Yeah, who'd want to stick around after a company dumps paper and collects billions in US dollars???
Pardon, I have to go back to planet earth now
People are asking if this is real, when the deal has been announced as DONE.
Wake up and smell the money!
Really? It's down 15 to 20 cents. Still the day is young and the market has no news to digest. It's another Bruce Springsteen end of day--"down down down down" as the lemmings leave the building.
Futures look terrible for 13 Oct, and with the current sentiment and no news till Oct 15, no news is bad news.
See you at minus another two percent, especially the Rustled 2000, never more aptly named. Claims will go down, but housing? I am more interested in existing homes, but you can't get ice water in he11.
Date Time (ET) Statistic For Actual Briefing Forecast Market Expects Prior Revised From
Oct 15 7:00 AM MBA Mortgage Index 10/11 - NA NA 3.8% -
Oct 15 8:30 AM Retail Sales Sep - 0.2% -0.1% 0.6% -
Oct 15 8:30 AM Retail Sales ex-auto Sep - 0.6% 0.3% 0.3% -
Oct 15 8:30 AM PPI Sep - 0.0% 0.1% 0.0% -
Oct 15 8:30 AM Core PPI Sep - 0.1% 0.1% 0.1% -
Oct 15 8:30 AM Empire Manufacturing Oct - 20.0 20.0 27.5 -
Oct 15 10:00 AM Business Inventories Aug - 0.5% 0.4% 0.4% -
Oct 15 2:00 PM Fed's Beige Book Oct - NA NA NA -
Oct 16 8:30 AM Initial Claims 10/11 - 295K 290K 287K -
Oct 16 8:30 AM Continuing Claims 10/04 - 2400K 2400K 2381K -
Oct 16 9:15 AM Industrial Production Sep - 0.5% 0.4% -0.1% -
Oct 16 9:15 AM Capacity Utilization Sep - 79.1% 79.0% 78.8% -
Oct 16 10:00 AM Philadelphia Fed Oct - 15.0 20.0 22.5 -
Oct 16 10:00 AM NAHB Housing Market Index Oct - 58 59 59 -
Oct 16 10:30 AM Natural Gas Inventories 10/11 - NA NA 105 bcf -
Oct 16 11:00 AM Crude Inventories 10/11 - NA NA 5.015M -
Oct 16 4:00 PM Net Long-Term TIC Flows Aug - NA NA -$18.6B -
Oct 17 8:30 AM Housing Starts Sep - 975K 1022K 956K -
Oct 17 8:30 AM Building Permits Sep - 1000K 1040K 998K -
Oct 17 9:55 AM Mich Sentiment Oct - 83.5 84.0 84.6 -
Yo sharky. Short squeeze orchestrated by bots, shorts got their clocks cleaned. Apparently the "tie breaker" is on Janet's inflationary side, since she's invented new wage related stats designed to keep the worker's poor salary leverage center stage. The new stat seems to want to answer the question, what good is 100% employment if everyone is making minimum wage?
Add that to Fed debate, and you have confusion, counter intuitively for a market that loves certainty or use to, to make bets on loose money forever. Talk about irrational exuberance.
Silver is soaring another 1.5%. There go the cattle, may you run with them.
SLW BLASTS upward nearly 9% taking an inflationary stance on the replay of Fed notes, as if the playing of that DVD had a new ending or easter egg. Combine that with a short squeeze, and some new mining results, and silver improving a bunch you have a perfect storm I didn't see coming. And silver is up another 1.1% PM 9 Oct. Get out de way.!
That was an insane turnaround orchestrated with the help no doubt of all those bots entering and eventually controlling the action. AA is up on better news, so the improvement of the economy seems to get a boost, whether real or mythological.
Somebody rang the register, and even I made money on my MREITS and sucked up a healthy divvy. Sheesh will wonders never cease!.
Add over the next month. I plan to double down for any more silly dips.
Time to scoop up cheap shares, this is getting silly for a bank in one of the best areas of improvement in the economy in the nation. It's a puzzlement, and I think folks in that region are overthinking the rate hikes to come, if they come at all, given the Fed's penchant now to invent another excuse to keep them low, this new employment stat they've invented for just that purpose.
Preparing to double down.
The lowest it's ever been is about .62, at which point I am all in with my last double down.
A lot of folks don't know what that ratio means. It means that for every 71 pennies of share price, there is a DOLLAR value in assets "chasing it" as of end of June. That's $5.40 value chasing $3.98 share price--the shares are selling at a 40% DISCOUNT.
That's a lot of cushion, even if book value sinks 20%.
We'll only see a flight to safety if the Fed indicates it understands that inflation is here, and they decide wage inflation is overdue and not something to slap an interest rate hike upon.. What used to happen is, the moment the wages got hiked, the interest rates went up with it to suck the last vestige of juice out of joe, lest he waste his money buying food clothing and shelter (the pig!).
This is a heads you lose tails you lose scenario with commodity prices. I don't see relief here.
I can think of 8 inches of stainless steel stuckupyourazszszsz that would look real good now.
ARR's book value per share as of Jun. 2014 was $5.46.
During the past 3 years, average Book Value Per Share growth rate was -7.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -9.60% per year.
Over 7 years, the highest 3-Year average Book Value Per Share Growth Rate of ARMOUR Residential REIT Inc was 7.30% per year. Lowest was -13.30% per year, median was -7.10% per year.
ARMOUR Residential REIT Inc's share price is $3.93. Book Value per Share for the quarter ending June 2014 was $5.46. Therefore, ARMOUR Residential REIT Inc's P/B Ratio of today is 0.72 a WHOPPING discount to .
Over the previous 7 years, highest P/B Ratio was 1.86. Lowest? 0.67. Median was 0.94.
What's all this mean? Cheap shares kids, IMHO