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Trader's Desk Signals. Our SP Trade going good. - 12/30/08 10:42 PM
We are long one unit February Crude at $42.00 and one at $40.00, we will sell both units at $42.50, I had raised this sell from 42.00 to 42.50 it rallied to 42.18 and reversed. I should not of changed the order and we would be awaiting the next buy. So be it, we will wait for the $42.50 for now.
SPH09 stock index future. We were filled on the $860.00 and missed the $850.00. we will remove buy order for the $850.00 and put in a sell order to close our long position at $910.00
Interest rates, we are waiting an entry to go … (3 comments)
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I am on the ledge and holding your baby, if I don't get money I will jump, said Mr. Banker - 12/28/08 10:50 PM
I commented on Paul Henderson's blog Paul Henderson (RE/MAX Professionals), the other day and Paul thought this was a great answer.
Banking Bailout
"The banking bailout was a basic handout, it doesn't direct the money to help the general welfare. The banks are using it for their own purposes and could give a care about everything else. They kind of said, I am on the ledge and holding your baby, if I don't get money I will jump. Sometimes we feel we should have grabbed the baby and pushed."
It was basic blackmail, give us money or we are all doomed! I am … (10 comments)
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Trader's Desk Signals, Consumer Confidence hits 50+ year low, that's good for Real Estate? - 12/28/08 09:08 PM
Things are getting ready to happen in many markets.
We are long one unit February Crude at $42.00 and one at $40.00, we will sell both units at $42.50, most people believe crude is going a lot lower here. We are long and will exit on a small profit. I am looking to buy it back again soon after this sale.
SPH09 stock index future we are flat and missed the buy at 810, we will now put an order to buy one unit at 860 and one unit at 850.
Interest rates, we are waiting an entry to go short.
Real Estate, my long … (2 comments)
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Woodcliff lake Reservoir Video - 12/27/08 08:31 PM
Woodcliff Lake Reservoir in Northern Bergen County New Jersey. The Train Station Clock, the North Causeway and the Lake. The lake is bordered by Hillsdale, Park Ridge and Woodcliff Lake. See more video's of the lake at Woodcliff Lake Places.
All Nature's beauty, with many faces. Richard View My new homes for sale
View Woodcliff Lake's Glen Estates
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… (4 comments)
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Trader's Desk Signals, Crude on its knees! - 12/19/08 10:40 AM
We are long one unit January Crude at $38.00 and $34.50, we will sell these units January crude at 36.00 and roll to Feburary contract and buy $42.00. We will put an order to buy a second unit Feburary at $40.00. I acturally bought the January crude to close to expiration yesterday.
Still nothing on SPH09 stock index future right now, we missed our buy down at 810 by 2 points, we will have patients and do something later.
Interest rates, still no reason why it can't go lower and as of yet, except it is getting so low.
Real Estate, I sent my … (8 comments)
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Christmas at Our House in Hillsdale Video - 12/18/08 06:41 PM
Our family has a tradition of Christmas decorating, my wife Lisa, spends weeks decorating the house for Christmas. I thought I would share a video I took, while she was setting up. The decorating starts the weekend after Thanksgiving and acturally goes on right up to Christmas Eve. It really gives our family, children, relatives, friends, my wife and myself a very warm experience. Another Holiday tradition we have is going into New York to the Tavern on the Green "Crystal room" in Central Park for dinner, horse carriage rides, if it is not too cold. Then to Rockerfeller Center to … (4 comments)
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Trader's desk Signals, we are buying Crude again at new lows! - 12/18/08 12:19 PM
I added to comments on our last signal that I was looking to buy at $39.00 January 09. I didn't get to write last night so today we are buying $38.00 January future today.
Nothing on SPH09 right now, we missed our buy down at 810 by 2 points, we will have patients and do something later.
I hate when I miss a big move by a few points (over 100 points), but that's the game. I can't jump on and off and change my orders on a blog like this, it would get everyone crazy.
Let's look at the interest rates, … (0 comments)
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Zero Funds rate and buying Agency Paper what dose this mean? - 12/16/08 07:33 PM
The Federal Reserve lowering the Funds rate helps everyone. It lowers many home equity loans and business loans which look at the funds rate to set their index rate. It should also lower home mortgage rates although since the crisis started the yield risk spread, availability and willingness to lend effects the rates too.
Interest rates are coming down. Mortgage rates are coming down for real estate, finally. The Fed buying agency paper from Fannie and Freddie to provide funds to loan for mortgages. Sooner or later it will stick. It takes a bit of time to turn the Queen Mary and … (10 comments)
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Fed must extend mortgage programs to investors and here is why. - 12/16/08 11:13 AM
Rental Shortage needs to be tapped! The real estate market is inside out in many parts of the country. People are leaving their foreclosed homes and need a place to live. Rental rates are raising due to demand. The Treasury and Federal Reserve must set up a Fannie and Freddie package for investors with down payments. This will allow people to use their credit and down payment money to buy these foreclosed homes, get them off the market and make property available to qualified renters.
The credit worthy buyers are not the foreclosed persons. They can only rent now. You need … (2 comments)
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Trader's Desk Signals, we took a nice profit in crude. What's next? - 12/14/08 05:13 PM
Our January Crude long position at $42.00 was sold at $47.50 last week . Close to top tick. That was about a 55% profit on margin in a few days. (I'm polishing an apple). I must check our trqade record for crude since I started blogging it, I think we are up about 5500% on contract margin. I wonder who is even close to this?
Our SPZ08 has not hit, we put it in at $810 for the first unit and other units under that. It missed at about $813.00, and again in the high teens. We will move the order $850.00 … (4 comments)
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Real Estate markets need lots of money, let's set the record straight! - 12/10/08 10:18 PM
I have been reading many different ideas about the problems in our Real Estate markets.
I think it is important for us all to focus on the solution. The market got overheated and out of line by inappropriate use of capital. The capital has been removed, which as you all can see has not only hurt the market but our whole economy.
Let us review these facts:
Overbuilding which was accommodated by unqualified purchasers of homes started the problem. Over pricing, by having too much capital in too many hands which was not normally available caused prices to accelerate and rise … (9 comments)
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I'll be brief and to the point! What are you doing to get ready? - 12/08/08 11:57 PM
This real estate market is waiting for a reason to do something. The reason has arrived in interest rates. Deals are starting in our market and they are all price points. There is a pent up demand and if the financing comes and stays the property is going to sell. We are at a sweet spot where values are coming down to meet the bids. Seasonally we are where sellers give in. If the Fed gives the money Fannie and Freddie to put out at 4.5 % look out. It won't cost the tax payers anything. The Fed can borrow almost … (4 comments)
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Trader's Desk Signals, patience for crude has paid off - 12/05/08 09:02 AM
Our January Crude order to buy at $42.00 has hit. We waited patiently and got our price. Let put a sell order out at $47.50. I think crude volatility is shrinking.
Our SPZ08 has not hit, we put it in at $810 for the first unit and other units under that. It missed at about $813.00. I don't want to chase it either. We will leave the order where we are at $810.00 and the orders for the other units below at $750 and $710, if this is a fifth wave down. I almost want to move my $810 down a … (4 comments)
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Bravo! I think they got the point!! Fund Mortages for Buyers! - 12/04/08 08:53 PM
On Nov 16th I posted a blog If there is a solution, I think this is it, tell me what you think!
The idea was for the Federal Reserve to borrow at a low rate and lend through their mortgage facilities Fannie and Freddie at a low rate and still make a spread, for people to buy houses. It would be no cost to the tax payer but would get our market going.
To make the critical mass and get everything going, it needs to be across the buying chain and to include jumbo mortgages at a bit higher rate.
My … (6 comments)
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Old Tappan Real Estate Market Analysis - 12/03/08 09:39 PM
Old Tappan, Bergen County New Jersey sales analysis shows median price decline in the 12% range from the top year. Average price declines are nominal for NJMLS data of all broker sales and highest ever in 2008 for Bergen County Data of all residential and condominium sales. Old Tappan housing growth has been considerable more expensive houses which have held up the average price category. You may view charts and analysis of Old Tappan real estate sales.
View Old Tappan new homes
View other new homes for sale in Northern Bergen County
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Trader's Desk Signals, Sharp down market may bring rewards! - 12/01/08 08:12 PM
Today's market decline set us up for a buy order series for the SPZ08. Cancel our sell orders from last night and we will buy first unit at 810 second unit at 750 and third unit at 710. Use all markets for orders.
Crude drop as we thought and we will put a far out order at $42.00 to buy one unit January.
Today interest rates are up front. The Bonds as I thought had down side follow thu today for yields. I think that with the mortgage rate volatility today that bond yields have probably bottom for the short term and … (4 comments)
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Richard Stabile Bergen County New Homes Builder Realtor
Woodcliff Lake,
NJ
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REMAX real estate associates
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