In our last update I said," Lets buy March crude at $39.00 for one unit for now. I missed selling short the $50 handles on Feb crude, I guess I got lazy and didn't go for it." Well believe it we missed the buy by .10cents it hit $39.10 yesterday and turned up. That's the price of playing in the big leages. So we are sitting the bench on oil for now. If you hadn't looked oil March contract hit in the mid 40's today.
SPH09 stock index future. We said last update,"Let's put an order to buy for one unit ESH09 at $835 and a second at $800." So, we bought $835 and $800 today it hit in the 840's.
We will sell one at $860 and the other at $880.
In the last update, we were short one TYH09 at 126'15, for now let's put an order to cover at 124 even. It is trading in the mid 124's as I write.
We will leave our cover order at the 124 even.
Real Estate Markets, there are more scary reports for real estate. Today I heard it will be 10 years for the money the government was putting in, to take affect. This is a typical talk at a bottoms. I read reports that buyers are out and buying homes in the most percentage declined markets. If money keeps coming in by the Fed. in the right places, mortgages, homes will sell, then we will build out of this decline and clear out inventory.
Deals are happening, but I think it could get real busy if money shows up. Hopefully soon!
Bergen County real estate needs jumbo loans. The Savings and loans have been filling that bill. Thank God everyone didn't nmarch to the same drum.
The Government needs to work the incentive side of the board. People love incentives.
Richard
View my new homes for sale
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