12%ayear's Account Talk

Uncle Ben said there is no housing trouble

what is he smoking? Toll Brothers' Earnings Tumble As Write-Downs, Housing Market Slowdown Hurt Bottom Line ..http://biz.yahoo.com/ap/070524/earns_toll_brothers.html?.v=3 This is just a start. Spending will be curbed bigtime. Oil is skyrocketing,housing improvements are down,China frothy and Iran. Not trying to be negative, but the last few months of this rally were the PERFECT STORM to what is coming. Home Depot and Lowes both said retail sales were down. Real Estate sales are plain awful and materials to build new homes are skyrocketing because of transportation costs. Then I read this and laughed.....Orders for Big-Ticket Items Up in April...http://biz.yahoo.com/ap/070524/economy.html?.v=4..now scan to the bottom and this is the key statement.............Analysts are hoping that spending by consumers and businesses will be able to overcome the weakness in housing and keep the country out of a recession:confused:
 
looks like a higher open, but will it hold? Tend to think that the smart money will be selling into this.DJIA+75
 
looks like a higher open, but will it hold? Tend to think that the smart money will be selling into this.DJIA+75
see the smart money locking profits. It will get nasty today and I think triple digit loss for the DJIA is possible. The F Fund is also down, I will try it for one more day. The bonds are on sale.....F Fund is oversold..IMO
 
see the smart money locking profits. It will get nasty today and I think triple digit loss for the DJIA is possible. The F Fund is also down, I will try it for one more day. The bonds are on sale.....F Fund is oversold..IMO

F fund is down because of housing data. Time to bail out of the F fund. IMHO Think we may see 10yr touch 5% in the near term.
 
12%ayear;96144 said:
looks like a higher open, but will it hold? Tend to think that the smart money will be selling into this.DJIA+75
See how these sharks work? I had a feeling they would trap buyers and sell into it. BTW...red across the board
 
Thank you for posting your observations. I appreciate your comments. Hopefully bond prices will bounce in an "upward" direction over the next few days....hoping hoping hoping...:)

FS
 
Thank you for posting your observations. I appreciate your comments. Hopefully bond prices will bounce in an "upward" direction over the next few days....hoping hoping hoping...:)

FS
It is down .18%..no biggie. It is the cheap way of gambling, loses are small at best and gains are small at best. I am happy to be on the sideline. Still early, I think the F Fund is a value play near term.
 
That housing data was fluff news. Based on April and notice the median price dropped. Look at Toll Brothers..warned..http://biz.yahoo.com/ap/070524/earns_toll_brothers.html?.v=5

Oh I agree about the fluff, but it's pushing bond prices down and I don't think this trend will change until we get some really bad news and/or we get the revised data next month. I sure don't see houses being sold here on the southside of Atlanta!
 
Oh I agree about the fluff, but it's pushing bond prices down and I don't think this trend will change until we get some really bad news and/or we get the revised data next month. I sure don't see houses being sold here on the southside of Atlanta!
Atlanta has some nice homes. I live in Boston...400k-500k will buy a shed.
 
looks like a higher open, but will it hold? Tend to think that the smart money will be selling into this.DJIA+75
Just as I thought. Smart money sold into it!! Asia is going to tank tonight. Also Bonds close early tomorrow..I believe 1:00 est.
 
It is down .18%..no biggie. It is the cheap way of gambling, loses are small at best and gains are small at best. I am happy to be on the sideline. Still early, I think the F Fund is a value play near term.
F Fund coming alive. Now we are even and new money is coming in for the safety feature.
 
Today, 10:51 AM
12%ayear
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Re: 12%ayear's Account Talk
Quote:
Originally Posted by 12%ayear
looks like a higher open, but will it hold? Tend to think that the smart money will be selling into this.DJIA+75

see the smart money locking profits. It will get nasty today and I think triple digit loss for the DJIA is possible. The F Fund is also down, I will try it for one more day. The bonds are on sale.....F Fund is oversold..IMO

posted above 10:51......DJIA 15 points away from triple digits and I posted that when we were up +75...The sharks are messing with buyers
 
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