stock market

the RE market ALWAYS GOES UP!!! It doesn't matter if people don't have any money!! It is magic!! Promise - Promise - Promise!!!!

lol, China will be sending the bill soon

Well this was set off because the chinese implemented certain "austerity" measures to slow the sizzling economy. Then greenspan comes around and says the US economy might see a slowdown. If the chinese markets really really cool off and trigger a recession then they might be forced to redeem all those IOU treasuries. This will cause the fed to raise rates...and increases in the interest rate will not be nice to real estate.

no... a slowdown in the market would lower rates. people were talking about it today. rates go up when people are worred about inflation. granted this would be good for realestate buyers as rates are lower, but prob not great for the market as a whole as more people would have have less money to spend. oh how i long for the good old 2000-2005 run.. also greenspan is not the fed head anymore, so you are stupid.

No, but ol' Alan did comment on the economy yesterday. Keep up on your current events before you call someone stupid, stupid.

From a wall street trader perspective, I was thrilled. This kind of volatility is what I LIVE for, how I make LOTS of money, and what allows me to buy and live in a killer pad in NYC. These kind of drops hurt flyovers invested in the stock market, but traders (espeially hedge fund traders) LOVE this shit - it's like Christmas and Purim all rolled into one!!

help....does this mean real estate prices will be going down or nothing will change

Nobody has a crystal ball but there are a few things that worry me. The US is now a debtor nation, we're in hock to China & India & I wonder about these billions of dollars per week that Bush is spending in Iraq while he cuts taxes on the wealthy. Osama said that he will bankrupt the US the same way he bankrupted the (now extinct) USSR and the USSR's going into Pakistan WAS the beginning of the end for them. Time will tell.......

The USSR went into Afghanistan,retard. And Russia is now more wealthy than it ever has been due to new oil discoveries. Osama will never bankrupt anything besides his Saudi financers looking for Allah's glory that they will never get.

Last market drop which was right after 9/11 was followed by a huge real estate boom. Investors looking for a safer place to put their money. Slow down in economy means lower interest rates. Lowers interest rate means lower mortgage. I beleive NYC real estate maket will ultimtely be the benefactor. Keep in mind that this could also be a short term correction in a very overheated stock market I would not be surprised if DOW continues to make record highs by year end. Don't worry be Happy!

they will get to bang 50 virgins after their suicide missions though.

my apartment went down 0% today

that's the problem -- we should just spend our billions on sending all of the hookers from AC over to the middle east . . . these are 18 year olds who have never been laid. the suicide bombing fad would dry up faster than the spooge on bambis chin!

short term this is good for the market since the 10 year Treas rallied today an mortgage rates went down. Though if the meltdown continues, we all get Bushed on our bonuses and all real estate goes down due to buyers having less money.

#10, a typing error & I'm a retard. You're a $%/(#@

"Bush is spending in Iraq while he cuts taxes on the wealthy"

Yes I feel very guilty I only pay 40+% of my income in income taxes plus X% in real estate tax, plus X% in sales tax. Then when I die the govt takes half. I really am an awful person just like John Kerry said.

I like that hooker solution. Who cares if she's a virgin if you can get some here & now.

No, a typing error would have been something like "Afganiztan" not "Pakistan".

thanks #19 . . .. there is a difference between being a smart ass and a dumb ass. Commie pinko left wing renter scum.

lol #19.

who dares to buy anything in times like these? I'm buying gold and that's it.

Golds not bad, but you probably can't go wrong with things people can't live with out..phillip morris, coca cola, exxon mobil and probably even GOOGLE too, we can't live without the internet can we?

gold was good a few years ago~not now

best bet is defense industries and in particular Halliburton etc.

actually Kudlow was on TV last night saying that he expects gold to tank; it droppped about $12 an ounce yesterday and he expects (or wants, more likely) a gradual decline of up to $100/ounce

wtf listens to kudlow?

It's encouraging to see that even the mature forum posts within Streeteasy aren't without the usual internet fun and frivolity of name calling, verbal abuse, poor grammar and general chaos and pointlessness. Of which this post just adds to the whole sorry mess.

#20 - It was a right wing, condo owning capitalist that made fun of you.

watching RE people talk about stocks is really funny........Market has been up for 8 straight months. Now it corrects. It could correct more. Ultimatly a big hit to market would be Bad for NYC but probably good for The rest of US housing as Rates go down when stocks get creamed. NYC would be hit by WS losses, however that would assume a protracted decline of 20-30%. FYI When the market declines by more then 3% it is typically up 6-8% 3 months later(80% of the time). In actuality a quick fast hard scarry decline(ala 2001 9/11)is actually bullsih as it cleans out the complacency and weak stock holders.

fyi I have been long Gold since 2000, and it is still agreat long term investement as a hedge against a decline in Dollar. Everyone should have 105 of portfolio in gold/silver

10%=105

#28 -- condo owning capitalist that doesn't know the difference between pakistan and afghanistan? Obama loving civil servant owning in queens most likely.

#28 - i think you've got the two parties mixed up

hahaha - the post above was meant for #32

America is steadily becoming a complete militaristic empire.
Defense stocks will be the only manufacturing base left, along with defense contractor services.
Those are the stocks to buy