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Oil up $11 today, Dow down 400 Points.

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Kevin Little

Sophomore Member
Joined
May 25, 2004
Professional Status
Certified Residential Appraiser
State
Pennsylvania
I've got an AK-47 with over 1000 rounds of ammo, and 4 cans of refried beans, so I'm not worried...
 

xmtpedprl

Senior Member
Joined
Dec 6, 2005
Professional Status
General Public
State
Florida
Mine is a 74, welded, not riveted.

;^)

Dave...
 

Ray Miller

Elite Member
Joined
Feb 20, 2002
Professional Status
Licensed Appraiser
State
Wisconsin
I wonder what this is gonna do to the real estate market.....

http://biz.yahoo.com/ap/080606/oil_prices.html

Its already doing it to it here. Received orders to day for 10 BPO on that big resort up north. If they keep sending the work, it looks to be maybe 75 units will end up at auction this summer.

People on the north end of the state with second homes are wanting to sell at auction to try and get out from under the property. Several nice properties are for auction.
 

Greg Bell

Senior Member
Joined
Jul 7, 2006
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Louisiana
I've got an AK-47 with over 1000 rounds of ammo, and 4 cans of refried beans, so I'm not worried...
Very wise...you might want to get another 1000 rounds , you never know when Realtors attack :rof:
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
Shows what speculators can do to the oil market.
 

xmtpedprl

Senior Member
Joined
Dec 6, 2005
Professional Status
General Public
State
Florida
No doubt, but by Monday they'll call the same old oil execs into Congress!

Dave...
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
4 cans of refried beans
You got plenty of gas....

Shows what speculators can do to the oil market.
Mark Zandi said as much today. The specultors are fleeing financials and oil is the new "financial" and it is creating a bubble.

No doubt, but by Monday they'll call the same old oil execs into Congress!
No doubt you are right. It is time they started calling Energy hedge fund managers and the very stupid managers of Pension funds, etc. who are driving this speculation.
 

Blueprint

Senior Member
Joined
Aug 25, 2005
Professional Status
Certified Residential Appraiser
State
Oregon
It's all about speculation. There is no logic involved, it's simply perception based on fear. Oil prices went down a few days ago and are now skyrocketing. Kinda sounds like the normal stock market these days.

Buy some popcorn and beer, wine, hard liqueur, whatever you prefer and enjoy the real estate ride that follows.
 

Greg Bell

Senior Member
Joined
Jul 7, 2006
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Louisiana
"Gold is $2,000 ...By tonight that will be cheap"..Rollover , the movie , will show you exactly what will happen when the dollar starts to loose value and the holders of all our debt panic and purchase Gold.When notes are due and the holder of the debt does not Rollover the funds and starts purchasing commodities instead of dollars the banks cannot cover the principle debt and poof goes the dollar.....Quick , by some beans and ammo (No kidding)..PS. The only bad part of the movie is to much face sucking between Jane and Kris , yuck , get on with the conspiracy...
 
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