We Are in Bear Market

[hanera]

@aalj

American brand is supposed to represent - equal opportunity, government ethical transparency, reliability wrt allies, and moral clarity.

That is a brand alright. Trump understands what Americans want. They no longer want to live under that image. As wqj pointed out, Trump is doing what they want to behave.

[aalj]

@hanera

@aalj

I do think Trump is a disaster and will ruin the American BRAND

Trump is not a brand, is very American. His behavior is typical of an American. Your perception of an American is more likely that of a Californian or a New Yorker.

I think you may have over simplified your view of things. G HW Bush personified the American brand … and he was not from either of those States that you mentioned.

Always in society there is the constant push/pull between different parts of society. The worst for a society’s brand are thise who are braggarts, chase after money in a craven and open fashion, and lack moral character. G HW B represents one end of the spectrum. DJT represents the other.

Note that I am not moralizing here - I am obeserving how parts of society affects a society’s brand, and hence, its ability to attract captial and talent in the long run.

[aalj]

@hanera

@aalj

American brand is supposed to represent - equal opportunity, government ethical transparency, reliability wrt allies, and moral clarity.

That is a brand alright. Trump understands what Americans want. They no longer want to live under that image.

You mean the minority of the popular vote that voted for Trump?

[hanera]

Minority? Is not a small number

[aalj]

@wuqijun

Has to do with helping you to see the light in stocks.

Ok then. Im glad that bragging helps you feel better about your choices.

[hanera]

American’s greatest strength is marketing, creating an image, aggression, … have not changed.

[aalj]

@hanera

Minority? Is not a small number

Yep, minority.

[aalj]

@hanera

American’s greatest strength is marketing, creating an image, aggression, … have not changed.

Precisely. And we need to keep it up. We are screwing up the marketing part.

[aalj]

@wuqijun

Trump is representative of how Americans want to act on the world stage. He is doing what most Americans want him to do. So in fact it is Americans destroying the American brand.

Hmmm … does that include you? Or do you not consider yourself an American?

[wuqijun]

I’m Chinese American. Notice the word Chinese comes in front of American. And I’m definitely not a race traitor for sure.

[aalj]

Sounds to me like you don’t consider yourself an American first and foremost. Interesting.

Not sure what race traitor as to do with anything unless you are passively aggressively trying to launch personal attacks.

[wuqijun]

I will protect American interest when someone slanders America. I will protect Chinese interest when someone slanders China. I have a clear head and don’t blindly side with a nation.

Race traitor is an appropriate term to describe the behavior of some people on this forum.

[aalj]

@wuqijun

I will protect American interest when someone slanders America. I will protect Chinese interest when someone slanders China. I have a clear head and don’t blindly side with a nation.

Race traitor is an appropriate term to describe the behavior of some people on this forum.

Ah gotcha - still interesting that you don’t consider yourself an American first and foremost. I hadn’t considered that. Who exactly are you calling a race traitor? And what does race have to do with anything anyways?

As Americans we should seek to look beyond race. We are supposed to be post-racial. Supposedly.

[marcus335]

When has the US ever executed those qualities well?

We do better on equal opportunity now, but we also had slavery and segregation for decades.

The government has never had ethical transparency. We have the CIA and NSA. The main difference is it used to be easier for the government to lie.

I’m not sure we’ve had reliability with allies either. We tend to ally with whoever we feel is the least evil and feel free to switch sides. We’ve enabled or created regime changes then later helped boot that leader if they didn’t do what we want. We’ve been in wars with the same countries as enemies in one war and allies in another war.

Let’s not pretend the US can take the moral high ground. We convince ourselves we’re doing things for the right moral reasons, but do we really care if there’s not oil involved? In the cold war, we backed some horribly repressive regimes just to avoid communism from taking over the country. We looked the other way as long as the leader wasn’t communist.

[wuqijun]

Isn’t it blatantly obvious? Whoever is of Chinese descend and slanders China or Chinese people with every chance is probably a race traitor. So you know who you are.

[manch]

Ok. No more traitor talk man. Treat poeple with respect even if they disagree with you.

[BA_lurker]

to bring this back vaguely on topic. Just got this:

Trends At-a-Glance for Santa Clara County

Trends At a Glance	Nov 2018	Previous Month	Year-over-Year
Median Price	$1,250,000 (-3.3%)	$1,292,500	$1,288,500 (-3.0%)
Average Price	$1,547,350 (-3.1%)	$1,597,490	$1,619,100 (-4.4%)
No. of Sales	719 (-7.1%)	774	792 (-9.2%)
Pending	716 (-12.6%)	819	758 (-5.5%)
Active	1,100 (-19.1%)	1,360	461 (+138.6%)
Sale vs. List Price	100.4% (-1.6%)	102.0%	108.5% (-7.4%)
Days on Market	30 (+14.4%)	26	22 (+38.4%)
Days of Inventory	44 (-15.8%)	53	17 (+162.8%)

View Report Online

Market Barometer

Prices and Sales

Days of Inventory

Sales Year-to-Date

Sale Price/List Price Ratio

Market Overview

Market Continues to Soften

The real estate market in Silicon Valley continues to soften. The sales price to list price ratio is at its lowest level since March 2012. While still over 100%, 100.4%, the trend will have it below that mark soon.

Prices of single-family, re-sale homes fell year-over-year. This the first time the median price has been lower than the year before since January 2012. Year-over-year, the median price was down 3%. The average price was down 4.4%.

Home sales were down 9.2%. Year-to-date, home sales are down 9.2%.

Inventory continues to expand. It has been higher than the year before six months in a row. In November it was more than double last year: 138.6%.

As of December 5th, there were 1,100 homes for sale in Santa Clara County.

Nevertheless, Days of Inventory shed nine days to forty-four days in November. Since January 2000, Santa Clara County has averaged ninety-four days of inventory.

It is taking thirty days to sell a home. That’s the longest since January 2017.

The median price for re-sale condos was up 9.8% year-over-year. The average price was up 6.5%.

The sales price to list price ratio was 101.2%. That’s the lowest it has been since April 2012.

Condo sales were down 8.4% in November. Year-to-date, condo sales are down 12.8%.

Inventory continues to expand. It has been higher than the year before six months in a row. In November it was up 419.8% over last year.

As of December 5th, there were 447 condos for sale in Santa Clara County.

Days of inventory fell eleven days to forty-six.

It is taking twenty-eight days to sell a condo.

[BAGB]

Market is pretty ugly. Year over year median price fell. Inventory more than doubled. Days of inventory is even worse.

But this data is retrospective. It just confirmed the slow market on the last 2-3 months. Anecdotal sign is encouraging

[BA_lurker]

I have gotten 2 cold calls in the last week asking if i was interesting in buying a property (not a pocket listing but an actual public listing). Listing agents are finally having to work to find a buyer. In the past they could just sit back and fend off the wave of buyers

[BAGB]

Cold call from the listing agent checking whether you want to buy a house? That’s unheard of.

This data is so ugly. I hope the realtors will hide this data