mkttrdr

Are Markets Headed for an 800-Point Blow-Off Day?

Yes-but is it up or down?

Market Destruction: Mass Media Finally Catching On?

And McCain-Palin would have been any Better?
What do you think they would have done?
Puppets are pulled by strings!
Ask who is pulling the strings to get answers.


On Nov 13 12:03 PM doubleguns wrote:

> Excellent article. In a nut shell it's all corrupt in Washington.
> Our elected leaders continue to allow this while distracting us with
> Obamacare, Knee cap and triage, war bickering and the list goes on.
>
>
> Obviously the press (sheeple with press badges) continue to worship
> BO (with very few exceptions) and will continue to fail to report
> anything too critical until things have gotten to a point of no return.
> They at least TRIED to keep Bush in line, well.... at least made
> a good showing. Not now!!!
>
> Don't believe that this administration has a monopoly on the corruption
> either. If it comes from Washington its corrupt.

Are Stocks Making a Major Top?

Great job, comments are on the top but 2 days or 2 weeks early.
My 10300/1100 target is in so next week S&P could hit 1060.
Forecasting is never easy-just a guide for walking in the forest of trees.

John Hussman: The Second Wave Begins

Thanks John,
The stimulus will eventually trickle down and create jobs. But, Not enough to get the economy back on it's feet. My concern is when the Fed decides to raise rates. How much impact to housing will this cause? After July 4th 2010 is about when I expect this troubling hike!

'Sell in May and Go Away' Meant Taking a Loss in 2008

The markets have done the opposite of what history has foretold. Therefore, sell it all now for there is no xmas rally coming. The casino never closes.

How Bloomberg Fabricates U.S. Housing Numbers

Now that's what a reporter should do.
Great job again Jeff.
The truth hurts but at least we are alive and can deal with it.
20 Million homes that no one pays property taxes on!
Stew on that.

Mark Zandi: 'Help Wanted' Needs Help

lol
Don't know if the Gdp numbers , which was pumped up by stimulus, tell the whole picture. All the WH and Hill wanted to say was the great recession is over. Big deal-big words. But...
Not by a long shot. Enjoy the double dip. The consumer will never spend the ways of the past. Small companies employ 75% of all workers; and they are cutting corners, costs and jobs. Limited credit lines w/ high corporate/business taxes in the US are destoying the recovery. Flat tax of 20% would make cents!

Fantasy Housing Numbers a Prelude to the Next U.S. Crash

Are you asking me personally?
It sounds like moi.


On Oct 28 05:06 PM gnosis988 wrote:

> Talked to a business partner who is deep in the real estate business,
> works with banks, escrow companies, etc. Confirmed that banks are
> holding onto millions of foreclosed units and not releasing them
> into the market. They know it would flood the market and cause a
> collapse. But new accounting rules do not require a mark to market,
> so they hold it... but early next year, they will have no choice
> but to start releasing some of the units. Many of these are from
> conforming loans in better neighborhoods.

Fantasy Housing Numbers a Prelude to the Next U.S. Crash

IRS requires no documented proof for this credit. NO proof of a home purchased!
Just fill out a form. Yep, i'm a 1st time buyer; Get your credit-but only if you pay taxes and income is within a certain range!
Fantasy?


On Oct 28 11:53 AM Living4Dividends wrote:

> Caveat:
> The only thing they have done for homeowners is a $8000 credit. It
> is very restrictive. You only get it if you are a new homeowner,
> etc, etc. It does not help existing homeowners (unless they sell).
>
>
> $8000 for a $160,000 house is 5% of the purchase price
> $4500 for a $18,000 car is 25% of the purchase price.
>
> According to the government, cars are more important than houses.
>
>
> When the banks foreclose on the houses, the people can sleep in their
> shiny brand new cars.

U.S. House Prices Could Fall Another 10%

Agree 10-20% more down.
The truth hurts!
I was not happy to tell many of these facts to my local business network, Realtors and NAR members in a meeting back in 2004 before this mess started. The majority said Im nuts and dont call/talk to me now. Yes, I saw it coming early. I'm educated and a business owner who understands basic economics. It's common in most economic cycles to have peaks and valleys. Gravity is real; and so is greed.
Our Leaders, Realtors and the NAR don't want to realize facts, figures or hear the negative tilt I know. Our housing will improve, but not until 2015. Hang on. 2010 is going to make 2007 and 2008 look good.
Our IRS requires no-NO documentation for the 1st time tax credit.
Are we on fantasy island?

Fantasy Housing Numbers a Prelude to the Next U.S. Crash

Great details Jeff.
The truth hurts!
I was not happy to tell many of these facts to my local business network, Realtors and NAR members in a meeting back in 2004 before this mess started. The majority said Im nuts and don

Wells Fargo Earnings: First Leak in the Dam?

Most of you readers don't want to know how bad it really is. If so, you would dump all assets and dollars today and seek shelter. 2010 and 2011 will open your eyes.

Read the last sentence folks-our friends on the Wall , in DC and the WH have destroyed us. All that's good and left in the US is this rally in the stock markets. I Expect this to continue til the last man is standing.
I hate to say it, but this is the only way the Goons in power can think of...By creating wealth and preventing financial panic.
The days of free markets are over! We are a welfare country. And remember, our housing and auto (sales/production)markets fall in the fall.
Get your shovel ready! The real war hasn't started yet.

Housing Is Moving Towards Disaster

Thanks John.
2010 will be another big year for more of the same...Foreclosures, REO's , short sales and BPO's. That's good for my businesses, but bad news for Americans. No one seems to know the market or its price and when the bottom hits. 2015 is my target; 2 years of current inventory, more coming(banks have been holding back), owners and economy struggling, government intervention and a 17% real unemployment take time to turn around.

Are we, the taxpayers.... buying the garbage loans on the books; where are those bank loses? That too is coming. Plus, the credits to 1st time homeowners who have no idea of the ownership responsibilities, makes me believe that 15% of those will be delinquent. Half of that will be future foreclosures and short sales.

Ah, the Kids are in school now, so most of the buying is in for 2009...and a long winter is around the corner. Hey, we are getting older too; so some of us (myself included )wonder, are the 2nd homes (3rds etc) worth the holding costs? And you thought that having your mortgage paid off was a good idea! Good luck getting the equity line or a cash out refi. Expect more of the same for years to come.

The Most Expensive US Market Of All Time

Rally will carry us to Mid Jan...so....
enjoy the trend for that too will end... but not yet...not yet!

IF is a big word.
IF the s&p gets over 1082 if it passes 1100 if it passes 1175
but it certainly Mr Mkt wont get beyond 1250 w/out fundies after the Xmas rally;happens 90% of the time..
NO-don't fight the Fed or the trend!

Insiders Confirm: Rally Is Fake, Economy Is 'Getting Worse'

As a business owner, I must agree that business is still falling. Credit is still tight and banks refuse to lend to the worthy; yet they lend to 1st time home buyers that put down less than 10%. Geezz!

Hello-next wave of no equity homeowners are just a year away from foreclosure.

Legone's right too. Retail is dying.
Govt is lying and economy is not creating jobs!

I Spent the weekend golfing w/ a hedge fund manager of $4B. and he said they are slowly selling out of their positions for capital preservation purposes. It tells me to conserve and preserve for now; and that most of the mkts appreciation is baked in. S&P1100 and 10500 Dow is tops for me! Will it make it there?