Opportunities do exist, even in this environment.
Click download link to listen on this device: Download Show
Why just complain. It is much better to make money. Don’t you think?
You and I, A Listener, are coming from exactly the same space. Why do you think that Cory and I to the discussion in that direction.
Enough depression and gloom and doom. It does no one any good at all!
Yes, agreed, I’m keenly interested on finding those bright spots as well, because there is always opportunity in the marketplace, and Mr. T always has some interesting companies or sectors to consider.
I’ve got cash on the sidelines to buy RUSL when the chart looks right. Made 18 and 10% this year on it. I also have some cash sidelined for SPXS for when the market looks like it is going to go belly up. These leveraged funds are not as much fun as the marijuana stocks but I ain’t complaining.
Have any of the “pot stocks” made anyone any serious money?
I just started a short position on another energy stock and this AM i am ahead 4% / i put in a limit sell trying to make 10% . I will go long energy stocks at some point but i want to see a test of 43 per barrel first . It could drop as low as 40 before a slow recovery in oil price begins. Green River Hunter has a preferred i like but its very risky and i am a loser as of today. Waste Water disposal in Penn for fraking. Company built on debt , but profits are very high and company is wxpanding ami9c large demand for this service . best to all S
And, best to you Scott!
Good thoughts on Oil Russell Scott Hamilton. I would not be surprised to see oil retest $43 or get down to $40 and was saying that when Oil was back at $62 and people were pounding the table that it was going back above $70 towards $80. I remember mentioning several times that it was very likely Oil would bottom in the $38-$42 area before it finally starts the long climb back up, and that the move out of $43 was just a counter-trend rally that would suck back in the longs prematurely. If the dollar does make a run above 98 towards the March high at 100.3, (or especially if the USD breaks above that level) then that will likely synch up with the bottom in most commodities – including oil.
If oil starts to move up I may grab some UGAZ since I am a mega bag holder on UWTI. Did this once when I jumped ship from DUST to JDST. Flipped JDST twice before I was finally able to pull a small profit out of DUST.
Here is an interesting story Chris that is related to your comments about renting. Over in England they are predicting an entire generation of people who will never afford a home until very late in life.
They call them “generation rent” and this phenomenon may not be so unlike what is also underway in the States. We have already seen a huge shift out of private home ownership since the housing bust and that created the opportunity for millions of foreclosed homes to be turned into rentals.
So will REITS have an even bigger future yet?
Most 20 to 39-year-olds will be in private rented homes by 2025, warns PwC — Telegraph
http://www.telegraph.co.uk/finance/economics/11754122/Most-20-to-39-year-olds-will-be-in-private-rented-homes-by-2025-warns-PwC.html
I THOUGHT you did not like real estate…………………
Sorry Frank? No idea what you are talking about. It’s my favourite topic after gold.
Regarding your comments on renters, A Listener, I have to agree with you.
Yes, A Listener – 60% living in rented houses by 2025 which only means higher rents and further grief.
Amazing how the balance shifted. From the majority (above 50%) freehold ownership rates to the majority living as indentured rent serfs. Maybe the rentier-landlord class has come of age again just as it was in the days prior to the Irish potato famine where lands and wealth had accumulated into the hands of a tiniest minority while vast numbers of disenfranchised labourers could be displaced by the multitudes at the stroke of a pen.
Interesting point, A Listener!
Thanks Al…that was my crazy comment for the day!
Talk about grief Reverend, we finally got our renter evicted after loosing four and a half months rent and paying our attorney about $3700.
Whatever happened to “character”?
It sounds like you had quite the character as the renter Big Al. Sorry you went through that, but it sounds like you have turned the corner and can find a better tenant moving forward. Best to you sir.
We just got our 1086 on gold once more. We may be lining up and primed for a Monday bounce.
Gary certainly thinks so!
The hourly chart looks good but when I glance over to the daily I begin to have a few doubts because it does not have a stable look to it yet.
I agree A Listener. It is likely we’ll get the bounce tomorrow (Friday) afternoon, or Monday. We just hit a new low of $1078 a few hours ago in Gold, but that may have been it. The pre-markets and beginning of Friday will tell the tale…..
A friend of mine owns 6, 8-10 bedroom houses on lower mainland B.C.
He is and has been at 100% occupancy for years.
Doesn’t advertise a vacancy, word of mouth has them rented immediately should anyone move out.
PMs don’t sound too promising when the discussion moves to “Opportunities do exist, even in this environment”.
there must be a lot of bars within walking distance………………
Vancouver has had a tight rental market for years and years, Frank. Especially in certain desirable areas of the city. And rents are high but vacancies are low. Its a good business if you got into it before land prices went mental. It is a fantastic business if you picked up cheap land a few decades back.
Your comment made me think about how long ago did he buy his first property.
I think it was about 30 years ago, good grief, seems like yesterday.
Of course, I would agree with you, heathen.
Big Al – enjoy your trip to South Jababa…..
Good stuff Chris. I appreciate your positive nature. I hear so much gloom day after day its easy to forget that there are still bright spots out there if we are looking for them.