You have to survive

You have to survive
Every day is a battle, survival is rule #1

Monday, May 30, 2016


Another Bubble Has Burst: The Miami Luxury Condo Market Is A “Ticking Timebomb”
Tyler Durden
Last year we warned that the luxury condo market in Miami was cooling down, and we also noted that one of the mail culprits was the fact that foreign buyers (especially Brazilians) were seeing their buying power crushed by the appreciating dollar.

Today, the bubble has officially burst and the Miami luxury condo market is a complete trainwreck. There are 3,397 condominiums available in the downtown Miami area, and at current prices it is estimated that it would take 29 months to sell those. A strong US Dollar has continued to force South American investors to unload recently built condos, adding inventory to an area where 8,000 units are under construction and nine towers have already been completed since 2013.

There was a similar real estate downturn in Florida prior to the 1929 equity crash. The wealthy are getting pinched.  Price per square foot doubled over the past few years but now the party is over.  Half of those gains could dissapear in a few months time.  Hmmmm, interesting.

Thursday, May 12, 2016

The Clintons are Funny

Chelsea Clinton husband Marc Mezvinsky won’t apologize to investors
Ben Ashford For Dailymail.com

Mezvinsky has refused to apologize to investors yesterday - despite losing nearly $25 million of their money in a gamble on the Greek economy.

Those investors include wealthy Clinton family supporters, some of whom have contributed campaign money to either Bill or Hillary
Mezvinsky  persuaded clients to pour cash into the struggling European country in the hope it would bounce back and deliver massive profits.  When Daily Mail Online asked Mezvinsky - outside his $10 million Manhattan apartment -  he refused to discuss the Greek tragedy.

Marc's father  Edward Mezvinsky, pleaded guilty to 31 charges of felony fraud in 2001 and spent five years in federal prison.  He admitted scamming his friends and family out of $10 million in a Ponzi scheme.

And to top it off, Chelsea's mom in fairly close to becoming President, oh my lord...so rediculous.  This article made me laugh.

US equity market Status

The S and P 500 is in the slightest downward channel.  There is clear minor resistance and support.  We appear to be leaving resistance again to fall down to support, again.  If support does not hold this time, then it will probably become the big sell off i have been waiting for.  Slowly more and more industries seem to be turning down or staying down.  Amazon is the only big name stock i have heard was gaining lately.  Considering several other big internet stocks have gone down, Amazon must be doing well on their own accord.  Someone give Bezos a platinum cookie.

Monday, May 9, 2016

Will there be a China Crisis?

The depression in oil was a major event but i dont think it will get blamed for a market selloff, if one happens.  But the next biggest event is China's overall economy gradually heading lower.  They are probably just now bottoming out in the middle of a strong recession. Chinese stocks are artificially high and should probably be around 60-70 percent off instead of only 30-40 percent off from highs.  A guy on cnbc was saying major turbulence in China could trigger a US sell off.  Anything is possible.  I am wondering if turbulence could make the chinese end their communistic price floor controls and let everything actually trade freely like it should.  Then i could buy my DFEMX at better prices for my 401k.  We'll see.

Saturday, May 7, 2016

How was the group interview?

Four guilty of $10 million investment scheme involving medical device
Eric Heisig, cleveland.com

CLEVELAND, Ohio — Four men were found guilty by a jury Friday for concocting a scheme worth more than $10 million to sell unregistered securities and lie to investors about a medical device they claimed they were developing.

The masterminds lied about patents and fda approval for a device that destroys needles.  They even had a fake location setup with parts laying around.  This is a real life reenactment of the movie Boiler Room.  Someone should make a movie about people who copied a movie.  Reco!

How was the group inyrrview?

CLEVELAND, Ohio — Four men were found guilty by a jury Friday for concocting a scheme worth more than $10 million to sell unregistered securities and lie to investors about a medical device they claimed they were developing.