well here's a bit of great news. We have had a miserable drought of home building but the invisible hand seems to have stepped in and went to work while I was gnashing my teeth. Most homes under construction in 50 years. That should help bring housing prices down a bit and kick the economy when people buy and furnish them.
Seems kind of...late to the party? I assume these are all the typical suburban 1200 sqft per person vinyl-sided castles. Building costs aren't exactly going down lately and rates are going up so unless we get 40 year mortgages I have to wonder if these will actually be profitable builds.
some responders to the tweet suggest it is a data illusion - that the number is high because finishing a house is rare these days because of labor shortages and supply chain woes. And if you look at starts, you don't see as sharp a rise.
But overall, I think Americans are perfectly willing to buy homes. Having more on the market will lower prices. Which is a double edged sword but overall good.
More head winds starting to blow in this morning's futures.
I'm still very heavy in cash, have been for 9-12 months now. Apart from a misguided, knee-jerk purchase of FB the day after dropping 20%, which I corrected later the same day (thanks gente for the sage advice), I've made no trades in many months and I'm standing pat until I can see the horizon more clearly. Storm clouds are getting closer and closer. I've never been as alarmed about global stability as I am now.
many things cause long term underperformance and a big one is 'waiting for clarity.' every time the market falls, it comes back 'too early' for most waiters and then it just gets more and more expensive and the 'waiters' become more and more reluctant to buy in. There never is clarity. And if there is, the market has seen it before you will and the SP500 will rise 10% before you get your buys in.
The joke is there are still people waiting for clarity after the 2009 bear market.
the SP500 will rise 10% before you get your buys in.
I think I've written this before, but I fear a massive loss much more than missing out. That reflects my current life stage, retirement proximity and risk tolerance, and likely doesn't apply to most others on here.
I think I've written this before, but I fear a massive loss much more than missing out. That reflects my current life stage, retirement proximity and risk tolerance, and likely doesn't apply to most others on here.
I’m in your boat, but agip’s logic is sound.
I would ask why you are in the markets at all. If you are conservative and want to buy value, then pick your timeframe, countries, and stocks/funds, and do it as part of a plan.
In my experience, waiting to implement a longer-term conservative plan never works. You have to start on it as soon as the plan takes shape, not when the plan is perfected. You have to weave the plan into the fabric of what is going on, and that takes time and knowledge of the practical functioning of the plan itself, which should be subject to modification as required.
There are absolutely no market moves that you would feel good making at the moment, in any amount? Maybe you should take this time to test some things you are thinking about, with money that will not be “thrown away”.
Of course, your experience could be totally different from mine. Well, not totally...😁
I think I've written this before, but I fear a massive loss much more than missing out. That reflects my current life stage, retirement proximity and risk tolerance, and likely doesn't apply to most others on here.
Maybe you should take this time to test some things you are thinking about, with money that will not be “thrown away”.
Currently weighing options for RE, company equity and retirement timeframe. The cash currently losing value with inflation is lower on my list of priorities, as it has a much smaller effect on net worth and retirement comfort than those other factors.
'Losses at the Fed will almost certainly invite greater scrutiny, particularly of the asset-purchase program. Critics will argue that the central bank’s actions have drifted over the line into fiscal policy.' https://t.co/Hyaql4VCQW
I've been mostly out of everything but a little USO and GAZ for a while now. Took some small positions in MSFT, NVDA, ORCL, C, PLTR right before the close; hopefully they're oversold. Anybody else do some shopping before the close?
Investors need to stop blaming others for their own mistakes. One trick that might help: drafting an explanation of why you failed before your portfolio goes south.
Earnings Scorecard: For Q4 2021 (with 84% of S&P 500 companies reporting actual results), 77% of S&P 500 companies have reported a positive EPS surprise and 78% of S&P 500 companies have reported a positive revenue surprise.
HSGFX up 10.8% on the year. It will be up triple that by year end.
Anybody thinking the market is gonna rise once Russia invades their next country is out of their minds.
Certainly won’t help inflation which is a far greater concern than Ukraine for the average American. I would posit 80% of the population couldn’t find Ukraine on a map, and 50% couldn’t identify the continent.
