The bears could lose control of the market this week, Jim Cramer says, and if they do, be prepared for a blastoff in cloud computing; breakouts in areas such as railroads, insurers and auto parts; and a bottom in the big banks and home builders. [View news story]
Seven ETFs to Invest Like Peter Schiff [View article]
I have to say, I love the youtube videos of Schiff making Ben Stein and the rest of the financial shills look like a horses' asses. Here's one... enjoy.
Seven ETFs to Invest Like Peter Schiff [View article]
I think he is spot on with regards to gold. But he is wrong as far as treasuries. The worse things get globally, the more frightened the world will become and they will flock to the US dollar and treasuries as the ultimate safe haven.
I think the buzz word after the next big drop will be... stagflation. It's happening now. You can see it all around us but no one seems to want to talk about it.
Investors should buy large-cap, dividend-paying stocks like Exxon Mobil (XOM) and Johnson & Johnson (JNJ) rather than settle for paltry yields from Treasurys and municipal bonds, Loews (L) CEO James Tisch says. “Who would have thought five or 10 years ago that a 3% yield on a stock would be a good yield? But today it’s a very good yield." [View news story]
You're right about XOM as an inflation hedge... if half of your capital doesn't get wiped out with a huge stock market decline before inflation really hits.
Market recap: Bargain hunters pushed stocks up a bit after early losses from weak reports on new-home sales and durable goods orders. Oil prices rallied along with stocks, gaining 1.2% despite bearish inventory data. Yet energy producers were among the worst performing stocks, and home builders were among the best. On the NYSE, advancers led decliners three to two. [View news story]
"Bargain hunters pushed stocks up a bit after early losses from weak reports on new-home sales and durable goods orders."
Do you people actually believe the tripe you write?
So the U.S. is inevitably headed for a Japanese liquidity trap? Not so fast, says Credit Suisse, which has nine reasons why America isn't turning Japanese. [View news story]
That article was ludicrous. Our housing market has not yet hit bottom and our banks have not even come close to writing down all of their losses. And they left out one thing that we wish we still had. A manufacturing base... which Japan does and did.
Yves Smith ridicules the notion that below-book value bank stocks are cheap, noting that bank earnings involve substantial "artwork" even in good times and are especially problematic now. The biggest banks are carrying large portfolios of second mortgages at "implausible" valuations, she says, and risky assets are carried "at marks well in excess of their likely long-term value." [View news story]
Yep. And she isn't even mentioning all of the CDS's tied to those first and second mortgages.
Credit card delinquency rates fell in July and are now at their lowest levels this year, indicating that consumers are doing better at managing their debts. Capital One (COF), Discover (DFS), JPMorgan Chase (JPM), American Express (AXP) and Bank of America (BAC) each reported lower delinquencies and charge-offs. [View news story]
It's amazing how many bills you can pay when you stop paying your mortgage.
And once again here is a link to an article by Mish detailing how the bubble is already starting to burst, and how homes and condos are now 22 times a typical person's income but they are all taking out shark loans which are basically loans from communities and families to buy anyway, hoping things don't go bust before they can get out.
The bears could lose control of the market this week, Jim Cramer says, and if they do, be prepared for a blastoff in cloud computing; breakouts in areas such as railroads, insurers and auto parts; and a bottom in the big banks and home builders. [View news story]
Seven ETFs to Invest Like Peter Schiff [View article]
www.youtube.com/watch?...
Seven ETFs to Invest Like Peter Schiff [View article]
I think the buzz word after the next big drop will be... stagflation. It's happening now. You can see it all around us but no one seems to want to talk about it.
Investors should buy large-cap, dividend-paying stocks like Exxon Mobil (XOM) and Johnson & Johnson (JNJ) rather than settle for paltry yields from Treasurys and municipal bonds, Loews (L) CEO James Tisch says. “Who would have thought five or 10 years ago that a 3% yield on a stock would be a good yield? But today it’s a very good yield." [View news story]
Market recap: Bargain hunters pushed stocks up a bit after early losses from weak reports on new-home sales and durable goods orders. Oil prices rallied along with stocks, gaining 1.2% despite bearish inventory data. Yet energy producers were among the worst performing stocks, and home builders were among the best. On the NYSE, advancers led decliners three to two. [View news story]
Do you people actually believe the tripe you write?
Bull Markets Begin When You Least Expect Them [View article]
So the U.S. is inevitably headed for a Japanese liquidity trap? Not so fast, says Credit Suisse, which has nine reasons why America isn't turning Japanese. [View news story]
Yves Smith ridicules the notion that below-book value bank stocks are cheap, noting that bank earnings involve substantial "artwork" even in good times and are especially problematic now. The biggest banks are carrying large portfolios of second mortgages at "implausible" valuations, she says, and risky assets are carried "at marks well in excess of their likely long-term value." [View news story]
Credit card delinquency rates fell in July and are now at their lowest levels this year, indicating that consumers are doing better at managing their debts. Capital One (COF), Discover (DFS), JPMorgan Chase (JPM), American Express (AXP) and Bank of America (BAC) each reported lower delinquencies and charge-offs. [View news story]
China: The Mother of All Bubbles [View article]
This Is Not Behavior Befitting a Bear Market [View article]
seekingalpha.com/artic...
This Is Not Behavior Befitting a Bear Market [View article]
High Conviction: Tide Is Rising for the Global Shipping Sector [View article]
China: The Mother of All Bubbles [View article]
globaleconomicanalysis...
China: The Mother of All Bubbles [View article]
www.youtube.com/watch?...