Plung protection Teem? or What

[sparrowlink]

I am not a conspiracy buff: But? this afternoon at 2:30 the market went up 90 points in 20 Min. No reason? WHY? CNBC said a Fed Governor said that discounts in the housing prices. May have dropped lower than reported because of Extra give a ways by developers? Discounts & free Granite counter tops? That has been in the press for months. Why would it make the market go up? It should go Down, if anything. Who has the money to move the Market that much and in so short a period of time? as I write this The Dow has Just hit a 6 Year high. What the heck is going on!! Housing is much worst than thought? Do they think the Fed. will not have to raise rates? or What. It has just caused everyone who owns Real Estate loose money. Why is that Good, can anyone tell me?:confused:

[jk]

I am not a conspiracy buff: But? this afternoon at 2:30 the market went up 90 points in 20 Min. No reason? WHY? CNBC said a Fed Governor said that discounts in the housing prices. May have dropped lower than reported because of Extra give a ways by developers? Discounts & free Granite counter tops? That has been in the press for months. Why would it make the market go up?

fed governors have been making anti-inflation noises, saying the economy may be so strong that they'll have to raise rates again. now a governor says the housing market is still tanking. thus, the crowd reasons, the next fed move will be down. remember, the only thing better than good news, is bad news!

[Finster]

I am not a conspiracy buff: But? this afternoon at 2:30 the market went up 90 points in 20 Min. No reason? WHY? CNBC said a Fed Governor said that discounts in the housing prices. May have dropped lower than reported because of Extra give a ways by developers? Discounts & free Granite counter tops? That has been in the press for months. Why would it make the market go up? It should go Down, if anything. Who has the money to move the Market that much and in so short a period of time? as I write this The Dow has Just hit a 6 Year high. What the heck is going on!! Housing is much worst than thought? Do they think the Fed. will not have to raise rates? or What. It has just caused everyone who owns Real Estate loose money. Why is that Good, can anyone tell me?:confused:

The Fed can do little to nothing about the value of real estate. In the end, all it does is change the value of the dollar by printing more or less of it.

A favorite illustration of mine may help. When I bought my last house, I measured its size with a cotton ruler. When I got ready to sell it, I took my cotton ruler and washed and dried it at high heat, and measured it again. Presto! My house had gained 75% more square footage! Applying the exact same logic, I figured my house also must be 75% more valuable and was able to get 75% more dollars for it when I sold!

Now think carefully about this ... if someone stretched my ruler a bit, did my house go down in value? And if I actually lost money, did I do so because I was long housing or short rulers?