The Really Useless Thread

Quoting glassblower

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could this have something to do with the prices for houses in the 80's being cheaper...therefor interest rates were being applied to lower balances and now housing prices are higher...there for lower interest rates for mortgages?

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Quoting The Fool

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{quote}no, not necessarily - in fact, in many past periods of rate normalization (i.e., rising rates) in the US, stocks have rallied during and afterwards. You can't isolate the issue of risk in relation to one variable - that of interest rates. There are many other factors. For instance, one fear of rising rates is it will weigh down on the housing market, because mortgage rates will be higher. But we were paying >12% for a mortgage in the 80's and building twice the number of houses that we build today. Why?

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Quoting yg10

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Salary / House price ratio was much less.

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Quoting The Fool

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{quote}Pay the Limit, exactly PTL, you can't always sell at the top or buy at the dead bottom of a btfd opportunity. I think I have heard these are the tendencies of losing traders, but no shortage of them regardless of the cause, myself included. This reversal on the US Election Nov 08 is getting to be a recurring theme in the btfd market, where there is tons of cash swashing around and no yield to be had anywhere except in equities. I think we will see an attack on the 2,200 summit and then continuation... {image}

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Quoting PayTheLimit

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It works till it doesn't anymore I guess. Everyone has been programed to buy the fucking dips, no matter what the reason. One of these times, it wont bounce, and the whole market will be like a deer in headlights. But when? And why? Higher rates? Seems like we are pricing that in already.

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Quoting The Fool

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{quote}I think that's true, bro. These "scheduled" volatility events - big elections, regime change, things you can see coming months in advance - you can trade volatility on the run-up, and that's ok. But they refuse to deliver in the aftermath - Brexit and US Election identical btfd examples. I think you have to try to anticipate the unscheduled possibilities - exogenous events I call them - and that's very much harder to do and often impossible. The renminbi evaluation of Aug '15 the last good example. When it's something unscheduled and/or unplanned,...

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Quoting PayTheLimit

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Then I'd take a little cake and place it on red or black.

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Quoting The Fool

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{quote}well you got to have that mix. When you build up enough size you can sell premium way out away from the money and rake in decent money day in day out, but you have to have beaucoup margin to trade that way. I will always be trading small ball but looking for homerun opps. They will come, in the 1st half of 2017 I spec. I am already shopping March SPX put spreads.....the ^VIX will bottom again down near 10 and I will be looking at that like a hungry poodle, too... {image}

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Quoting The Fool

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{quote}yeah, maybe - houses used to be a lot cheaper and I remember when you could buy a decent house on a 1/2-acre lot for $10k, out in Podunk.

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Quoting The Fool

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{quote}... Brexit and US Election identical btfd examples.

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Quoting jaxx80

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{quote} Hello What means "btfd"? Thanks

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Quoting NorthTrader

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Podunk... that's a new one. Don't think that's made it across the pond yet! Nor across the... (what's the nickname for the Pacific?)

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Quoting AlexC

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When bearish you have stfr Sell The Fookin Rallies

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Quoting NorthTrader

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{quote} Podunk... that's a new one. Don't think that's made it across the pond yet! Nor across the... (what's the nickname for the Pacific?)

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