I don't know, it was on the first page.
Stock Market
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I don't know, it was on the first page.
uscitizen
Villified User
Home Construction Down in July
Thursday August 16, 8:53 am ET
By Martin Crutsinger, AP Economics Writer
Home Construction Falls in July to the Slowest Pace in More Than a Decade
WASHINGTON (AP) -- Construction of new homes fell to the lowest level in more than a decade in July as builders continued to struggle with the steepest housing slump since 1991.
The Commerce Department reported Thursday that construction of new homes and apartments dropped 6.1 percent last month to a seasonally adjusted annual rate of 1.38 million units. That was down 20.9 percent from the pace of activity a year ago and represented the slowest pace since January 1997.
http://biz.yahoo.com/ap/070816/economy.html?.v=3
Thursday August 16, 8:53 am ET
By Martin Crutsinger, AP Economics Writer
Home Construction Falls in July to the Slowest Pace in More Than a Decade
WASHINGTON (AP) -- Construction of new homes fell to the lowest level in more than a decade in July as builders continued to struggle with the steepest housing slump since 1991.
The Commerce Department reported Thursday that construction of new homes and apartments dropped 6.1 percent last month to a seasonally adjusted annual rate of 1.38 million units. That was down 20.9 percent from the pace of activity a year ago and represented the slowest pace since January 1997.
http://biz.yahoo.com/ap/070816/economy.html?.v=3
uscitizen
Villified User
things are bad this month=good time to buy
Stock market averages double digit returns over the long haul.
Yep over the long haul with a few painful recessions scattered in there.
On the good time to buy, not necesarially depends on the stock. And if it has bottomed out yet or near to bottom.
as usual non detailed / bad advise from topper.
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The Almighty
Darla...
This isn't over. We still have the loans that originated in 2005/06 that haven't reset rates yet. When they do, you will likely see a continuation. Much of that is currently being priced into the market as a whole. There is a solid disconnect in many sectors of the market right now from the sectors and individual companies fundamentals. It will likely get worse over the next several weeks before people realize the buying opportunities in many sectors.
Financials, Home builders should continue to get pounded. Some will be going out of business.
Top is right in that there are buying opportunities that will come from this.
This isn't over. We still have the loans that originated in 2005/06 that haven't reset rates yet. When they do, you will likely see a continuation. Much of that is currently being priced into the market as a whole. There is a solid disconnect in many sectors of the market right now from the sectors and individual companies fundamentals. It will likely get worse over the next several weeks before people realize the buying opportunities in many sectors.
Financials, Home builders should continue to get pounded. Some will be going out of business.
Top is right in that there are buying opportunities that will come from this.
uscitizen
Villified User
I do well in the playing of stocks. You are getting more like toby and ahz every day spinner.
actually is RJS your troll ? you have a lot of similarities.
Umm there are a few more markets than just that one.
doniston
Aint I a cutie? HEH HEH
You are right--- when sticks are worthless, they will have a lower price.
The particular stock I am concerned with is not in the home building or financial sectors, so I don't get why it is being affected so badly. But I guess there is a semi-panic setting in with individual investors and it's just a matter of whether or not you ride it out.
evince
Truthmatters
Yeah buddy there will be but its going to be painful for most people and its going to effect the global markets as many international banks bought these loans.
If you have money you can make money in any market, this situation is going to effect every American even people like me who bought both of my houses long ago, Im just set well enough to weather any loss of equity and far from ready to cash in.
I dont know how old you are but this upcomig generation of kids is going to have one hell of a time which will make them very cautious buyers like my generation was for an extended piece of time.
They are going to look at the experience of their parents gettig thier asses handed to them because they bought a house.
Buying a house will not have the same emotional draw to this generation.
You see in an economy it is driven by individual people and they are emotional beings many of the economists forget that angle.
Sammy Jankis
Was it me?
I would like some kind of communal living buildings. with public areas and little private sleeping areas. Like the tiny tube rooms in tokyo, but with communal areas, kitchens, recreation, pools etc.
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The Almighty
No, not a semi-panic... this is pretty much a full blown panic.
There are a LOT of stocks and equity positions that are getting crushed for little apparent reason. Some of it has to do with those individuals/hedge funds/institutions that own the sub prime debt. Many owned the debt with varying degrees of leverage. There is little to no market for the sub prime debt so they are forced to raise cash by selling what they CAN, not necessarily by selling what they WANT. This could be what is hitting your particular stock. Or it just may be the panic of investors as they sell anything and everything because they don't understand what is going on.
If your stock has good fundamentals, then you may want to simply ride out and perhaps even add to the position. Talk with your financial advisor and get their opinion on the particular stock.
Sammy Jankis
Was it me?
No, not a semi-panic... this is pretty much a full blown panic.
There are a LOT of stocks and equity positions that are getting crushed for little apparent reason. Some of it has to do with those individuals/hedge funds/institutions that own the sub prime debt. Many owned the debt with varying degrees of leverage. There is little to no market for the sub prime debt so they are forced to raise cash by selling what they CAN, not necessarily by selling what they WANT. This could be what is hitting your particular stock. Or it just may be the panic of investors as they sell anything and everything because they don't understand what is going on.
If your stock has good fundamentals, then you may want to simply ride out and perhaps even add to the position. Talk with your financial advisor and get their opinion on the particular stock.
The whole economy is a house of cards. Why are you suprised when they all fall down?
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The Almighty
I agree there will be more reason involved for them when buying homes in the future. There will hopefully be a trend towards buying what you can afford in a market like this vs. buying what you think you can afford based on years like 1999.
Economists don't forget investor psychology, they just know that it is nearly impossible to predict. The market goes against human nature, we all know that, but it is still near impossible to predict what will cause a herd mentality turning into a stampede. This sub-prime issue should not have done so... but it did.
Sammy Jankis
Was it me?
Basically, the whole system depends on personal irresponsibility. If people didn't buy what they couldn't afford, a practice long considered to be responsible, the economy would collapse.
No, not a semi-panic... this is pretty much a full blown panic.
There are a LOT of stocks and equity positions that are getting crushed for little apparent reason. Some of it has to do with those individuals/hedge funds/institutions that own the sub prime debt. Many owned the debt with varying degrees of leverage. There is little to no market for the sub prime debt so they are forced to raise cash by selling what they CAN, not necessarily by selling what they WANT. This could be what is hitting your particular stock. Or it just may be the panic of investors as they sell anything and everything because they don't understand what is going on.
If your stock has good fundamentals, then you may want to simply ride out and perhaps even add to the position. Talk with your financial advisor and get their opinion on the particular stock.
Ok, thanks SF.
Oh yeah, there's going to be a big rush on those.
Cancel 2016.2
The Almighty
You are quite welcome.