down 7+% this morning. Isn't going to be pretty tomorrow when Wall Street opens. The f**kers have been (Ben) playing with fire for the last four years, and all bubbles that are blown are destined to pop. Instead of blowing bubbles and propping up the 1%, what would have been wrong with letting assets return to normal valuation in 2009 and bailing out the little guy?

Oh dear...

...didn't you know that the little guy is the only reliable link in the chain?

__________________
1992 W201 190E 1.8 171,000 km - Daily driver
1981 W123 300D ~ 100,000 miles / 160,000 km - project car stripped to the bone
1965 Land Rover Series 2a Station Wagon CIS recovery therapy!
1961 Volvo PV544 Bare metal rat rod-ish thing

I'm here to chat about cars and to help others - I'm not here "to always be right" like an internet warrior



Don't leave that there - I'll take it to bits!

The markets are very reasonably priced. Lots and lots of near term Upside potential unrealized.

One consideration is borrowing all the money one can @ 3%, and making 20% +/- per annum while the gettin's good. The RE train has already left the station - literally in some cases.

This free money gift horse staring us in the face policy isn't going to be around forever - as some seem to think. Consider borrowing ALL you can now and lock in super low interest rates is the best strategy out there. Markets have been booming for over 4-years, Up 150% including dividends, so, as far as markets go the current markets may be correcting previously incorrect forecasts rather than making a new correct one, as per predicting the future trend.

I can't wait for this to be over. I have some money in the market, but , having lost big bundles in 2000 and 2008 I'm too close to retirement to go for broke again. I have a sum that would allow me to live quite comfortably if interest rates were where they have been at any other time in my life. But retiring now (at these rates) would mean eventually eating into my principal.

It's pretty obvious that it's a bubble when the DOW loses 200 points when Ben departs from his script and sneaks in a few words of truth.

Pre market indexes are down. Could be an interesting day.

__________________
80 300SD (129k mi) 82 240D stick (193k mi)77 240D auto - stick to be (153k mi) 85 380SL (145k mi) 89 BMW 535i 82 Diesel Rabbit Pickup (374k mi) 91 Jetta IDI Diesel (155k mi) 81 VW Rabbit Convertible Diesel 70 Triumph Spitfire Mk III (63kmi)66 Triumph TR4a IRS (90k mi)67 Ford F-100 (??)

I thought there would have been a serious correction by now. Maybe not enough money in yet? Noticed the wifes returns have been getting pretty strong very reciently.

Don't worry kid. After you've been around long enough to weather a few storms, you'll get the hang of it.

__________________
2001 SLK 320 six speed manual
2014 Porsche Cayenne six speed manual

Annoy a Liberal, Read the Constitution

I'm keeping an eye on it with the British press. So far it seems calm. One of the Fed voting governors came out with a bit of soothing words to try to keep things a bit calmer. Fact remains the central banks are going to have to slowly ween economies off the money printing. This will have to be somewhat unpleasant or VERY unpleasant.

Eeeek! Well don't blame us if it all goes wrong - I've not know the British press to be particularly reliable...

__________________
1992 W201 190E 1.8 171,000 km - Daily driver
1981 W123 300D ~ 100,000 miles / 160,000 km - project car stripped to the bone
1965 Land Rover Series 2a Station Wagon CIS recovery therapy!
1961 Volvo PV544 Bare metal rat rod-ish thing

I'm here to chat about cars and to help others - I'm not here "to always be right" like an internet warrior



Don't leave that there - I'll take it to bits!

beats relying on the communista news network

East Coast real estate, in markets that still haven't responded to Zimbabwe Ben's attempts at inflation (aka NJ, where all the bumlosers from four years ago are just now getting foreclosed). 8-10% cap rate is possible, and values will increase eventually.