What Direction will Stocks, Oil, and Housing Prices Go?

[Joe Flacco]

Do you do much new construction, mainstream builders? Or talk to the sales reps on site for the "good stocks" Dr Horton, Toll, Lennar, etc? Virtually no walk in traffic the last 3-4 months. 90% of sales, per a Pulte rep, are out of State buyers and most are cash. No or very few locals here are buying or even looking at current price ranges. Sales reps are getting downsized and combining subdivisions...yet the builders continued to buy land at sky high prices until recently thinking the party would last forever. We'll see in 6 months or so when the last stuff that went under contract when there was still high demand is built out. Ive seen this story before.

If you buy when the news is good and sell when the news is bad then you buy tops and sell bottoms. Just the facts.

 

[djd09]

COMING SOON: With The Click Of A Button You Too Can Be As Rich As Pelosi!​

Talk about a one-stop-shop…


It seems that Nancy Pelosi is the greatest stock picker in history, even beating out Warren Buffett. I wonder how she has managed this?


Facetiousness aside, we have seen Twitter accounts that track Pelosi’s trades and while these are nice, we still have to monitor the account and physically make the individual trades.


Who wants to do that? I don’t want to do that…

Trending: Major U.S. Retailers Cancel BILLIONS in Orders – What do They Know?


I want to be able to press one button and forget about it—we are living in 2022.


Well, my friends that fantasy may soon be a reality with the advent of NANC ETF—an exchange-traded fund that mirrors all of her trades.


Let’s hope they don’t shut this idea down before it’s even out of the gate.

COMING SOON: With The Click Of A Button You Too Can Be As Rich As Pelosi!

A new exchange-traded fund would mirror all of Nancy Pelosi's stock trades in a concise and neatly organized package.

welovetrump.com

 

[Terrel L. Shields]

I am betting the recession won't be a deep V shaped recession and recovery rather a moderately shallow recession with nagging high prices for food and energy, probably some future brown outs being more common and lasting at least 2 years perhaps as much as 10. Lack of fertilizer will reduce food output and we may see the rise of civil unrest worldwide.

 

[Terrel L. Shields]

I knew a guy into furniture for years before the plant shut down. It was an excellent barometer on the economy. Things good, work over time. Things bad, then the plant ran 4 days a week.

 

[KYLECODY]

If you buy when the news is good and sell when the news is bad then you buy tops and sell bottoms. Just the facts.

Agreed on that.

You were talking specifically about the home builders, saying its been a nice breakout based on a 20 year, extended chart and a good buy at $50. All other indicators show the housing stocks should be in trouble for several years until rates subside, whatever damage is done in the RE market plays out and a new cycle begins. Talk to the reps in the sales offices if you do new construction, the outlook is bleak going forward. Their party is over for now. We're at the end of this economic/housing cycle. Until then someone can dip in and out as short term charts allow but the potential for a significant % decrease is way greater than an increase for several years. The rates are intended to slow growth and the economy to curb inflation. Rate hikes are doing a nice job with both stocks and RE so far. We can't have it both ways imho.

 

[Terrel L. Shields]

FED hikes three-quarters and the stock market tanks once again. 522 points down NASDAQ over 200 down. When is Wall Street going to realize Powell is going all out Volcker - and has to largely due to excessive spending by Feckless Leader.

Dow closes 500 points lower after the Fed delivers another aggressive rate hike

Stocks fell in volatile trading Wednesday after the Federal Reserve raised rates by 75 basis points and forecast more sizable rate hikes ahead

www.cnbc.com

 

[Terrel L. Shields]

Chinese demand is down. Biden is anti-supply. Drilling rigs are basically flat of late.

 

[TerryRohrer]

30-yr fixed - 6.941% - 700-719 Credit score

 

[Terrel L. Shields]

 

[djd09]

BIDEN ECONOMY: Jobs Are Next – Jerome Powell Warns Unemployment Will Rise with Rising Rates​

BIDEN ECONOMY: Jobs Are Next - Jerome Powell Warns Unemployment Will Rise with Rising Rates

Jerome Powell shared today that the Fed hikes are necessary to curb the 40-year high inflation of the Biden economy but jobs may be lost in the process. Today Jerome Powell shared that the Fed’s work to reduce the massive Biden inflation will result in job losses. Speaking after the Fed issued...

www.thegatewaypundit.com

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