YOUR FRIENDS' ACTIVITY

    • Sales of existing homes unexpectedly fell 0.6% to a seasonally adjusted annual rate of 4.92 million in March, the National Association of Realtors reported Monday. Analysts had been expecting an increase of 5.03 million homes. February existing home sales were revised down to 4.95 million from an original estimate of 4.98 million.

      The numbers in March continue to point to a healthy housing recovery: existing home sales are up 10.3% compared to a year ago and the median home price in March ($184,300) is nearly 12% higher than it was in March 2012. Last month also marks the largest year-over-year price growth since November 2005.

      Related: Toll Brothers CEO: ‘Housing Recovery Is the Real Deal This Time’

      David Rosenberg, chief economist and strategist at Gluskin Sheff, says growth in the housing market could be slowing. He notes that first-time buyers are still hesitant about taking on mortgage debt and their absence from the market is the “missing link” in the recovery.

      “Most of this

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    • After rising early on, stocks were mixed Monday midday, with the Dow down slightly and the S&P 500 and Nasdaq mildly higher. Coming on the heels of last week’s selloff – the worst since November – a lot of folks are worried if the bull is running on its last legs.

      Skeptics like John Hussman are pointing to a very bullish cover story in Barron’s – where the semi-annual Big Money poll showed record levels of bullishness -- as a contrarian indicator and another sign the rally is getting very long in the tooth.

      “When the cover of a major financial magazine features a cartoon of a bull leaping through the air on a pogo stick, it’s probably about time to cash in the chips,” writes fund manager John Hussman, one of the Street’s most vocal bears.

      But most investors would be smart to ignore Hussman and other institutional scolds, according to Howard Lindzon, CEO of StockTwits.

      “When someone turns from bearish to grumpy it’s a sign they really should find another business,” Lindzon says. “You

      Read More »

    • Why the Peak Resource Crowd Is Wrong

      By Bernice Napach | Daily Ticker – Mon, Apr 22, 2013 11:29 AM EDT

      Legendary investor Jeremy Grantham says we're headed for "a disaster of biblical proportions" because the earth has only enough resources to support a population of 1.5 billion-- just a fraction of the 7 billion already here on earth and growing.

      Computer scientist and former Microsoft executive Ramez Naam agrees that the world's population now is using too many resources, but he's confident that we can not only remedy the situation but enhance our standard of living through ingenuity and innovation.

      The author of the new book, The Infinite Resource: The Power of Ideas on a Finite Planet, tells The Daily Ticker, " "It's possible for humanity to live in higher numbers than today in far greater wealth, comfort and prosperity with far less destructive impact on the planet than we have today...We need to act but if we do act there's a bright future ahead."

      So on this Earth Day we look at what can be to save out planet?

      Here's the basic problem, as Naam sees it: “...the world’s population

      Read More »

    • Over the past six months, Wall Street has gone from thinking that Apple can do no wrong to thinking that there's no way Apple will ever again do anything right.  And, that said, Tim Cook's role as CEO has been brought into question.

      As a result, the stock has collapsed from a high of $702 to a recent low of $390 last week.

      And Wall Street is now bracing for what most people expect will be a terrible quarterly earnings report and outlook on Tuesday.

      Apple's results in the December quarter disappointed many analysts, and the company's outlook for the first quarter was also meh. But now, after a steady flow of news reports suggesting that first-quarter sales have not gone well, as well as Apple's failure to release any new products so far this year, many on Wall Street think that Apple will miss even its low guidance for the quarter. Worse, many expect that Apple will provide an outlook for the June quarter that is far below what Wall Street is currently expecting.

      In other words,

      Read More »

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