Richard Suttmeier

Research analyst, banks, homebuilders, chartest
Richard Suttmeier
Research analyst, banks, homebuilders, chartest
Contributor since: 2009
Company: ValuEngine
I wonder about how many in Iowa caucused for Cruz not noing he is against the farm subsidy for corn for ethanol?
The problem is that savors will never make riskier investments including stocks. The economy suffers when savors can't spend. The FOMC is going to turn the US into Japan.
The strong dollar is a factor, but not last week. The euro set a low for the move at 1.25 on 10/03, jpy at 110.08 on 10/01.
Last week's issues were QE Fatigue as rally after Fed Minutes could not hold.
Investors are shifting to utilities and US Treasuries.
Friday's gap lower on SOX!
If you send me an email to gmcreports@aol.com I will add you to my email list. The stories I write on TheStreet.com explain value levels, pivots and risky levels.
Richard Suttmeier
813-929-9702
As you close below a key level you seek the next one.
Once you trade below a value level there is usually a lower value level and vice versa.
If Germany were to sell gold it would put downward pressure on the precious metals.
The Case - Shiller 20-City Composite started in 2000
The purpose is not to hold up home prices, but to help homeowners stay in their homes and to provide additional incentives for first time home buyers. In addition home owners current on their mortgage who fund the home via the IRA would have more money to pay for the higher cost of living.
My HOA allows homeowners to rent their homes. Two types of problems have occurred.

Some renters do not care about home maintenance and to save money might not run the lawn sprinkler system leaving the owner with the expense of a new lawn.
We had one situation where the owner was collecting the rent and was defaulting on the mortgage. After 18 months the renter was evicted by the bank.
Job creation will be difficult as long as the housing maket is in a Depression.
I agree with you. I am reporting the opinion of the NAHB.
The fundamental data points can be found at www.valuengine.com/.
My value levels, pivots and risky levels are derived by my proprietary analytics, which are based upon nine years of closing data. These models were developed between 1984 and 1987.
Buy and Trade Strategies for Long Positions
• Value Level – The price at which you establish an additional long position on share price weakness. This is done on a GTC Limit Order to buy weakness to the Value Level.
• Risky Level – The price at which you remove a single long position or reduce a multiple long position on share price strength. This is done on a GTC Limit Order to sell strength to the Risky Level.
Buy and Trade Strategies for Short Positions
• Value Level – The price at which you remove a single short position or reduce a multiple short position on share price weakness. This is done on a GTC Limit Order to buy weakness to the Value Level.
• Risky Level – The price at which you establish an addition short position on share price strength. This is done on a GTC Limit Order to sell strength to the Risky Level.
The ValuEngine Valuation Warning of February 18th proved to be at a tradable high and could be a cycle high. So far the March 3rd was also tradable.
Longer term the first quarter of 2011 could turn out to be a multi-year selling opportunity, just as March 2009 was a multi-year buying opportunity. On March 5, 2009 there were 91% of all stocks undervalued and all 11 sectors were undervalued by more than 30%. MR MARKET should take note!
That obvious bad call ended in September and October when I called for Dow 11,235 by Election Day, on the prospect of a Republican House and Bernanke's call for QE2.
The last individual stock shorts in the ValuTrader model portfolio were covered back on June 3, 2010.
Now the bankers have US Treasury portfolios that are underwater, another reason not to lend.
When the Equity Game ends it will be as painful as 2000 and 2007.
At least the ISM readings have been improving, but Bernanke does not recognize how high the prices paid component is becoming.
I agree with you as well. Thanks for the comment.
This is difficult to measure as the number of banks has been declining for years.
More details provided in my January 10 post.
A close on the Dow below my annual pivot at 11,491 could begin a downward cascade.
What is the appraised value of your home from your County Appraisal Office? This is the most important home price barometer, as it is the basis of your property taxes. In most states including Florida tax bills are lower for 2011. Mine by nearly $2000. My resort condo unit on St Pete Beach had property taxes above $6000 in 2006 and below $3000 in 2011. There are benefits to lower home prices.
Lower property taxes will result in budget cuts at the state and local governments resulting in more layoffs and hence a slower economy.
If RR and Volcker goosed the stock market from 1982 to 1986 they created the environment for the Crash of 1987.
ValuEngine Valuations were extremely overvalued in October 2007 and we had the cheapest valuations I have ever seen in early March 2009. This year we had modest overvaluations in April, modest undervaluations in July and stayed undervalued until this month. As the 30-Year yield rose stocks became more overvalued.
My plan does not penalize responsible homeowners as they can reap the benefits of the program.
The problem is the fact that Other Real Estate Owned (OREO) has ballooned to a record $53.2 billion on the books of our nation's banks, up 338.2% since the end of 2007.
My Mortgage Modification Program is open to all homeowners even those current on their mortgage payments.
Any type of derivative that cannot be reconstructed back to the original loan should be banned. How many of these are in $236 trillion in Notional Amount of Derivative Contracts on the books of our too big to fail banks?
Perhaps homeowners with a sizable IRA could buy their own mortgage. The IRA would earn a much higher rate that US Treasuries.
And don't forget about the FDIC loss sharing agreement with the bank taking over a failed bank on Bank Failure Friday. The FDIC Deposit Insurance Fund is way underfunded.
That's the purpose of the Stress Tests.