37% of large metros now overvalued

From HousingWire:

CoreLogic: Home prices jump 7% annually in November

CoreLogic’s HPI showed home prices increased 7% from November 2016 to November 2017 and jumped 1% from October to November.

But these home price increases are expected to slow into 2018 as the CoreLogic HPI Forecast shows home prices will increase by just 4.2% from November 2017 to November 2018. Monthly, home prices are predicted to increase 0.4% from November to December.

The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

“Rising home prices is good news for home sellers, but adds to the challenges that home buyers face,” CoreLogic Chief Economist Frank Nothaft said. “Growing numbers of first-time buyers find limited for-sale inventory for lower-priced homes, leading to both higher rates of price growth for ‘starter’ homes and further erosion of affordability.”

CoreLogic’s Market Condition Indicators showed 37% of the largest 100 metropolitan areas in the U.S. are now overvalued in terms of housing stock.

“Without a significant surge in new building and affordable housing stock, the relatively high level of growth in home prices of recent years will continue in most markets,” CoreLogic President and CEO Frank Martell said. “Although policymakers are increasingly looking for ways to address the lack of affordable housing, much more needs to be done soon to see a significant improvement over the medium term.”

This entry was posted in Economics, Housing Bubble, Housing Recovery, National Real Estate. Bookmark the permalink.

167 Responses to 37% of large metros now overvalued

  1. grim says:

    Quiet snow day? Everyone sleeping in?

  2. Hold my beer says:

    Maybe they are checking lightbulb specs.

    I just ordered a pack of 3500k led from Amazon. One of my kids thinks the 2700 are too yellow and the 5000 are to bright for his room.

  3. Fast Eddie says:

    Quiet snow day? Everyone sleeping in?

    Logged on and started working at 6:30 AM. Only the layabouts sleep in, the rest of us keep things moving.

  4. Fast Eddie says:

    Fabius,

    Keep posting things that fit your narrative. The media cunts have an endless plethora of bullsh1t to appease the sensitivities of like-minded zombies. “Whoa is me” is the forever campaign promise of the warped and mentally diseased progressives. Keep looking for the entrance while the world passes you by. We desperately needed an ultra dick alpha attitude after eight years of that p.ussy who was too willing to throw the productive class under a train.

  5. Yo! says:

    “Rising home prices is good news for home sellers”

    Wow these chief economists keep coming up with brilliant discoveries.

  6. Sima says:

    Looks like northern NJ pharma/medical companies are open.
    Contract workers are all at the companies working, and full-time employees all home.

  7. The Great Pumpkin says:

    Bombogenesis baby! (Pumps think this means his Dad is stepping out on his Mom again, aka burying his bone down the road)

  8. 3b says:

    My office is dead. I am here. Too ingrained. Back in the day when I was on the trading floor you got your butt in!! Snow my arse!!

  9. The Great Pumpkin says:

    Personally, I think they are underestimating their forecast. With a combination of a tight housing supply, tight labor market, and a strong economy about to be fed jet fuel (tax cut), who knows where this will go. Lots of money being made from cryptos to pot stocks, some people have money to spend and I imagine the housing market will see some of this capital.

  10. The Original NJ ExPat says:

    That was me 20 years ago. I was going to bank my $110/hour even if I just answered the phone all day answering the same question, “Is anyone there today? Did (my boss) make it in?”

    Looks like northern NJ pharma/medical companies are open.
    Contract workers are all at the companies working, and full-time employees all home.

  11. The Original NJ ExPat says:

    Pumps – Do they have trailer parks in Poland? If not, where does your Dad bury his bone these days?

  12. 3b says:

    Today’s blog headline story seems very familiar!

  13. 3b says:

    Yep jet fuel! All these millennials are just going to run out now and buy 750k houses!!

  14. NJCoast says:

    My husband always made it to the floor no matter what the weather. Always told the story of Izzy who was the only one to make to the floor in a blizzard and was answering everybody’s phone and executed their orders in exchange for their future business and built an empire from that day. Imagine the need for humans to execute orders, how things have changed.

  15. The Original NJ ExPat says:

    I can’t wait for grim to be a renter again. He was great back then.

  16. 3b says:

    Speaking of millennials I am amazed at all of them that live in Hoboken yet take the Ferry across to lower Manhattan. Monthly ferry ticket 240.00 monthly PATH cost 84.00! Silly millennials!!

  17. joyce says:

    Fast Eddie,
    Are you working from home like a millennial?

  18. 3b says:

    Nj coast not showing at my firm in those days was not acceptable. No matter how late!

  19. Sima says:

    The Original NJ ExPat:
    The $110./hour contract worker is just a memory these days. Enjoy your memories…

    Every year since the Great Recession the hourly rates have been going down – too many laid off workers, too few contract jobs.
    I’m hearing that J&J is among the worst nowadays – offering the same rate to American laid off workers as young kids from India. (I’m hearing $28. to 30. per hour for all sorts of business contract work). Because they can.

  20. Fabius Maximus says:

    Gary,

    This is not “fit the narrative”, this is the truth coming out and that is the true greatness here.

    https://www.cnn.com/2018/01/03/politics/bannon-wolff-fire-and-fury/index.html

    “Bannon also reportedly told Wolff that special counsel Robert Mueller’s investigation into the Trump campaign’s potential ties to Russia is centered on money laundering, saying that the White House is “sitting on a beach trying to stop a Category Five” hurricane.”

    Trump is not an Alpha, returning America to greatness. he is out of his depth and doing damage to the country that will take 30 years to unravel.

    Wolff on Trump’s aides: “my indelible impression of talking to them and observing them through much of the first year of his presidency, is that they all — 100 percent — came to believe he was incapable of functioning in his job.”

    As someone wrote, this is not his political enemies, this is his staff.

  21. The Original NJ ExPat says:

    I remember making it in during a blizzard in Hauppauge, Long Island. The whole building was on one floor, but we had nice floor to ceiling windows in my office area, open air, no cubes. There were about 6 parking spaces where you could see your car all day long, not that I thought mine would be stolen, I just liked looking at it. I parked in one of those spaces and turned the corner to go in the side entrance. I would have been blown off the planet by the blizzard winds, completely unexpected as I rounded the corner of the building. The entire side parking lot was ice but I was lucky that the curb of the walkway, and only the curb, was free of ice and snow. I managed to find my footing and leaned hard into the wind walking a 5 inch concrete tight rope to get in the building. One false move and I would have been on by rump 10 yards back.

  22. joyce says:

    Fabius,
    Is there any chance Bannon is trying to sell a book?

  23. grim says:

    I must be a bad Republican, I have no idea why Bannon is even a thing, and I don’t know what a Breitbart is.

  24. grim says:

    I can’t wait for grim to be a renter again. He was great back then.

    It’ll be in a trailer on a piece of land I own in some tropical place. Keys or Hawaii most likely. Owning only one pair of flip flops is something I aspire to.

  25. 3b says:

    I guess those contract workers won’t be buying houses.

  26. Fast Eddie says:

    Joyce,

    I am home because they told us yesterday to work from home today. If they said nothing, I would have been in the office.

  27. Fast Eddie says:

    he is out of his depth and doing damage to the country that will take 30 years to unravel.

    My investments look anything but damaged.

  28. JCer says:

    Contract workers in tech, still doing ok hourly rates still $75-$150, demand is steady rates haven’t changed in 10 years. It’s very difficult to hire developers in this market so consultants are a big piece of the game, the staffing firms love the reoccurring revenue stream they make on the mark-up.

  29. 3b says:

    I am not a trump fan but my investments like him. As for damage well I would say Obama did a lot of damage as well. And was also out if his depth and league. More polished and sophisticated yes. But still pretty clueless on all topics. And he was a divider not a unifier.

  30. D-FENS says:

    The moment that made Breitbart. Bannon is a hack compared to him. He broke Wienergate….

    https://www.youtube.com/watch?v=eIJRyJkQXyc

    grim says:
    January 4, 2018 at 9:46 am
    I must be a bad Republican, I have no idea why Bannon is even a thing, and I don’t know what a Breitbart is.

  31. The Original NJ ExPat says:

    I recommend the Western tip of Kaua’i. You can’t circumnavigate the island by car, so it is literally the “end of the road”. A lot of tenters and people living in vans that haven’t moved in years. About 2 inches of rainfall annually, even though the wettest place on earth is scant miles inland, Mount Waiʻaleʻale, 374 inches of rain per year. Also, there are Chickens and Roosters running wild all over Kaua’i, in case you start jonesing for some protein.

    It’ll be in a trailer on a piece of land I own in some tropical place. Keys or Hawaii most likely. Owning only one pair of flip flops is something I aspire to.

  32. Fabius Maximus says:

    Joyce, doesn’t seem to be the book type, but he scores very high on the “Axe to Grind scale”. One big difference here, is that Bannon is not talking for publication, all this was people assuming they were off the record.

    “There were no ground rules placed on his access, and he was required to make no promises about how he would report on what he witnessed.

    Since then, he conducted more than 200 interviews. In true Trumpian fashion, the administration’s lack of experience and disdain for political norms made for a hodgepodge of journalistic challenges. Information would be provided off-the-record or on deep background, then casually put on the record. Sources would fail to set any parameters on the use of a conversation, or would provide accounts in confidence, only to subsequently share their views widely. And the president’s own views, private as well as public, were constantly shared by others. “

  33. Fabius Maximus says:

    Gary, if your only gague is your investments, I would assume you would have to like the Obama administration more, as you got a bigger run up.

  34. The Original NJ ExPat says:

    You couldn’t not like Andrew Breitbart if you understood math and sound reasoning. If you accept that premise, you can imagine who wouldn’t like him.

  35. The Original NJ ExPat says:

    I don’t have a problem with Bannon, except for his Megalomania. My first clue was when he said, “We could govern for 50 years.”

  36. ExJersey says:

    8:15 self-important……much? A lot your MAGA-douche. Amirite? You f’ing cunt?

  37. The Original NJ ExPat says:

    2017 was the best investment year ever for investors like me. No volatility to take you out of winning positions if you are an intermediate term trend trader. I turn over my portfolio about 3 times per year.

    Gary, if your only gague[sic] is your investments, I would assume you would have to like the Obama administration more, as you got a bigger run up.

  38. ExJersey says:

    Gary/Eddie’s portfolio > everything else

  39. Fabius Maximus says:

    This book is just shining a light on the political ignorance and/or incompetence of the whole operation. Stripping off the sensationalism and assuming 50% truth, given the corobborations from other sources there is still a lot of meat left on the bone.

    “Bannon went on, Wolff writes, to say that if any such meeting had to take place, it should have been set up “in a Holiday Inn in Manchester, New Hampshire, with your lawyers who meet with these people”. Any information, he said, could then be “dump[ed] … down to Breitbart or something like that, or maybe some other more legitimate publication”.

    Bannon added: “You never see it, you never know it, because you don’t need to … But that’s the brain trust that they had.”

    Bannon also speculated that Trump Jr had involved his father in the meeting. “The chance that Don Jr did not walk these jumos up to his father’s office on the twenty-sixth floor is zero.”

  40. ExJersey says:

    10:23 maga tho

  41. ExJersey says:

    WASHINGTON (AP) — Attorney General Jeff Sessions is rescinding the Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country, two people with knowledge of the decision told The Associated Press. Sessions will instead let federal prosecutors where pot is legal decide how aggressively to enforce federal marijuana law, the people said.

    The people familiar with the plan spoke on condition of anonymity because they were not authorized to discuss it before an announcement expected Thursday.

  42. The Original NJ ExPat says:

    I found Fab’s youtube channel:

    https://www.youtube.com/watch?v=kfX5fqN8kYY

  43. ExJersey says:

    I’d like to kick about 3 or 4 of you cucks directly in the nuts.

  44. D-FENS says:

    Bannon was just giving speeches a few months ago about how great the Trump family was and how they are all patriots. The current situation seems odd.

  45. leftwing says:

    “We desperately needed an ultra dick alpha attitude after eight years of that p.ussy who was too willing to throw the productive class under a train.”

    “Trump is not an Alpha, returning America to greatness. he is out of his depth and doing damage to the country”

    “As for damage well I would say Obama did a lot of damage as well. And was also out if his depth and league. ”

    LOL. Obama was so out of his league. The examples are legion….I said when he first came into office that he would get played by the Dem establishment easily. Seriously, what in the background of a ‘community organizer’ and US Senator qualifies them for the Presidency? Highest compliment to Obama is that he was a placeholder, a bookmark.

    Yeah, this guy is batsh1t crazy but at least he’s not neutered.

  46. Blue Ribbon Teacher says:

    The first time I heard of Steve Bannon, it was from all the screaming he was a neonazi. Now, he seems to be their favorite person.

  47. Njescapee says:

    Ex Jersey you went from being somewhat nice years ago to a total monster. You be using pharmaceuticals?

  48. leftwing says:

    “We’re living in an incredible era where we might die in a nuclear inferno…”

    Hey Puzzy, are all liberals such drama queens or just the ones you follow?

  49. ExJersey says:

    Somewhat nice…..you obviously don’t know me…

  50. ExJersey says:

    10:52 there’s that school teacher mind — always….clueless

  51. The Original NJ ExPat says:

    It just shows how weak ExJ’s character is. CA is all lemmings and now so is he.

  52. ExJersey says:

    Nigga please

  53. 3b says:

    And Obama served a little more than a year as a U.S. Senator. And no area of knowledge or expertise. And people wonder how trump was elected?

  54. Fabius Maximus says:

    Early in the campaign, Sam Nunberg was sent to explain the Constitution to the candidate. “I got as far as the Fourth Amendment,” Nunberg recalled, “before his finger is pulling down on his lip and his eyes are rolling back in his head.”

  55. ExJersey says:

    Yeah but Obama !!!

  56. ExJersey says:

    Yeah but Her emails!!!

  57. Libturd, AKA Dr. Howie Feltersnatch says:

    Found the steam leak at the multi. I need to demo about half the walls in my basement. I’m way too busy. Does anyone know of anyone who wants to do about a day of demo and then when the two return pipes are replaced replace the sheetrock? It’s mostly just flat wall, but I soffeted up about 15 feet of heating pipe as an asbestos remediation. Normally, I do all this myself. But too busy at work and out of time off.

    In other news, I too was usually the only person who made it into work on the blizzard days. The best part of those days was coming home on the train on the Clifton line. At the Athenia Station, they would never shovel the steps down to the underpass. Due to drifting and the train-blown snow, it was often up to my waist. Those were the days when weather didn’t ever impact train service. Nowadays, it rains heavy and half the lines are shut down.

  58. ExJersey says:

    You wanna know why i am annoyed? Trump seems to think he can piss on my head and tell me it’s raining. He’s like every other leader in a third rate company that ruins everything he touches.

  59. 3b says:

    Ex yeah exactly her e mails Obama Trump. They are all the same. The so called left has not figured that out yet.

  60. Njescapee says:

    My guess is you moved to California to score the pot explosion.

  61. ExJersey says:

    Do i hate the guy ? No. I may even see elements of myself in him. But they are the worst elements. I cannot believe you actually think he’s ‘running’ anything.

  62. ExJersey says:

    11:24 Nope.

  63. Fast Eddie says:

    Gary, if your only gague is your investments, I would assume you would have to like the Obama administration more, as you got a bigger run up.

    In spite of it or because of it? When the DOW was sitting at around 7 something and change, anyone sitting in the president’s seat would have witnessed the market climb. The market rose kicking and screaming, casting aside every obstacle the progressive movement tossed in its path.

    To add to it, every other investment instrument other than equities was earning zilch. The Oblama administration was an exercise in divisiveness, anger, friction, discord, tension, bickering, resentment and cynicism.

    He and his followers are perfect together – both with an ax to grind, filled with a great dislike for doers and those with a desire for personal success. They can’t fathom it nor identify with it so their only recourse is to destroy it.

  64. ExJersey says:

    11:27 you all destroy each other on the reg. Read the book.

  65. D-FENS says:

    He is doing the lord’s work.

    Enraging politically left of center people is icing on the cake.

    ExJersey says:
    January 4, 2018 at 11:19 am
    You wanna know why i am annoyed? Trump seems to think he can piss on my head and tell me it’s raining. He’s like every other leader in a third rate company that ruins everything he touches.

  66. D-FENS says:

    What is especially pleasing is to watch Trump pack the judiciary so that when the left re-takes power, their garbage laws can be overturned.

  67. D-FENS says:

    One of Trump’s biggest highlights of 2017 was rushing to get a ton of judges confirmed — and he’s set for more wins in 2018

    http://www.businessinsider.com/trump-judges-confirmed-2017-12

  68. leftwing says:

    “yeah exactly her e mails Obama Trump. They are all the same. The so called left has not figured that out yet”

    “They can’t fathom it nor identify with it so their only recourse is to destroy it”

    Don’t argue guys. The Left doesn’t ‘get it’ and it is to everyone else’s advantage that they don’t.

    Deaf, dumb, and blind could have forecast that HRC would not cover the electoral spread. She lost to TRUMP. Not to anyone actually qualified, not to anyone with a deep (any) political resume, not to someone from a political family. She lost to TRUMP. A rank beginner freak show.

    It speaks volumes that the left sees that loss as a failing of the electorate, the electoral system, or subterfuge and not their own fault.

    They are so self centered on their own righteousness it is a blackhole, sucking into oblivion anything that challenges their own beliefs.

    Let them keep thinking that way. As long as they do they will be consigned to the minority. Warren/Sanders 2020!!

  69. grim says:

    Got into a Facebook argument with a friend of a friend. Someone who recognizes 12 different genders.

    My position in the argument was that divisive politics breeds divisive politics, and that it would be impossible to break out of this spiral. The current political situation should have the blame placed on both sides. That the ability to understand that someone can hold a different opinion no longer existed.

    She called me Hitler, said Hitler was a centrist, and that’s why all the jews died. She said she would rather die than take a centrist position.

    I thanked her for making my point.

  70. leftwing says:

    “What is especially pleasing is to watch Trump pack the judiciary so that when the left re-takes power, their garbage laws can be overturned.”

    THIS.

    Everyone focuses on the Supremes. They don’t see the floodgates have opened in the farm teams. All else aside, this may be the most indelible mark left by Trump administration.

    As a very important corollary, the Dems are again digging their own grave for future internment with these Court challenges of executive power and privilege. From immigration through possibly now the enacted tax law the Left has been running to the Courts to overturn orders and laws they don’t like. A recent Times article with Schneiderman has him claiming over 100 legal challenges to Fed rules.

    I believe they forget that the Left is the party that favors (over) regulation so when the shoe again is on the other foot – and the Courts packed with Trump appointees – the Left is going to get crushed. Take a look in the rear view mirror of all the Obama rules and legislation, especially from Holder, that a Red State AG or two could have challenged. They didn’t, but now the Dems have set a new standard.

    No different from their legislation that removed the filibuster for judicial appointments (the nuclear option, 2013). Ooops, how’s that working for you now, duh?…..They never learn…..

    And that’s a good thing for us.

  71. grim says:

    And the EU is up in arms against Poland for letting politicians nominate the judiciary? You know, the same way that it’s done in the rest of the world. Or are they concerned because it’s the conservatives who are in control when the reform was made? Somehow, this is worse than a crony filled judiciary selecting their own peers with no oversight. You can’t even become a lawyer in Poland unless they allow you to.

  72. leftwing says:

    “I thanked her for making my point.”

    And I thank you for making my point above much more succinctly.

  73. Fast Eddie says:

    Someone who recognizes 12 different genders.

    How does one have a discussion with mental midgets? Can you imagine our fathers and grandfathers calling themselves democrats today? The left is livid, LIVID that this guy is actually bulldozing a path and methodically reshaping this country’s greatness. What a contrast to the smooth-talking, do-nothing con man we had eight years ago. He was so ineffective and it’s never been more evident.

  74. leftwing says:

    Re: the Left’s overwhelming self righteousness……

    Much easier to control the horse when its wearing blinders.

  75. 3b says:

    12 genders??

  76. Blue Ribbon Teacher says:

    My office is dead. I am here. Too ingrained. Back in the day when I was on the trading floor you got your butt in!! Snow my arse!!

    Ghost of JJ?

  77. Njescapee says:

    New math

  78. Blue Ribbon Teacher says:

    10:52 there’s that school teacher mind — always….clueless

    Yep, that’s it, I better inform myself by reading Huffpost and Breitbart

  79. Blue Ribbon Teacher says:

    You wanna know why i am annoyed? Trump seems to think he can piss on my head and tell me it’s raining. He’s like every other leader in a third rate company that ruins everything he touches.

    The entire federal government has been pissing on you for 3 decades. They just haven’t told you about it.

  80. 3b says:

    Blue we are both of that same Wall Street generation. Whatever happened to JJ?

  81. chicagofinance says:

    Peak economic cycle…….not a warning, but just note it for your own purposes….

    grim says:
    January 3, 2018 at 3:57 pm
    Wayne 23 Park and Ride – nearly impossible to find daily spots now, and the monthly spots are pretty full. A few times in the past couple of months I was not able to get a daily spot, and needed to hang around until 9:30 when you can take a monthly spot. Even then there were a half dozen cars scrambling for the few open monthly spots. Two years ago, it wasn’t a consideration that you would not get a daily spot.

  82. grim says:

    but I would have liked a little bit more wage inflation on the way up

  83. grim says:

    Spoke to my China investment buddy the other night.

    Says that, hush hush, government backed Chinese banks are willing to fund any venture to purchase American companies with the specific intent to repatriate the technology and manufacturing capability. Says it’s basically carte blanche. This includes the funding of JVs if they can prove they will gain local IP and will be able to exploit that. This is completely contrary to their public comments.

  84. chicagofinance says:

    2018 feels very 2007/1999-ish……

    If we are lucky then it is 2006/1998……

  85. Libturd, AKA Dr. Howie Feltersnatch says:

    Couldn’t agree more ChiFi. And Pumps is like the mascot for “This time it’s different.”

  86. Fabius Maximus says:

    LW

    So its only the left that are outraged. All the Republicans are on the Trump bandwagon and happy with this administration and Congress.
    Because that what I don’t see here is that you go on and on about the Left, Clinton, O etc etc etc, but never you cast your gaze to the other side. You are guilty of the the same accusation you level against the so called Left and Dems.

  87. D-FENS says:

    ach….I hope you guys are wrong. Every down cycle I change jobs. I hate changing jobs.

  88. Not Grimskie says:

    Grim,

    One of James Jesus Angleton’s biggest cold war fear was the combined KGB misinformation/manipulation campaign to make the USA leadership and the rest of the world believe that the USSR was not dangerous and should not be feared. Angleton even feared that Kissinger’s triangulation with Beijing/Moscow was really a rigged game where Beijing/Moscow were coordinating against us.

    So tell me today. As you look at the evidence, just pure fact in front of you, what do you think. Small checklist.
    -Corporate America’s transfer of IP and manufacturing capabilities to China.
    -Fox’s Murdoch power over the US media, in itself bad, but dangerous when he plays footsie with the Chinese because of his properties there (ex-wife has big Chinese intelligence links and is big in Silicon Valley investing)
    -H1B1 Visas which allow the training and exportation of your likely enemies’ best tech workers.
    – All sold under the cloud of free markets corporate statehood over national and individual importance.

    Spoke to my China investment buddy the other night.

    Says that, hush hush, government backed Chinese banks are willing to fund any venture to purchase American companies with the specific intent to repatriate the technology and manufacturing capability. Says it’s basically carte blanche. This includes the funding of JVs if they can prove they will gain local IP and will be able to exploit that. This is completely contrary to their public comments.

  89. Mike S says:

    I work in IB Technology – everyone is working from home today.

  90. ExJersey says:

    12:17 Sure Union member.

  91. Fabius Maximus says:

    Getting rid of the Fillibuster was a good thing. It was time it changed. Yes there are always unintended consequences with most things.

    I don’t really have a problem with someones nomination based on ideology. I have more and issue with suitability and competence. With this administration, I struggle to find more that one or two nominees who I would consider qualified or suitable for the job.
    I disagreed with most of Scalias findings, but would agree that he was qualified to the job.

    Are you all happy to stand behind a nomination like this for a lifetime term on a bench
    https://www.youtube.com/watch?v=c-zvNnFjk3Q

  92. chicagofinance says:

    Fabius Maximus says:
    January 4, 2018 at 1:27 pm
    Getting rid of me would be a good thing.

  93. chicagofinance says:

    Murdoch sold out to Mouse House……

    Not Grimskie says:
    January 4, 2018 at 1:22 pm

    -Fox’s Murdoch power over the US media, in itself bad, but dangerous when he plays footsie with the Chinese because of his properties there (ex-wife has big Chinese intelligence links and is big in Silicon Valley investing)

  94. D-FENS says:

    Peter Thiel is reportedly in touch with the Mercer family about launching a conservative cable network

    http://www.businessinsider.com/peter-thiel-mercers-may-consider-launching-conservative-cable-network-2018-1

  95. The Great Pumpkin says:

    Thank you for acknowledging that. Some blind individuals (pride blinds) falsely claim I bring no value to the blog when I make a lot of calls. Lots of money made if one has been investing on the basis of my calls.

    joe says:
    January 4, 2018 at 11:40 am
    Pump was right again.
    He called it on commodity.

    https://www.bloomberg.com/news/articles/2018-01-04/global-factory-boom-boosts-commodity-prices-from-oil-to-copper

  96. The Original NJ ExPat says:

    Occam’s razor. He does it because you and he both enjoy it.

    You wanna know why i am annoyed? Trump seems to think he can piss on my head and tell me it’s raining.

  97. The Original NJ ExPat says:

    Democrats are actually praying for unemployment, recession, and nuclear war.

    Stupid is as stupid does.

  98. The Original NJ ExPat says:

    NHMD – 0.0014 per share today.

    Thank you for acknowledging that. Some blind individuals (pride blinds) falsely claim I bring no value to the blog when I make a lot of calls. Lots of money made if one has been investing on the basis of my calls.

  99. The Original NJ ExPat says:

    The Original NJ ExPat says:
    November 27, 2017 at 6:54 am
    People should get this by now:

    Bonds top first.
    Stocks top second.
    Commodities top third.
    Recession.

    We have plenty of time.

  100. The Great Pumpkin says:

    Nowhere near peak cycle. In my calls since 2012, I have stated that there might be a correction in late 2018 or 2019, but it will be quick. Rebound will be almost immediately, if the correction even happens, and then we are off to the races for “roaring 20’s 2.0” (I should trademark that).

    chicagofinance says:
    January 4, 2018 at 12:37 pm
    Peak economic cycle…….not a warning, but just note it for your own purposes….

  101. The Great Pumpkin says:

    Only bad call, so you always bring it up. Tell me one investor that always gets it right. Wasn’t a waste of money, learned valuable market information from my times with it.

    The Original NJ ExPat says:
    January 4, 2018 at 2:01 pm
    NHMD – 0.0014 per share today.

    Thank you for acknowledging that. Some blind individuals (pride blinds) falsely claim I bring no value to the blog when I make a lot of calls. Lots of money made if one has been investing on the basis of my calls.

  102. The Great Pumpkin says:

    This is a strong economy backed by strong demographic spending patterns with a highly favorable position in the business cycle. Party just getting started.

    Libturd, AKA Dr. Howie Feltersnatch says:
    January 4, 2018 at 12:58 pm
    Couldn’t agree more ChiFi. And Pumps is like the mascot for “This time it’s different.”

  103. 3b says:

    Lib I said something similar earlier relating to over valued housing markets.

  104. 3b says:

    Fab Obama’ was not suitable either in many regards. About a year in the senate. Basically never there. No area of expertise as in foreign policy . I doubt he even knew what a Ukraine was. Never mind it’s complex history. No economy expertise or any real knowledge of any particular area. So by definition not competent. And his arrogance in turn made him not suitable. He was a legend in his own mind.

  105. 3b says:

    I think China is a far bigger threat to the USA and the world rather than Russia.

  106. Blue Ribbon Teacher says:

    Thank you for acknowledging that. Some blind individuals (pride blinds) falsely claim I bring no value to the blog when I make a lot of calls. Lots of money made if one has been investing on the basis of my calls.

    Please list your spectacular calls.

  107. 3b says:

    And just think a few weeks ago he was sad!

  108. Libturd, AKA Dr. Howie Feltersnatch says:

    “Lib I said something similar earlier relating to over valued housing markets.”

    Heck, I’m putting my multi on the market. My realtor says there are tons of stupid progressives panicking due to Trump and Montclair is hotter than ever. She thinks I can get close to 700K. I’d sell it for that.

  109. The Original NJ ExPat says:

    Especially this week, right?

    Heck, I’m putting my multi on the market. My realtor says there are tons of stupid progressives panicking due to Trump and Montclair is hotter than ever. She thinks I can get close to 700K. I’d sell it for that.

  110. The Original NJ ExPat says:

    I think Pumps predicted that white people would make money.

  111. ExJersey says:

    1:58 do you actually know any democrats?

  112. No One says:

    great satire of the mentality of some posters here from JP Sears:
    https://www.youtube.com/watch?v=ZBdnyrzq96s

  113. The Original NJ ExPat says:

    Pumps also predicted that some penny stocks would undergo a price change.

  114. The Original NJ ExPat says:

    I live in Boston, do the math. Whoops, I think I’m the only Democrat that knows how to do math.

    1:58 do you actually know any democrats?

  115. ExJersey says:

    2:39 touché

  116. Blue Ribbon Teacher says:

    House around the corner which was updated from me just sold, 535k. They were originally asking $615k. Took 6 months to sell. A house of the same size but beaten to crap sold for $585 last year and lasted about 7 days on the market. Getting a better house for $50k less after a 6 month wait. Signs of market top in my neck of the woods.

  117. The Original NJ ExPat says:

    This DOJ push towards busting/leaning on Marijuana businesses confused me, but I think I get it now. If California wants to continue down the sanctuary state path it’s going to be like

    “That’s a nice little marijuana economy you got there, it’d be a shame if something happened to it.”

  118. The Original NJ ExPat says:

    I’ve been killing it in Consumer Discretionary since November, especially retail (RL, URBN, GPS, DLTR, TSCO). I stick to the S&P 500 and MidCap400. Two days ago ZUMZ came up on my radar, I even asked my teenage daughters about it, I didn’t know the store. I ultimately decided it was too small and too thinly traded. Up over 13% today alone.

  119. grim says:

    Screw democratic states until they fall in line.

  120. grim says:

    I base my retail investments on my wife’s shopping bags.

    One day she came home with a Lululemon bag, and told me how much she spent for pants. I ran downstairs and bought shares.

    A few months later, she was wearing another new pair of Lululemon pants, she bent over, and I could see her thong.

    I’m like, f*ck yeah, double down on this, the stock I mean. This baby is going to FLY.

    Then she came home one day with a similar pair of pants from the Gap. I’m all crazy, where did you get those, the gap, they were $30.

    SELL. SELL. F*CK THE THONGS SELL

  121. grim says:

    I’m pissed that LUSH isn’t public.

    Wife bought a bath bomb for my 5yo daughter, it was like $9.

    God that’s brilliant, it’s $9, costs $0.02 to make, has no packaging, and gets used up in 35 seconds. F*cking sparkles and glitter and shit, kids LOVE THAT.

    Going to start selling them on the corner like a drug dealer for $9 a hit.

  122. Libturd, AKA Dr. Howie Feltersnatch says:

    And Lush is old as sh1t. My wife started overspending there over twenty years ago in London.

  123. 3b says:

    Blue now you have done it. Someone is going to give you a lecture. You can’t be saying stuff like that.

  124. Blue Ribbon Teacher says:

    Every cosmetic and bath product is like that. Perfumes and Cologne all cost $0 to make. Cosmetics are the same way. Moisturizers are like selling bottled water. It’s always name brand that people want. Even for bath fizzies. People won’t even buy them from the stand in the mall. They want to go into the store and pay more.

  125. Libturd sporting Tiger Wood says:

    If I want bubbles in the tub, I just fart.

  126. The Original NJ ExPat says:

    Kids went back to school yesterday after Christmas break, off today and tomorrow due to snow. 16 out of 17 days off.

  127. chicagofinance says:

    Ex…..get your sh!t right…..

    https://www.youtube.com/watch?v=1oeJnEsAJKw

    Libturd sporting Tiger Wood says:
    January 4, 2018 at 3:31 pm
    If I want bubbles in the tub, I just fart.

    The Original NJ ExPat says:
    January 4, 2018 at 3:58 pm
    https://www.youtube.com/watch?v=jFwEn3ZPN_U

  128. xolepa says:

    expat.

    My son is a 4th year Anesthesiology resident at Boston Medical. Lives in Quincy on Milton border.. He’s having a hard time getting there. has to be there. No on else around, according to him.

    Any suggestions?

  129. chicagofinance says:

    But Pret said there won’t be any more writedowns……

    The Great Pumpkin says:
    January 4, 2018 at 2:11 pm
    This is a strong economy backed by strong demographic spending patterns with a highly favorable position in the business cycle. Party just getting started.

    Libturd, AKA Dr. Howie Feltersnatch says:
    January 4, 2018 at 12:58 pm
    Couldn’t agree more ChiFi. And Pumps is like the mascot for “This time it’s different.”

  130. leftwing says:

    “what I don’t see here is that you go on and on about the Left, Clinton, O etc etc etc, but never you cast your gaze to the other side. You are guilty of the the same accusation you level against the so called Left and Dems.”

    Absolutely untrue. I preface or conclude all my comments with what a sh1tshow Trump is, that he’s crazy, and I never supported him.

    The Left believed – and still do – in the righteousness of HRC and Obama and anyone that questions otherwise is summarily dismissed.

    Could not be two more polar opposite positions.

  131. leftwing says:

    “Getting rid of the Fillibuster was a good thing. It was time it changed. Yes there are always unintended consequences with most things…Are you all happy to stand behind a nomination like this for a lifetime term on a bench”

    You’re proving my point. Dems for political expediency exercised the nuclear option and blew up the filibuster. Had they not done so, that nomination would not be on the bench.

    Again, it’s years down the road, but this precedent of having AGs sue in Fed Courts over regulations that are the purview of the Exec or over validly passed legislation simply because they disagree with it is a huge Trojan horse on the Dem party. You do understand that the Repubs generally reduce regulation and Dems generally expand it? Whose agenda is going to get hit worse if the Courts interject themselves? Particularly after Trump has spent at least four years stuffing Fed Court benches with his picks?

  132. leftwing says:

    So, back to my opening point this morning….the Left should keep doing what it is doing. Because it’s working so well.

    Warren/Sanders 2020!!

  133. Libturd sporting Tiger Wood says:

    X:

    Snow tires!

  134. ExJersey says:

    2:33 i doubt any self-respecting SJW would be caught within a mile of this place.

  135. 3b says:

    Pret! Now there is a blast from the past!

  136. 3b says:

    Left the Democrats never imagined they would not be in control in Washington.

  137. The Original NJ ExPat says:

    He doesn’t drive?
    expat.

    My son is a 4th year Anesthesiology resident at Boston Medical. Lives in Quincy on Milton border.. He’s having a hard time getting there. has to be there. No on else around, according to him.

    Any suggestions?

  138. xolepa says:

    He drives a Subara WRX. too low for the snow!

  139. Fabius Maximus says:

    LW

    “Had they not done so, that nomination would not be on the bench.”

    And again you make that point. It is not down to the Dems that this guy got nominated. This is the caliber of candidate this Admin is willing to see. Just as the GOP voters have to own the fact that Donnie made it through the Primaries.

    Any lawyers on the board lamenting the fact that we do not have the great legal mind of Harriet Miers on the Supreme Court.

  140. The Original NJ ExPat says:

    I concur. Michelin X-Ice Xi3’s are my current preference. The newest winter tires are such a pleasure and so much more comfortable, even in the dry, than OEM tires.

    My very first set of snows were Conti Contacts in size 155/80R13. Turned my 1800 lb ’84 CRX into a virtual 4WD. There is nothing cooler than going 60mph+ on top of several inches of snow late at night on an empty road.

    X:

    Snow tires!

  141. Fabius Maximus says:

    Joyce,

    It all comes down to the corroboration!

    https://twitter.com/janicemin/status/949005110671126528

  142. Yo! says:

    Xolepa – T from Milton to Andrew then walk to hospital.

  143. joyce says:

    I know you said “generally” but that’s a pretty bad simplification.

    leftwing says:
    January 4, 2018 at 5:04 pm
    You do understand that the Repubs generally reduce regulation and Dems generally expand it?

  144. Fabius Maximus says:

    Xolepa,

    Uber, if they are picking up, they are driving something that can handle the conditions.

  145. The Great Pumpkin says:

    “Testing

    Singer makes the argument that when comparing test scores from the US to other countries we are “comparing apples to pears.” The December 12 Washington Post reported on the latest dismal international testing results in reading by US fourth graders. A few days later, Diane Ravitch posted an analysis of these scores by David Berliner. Score on the paper and pencil version of PIRLS 2016:

    USA 549
    Singapore 576
    Hong Kong 569
    Finland 566
    Berliner looks at some demographic information and says “First, we can note that Asian Americans scored 591. That is, our Asians beat the hell out of Asian Asians!” Some more US data shared by Berliner:

    White Kids (50% of our students) – 571
    Upper Middle-Class Schools with 10% to 24 % Free and Reduced lunch – 592
    Schools with 25% to 50% Free and Reduced Lunch – 566
    Berliner draws the conclusion, “It’s our social and economic systems, not our schools, that cause lower scores than is desired by our nation.”

    Singer asserts,

    “By any fair measure, America’s public education system is simply stunning. But the media perpetuates the myth that we’re failing.”“

  146. joyce says:

    Fabius,
    All you do is keep posting links to things you agree with and try your best to rationalize away things you do not. Same as some others here and the parrots on tv.

    In my opinion, at the heart of it is the fact that you (plural) never learned the lesson that two wrongs do not make a right.

  147. chicagofinance says:

    Lacking any shred of persuasiveness due to a chronic deficit of candor……..

    Fabius Maximus says:
    January 4, 2018 at 6:40 pm
    LW

    “Had they not done so, that nomination would not be on the bench.”

    And again you make that point. It is not down to the Dems that this guy got nominated. This is the caliber of candidate this Admin is willing to see. Just as the GOP voters have to own the fact that Donnie made it through the Primaries.

    Any lawyers on the board lamenting the fact that we do not have the great legal mind of Harriet Miers on the Supreme Court.

  148. Blue Ribbon Teacher says:

    Pumps, I teach in a top ranked school in NJ and I’m given a bunch of kids in ho can’t solve for x in AP physics. This problem did not exist 10 years ago. There is a big probl m.

  149. Fabius Maximus says:

    Joyce

    The point I am trying to make is not two wrongs don’t make a right, but a wrong previous does not excuse the wrong today.

  150. Fabius Maximus says:

    Chi,

    I’m not in the persuasiveness business, are you?

  151. Fabius Maximus says:

    So 7 deg tomorrow with Wind Chill of -10. Even with the delayed opening, I’m calling a family snow day. The roads up here are a mess. With the overnight icing, are only going to get worse.

    Used TruFuel for the first time today in the snow blower and I’m a convert.

  152. 3b says:

    Blue thank you . I have been saying this for some time now . Of course what would you know! What with you being a teacher and all!

  153. grim says:

    That Tru Fuel stuff is great, my weed wacker and blower never ran so well. First pull start, every time.

  154. joyce says:

    That’s exactly the point I am [and you’re claiming to be] making now … and the exact opposite you were making from 09-16.

    So let me say this: two wrong never make a right whether they happen within a short time span or across presidentional administrations. (Or terms of Congress or decades or Supreme Court ass hats).

    Fair? What did I leave out?

  155. Libturd, AKA Dr. Howie Feltersnatch says:

    Now can we all agree that Ethanol is another prime example of politicians listening to lobbies instead of what is best for the populace? Government cheese and Obama phones too.

    “Tru Fuel”

  156. The Great Pumpkin says:

    This stuff has been working for me. Ethanol blows for small engines. Lost many carbs before I was recommended to try this product.

    https://www.homedepot.com/p/Ethanol-Shield-24-oz-Fuel-Stabilizer-1-024-1/204331518

  157. leftwing says:

    “The point I am trying to make is not two wrongs don’t make a right, but a wrong previous does not excuse the wrong today.”

    First I’ve heard that. No disagreement here.

    “It is not down to the Dems that this guy got nominated. This is the caliber of candidate this Admin is willing to see. Just as the GOP voters have to own the fact that Donnie made it through the Primaries.”

    Again, that liberal blindspot that your Donnie is my Hillbilly. I appreciate your negative views of him. Do you appreciate my negative views of her?

  158. D-FENS says:

    I’ve had the same sears craftsman weedwacker since 1998. Never used any fancy fuel. I don’t know what you guys are doing to your motors.

  159. grim says:

    Pops and I replaced the head on my Tecumseh Snow King 13hp. The exhaust rusted out, ended up stripping the head trying to get a seized bolt out. Never did an overhead valve head before (rockers). Need to readjust the lash again. It’s a damn good motor. Kicked ass yesterday, did 3 houses. Something to be said for the old crew knowing how to fix everything. Problem isn’t the motors, it’s the carbs. Shit gas gums up everything. On most of my small motors, if there is just a hint of an issue, I’ll just pitch the carb these days.

    But, I will say, whatever they got in those cans works really well.

    Trying to do engine work outside at 10 degrees sucks. Next project, run another hydronic loop to the garage and install a Modine heater.

  160. yome says:

    My first lawn mower lasted me 12 years. All i did is dusted the filter. Did not replace, dusted. Never drain oil,just add oil when down. I replaced blade once. Bought it in 1994 replaced in 2006. The replacement i treat the same. Whatever gas is left stays and mower is stored in a cold shed. Always bought a cheap toro. I bought a portable snow blower last year. Treated the same way. Put gas, push primer 5 times and pulled starter. No problem yesterday. Now i am crossing my fingers it stays that way

  161. Grim says:

    Picked up a beautiful new mower on upcycle for free.

    Dead, didn’t run. Husband cancelled the landscaper and was going to do it himself, they said screw it and went back.

    They filled the oil to the top of the fill tube, then proceeded to fill the gas tank.

    Not sure if husband genius or idiot.

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