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Zynga, Inc. Message Board

  • odonnellm66 odonnellm66 Oct 23, 2013 4:07 PM Flag

    Everything down today except the grains.

    It's not a good sign, especially the big drop in oil.
    Manufacturing activity is drying up, and oil is a huge component.
    Tech hype will be hit the hardest.
    Twitter will withdraw its November IPO because of market conditions.

    Sentiment: Strong Sell

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    • Only thing that I have seen recent strength (last 3 days) are China education plays. Especially EDU and DL. NED has been flat but that implies strength since it is not tanking.

      znga is screwed.

    • Not everything is down. Home builders are up for some unknown reasons. Two days in a row..

      • 1 Reply to alan12211
      • I noticed that as well because I follow KBH as a barometer on long term interest rates. If the dollar continues to be debased, and it most certainly will be, there might be a plausible argument to buy houses. Go out long on the lending curve, preferably a 30 year fixed mortgage, and repay the loan with increasingly cheapened dollars. You never pay off the loan early under this scenario. The problem is that lending standards have dramatically tightened, as was proper in light of the subprime fiasco, and a huge component of home sales is all cash offers from investment syndicates and hedge funds, and they rent the homes out for income. This is artificial demand at least in the traditional sense of home ownership.
        The temporary prop can and will turn on a dime, at any point rents do not cover the cost of capital.
        That could happen when the general population wants to rent beyond their means.

        Sentiment: Strong Sell

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