patrick.net

corntrollio says

But doesn't "millionaires" including housing equity?

Some data show both with and without because it's so significant. House equity is the only reason a lot of people have a net worth.

Call it Crazy says

Or have a "negative" net worth..... YMMV...

exactly, most don't even have a net worth. They have debt.

They have debt but they own a house. Greatest sales job of our time.
All time?

Good grief Gary, who do you think knows more about the topic, you or the scientists who work in the field?

You are arguing the earth is 6000 years old. They're arguing whether the universe is 10/15/20 BILLION years old. You have no point except an utterly incorrect one.

You haven't a clue what you are talking about. Your arrogance beggars belief. Here you are pontificating as if you think you know what you are talking about. You haven't the foggiest. The leading scientists in the field completely and utterly refute the nonsense you are spouting, and yet you carry on with this drivel. Utterly laughable.

Complete and utter drivel. And by the way, didn't you say the earth was only 6000 years old? You seem to have just added 24000 years. Whoops.

Can I wear the hat?

CaptainShuddup says

Can I wear the hat?

No, that'll still get you in trouble with the law around here.

I like the part about how his nephew's student loan payment was higher than his own morgtage.

Call it Crazy says

Bigsby says

You are lost to all rational thought.

Yet you continue to respond to his post??? Why??

Because I find him amusing. Unlike you.

RentingForHalfTheCost says

E-man says

RentingForHalfTheCost says

All RED today except for Gold and Uranium. Just the way I predicted it would be. Get used to this pattern or die!

I just woke up, turned on the TV, and saw all green. Did you make the wrong bet and lose money again?

RED baby. Maybe your TV needs adjustment. It happens on old picture tubes.

You're like our resident oracle. Everything you say.... the opposite comes true.

bgamall4 says

Bigsby says

Yeah, of course, because they think you're so important. They took one look at your blog, read your barmy views, saw you had zero replies, and got straight on the phone to me. Oh, hang on, no they didn't.

That is a relief. You just do it out of conviction that there is no hell and you will just go to sleep when you die. Then why bother?

What do you mean why bother?

That is about the stupidest argument you've made in the entire time you've been here. I may as well say to you that if you are so certain about heaven, then why haven't you tried to speed up the process of getting there? Do you get the point?

bgamall4 says

Bigsby says

That is about the stupidest argument you've made in the entire time you've been here.

What is stupid about it? Seriously, what is the point if no one remembers each other? It makes no sense at all.

So why not just kill yourself now since you will fall asleep and forget it all anyway?

Or you could simply appreciate the life you have and actually try and enjoy it.

bgamall4 says

bob2356 says

bgamall4 says

You can't argue the supernova phenomenon.

Actually you can, since it's a bunch of bullshit.

http://www.talkorigins.org/faqs/supernova/snrfab.html

He says: "Obviously, Davies never went SNR hunting in a galactic environment, but I have. For one thing, an SNR becomes essentially invisible, even in a non-crowded environment, within 1,000,000 year tops, maybe less, depending on the specifics of the supernova and environment. But in practice they become essentially invisible long before."

But he has no way of knowing that. It is impossible to confirm that.

There is no way of knowing and it is impossible to confirm anything you post so you guys are even. If it's impossible to confirm it's true then it's impossible to confirm it's not true so your supernovae theory is in the shitcan.

Since all the bankers have been "suiciding" themselves lately, it might be soon.

Do you know how many times you can shoot yourself with a nail gun before dying?

About 8 apparently.

CrazyMan says

Since all the bankers have been "suiciding" themselves lately, it might be soon.

Do you know how many times you can shoot yourself with a nail gun before dying?

About 8 apparently.

Funny (ironic, not ha-ha), sad, scary.... Hopefully, not true.

Cali Housing is ....

foreclosures have to to rise 10 times for prices to go back to 2009-2010.

have fun waiting.

bgamall4 says

You can enjoy it knowing that it will end soon and you won't even remember any of the enjoyment?

? Obviously.

bgamall4 says

You can eat, drink and be merry as the end all and be all of life, and that is how the world, the non elect, think.

You think you are the 'elect.' Everyone else thinks you are deranged. Funny that. And yes, I will continue to 'eat, drink and be merry.' I'll also have the love of my family and friends, will continue to enjoy travelling the world, marvelling at all the sights on it and animals that inhabit it, and will carry on doing all the other myriad things that make life so worth living. Why on earth not? It beats what you are doing, consumed by every conspiracy theory you can find.

Mark D says

foreclosures have to to rise 10 times for prices to go back to 2009-2010.

have fun waiting.

It's fun watching R.E. cheerleaders tout damage control...

Cheerleaders in mini skirts ....

"It's time to play the music
It's time to light the lights
It's time to meet the muppets
On the the muppet show tonight
It's time to put on makeup
It's time to dress up right
It's time to raise the curtain
On the muppet show tonight"

anonymous says

Five Reasons a Scary, Viral Chart Is Misleading—and One Reason It’s Bullish -
By Todd Bliman, 02/13/2014

Exactly--you can't compare the two time periods by looking at point gains/drops. You either have to look at percentage change or inflation adjust it.

Bigsby says

RentingForHalfTheCost says

E-man says

RentingForHalfTheCost says

All RED today except for Gold and Uranium. Just the way I predicted it would be. Get used to this pattern or die!

I just woke up, turned on the TV, and saw all green. Did you make the wrong bet and lose money again?

RED baby. Maybe your TV needs adjustment. It happens on old picture tubes.

You're like our resident oracle. Everything you say.... the opposite comes true.

Good thing I always bet on the opposite. ;)

sbh says

RentingForHalfTheCost says

Dude, I am only 14 years old.

That explains why your gun shoots blanks.

At least try to be funny or antagonizing with your insults. That one's just stupid.

anonymous says

Five Reasons a Scary, Viral Chart Is Misleading—and One Reason It’s Bullish - By Todd Bliman, 02/13/2014

A sensational chart comparing the movement of the Dow Jones Industrial Average for the period 1928 - 1929 and the period 2012 – Present. Viewers are to believe the same pattern is developing—implying a great crash looms. Frightening! But I’d suggest there is a different, more accurate description: misleading. And for more than just one reason—here are five. What’s more, after you weigh the five reasons I believe this chart’s purported predictiveness is malarkey, I’ll discuss the real takeaway: This whole episode actually seems much more bullish than bearish.

This author's analysis is not without its own flaws.

1) The author is complaining the magnitude scales are not the same. So what. If you listen to the same song at different volumes ITS STILL THE SAME SONG.

2) The start times are arbitrary. Again so what? Does the author expect the data to match perfectly? Again with the music analogy a tribute song may not match the original exactly either but ITS STILL THE SAME SONG.

3) Now the author is complaining the DJIA is a flawed index and that the SP500 is a better gauge.

The author claims the similarity between the 1920s and modern day disappears when looking a the SP500. He may not see the similarities but I do.

ITS STILL THE SAME SONG. Maybe a modern hip hop dance version of an old jazz favorite but its still got the same beat.

4) Past performance isn’t indicative of future results. This I agree with, however I'd also say history does tend to repeat itself, especially when the mistakes of the past have not been learned.

5) The author points out such a comparison can be run with any time period. Again that's like saying you can compare any song to any other song in your collection, they may not sound the same or they might be identical. So what?

The author then claims the serious perception of this chart is a reason the market will remain bullish. Maybe so, not all remixes are true to the original tracks.

That said this one has been shadowing the original since it was first identified back in November:

bgamall4 says

Bigsby says

You think you are the 'elect.' Everyone else thinks you are deranged.

The election is done by God, not by a vote of unbelievers. You prove nothing.

And what exactly do you think you've proved? That you are a master of wishful thinking?

And personally, I rather doubt someone who spends his time pissing on the memories of dead children will be up for election to anything.

bgamall4 says

Bigsby says

And what exactly do you think you've proved?

I don't have to prove anything to you. That is the beauty of it. You will find out, but you won't want to lose your freedom that way. But there will be nothing you can do about it.

There's no beauty to that. It's purely ignorance and self delusion on your part.

And didn't you admit to adultery on here? You must be very nervous...

I wanna hear what our RE shills have to say about this. Especially with the news that Wells is getting back into subprime.

Roberta, I know you're reading this you buffoon. Come back and tell daddy how we "bears" are wrong.

Well, if there is/was a bunch of shadow inventory, now would probably be as good a time as ever to unload them and grab more.

anonymous says

“I guess WSJ journalists can no longer be bothered to do some simple math before writing an article. The 1920s chart (on the left) shows the index growing from 200 to 375 (+88%) over 18 months. The 2013 chart (on the right) shows the index growing from 12,500 to 16,000 (+28%) over 18 months. Just so Mr. Hulbert is not confused, I will point out that 88% is greater than 28%. The charts appear to be similar only due to the scaling of the vertical axis.”

Stock prices may or may not be overvalued, but this bogus chart tells us nothing. Seriously, why this is worthy of discussion?

The point of discussion isn't the amplitude but the pattern.

New Renter says

The point of discussion isn't the amplitude but the pattern.

Because both time periods are somewhat noisy lines with a positive slope?

Holy crap. Stop the presses!

New Renter says

anonymous says

“I guess WSJ journalists can no longer be bothered to do some simple math before writing an article. The 1920s chart (on the left) shows the index growing from 200 to 375 (+88%) over 18 months. The 2013 chart (on the right) shows the index growing from 12,500 to 16,000 (+28%) over 18 months. Just so Mr. Hulbert is not confused, I will point out that 88% is greater than 28%. The charts appear to be similar only due to the scaling of the vertical axis.”

Stock prices may or may not be overvalued, but this bogus chart tells us nothing. Seriously, why this is worthy of discussion?

The point of discussion isn't the amplitude but the pattern.

The point is to get suckers to sell so that investors can buy at a discount.

tatupu70 says

Exactly--you can't compare the two time periods by looking at point gains/drops. You either have to look at percentage change or inflation adjust it.

You mean percentage as in the percentage of the total DOW value? That makes no sense to me. Even bears wouldn't expect the DOW to crash to zero. Seems to me we should be looking at the dollar amount of the gain/fall, adjusted for inflation. I would say the chart posted by anonymous is nonsense.

Homeboy says

You mean percentage as in the percentage of the total DOW value? That makes no
sense to me. Even bears wouldn't expect the DOW to crash to zero.

I'm not sure what you are saying. What does going to zero have to do with it?

Bubbabear says

Mark D says

foreclosures have to to rise 10 times for prices to go back to 2009-2010.

have fun waiting.

It's fun watching R.E. cheerleaders tout damage control...

Not as much fun as watching you continue to run away from your early 2013 call, as fast as your little legs can carry you:

Bubbabear says

California Housing Prices Falling MoM and QoQ

If you buy a house now in California, you’ll will sustain irrecoverable losses.

It's all Obama's fault!!!

The banks are in this to make money. Why wouldn't they wait until they could make more money on a sale to start unloading some foreclosure inventory? They're running a business, not a charity. And clearly our government enabled them to proceed with such a plan. Sucks for the rest of us, but it is the way it is. The banks ain't losing money. If it happens to benefit the current homeowners, well that's just coincidental. If it benefited the banks to hurt the current homeowners, I have no doubt that's the way this would have played out.