Ron Insana was pounding the table "sell" real estate, and a few of the brokers from different cities were also gloomy.
Just spent a good part of an hour discussing "plunge in demand" in New York City, Miami, L.A. and San Francisco, especially for high end. Foreign buyers have vanished. This will filter down to mid and low end. Could be as bad as 2008. SELL HD!!!!!!!!!!!!! Below $110 or even $105 possibly soon!
Sentiment: Strong Sell
Nice run over the last week or two (look at all the green candles) could just be the start. $30+ by late summer in DBA & $50+ in JJG would not shock me.
The guy with the glass eye who made billions on Credit default swaps in 2008 says buy food commodities.
It was interesting TV moment. Like Icahn v. Ackerman on HLF. I believe Icahn won that one against the short.
I am neutral here. Just seems risky to debate short seller on TV. If the stock is up, maybe it will work out.
I have no position here. But debating a short seller on TV seems risky. Maybe the chairman thought he had no choice. If the short seller is lying about anything, it would seem this could end up in the court? Was interesting TV moment.
Rather than debate this on TV?
And the suckers buying zero and neg. rate bonds as foolish as those paying the price of a farm for a single tulip bulb.
Heck, I'll pay them 1% positive interest if they transfer $1 trillion into my account.