As home prices rise, the demand for jumbo mortgages is rising too. Since the housing crash began, the market for jumbo mortgage-backed securities has been close to nothing. Banks still make the loans, but hold them on their books. Now, all that is beginning to change. The number of jumbo loans originated in Q1 was up 15% from last year. However the number of those loans securitized and sold by lenders has soared by 400%, with $4B worth of jumbo loans sold to investors thus far - which is more than the $3.5B in jumbos originated in all of 2012. (Video) [View news story]
What Baseball Cards Tell About Investing [View article]
Graded packs from pre-1980 (GAI and PSA) are a good investment, in my opinion a they are uncommon and are becoming more so, population diminishing with time as they are opened.
It's looking like the June policy meeting when the Fed will officially signal it's set to begin tapering asset purchases, according to Jon Hilsenrath. Yesterday's lukewarm jobs reports removed pressure to act right away, but the prerequisite necessary to cut back QE - an improving economy - has been met. [View news story]
Synta Pharmaceuticals (SNTA) regains a big chunk in post-trading of what it lost during the regular session, after CEO Safi R. Bahcall discloses the purchase of 10K shares at $4.40. The insider buy follows the 70% hit the stock took following survival results from its Phase 2b/3 trial of Ganetespib presented at as ASCO last week. In addition to Bahcall's purchase, Director and larger shareholder Bruce Kovner also recently disclosed the purchase of 2M shares. Shares +4.9% AH. [View news story]
"regains a big chunk in post-trading of what it lost during the regular session, after CEO Safi R. Bahcall discloses the purchase of 10K shares at $4.40."
So let me get this straight. CEO's $ 44,000 (I0K shares @ 4.40) insider purchase caused the stock to go up significantly ?
Is Gold Foreshadowing A Stock Market Implosion? [View article]
Nice article. I'm inclined to agree with your premise. If on the other hand everyone is chugging Uncle Ben's kool-aid, I think we will see the mother of all melt-ups in equities staring very shortly. It will be supported by the long-term charts and technicians will cite the power due to a breakout from the triple top. An alternative explanation is that GS and hedge funds ran a very good short game w GLD and futures and just made their quarter with the gains that they must have seen w weekly puts on the GLD. I did telegraph it quite well and coincidentally were helped w the Cyprus news, so I think there is merit to this argument.
Once again in 2012 equity investors failed to keep up with their benchmark; the S&P rose 8.21%, while equity-fund investors made just 4.25%. According to Barron's, learning to sell puts when financial news turns dour is the antidote to underperformance. [View news story]
Ridiculous advice once again. When common folk are trying to juice with the put selling they will yank the carpet out but quick.
Renewed Euro Crisis, Rising Inflation To Push Precious Metals Higher [View article]
/The Cypriot savings heist is a black swan for gold prices. I'd say a 6-9 % move up would be justified. The next time these confiscatory policies on cash are employed I'd say metals will go parabolic as they are the only true store of value.
AVT, Inc. Threatens To Sue Seeking Alpha Author [View instapost]
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As home prices rise, the demand for jumbo mortgages is rising too. Since the housing crash began, the market for jumbo mortgage-backed securities has been close to nothing. Banks still make the loans, but hold them on their books. Now, all that is beginning to change. The number of jumbo loans originated in Q1 was up 15% from last year. However the number of those loans securitized and sold by lenders has soared by 400%, with $4B worth of jumbo loans sold to investors thus far - which is more than the $3.5B in jumbos originated in all of 2012. (Video) [View news story]
What Baseball Cards Tell About Investing [View article]
It's looking like the June policy meeting when the Fed will officially signal it's set to begin tapering asset purchases, according to Jon Hilsenrath. Yesterday's lukewarm jobs reports removed pressure to act right away, but the prerequisite necessary to cut back QE - an improving economy - has been met. [View news story]
Synta Pharmaceuticals (SNTA) regains a big chunk in post-trading of what it lost during the regular session, after CEO Safi R. Bahcall discloses the purchase of 10K shares at $4.40. The insider buy follows the 70% hit the stock took following survival results from its Phase 2b/3 trial of Ganetespib presented at as ASCO last week. In addition to Bahcall's purchase, Director and larger shareholder Bruce Kovner also recently disclosed the purchase of 2M shares. Shares +4.9% AH. [View news story]
So let me get this straight. CEO's $ 44,000 (I0K shares @ 4.40) insider purchase caused the stock to go up significantly ?
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Is Gold Foreshadowing A Stock Market Implosion? [View article]
Once again in 2012 equity investors failed to keep up with their benchmark; the S&P rose 8.21%, while equity-fund investors made just 4.25%. According to Barron's, learning to sell puts when financial news turns dour is the antidote to underperformance. [View news story]
5 Indicators That The Stock Market Rally Is Over [View article]
Renewed Euro Crisis, Rising Inflation To Push Precious Metals Higher [View article]