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  • Dow 6500 in 6 months...Redux

    I started thinking about my recent post and tried to play the devil's advocate to see if I could counter my Bearish soul. While out for a walk, I actually came up with more reasons to be nervous.

    To continue from <a href="http://stockmarketsage... 6500 in 6 months...</a>

    1. Oil - What does a oil price rise do to the beaten up consumer? Around where I live the price has risen from $1.96 to $2.49 and this is during a recession when everyone is cutting back. I know that the weakness in the dollar isn't helping to bring oil down, but what if oil spikes and we get gas at $3.75 to $4.25 again? I seem to remember lots of reports tell us "XXX billions are being put back in the consumers wallet" as gas fell from $4 a gallon to $2, so isn't the inverse true? Isn't this a new tax the consumer "has" to pay in order to function?

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    May 28 10:18 am | Link | Comment!
  • Dow 6500 in 6 Months or Less..

    Home prices plunge almost 20%
    accelerated during the first three months of 2009, according to a report issued Tuesday.
    The S&P Case-Shiller National Home Price index, a bellwether of real-estate market direction, plunged a record 19.1% during the quarter compared with the first three months of 2008. That followed an 18.2% drop last quarter.
    The Case-Shiller 20-city index dropped 18.7% year-over-year, also a record. It fell 18.5% during the last three months of 2008. This index has plummeted 32.2% from its July 2006 peak and has fallen 32 straight months.
    The national index covers almost all homes sold throughout the United States and is reported quarterly while the 20-city index reports sales in 20 major metro areas and represents a cross section of the national market. The 20-city index comes out every month.
    “Declines in residential real estate continued at a steady pace into March,” said David Blitzer, chairman of the Index Committee at Standard & Poor’s in a prepared statement. “All 20 metro areas are still showing negative annual rates of change in average home prices with nine of the metro areas having record annual declines.”

    Unreal..how can it fall 18.5% last year, so you lost almost 20% of your home value, and then fall ANOTHER 20% to start this year? So if your home was worth $100, it was then worth $73.50 during the free fall, and now it is worth $58.80??

    How can you refinance? There is no equity left, completely wiped out 10 years worth of “your home value will go up 5-8% a year”…

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    Tags: DOW
    May 26 09:54 am | Link | Comment!
  • Is Man Love on Wall Street Okay?
    Man Love is very respected in many arenas in life. For example, in sports, men can wear their favorite athlete's jersey or hat and it is a sign of respect and appreciation for that athlete. There is never any ridicule or whispering about the state of someone's manhood just because they wear a replica jersey or uniform. The fact that you wear the Zubaz pants to match and might be over the age of 40 brings up a whole new set of issues, but we won't get into that.My question developed based on responses from two videos I had posted and got feedback on through video websites. Does Man Love have a place on Wall Street? Can you respect and admire someone to the point of openly professing your Man Love for them? I wrote in a previous article that Jamie Dimon was a "Hall of Famer" and a great CEO. I guess that was my little admission of Wall Street Man Love.The first video was a "tongue and cheek" video about the "5 Most Overrated Value Investors". It poked fun at Warren Buffett and Charlie Munger among other people, and pointed out that their track record since the age of 70 has been very ordinary. Watch here.www.youtube.com/watchThe feedback was overwhelming! The comments were personal and they were menacing. If you criticize the Oracle of Omaha, you are criticizing apple pie, Mickey Mantle, and Old Glory. I can only image what Doug Kass must hear when he walks the streets. Obviously, if you go against the flow of main stream Wall Street Man Love, you take your life in your hands.The second example of Man Love is the clear appreciation Jim Goldman of CNBC has for Steve Jobs and all things Apple. If you follow Jim, the reporter for Silicon Valley for CNBC, you will notice his IPHONE mapping system must not be working well , as Silicon Valley is defined as "Cupertino Ave and the surrounding buildings". The feedback on this video was pretty light hearted and fun, with such comments as "thank god for saying it" and "Who pays his check, Apple or CNBC?"Watch here..www.youtube.com/watchSo, where does Man Love fall on Wall Street? Is it okay to openly support your favorite company or bank leader? Bank leader will be a tough sell in this world, but what if you are a big John Mack or Jamie Dimon fan? Are JP Morgan shirts and Berkshire Hathaway replica jersey far behind? I have been beta testing a new software that predicts niche markets at The Internet Time Machine and I am going to have to get my dibs in for the first Dick Fund sweatshirt with the Ghostbusters' "not allowed" logo over his face. There could be a huge niche market for anti-Man Love Wall Street items!Better go check with them first...
    Tags: CNBC, Jim Goldman, Apple
    Apr 08 02:08 pm | Link | Comment!
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  • Is Man Love Okay On Wall Street? Check out the new video on Steve Jobs and Jim Goldman! http://tinyurl.com/cpf793
    Apr 30, 2009
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