Niner

NAR's Lawrence Yun was surprised at the size of the gain in home sales, which he thinks may be a sign of last-minute buying before the homebuyer tax credit expires: "With such a sale spike, a measurable decline should be anticipated in December and early next year before another surge in spring and early summer."

I can believe it was in anticipate of the expiration that was postponed. But, where did all this money come from if everyone broke? I have to wonder if people are just sitting on their cash waiting for the right bargain to come along. Someone had to have some money to buy these houses with. I'm sure the "Low/no downpayment home loans" were scarce in the past month or two. I'm not saying this will happen; but, is there a point when the consumer reaches a confidence level that he feels free to make purchases.

Harvard professor Brandon Adams says some of the best potential traders are professional poker players: "They’re used to skirting the edge of ruin and they learn the tools of how to do that." If so, maybe Wall Street recruiters should be looking here and here.

I'd bet you will find a greater percentage of Poker players who play by the rules than you will find Execs working on Wall St that do the same.

Harvard professor Brandon Adams says some of the best potential traders are professional poker players: "They’re used to skirting the edge of ruin and they learn the tools of how to do that." If so, maybe Wall Street recruiters should be looking here and here.

".... lowest common denominator of society...."

Who the hell are you? God!

Three Democratic senators could vote against the healthcare reform bill in the Senate, which would scuttle the bill.

I for one am for health care reform. Just not this reform package. I hope more than 3 vote "nay".

A good solid defeat would hopefully lead to a total rewrite.

Sure, someone may have made a lot of money on 3Com (COMS) options as its acquisition by Hewlett-Packard (HP) was announced, but insider-trading conspiracy theorists are ahead of themselves, says Ultimi Barbarorum. Options deals are lumpy by nature, and it could just be short covering at work.

If it is just short covering,,,,the principles have nothing to worry about. Investigate and clear the air.

Intel (INTC) boosts its quarterly dividend by 12.5% to $0.1575. "With one of the highest dividend yields in the technology industry, the dividend increase is another sign of our confidence in business prospects going forward," CEO Paul Otellini says. (PR) Shares +1% premarket.

If more companies begin raising dividends, you Bears better cover your short little tails!

After a sensible call for a jobs summit, "President Obama’s Herbert Hoover-like alter ego has re-emerged again to warn us again about the evils of government deficit spending." An argument why deficit terrorism isn't the answer.

Let us not forget that George Walker Bush took office with a surplus. Immediately gave it away to his rich buddies and supporters so they could open secret bank accounts overseas.


On Nov 14 10:36 AM Mike from NYC wrote:

> With your myopic vision you would have us believe that Obama created
> all the deficits and all the problems facing the USA in less than
> one year.
>
> For more than 30 years failed leadership, both political and economic,
> has led us to this point in time.

Another daily gain makes a nice finish for stocks that gained for the second straight week. For the week: The Dow up 2.5%; S&P 500 up 2.3%; Nasdaq up 2.6%.

Oh by the way, I wouldn't be surprised to see a pullback next week to say 9950.

Another daily gain makes a nice finish for stocks that gained for the second straight week. For the week: The Dow up 2.5%; S&P 500 up 2.3%; Nasdaq up 2.6%.

If I were you, I'd hurry up before after hours trading closes and sell all my long positions and short everything I could get my hands. That way you'll be ready for next week.

A quick question. How many runs were scored in the recent World Series. Did the Yankees pull off a high volume or a low volume win? High or low the Yankees still won. High volume or low volume, the Indexs are up. Not one but two weeks in a row. Low volume seems to be the nature of this rally.


On Nov 13 04:27 PM Archman Investor wrote:

> Oh please for crying out loud.
> Stock finished up on 60% of the average daily volume. They are right
> were they were last week, unable to break above the breakdown gap
> of last October. This past weeks rise was on declining volume. <br/>50/50
> shot we head lower next week and retest the bottom of that channel-
> SPY 103.56.
> There is a major light volume war going on between the Goldman HAL9000
> computers and everyone else to see who (the bulls or bears) win out
> at these levels.
> Will be worth watching next week.

Emerson Electric (EMR) CEO David Farr says - pointedly - he will keep focusing on growth overseas: "Washington is doing everything in their manpower, capability, to destroy U.S. manufacturing." The company has eliminated more than 20,000 jobs this year. "What do you think I am going to do? I’m not going to hire anybody in the United States. I’m moving."

I don't have any sympathy for Emerson or any other large corporation. They want all the benefits of being a US corporation without any of the responsibilities. Drop kick their Corporate charters out the door and let them incorporate in Myanmar, Vietnam or Cambodia or whatever third world country they get their 50 cent an hr labor. Then when China starts dumping goods in the US who are they going to bitch too. These companies don't think a thing about stabbing the American people in the back and cry to high heaven if they are the least bit offended. It's not just the Banks raping the US it's darn near every business going. The CEO's don't care how many people they destroy as long as they keep their 100 million dollar salaries! I'll tell the corporations the same thing I'll tell everyone else, "if you don't think you can live in this country as it is, fine, pack your bags and get the hell out." The current administration was elected by an overwhelming majority. If the majority of the people don't like this administration 3 years from now, vote 'em out.

Yahoo (YHOO) chief Carol Bartz says the company is done with cost-cutting, and is now looking to hire. Bartz told CNBC Q4 is indicating growth, and added she expects regulatory approval for the search-ad deal with Microsoft (MSFT) in Q1.

Bears feel free to comment......

Beazer (BZH): FQ4 EPS of $0.87 vs. consensus of -$1.24. Revenue of $376M (-42.1%) vs. $338M. Cancellation rate of 34.7% vs. 46.3% a year ago. "We experienced some moderation in negative market trends, with attractive interest rates, historically high housing affordability and the federal tax credit attracting more prospective buyers to purchase a new home. Nonetheless, elevated unemployment and rising foreclosure activity make it difficult to predict when and to what extent the housing market will sustainably recover." Shares +10.5% premarket. (PR)

What kinda Bear Sh_t we got for this one. Is it possible the housing market is beginning to settle down, level out or maybe even beginning to turn up? I know what it is! Beazer lyes.

JA Solar (JASO): Q3 EPS of $0.10 beats by $0.07. Revenue of $193M (+119.7%) vs. $136M. Shares +9% premarket. (PR)

Any Bears care to comment?

Tyco International (TYC): FQ4 EPS of $0.61 beats by $0.07. Revenue of $4.42B (-16.3%) vs. $4.32B. (PR)

wheres's your comment on Jason Solar? Q3 EPS of $0.10 beats by $0.07. Revenue of $193M (+119.7%) vs. $136M. Shares +9% premarket.

Jaso beat a positive earnings consensus and had a 120% increase in revs. What's your comment on this. The 4th quarter song; "Who couldn't show an increase in reveue over last year".

Tyco International (TYC): FQ4 EPS of $0.61 beats by $0.07. Revenue of $4.42B (-16.3%) vs. $4.32B. (PR)

You Bears never point out any thing positive. There have been Earnings reports that not only had the company showing a profit but also having an increase in revenue. I didn't see either one of your friggin' names on post on those. The only thing I can think is you're pissed caused the market isn't tanking.

Here's a repost of one of my posts from last week.

You Bears bitch about everything. The Bears song last qtr was "you can't count earnings' beats just because they weren't as bad as expected." Now this qtr the song is "they may have made a profit but they still have declining revenues." Now we get the first verse of the new Bear song "of course revenues are up from the crisis ridden qtr of last year, who couldn't beat those figures."

It is happening right in front of your eyes and and you Bears just don't want to see it. I'm sorry, but no matter how badlly you Bears want the economy to come crashing down around our heads. It isn't going to happen. It started when Companies didn't lose as much as they thought they would. It continued when Companies beat positive earnings consensus (read made more profit than expected) in the 3rd quarter. It will continue this quarter with revenues increasing over last years admittedly depressed levels. It will increase because, Compaines like Ford, Daimler and Porsche will have sales increases of over lst years admittedly depressed levels. Things will continue to get better, probably at a very slow rate until we get into the next bubble whatever it happens to be. You Bears ought to get your heads out of your rumps and look around. It ain't pretty yet; but, it is getting better. I not telling you it is going to be as bed of roses either. We are all in for some tough times still. But, the economy is getting better. We will survive!