dear. Looks like fiscal reality is starting to set in as consumers start to look beyond the stimmy checks.
https://www.marketwatch.com/story/sales-at-u-s-retailers-come-to-a-halt-in-april-as-stimulus-boosts-fades-11620996165?mod=mw_latestnews
I guess everybody’s buying lumber with the money.
Decades ago, during Mexico’s high inflation years, I knew people who would stockpile rebar, bricks, copper tubing, bags of cement and other construction materials because, unlike money in the bank, their market value would keep pace with inflation, and they were pretty easy to sell when you needed to raise cash.
I’ve found that bags of cement go bad in storage.
The boycott continues.
Any business other than the grocery store that requires masks does not get my money. Which means I’ll be doing all my discretionary spending outside of Denver, because Denver is a cuck city where cuck masks are a religion.
Remind me again: why is it the Powers that Be want to get us all vaccinated?
https://www.foxnews.com/entertainment/bill-maher-tests-positive-coronavirus-real-time-taping-canceled
Take me out to the BAALLLLLLGAMMME….Give me some rona and fake PCR tests…..
https://www.zerohedge.com/covid-19/yankees-suffer-covid-resurgence-8-fully-vaccinated-players-staff-test-positive
Okay, it’s beyond ridiculous at this point. Someone with access to the information, either readily available or curious enough to do the digging (not me), should be able to tell what region of the virus is amplified/detected and whether that region aligns with the mRNA/DNA in the jabs. If so, the jabs are generating the positive results. If not, the jabs don’t protect against infection. Neither scenario helps The Narrative.
A disease so deadly, you have to be tested to find out if you have it.
A vaccine so safe and effective, you have to be threatened to take it.
It doesn’t look like the “vaccinations” in the US changed the shape of the cases/day curve in any way, up or down.
Farr’s Law
A disease so deadly, you have to be tested to find out if you have it.
I’ll bet that there are far more people who, like Mahr, have had it and never knew it, than the official infected tally.
A vaccine so safe and effective, you have to be threatened to take it.
Delta Airlines just announced that all new employees need the jab.
It doesn’t look like the “vaccinations” in the US changed the shape of the cases/day curve in any way, up or down.
After looking at the “Daily New Cases in the United States” graph on worldometers it looks as if the vaccines have had no real effect.
And as I have mentioned before, it appears that Mexico is reaching herd immunity, even though only about 15% have had the “jab”.
I identify as vaccinated. What’s the problem bigot?
I identify as vaccinated.
You’re a transvaxxite.
Auburn, MA Housing Prices Crater 21% YOY As Boston Area Housing Bust Accelerates
https://www.movoto.com/auburn-ma/market-trends/
As one MA broker explained, “Sellers can’t lower their prices fast enough. They just want out at any cost because they’re broke.”
Stacey Abrams: AZ Recount ‘a Continuation of the Insurrection’
PAM KEY
13 May 2021
Failed Georgia Democratic gubernatorial candidate Stacey Abrams said Thursday on CNN’s “Anderson Cooper 360” that the Arizona recount of 2020 ballots was “a continuation of the insurrection.”
Cooper asked, “First on the news, given all your work on voting rights, when you see this so-called au
dit in Arizona with cell phone jammers and UV lights, and conspiracy theories about bamboo ballots brought in from Asia, what is happening there?”
Cooper said, “What’s Orwellian about this, Kevin McCarthy is saying that no one is contesting the legitimacy of the last election, which is exactly what they’re doing.”
Abrams said, “Not only is there a hypocrisy, but it’s gaslighting. They are saying aloud that there’s nothing wrong, and at the exact same time, they’re pushing forward legislation to fix something they say is broken. Either they’re lying then, or they’re lying now. And the reality is the lie that continues to weave its way through our democracy is one that turns this issue of partisanship, this naked partisan grab.”
https://www.breitbart.com/clips/2021/05/13/stacey-abrams-az-recount-a-continuation-of-the-insurrection/
Stacey with an E is dumb. One person said one thing and 10’s of millions say another. Now they are deleting databases in AZ. Trump won the country and Arizona in a landslide: we all saw it on election night. But somehow these clowns expect us to believe voting is mysteriously stopped, simultaneously in multiple states, as the landslide was becoming obvious. Millions upon millions of votes can appear in the wee hours of the morning, in precisely the swing states (matching exactly the states where voting mysteriously was stopped) where it has to happen (mathematically impossible). And that a corrupt, senile pedophile can receive more votes than any person in history, when he couldn’t fill a phone booth the day before the election.
Hey Georgia dumba$$, let’s audit the ballots. Whacha afraid of?
If the election of X is not to our liking it is
a) white supremacy
b) racist
c) Jim Crow
d) Russians
We need a skilled gap toothed propagandist like that.
I bet she’d leave all the lies behind if the envelope were fat enough.
Weeks before the election, Democrats and the media comforted their liberal viewers by saying that Trump was expected to gain a lead early in the evening but then Biden would catch up later as mail-in ballots were counted. So, when those (fraudulent) votes did appear, it looked normal — hey, it’s just what we predicted. Then they bragged about the tactic in the Time Magazine article.
Stacey is doing the same thing here. She’s building a narrative to conditiong the audience to expect fraud, so that when it happens, she can say “see, it’s just like I told you on Anderson Cooper, they’re gaslighting. Don’t believe them.”
The Deep State is scared sh itless right now. Liz Cheney was ousted from her leadership role in the House the other day. Remember Liz is basically her father wearing a blonde wig. Her dad was the guy who served as Commander in Chief on 9-11 and collaborated with Is raeli intelligence/special ops to murder thousands of US citizens that day. The apple doesn’t fall very far from the tree.
Stacey Abrams is a walking sweaty blob of pre-existing conditions.
Stop your bleating and put down the fork, Stacey.
Stacey is the scum that rises to the top of the Democratic Party.
They can hack into an entire gas pipeline grid, but hack a voting machine? Umpossible!
Do the voting machines run on Windoze?
I don’t think the voting machines were hacked. They were rigged by the vendor to produce the desired results.
Precisely. How can you trust the results of any election where the voting tabulation software used is not open source?
I don’t know exactly how they stole it, but they did. Beachturds.
My forte is the stank market.
“But if you’re buying a house for $500,000, (and) you’re paying $550,000, you’ve got that risk of $50,000,’ Leprino said. ‘But once that closes, and you’re the newest comparable in the neighborhood,
and the next day, your neighbor sells for $555,000 or $560,000. Now, all of a sudden, your negative equity that you started with on day one vanishes.”
And the equity for your neighbors increase. And because your neighbors are stupid they come to me so as to cash out this equity (of which I am happy to help them do because I get to collect a hefty fee 😁).
The neighbors cash out equity created by fools such as yourself. They trade this equity for debt.
“‘And that’s scary, right? Because we don’t know when that’s going to end.’”
When it does end the equity will vanish but the debt will remain.
A nation populated by dummies (who love to willingly be enslaved).
But I need that boat ya see. Im not complete without that boat. Without the mother’s milk of cash out I cannot afford the boat. Without the boat I cannot get my Tinder date to go all in.
And I need that boob job ya see. I’m not complete with boobs. Without the mother’s milk of cash I cannot afford the mother’s milk of big boobs. Without the boobs I cannot get my Tindr date to invite me onto his boat.
You scratch my refi, I’ll scratch yours. Our modern economEE
A couple foreclosures showed up in my inbox today (rare, with the rules in place), but it reminded me to share a tip.
On Zillow, do a search by zip code. At the top of the results page, next to the search term, there’s a tab “For Sale”. Click it and you can uncheck everything except Forclosures, Foreclosed and Pre-Foreclosures. You may get no results, but no matter. You can save this search and have it email you when it gets a match.
Should be a useful way to monitor the coming downfall in your area.
There are three kinds of liars: Liars, damned liars, and realtors.
Touché.
“But if you’re buying a house for $500,000, (and) you’re paying $550,000, you’ve got that risk of $50,000,’ Leprino said. ‘But once that closes, and you’re the newest comparable in the neighborhood, and the next day, your neighbor sells for $555,000 or $560,000.”
So now buyers are overbidding by 10% to price in next year’s 10% plus appreciation in the comps.
This is certainly going to end well!
In other words, you don’t have to outrun the bear, you just have to outrun the slowest person.
But they are all going to be eaten by the bears. We are coming to get them 🙂
Lumba at 1389. At 389 we get to fair value.
*POP*
https://twitter.com/kerpen/status/1393022731373973504:
Senator Burr asked Fauci, Peter Marks from the FDA, and @CDCDirector what percentage of their own employees are vaccinated.
Fauci probably a bit more than half, around 60%.
Marks said about the same.
Walensky dodged the question.
Apologies if anyone has posted this already.
Daily Mail: ‘$100k?’ Two millionaire ‘out-of-touch’ NYC mayoral candidates are mocked for not knowing the median price of a Brooklyn home (it’s actually $900k)
https://www.dailymail.co.uk/news/article-9566741/Two-NYC-mayoral-candidates-claim-median-cost-home-Brooklyn-100k-900k.html
One of the candidates is a former HUD secretary! These officials are even stupider than I thought possible…
It’s like when Shrub didn’t know gas prices had eclipsed $5 per gallon back in 2008. These people are completely out of touch with what the working man goes through.
Yellen the Felon collected $7M in “speaking fees” from the investment banks that were the primary beneficiaries of the Fed’s “No Billionaire Left Behind” monetary policies. She’s not too concerned about inflation.
Israeli airstrikes killing civilians in Gaza is an act of terrorism,” Omar said in a statement that ignored Hamas’s repeated strikes
https://freebeacon.com/national-security/muslim-brotherhood-praises-dems-for-abandoning-israel-in-time-of-war/
The Democrat’s globalist oligarch bankrollers will make sure the party keeps its Israel-first policies front and center.
Did you buy the baby bear dip in stonks in time to catch the TGIF relief rally?
https://www.marketwatch.com/story/dogecoin-prices-surge-40-higher-but-heres-one-sign-the-crypto-is-headed-for-a-lasting-breakout-analysts-say-11621017514?mod=home-page
All signs indicate the sky is the limit in risk asset prices!
“Stonks” is one of the dumbest memes ever. Why do you use it?
I like to call out stoopid when I see it.
I listened to this song as a kid before I knew what this stuff was and then lived it after I found out what it was and went to rehab at 28.
RINGO STARR – The No No Song
https://youtu.be/UooF19P_xlU
Excellent advice for any of us who ever struggled with substance abuse habits. I did too, back in my roaring 20s, but somehow managed to rein it under control w/o the rehab program step…just lucked out, really. Think it ended when I started dating regularly, which was a much better habit choice.
I wander away for a month or so and check back in to see that everyone is still here and as feisty as ever 🙂
The vibe on the ground around here is that something is afoot right now, both in real estate and the financial markets – seems like too many people I talk with are getting nervous but trying to not to show it.
I’m putting a bet on a major financial market downturn before August. New Stimulus, spending and tax code changes are likely to be a lethal combination. Just the Biden plan to raise cap gain and tax SS over 400k seems to have flipped the risk equations over to ‘not worth it’ according to several people I know.
I’m getting the sense that around here home prices are plateauing with buyers burned out, but with our supply chains for new construction and remodelling looking like paper targets after a day at the gun range to say nothing of moratoriums, I have no idea if supply will slingshot back toward historical levels soon or be held back through the year end.
I’d check in here more often, but I took a little fall for the worse, and next week I go back under the knife to replace my -other- knee and get a matching set of steel and teflon joints.
Rock on everyone…
Thanks for checking in, and good luck with the surgery.
On my end, I was able to complete a couple of dental implant procedures last year despite the challenges of medical and dental office visits during covid. So far as I can tell, the replacement teeth are better than the originals were.
Hope your knee replacement surgery outcome is similarly favorable.
Would you be so kind as to share which teeth are implants? I have two problem molars on the bottom rear that have had so many fillings that there’s not much natural tooth left above the gum line, and one of them is cracking. Ugh.
I have molar implant at #31. An abscess from a split tooth required clearing decay from the jaw and replacing it with graft material, which required six months to set well enough to hold the implant firmly. Then the implant and abutment were installed requiring several more months allow the gum tissue to heal and grow around the abutment post. Finally the crown could be installed. The only problem encountered was chewing on one side so long that I developed a slight popping on the opposite side while chewing something tough, but it went away once I started chewing on both sides again. It was very expensive, $5k+, but worth it.
Thank you for the info. I will be having something like this done on one side since the tooth is, I think, history. The other side can still accommodate a crown. Interestingly, it’s the same tooth on both sides. All other molars are fine. I have been a grinder in my sleep my whole life and it’s catching up to me. Should have been wearing the guard but I hated it. Ah, the joys of aging.
Most of my dental problems came from amalgam fillings that became loose and leaked causing decay underneath the filling itself. By the time it’s noticeable the damage is done. Modern fillings are adhesive, flexible and will last forever. Some things [are] getting better!
Some things [are] getting better!
And we are getting old.
Two molars…similar situation to yours. One was a botched root canal, the other the consequence of grinding my teeth too much at night during a period when I was extricating my disabled dad from a $100K Ponzi scheme. (We got his money back, but it cost me a tooth…)
I highly recommend the procedure if you can find a good oral surgeon to do it. It resulted in a significant quality of life improvement for me.
I’ll repeat what I posted a couple days ago:
Contrarian David Hunter predicts more upside to the markets. Conservatively, he says
DOW 38000
NASDAQ 17000
S&P 4700
And then it’s going to crash at least 50% 3Q 2021.
People love to pretend asset price movements are highly predictable. And if they were, I guess we could all be billionaires, if only we we could figure out ahead of time which of the vastly divergent predictions out there was correct.
The black swans get a vote. This this bungling new administration we’ve lurched from one crisis to the next. At some point something’s go to give.
I don’t believe any of these predictions. It’s just like the people who said the market would crash after the election in November. Then it was going to crash after the illegitimate Coup leader took office. Now it’s later this year. Everybody is throwing darts.
Nobody can predict precisely where things are headed in the immediate future; all we can really say is that any investment made in markets today will have very low returns if held over the long term. And by long term, we are talking decades in the future with meager returns, with drastically lower valuations at some point between now and then. A 75% sell off would only take the SP500 down to 1044 which is certainly not an undervalued level by any stretch.
Everybody is throwing darts
Not everybody, but some love to catch them.
The other thing I always wonder is whether rich guys might be taking the other side of the bet from what they announce. If can get stocks to bubble and burst, my shorts will pay extra.
Good luck with the knee replacement and I hope your recovery is as quick and pain free as it can be.
Today is Friday, May 14th and Joe Biden is not the legitimately elected president of the United States.
The 2020 election was stolen.
Black homeowner had a white friend stand in for third
appraisal. Her home value doubled!
https://www.cincinnati.com/story/money/2021/05/13/indianapolis-black-homeowner-home-appraisal-discrimination/5071223001/
“For months, she suspected she had been low-balled on two home appraisals because she’s Black. She decided to put that suspicion to the test and asked a white family friend to stand in for her during an appraisal.”
Take a scroll down the Social Justice Warrior author’s twitter page before you put too much stock in that story.
https://twitter.com/allyburris?lang=en
Haven’t we heard this story before?
I’m greatly relieved to read that the earthshaking impacts of the pandemic on financial markets have passed, and all is well once more.
The Financial Times
US equities
US day trading frenzy eases as investors ‘move on to other things’
Retail trading activity in stock and options markets ebbs after surging during pandemic
Aziza Kasumov and Madison Darbyshire in New York
2 hours ago
The day trading bonanza that took Wall Street by storm early in 2021 has cooled sharply as US authorities lift social curbs and amateur investors spend more time away from home.
An army of have-a-go traders armed with no-cost trading apps propelled “meme” stocks to lofty heights in the first months of this year, in a move so vigorous it prompted a Congressional inquiry into core market issues like trade settlement, and the links between brokers and market makers.
But as large portions of the US economy begin to reopen, data have begun to signal a fading appetite for the same type of intense trading that triggered volatility in many shares in January and February.
“The rise was spectacular, but the fall has been equally spectacular,” said Steve Sosnick, chief strategist at Interactive Brokers. “The casual investor, or the investor who conflated gambling with investing, they’ve moved on to other things. More people are heading back to the office . . . and quite frankly investors have other things to do with their money.”
In US options markets, where traders place sometimes risky bets on movements in stocks and other assets, trading associated with retail investors compared with overall volume slid to a six-month low of 15.5 per cent in early May, from close to 20 per cent in January. In April, total trading volumes across the retail brokerage sector were down 26 per cent compared with March, according to a Piper Sandler analysis.
At the same time, the proportion of trades routed to market makers by the biggest retail brokerages, compared with overall US equity market volume, dropped 10 percentage points to 18 per cent between December and March, despite a fresh round of stimulus funds hitting American bank accounts at the latter portion of that period.
The slowdown in DIY trading marks a shift from earlier in the year when stocks like GameStop, which were hotly discussed on Reddit and other forums and were the subject of social media jokes, were sent surging higher by at-home investors. The moves were so strong that they inflicted heavy losses on hedge fund Melvin Capital, run by a protégé of well-known manager Steve Cohen. Congress has held numerous hearings over the episode.
The cooling in equity trading has coincided with a sharp rise in cryptocurrency activity, with volumes at major exchanges soaring to a record $1.7tn last month, according to CryptoCompare data compiled by The Block Crypto. However, analysts said a lack of granular data on crypto trading makes it difficult to determine the extent to which users of traditional retail trading platforms have shifted to digital assets.
…
House Democrats unveil sweeping response to Jan. 6 attacks (5/14/2021):
https://www.msn.com/en-us/news/politics/house-democrats-unveil-sweeping-response-to-jan-6-attacks/ar-BB1gJFcF
The Clash — Police On My Back:
https://www.youtube.com/watch?v=0tCx11ITaiY
Dr. John – Right Place Wrong Time
https://youtu.be/HT4RainY-lY
‘Significant Discrepancies’ Discovered In Arizona Audit, Ballots Off Up to 17.5%, ‘Likely Joe Biden Did Not Win’
“They’re hiding the disaster in which they handled this election, and likely, the fact that Joe Biden did not win in Arizona.”
https://nationalfile.com/breaking-significant-discrepancies-discovered-in-arizona-audit-ballots-off-up-to-17-5-likely-joe-biden-did-not-win/
Get some ropes. Lots of them.
They have a long way to go in the count. See it through guys.
The truth is not a threat to Democracy.
This was an inside job by the deep state. We have likely thousands of traitors who need to be executed for their crimes. Rigging a Presidential election to install an illegitimate figurehead is about the worst crime possible.
“This was an inside job by the deep state.”
+1 Indeed, with lots of planning and billionaire funding.
“This was an inside job by the deep state. We have likely thousands of traitors who need to be executed for their crimes. Rigging a Presidential election to install an illegitimate figurehead is about the worst crime possible.”
Putting it that way reflects the gravity of the crime.
“We now know why the Maricopa County Board of Supervisors have been fighting this subpoena so hard, why Perkins Coie has come in, why the Democrats are pushing back, why you’ve got mainstream media melting down,” he explained, “Because they’re hiding this. They’re hiding the disaster in which they handled this election, and likely, the fact that Joe Biden did not win in Arizona.”
Ben Jones
May 14, 2021 at 6:57 am
“Stacey with an E is dumb. One person said one thing and 10’s of millions say another. Now they are deleting databases in AZ. Trump won the country and Arizona in a landslide: we all saw it on election night. But somehow these clowns expect us to believe voting is mysteriously stopped, simultaneously in multiple states, as the landslide was becoming obvious. Millions upon millions of votes can appear in the wee hours of the morning, in precisely the swing states (matching exactly the states where voting mysteriously was stopped) where it has to happen (mathematically impossible).”
Patricia Janeckova – Once Upon A Time In The West
https://www.youtube.com/watch?v=kOy6M_X2MO8
“Talk about celestial bodies
And your angels on the wing
She wasn’t much good at stickin’ around–but
That girl could sing”
Jackson Browne
The last refuge of scoundrels: calling anyone who resists going along with globalist agendas and Narratives an “anti-Semite.” That’ll silence them….
If you’re an anti-vaxxer then you’re an anti-Semite
https://pushingrubberdownhill.com/2021/05/13/if-youre-an-anti-vaxxer-then-youre-an-anti-semite/
I predict that close to the 2022 election they will find cause to do lock downs again, based on mutant strains. This will be done to rig the election again.
When you have fake news, with censorship of dispute, you know that the narratives are for a purpose other than the public good.
The pressure and punishment being put on people who don’t want experimental vaccines is outrageous and not justified. The constant attack on sectors of the populations that reject this medical tyranny and criminal power grab by forces that corrupted Government and their agencies is the whole agenda 24/7.
It was a fake unjustified Pandemic , just as all the other fraudent narratives are, as well as criminal rigging of a major election .
They have made their move on a grand scale , and the 24/7 fraud is obvious. The Puppet Biden is in their pocket in every move this traitor makes to undermine America.
Communist like top down One World rule by Monopolies with Big Pharmacy being used as a weapon of mass destruction.
So, how do you like Big Government now, that’s in bed with private industry Monopolies?