QE3? Better hope so, says the new consensus among market pros. "There is one bet right now: Bernanke will bail out the world," one says. “If that does not happen, then no investment will be safe." [View news story]
Almost, not yet. Wait a month and scale in through late summer.
QE3? Better hope so, says the new consensus among market pros. "There is one bet right now: Bernanke will bail out the world," one says. “If that does not happen, then no investment will be safe." [View news story]
Reel in these investment banks. Regulate commodities. Why is GS and MS the two largest oil buyers in the world, and yet they use no oil? Reel in the CME via the CFTC. Separate the investment banks from depositor assets. Break up TBTF banks. Create an energy plan not dominated by only big oil. I could go on and on, but Wall St is firmly in control. Until people take back the speculative markets we will continue to fail. That won't happen until FED stops supplying endless money to support the investment banks.
Goldman Sachs reads the tea leaves in ADP and ISM data and cuts its forecast for Friday's labor report to 100,000 nonfarm jobs added in May, from a previous 150,000; in particular, the ADP report's weakness "follows a streak of weaker-than-expected news on both the labor market and activity as a whole." [View news story]
I tell you its the weather. Its always the weather. Simply transitory. We are in a boom, buy buy buy these stocks at 2007 levels. You'll have to overlook 14.2 trillion debt, housing deteriorating again, unemployment deteriorating again, POMO ending in four weeks, EU debt crisis, ISM, PMI...
See you at DOW 10,000 by July. And as we go down all the educated investment "planners" will tell you its a great time to buy. Look at the stats, to them its "always" a good time to buy and to pay them their fee.
May ISM Manufacturing Index: 53.5 vs. 57.6 consensus and 60.4 prior. Prices index 76.5 vs. 85.5 prior. Employment 58.2 vs. 62.7. Inventories 48.7 vs. 53.6. New orders 51 vs. 61.7. [View news story]
Not yet Tiger. The clowns in Congress need to shuffle some more chairs around and pretend to make progress. Once the market sheds a few thousand points they'll want to preserve their wealth and start pitching QE3. My guess is Aug/Sept. Obama has one last chance to pump the stats before 2012. Right now, nearly every report I see is pointing toward contraction. But don't worry, the investment banks will still get thier billions in bonus this year, and the TBTF banks will continue growing in size. America held hostage from within.
May ISM Manufacturing Index: 53.5 vs. 57.6 consensus and 60.4 prior. Prices index 76.5 vs. 85.5 prior. Employment 58.2 vs. 62.7. Inventories 48.7 vs. 53.6. New orders 51 vs. 61.7. [View news story]
This is due to the weather. Its transitory. Move along..nothing to see here.
Bought in Cali in Jan 2011 with a 3.875% rate. I thought I should at least get something for my dollar before they become worth less. Yes prices could go lower, but I don't want to live in a camp ground or tent- need to have a place to sleep at night. This housing mess will prove to be the biggest financial scam in all the 20th century.
New U.S. GDP data is bad, but the hidden data behind it is worse, Justin Wolfers writes. An alternative GDP estimate, GDP-I because it is based on income data rather than spending data, is considered more reliable, and it shows GDP growing by only 1.2%. Economists believe growth should exceed 3% before the unemployment rate will decline. [View news story]
The Fed's secret lending program which seems to have been aimed mostly at European banks shows we still have a lot to learn about the Fed's actions in the midst of the financial crisis. Felix Salmon asks: Why was the program set up? Why had the Fed never discussed it? How does lending $45B to Credit Suisse (CS) support the flow of credit to U.S. households? [View news story]
Loans are one thing. We're giving away billions to the banks that "we the people" cannot afford to repay. How many school teachers and cops need to get fired before folks wake up and put these Wall St crooks in jail.
April Pending Home Sales: -11.6% to 81.9 vs. -1.4% expected, +5.1% prior. "The magnitude of the fall in pending home sales is larger than can be implied by broad economic factors, so we need to see if it’s just a one-month aberration," NAR's Lawrence Yun says. [View news story]
I live and breathe housing and have for 25 years. This includes knowledge of the major homebuilders.
FLA, NV, AZ, CA are not getting better. These are the states the majors pull most of their sales from, excluding TX. In fact, sales are off -10-20% (depending upon market) from last year (the bottom?) and margins are tighter than ever. I visit communities in CA where 1/4 of the homes are either for sale, abandoned, or in distress. It's been that way since 2009, but in many areas its actually worse (more homes vacant) today than 2010.
And to think this is with extremely low rates and some attractive pricing- yet buyers just aren't showing up to purchase.
Now what is more interesting is the homebuilder stocks holding their price. LEN goes from $3.50 in 2009 to $19.00 today. KBH, read their financials closely..debt due and quarterly losses..cash burn..vs reserves and the stock is holding steady around $12. MTH up to around $25. Some will say this is "forward-looking" valuation. In all reality this sector will struggle for several more years as the negative equity slowly unwinds. Let's also factor in the 28% of all mortgages that are underwater which is creating that downward pressure on new home sales vs. competetions from REO's and short sales. As prices continue to fall, more homes will be underwater, and more people will walk.
I think we'll have hit bottom when we see consolidation of the majors, and outright BK of some of the minors.
This all stems from Wall St investment banks. They are the source of the current situation, and they have made billions on their bad bets, leaving you the taxpayer to flip the bill. We know their names, yet the taxpayers have yet to apply enough pressure to the politicians to bring them to justice. I write my congressman regularly demanding action. They need to prosecute the traders, raters, sellers that created these CDO's and change the laws to never allow it to happen again.
That can happen once integrity returns to the political forum. Wishful thinking.....
New U.S. GDP data is bad, but the hidden data behind it is worse, Justin Wolfers writes. An alternative GDP estimate, GDP-I because it is based on income data rather than spending data, is considered more reliable, and it shows GDP growing by only 1.2%. Economists believe growth should exceed 3% before the unemployment rate will decline. [View news story]
How much the country has changed.
50 years ago you offered to help your homeless and sick brother, or at least the good people would.
Today, as you would have it, caring for the sick is a privilege, and if you can't afford the care you die. That is usually the position of those that are healthy, and then suddenly one day they find themselves sick and realize that the treatment they need to live is not affordable.
Whichever you believe, its a bad ending. Yet the health insurance carrier CEO's make double-digit millions in comp this year. Maybe the focus is on the wrong area....
May Reuters/UofM Consumer Sentiment: 74.3 vs. 72.4 expected, 72.4 preliminary, 69.8 in April. Expectations 69.5 vs. 67.4 preliminary, 61.6 in April. Current conditions 81.9 vs. 80.2 preliminary, 82.5 in April. [View news story]
Bullish sentiment fell to 25.6%, the lowest level since last August, in the latest AAII Sentiment Survey. Bearish sentiment edged up to 41.4%, highest since September and above its historical average of 30% for 13 of the last 14 weeks. But Bespoke looks at it this way: "If you fancy yourself a contrarian, you've got to be bullish right now." [View news story]
Yes, just like last year when it shed almost 500 points the week after..
Bullish sentiment fell to 25.6%, the lowest level since last August, in the latest AAII Sentiment Survey. Bearish sentiment edged up to 41.4%, highest since September and above its historical average of 30% for 13 of the last 14 weeks. But Bespoke looks at it this way: "If you fancy yourself a contrarian, you've got to be bullish right now." [View news story]
Ok, FED announces QEII in Aug 2010 and market starts upward trend a few weeks later. If QEIII is announced I think you're right, the market will rebound. If debt limit/budget pressure kills QEIII this baby will crash. Look at these bond yields falling and yet the market (even with almost daily POMO) has hit a wall.
Also keep in mind the DOW was at 10,000 end of Aug 2010. Not 12,400.
New U.S. GDP data is bad, but the hidden data behind it is worse, Justin Wolfers writes. An alternative GDP estimate, GDP-I because it is based on income data rather than spending data, is considered more reliable, and it shows GDP growing by only 1.2%. Economists believe growth should exceed 3% before the unemployment rate will decline. [View news story]
Wyatt, I think I understand your perspective and I also know people encountering your same situation.
But if your employees don't obtain coverage from you, then will they buy it for themselves? Can they afford to buy it for themselves? If yes, then you should require them to contribute into the health plan you are forced to provide. If no, then why will the taxpayers be "forced" to pay for your uninsured employees when they show up half-dead at the emergency room with no health insurance coverage?
And yet we have these for-profit health care providers making hundreds of millions per year guiding us through the dilemma.....
With 10,000 baby boomers turning 65 every day and 26M Americans afflicted with diabetes, Ford (F) sees medical monitoring as the next key to a burst of car sales. Ford has developed a car seat to check the driver’s blood sugar and heart rate, and new features could track breathing patterns for asthmatics or pollen counts for allergy sufferers. [View news story]
Do we still allow people over 65 to drive?
I thought (for safety reasons) they all now have to take the bus?
QE3? Better hope so, says the new consensus among market pros. "There is one bet right now: Bernanke will bail out the world," one says. “If that does not happen, then no investment will be safe." [View news story]
QE3? Better hope so, says the new consensus among market pros. "There is one bet right now: Bernanke will bail out the world," one says. “If that does not happen, then no investment will be safe." [View news story]
Goldman Sachs reads the tea leaves in ADP and ISM data and cuts its forecast for Friday's labor report to 100,000 nonfarm jobs added in May, from a previous 150,000; in particular, the ADP report's weakness "follows a streak of weaker-than-expected news on both the labor market and activity as a whole." [View news story]
See you at DOW 10,000 by July. And as we go down all the educated investment "planners" will tell you its a great time to buy. Look at the stats, to them its "always" a good time to buy and to pay them their fee.
May ISM Manufacturing Index: 53.5 vs. 57.6 consensus and 60.4 prior. Prices index 76.5 vs. 85.5 prior. Employment 58.2 vs. 62.7. Inventories 48.7 vs. 53.6. New orders 51 vs. 61.7. [View news story]
May ISM Manufacturing Index: 53.5 vs. 57.6 consensus and 60.4 prior. Prices index 76.5 vs. 85.5 prior. Employment 58.2 vs. 62.7. Inventories 48.7 vs. 53.6. New orders 51 vs. 61.7. [View news story]
Party like it's 1999: With the housing double-dip "confirmed," real housing prices and price-to-rent ratios have regressed to 1999 levels... and there's still no end in sight. "Prices have now fallen by more than they did during the Great Depression [and] will fall by at least a further 3% this year, and perhaps even further next year." [View news story]
New U.S. GDP data is bad, but the hidden data behind it is worse, Justin Wolfers writes. An alternative GDP estimate, GDP-I because it is based on income data rather than spending data, is considered more reliable, and it shows GDP growing by only 1.2%. Economists believe growth should exceed 3% before the unemployment rate will decline. [View news story]
The Fed's secret lending program which seems to have been aimed mostly at European banks shows we still have a lot to learn about the Fed's actions in the midst of the financial crisis. Felix Salmon asks: Why was the program set up? Why had the Fed never discussed it? How does lending $45B to Credit Suisse (CS) support the flow of credit to U.S. households? [View news story]
April Pending Home Sales: -11.6% to 81.9 vs. -1.4% expected, +5.1% prior. "The magnitude of the fall in pending home sales is larger than can be implied by broad economic factors, so we need to see if it’s just a one-month aberration," NAR's Lawrence Yun says. [View news story]
FLA, NV, AZ, CA are not getting better. These are the states the majors pull most of their sales from, excluding TX. In fact, sales are off -10-20% (depending upon market) from last year (the bottom?) and margins are tighter than ever. I visit communities in CA where 1/4 of the homes are either for sale, abandoned, or in distress. It's been that way since 2009, but in many areas its actually worse (more homes vacant) today than 2010.
And to think this is with extremely low rates and some attractive pricing- yet buyers just aren't showing up to purchase.
Now what is more interesting is the homebuilder stocks holding their price. LEN goes from $3.50 in 2009 to $19.00 today. KBH, read their financials closely..debt due and quarterly losses..cash burn..vs reserves and the stock is holding steady around $12. MTH up to around $25. Some will say this is "forward-looking" valuation. In all reality this sector will struggle for several more years as the negative equity slowly unwinds. Let's also factor in the 28% of all mortgages that are underwater which is creating that downward pressure on new home sales vs. competetions from REO's and short sales. As prices continue to fall, more homes will be underwater, and more people will walk.
I think we'll have hit bottom when we see consolidation of the majors, and outright BK of some of the minors.
This all stems from Wall St investment banks. They are the source of the current situation, and they have made billions on their bad bets, leaving you the taxpayer to flip the bill. We know their names, yet the taxpayers have yet to apply enough pressure to the politicians to bring them to justice. I write my congressman regularly demanding action. They need to prosecute the traders, raters, sellers that created these CDO's and change the laws to never allow it to happen again.
That can happen once integrity returns to the political forum. Wishful thinking.....
New U.S. GDP data is bad, but the hidden data behind it is worse, Justin Wolfers writes. An alternative GDP estimate, GDP-I because it is based on income data rather than spending data, is considered more reliable, and it shows GDP growing by only 1.2%. Economists believe growth should exceed 3% before the unemployment rate will decline. [View news story]
50 years ago you offered to help your homeless and sick brother, or at least the good people would.
Today, as you would have it, caring for the sick is a privilege, and if you can't afford the care you die. That is usually the position of those that are healthy, and then suddenly one day they find themselves sick and realize that the treatment they need to live is not affordable.
Whichever you believe, its a bad ending. Yet the health insurance carrier CEO's make double-digit millions in comp this year. Maybe the focus is on the wrong area....
May Reuters/UofM Consumer Sentiment: 74.3 vs. 72.4 expected, 72.4 preliminary, 69.8 in April. Expectations 69.5 vs. 67.4 preliminary, 61.6 in April. Current conditions 81.9 vs. 80.2 preliminary, 82.5 in April. [View news story]
Bullish sentiment fell to 25.6%, the lowest level since last August, in the latest AAII Sentiment Survey. Bearish sentiment edged up to 41.4%, highest since September and above its historical average of 30% for 13 of the last 14 weeks. But Bespoke looks at it this way: "If you fancy yourself a contrarian, you've got to be bullish right now." [View news story]
Bullish sentiment fell to 25.6%, the lowest level since last August, in the latest AAII Sentiment Survey. Bearish sentiment edged up to 41.4%, highest since September and above its historical average of 30% for 13 of the last 14 weeks. But Bespoke looks at it this way: "If you fancy yourself a contrarian, you've got to be bullish right now." [View news story]
Also keep in mind the DOW was at 10,000 end of Aug 2010. Not 12,400.
New U.S. GDP data is bad, but the hidden data behind it is worse, Justin Wolfers writes. An alternative GDP estimate, GDP-I because it is based on income data rather than spending data, is considered more reliable, and it shows GDP growing by only 1.2%. Economists believe growth should exceed 3% before the unemployment rate will decline. [View news story]
But if your employees don't obtain coverage from you, then will they buy it for themselves? Can they afford to buy it for themselves? If yes, then you should require them to contribute into the health plan you are forced to provide. If no, then why will the taxpayers be "forced" to pay for your uninsured employees when they show up half-dead at the emergency room with no health insurance coverage?
And yet we have these for-profit health care providers making hundreds of millions per year guiding us through the dilemma.....
With 10,000 baby boomers turning 65 every day and 26M Americans afflicted with diabetes, Ford (F) sees medical monitoring as the next key to a burst of car sales. Ford has developed a car seat to check the driver’s blood sugar and heart rate, and new features could track breathing patterns for asthmatics or pollen counts for allergy sufferers. [View news story]
I thought (for safety reasons) they all now have to take the bus?