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In United States
Registered Jul 29, 2011
tr6's most recent comments:
- On 28 Aug 2014
I'm liquidating all my stocks and going to cash,
It would not be that hard to get 10-15% correction. The rally since April has been low volume biotech driven. Many biotech valuations are crazy. My guess is the correction comes in October - November once QE is over.
- On 27 Aug 2014
Obamacare brings Medicare costs under control,
Also did you guys get amnesia? What about all of the Red states that have opted out of Medicare expansion?
This has nothing to do with it. Medicare costs have been rising slower than private insurance for a while. For example, when my dad had private insurance, the premium was almost $1000 per month with a high deductible. Now on Medicare he pays about $130 per month including drug coverage. In both cases he used maybe $1000 of services a year. His premiums are not getting wasted anymore.
- On 26 Aug 2014
My first real estate bear thread (ever),
BA home market will be hit very hard with stock market going bust
It was not the case in 2000 because interest rates came down. Interest rates can still come down to Japan's levels to make the fall less than what most expect.