Nice article..well thought out and balanced. I figure that house prices have may have bottomed or stabilized in some of the most decimated markets in the country . I just do not see much if any appreciation for some years to come. Lets watch how the realwhores try to start the pump fest again. I sold some properties back a few years ago after buying them in the mid 1990's. As you explained about sales and hosue prices, this happened in the early mid 1990's housing market. I bought properties in 1994-1995 at lower prices eventhough more sales occurred. This was the biggest bubble ever so the hangover is going to last mlonger than the past housing bubble. Anyone thinking that they are gojng to hold off trying to sell their house until next year or the year after and prices will be back up again are fantasizing.
What a mismanaged company? Immelt was rolling over $100 bil in short term paper before the credit meltdown to fund this colossal bloated debt ball. Does that sound prudent? How do these losers make it to the top of corp america?
The Problem with Loan Modifications [View article]
These loan modifications are total BS. Homedebtors need to be foreclosed on so price discovery can run its course. This talk of affordability is non-sense. Many areas are still over priced vs local incomes in comparision to historical norms. Home prices need to fall to afordable levels. What is wrong with this? Housing is a place to live not a place to speculate and be a debtor. Housing is to high a part of incomes still and must fall so families can afford to live. The realwhores will fight this all the way down. They have lost all credibility and should never be trusted by home buyers again. so go out and abuse a few realwhores today.
Since this is the largest rebound off the bottom ever, one has to wonder how long it can last. Recent article: "State Street Index: Investor Confidence Surges to Five Year High" Institutional Investors jumping in. Is this just another indicator that we are near the end of this big pop? I have decided that it is and have been slowly selling things into this huge rally. How can the economy come back to its former levels of economic activity with all this phoney credit expansion and debt no longer around?
I studied omn extensively in the past and wondered why klarman owned such a large position. From what I can gather he lost alot on this investment imo. I always wondered how klarman achieved such high retuirns looking at his holdings the last several years. Many appeared to be dogs unless he is some great trader of these as they bounced around.
75% of cos have beaten estimates..well we know that in many cases analyst regurgitate guidance from mgt and cos guide expectations. Kind of a weak article Leeb, but as you left out such data as unemployment and those falling off of unemployment and applying for erxtended benefits rising. The economy needs to undergo a major restructuring...from a con sumption and credit based economy to one more balanced with mfg and savings. It is gong to be a painful process sicne the govt continues to meddle with the economy and kick the can down the road and will not allow the economy tio correct the excesses of the past.
It is grreat to see the realwhores whining. These thugs pumped up and spinned the data. While putting themselves out as experts which is a total laugh. How many families were talked into houses cuz they would be priced out? What a disgraceful bunch.
Having lived through a bunch of recessions, Ben Stein says this time really does feel different: "The suffering among individuals and families close to me is incomparably worse than I have ever seen it before." [View news story]
This is the same dolt that said financials were a bargain of a lifetime in Sept 2007 and was pumping Merrill at about $67. LOL!!
These big mouths are out of touch with reality and the common public. FOLKS the country is in dire situation. Oblama and huis propaganda team are working ovetime to convince the broke public they are solvent.
Notes from White Mountains Insurance Analyst Day, Part I [View article]
Question why then clowns running this insurance company get so much in compensation for making so many mistakes? Barrette should hand back that $10 mil comp check! DISGRACEFUL! NO wonder bufett dumped this one.
Has the Housing Market Hit Bottom? [View article]
Lets watch how the realwhores try to start the pump fest again.
I sold some properties back a few years ago after buying them in the mid 1990's. As you explained about sales and hosue prices, this happened in the early mid 1990's housing market. I bought properties in 1994-1995 at lower prices eventhough more sales occurred.
This was the biggest bubble ever so the hangover is going to last mlonger than the past housing bubble. Anyone thinking that they are gojng to hold off trying to sell their house until next year or the year after and prices will be back up again are fantasizing.
How Much Longer for This Rally? [View article]
since july 1st. compared to last year same period
Fitch Report: Financial Companies Hold 99.7% of All Derivative Contracts [View article]
The Hammer
Fitch Report: Financial Companies Hold 99.7% of All Derivative Contracts [View article]
How does this S$#! continue to fester?
GE Capital: Next CIT? [View article]
How do these losers make it to the top of corp america?
The Problem with Loan Modifications [View article]
Home prices need to fall to afordable levels. What is wrong with this? Housing is a place to live not a place to speculate and be a debtor. Housing is to high a part of incomes still and must fall so families can afford to live.
The realwhores will fight this all the way down. They have lost all credibility and should never be trusted by home buyers again. so go out and abuse a few realwhores today.
Why 'Investor Intelligence' Is an Oxymoron [View article]
what about institutional investors? sheep too?
Two Big Bounces: 1929 vs. 2009 [View article]
"State Street Index: Investor Confidence Surges to Five Year High"
Institutional Investors jumping in. Is this just another indicator that we are near the end of this big pop?
I have decided that it is and have been slowly selling things into this huge rally.
How can the economy come back to its former levels of economic activity with all this phoney credit expansion and debt no longer around?
Baupost Sells Out of Omnova [View article]
How Much Longer for This Rally? [View article]
Kind of a weak article Leeb, but as you left out such data as unemployment and those falling off of unemployment and applying for erxtended benefits rising.
The economy needs to undergo a major restructuring...from a con sumption and credit based economy to one more balanced with mfg and savings. It is gong to be a painful process sicne the govt continues to meddle with the economy and kick the can down the road and will not allow the economy tio correct the excesses of the past.
State Street Index: Investor Confidence Surges to Five Year High [View article]
NAR Keeps Whining About Appraisals [View article]
What a disgraceful bunch.
Shun Stocks, Buy Bonds? I'm Not Convinced [View article]
ring ring ring
Having lived through a bunch of recessions, Ben Stein says this time really does feel different: "The suffering among individuals and families close to me is incomparably worse than I have ever seen it before." [View news story]
These big mouths are out of touch with reality and the common public. FOLKS the country is in dire situation. Oblama and huis propaganda team are working ovetime to convince the broke public they are solvent.
Notes from White Mountains Insurance Analyst Day, Part I [View article]
Barrette should hand back that $10 mil comp check! DISGRACEFUL!
NO wonder bufett dumped this one.