Asylum's Account Talk

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Where's the smart money for next week?

Lots of mixed signals out there... seems bad news is good news for the market lately...

Could be a lot of wishful thinking or an attempt to move the market up so the big money can sell off before the crash...
 
i have a building biz so this may be helpful to me... even though our area of the country has had a 5.7% increase in home sales this year so far...

Credits for builders, some buyers
Still, the new legislation would help hombeuilders since part of the bill calls for tax relief for many homebuilders. The bill would allow homebuilders and other firms affected the by the mortgage meltdown, such as investment banks, to use losses in 2008 and 2009 to get back taxes they owed over the previous four years. That's a change from the two years allowed under current tax law.

That provision, if passed, will cost the government between $6 billion and $28 billion in future tax revenues, according to a range of estimates. It's uncertain just how much of that money builders would see but the sector is expected to be one of the biggest beneficiaries of the bill.

Howard said many smaller privately held builders are not likely to make any money this year. So the tax credit proposed in the legislation is crucial for them.

And it will be helpful for the industry leaders too. Luxury home builder Toll Brothers (TOL, Fortune 500) is the only one of the larger, publicly traded homebuilders expected to report a profitable quarter during calendar 2008.

Some critics of the bill have said the legislation won't help consumers much, however. The bill includes little direct assistance for home buyers and home owners, other than a $7,000 tax credit for those buying homes in foreclosure.

But Howard says this could still help the housing market since it could provide incentives to people to buy foreclosed homes. Howard said the growing supply of foreclosed homes on the market is adding to the housing glut.

Builders lost out on the chance of getting even more help though.

Provisions that would have given a tax credit for those buying new homes sitting vacant for a long period of time were cut during the final negotiations on the bill Wednesday.
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Good Monday Morning All;

I hope everyone had a great weekend (they are never long enough!) and is ready to get back to the grind.

Reading financials over the weekend just has me more confused this week than ever. Opinions abound all over the spectrum...

I think I will stay in F for at least the first part of this week depending on what happens today.

I truly think the C & S funds are poised for a move up, but how much & for how long... and more importantly WHEN?!

I don't know about the I Fund.. I have miles to go before I understand it enough to attempt to speculate about its performance.
 
In the newz this morn...


http://news.yahoo.com/s/nm/20080406...2&printer=1;_ylt=ArK4tS22RbeenEXJeUpa7LEXIr0F


More than 50 percent chance of U.S. recession: Greenspan
By Sonya DowsettSun Apr 6, 6:15 AM ET

There is more than a 50 percent chance the United States could go into recession, former Federal Reserve chairman Alan Greenspan told El Pais newspaper in an interview published on Sunday.

However, the U.S. has not yet entered recessionary state marked by sharp falls in orders, strong rises in unemployment and intensive weakening of the economy, he said.

"We would have to see signs of this intensification: there are some, but not many yet," he said. "Therefore ... I would not describe the situation we are in as a recession, although the chances that we'll have one are more than 50 percent."

A sharp downturn in the U.S. housing market has led to a full-blown credit crisis that has reverberated throughout the U.S. financial system.
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Greenspan, the U.S. Fed chairman from 1987 to 2006, endorsed the Republican presidential candidate John McCain in the interview.
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50% - S
50% - I


Doing a quick..


in_n_out_logo.jpg
 
Asylum,

I am new to the forum and trying to catch up on all the reading. Looking forward to learning from some of the Account Talks. Interesting move.
 
http://biz.yahoo.com/ap/080408/fed_credit_crisis.html?.v=14&printer=1


Fed Auctions Another $50 Billion
Tuesday April 8, 11:04 am ET
By Martin Crutsinger, AP Economics Writer
Fed Auctions Another $50 Billion to Cash-Strapped Banks in Battle Against Credit Squeeze

WASHINGTON (AP) -- The Federal Reserve, still working to combat the effects of a severe credit squeeze, said Tuesday it had auctioned another $50 billion to cash-strapped banks. Meanwhile, the International Monetary Fund warned that further actions are needed globally to prevent more wrenching problems.

The Fed auction marked the ninth in a series that began in December that so far have pumped $310 billion in short-term loans into the nation's banking system. Meanwhile, the 185-nation IMF delivered its most detailed review yet of the global credit crisis that hit last August. It said Tuesday that governments must be prepared to do more to support the global financial system if conditions worsen.
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Looks like meh Viking Kittenz are clawing their way up this morning.. sure hope they aren't forced to retreat later this afternoon... perhaps they can breech the wall at 1380.. there be plenty of pluberin' for the rest-o-the week...
 
Viking Kittenz......to funny. I like led zepplin. Great match :laugh: Thanks Asylum. C fund is going nuts????????? Later
 
Oh... i recently came across this:


http://www.cashto.net/

Do you wanna see how you make money in progress? You’ll see the money you get while you are on the clock! How it works? You enter your payment amount, you can choose whichever way you like: hourly, weekly, monthly or annually. The program calculates the money you make per day, per hour, per minute and per second. You can just seat and watch how bills and coins you make get into your pocket. Try it once and you’ll like it! Just browse cashto.net in the morning, and by the end of the day you’ll like your job even more! If you feel bored or tired- look at the growing number, and feel better? Looks nice, doesn’t it ?
Click to expand...
 
Viking Kittenz were slaughtered this week...

down almost 3%... :(


Must drown sorrows in a really good bottle of scotch now...
 
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