Man I do not get it. Europe has done nothing except that it reported that it is headed for another DEEP RECESSION, Greece is still broke and no resolution is in sight, Belgium/Spain/Ireland/... are all in unresovable financial woes AND ALL IS WELL!
China is slowing down more and more and all the market can hope for is more QE so interest rates will stay low and there is no other place to put your money.
Spain: A Very Different Fiscal Crisis [View article]
Wow, was this story about the U.S. or Spain. Jeeez, we had a real estate bubble, we have 9 million plus homes in the bankruptcy pipeline that Uncle Obama has plugged, since we have no more mark to market with the residential and commercial assets of our fine financial institutions "WE HAVE NO FRIGGIN IDEA HOW BAD THESE ASSETS STILL ARE!!"
Ahhhhh those lucky Spaniards, they know that they are sunk, the U.S. is still an ostrich with its head in the sand!!
Oh and a comment to Stocknerd, I find your comments offensive and derrogatory. If your such an intelligent, sophisticated "LIBERAL" or not - one might find a better way to express himself.
If you are a liberal, and frankly who cares, you should be delighted that other people have the opportunity to love Nascar, no taxes, Jesus, business and the ALMIGHTY CAPITALISM!!!!!
Frankly I dream and live in any world I want whenever I want. And thank you Mr. Robert Kientz, I agree. You can change and mess up a bunch of things but if you f*ck with my freedoms anymore, I will be starting the NEW AMERICAN REVOLUTION.
Markets Erase Early Losses, End Mixed [View article]
Well, I am benching myself and I will sit on the sidelines until all hell breaks loose!
Go figure, Spain and Greece will be in turmoil, Europe is entering a recession, China is slowing, the U.S. still has a residential real estate problem, mediocre retail sales, unemployment is about to start rising again, the whole world is bankrupt except for China, Germany, Brazil and a few others, and we have a stock market ballooned by the Fed gov't.
No matter how bad it smells in this crapper, people want to ante up more to enter!!
I'm guessing that the Fed has shot it's wad twice and will not be able to come up with anymore money! The additional bubble they created has surely hurt us with 25 trillion of debt, and we still get to add in fannie/freddie/fha/amt... office........no budget and spending out of control and no cuts to date. Ahhhh, why can't we live fat and rich like our government!!
Government spending bubble over, foreclosures, super inflation, double dip recession......I'm gonna move to Greece, at least I know what the deal is there.
German factory orders fell 6.1% in February on an annual basis, after falling 4.9% in January. Economists had expected a slightly more moderate 5.5% fall. [View news story]
Wow, Europe is heading quickly into the tank and this is all there is on the story!!
Biobat, I don't think that they will dump 9 million on the market at once but how can prices go up if the banks continually slowly release houses on the market for the next 3, 5, 7 even 10 years???
If every six months there are a handful of homes in your neighborhood that are sold at fire sale prices - do you think that they will have any impact on other homes being sold in the area?? I certainly do.
So the premise I believe is that until they dump all these houses, the housing industry is gonna take a beating and until all of these foreclosures are sold, the value of your home and my home will either stay flat where it is or continue to depreciate until all the foreclosures are gone.
Additionally my friend, there are less and less buyers in the market for new and resale even with interest rates at an all time low.
This housing problem can only get worse as time goes on.
Weighing The Week Ahead: Can Job Growth Be Improved? [View article]
Great article but no on ever talks about the little guy like me. I had 12 employees and now I have 2. I still am not hiring and many of my friends with small businesses are also not hiring because we have not seen any improvement in the business climate for the last three years.
It seems there is still a huge disconnect between small business and the big market. When small businesses still employ more than the big boys and there is no improvement with our businesses, how is the number suppose to go down??
No offense hacker but where were you last week when all the housing info came out. Sure you can pick isolated markets in D.C., Malibu.....but overall here is the real doom and gloom as reported by the officials last week:
-Housing permits down -Housing starts down -Housing sales down -Housing refinancing down -Sales of existing inventory flat
The only thing that is selling still is distressed property. Even with record low interest rates there is no more stimulation in sales or refinancing.
I don't know what you know about dumping product on the market hacker but remember we had to stop the Russians and Chinese from dumping steel on the U.S. market.
Imagine what happens when 9 million homes, some maybe in your very neighborhood, get dumped on the market. When these houses sell for 30%, 50% even 70% less than your house.
What do you think is gonna happen to the value of your house and your neighborhood??? Don't be foolish my friend, my facts are not wrong, you go back and check all the housing data last week and educate yourself!
Lennar was the only on that looked ok, all the rest were off their ALREADY LOW PROJECTIONS.
Markets Bounce Back From Early Losses [View article]
Bad news for the last 2 weeks but it doesn't matter, Greece, Spain......no housing market, no improvement in unemployment, sales flat all over, durable goods orders down, oil up, and now Spaint and Italy in the bankruptsy spot light. The whole world in the toilet and the market continues to climb, who is controlling this madness??
The bottom to this market is not in yet. They still have to dump 9 million plus houses on the market. I bet that will make prices soar!!
Interest rates at an all time low and refinancing has dropped off the map. New home sales down, existing home sales down, permits down, housing starts down, foreclosure and short sales up.
There is no bottom yet and won't be for years to come.
Boosted By Bernanke, Stocks Overlook Housing Data [View article]
Well Larry, I'm really a bear but you gotta go with the flow to play the game. When the Bernanke turns OFF the faucet and the big boys turn on the market, I will be there shorting too.
I was just making the point that for the last 3 years every bit of bad and worse news has been discounted as "NOT AS BAD AS EXPECTED"!!
I agree with you totally, sales are slowing, profit ratio's are dropping, Europe is broke, the U.S. is broke and China is slowing down - it's just a question of time when the sell off occurs.
Stocks Battle Back For Mixed Close [View article]
China is slowing down more and more and all the market can hope for is more QE so interest rates will stay low and there is no other place to put your money.
170 point turn-around, what a joke!!
Spain: A Very Different Fiscal Crisis [View article]
Ahhhhh those lucky Spaniards, they know that they are sunk, the U.S. is still an ostrich with its head in the sand!!
Oh and a comment to Stocknerd, I find your comments offensive and derrogatory. If your such an intelligent, sophisticated "LIBERAL" or not - one might find a better way to express himself.
If you are a liberal, and frankly who cares, you should be delighted that other people have the opportunity to love Nascar, no taxes, Jesus, business and the ALMIGHTY CAPITALISM!!!!!
Frankly I dream and live in any world I want whenever I want. And thank you Mr. Robert Kientz, I agree. You can change and mess up a bunch of things but if you f*ck with my freedoms anymore, I will be starting the NEW AMERICAN REVOLUTION.
Markets Erase Early Losses, End Mixed [View article]
Go figure, Spain and Greece will be in turmoil, Europe is entering a recession, China is slowing, the U.S. still has a residential real estate problem, mediocre retail sales, unemployment is about to start rising again, the whole world is bankrupt except for China, Germany, Brazil and a few others, and we have a stock market ballooned by the Fed gov't.
No matter how bad it smells in this crapper, people want to ante up more to enter!!
Reading The Treasury Tea Leaves [View article]
Government spending bubble over, foreclosures, super inflation, double dip recession......I'm gonna move to Greece, at least I know what the deal is there.
German factory orders fell 6.1% in February on an annual basis, after falling 4.9% in January. Economists had expected a slightly more moderate 5.5% fall. [View news story]
The Housing Market Has Bottomed [View article]
If every six months there are a handful of homes in your neighborhood that are sold at fire sale prices - do you think that they will have any impact on other homes being sold in the area?? I certainly do.
So the premise I believe is that until they dump all these houses, the housing industry is gonna take a beating and until all of these foreclosures are sold, the value of your home and my home will either stay flat where it is or continue to depreciate until all the foreclosures are gone.
Additionally my friend, there are less and less buyers in the market for new and resale even with interest rates at an all time low.
This housing problem can only get worse as time goes on.
Weighing The Week Ahead: Can Job Growth Be Improved? [View article]
It seems there is still a huge disconnect between small business and the big market. When small businesses still employ more than the big boys and there is no improvement with our businesses, how is the number suppose to go down??
The Housing Market Has Bottomed [View article]
-Housing permits down
-Housing starts down
-Housing sales down
-Housing refinancing down
-Sales of existing inventory flat
The only thing that is selling still is distressed property. Even with record low interest rates there is no more stimulation in sales or refinancing.
I don't know what you know about dumping product on the market hacker but remember we had to stop the Russians and Chinese from dumping steel on the U.S. market.
Imagine what happens when 9 million homes, some maybe in your very neighborhood, get dumped on the market. When these houses sell for 30%, 50% even 70% less than your house.
What do you think is gonna happen to the value of your house and your neighborhood??? Don't be foolish my friend, my facts are not wrong, you go back and check all the housing data last week and educate yourself!
Lennar was the only on that looked ok, all the rest were off their ALREADY LOW PROJECTIONS.
Markets Bounce Back From Early Losses [View article]
Markets Bounce Back From Early Losses [View article]
Stocks Cannot Shake Off Disappointing Durable Goods Data [View article]
The Housing Market Has Bottomed [View article]
Interest rates at an all time low and refinancing has dropped off the map. New home sales down, existing home sales down, permits down, housing starts down, foreclosure and short sales up.
There is no bottom yet and won't be for years to come.
Stocks Cannot Shake Off Disappointing Durable Goods Data [View article]
I think the camel's back is gonna break pretty soon!!
Boosted By Bernanke, Stocks Overlook Housing Data [View article]
I was just making the point that for the last 3 years every bit of bad and worse news has been discounted as "NOT AS BAD AS EXPECTED"!!
I agree with you totally, sales are slowing, profit ratio's are dropping, Europe is broke, the U.S. is broke and China is slowing down - it's just a question of time when the sell off occurs.
Boosted By Bernanke, Stocks Overlook Housing Data [View article]