stockmarketadvantage

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    • Sat Sep 20th 00:44 AM | Rating: 0 0
      Commented on:
      Closed End Fund Fire Sale
      At mid-week closed ends (CE) were trading at discounts I had never seen before in my life. I bought 15 different CEs on Wednesday (9/17) and Thursday (9/18). On Friday (9/19) at the market's close my average gain was 13%. It was like finding a pile of money on the sidewalk waiting to be picked up.
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    • Sun Sep 14th 07:20 AM | Rating: 0 0
      Commented on:
      How Much Have our Real Estate Assets Gone Down?
      If accurate, that is a shocking chart.

      If wealth destruction like that doesn't put us in a serious recession, nothing will.

      A frightening thought just entered my mind....Nouriel Roubini might be downplaying the risks.
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    • Sun Sep 14th 07:14 AM | Rating: 0 0
      Commented on:
      eBay Is a Losing Bid - Barron's
      Barron's is right about 50% of the time so I would take their views with a grain of salt. Ebay is still the site many people use to search for the "real" going price of an item. I'm sure the smart people at Ebay have backup contingencies if the new software doesn't go quite according to plan. The future for Ebay is better than most in a slowing economy as people out of work attempt to sell their junk accumulated over many years to fuel their fireplaces.
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    • Sun Jun 15th 16:19 PM | Rating: 0 0
      Commented on:
      Timber: Shake the Money Tree
      Weyerhaueser (WY) is another large holder of timberlands. An article in Barron's estimated WY's timber assets alone were worth $59 a share. The stock has fallen since then.

      online.barrons.com/art...
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    • Fri May 9th 10:20 AM | Rating: 0 0
      Commented on:
      Homebuilder ETF Rises Despite More Bad Housing News
      The housing market worldwide during 2004-2006 was probably the biggest financial mania ever in terms of its financial and geographic scope. It will take many years to form a good base to recover from. In the meantime we'll have tradeable rallies from time to time which are doomed to fail. This is just one of them.
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    • Tue Apr 29th 23:24 PM | Rating: 0 0
      Commented on:
      The Usual News: Home Price Data Remains Grim
      The worldwide housing bubble was probably the biggest financial mania in history. Anyone who thinks the decline is over hasn't examined the facts. It will be years before housing stabilizes. In the meantime, there will be false bottoms as there are in any bear market and we are in a secular bear market for housing!
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    • Fri Apr 18th 23:08 PM | Rating: 0 0
      Commented on:
      U.S. Dollar Rallies On U.S. Corporate Earnings
      These recent positive earnings reports tell us nothing about the future. There is still a massive inventory of unsold homes...not just here, but in Europe also. This does not bode will for future earnings as the consumer gets squeezed further by falling home equity and rising gas prices. The recent breakout of the equity market looks like a giant sized sucker rally.
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    • Tue Apr 15th 00:03 AM | Rating: 0 0
      Commented on:
      Ultra and Inverse ETFs: The Downside of Doubling Up
      Some have mentioned that the ultrashorts don't perform as advertised. I have an interesting example. SRS (which I own) closed at 85.18 on 4/3/08. Back on 10/15/07, SRS closed at 86.27. IYR closed at 77.50 on 10/15/07 and closed at 69.99 on 4/3/08. SRS is supposed to be a double short of IYR. Does anyone else see a problem with these numbers? It appears that there is a lot of slippage in the SRS. More than the approximately 1% annual expense ratio.
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    • Sun Apr 13th 09:08 AM | Rating: 0 0
      Commented on:
      GE Drops a Bomb, But Options Traders Are Cautiously Optimistic
      Sharesunited, the seasonal pattern of market strength has been certainly turned on its head that past 5 months. The May through October period should be interesting.
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    • Sat Apr 12th 00:26 AM | Rating: 0 0
      Commented on:
      Weingarten Realty REIT: Strong Yield, Safe Property Portfolio
      If we go into a deep recession such as that forecast by Peter Schiff and Nouriel Roubini you definitely do not want to invest in retail REITs such as this one.
      View article »
    • Sat Apr 12th 00:10 AM | Rating: 0 0
      Commented on:
      Regional Bank Failures: The Next Shoe to Drop
      I live in Florida and every other corner in the past 3 years has had a new bank branch put up. There are more bank branches than Walgreens or CVSs. If some of them fail it will be no great loss.
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    • Sat Apr 12th 00:06 AM | Rating: 0 0
      Commented on:
      GE Drops a Bomb, But Options Traders Are Cautiously Optimistic
      The market has been strangely immune to bad news that shows the economy is worsening. Are mysterious forces at work, or do the mass of investors feel the economy will turn around by year-end? Today may mark a turning point where rational thought results in substantially lower prices for equities.
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    • Sat Apr 12th 00:02 AM | Rating: 0 0
      Commented on:
      As Confidence Drops, Americans Shop Cheap
      The Wall Street analysts claimed that high gas prices were hurting Walmart a few months ago. Now that gas prices are at new records, Walmart is one of the strongest stocks. Once again the analysts have proven that they aren't worth listening to.
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    • Mon Apr 7th 19:01 PM | Rating: 0 0
      Commented on:
      Housing Market Tracker - A Few MLSes Showing Price Stabilization, Most Don't
      I was one of the many who attended the foreclosure home auction run by the Real Estate Disposition Corp. (REDC) on Saturday in Tampa. I stayed long enough to observe the disposition of 49 of the more than 100 properties auctioned off which sold for about 45% off the “previously valued to” price.

      It was interesting to note that there were no homes auctioned off in the area I would have been willing to place a bid; basically north Tampa, Lutz and Land O’ Lakes. This is a highly populated area with lots of homes for sale.

      This indicated to me that there will be a lot more of these auctions in the future and prices haven’t come close to hitting bottom.
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    • Mon Apr 7th 09:01 AM | Rating: 0 0
      Commented on:
      Housing Market Tracker - Homebuilders Criticized for Benefitting From Foreclosure Bill
      On Saturday I attended a foreclosure home auction run by the Real Estate Disposition Corp. (REDC). I stayed long enough to observe the disposition of 49 of the more than 100 properties auctioned off. The average sales price was $129,000. The average "previously valued to" number was $234,000. This was a 45% haircut.

      I didn't inspect any of the properties, but afterwards drove by several higher priced condos in Clearwater Beach that had been auctioned off. They were very nicely situated with water views and the building was only 2 years old. If you drive up and down Gulf Blvd. you'll find numerous condos still being constructed.

      It looks like we've only seen the beginnings of the price declines yet to come.
      View article »
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