The market may have finally succumbed to the news and we saw the bears really take control for the first time in a couple months. The size of the move and the failure to stage a late rally places market participants in a difficult position. Frequently, you ‘ll see the market find support in the coming days off of extreme moves like this, but this is really uncharted territory. At this point the bulls may not have the resilience or resources to hold on.
Calling a market top may be a fool’s errand, yet we are compelled to point out that like few other times in history, speculative investors are pumping money into low-quality, virtually valueless (and literally bankrupt) stocks. It begs the question, could we be on the precipice of an economic dumpster fire?
Now here’s the rest of the news:
Why the Next Boom in Housing Is In Full Swing
“There are going to be some good properties that have some short-term struggles and they are going to need additional capital. Partnering with the owners of those properties … will allow them to get to the other side of COVID-19.” —Goldman Sachs
In the housing market right now…
- Investment firms are buying real estate, which will likely help drive the next leg higher in the real estate market.
- Homebuilders aren’t building homes, which will limit supply on the market and drive prices higher.
So possibly if you’ve set some cash aside for a real estate opportunity, it’s a great time to put that money to work…
“High achievers spot rich opportunities swiftly, make big decisions quickly
and move into action immediately.” —Robert H Schuller
June 12, 2019
Up early this morning, as I’m going for my FREE hearing test.
Actually it’s better than free, AirMiles gives out 75 Points to those that go for the ‘hearing test’ in the month of June. It was literally a 7 minute bike ride and a 30 minute audio exam. My audio evaluation was fine! The weather warm, calm & sunny; what a beautiful day. Like most people, as they get older, the range of hearing drops off. We tend to miss the detail in the words we think we hear.
When my wife says, “She’s taking up pottery!!” I must ask her to slow down and repeat the message, otherwise, I’ll have my bags packed and be waiting at the airport ‘Ready For A Very Long Vacation’ thinking she has just said, “We have won the lottery.” Anyway … I usually check the tickets … nothing this week!
P.S.: I charged the Caddy’s battery with an charger I had from Canadian Tire. “Car’s electrical system” sprung back to life. Looks like the ‘caddy’ is in need of an alternator. Trouble is the alternator not easy to replace, buried deep inside the engine cavity, and the car still needs a rear engine mount!