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Richard Suttmeier

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  • Weak Housing Starts Point to Double-Dip [View article]
    I don't argue with your points but there is always a straw that breaks the Camel's back.
    Jun 18 08:04 AM | 0 Likes Like |Link to Comment
  • Weak Housing Starts Point to Double-Dip [View article]
    What happens in a Hurricane?
    Jun 17 10:42 AM | 0 Likes Like |Link to Comment
  • Weak Housing Starts Point to Double-Dip [View article]
    Exactly - That's my theme. Jobless Claims well above 350,000 is a real warning as well.

    When the NBER time-stamped the Recession for December 2007 the unemployment rate was 4.6%. That's when Jobeless Claims climbed above 350,000.
    Jun 17 08:43 AM | 1 Like Like |Link to Comment
  • Housing and Banking Are Front and Center as Markets Stabilize [View article]
    The problem is that all banks still have bad loans written in 2004 through 2006. The big banks had the luxury to move them into off balance sheet trusts. The small banks were not able to do that.
    Jun 14 03:07 PM | 0 Likes Like |Link to Comment
  • Housing and Banking Are Front and Center as Markets Stabilize [View article]
    I think the FDIC is having a hard time finding banks that have the capital to take over other failing banks. I also think that the FDIC does not want the Second Quarter failures to be higher than Q1 failures. There are now 41 in Q2 matching Q1.
    Jun 14 11:24 AM | 2 Likes Like |Link to Comment
  • Market Overview: Treasury Yields, Housing, State of the Recession [View article]
    One statistic I looked at is Jobless Claims. The 350,000 level seems to be the line in the sand for Recession.
    Jun 13 05:06 AM | 0 Likes Like |Link to Comment
  • Housing, Banking Headed for 'Great Credit Crunch II' [View article]
    Keep in mind that the price of a home is still 50% higher today than at the end of 1999.
    Jun 11 05:16 AM | 1 Like Like |Link to Comment
  • Housing, Banking Headed for 'Great Credit Crunch II' [View article]
    No one is really focusing on the lack of lending by community banks. Half the banks can't lend because of bad real estate loans. There can be no sustained job creation until this stress is relieved and that may not happen right through 2012.
    Jun 10 02:39 PM | 3 Likes Like |Link to Comment
  • Housing, Banking Headed for 'Great Credit Crunch II' [View article]
    The auto companies gave deals and some offered zero percent financing.

    Maybe the homebuilders should offer rebates and a zero percent mortgages?
    Jun 10 02:36 PM | 2 Likes Like |Link to Comment
  • Market Overview: Treasury Yields, Housing, State of the Recession [View article]
    How can the NBER declare the end of Recession with unemployment between 9.5% and 10% when they declared the Recession with unemployment at 4.6%?
    Jun 10 11:31 AM | 0 Likes Like |Link to Comment
  • Stocks Are Undervalued; Problem Is Negative Technicals [View article]
    It's been consistent for me since 1984.
    Jun 3 05:24 AM | 0 Likes Like |Link to Comment
  • Stocks Are Undervalued; Problem Is Negative Technicals [View article]
    My models are based upon nine years of closes, which have proven to encompass all possible bullish and bearish events.
    May 28 02:37 PM | 1 Like Like |Link to Comment
  • My Take on Thursday’s Massacre [View instapost]
    You will likely buy the stock for pennies on the dollar.
    May 28 02:33 PM | 0 Likes Like |Link to Comment
  • The Dow May Not Bounce From the Next Dip Below 10,000 [View article]
    The ValuTrader Model Portfolio available at ValuEngine.com is 75% cash with an addtional 5.9% in the bank since July 2009.

    We have 15 Longs and 5 Shorts.
    May 26 07:56 AM | 0 Likes Like |Link to Comment
  • Are Housing and Banking Signaling a Double Dip? [View article]
    The latest FDIC Quarterly Banking Profile for Q1 2010 shows that the number of problem banks rose to 775 from 702. How many of the quarters 41 bank failures were on the list? If all were among the 702, then the list of problem banks actually increased by 113 banks in Q1. By the end of the year bank failures for 2010 will be at least 150 and could reach 200, and the Problem List will reach 1,000. Wall Street and those in the media do not see this as a problem.
    May 23 10:46 AM | 6 Likes Like |Link to Comment
COMMENTS STATS
164 Comments
100 Likes