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marketman54

marketman54
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  • New Home Sales: Trying to Make a Bottom [View article]
    Sales and supply are shocking to see.

    The supply doesn't matter. Who can get a loan?? If you can't sell your existing home, you can't move up.

    Now with the 20% down requirement, how many first time buyers will be able to get into a house?

    Next problem for the big home builders GL Homes, Lennar..... they all used the Chinese drywall and will be sued by tens of thousands of homeowners. This could put them out of business even if they don't sell another house.
    Apr 25 07:58 AM | 8 Likes Like |Link to Comment
  • Demystifying the Stress Tests [View article]
    Who cares what the government reports! They are going to sugar coat everything so that the market doesn't collapse!!

    Look, these are the banking problems:

    1. Existing toxic assets and their negative value.
    2. As unemployment continues to steadily increase there will be more mortgage defaults; credit card payment defaults; car loan and car lease payment defaults.
    3. Commercial real estate defaults will begin hitting the banks big in the next three months.
    4. Small and medium sized businesses are failing everyday and more will be defaulting on their loans.
    5. The business climate is so bad banks don't want to lend money.
    6. The banks get to practice VOO DOO accounting so who knows what is really going on.
    7. There is absolutely NO CLARITY in the financial system!

    Let's just say that logic plays no part in items #1 thru #5. When you get to change accounting practices to make your company look good and then the government comes out and tells you nothing - I think that this is plenty of reason to panic!

    Lets hope the analyst jump all over the stess tests when they come out for the 2nd quarter!
    Apr 25 07:48 AM | 3 Likes Like |Link to Comment
  • Geithner to Put Chrysler in Bankruptcy Next Week [View article]
    Shoot this sick animal and put it out of business and quit asking me to pay for it. No one is giving me money to prop up my business.

    Tell the unions to start paying out those great benefits they have for their unemployed.
    Apr 23 10:36 PM | 5 Likes Like |Link to Comment
  • Jobless Claims: Still Really Bad [View article]
    What is with you guys?? The numbers are gonna increase in gargantuan proportions, let me spell it out........Pick any industry and they will be laying off more people.

    Small business are closing right and left. This will continue forever.
    Who knows how many more will lose their jobs from the small business sector.

    The auto industry is grinding to a halt. We can be looking at 500,000 more people out of work.

    Commercial real estate is the next big crash. Again, thousands will lose their jobs.

    Our banks are going to get pounded again and there will be more mergers and more layoffs.

    Retail sales are terrible. More store closings and more layoffs.

    Manufacturing of every type is grinding to a halt. More layoffs.

    The only one hiring is the Obama Administration, get in line.

    Look at every unemployment report correction. The government intentionally skews the numbers so we don't freak out. Pretty soon we won't have a choice, we will freak out.





    Apr 23 10:29 PM | 2 Likes Like |Link to Comment
  • Five Factors Driving the Coming 'Transparency Squeeze' [View article]
    Any reported bank earnings are worthless. Hanky Panky accounting can make anyone look good.

    Folks the financials are going down : Phony accounting practices, existing toxic assets, greater unemployment creating more mortgage defaults, consumer credit card payment defaults, commercial real estate defaults, credit default swaps, no real lending going on, TOTAL LACK OF CLARITY IN THE BANKS!

    Why would anyone want to own these things??

    I agree with the author, play SKF on a day trading basis.

    Apr 22 08:35 AM | 6 Likes Like |Link to Comment
  • Can a Stock Market Meltdown Happen from Here? [View article]
    Folks, I am no expert but we have so many things going against us. Just consider all of the following items and ask yourself if this next crash is not totally feasible!

    The Obama administration is printing money faster than they can get the paper to print it on. Run away inflation is right around the corner after you commit $7 trillion dollars.

    Total lack of transparency from our government about how much is being spent, what it is being spent on, what the entry and exit strategies are, taking over entire industries with total lack of judgement.........What type of confidence does this leave us with?

    Banking is going to get pounded by personal credit card defaults, more residential mortgage defaults, commercial real estate defaults, existing toxic assets, credit default swaps, hanky panky accounting practices to cook the books...and who the heck knows what else is hiding in the bushes that they are not telling us about.

    Our consumer economy has quit consuming! Oops, there goes more job losses and the end of many retailers.

    The auto industry is about to collapse along with major stress being put on John Deere, Catepillar, and many other heavy industry suppliers. More job losses, bad for the banks.

    The insurance industry is on the brink of a meltdown. Lets hope life insurance holders don't make a run on their companies or I'm sure that many states that guarantee the policies will suffer tremendous losses.

    California and 7 other states are almost bankrupt. They will have to borrow a few of Obama's printing presses to stay afloat. I'm sure that this won't cause any panic.

    Folks, I don't know about U, but I am scared, very scared because Uncle Sam cannot print enough money to save this sinking ship.

    Get ready to short this market and lets just wait for a recovery by 2012 if there are any companies left to work for.




    Apr 21 10:25 PM | 1 Like Like |Link to Comment
  • TARP Funds to Common Stock: More Accounting Games [View article]
    Existing toxic assets, rising mortgage defaults with increased unemployment, toxic credit default swaps, credit card default payments and toxic commercial real estate - CAN THE METEOR GET ANY BIGGER BEFORE IT HITS THE FINANCIAL MARKETS ?

    Folks, I am no genius but I have been wondering why this is all new exciting bad news. I have been posting to these items and wondering why no one has been talking about them and why it has taken the market trading morons to recognize these problems.

    Whatever the reason, its time to start shorting this baby and ride it down to 5500, that's right, we will be lucky if it stops there by September!!
    Apr 20 09:38 PM | Likes Like |Link to Comment
  • Buyer Beware: 30 Biggest Bankruptcy Risks [View article]
    Bye Bye Miss American Pie!!
    Apr 20 09:18 PM | 2 Likes Like |Link to Comment
  • How the Gold Game Could End [View article]
    Can you even believe that this guy listened to or believes the cheer leaders at CNBC. The same people who day in and day out continued to tell people to buy in the market as it dropped from 14,200 to the lovely levels we have today. Thank you Squawk Box thru Cramer.

    Gold has been around forever. It was a currency standard and is still considered an inflation buster. This author must be from some other planet.

    Folks, if you don't own gold or gold mining stock get some. We are gonna see levels of Jimmy Carter inflation 15%-22%. You cannot print $7 trillion dollars and not have inflation.

    I don't care what Bernanke says, there is no way he will be able to guage when he can turn the interest rate faucet on and off to stop this from happening. He will always be behind the curve and cannot predict this.
    Apr 20 08:14 AM | 4 Likes Like |Link to Comment
  • The Threat Of GECC's Disappearing Tangible Common Equity Value to the Financial System [View article]
    Will Jack Welch still be considered the "MASTER CEO" for creating this FAILING FINANCIAL FIASCO!!

    GE could be the final straw that breaks the back of the financial markets and the industrial markets and bring the DOW down to a level of 5000 to 5500 in the next 90 days!
    Apr 20 07:21 AM | 2 Likes Like |Link to Comment
  • Sucker's Rally Approaching an End [View article]
    Well put my friend!


    On Apr 16 11:11 AM bobbobwhite wrote:

    > All this inane talk about a 25% rally! Remember, folk's that's 25%
    > of what is left, not what the market has fallen. Very big difference!
    >
    >
    > On a $10 stock that has fallen from $50, $40 is an 80% loss. But,
    > the "big rally" has it up $2.50 for a 25% gain! Wow.....not. Big
    > deal.
    >
    > Sold out, corrupt money managers will take any angle possible to
    > try to convince you of an improving economy, and some readers fall
    > for it. Don't be among them who do.
    Apr 16 06:29 PM | 2 Likes Like |Link to Comment
  • Sucker's Rally Approaching an End [View article]
    It's a sucker's rally if you are long! You can only be lucky day trading. Every day the rules change and some type of terrible news is deemed good by the market morons.

    There is still to much bad news that will be hurling at us at light speed:

    Toxic assets are still around. They just did some accounting mumbo jumbo to cook the books. If we did that in our own business we would be put in jail. NO ONE IS TALKING ABOUT THIS!

    AIG, FANNIE MAE, FREDDIE MAC are all still not out of hot water. Have we forgotten about these misfits??

    The insurance industry is teetering on collapse. They are having problems paying on their annuities. Additionally if life insurance policy holders make a run on their policy cash values, watch out! It will be like a run on the banks during the depression.

    GM will be cut in half or less and Chrysler will be gone. There will be 1/3 less people in the auto manufacturing supply business also. There goes about 500,000 more auto jobs.

    The banks are still in bad shape and will be in worse shape because the bleeding of continued job losses will create millions of additional mortgage defaults. The unemployed will also be defaulting on their credit card debt in the coming months. NO ONE IS TALKING ABOUT THIS! GE Credit will be in big trouble too!

    One more note about the banks. Even with TARP money to lend, who are they going to lend this money to?? I mean, would you lend money to anyone in this economy?

    The unemployed and the scared employed and the rest of us are not spending a penny more than we have to. When a consumer based economy doesn't spend money - retail sales will continue to be in the toilet. Watch for many more store closings and job losses in this industry. NO ONE IS TALKING ABOUT THIS!

    Commercial real estate is taking a major pounding. Owners of these properties can't get money to refinance. The defaults will be happening soon and the property prices will drop like home prices. Obama can't print enough money to bail out the banks when this happens. NO ONE IS TALKING ABOUT THIS!

    Who can buy a house?? They taught people to live on five credit cards and no money down. You can't sell your house and how many people have 20% to put down ? Housing market recover, your guess is as good as mine.

    Folks, it is bad and it is going to be worse. When the hard pounding reality of what is actually happening on the street hits wall street the suckers rally will end. Run to your old short standby's: SKF, SRS, FAZ, day trade these when the market turns. Buy gold, any type, you can't print $7 trillion and not have inflation.

    I agree with some of the others here. I think we could see the DOW at 5500 by mid summer. REALITY SUCKS BUT THIS IS REALITY.



    Apr 15 09:44 PM | 6 Likes Like |Link to Comment
  • The Unexpected Retail Decline [View article]
    When you have over 15 million full and part time people unemployed, how can you expect retail sales to go up??

    The auto industy will create the next 500,000 unemployed driving retail sales even lower. The collapse of commercial real estate will put another 200,000 out of work.

    People will only buy what they need. It's amazing that it takes a financial collapse to see what we really need to live with comfortably.
    Apr 15 09:31 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    At least GS doesn't have any toxic mortgage assets, but what about toxic credit defaults swaps?
    Apr 14 09:37 AM | 2 Likes Like |Link to Comment
  • Three Reasons Commercial Real Estate Could Hold Back a Recovery [View article]
    How come no one is talking about this!! George Soros wrote and article a week ago that said there will be a 30% drop in the commercial real estate market and the owners of these properties cannot and will not be able to get financing.

    The same goes for credit card defaults. As more and more people loose their jobs, they will not be paying their already maxed out cards.

    Things are gonna get really bad, don't be fooled by this B.S. run in the market. Get ready to short the financials.

    Apr 2 09:35 PM | Likes Like |Link to Comment
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