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Hi Rab
Always evolving, always learning, so it's ok to criticize me. The problem is with those that quit learning and quit evolving. They are always generalizing there statements about people and are set in their ways.
What a mess but
The quest of government is to make you radically dependent on them, which will make you radically obedient to them. Part timers by design - This is not a mistake and Liberals haven't a clue about what they are doing to the US. Blame Republicans and Bush is the Mantra LOL
Assault on the country - Part timers
The question is whether this by design or just incompetence
The Part time nightmare - The premise is this: If you have a starving nation, the government will redefine the word starvation in order to make the people feel better about starving to death. If there is no employment in the country, redefine the Employment Report that comes out every month to include Part Timers and those looking for work, while not counting those that quit looking for work and you have the fundamentals of disaster. Currently the U6 employment data is reporting that since 2009, that there has only been a 2.5% decrease in unemployment to 14%, not the 7.4% Part Time report that the government would want you to believe in so you have Con-findence in the current conditions and will buy things.
The US economy was built on someone buying things until lately, when bean counters have been reducing bottom line expenses in order to make projected earnings. Revenue in so many cases is lacking (People buying things), or Top line revenue. In the current market conditions of huge liquidity, any sell off, because of lack of revenue, has been bought and rewarded. Drop $20, buying opportunity and back the stock roars.
The Affordable Care Act is now encouraging American business to hire part time help, rather than jobs that are full time, which would have benefits now and in the future. That is because government is now requiring Businesses to pay for their full time workers health insurance. This has caused the Bean Counters to make radical changes in business policies in order to keep bottom line earnings in line. They do this by making most of the workers Part Time. This saves them from paying unemployment compensation, health insurance, vacation, and retirement benefits.
Since 2009 The Federal Reserve has been juicing the markets with POMO, (see page 2 for explanation). The whole reason is to liquidize the banks. All other rhetoric is just that. For about a year, the Fed has been buying $85 Billion a month of Mortgage Back Securities from the Banks. This money has been used to juice the stock market, so we have confidence in the economy and we will spend money. This has also kept the 10 year Treasury Yield down, which is the Benchmark rate and guides all interest rates. This suppression of interest rates is the last ditch effort for the Fed to move the economy. Actually, it was an effort with the Banks to move prices up in the real estate market to the levels they are currently. The Banks helped by selling foreclosures to Wall Street firms like Blackstone, who has bought billions of dollars, worth of homes. They did not offer these homes to the consumer, which decreased supply in the retail market and the result was increased price, with the demand. So once again, we had low interest rates and low inventory, and an accommodating media that called bubble increases a recovery.
The Fed is in panic mode, as prices in the housing market have bubbled. The proposed tapering has caused the 10 year treasury yield to rise to 2011 levels and interest rates on to go from 3.5% APR. for a 30 yr. FHA loan to 6.1% APR yesterday. This will cause many who qualified for new homes 6 months ago, to not qualify for a loan, since there is a build out time for new construction to 6 to 9 months and they don't technically start qualification for a loan until 40 days before they close. The housing ETF's on the first couple of pages reflect this as IYR and the ITB just had Death Crosses. Technically, housing is done. The 10 year Treasury yield and note are on Pg. 4 and they just passed critical resistance and imply higher interest rates around the corner. The Fed is likely to taper starting in Oct to $70 Billon through the EOY and then go to $50 Billion starting in 2014.
The other thing about part timers is that they don't qualify for credit cards. This will affect the retail sectors as you have seen with Macy's, Walmart, Saks, etc. The economy is built on someone buying something, but with no credit cards, people will live within their means. Even though this is a good thing, it is bad for business.
Since most of the people you know
are Dems, it doesn't surprise me. Buying at the top and then not making payment for 3 to 5 years worked in the past for the dependent class. It will work again.
Trend
Will the president and Democrats continue to be keep the rate of unemployment for lower class ie. Blacks at high rate of unemployment enslaving them to the government, or is all the rhetoric about helping the lower classes.
noticed that most of the businesses are just
hiring part timers now. Businesses don't have to buy Obama care, no unemployment insurance, and no benefits for old age. The Dems have no clue, neither do the people. Short sighted. But the Dems all think that BO did a wonderful job Thanks Dems.
for conventional they are still in the 4's
6.1% in most venues for FHA - most loans are the 3.5% down payment and that is all they can afford. Bankrate.com has an app. to look it up on a daily basis, or go to the site. Congratulation on your new home. Now to pack everything up, I told my wife if she hadn't used it in 5 years, throw it away. Made it easy LOL
Pods with no I
Right now
The congress has no power over the Fed.
Where I live the medium price homes
in July went up 25% in one year. The parrot media calls this a recovery. Since this was caused superficially with the Obama administration pay back of Wall Street for the contributions and not out of the public sector determining fair market value, this will fail. I am telling all investors to sell their properties NOW, as this is a top in the market. Most people don't listen, as greed always enters in. I talked to one investor and he is selling all his properties to Blackstone, since they are paying up and trying to meet quotas LOL.
Housing
You said "The notion that housing is collapsing is not shared by the home builders. Where is your evidence that housing is falling apart?"
My guess is you are on this technical site, but can't read a chart. Here is the ETF with Home Builders and Home Builder supplies. Since I follow TA and you follow only the liberal Blogs and propaganda, it isn't worth my time to answer you. Like most liberals, you don't listen, you just ask what you think are intelligent questions, but when confronted with truth, just ask another question, trying to deflect being wrong. This is the last post to you.
Check the 30 year FHA apr percent Frday at wells
10 year broke out and with a short squeeze with hedge funds Bamm
https://www.wellsfargo.com/mortgage/rates/
Egypt drops 3.9 percent Sunday
http://www.cnbc.com/id/100970266
That is the Part time employment rate - Propaganda for weak minded
The real number is this -
U6 employment chart
3 hours with no one in front
I think he had to stop for an hour to give us the Republicans hate old people and poor people and want them to die speech to the gullible. LOL
QE per month (Fed bond buys) in Bln$
You mean the fed. But ok, I will give OB the credit for slamming the economy and 14% unemployment according to U6 figures. Problem with drug addicts like Wall Street, is they have the ability to play both sides. Take away the drug and play the short side.
Aug 85
Sept 85
Oct 70
Nov 70
Dec 70
2014
Jan 50
Feb 50
Mar 50
It's about individuals not about the stock market
Change you can believe in - Transforming America into a 3rd world country.
•76% of Americans live paycheck to paycheck
•27% of American have no savings at all
•46% of Americans have less than $800 in savings
•The conversion of America into a part-time working society and the country's second largest employer - a temp agency.
•The college trap and the student loan bubble
•And of course, foodstamps, foodstamps, foodstamps and the nearly 50 million poverty-level Americans who need them to survive
The Fed doesn't have a choice
The housing market got too hot. 2% increases maybe in a year is good. Where I live prices are up 25% of LY and nationwide a conservative percent is 12 to 15%. This was manipulated by the banks not putting out foreclosures and the fed forcing down interest rates. Where I live there are 19,000 homes in some type of foreclosure, so this isn't over. What you will find soon is there will be too many homes and no buyers due to higher interest rates and the U6 unemployment not getting better than 14%. Business aren't hiring full timers because they can hire cheap part timers. Big concern is of course Obama Care and all the hidden costs to business and then you have unemployment costs for 2 years if you hire a full timer. Unemployment using the government figures may come to be under 7% soon, since they are counting the huge amount of part time jobs. Problem with this is Part timers can't buy houses. In the mean time, Obama deal with the big Wall Street Firms like Blackstone, where they are able to purchase homes from the banks, with the banks financing them, took away a means that the middle class could have profited by buying foreclosures and permanent homes at fair value. Instead Obama and the Dems paid off Wall Street for the big election contributions. Funny how BO said he was against this, but as you have seen, it's always the reverse. So you will have a class of part timers in the country and without businesses improving earning top line revenue, this trend will continue. The amount of money that businesses are spending is contracting nationwide in order to keep earning up. So there you have it. Contraction in business spending, contraction in full time help, lack of qualified buyers to buy homes, Wall Street firms who have bought Billions of dollars of homes that they will rent out. Rents are up 10% Year over year and renters discretionary spending is down by 4%. So you are saying things are great. Internals stink. ITB and IYR both Real Estate ETF's had a Death Cross where the 50 crossed the 200 DMA on Thursday. That isn't bullish. The hedge funds are betting the 10 year Bond reverses here with net short position of 66,000 contracts, verses 23,000 the week before. The 10 year climbed over major resistance Friday, which is now support on the weekly chart. Philly Fed Manufacturing in at 9.3 vs 19.8 expectations. The Fed only runs computer models and there are no great minds behind throwing POMO at the banks. Well, not until the stock market and housing market bubble up. We are there. Part timers can build a village, as Hillary Clinton said, but we have a bunch of village idiots running the village.
Closed below the 50 DMA on the daily,broke the trend line, 10 year treasury yield breaking out and there is only a little POPO Monday thru Thursday. 60 point move down, consolidated and now 60 points down to 1600 next.
you know how it goes
The Muslim here helping out the muslim Brotherhood terror group with billions. The left here nodding approval. I think he should take credit again like when he did during the Arab Spring. I think it is funny every time BO makes a don't step over the line or else statement... he forgot to say nothing. Reliving Carter one more time. Regressive policies LOL
apple watch and da blue line
Apple and Da Blue Line real time - F5 to refresh -
http://stockcharts.com/public/3421479/chartbook/312520319;
I spy on Gmail
Google this - Down $11, heading to 862 next - It's not nice to spy on da People http://img819.imageshack.us/img819/7077/lw1z.png
I would go Samsung Galaxy
The bloom is off the rose with apple.
Under 500
thank u very much You missed out at 504 LOL
LOL - No PPI - means no demand
Kutcher This is really good
Rigged
So, thanks to the US Treasury, we know that between January 2009 and April 2013, on days in which the Fed POMO was more than $5 billion, the stock market rose a total of 570 points or 54% of the upmove, on days in which the POMO was between $0 and $5 billion, the stock market gain was "only" 141 points or 15% of the upside, and when there was no POMO, the S&P gained... -51 points.
http://www.zerohedge.com/news/2013-08-13/us-treasury-finally-admits-truth-its-all-pomo-and-no-one-dares-fight-fed
Question
If Obama is fair why did he favor Apple over Samsung.
Price is hitting the back trend line on QQQ
So that may be it for the Apple. Buy Samsung.
The markets are rigged
So basically for the last week or so, the breadth has been ugly in the NYAD, but doesn't reflect in price. The NDX is the strongest index and is holding up the markets. 85 Billion and Ben's - BO's legacy is at stake. If it goes down, no more golf for BO and vacations for Michelle. Markets won't go down with so many drugs being pumped into it. Today the breadth in the NYSE is 11 up to 18 down, just buy big caps $XII and up 5 points on the SPX. LOL If you want fair, don't look to the BO admin. unless you are a drug dealer in jail LOL Today the SPX, RUT, Dow are on sell signals, but the NDX is on a buy. The markets have to be in sync to go down. Max Pain is right in here for OE, so guess we should expect a good day trading environment. Apple is above the 200 DMA and the question is how high. Gap above AAPL price, so that may be the gap rez and stopping place. Apple has the highest capitalization again in the markets thanks to BO favorable veto. Algore who sits on Apple's board, thought that was fair. Dems helping Dems regardless of the ethics involved.
Our country
has been dumbed down so much. Problem is I read all the time, as you do, so there is a tendency to think others are like us. Nope. You and I live on an island with an ocean of ignorance surrounding us. LOL Retail sales was bad for real estate. There needs to be an increase in spending for building supplies and household accessories. Both were negative. ITB and IYR are a day away from a death cross. Should be a good short with housing starts on Friday. The 10 year is down big today with yields up 3.26% - Consolidation before a break out to the upside.
LOL Thought you might like this video
LOL