Just got thru watching http://www.bravotv.com/flipping-out tonight. Was thinking that you've probably had clients like Jeff Lewis had tonight.
Was also surprised how long-term bearish a SoCal real estate agent was tonight (5-7 yrs before real estate mkt turns up). And this was an agent who probably denied that there was a bubble 5 yrs ago.
I sent so many bearish real estate emails to friends 6 yrs ago i'm surpised that they never told me to bug off.
the IBM false breakout that i wrote about earlier was a pretty telling signal.
However, it's very interesting that on today's selloff JJC is up 2% while the stk mkt is down 1%. And JJC could have chosen to break down from a topping formation.
Yeah, that's why I don't do that kind of work anymore.
I told everyone I knew not to buy real estate unless it was a very good deal.
Needless to say, nobody listened to me. Fortunately, they bought in markets that have not been hit too hard, but that may change in the next wave down.
3 comments:
Just got thru watching http://www.bravotv.com/flipping-out tonight. Was thinking that you've probably had clients like Jeff Lewis had tonight.
Was also surprised how long-term bearish a SoCal real estate agent was tonight (5-7 yrs before real estate mkt turns up). And this was an agent who probably denied that there was a bubble 5 yrs ago.
I sent so many bearish real estate emails to friends 6 yrs ago i'm surpised that they never told me to bug off.
the IBM false breakout that i wrote about earlier was a pretty telling signal.
However, it's very interesting that on today's selloff JJC is up 2% while the stk mkt is down 1%. And JJC could have chosen to break down from a topping formation.
Yeah, that's why I don't do that kind of work anymore.
I told everyone I knew not to buy real estate unless it was a very good deal.
Needless to say, nobody listened to me. Fortunately, they bought in markets that have not been hit too hard, but that may change in the next wave down.
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