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Old 02-03-2012, 04:53 PM
spdrun spdrun is offline
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Join Date: May 2011
Location: NYC
Posts: 6,030
Quote:
Originally Posted by elchivito View Post
The haters will complain it's too little too late, or has nothing to do with the President, or something, anything, and their tools will listen and believe. Just wait.
Call me a hater if you like: I find it bizarre that the participation rate slipped from 64.0% last month to 63.7% this month, which is the lowest it's been since at least 2002. Yeah, some people are retiring, but if unemployment really dropped from over 10% to 8.3%, I'd expect to see some rise in participation, or at least no drop.

As far as favorite candidates, I wish to hell that Huntsman was still in the running, but I'll take Obama over either Newt or Mitt!!

And regardless of the news, SPWR rose from ~6.6 to 6.94, and GOOG rose from 6.85 to 6.95, so I made some money scalp-trading. Hoping for either some bad news or some good news next week, maybe a little of both. Volatility is my best friend, and it makes for fun times.

Nor am I crying about the lower participation rate -- fewer people that can qual for a mortgage, so I have more of a chance to snap up some distressed property before the government buy-to-rent program snaps into full swing. (Right now, they're testing with 500-1000 homes and only in a few markets. To qualify investors, test sales, and evaluate the results will take 6-12 months, which is just dandy peachy with me. Govno-mint working slow is to my advantage, since I don't have enough dough to qualify to buy thousands of homes at once, and anyway, don't want to be a "partner of Fannie Mae" in a "new investment vehicle." Prefer to be my own investment vehicle.)
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