Weekly Market Update, Aug. 24/18

Inventory not going down. Not good.

Come UCP, it will be worse.

Remember the day before the US election results where every "expert" - without exception - was telling us to sell all of our stocks if Trump won because the stock market would plunge on a Trump presidency?

I do.

It was common knowledge if Trump won the election U.S. stock market would drop 50 percent and if Hillary won the election U.S. stocks would drop 20 percent. Trump the fed and the central bankers turned the stock market into a three ring circus sideshow after he was elected. A 100 percent rigged pure ponzi with zero relationship to the real economy. Trump should be impeached for this alone yet no central bankers get arrested and the ponzi continues. At the same time the central bankers monkey hammer gold and silver constantly. In theory the U.S. stock market should have the biggest crash in history a crash even deeper than the 89 percent drop from the '29 crash as the world economies deteriorate year after year. All the 401k's will be toast as well as the people who buy and hold.

Tony,
What the hell are you talking about?
US GDP is about to hit 5%. Obama said that 4% was impossible.
Strongest economy in several decades. That's why the stock market is on a tear. There is no "ponzi scheme".
You've obviously invested all your money in gold and silver and watched helplessly as the market took off without you, while your precious metals plunged in value.

Hey Mike,
As soon as we're allowed to. Note - Zillow.com does not publish sales prices of homes in Edmonton, they do in many American cities but not here. Yet.

The most interesting development in the RE industry is the Supreme Court's TREB decision and it's impact on the industry across Canada.

So far, brokers in Toronto are falling all over themselves to make the data public.

What will EREB do?

Please limit the discussions to real estate matters. Many of the discussions posted are not related to the topic ( the USA economy, US politics, and Canadian politics., etc.)

Sara, When are you guys publishing sales prices of Edmonton homes...just like zillow.com
Would be a nice first here.

Well it's not surprising that TREB is threatening to sue their own members who publish Real Estate data without password protection.

A shame they refuse to see that this is a great opportunity for the industry and it's a shift that's going to happen whether they like it or not.

Jon you sound disgruntled! The economies of the world are fairing a lot better than anyone anticipated despite tariffs, China tension etc. I think you will get your correction at some point in the medium term but it isn't because of a 'ponzi' scheme. We are in the tail of the longest bull run in share market history. History says that it will correct eventually.

Stock market crash is long overdue for sure. There is no economical basis for the growth of stocks compared to actual growth of economy. How much does it come down or when (tomorrow? next week? next month or next year?) is anybody's guess.

The economies of the developed world are going along quite well in terms of growth. The stock market will always front run the economies. Of course there will be a correction. there always is. However the people saying the Dow will be at 1,000............. good luck with that. And good luck with your day trading!

We're in the longest bear market rally in history... you'll learn. We might see DOW 1,000 again when this perpetrated ponzi implodes. I've been in the stock market since the late 1970's and day trading since the days of discount brokers. I'm telling you this market will fall harder than the 89 percent fall in the ''29 crash.

We might see the Dow at 1000? Where do these tin foils come from? You'll never see it at 10,000 let alone 1000