“We’re now forecasting slower revenue growth for the third quarter based on an unexpected drop in Redfin’s bookings growth in the past three weeks, slowing traffic growth in a weakening real estate market.” – CEO of Redfin (RDFN) on the earnings conference call. Redfin stock plunged 22% after it reported its latest quarter this past Thursday after the market closed. I’ve been recommending RDFN as a short for several months in my Short Seller’s Journal.
I joined Elijah Johnson and Eric Dubin on SD Bullion’s weekly Metals & Markets podcast to discuss the popping housing market bubble and to explain why the risk of missing a big move higher in the precious metals market is much greater than the risk of more downside from here:
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I just released my latest issue of the Short Seller’s Journal in which I explain why Tesla’s days may be numbered and I offer ideas for speculating that TSLA goes to zero sometime in the next two years. I also update my homebuilder short-sell ideas. You can learn more about this newsletter here: Short Seller’s Journal information
Hi Dave, do you think they might try to extend the terms on mortgages to try and keep prices high? I see a lot of places talking about affordability issues. From the banks perspective, why not start locking people in 50 year loans so the payment is easier to manage on half a million. They’ve been successful at extending terms with autos.
According to this article gold has been smoked again.
Now under $1200.00 per ounce.
https://www.zerohedge.com/news/2018-08-13/gold-tumbles-below-1200-welcome-sign-global-contagion
Paper gold anyway. I would suggest looking for other sources of news on gold other than ZH. ZH’s reporting on the
gold market tends to lack depth and meaningful analysis