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bbro

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  • Bah, humbug! Brett Arends offers 10 reasons why he doesn't believe in the Santa rally. To cite two: Shares may be more expensive than they're telling you. And the market value of non-financial U.S. equities is within ~15% of the Oct. 2007 peak, implying that "most of the last three years was little more than a bad dream. Do you believe that?"  [View news story]
    "A massive propaganda machine that would make Goebbels blush"

    Goebbels comment....oh brother...

    Read some history....
    Dec 30, 2010. 04:15 AM | 10 Likes Like |Link to Comment
  • Robert Shiller says the drop in the latest Case-Shiller home price index was worse than expected, and the economy will face "serious reasons to worry" if house prices continue to fall at the current rate. Shiller thinks a panicked Congress would issue another home-buyer tax credit or other emergency measure to stop the fall.  [View news story]
    Sorry.......I got the numbers from the website Economagic( I think they cost a 150 dollars a year) and did the calculations on their website....the service allows you work various mathematical calculations...
    Dec 29, 2010. 11:44 AM | 5 Likes Like |Link to Comment
  • Robert Shiller says the drop in the latest Case-Shiller home price index was worse than expected, and the economy will face "serious reasons to worry" if house prices continue to fall at the current rate. Shiller thinks a panicked Congress would issue another home-buyer tax credit or other emergency measure to stop the fall.  [View news story]
    Oh Face....
    Dec 29, 2010. 10:50 AM | 6 Likes Like |Link to Comment
  • Ally's Fannie Mae Settlement Scales Back Potential BofA, JPMorgan Putback Costs [View article]
    Agreed,,,the market is definitely pricing in a higher percentage ( higher than .55)...thanks...
    Dec 29, 2010. 10:46 AM | Likes Like |Link to Comment
  • Robert Shiller says the drop in the latest Case-Shiller home price index was worse than expected, and the economy will face "serious reasons to worry" if house prices continue to fall at the current rate. Shiller thinks a panicked Congress would issue another home-buyer tax credit or other emergency measure to stop the fall.  [View news story]
    Nice chart...what is interesting the last time 30 year mortgage rates
    where at 10% was the 4th qtr 1990....
    Dec 29, 2010. 10:25 AM | 9 Likes Like |Link to Comment
  • Robert Shiller says the drop in the latest Case-Shiller home price index was worse than expected, and the economy will face "serious reasons to worry" if house prices continue to fall at the current rate. Shiller thinks a panicked Congress would issue another home-buyer tax credit or other emergency measure to stop the fall.  [View news story]
    And here is a repeat....

    Median New Home Price Jan 2000 166,800 ( 3 month average)

    Average wage per nonfarm employee Jan 2000 36,158

    Median New Home Price Nov 2010 213,200 ( 3 month average)

    Average wage per nonfarm employee Nov 2010 49,739


    Median New Home price % increase Jan 2000 to Nov 2010 .....27.8%

    Average wage per nonfarm employee % increase. Jan 2000 to Nov 2010........37.5%
    Dec 29, 2010. 10:13 AM | 6 Likes Like |Link to Comment
  • Robert Shiller says the drop in the latest Case-Shiller home price index was worse than expected, and the economy will face "serious reasons to worry" if house prices continue to fall at the current rate. Shiller thinks a panicked Congress would issue another home-buyer tax credit or other emergency measure to stop the fall.  [View news story]
    Radar Logic today is only down 2.26 % year over year and that index
    is heavily weighted in negative equity zones....Plus while the delinquency rate is high ( (9.02%)...it peaked a year ago at 10.97%....
    Dec 29, 2010. 10:05 AM | 7 Likes Like |Link to Comment
  • Robert Shiller says the drop in the latest Case-Shiller home price index was worse than expected, and the economy will face "serious reasons to worry" if house prices continue to fall at the current rate. Shiller thinks a panicked Congress would issue another home-buyer tax credit or other emergency measure to stop the fall.  [View news story]
    Boo!!!!
    Dec 29, 2010. 09:57 AM | 7 Likes Like |Link to Comment
  • The Market Refuses to Reflect the State of the Economy [View article]
    Each one of those problems has an opposing viewpoint....try and
    figure out what those are....
    Dec 29, 2010. 08:41 AM | 7 Likes Like |Link to Comment
  • The Market Refuses to Reflect the State of the Economy [View article]
    Look at corporate bond spreads...
    Dec 29, 2010. 07:45 AM | 2 Likes Like |Link to Comment
  • Allstate (ALL) files a fraud suit against BofA (BAC) and its Countrywide unit, saying that $700M of residential MBS it bought were misrepresented, "offloading the risk onto Allstate and other institutional investors." Former Countrywide chief Angelo Mozilo is also among defendants.  [View news story]
    Fried Kitten??? oh brother.... next you are going to say BAC hires only serial killers....
    Dec 29, 2010. 06:02 AM | Likes Like |Link to Comment
  • Allstate (ALL) files a fraud suit against BofA (BAC) and its Countrywide unit, saying that $700M of residential MBS it bought were misrepresented, "offloading the risk onto Allstate and other institutional investors." Former Countrywide chief Angelo Mozilo is also among defendants.  [View news story]
    "Allstate, based in Northbrook, Illinois, said in the complaint that the mortgage-backed securities, purchased from March 2005 to June 2007, suffered “drastic and rapid loss in value” when large numbers of homeowners began to default on their mortgages."


    Are they serious??? From March 2005 to June 2007,,,The Case Shiller National Index averaged 185
    today it is 135.....and they expected no rapid loss in value??? Sounds like a shakedown....
    Dec 29, 2010. 06:00 AM | Likes Like |Link to Comment
  • Housing Is My #1 Theme as Home Prices Resume Their Decline [View article]
    "The 20-City Composite is still 50% above its starting point at the end of 1999."

    Case Shiller 20 is a poor metric to follow for national housing prices....
    Miami,Phoenix,Las Vegas....Houston and Philadelphia have the same number of mortgages as those 3 cities...for that matter Cincinnati has
    the exact same number as Las Vegas....
    Dec 29, 2010. 05:52 AM | 4 Likes Like |Link to Comment
  • Ally's Fannie Mae Settlement Scales Back Potential BofA, JPMorgan Putback Costs [View article]
    The 80% paydown fro principal balances for BAC seems awfully high...i thought they had a much higher exposure than the 199 billion
    for monolines/private /wholesale???
    Dec 29, 2010. 05:34 AM | Likes Like |Link to Comment
  • Housing Double Dip Arrives Right on Schedule [View article]
    The Case Shiller 20 is a flawed measure to look at.....Houston and
    Philadelphia ( not in the 20) have the same number of mortgages
    as Miami, Phoenix and Las Vegas combined....

    Total # of Mortgages % of Mortgages Neg. Eq.

    Houston 939,593 12%
    Philadelphia 902,292 7%

    Miami 514,762 48%
    Phoenix 955,146 54%
    Las Vegas 444,292 71%
    Dec 29, 2010. 02:58 AM | 5 Likes Like |Link to Comment
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