12%ayear's Account Talk

[poolman]

Here we go....Amgen to Cut Up to 2,600 Jobs http://biz.yahoo.com/ap/070815/amgen...ring.html?.v=5
Just a start, unless we get some Fed action in the markets. More companies will be cutting back because of less demand for products. Look at Home Depot, they are having a very hard time selling the supply store. They said they will have to cut stock buybacks by 50% if deal falls apart.Also we are not factoring in any terrorist attack or hurricanes. The market is very very fragile and needs a boast of Vitamin C by Uncle Ben

Why should Ben do anything ? I say Fed made policy and Banks and people made there own bed. I cannot stand ignorance. Are people that dumb.

Things look gloomy and doomy for the rest of this week.

Might be a quick trade to the I fund tommorrow. I have to make decision by 7:30 in the a.m. which sxcks.

IMHO there is not any good news that will get this Bull going for forseeable future.

 

[12%ayear]

Why should Ben do anything ? I say Fed made policy and Banks and people made there own bed. I cannot stand ignorance. Are people that dumb.

Things look gloomy and doomy for the rest of this week.

Might be a quick trade to the I fund tommorrow. I have to make decision by 7:30 in the a.m. which sxcks.

IMHO there is not any good news that will get this Bull going for forseeable future.

Because the economy is at risk, I understand that banks and borrowers who bought homes on teasers rates should not be helped. However; when it affects Main St., it will affect everything. Without any help,consumers will stop buying, which by the way is already happening and companies start to layoff. Recession is the bottomline. Also many borrowers with excellent credit are having a hard time closing a deal. Yes, screw the people who bought beyond their means. This will affect you if you install pools. Pools are luxury right? When comsumers have less capital and feel poorer. They will be buying food before pools. It is the opposite of what you are saying Are people that dumb that the Fed should not try to help?

 

[ChemEng]

They will be buying food before pools.

GASP!

 

[12%ayear]

Why should Ben do anything ? I say Fed made policy and Banks and people made there own bed. I cannot stand ignorance. Are people that dumb.

Things look gloomy and doomy for the rest of this week.

Might be a quick trade to the I fund tommorrow. I have to make decision by 7:30 in the a.m. which sxcks.

IMHO there is not any good news that will get this Bull going for forseeable future.

This hurts you because the last thing people want is a pool in this market. It takes longer to sell a home with a pool, right? The lower the rates, the better for your business..right?
Add A Pool, Lower Your Home’s Value

Kevin Boer, Realtor, Alain Pinel Realtors
July 14th, 2007 · 6 Comments

A recent thread over at Trulia Voices* pondered the question of the ROI of adding a pool to a property. The answer will almost certainly vary depending on geography and price point, but here in the Menlo Park / Palo Alto / Los Altos area and surroundings, a pool is usually a negative ROI investment.
Easily 70% of my buy-side clients, and 90% of my buy-side clients with kids, are very clear that they want a home without a pool. There appear to be several reasons:

1. Safety: Parents in this area tend to be hyper-protective of their kids, and even with an elaborate fence around the pool, parents just don’t feel comfortable.
2. Cost: It costs easily $200/month or more to maintain a pool if you consider all the expenses, including putting aside a reserve each month to cover large periodic expenses. Most home buyers, especially first-timers, are stretched to the limit financially simply with the purchase of the home, and the last thing they want is another expense, especially a non-tax-deductible one.
3. Space: With the common 5000-6000 sq foot lots around here, a pool simply eats up too much of the yard. Los Altos tends to have much larger lots, so it’s not as much of an issue there.
4. Weather: Silicon Valley’s mid-Peninsula tends to have relatively mild summers. Sure, we get 90 degree days, but we certainly don’t get many 100+ degree days as do our friends only 20-30 miles further inland. And while our winters are also relatively mild, there are easily 6 months per year when an unheated outdoor pool is simply too cold to enjoy.

In our still-hot market, the key to maximizing sales price is to attract the largest number of buyers, and pools quite simply scare away a large number of buyers.
Having said that, if you’re considering building a pool in this area, will be living in your home for a number of years, and will enjoy having a pool, then by all means go ahead and do so. Just don’t build a pool as a way of necessarily increasing its value.
——

 

[jayhawker]

My pool is bought and paid for.

(I got it at Walmart for $29.95!)

 

[12%ayear]

http://www.canada.com/nationalpost/...=dbf26dfc-3cfc-4ed3-a463-9ec2f9718f8c&k=55524

 

[poolman]

Because the economy is at risk, I understand that banks and borrowers who bought homes on teasers rates should not be helped. However; when it affects Main St., it will affect everything. Without any help,consumers will stop buying, which by the way is already happening and companies start to layoff. Recession is the bottomline. Also many borrowers with excellent credit are having a hard time closing a deal. Yes, screw the people who bought beyond their means. This will affect you if you install pools. Pools are luxury right? When comsumers have less capital and feel pooer. They will be buying food before pools. It is the opposite of what you are saying Are people that dumb that the Fed should not try to help?

Honestly, I have not noticed anything on a personal or pool service level that even relates to the stock market problems as of now. I don't install pools, I service them. Pumps, Filter, Heaters, Chlorine Feeders, some renovation, liners, openings, closings etc... Heck gas pump prices have dropped .30 cents a gallon in a hundred mile radius.

On other sites that don't relate to finance that I belong to. Stock market is not even talked about yet.

The Burn is not there yet. I want to feel the Burn.

It will come and it will be severe. :worried:

 

[12%ayear]

Honestly, I have not noticed anything on a personal or pool service level that even relates to the stock market problems as of now. I don't install pools, I service them. Pumps, Filter, Heaters, Chlorine Feeders, some renovation, liners, openings, closings etc... Heck gas pump prices have dropped .30 cents a gallon in a hundred mile radius.

On other sites that don't relate to finance that I belong to. Stock market is not even talked about yet.

The Burn is not there yet. I want to feel the Burn.

It will come and it will be severe. :worried:

Why do you thing oil prices have dropped? because less transportation is needed and a built up of inventory. slowing economy is measured by gas prices dropping Oil Falls Most in 7 Months on Concern U.S. Economy Will Slow....http://www.bloomberg.com/apps/news?pid=20601087&sid=aIrwRn9pHDHk&refer=home

 

[poolman]

Why do you thing oil prices have dropped? because less transportation is needed and a built up of inventory. slowing economy is measured by gas prices dropping

Wall street as you know doesn't play games. We are in flush mode. Stock market will bottom out before all the bad news is out.

Be as nimble and quick as your lifestyle permits, and please be careful. I hear you 12%.

I've been in this for 21 years. I'm a stockaholic, and pxssed when I can't be watching what is going on.

 

[350zCommTech]

Why should Ben do anything ? I say Fed made policy and Banks and people made there own bed. I cannot stand ignorance. Are people that dumb.

Dumb? No.

Greedy, liars, thieves, (whore-off their the daughter for a bail-out) bastards? YES!

Ben should hike by .25 and watch them go bankrupt and die. Remember their $40M bonuses? Well, we now know how they got them.

 

[350zCommTech]

Like I mentioned in my talk thread. No Fed cut this week or next week.

Poole Says No Subprime Impact Yet on `Real Economy' (Update1)

By Anthony Massucci and Kathleen Hays

Aug. 15 (Bloomberg) -- Federal Reserve Bank of St. Louis President William Poole said there's no sign that the subprime- mortgage rout is harming the broader economy and suggested an interest-rate cut isn't yet needed.
``It's premature to say that this upset in the market is changing the course of the economy in any fundamental way,'' he said in an interview in the bank's boardroom. ``Obviously, there could be an impact, but we have to rely on some real evidence.''
Barring a ``calamity,'' there's no need to consider an emergency rate cut, Poole said. His comments were the first by a Fed official since the U.S. central bank joined counterparts in Europe and Asia to inject emergency funds after a surge in money- market rates. The Fed has added $71 billion of reserves in the past five trading days.
http://www.bloomberg.com/apps/news?pid=20601087&sid=akAtzD02rnlg&refer=home

 

[Birchtree]

Whew, I'm sure glad he's my butt buddy.

 

[poolman]

Like I mentioned in my talk thread. No Fed cut this week or next week.

350 pool customer accounts (Gold Card Customers. Openings and Closings, Yes).

So far no mention of economy much less stock market. Only mention has been nice to see gas prices going down.

Full blown closings start in 2 1/2 weeks. I'll will know more then.

Agreed. Ben raise the rates 1/4 percent.

This should be flushed soon.

 

[350zCommTech]

Whew, I'm sure glad he's my butt buddy.

Who's your butt buddy? Larry Kudlow?:laugh:

 

[poolman]

Who's your butt buddy? Larry Kudlow?:laugh:

Jim Cramer....

 

[350zCommTech]

Jim Cramer....

Or both!!!:laugh::nuts:

 

[12%ayear]

Wall street as you know doesn't play games. We are in flush mode. Stock market will bottom out before all the bad news is out.

Be as nimble and quick as your lifestyle permits, and please be careful. I hear you 12%.

I've been in this for 21 years. I'm a stockaholic, and pxssed when I can't be watching what is going on.

I worked for Fidelity 1987 and been trading since 1985.

 

[Birchtree]

Actually it was the S&P 500 notching 20% - plus gains for five consecutive years in the 1990s. I do like Elaine Garzarellie though.

 

[nnuut]

Oh, don't get use to gas prices dropping. It's going to catch up with us soon, already started. Click on Oil Slick Stuff and catch the trend turn around.
View attachment 1897

 

[12%ayear]

Oh, don't get use to gas prices dropping. It's going to catch up with us soon, already started. Click on Oil Slick Stuff and catch the trend turn around.
View attachment 1897

lol