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SPDR Dow Jones Industrial Average ETF Message Board

SpinalTap58 15 posts  |  Last Activity: Jul 20, 2015 7:33 PM Member since: Aug 4, 2008
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  • spinaltap58 by spinaltap58 Jul 20, 2015 7:33 PM Flag

    yes, no, maybe so?

  • spinaltap58 by spinaltap58 Jul 20, 2015 7:31 PM Flag

    Defaults reported by credit rating agencies such as Moody's don't tell the whole story, as they only include rated bonds, according to the Fed researchers in their blog post titled, "The untold story of municipal bond defaults." Including unrated bonds in the total number of defaults exponentially increases the number of defaulted municipal bonds.

    Read more: http://www.bankrate.com/finance/investing/avoid-municipal-bonds-that-default-1.aspx#ixzz3gTelGC00

  • spinaltap58 by spinaltap58 Jul 7, 2015 11:23 AM Flag

    How long can this last? Mortgage rates have started to increase and could head higher once the Federal Reserve finally starts to hike interest rates.

    At a bare minimum, the refi boom may be over. And if mortgage rates really spike higher, we could start to see a slowdown in both existing and new home sales.

    Fortunately, there are no signs of that yet. Home sales topped expectations last month. But building permits plunged in February. Some of that may be due to the weather. But not all of it.

    Related: Oil crash may kill the Texas housing boom


    The huge drop in oil prices could hurt demand for housing in markets with close ties to the energy industry. Good luck trying to blame weakness in Texas and Louisiana on the winter weather.

    And even though the job market is improving, many younger people are still choosing to rent (or live at home with their parents) instead of buying. That trend may continue if mortgage rates climb further.

    Luckily, banks have tightened credit since the last housing bubble. Lenders are in much better fiscal shape than this time eight years ago. There shouldn't be another subprime meltdown.

    But don't be surprised if the housing market starts to cool off for a bit given how spectacular the rebound has been. And if that's the case, economic growth may start to slow a little as well.

  • spinaltap58 by spinaltap58 Jul 5, 2015 10:06 AM Flag

    Which is quite conservative. It should be more inline with linked in which is at 207 a share.

  • Facebook should be well over 200 share price.

  • And Southerners have began a boycott of the company for Walmarts Removal of Confederate Flag Merchandise .A man in Louisiana is asking for an explanation from Walmart after his request for a Confederate flag cake at one of its bakeries was rejected, but a design with the ISIS flag was accepted.

    Chuck Netzhammer said he ordered the image of the Confederate flag on a cake with the words, "Heritage Not Hate," on Thursday at a Walmart in Slidell, Louisiana. But the bakery denied his request, he said. At some point later, he ordered the image of the ISIS flag that represents the terrorist group.

    PHOTO: Boxes move along a conveyor belt at an Amazon fulfillment center on Jan. 20, 2015 in Tracy, Calif.

    "I went back yesterday and managed to get an ISIS battleflag printed. ISIS happens to be somebody who we're fighting against right now who are killing our men and boys overseas and are beheading Christians," Netzhammer said.

  • Reply to

    Sell Off

    by spinaltap58 Jun 17, 2015 1:11 PM
    spinaltap58 spinaltap58 Jun 29, 2015 11:00 PM Flag

    I can't believe it either! but anyway they just lost another 2 billion....

  • Reply to

    Sell Off

    by spinaltap58 Jun 17, 2015 1:11 PM
    spinaltap58 spinaltap58 Jun 28, 2015 3:14 PM Flag

    NAV MAY BE ZERO..00000

  • Reply to

    Sell Off

    by spinaltap58 Jun 17, 2015 1:11 PM
    spinaltap58 spinaltap58 Jun 27, 2015 2:54 PM Flag

    Possibly another 2+ Billion were yanked out Mike...since then

  • Reply to

    Southerners to boycott Walmart

    by spinaltap58 Jun 23, 2015 8:37 AM
    spinaltap58 spinaltap58 Jun 25, 2015 9:34 PM Flag

    I hear ya mike ...Im pro Southern Northerner...Love y'all and your grits and whiskey... this removing the flag thing is like #$%$ Germany or communist Russia taking away peoples rights and freedom of speech....I think its a part of History.....

  • Because they will no longer fly the flag. This should bring prices down.

  • spinaltap58 by spinaltap58 Jun 17, 2015 1:11 PM Flag

    As a result, retail investors yanked $2.6bn out of US junk bond investment vehicles in the seven days to June 10, according to EPFR Global, the biggest weekly outflow since mid-December. Several high-profile exchange traded funds were among the biggest victims, tumbling sharply as money flowed out

  • spinaltap58 by spinaltap58 Jun 3, 2015 5:20 PM Flag

    The sudden exit of Bill Gross from Pimco sparked a knee-jerk selloff in the Treasury market, a drop in Pimco closed-end funds and rallies in competitors' shares as traders gamed whether the world's largest bond house would see an exodus of investors and a repositioning in its funds.

    He will be succeeded by Daniel Ivascyn, the company announced later on Friday.

    Treasury yields moved higher, with the 10-year going from about 2.50 to 2.54 percent, before retreating back to 2.52 in midmorning trading

  • spinaltap58 by spinaltap58 Jun 3, 2015 5:15 PM Flag

    This is one of the most underpriced stock on the market. 1 Year target should be no less than 195.

  • David Stockman has a stark warning for the world: Stocks and bonds are on the verge of a catastrophic collapse.

    On CNBC's "Futures Now" Thursday, the former OMB Director said that excessive monetary policy has forced central banks all over the world into a corner, and as a result, "the markets are going to be in for a huge, nasty morning after as people begin to look at where we really are."

    Stockman questioned the real strength of the economy, noting that despite the fact that the U.S. is in the midst of one of the "longest expansion or recovery periods we've had in the post-war period," we're currently in month 78 of zero interest rates. By his logic, the market has become far too dependent on the Fed.

DIA
166.33-0.12(-0.07%)Aug 28 4:41 PMEDT