on this website? JuiceMan to me from 13 months ago: "I have repeatedly stated that your “theory” of “equilibrium” is an economic impossibility because it is an overwhelming buy signal. With that in mind, it would be impossible for prices to fall that much without investors jumping in at some point during the decline. I’m not exactly sure what that point is, but it is somewhere between 1-16%. Let’s... [more]
on this website?
JuiceMan to me from 13 months ago:
"I have repeatedly stated that your “theory” of “equilibrium” is an economic impossibility because it is an overwhelming buy signal. With that in mind, it would be impossible for prices to fall that much without investors jumping in at some point during the decline. I’m not exactly sure what that point is, but it is somewhere between 1-16%. Let’s pick the midpoint of 8%. And that my friends, is a reasonable estimate for any correction""
http://www.streeteasy.com/nyc/talk/discussion/3365-poll-growing-majority-avoid-buying-homes
And he still won't admit he was wrong.
Anyone else care to take his side?
LICComment from one year ago: "If a person found a place to live it that they really like, and their life situation is right for purchasing, then of course they should buy. dco would have such a person give up a place that they love because of an unsupported view that prices will drop 30% in a year."
"Things are slower now, but that means the market is reverting back to crazy levels from previous ludicrous levels."
http://www.streeteasy.com/nyc/talk/discussion/3661-answer-this-simple-question
Or his?
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Response by JuiceMan
about 17 years ago
Posts: 3578
Member since: Aug 2007
DESPARATION steve!
No need to admit I was wrong on the equilibrium comment, because I still believe that statement 100%. The 8% correction estimate was obviously wrong, but I made it pre-Lehman which changed everything, but still wrong.
steve is still saying that he called all of this even he lost everything in the stock market post Lehman. Confucius he ain't
Ignored comment.
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Response by stevejhx
about 17 years ago
Posts: 12656
Member since: Feb 2008
"steve is still saying that he called all of this even he lost everything in the stock market post Lehman."
I did? Oh. Did I send you copies of my statements. I, like everyone, had significant losses (you can't go from Dow 14,000 to 6,500 & not) but I didn't "lose it all," and I've made a tidy bit back.
Your correction statement was wrong. Thank you for admitting it.
Ignored comment.
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Response by alpine292
about 17 years ago
Posts: 2771
Member since: Jun 2008
I lost absolutely nothing in the stock market becaue I don't own stocks. I own muni bonds, but they are rock solid!
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Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008
"I lost absolutely nothing in the stock market becaue I don't own stocks. I own muni bonds, but they are rock solid!"
Actually, munis took a major hit. You didn't notice the spread going to unprecedented heights?
You clearly don't watch stocks, RE, or bonds. What the hell are you watching? Perhaps you should get a subscription to a magazine or something before you comment more.
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Response by stevejhx
about 17 years ago
Posts: 12656
Member since: Feb 2008
nyc - LMAO!
Juicy: "despEration".
Ignored comment.
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Response by familyguy
about 17 years ago
Posts: 167
Member since: Apr 2009
financeguy has my vote.
Ignored comment.
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Response by ieb
about 17 years ago
Posts: 355
Member since: Apr 2009
money market muni funds like Fidelity never "broke the buck". If your money was there you never lost a dime.
Ignored comment.
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Response by stlblufan
about 17 years ago
Posts: 64
Member since: Mar 2009
nyc--maybe. perhaps alpine is a buy-and-hold investor in muni bonds, in which case the drop in price is really irrelevant. in any case, munis have largely recovered from the market anomalies of late 2008/early 2009.
DESPARATION steve!
No need to admit I was wrong on the equilibrium comment, because I still believe that statement 100%. The 8% correction estimate was obviously wrong, but I made it pre-Lehman which changed everything, but still wrong.
steve is still saying that he called all of this even he lost everything in the stock market post Lehman. Confucius he ain't
"steve is still saying that he called all of this even he lost everything in the stock market post Lehman."
I did? Oh. Did I send you copies of my statements. I, like everyone, had significant losses (you can't go from Dow 14,000 to 6,500 & not) but I didn't "lose it all," and I've made a tidy bit back.
Your correction statement was wrong. Thank you for admitting it.
I lost absolutely nothing in the stock market becaue I don't own stocks. I own muni bonds, but they are rock solid!
"I lost absolutely nothing in the stock market becaue I don't own stocks. I own muni bonds, but they are rock solid!"
Actually, munis took a major hit. You didn't notice the spread going to unprecedented heights?
You clearly don't watch stocks, RE, or bonds. What the hell are you watching? Perhaps you should get a subscription to a magazine or something before you comment more.
nyc - LMAO!
Juicy: "despEration".
financeguy has my vote.
money market muni funds like Fidelity never "broke the buck". If your money was there you never lost a dime.
nyc--maybe. perhaps alpine is a buy-and-hold investor in muni bonds, in which case the drop in price is really irrelevant. in any case, munis have largely recovered from the market anomalies of late 2008/early 2009.