Comments on: Are We Having a Blowoff? http://www.senseoncents.com/2009/11/are-we-having-a-blowoff/ Navigating the Economic Landscape Mon, 15 Mar 2010 21:29:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: TeakWoodKite http://www.senseoncents.com/2009/11/are-we-having-a-blowoff/comment-page-1/#comment-7446 TeakWoodKite Tue, 17 Nov 2009 01:36:05 +0000 http://www.senseoncents.com/?p=12915#comment-7446 LD, great visual, this is what I meant by the market "gyrations" are starting again. I heard today that SF commercial real estate was in the mid 250 per sq ft, down from the mid 400 in the period of last year. I did not catch the national figures but I gather it is similar percentage wise across most of the country. The market is void of any reference to physical or intellectual assets. The discounting of this is going to reek, and wreak havoc. Where does small business get a break? They are not represented on the street. Perhaps we could collateralize that "market". LOL Thanks LD. Great read. LD, great visual, this is what I meant by the market “gyrations” are starting again. I heard today that SF commercial real estate was in the mid 250 per sq ft, down from the mid 400 in the period of last year.

I did not catch the national figures but I gather it is similar percentage wise across most of the country. The market is void of any reference to physical or intellectual assets. The discounting of this is going to reek, and wreak havoc.

Where does small business get a break? They are not represented on the street. Perhaps we could collateralize that “market”. LOL

Thanks LD. Great read.

]]> By: Larry Doyle http://www.senseoncents.com/2009/11/are-we-having-a-blowoff/comment-page-1/#comment-7439 Larry Doyle Mon, 16 Nov 2009 17:34:14 +0000 http://www.senseoncents.com/?p=12915#comment-7439 Matt, You are the head of the Eyes and Ears Department at <em>Sense on Cents</em>!!! I mean that with all respect and sincerity. Your color further supports my premise as to the markets discounting negative news and rallying on the perception of good news.....Blowoff...!! Seriously, thanks so much for your insights. Matt,

You are the head of the Eyes and Ears Department at Sense on Cents!!! I mean that with all respect and sincerity. Your color further supports my premise as to the markets discounting negative news and rallying on the perception of good news…..Blowoff…!!

Seriously, thanks so much for your insights.

]]> By: Matt http://www.senseoncents.com/2009/11/are-we-having-a-blowoff/comment-page-1/#comment-7438 Matt Mon, 16 Nov 2009 17:05:03 +0000 http://www.senseoncents.com/?p=12915#comment-7438 One more note on this report is that October retail sales were DOWN 1.7% compared to October of 2008. They were worse than October of last year, when we were in the heat of the shock of the financial meltdown. One more note on this report is that October retail sales were DOWN 1.7% compared to October of 2008. They were worse than October of last year, when we were in the heat of the shock of the financial meltdown.

]]> By: Matt http://www.senseoncents.com/2009/11/are-we-having-a-blowoff/comment-page-1/#comment-7437 Matt Mon, 16 Nov 2009 16:57:59 +0000 http://www.senseoncents.com/?p=12915#comment-7437 Larry - Part of today's report was that the September retail sales number was also revised sharply downard. September retail sales were actually down 2.3%, revised from the initial report of 1.5%, only about 55% WORSE than initially reported. So, what will today's announced number be revised to in next month's report? Also, will we see the same thing with the 3rd Quarter GDP number? Matt Larry –

Part of today’s report was that the September retail sales number was also revised sharply downard. September retail sales were actually down 2.3%, revised from the initial report of 1.5%, only about 55% WORSE than initially reported. So, what will today’s announced number be revised to in next month’s report? Also, will we see the same thing with the 3rd Quarter GDP number?

Matt

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