seen increased revenue in 4th 1/4 - 13% 1/4 over 1/4
Stocks have lagged the market, but aks which was the dog of the bunch could spur upgrades in the coming days.
Prime, don't worry a broken clock is right twice a day so one of these days you will be right - hang in there - bull markets can be brutal.
Just wanted to update - haven't posted in awhile - bull market in tact although the 10 year is going up. Move money into cyclicals such as steel, Baltic dry, and manufacturers. Toll looks like it will break out unless the 10 year jumps which is why you want to hedge with the TMV.
Hope everyone had a great x-mass and lets also hope 2014 is as profitable for us longs as the last 3 years has been. Later.
He is harmless! As long as Prime and Sage are bearish on the market and homebuilders in general, we are safe in our long positions. I check back here now and then just to make sure they haven't turned bullish - of course they could try to trick us, but it's not in their blood. They are one of my economic indicators I use as strange as it sounds.
We all know the Baltic dry index has been a bad indicator the last few years, but now with the inventory in check we are getting a better idea on the world economy and the index is surging - remember these stocks could surge 10 fold if we get any surge in growth.
Mentioned yesterday - Charles forgot his last name
"jeffy" - Sage, sorry to disappoint you but I'm straight. Maybe you like reading family circus or just trying to be condescending, but I take it as a compliment. The fact is you've been wrong for the last five years and quite frankly tried to scare people away from a stock you have no interest in shorting or buying is disgraceful. Having said that, you are still one of my best contrary indicators and free speech should never be discouraged so keep it coming.
Millions of families lost their homes to foreclosure after the housing crash hit six years ago. Now, some of those families are back in the housing market. Call them the "boomerang" buyers.
Millions of families lost their homes to foreclosure after the housing crash hit six years ago. Now, some of those families are back in the housing market. Call them the "boomerang" buyers, as Dawn Wotapka explains on Lunch Break. Photo: AP.
It is difficult to quantify the exact number of boomerang buyers, but real-estate agents, mortgage brokers and home builders all say a significant number of new buyers are families and individuals who went through foreclosure as recently as three years ago, the time period that buyers who defaulted on a mortgage must typically wait before becoming eligible for a mortgage backed by the Federal Housing Administration
Remember we could see a 3.30 10 year soon, but tol should be fine unless we go much above that rate. Traders could pull the sell trigger on homebuilders which is why you want to keep the TMV hedge -
Baltic dry, employment figures, gdp; these are not signs of a weak economy which is why the 10 year is going up - of course Prime will concentrate on a few cities and say the sky is falling.
Sorry about the typo - should be before 1990 ************************************************
just google us aging home population - saw this in the Tribune a couple weeks ago and forgot to post.
Just another sign of demand - might be smart to buy a basket of HD, Tol, and a couple suppliers like USG, SHW, and MAS.
“The high percentage of homes that are at least 20 years old and likely in need of some major repairs is eye-opening,” said Jake Adger, chief economist at RealtyTrac. “However, given the low inventory of homes available for sale in today’s market, this challenge of aging U.S. housing supply can also be an opportunity for buyers looking for a bargain and homeowners looking to update their living space and improve the value of their homes.”
Eric Holder just announced 2 hours ago - not much talk yet, but I think this is the catalyst for the move.
Ok, the employment report was terrible this morning. Other reports like ADP, PMI, GDP show most of the weakness due to weather or some other reason, but I will admit this was weak. Of course we know the minimum wage cannot afford a toll home and never could, but the sky is falling down crowd who've been wrong for 5 years will say told ya so. Lets give them the day as they might actually get out of their mother's basement today. Remember this is not a venting line for losers!
Homebuilders up this morning due to lower interest rates, but we will need better employment numbers in the coming months to keep up the momentum. I would rather have toll go up due to better numbers, and this move might be short lived, but the trend for housing has never looked better.
looks like traffic in malls were down substantially, but sales were up 2.7% slightly ahead of expectations. This might be due to weather, smart phones, and internet sales. In the same context is buyers going to homebuilder models. You know if someone is visiting your community in this weather they must be a serious buyer, so the conversion rate better be above par. I expect this 1/4 may be somewhat weaker, but that pent up demand for the spring might be even larger.