Comments on: Some Futures need throwing away… http://www.nakedcapitalism.com/2008/08/some-futures-need-throwing-away.html Mon, 23 Nov 2009 06:07:28 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Jim Fitch http://www.nakedcapitalism.com/2008/08/some-futures-need-throwing-away.html#comment-12548 Jim Fitch Tue, 05 Aug 2008 04:11:00 +0000 http://www.nakedcapitalism.com/2008/08/some-futures-need-throwing-away/#comment-12548 Ilargi - Thanks for the heads-up. I hadn't gotten around to AE when I wrote the blog - although I do read AE daily. Ilargi – Thanks for the heads-up. I hadn’t gotten around to AE when I wrote the blog – although I do read AE daily.

]]> By: Ilargi http://www.nakedcapitalism.com/2008/08/some-futures-need-throwing-away.html#comment-12545 Ilargi Tue, 05 Aug 2008 00:52:00 +0000 http://www.nakedcapitalism.com/2008/08/some-futures-need-throwing-away/#comment-12545 Jim.<br/><br/>For accuracy purposes: The 33% peak to trough isn't Whitney's prediction, it's from Case/Shiller. And the S&P forecast of an additional 17% drop in the next 8 months doesn't apply to the US, but to the UK.<br/><br/>I delved a bit deeper into the topic today at <a HREF="http://theautomaticearth.blogspot.com" REL="nofollow">The Automatic Earth</a>. Jim.

For accuracy purposes: The 33% peak to trough isn't Whitney's prediction, it's from Case/Shiller. And the S&P forecast of an additional 17% drop in the next 8 months doesn't apply to the US, but to the UK.

I delved a bit deeper into the topic today at The Automatic Earth.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/08/some-futures-need-throwing-away.html#comment-12542 Anonymous Tue, 05 Aug 2008 00:34:00 +0000 http://www.nakedcapitalism.com/2008/08/some-futures-need-throwing-away/#comment-12542 Attention, Merrill Shareholders: Be On The Lookout For Profitability Between Now And Whenever<br/><br/>>> See Video Clip>>>Bartiromo: When you say you'll be back to profitability, when is that?<br/><br/>Thain: Well, we don't project, and we don't give guidance. But shortly. Shortly.<br/><br/>Bartiromo: Okay. 2008? Or...no guidance?<br/><br/>Thain: No guidance<br/><br/>http://dealbreaker.com/2008/08/attention_merrill_shareholders.php Attention, Merrill Shareholders: Be On The Lookout For Profitability Between Now And Whenever

>> See Video Clip>>>Bartiromo: When you say you'll be back to profitability, when is that?

Thain: Well, we don't project, and we don't give guidance. But shortly. Shortly.

Bartiromo: Okay. 2008? Or…no guidance?

Thain: No guidance

http://dealbreaker.com/2008/08/attention_merrill_shareholders.php

]]> By: Anonymous http://www.nakedcapitalism.com/2008/08/some-futures-need-throwing-away.html#comment-12521 Anonymous Mon, 04 Aug 2008 22:17:00 +0000 http://www.nakedcapitalism.com/2008/08/some-futures-need-throwing-away/#comment-12521 I'd just like to say that my neighbor, who bought his home in October 2003, then put it up for sale in July 2005, was asking $899,000 for it.<br/>He paid about $660,000 for it.<br/><br/>It just sold, 3 years after he put it up for sale, at $739,000. He put nothing into it except new wood floors and taking out the old carpet.<br/><br/>Someone, somewhere, still has money to spend and this is in Phoenix Arizona, not Paradise Valley or Scottsdale but regular 85018 Phoenix.<br/><br/>I hope that whoever paid $739,000 for the house next door doesn't expect me to start lining my driveway with gold bricks or having Jose come in on a daily basis to water the flowers.<br/><br/>Disclosure: I bought the house back in 1996 for $202,000. <br/><br/>Nuts! I’d just like to say that my neighbor, who bought his home in October 2003, then put it up for sale in July 2005, was asking $899,000 for it.
He paid about $660,000 for it.

It just sold, 3 years after he put it up for sale, at $739,000. He put nothing into it except new wood floors and taking out the old carpet.

Someone, somewhere, still has money to spend and this is in Phoenix Arizona, not Paradise Valley or Scottsdale but regular 85018 Phoenix.

I hope that whoever paid $739,000 for the house next door doesn’t expect me to start lining my driveway with gold bricks or having Jose come in on a daily basis to water the flowers.

Disclosure: I bought the house back in 1996 for $202,000.

Nuts!

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