June 29th, 2012 7:37 PM by Eric Fang
Not Sure why I should write this. Maybe because I didnot write blogs too much recently.
Very interesting things happened last quarter.First, JPM had an unexpected trading loss(and I had unpected loss as well) and Jamiewas on the hot spot to prepare the questioningfrom the congress. Then the euro crisis, thefocus is from Greek, Spain and Italy(will soon be).It will be an endless game.
About two weeks ago, when I drove to see some REOlistings, I was surprised to find out some buildersstarted to build some new houses. And also I havesome clients started to purchase houses from thebuilders, since the REO inventory is "low".That's when I started purchasing the builder stocks. And that's why I wrote a blog about thetiming.
Sometimes, even though you think the market will eventually recover, but if you put intothe action too soon, you may have a little bit pain.Anyway, my builder stocks are above water now.
We like the market fluctuates. That's how wemake money from tradings. That's how we can get low interest rates, when traders are panicabout buying bonds.
For my business, it could not be better.I have another record 1st half year.
But the best of all the achievement is my weight control and running. I joked with the lender the other day, I am a runnerwho closed most loans; and I am a mortgageoriginator who runs the most milage per week.
Enjoy the nice weather and time flies. Very surprised to find out that we haveonly another 6 months into a new year.