The Federal Reserve lowering the Funds rate helps everyone. It lowers many home equity loans and business loans which look at the funds rate to set their index rate. It should also lower home mortgage rates although since the crisis started the yield risk spread, availability and willingness to l
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12/16/2008
Rental Shortage needs to be tapped! The real estate market is inside out in many parts of the country. People are leaving their foreclosed homes and need a place to live. Rental rates are raising due to demand. The Treasury and Federal Reserve must set up a Fannie and Freddie package for investor
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12/16/2008
Our January Crude long position at $42.00 was sold at $47.50 last week . Close to top tick. That was about a 55% profit on margin in a few days. (I'm polishing an apple). I must check our trqade record for crude since I started blogging it, I think we are up about 5500% on contract margin. I wond
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12/14/2008
I have been reading many different ideas about the problems in our Real Estate markets. I think it is important for us all to focus on the solution. The market got overheated and out of line by inappropriate use of capital. The capital has been removed, which as you all can see has not only hurt
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12/10/2008
This real estate market is waiting for a reason to do something. The reason has arrived in interest rates. Deals are starting in our market and they are all price points. There is a pent up demand and if the financing comes and stays the property is going to sell. We are at a sweet spot where val
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12/08/2008
Our January Crude order to buy at $42.00 has hit. We waited patiently and got our price. Let put a sell order out at $47.50. I think crude volatility is shrinking. Our SPZ08 has not hit, we put it in at $810 for the first unit and other units under that. It missed at about $813.00. I don't want t
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12/05/2008
On Nov 16th I posted a blog If there is a solution, I think this is it, tell me what you think! The idea was for the Federal Reserve to borrow at a low rate and lend through their mortgage facilities Fannie and Freddie at a low rate and still make a spread, for people to buy houses. It would be n
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12/04/2008
Old Tappan, Bergen County New Jersey sales analysis shows median price decline in the 12% range from the top year. Average price declines are nominal for NJMLS data of all broker sales and highest ever in 2008 for Bergen County Data of all residential and condominium sales. Old Tappan housing gr
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12/03/2008
Today's market decline set us up for a buy order series for the SPZ08. Cancel our sell orders from last night and we will buy first unit at 810 second unit at 750 and third unit at 710. Use all markets for orders. Crude drop as we thought and we will put a far out order at $42.00 to buy one unit
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12/01/2008
Last week the last unit of SPZ08 sold at 880 and now we are flat. We did good on the other unit from 750 buy to 850 sell as well . We also closed our $50.00 Crude oil long position at $55.00. We will look to sellshort the SPZ08 first unit at 950 and the second unit at 1000 and the third unit at 1
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11/30/2008
