Posted: 01 Apr 2009 11:42 AM PDT
I remember when I first got “The Lesson” from Burt Blumert…
The lesson is simple. It takes two minutes to receive. And it’s easy to understand, but incredibly powerful.
Burt taught me the lesson in his office, just outside of San Francisco…
He started by pulling a handful of dollar bills out of a velvet bag. At first they all looked the same. Then Burt asked me to read out loud the guarantee on each bill. I started with a $20 bill from the 1920s.
The bill said, “This … [visit site to read more]
How Europe ETFs Are Handling The Real Estate Collapse
Posted: 01 Apr 2009 09:00 AM PDT
After the spectacular collapse of the housing market, the European housing market is still plagued by the credit crunch and this may not leave much room for development in related E.U. real estate exchange traded funds (ETFs).
Investment in the housing market around Europe, most notably by United Kingdom denizens with equity, has left many buyers with little or sometimes no capital gains as property prices in Europe plummet, reports Anna Mikhailova for Times Online.
Many developers … [visit site to read more]
Will The Dark Cloud Of Commercial Real Estate Blot Out The U.S. Recovery?
Posted: 01 Apr 2009 08:30 AM PDT
Stock prices have rallied for much of last month. The housing market has shown some early signs of life. And some of the latest economic reports haven’t been the disasters that many experts feared.
While this is hardly a portrait of an economy on a roll, there are enough bright spots to nurture a feeling that the U.S. economy is finally on a path to recovery - especially given the upbeat response the latest elements of the Obama administration’s fix-it plans have received.
But … [visit site to read more]
Zimbabwe: World’s First Trillion Dollar Ad Campaign
Posted: 01 Apr 2009 08:22 AM PDT
To protest the hyperinflation that has rendered the Zimbabwe currency worthless and to raise awareness of the dire economic situation there, the Zimbabwean Newspaper created an ad campaign featuring huge posters, wall murals, flyers, and even billboards all made out of trillions of Zimbabwean dollars. Check out the photos from the newspaper’s Flickr photostream.
The Mugabe regime has destroyed Zimbabwe. It has presided over the brutal oppression of the opposition, a cholera … [visit site to read more]
Forex Trading: ECB & G20 Meeting Overshadow Important Economic Data Releases
Posted: 01 Apr 2009 07:20 AM PDT
While markets are logically focused on the ECB and G20 meetings, perhaps one of the smaller economic releases is flying below the radar. Yesterday (Tuesday), S&P/Case-Schiller Index dropped -18.97% y/y in January. While the slide in US housing prices was inline with analyst expectations, it clearly highlights a threat to the US economy and recent calls of stability. The combination of rising unemployment rate and declining home prices is a volatile concoction which could easily … [visit site to read more]
USD/CHF Index: The Downside Prevails.
Posted: 01 Apr 2009 07:10 AM PDT
Update on supports and resistances. … [visit site to read more]
USD/JPY Index: Under Pressure.
Posted: 01 Apr 2009 07:10 AM PDT
Update on supports and resistances. … [visit site to read more]
USD/GBP Index: Capped By A Negative Trend Line.
Posted: 01 Apr 2009 07:10 AM PDT
Update on supports and resistances. … [visit site to read more]
USD/EUR Index: Key ST Resistance At 76.5.
Posted: 01 Apr 2009 07:10 AM PDT
Update on supports and resistances. … [visit site to read more]
Was Equity Rally An Early April Fool?
Posted: 01 Apr 2009 06:49 AM PDT
The FTSE ended on a bullish note yesterday, but a late sell-off in the US took the punch bowl away. Most markets are quietly watching the G20 April Fools’ meeting.
While enough people believe that something useful might come out of G20 the markets are likely to lack any real trend. Gold and equity markets are lacking firm direction and currencies are likely to flip on the latest G20 leak/ statement/ walkout. Add to the mix the ADP employment and ISM numbers from the US, and the … [visit site to read more]
EUR/USD Choppy On The First Day Of Trading For The Month
Posted: 01 Apr 2009 06:33 AM PDT
The EUR/USD has gotten off a choppy start to the new month. The high came in as New York arrived at 1.3280. The low for the day came in at 1.3172. The ADP had little impact. On the topside there is intraday resistance at the high at 1.3280. Additional resistance comes in at 1.3318 where the 100 hour MA is located. Yesterdays high came in at 1.3342.
On the downside, intraday support comes in at 1.3218. There was a correction high at the level and 100 bar MA on the below … [visit site to read more]
All Fools Day And The G20 Gather
Posted: 01 Apr 2009 06:30 AM PDT
Despite poor data from the Chicago PMI, weak consumer confidence and more dire housing data, stocks jumped back. It turns out that the world decided that Monday’s sell-off was just a buying opportunity for bargain hunters? A change may be coming Thursday to “mark to market” from the FASB (see below). The bad news was that we had another negative quarter, but March was an up-month for the broad index readings.
Today’s (Wednesday) Market Moving Stories
So the curtains down on Q1 2009 … [visit site to read more]
Financial Terrorism: What The Bank Bailout Really Is
Posted: 01 Apr 2009 05:50 AM PDT
Can we just drop the pretense and start calling the bank bailout what it is: Financial terrorism.
Terrorism can be defined as achieving one’s aims through fear. And it sure seems to me that bankers and their friends in government are extorting money from the taxpayers (you and me) with a threatening “or else” that goes something like this: “Give us the money or the entire financial system will implode.”
And as we fork over the extortion money, these corporate gangsters put us on the … [visit site to read more]
Gold Rallies, Following The Appreciation Of Euro And British Pound
Posted: 01 Apr 2009 05:34 AM PDT
Gold is rallying Wednesday, following the appreciation of the Euro and the Pound. The correlation between Gold and the EUR/USD and GBP/USD is becoming clearer by the day. However, the correlation is odd since these two currency pairs are positively correlated with the S&P futures when Gold is normally negatively correlated with U.S. equities. As a result, Gold is opting to exhibit a positive correlation with U.S. equities, a strange occurrence we’ve witnessed periodically … [visit site to read more]
AUD/USD - Conflicting Signals In Consolidation
Posted: 01 Apr 2009 05:31 AM PDT
AUD/USD, as shown on the accompanying daily chart, has consolidated in a flag formation after showing signs of some significant bearishness earlier on in the week. After breaking down below the 0.6850 support/resistance level on Monday, price subsequently bounced right back up and into the current flag pattern consolidation. While this flag hints at an upside continuation break, oscillators are showing signs of a bullish exhaustion, as price is moving back down from overbought … [visit site to read more]
First Thoughts Of The Oil Barrel In Q2
Posted: 01 Apr 2009 05:20 AM PDT
A bearish set of APIs dictated the relative underperformance of distillate vs crude oil this morning. The more eye catching data from APIs were probably the implied demand numbers for me. While distillate stocks built, distillate implied demand is falling off rapidly and if DOE stats were to mirror APIs, middle distillate crack spreads will fall hard and fast in the prompt months.
However, refineries are responding to the supply dynamics of middle distillate, as represented by both run … [visit site to read more]
Futures Outlook For Wednesday: S&P, Mini Dow Jones, Crude Oil
Posted: 01 Apr 2009 05:10 AM PDT
S&P 500 June Contract
S&P held 807 and has come sharply lower through to 779.90. Support is firm at 777/775 and buyers will look to defend this support level, not giving in without a fight. As the support holds, more buyers will join the fray and expect buyers to win the initial battle. This would leave a double bottom on the short term charts which would give the buyers a free rein once more up to 807. Profit taking at these higher levels should cap initial attempt.
However … [visit site to read more]
Futures Outlook For Wednesday: FTSE, DAX, Eurostoxx
Posted: 01 Apr 2009 05:10 AM PDT
FTSE June Contract
Ftse continued with gains yesterday and once above 3753 the buyers took over and thrust this higher with 3915 seen as the high. As to be expected profit taking and sellers came in at the highs to give the market a breathing space. Now your first support this morning is at 3861. Buyers will be loitering around this point looking to re-enter the market.
However there is good resistance at 3900/3920 and sellers will once more appear to try and halt the advance. If however … [visit site to read more]
British Pound Shows Considerable Strength Against US Dollar And Euro
Posted: 01 Apr 2009 05:07 AM PDT
The Cable is showing considerable strength against both the Dollar and the Euro. The GBP/USD continues its impressive rally from our near-term downtrend line and is approaching our 2nd tier uptrend line. The relative strength of the Pound comes on the heels of an encouraging improvement in Britain’s Manufacturing PMI data. The rally taking place in the S&P futures is only helping considering the positive correlation between U.S. equities and the GBP/USD.
However, it will be … [visit site to read more]
EUR/USD Picks Itself Up After Tuesday’s Losses
Posted: 01 Apr 2009 05:03 AM PDT
The EUR/USD is picking itself up after yesterday’s (tuesday) losses, preventing a close on the 4-hour below 3/30 lows. Strength in the EUR/USD comes despite a higher than expected Unemployment Rate for the EU region. We notice a tight positive correlation between the EUR/USD and the S&P futures as we’ve seen throughout the economic crisis. Investors expect a recovery in the EU region to follow stabilization in America’s economy, improving the outlook for German and French … [visit site to read more]
Gold Chalks Up Second Straight Quarterly Gain
Posted: 01 Apr 2009 04:04 AM PDT
Gold rose 0.8% yesterday (Tuesday) (silver -0.4%), as the dollar came under pressure ahead of the G20 gathering in London.
It was the last day of the first quarter which saw gold rise 4.3% which is a second straight quarterly gain. In the quarter, gold was up some 10% in euro terms and some 6% in pound terms.
Gold thus again outperformed most other asset classes (as per performance tables below). The Dow Jones Industrial Average (^DJI) ended the first quarter of 2009 at 7608.92, … [visit site to read more]
We’ve Entered The “Global Ice Age”
Posted: 01 Apr 2009 04:00 AM PDT
“We’ve entered the Global Ice Age,” my friend and currency-fund manager Jack Crooks told me over the weekend.
I’ve known Jack for 15 years. We worked 15 feet away from each other for over a year. I learned a lot from him about currencies - his specialty. And I always respected his integrity, which he puts above everything else…
He’s a true contrarian investor. Last July, I attended a speech he gave. The title was “The Euro Could Soon Be History.” Going against every trader in the … [visit site to read more]
Posted: 01 Apr 2009 03:57 AM PDT
China has been more vocal than ever ahead of tomorrow’s (Thursday’s) Group 20 financial summit, a development that highlights the nation’s dissatisfaction with the dollar, as well as its desire for greater political and economic influence on the world stage.
After questioning the dollar’s viability as the world’s main reserve currency, Beijing recently took another step in its quest to expand the role of its own currency, the yuan, by agreeing to a $10 billion (70 billion yuan) … [visit site to read more]
USD/JPY Hits The 200-Day Moving Average
Posted: 01 Apr 2009 03:53 AM PDT
The USD/JPY remains trading bound by both the 200 Day MA and 100 Day MA as the pair was unable to break and run north earlier. The pair firmed up early in the trading session touching this key 200 Day MA until fears regarding US auto bankruptcy brought the pair down to session lows, preventing the indicator’s breach.
The USD/JPY is currently trading around the 99 handle as traders await the US trading session to get … [visit site to read more]
Posted: 01 Apr 2009 03:42 AM PDT
Gold prices are at a key support level, where just a slight push either way will lead to a breakout move. The daily moving averages and a key trendline hold the current price in the balance. Let’s look at Gold’s daily structure.
A rising trend channel has developed off the October 2008 lows which carries to this day. Gold had false breakout of the trend channel in late February when it tested the $1,000 per ounce level (and subsequently failed), and now we’re hovering … [visit site to read more]
A Modest Proposal To Restore America
Posted: 01 Apr 2009 03:40 AM PDT
As we approach the G20 summit and America faces a decline in status during this global financial crisis, I would like to offer a modest proposal to restore America’s prestige and power.
The critics have it all wrong. It’s not all about AIG (AIG) or Goldman Sachs (GS). It’s not all about the financial system. It’s not about GM (GM) or Chrysler. Go back to the writings of Michael Porter and consider what are America’s competitive advantages?
The world’s premier reserve currency, … [visit site to read more]
Posted: 01 Apr 2009 03:20 AM PDT
Consumer Confidence Hovers Near Low; Peru Stock Market Turns a 180; Air Canada Changes Direction; Barclay’s Holding iShares Sale Talks; Mexico Wants $40 Billion from IMF; Second Chicago Paper Goes Bust; Private Equity Firms May Invest in “Toxic” Assets; Google Forms Venture Capital Arm
U.S. consumer confidence, as measured by the Conference Board’s sentiment index, clocked in at 26.0 in March, up from the upwardly revised 25.3 in February. “Apprehension about the outlook for the … [visit site to read more]
A Macro Economic Look At What Might Be Happening In April
Posted: 01 Apr 2009 03:14 AM PDT
Well, at long last, March is over. As frustrating as it was, and as difficult as trading was, it was actually Macro Man’s best March in at least five years. Talk about damning with faint praise…
In any event, after yesterday’s polemical fireworks and, potentially, today’s literal ones, it’s now time to look forward to April and jump-starting Q2. What are the things that Macro Man is looking at? Some of the things on his radar include the following:
* Equity noise. This year, Macro … [visit site to read more]
The U.S. Automakers: A Slow Motion Disaster
Posted: 01 Apr 2009 03:00 AM PDT
I’ve said it before and I’ll say it again. The greatest thing about our country and its economic system that rewards those with good ideas, products, business practices, and profitable ways of improving peoples lives.
It’s something I’ve always had a certain amount of pride in knowing.
It’s the basis behind the greatest country in the world the United States of America - and by extension, the American dream. Work hard, do the right things: build, construct, invest, learn, educate and … [visit site to read more]
New Tax Relief For Brazil’s Gafisa
Posted: 01 Apr 2009 02:00 AM PDT
On Monday, the Brazilian government announced new tax reliefs for the construction sector. For the next 3 months, 30 items - cement, electric devices, etc. - will have a value added tax relief that can be renewed at the end of the 3-month period, depending on the economic situation.
With the new tax relief, it is expected that retail prices of construction materials could be reduced by as much as 8%. It seems that the Brazilian government is trying as hard as possible to stimulate the … [visit site to read more]
Video: 04/01 Car Makers Help Struggling Customers
Posted: 01 Apr 2009 06:00 AM PDT
Detroit looks to help customers hit by layoffs. … [visit site to read more]
Posted: 01 Apr 2009 12:00 AM PDT
One of the most obvious effects of the credit crunch has been to show the importance of politics in the markets.
These past years, hedge funds and banks have had analysts who were quantitative experts. They were maths grads and number men/girls. These people were the masters of the universe of financial prediction. And they were all wrong, almost entirely, swept away by the mistakes in their own algorithms (there is worthwhile comparison piece to be done here with Global Warming … [visit site to read more]
March: Best Monthly Stock Gain Since Oct. 2002
Posted: 31 Mar 2009 08:20 PM PDT
The S&P 500 Index (^GSPC) rose 8.5% in March, the best monthly gain since October 2002 (see chart … [visit site to read more]
What’s Next For GM? Cabinet Members On The Board Of Directors?
Posted: 31 Mar 2009 08:00 PM PDT
Bizarre things continue to happen with regards to the economy and these unprecedented times. On Monday, Rick Wagoner, the Chairman and CEO of General Motors (GM) or GM, was asked to step down by the Obama administration. This blatant move by Obama is unheard of, as the government does not usually tend to force business leaders to quit or resign.
When questioned, The White House confirmed Wagoner was leaving at the government’s behest after The Associated Press report. His immediate … [visit site to read more]
Why Commodities And ETFs May Have Best Quarter Since Mid-2008
Posted: 31 Mar 2009 07:58 PM PDT
As of midday, commodities and the sector’s related exchange traded funds (ETFs) are headed for their best quarter since the middle of last year. What gives?
Last year marked a boom period for commodities, and many of them hit records - most notably, oil and gold. Around the middle of July, however, a deep correction began that never really fully righted itself. But on the last trading day of the first quarter, the Reuters-Jefferies CRB Index, which tracks prices across 19 mostly … [visit site to read more]
General Motors - Price Target Remains $0
Posted: 31 Mar 2009 07:32 PM PDT
We believe that the best chance for General Motors Corp. (GM) survival in the long run is to file for bankruptcy to rid itself of Unions, pension and health care issues, and separate dealerships from the rest of the company.
Unconvinced with the restructuring plan that GM presented on February 17, 2009, the administration forced CEO Rick Wagoner to resign and gave the company 60 days to formulate a viable restructuring program. President Obama warned General Motors unions and … [visit site to read more]
Posted: 31 Mar 2009 07:30 PM PDT
We’ve heard everyone from the far right to the far left criticize the administration’s plan to kick out General Motors (GM) CEO, Rick Wagoner, and the resulting “back to the drawing board order.” The outcry has been a little on the ridiculous side. Let’s face it - he deserved it.
What seems to be scaring investors is that they believe the very essence of our capitalist society is on the verge of breaking down. But that’s simply ludicrous. Wall Street has plunged over the news in the … [visit site to read more]
Consumer Lending Actually Increasing In Mid-Sized Cities In The US
Posted: 31 Mar 2009 07:29 PM PDT
Here is a look at how lending (in terms of consumer credit balances) in midsized cities is actually increasing in comparison to the rest of the nation.
From the WSJ:
Consumer-lending activity has increased in numerous midsize cities in the U.S., a sign they are riding out the recession better than big cities and rural towns, an analysis of credit data shows.
As banks pull back on risk taking across the nation, consumer-loan balances in places like Huntsville, Ala., are rising. In … [visit site to read more]
The Look Of Great Depression 2.0
Posted: 31 Mar 2009 07:20 PM PDT
While I claim credit for offering an early and comprehensive vision of how the next Great Depression - GD 2.0 - might play out, others have since had a stab at it.
Not surprisingly, most seem hesitant to take matters to their logical conclusion.
Nonetheless, I believe we can always benefit from hearing alternative views about the future, even if they only serve to validate our original perspectives.
The latest example is a Wall Street Journal article by Justin Lahart, entitled … [visit site to read more]
US Home Prices Drop Record 19% In January
Posted: 31 Mar 2009 07:20 PM PDT
Home prices in the U.S. plummeted a record 19% in January from a year earlier, as demand plunged and foreclosures continued their relentless rise, according to an industry report released today (Tuesday).
The January S&P/Case-Shiller index fell more than forecast and topped the 18.6% decrease in December. The gauge of 20 U.S. real estate markets has fallen every month since January 2007, indicative of a U.S. housing market in the throes of a deep recession.
“There are very few … [visit site to read more]
Forex Traders Turn Focus Toward G-20 Meeting
Posted: 31 Mar 2009 07:10 PM PDT
The U.S. Dollar finished the day lower against most majors with the exception of the Japanese Yen. Renewed interest in higher-yielding currencies following Monday’s hard break in the equity markets supplied the bearishness. Traders seemed a little more optimistic today about the global economy.
Yesterday’s (Tuesday) rally in the Dollar was triggered when the U.S. rejected financial aid pleas by General Motors and Chrysler. While the decision may have seemed harsh, traders were a little … [visit site to read more]
How Different Dividends Are Treated Under The U.S. Tax System
Posted: 31 Mar 2009 07:00 PM PDT
As much as I hate to say it, yet another tax day is rapidly approaching. Like me, you’re probably busy wrestling with all the forms and trying to figure out all the convoluted rules and regulations.
That’s why I’ve decided to devote today’s story to the subject of dividend taxation in the US. … [visit site to read more]
Today’s Stock Market Action May Just Be Bogus
Posted: 31 Mar 2009 07:00 PM PDT
I’m not real sure we can make too much of this type of activity until we get past Friday’s employment data since today’s action may just be bogus frankly.
Volume was again below average while breadth was quite positive.
March wraps-up with some green as cynically one might believe some tape painting was present. But it is … [visit site to read more]
What Would A 21st Century Recession Look Like?
Posted: 31 Mar 2009 07:00 PM PDT
Here is a quick look at an article from the WSJ that asks the question: what might a recession look like in 21st century America?
From The WSJ:
In the wake of the biggest financial shock since 1929, economists say the odds of a depression are less than 50-50 — though still uncomfortably high. But even if a depression comes to pass, a 21st-century version would look very different from the one 80 years ago.
There is no consensus definition for “depression.” Harvard University … [visit site to read more]
Video: 04/01 Pre Market: Auto Sales
Posted: 01 Apr 2009 12:00 AM PDT
The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]
Ford And General Motors Offer ‘Customer Protection’ Plans
Posted: 31 Mar 2009 05:45 PM PDT
Ford Motor Co. (F) declared that it is offering a payment protection plan that would help new vehicle buyers who lose their jobs.
The Dearborn, Mich.-based said that it would meet auto loan payments worth $700 a month for up to a year on new Ford, Lincoln or Mercury vehicles. It also stated that it would offer zero-percent financing on the above-mentioned vehicles.
“Consumers remain anxious about the economy and their own outlook for the future,” Ken Czubay, vice president of … [visit site to read more]
Shrinking US Demand Keeps Canada’s Economy Underwater In January
Posted: 31 Mar 2009 05:40 PM PDT
Canada’s economy contracted for the sixth straight month in January as automobile production and construction fell. The 0.7% decline follows decreases of 1.0% in December and 0.7% in November.
Canada’s manufacturing sector slipped 3.1%, and about half of that decline came from slumping motor vehicle and parts production - the result of slumping U.S. demand, Statistics Canada reported today (Tuesday). It also brought the level of production in the Canadian motor vehicle and parts … [visit site to read more]
Stock Trading: Using The TICK To Time Entries On A Trend Day
Posted: 31 Mar 2009 05:31 PM PDT
Trend Days are more common now than they used to, and so it’s a good idea to look for methods to be more profitable when they occur. Let’s look at how the TICK can be used to time entries into an established Trend Day.
(Click for larger image)
We could have suspected a Trend Day was forming early on, from the morning announcement that the Government refused to bail out General Motors (GM) (a big news event) and from the morning’s large-scale opening gap that did not fill. … [visit site to read more]
Goldman Sachs Remains The Market Leader And A Leading Market Indicator
Posted: 31 Mar 2009 05:30 PM PDT
As Henry Paulson took office as the Treasury Secretary of the United States in mid 2006, succeeding John Snow, Goldman Sachs (GS) suddenly became a market leader. Henry Paulson, the former director and CEO of Goldman Sachs, along with the other major investment firms, had helped get the U.S Securities and Exchange Commission to drop the net capital requirement from all the major investment houses in 2004. The net capital rule was key in limiting the risk and exposure by these major firms by … [visit site to read more]
Stock Rally Built On Sand? FASB Can Help!
Posted: 31 Mar 2009 05:05 PM PDT
It is apparent many have jumped on the “a low is in” bandwagon in recent weeks. Given the environment we are operating in (a bear market), it makes sense for us to adopt a skeptical view of the “good” news that lifted stocks in recent weeks. The rally began after Citigroup’s (C) talk of being “profitable” somehow found its way to the media on March 10, 2009.
Below is a skeptical recap of some of the drivers of the impressive rally in stocks since the March 9, 2009 low.
FASB - A Night … [visit site to read more]
Posted: 31 Mar 2009 05:01 PM PDT
In a recent post I compared bank loans to businesses in this recession with the pattern in past recessions. I couldn’t see anything that resembled a credit crunch. I cautioned readers that those statistics did not include non-bank credit.
So I dug up the data on all credit to non-financial businesses, which includes corporate businesses, non-corporate businesses, and farm businesses.
Here’s data for the last five quarters:
The underlying data are available here.
The only … [visit site to read more]
Daily Forex Commentary: Euro And British Pound Strengthen Against US Dollar
Posted: 31 Mar 2009 05:01 PM PDT
Euro
The euro appreciated vis-à-vis the U.S. dollar today (Tuesday) as the single currency tested offers around the US$ 1.3340 level and was supported around the US$ 1.3175 level. Data released in the eurozone overnight saw flash March eurozone consumer price inflation recede to its lowest level ever, declining to 0.6% from 1.2% in February - much lower than expected. EMU-16 inflation remains in a downward trend and this will likely provide the European Central Bank with more … [visit site to read more]
Bailout Economics: Politics Of Self Destruction
Posted: 31 Mar 2009 02:00 PM PDT
The patchwork of attempts to prop up the financial system has taken on a life of its own - we call it bailout economics.
At every step, Adam Smith’s “invisible hand” to guide the economy has become less evident. Back in the 18th century, the economist coined the term as a metaphor for the self-regulating nature of free markets. Economic booms and busts are as old as mankind, but each time a crisis occurs, policy makers want to ensure that the same disaster will never happen again.
Most of … [visit site to read more]
Video: 03/31 China’s Newest Stock Market
Posted: 31 Mar 2009 06:37 PM PDT
In an effort to promote growth of more innovative business, China will soon launch a long awaited stock exchange for smaller companies beginning the 1st of May. … [visit site to read more]
Video: 03/31 Oil Prices Rise On Weaker Dollar & Market Gains
Posted: 31 Mar 2009 06:26 PM PDT
Oil prices managed to rise this past trading session as a weaker US dollar and an overall rise in global indices led the way for a surge in crude stockpiles. … [visit site to read more]
Video: 03/31 Home Prices Have Record Fall
Posted: 31 Mar 2009 04:14 PM PDT
Home values continue to decline, according to the Case Schiller Home Price Index. … [visit site to read more]
Video: 03/31 Risk Appetite Rises As Dollar Weakens
Posted: 31 Mar 2009 04:03 PM PDT
A weaker US dollar and market optimism pushing the global indices higher has led the way for risk appetite to strengthen this session. … [visit site to read more]
Video: 03/31 Lennar Corporation’s 1Q Results End Below Expectations
Posted: 31 Mar 2009 03:38 PM PDT
Homebuilder Lennar Corporation (LEN) announced today that its 1Q profits managed to slide heavily as it ballooned to $155.9 million. … [visit site to read more]
1 comment:
This article is very timely and relevant. As I quote Cameron Muir, an economist, "Home sales are unlikely to fall much further..That being said we expect home sales not to decline much further."
But it's never too late, with the right business plan set up, it will lead to valuable outcome. This is what most counselors would give as an advise.
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