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OptionManiac

OptionManiac
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  • The Dog Days of Summer for the S&P 500 [View article]
    Well, someone who is honest about their predictions.
    Aug 3, 2010. 08:25 AM | Likes Like |Link to Comment
  • ICSC Retail Store Sales: -0.1% W/W, vs. +0.6% last week. +3.9% Y/Y, vs. +3.8% last week. The hot weather is hurting the fall selling season and the beginning of the back-to-school season.  [View news story]
    Ages since I've been in a department store - they don't have winter coats out already, do they? Back to school buying should start in the next week or two. Having two kids go through college, the pre-freshman year buying and supplying eclipses the pre-school year buying of the previous 12 years. College enrollment up or down? To think I started my freshman year with all my belongings in the trunk of a sedan, with room to spare.
    Aug 3, 2010. 08:16 AM | Likes Like |Link to Comment
  • A Vector Finally Pointing in the Right Direction? [View article]
    But little guys in 401Ks and pension funds have no real control of where their money is placed. And they are constantly (weekly or biweekly) putting more money into their accounts. Unless you are retiring in the next five years, the big boys don't and can't have the patience (they look at their bottom line quarter to quarter, or their stock price is screwed) for the little guy to finally panic as he reaches retirement age.
    Jul 30, 2010. 08:05 AM | Likes Like |Link to Comment
  • Equity Market Ready to Make a Massive Move [View article]
    Curious - what do you count as debt and what do you count as disposable income?
    Jul 28, 2010. 01:55 PM | Likes Like |Link to Comment
  • July Richmond Fed Mfg. Survey: 16 vs. 23 last month (above 0 = growth). Among the index's components, shipments -9 to 22, new orders -12 to 13, jobs +6 to 15.  [View news story]
    Yes, no fire-side chats ala Roosevelt.
    Jul 28, 2010. 11:56 AM | Likes Like |Link to Comment
  • U.S. apartment rentals surged in the first half by 215,000 occupancies, nearly twice the number in all of last year, and the vacancy rate slipped to 6.6% from December's 8.2%. A number of factors apply, including lower homeownership due to foreclosures, but it should mean increased earnings for REITs like Equity Residential (EQR) and AvalonBay (AVB).  [View news story]
    Yeah, home prices and rentals are absolutely crazy there, and have always been. In 1978 my future wife and I tried to rent a place in SF, every apartment we walked through had at least two or three more groups interested.
    Jul 28, 2010. 06:35 AM | Likes Like |Link to Comment
  • U.S. apartment rentals surged in the first half by 215,000 occupancies, nearly twice the number in all of last year, and the vacancy rate slipped to 6.6% from December's 8.2%. A number of factors apply, including lower homeownership due to foreclosures, but it should mean increased earnings for REITs like Equity Residential (EQR) and AvalonBay (AVB).  [View news story]
    I have a hard time with NYC property rates. Just the monthly condo fees can rival my mortgage payment. I have a love hate relationship with rent control. It may have allowed support staff to live downtown, but caused a huge disparity in rents.
    Jul 27, 2010. 02:58 PM | Likes Like |Link to Comment
  • U.S. apartment rentals surged in the first half by 215,000 occupancies, nearly twice the number in all of last year, and the vacancy rate slipped to 6.6% from December's 8.2%. A number of factors apply, including lower homeownership due to foreclosures, but it should mean increased earnings for REITs like Equity Residential (EQR) and AvalonBay (AVB).  [View news story]
    Neighbor who owns rental property said that the number of potential renters with good credit had declined, that was about a year ago. Recently he said that he was finally getting potential renters who he would at least consider renting to.
    Jul 27, 2010. 12:53 PM | Likes Like |Link to Comment
  • July Richmond Fed Mfg. Survey: 16 vs. 23 last month (above 0 = growth). Among the index's components, shipments -9 to 22, new orders -12 to 13, jobs +6 to 15.  [View news story]
    Increased employment (if it happens) will help propel the other components.
    Jul 27, 2010. 10:55 AM | Likes Like |Link to Comment
  • June New Home Sales: +23.6% to 330K vs. 311K expected, 267K (revised from 300K) in May. Months' supply 7.6 vs. 8.5 prior. Median price $213,400.  [View news story]
    My neighborhood in Cincinnati - two homes for sale - one went in a couple days, one is sitting, but the owner doesn't have to move, just wants a good price. Another just went on the market - sale by owner, people have lived there for just a couple of years.
    Jul 27, 2010. 08:10 AM | Likes Like |Link to Comment
  • "All hell breaks loose" in the stock market... starting today, according to Arch Crawford's astrology-based investment newsletter. Before you laugh too much, his letter predicted the 2008 collapse and has outperformed the market so far this year.  [View news story]
    Met a futures day trader who relied on astrology. Claimed the robber barons of the past century did the same. (She told me the study at the Biltmore House had the Zodiac on the wall. Can't confirm). She claimed to do very well, but I hear the same when someone shows up to work after gambling on the boat on the weekend and claims how well they did. Never hear when they lose.
    Jul 26, 2010. 10:59 AM | Likes Like |Link to Comment
  • The wealth gap is an essential driver of entrepreneurial creativity, and there’s no way to reduce it unless we want to strangle progress, John Tamny writes. "Wealth at the far end of the income curve [has] distracted us from realizing how much better we live thanks to wealth creation, and how much better off we are in relative terms owing to individuals pursuing innovative ideas."  [View news story]
    Agree with all you said. Biggest problem is that we need portable insurance. If you can't trust a company you work for with your pension, why would you trust them with your health insurance.
    Jul 26, 2010. 10:54 AM | Likes Like |Link to Comment
  • The wealth gap is an essential driver of entrepreneurial creativity, and there’s no way to reduce it unless we want to strangle progress, John Tamny writes. "Wealth at the far end of the income curve [has] distracted us from realizing how much better we live thanks to wealth creation, and how much better off we are in relative terms owing to individuals pursuing innovative ideas."  [View news story]
    Yes, in Europe, if you have a heart attack, they will treat you for free. In this country, if you visit, we will give you a big bill.
    Jul 24, 2010. 04:39 PM | Likes Like |Link to Comment
  • When Does the Unusual Become the Usual? [View article]
    Right, but I'm afraid even your cure will hurt the middle-class more than it will hurt the rich. There is no good solution.
    Jul 24, 2010. 04:30 PM | Likes Like |Link to Comment
  • When Does the Unusual Become the Usual? [View article]
    I'm just afraid too many little guys will get crushed. I don't claim to have the answer, and I don't think there is a good answer.
    Jul 24, 2010. 04:02 PM | Likes Like |Link to Comment
COMMENTS STATS
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