Prime, you must be having one of your best days ever. I bet you couldn't sleep this weekend knowing the gov't may shut down today. Heck, if the gov't defaults you might actually be fun to be around. People thinking this will be a disaster for the economy are nuts. This will be a two day event at most!
The panamax is holding steady in the high 15,000 range and the total index is down about 20 percent after doubling in a month so I guess you can say your right. I won't bother to get in an argument with you since my portfolio is hitting all time highs for me. Good luck - I've tried to stay away from the board - you guys depress the #$%$ out of me.
Today I placed more money in TMV which is the inverse of interest rates. I've traded this stock for a year, but this is the best way to hedge tol just in case we have a rise in rates. Tol will be fine unless the 10 year goes above 5, but you can hedge the stock by buying TMV or using the call options.
Stock is around 71 and be careful as it's meant to be a short term trading device since it's 3x the inverse rate.
Remember a week or so ago, I stated the market may run in some trouble due to the investor intel report and the fall in the nasdaq mostly the last week or so was dead on accurate. I also stated that I don't think the market would go down much more than 3 percent. Today might not be the end to the correction, but the fact financials are coming back is a good sign. We still need financials to start hitting new highs, but today was a good start.
I just got bashed for not knowing the number. Well inventory in Chicago peaked around 70,000 homes and hit a low point of 29,000 in 2007 - well we are only 2,000 or so above with prices coming back about 14 percent year over year.
just go to housing tracker . net and hit Chicago - I bet even Sage and Prime could do this.
Oh and how about those jobs reports and ISM for Chicago - Chicago PMI came in at the highest in years with a reading above 65.
As far as Toll, the stock price is only being held down because of interest rates. The recent merger and bump in their sales forecast show it's on course.
Remember people, I have been right for 4 years and these 2 guys have got it wrong for who knows how long so who you want to listen to.
I have my own twitter account under JEFF Wills and will be posting more there.
I'm sorry but how does a grocery store closing in one city due to competition mean the whole economy is going down the drain? I would imagine another grocery would come in as people don't stop eating - right?
Wow, No wonder I stop coming to this board on a regular basis.
home sales in the state surged 28.5 percent in July 2013, compared to the same period a year ago. Median prices for homes increased 14.2 percent year over year.
Statewide, the number of condominium and single-family home sales climbed during July to 16,012, hop from 12,461 a year ago — the highest number of sales in a single month since August, 2006.
There was improvement in other metrics too. The statewide median home price in July was $169,000, up 14.2 percent from July 2012, when the median price was $148,000. The median is a market price where half the homes sold for more and half for less than that figure.
In the Chicago region, the numbers were especially strong with the number of home sales up 36.1 percent in July to 11,897. And prices are on the rise. The median home price in Jul, 2013, in the Chicago Primary Metropolitan Statistical Area was up 18.3 percent to $170,000. Homes also are selling faster. Listings took an average 61 days to sell in July, a 26.5 percent drop for July last year.
Not trying to be Debbie Downer, but they are usually late. Having said that X is a good buy on it's own merit and doesn't need GS to say so. Will sell 1/2 my contracts kicking and screaming - will want to get back in after the stock settles down.
Stronger dollar due to end of taper, supply hitting records, and possible deal with Iran will lead to gas under $2.50.
I was shocked this wasn't posted - the fact Chicago doesn't have the higest tower in the country anymore must be coming doom.
Why would an airline need more pilots if the economy was going to tank? Because it's not! Look at the drybulk index and the PMI indexes.
Oh, Amazon will be hiring a record 70,000 part time help at x-mass - must be bad out there right Sage and Prime?
I agree with that. My take on the bdi index was the velocity on how much it has risen the last month and when you combine the PMI, China PMI, and Europe improving I think we have enough evidence that the economy is picking up. Of course gov't can always screw that up, but like I've said previously "they are not that stupid".
The index has doubled in the past month with the larger ship index tripling - that is a little? Give me a break dude.
That is funny you questioning my credibility over the last 4 years. I think we both knew who has been right on Tol and the market the since 2010. I'll let you post your scare tactics, I don't need to be loved like you do. How is your portfolio doing all in cash?
They have a worse record than my 20 year old clock that doesn't work - it always seems to be right once per day.
Builders now are letting some of their customers out of the contract to resell the home at a higher price. The cancellation rate was higher than most builders, but this is not a trend. It is worth noting, however so you finally post something useful. Congrats.
I posted yesterday that it would be a 2 day event and Sage was upset. We will have another scare on the debt issue, but republicans are not that stupid - most of their voters have money in the market and they can't be responsible for a crash. We'll see if the rally holds, but this gov't shutdown happened all the time in the 80's and we managed thru it.
delusional since the low 100's - yea I'm stupid