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  • LAVA Moderator: Shinji Ikari

the market: stocks, bonds, options, whatever

Right. I highly doubt wages go up enough to close the gap while we have super high immigration right now.

Glad I waited. Saved more money and now we could get a bad recession which will give opportunities to buy property, hopefully.
 
are ppl buying converted apartments that they're calling "condos" again?

that's when you know shits headed south soon...
 
I keep considering selling my house because the price is sky high. But the thing is, I love my house and where I live, and I sure don't want to buy in this market, and I don't want to go back to renting. And my location is extremely prime, in one of the fastest growing and gentrifying areas in the country. It would be swee5t if I timed the market perfectly and sold at the high and then bought something else at the low, but I have a horrible track record with timing markets. And if the market crashes again, I can afford to stay, it's not like I have a variable rate mortgage or something stupid like that.
 
I'm managing Ma's account these days. Pop passed unexpectedly in September, and she's in a memory-care unit.

I've been taking her to cash for a while now, and feel like I want to do more of that. I'll roll the dice a bit with my own money, but not hers. Markets rip down and grind up, and capital preservation in a volatile market and uncertain conditions seems best. Except energy. She'll stay in energy.

Crazy times.
 
But the difference with the housing market between now and 2008 is that back then, the price was being driven by an out of control and unsustainable lending frenzy. Whereas now, it's being driven by very low supply and high demand, like the rest of this period of inflation. People are holding onto their houses so the ones for sale are going for a lot of money. In 2008, when the market crashed, tons of people ended up underwater on variable rate loans and went into foreclosure. I don't get the sense that that is the case this time.
 
Xorkoth said:
But the difference with the housing market between now and 2008 is that back then, the price was being driven by an out of control and unsustainable lending frenzy. Whereas now, it's being driven by very low supply and high demand, like the rest of this period of inflation. People are holding onto their houses so the ones for sale are going for a lot of money. In 2008, when the market crashed, tons of people ended up underwater on variable rate loans and went into foreclosure. I don't get the sense that that is the case this time.
Click to expand...
Yeah, it could turn out to be like the 1970's, then lead up to super high mortgage rates like in the early 80s, while homes increased in value the whole time. Guess we'll see!

Related: Look at Canada up to the 4th quarter 2020
FSG8E5EVIAA18CA
 
In Canada the average person does not have the type of economic opportunities as the average American.

When I worked for a major American lender, I saw a lot of finances and the average salaried professional there enjoys not just higher compensation but also lower CoL.

As a result, in Canada, housing became one of the few ways for average person to aspire to American levels of prosperity. This is partly because you can sell your primary residence here for a tax-free windfall and partly because there's no other asset class for which you can get access to so much leverage as you can when you want to buy a house.
 
I own some of a canadian reit, Flagship Communities. FLGMF.

They bought a bunch of trailer park communities in the U.S. midwest.
 
Wondering if LABU (3x biotech ETF) is about to be like FAS (3x financials ETF) was in March 2009 at ~$2 before it ran +3,000% over the following 10 years.

It's down almost 50% in the last 3 days.
www.barchart.com

LABU Chart Panel for S&P Biotech Bull 3X Direxion ETF - Barchart.com

Customizable interactive chart for S&P Biotech Bull 3X ETF Direxion with latest real-time price quote, charts, latest news, technical analysis and opinions.
www.barchart.com www.barchart.com

This is happening too
FSRaVXBXoAA6cQW
 
I read trailer parks are a good business, sort of a hidden gem money faucet like vending machines used to be.

I hope biotech gets not just decimated but obliterated. At least with nuclear weapons, nobody using them is under the delusion that they can actually play god.
 
It's a stress test or something. It's not a huge loss if cryptos zero out completely. But I also see that as highly unlikely with how the government is handling the runaway economy. HODL my pal.
 
LUNA, holy SHIT. That is wild.

Crypto is a white knuckler in general at the moment. This might be our bear market I kept waiting for.

But holy shit, LUNA. Never seen anything like that before. If it goes down to 50 cents I will probably stick $100 into it just in case it doesn't just complete die forever, because how can I resist that sort of gain for such a small investment?
 
everything im reading is that it was intentional

possibly hedge fund coordinated by shorting the stablecoin ?
 
I've never seen Tether fluctuate more than a tiny fraction.. like I think I've briefly seen it go to 0.92, but then bounce back.

If tether did what UST just did, it would explode the crypto world. But honestly in the chart in the video, the current dip is much smaller than some others. I'm not personally feeling a big alert about USDT. Other than the posibly shady backing with real dollars... if everyone ties to cash out, it's gonna get weird. I don't think that's gonna happen though.

But, I do think this might be a solid sign of another traditional bear cycle. Which I kinda want, even though my portfolio is way the fuck down at the moment. I haven't managed to catch a true bear market yet... I want to be able to buy a whole bunch of good projects at like 90% discount and then catch the next bull cycle in its entirety.

Crypto is the wild west of investments.
 
But man, LUNA... what the fuck? That's insane, never seen anything like that. I just bought $50 worth at 0.50. Cuz if I lose $50, whatever, but that got me 100 LUNA, which was up in the $80 range just a few days ago. Generally there is green proportional to the rapid red, a bounce at least. If it bounces hard, it would be so easy to make SO much money right now. I'm fully willing to gamble $50 on that possibility. Probably gonna put another 50 in, that is the new capital I just put in (I inject new capital on a schedule). But want to see if it goes even lower first.

What a wild day for crypto :boobies::drama:
 
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