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House prices to drop much lower: Greenspan
Reuters ^ | September 21, 2007

Posted on 09/21/2007 5:28:58 PM PDT by GodGunsGuts

click here to read article


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To: GodGunsGuts
Especially in a “bear” market!

Actually we are in the middle of an epic beer market according to hydroshock. Had the best one week gain all year.

41 posted on 09/21/2007 6:35:30 PM PDT by Always Right
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To: Always Right

Your one week fed-induced gain is not unlike the firebombing of Dresdon. At first everybody comes out to fight fires and to help rebuild. But over time, less and less people come out after each bombing.


42 posted on 09/21/2007 6:41:51 PM PDT by GodGunsGuts
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To: GodGunsGuts

Wait for your bear market. I see a market going to 15,000 by years end.


43 posted on 09/21/2007 6:44:54 PM PDT by Always Right
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To: Always Right

You might want to change your screen name. You’re going to look oftly silly after this whole thing plays out.


44 posted on 09/21/2007 6:47:11 PM PDT by GodGunsGuts
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To: Always Right

PS http://www.freerepublic.com/focus/f-news/1899312/posts


45 posted on 09/21/2007 6:48:30 PM PDT by GodGunsGuts
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To: Dubya
I like your idea, however I would have chosen "DORK" instead.
46 posted on 09/21/2007 6:52:13 PM PDT by Falcon4.0
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To: GodGunsGuts

Pls put it up so the rest of us can read. TNX


47 posted on 09/21/2007 6:52:51 PM PDT by Grams A
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To: GodGunsGuts

Pretty soon the Kumbaya crowd will show up and accuse us of being stupid because we might believe Mr. Green Jeans, when obviously, he don’t know what the hell he talking about.

So there you have it. If we listen to him, we’re stupid.
If we don’t listen to him, we’re stupid.

I guess we’re just stupid!


48 posted on 09/21/2007 6:54:42 PM PDT by djf (Send Fred some bread! Not a whole loaf, a slice or two will do!)
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To: GodGunsGuts

There is always some expert out there preaching doom and gloom. I have seen hundreds and have yet to see one that has been right. Maybe one day but I am not holding my breath living scared.


49 posted on 09/21/2007 6:54:59 PM PDT by Always Right
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To: Falcon4.0
Both fall short of adequately describing the true nature of his perfidy. But dork doesn’t even remotely encapsulate what he did. Dork eliminates his culpability. Which, of course, is the furthest thing from the truth...especially given his recent career choice. He knows what’s coming. I would say better late than never, but he knew what his policies would mean all along.
50 posted on 09/21/2007 6:56:46 PM PDT by GodGunsGuts
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To: djf

LOL. If they do call us stupid for believing him it is because he’s finally beginning to tell the truth. They don’t like our message because it means the light of truth will invade their sub-terrestrial dwellings. And if they insist on issuing their stupid mantras, even in the face of overwhelming evidence to the contrary, I say fry them all.


51 posted on 09/21/2007 7:01:27 PM PDT by GodGunsGuts
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To: Always Right

I’m not going to argue with you. If you refuse to look at what is right before your very eyes, then you deserve what’s coming to you.


52 posted on 09/21/2007 7:03:13 PM PDT by GodGunsGuts
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To: GodGunsGuts

What’s your prediction, a 10,000 or 12,000 DOW? Come back in three months and see who’s closer. I am betting I will be closer.


53 posted on 09/21/2007 7:08:24 PM PDT by Always Right
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To: GodGunsGuts

Put him and Jimmah Carter on an isolated island somewhere.


54 posted on 09/21/2007 7:11:11 PM PDT by moonman
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To: Always Right

I don’t care what the DOW does. It’s built on a mountain of debt that will inevitably come crashing down. Read the article.


55 posted on 09/21/2007 7:15:27 PM PDT by GodGunsGuts
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To: Kimmers

“Wonderful, anyone want to buy a home just outside of Indianapolis.....I am selling mine....”

You can trade it for a house in Detroit, maybe:
http://www.detnews.com/apps/pbcs.dll/article?AID=/20070918/BIZ03/709180393/1001/BIZ
House prices tumble 18%

Glut, foreclosures push Metro values down from ‘04 peak

Nathan Hurst / The Detroit News


56 posted on 09/21/2007 7:16:53 PM PDT by Blue_Ridge_Mtn_Geek
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To: GodGunsGuts

Years ago I worried about friends who didn’t handle their money well. I worried because they wanted to take vacations and wear $700 suits but they didn’t save and weren’t looking to buy their own home.

Then I realized, it was their preference. And the more people who were like them, the easier it would be for me as a landlord.

Of course now, in D.C., our legislators are putting together a package to bail out these folks. *Our* tax dollars will be used to pay *their* mortgages. hmmm...I wonder who the smart people really are.


57 posted on 09/21/2007 7:18:56 PM PDT by ladyjane
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To: Always Right

I hate dollar cost averaging into record market levels, give me the bear. As for Greenspan, one word, FORMER. As for housing market, yes some houses are overpriced, but in the long term, most aren’t going to get cheaper.


58 posted on 09/21/2007 7:21:29 PM PDT by Son House ($$Proud Memeber of Vast Right Wing, Out To Lower Your Tax Rates For More Opportunities.$$)
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To: GodGunsGuts

I read the article and hundreds of others just like it. Not impressed. You called me wrong and told me how I would look silly, but are afraid to make a prediction of your own. Figures, because I don’t think I would be the one who looked silly.


59 posted on 09/21/2007 7:21:30 PM PDT by Always Right
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To: Always Right

I don’t make predictions about the DOW cause I’m not into short-selling anymore. If you want me to make predictions about market sectors that will appreciate, I’m all yours.


60 posted on 09/21/2007 7:23:39 PM PDT by GodGunsGuts
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