Fed Governor Elizabeth Duke says that while the housing market is slowly mending, it's still in need of a lot of help. Any sustainable housing recovery depends on more action from Congress and federal regulators to stabilize the U.S. mortgage market. What can they do? They can start by loosening lending standards by banks and mortgage lenders, Duke says. That will go a long way towards attracting buyers back to the market. [View news story]
When nothing changes, you get the same results - over and over, only worse each successive time.
Here we go again: cheap money, "everyone qualifies" for anything... good times for a year or so, then pop goes the weasel.
Angie's List (ANGI) announces a $10M secondary offering, as the online review site looks to raise funds for its advertising strategy to drive membership growth. It also plans to use proceeds from the offering for general corporate purposes, including working capital. The company presently has 56.9M shares outstanding. [View news story]
"The undercarriage that brought (equity markets) this far is corroding," writes Eric Swarts, noting serious breakdowns in correlation between the S&P and Treasury yields, commodities, and equities outside of the States. Spain is surely due for a rebound that may lead another push higher for the S&P into the Facebook IPO, but be ready to stay nimble then. [View news story]
Could not be further from reality. TLT/TBT is all about the Fed buying long bonds. Additionally, money gets parked in bonds (of all maturities, typically short term) when the market slides.
The recent bounce in TBT was due to the fact that hopes for QEx had been quashed. Now TBT is lower due to seasonality and fear of the market dropping further.
This could be one of the best earnings seasons ever, but as Europe staggers, U.S. markets appear destined to follow them down. Just how precarious is it? "Basically, we're mountain climbers," says S&P Capital's Sam Stovall. "The U.S. is in front, China is behind and Europe is tethered to us. But if Europe should fall, it could drag the rest of us down the mountain as well." [View news story]
They sees what they want to sees and nothing else.
Do your own analysis and find the truth that is out there.
U.S. state tax revenue has finally returned to its pre-recession peak and likely continued growing at the beginning of this year, according to a Rockefeller Institute report. Overall state tax revenue increased 3.6% Y/Y in Q4 2011, and was 3% higher than in Q4 of 2007 and 7.4% better than in Q4 of 2008. [View news story]
Higher taxes will and do result in higher income. CA has and continues to raise taxes. I pay more in CA tax for the last 3 years than federal. Before that, it was roughly even.
Apple (AAPL) -1.3% after Canaccord's Mike Walkley, a long-time bull, slashes his FQ3 iPhone sales estimate to 29.34M from 33.58M, and his FQ4 estimate to a mere 26.11M from 33.58M. Walkley, who is nonetheless raising his PT to $740, says recent checks indicate iPhone sales have "modestly declined in certain developed markets," and expects this trend to continue due to new Android launches, Verizon's LTE promos, and iPhone 5 anticipation. FQ2 results are due on Tuesday. [View news story]
Yep, ~$550 is the 50 day MA. Likely a bounce after a little push below there to take out some stops.
The read-in to Alcoa's (AA) conference call is encouraging, especially for materials stocks, says CNBC's Pete Najarian. The CEO talked positively about China, and that's a meaningful change. “All anyone hears is how bad China is. But Klaus Kleinfeld is talking about global demand growth at 7%. That’s pretty phenomenal. That tells us something about the global economy that we haven’t heard over the past month or two." (video) [View news story]
I would not invest on what a CEO says - they are just salesmen like all the rest.
Stock drops to $550, and the brain/emotions set it..." oh the pullback I've been waiting for..." so you buy more. You are briefly vindicated as you get a pop up back to $600 which is met by eager sellers and the stock goes back to $500.
Good article. The AAPL acolytes will decry your doom and "stupidity" as in 'you just don't get AAPL', but you will be proven right sometime this year and then longer term, very right.
For those of you that got into AAPL at sub-100, good for you. You can tell your grand kids how you bought AAPL for $19 and watched skyrocket to "$Huge Number" only to crash to some more fundamental valuation.
If you don't see this as a bubble you never will see any bubble.
As to fundamentals, you should be aware of margin compression. It's already happening, just look to the iPad 3.
Just ask the RIMM zealots how their faith and loyalty was rewarded. I shorted that baby all the way down...am doing the same with AAPL. Not because AAPL is currently a bad company, but because it's valuation is in parabolic bubble mode.
Saying Apple (AAPL) has reached the "trading toy stage," Robert Sinn reminds of the track record of other stocks that have recently garnered the public imagination - it's not good. "Volume and volatility create action, excitement, and opportunity. However, the action we are currently witnessing in Apple is not healthy." [View news story]
Too much cheap money chasing "sure things...", this is how the .com bubble happened.
Right now, equities are the only place to put that free money... nothing else is as "safe", short memories and greed will sure to be punished again and again.
How big is Apple (AAPL)? Well, if you took every $1, $2, $5, $10, $20 and $50 bill currently in circulation, you still would not have enough cash to purchase the company. The total value of all U.S. legal tender with a face value below $100 totals up to only $252.8B, which is less than half the value of Apple’s current market cap. [View news story]
Wow, what a bunch of unabashed APPL fan-boys here!
Investors are ignoring the financial aspects of living longer, says BlackRock's Larry Fink. Americans are facing an enormous "savings gap" and need an investment strategy with a time horizon greater than just a year. With bonds and bank interest paying next to nothing, the biggest risk for investors isn't market volatility, but investment indecision, and holding on to cash as a safe haven. [View news story]
You certainly didn't buy and hold - which is what most folks are told to do and certainly what this article alludes to.
Most folks don't have the time for active investments - which what you have to do nowadays to preserve capital as we as a nation and world go into and out of more and more frequent bubbles/busts.
Investors are ignoring the financial aspects of living longer, says BlackRock's Larry Fink. Americans are facing an enormous "savings gap" and need an investment strategy with a time horizon greater than just a year. With bonds and bank interest paying next to nothing, the biggest risk for investors isn't market volatility, but investment indecision, and holding on to cash as a safe haven. [View news story]
Yeah, the last 12 years have been great! If you were lucky, you broke even (not counting inflation), if not, you're down.
But this time is different I am sure as as a nation and world, everything is fixed and so much better than in 2007 or 2002 or...
You just have to beat inflation if you are a saver.
Fed Governor Elizabeth Duke says that while the housing market is slowly mending, it's still in need of a lot of help. Any sustainable housing recovery depends on more action from Congress and federal regulators to stabilize the U.S. mortgage market. What can they do? They can start by loosening lending standards by banks and mortgage lenders, Duke says. That will go a long way towards attracting buyers back to the market. [View news story]
Here we go again: cheap money, "everyone qualifies" for anything... good times for a year or so, then pop goes the weasel.
Angie's List (ANGI) announces a $10M secondary offering, as the online review site looks to raise funds for its advertising strategy to drive membership growth. It also plans to use proceeds from the offering for general corporate purposes, including working capital. The company presently has 56.9M shares outstanding. [View news story]
"The undercarriage that brought (equity markets) this far is corroding," writes Eric Swarts, noting serious breakdowns in correlation between the S&P and Treasury yields, commodities, and equities outside of the States. Spain is surely due for a rebound that may lead another push higher for the S&P into the Facebook IPO, but be ready to stay nimble then. [View news story]
The recent bounce in TBT was due to the fact that hopes for QEx had been quashed. Now TBT is lower due to seasonality and fear of the market dropping further.
This could be one of the best earnings seasons ever, but as Europe staggers, U.S. markets appear destined to follow them down. Just how precarious is it? "Basically, we're mountain climbers," says S&P Capital's Sam Stovall. "The U.S. is in front, China is behind and Europe is tethered to us. But if Europe should fall, it could drag the rest of us down the mountain as well." [View news story]
Do your own analysis and find the truth that is out there.
U.S. state tax revenue has finally returned to its pre-recession peak and likely continued growing at the beginning of this year, according to a Rockefeller Institute report. Overall state tax revenue increased 3.6% Y/Y in Q4 2011, and was 3% higher than in Q4 of 2007 and 7.4% better than in Q4 of 2008. [View news story]
Apple (AAPL) -1.3% after Canaccord's Mike Walkley, a long-time bull, slashes his FQ3 iPhone sales estimate to 29.34M from 33.58M, and his FQ4 estimate to a mere 26.11M from 33.58M. Walkley, who is nonetheless raising his PT to $740, says recent checks indicate iPhone sales have "modestly declined in certain developed markets," and expects this trend to continue due to new Android launches, Verizon's LTE promos, and iPhone 5 anticipation. FQ2 results are due on Tuesday. [View news story]
Apple 5-Day Losing Streaks [View article]
The read-in to Alcoa's (AA) conference call is encouraging, especially for materials stocks, says CNBC's Pete Najarian. The CEO talked positively about China, and that's a meaningful change. “All anyone hears is how bad China is. But Klaus Kleinfeld is talking about global demand growth at 7%. That’s pretty phenomenal. That tells us something about the global economy that we haven’t heard over the past month or two." (video) [View news story]
Apple Momentum Waning [View article]
You just bought AAPL for $600ish.
Stock drops to $550, and the brain/emotions set it..." oh the pullback I've been waiting for..." so you buy more. You are briefly vindicated as you get a pop up back to $600 which is met by eager sellers and the stock goes back to $500.
Will you hold? How about $450...still hold-in?
Emotions can make for terrible losses.
Apple Momentum Waning [View article]
Good article. The AAPL acolytes will decry your doom and "stupidity" as in 'you just don't get AAPL', but you will be proven right sometime this year and then longer term, very right.
For those of you that got into AAPL at sub-100, good for you. You can tell your grand kids how you bought AAPL for $19 and watched skyrocket to "$Huge Number" only to crash to some more fundamental valuation.
If you don't see this as a bubble you never will see any bubble.
As to fundamentals, you should be aware of margin compression. It's already happening, just look to the iPad 3.
Just ask the RIMM zealots how their faith and loyalty was rewarded. I shorted that baby all the way down...am doing the same with AAPL. Not because AAPL is currently a bad company, but because it's valuation is in parabolic bubble mode.
Disclosure: short and getting shorter on AAPL.
5 Reasons Why Financials Are Breaking Out [View article]
Nothing has changed, back to the same old game. Election year ramp up.
Just don't get married to stocks, sell when the trend changes.
Saying Apple (AAPL) has reached the "trading toy stage," Robert Sinn reminds of the track record of other stocks that have recently garnered the public imagination - it's not good. "Volume and volatility create action, excitement, and opportunity. However, the action we are currently witnessing in Apple is not healthy." [View news story]
Right now, equities are the only place to put that free money... nothing else is as "safe", short memories and greed will sure to be punished again and again.
How big is Apple (AAPL)? Well, if you took every $1, $2, $5, $10, $20 and $50 bill currently in circulation, you still would not have enough cash to purchase the company. The total value of all U.S. legal tender with a face value below $100 totals up to only $252.8B, which is less than half the value of Apple’s current market cap. [View news story]
I'll say just one thing: margin compression.
Investors are ignoring the financial aspects of living longer, says BlackRock's Larry Fink. Americans are facing an enormous "savings gap" and need an investment strategy with a time horizon greater than just a year. With bonds and bank interest paying next to nothing, the biggest risk for investors isn't market volatility, but investment indecision, and holding on to cash as a safe haven. [View news story]
Most folks don't have the time for active investments - which what you have to do nowadays to preserve capital as we as a nation and world go into and out of more and more frequent bubbles/busts.
Investors are ignoring the financial aspects of living longer, says BlackRock's Larry Fink. Americans are facing an enormous "savings gap" and need an investment strategy with a time horizon greater than just a year. With bonds and bank interest paying next to nothing, the biggest risk for investors isn't market volatility, but investment indecision, and holding on to cash as a safe haven. [View news story]
But this time is different I am sure as as a nation and world, everything is fixed and so much better than in 2007 or 2002 or...
You just have to beat inflation if you are a saver.