>Apocalypto<
20.03.2012
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smart girl
Quite don't let her hear that!
International Index Trading
- Thread starter wayneL
- Start date
Quite don't let her hear that!
doo-doo da doo-doo-doo.....
May 22, 2007 (EIRNS)””A real estate investment and analysis firm, John Burns Real Estate Consulting, said on May 21 that it is "going public with our concerns" that the national sales information for both new and existing homes, is misleading and covering up a deep plunge of the housing sector. "The housing market has softened much more than is being reported" by the Fed, and the National Association of Realtors (NAR), says JBREC.
The firm reports that having purchased and compiled actual home sale closing data for 55% of the country, it finds existing-home sales down, not 9% as NAR reports, but: 22% in May 2006-April 2007, compared to May 2005-April 2006; and much more than that on a simple year-to-year comparison of the past couple of months. It found that existing-home sales have fallen every bit as much as the new-home sales of the biggest homebuilders D.R. Horton and Lennar, which are down 37% and 27%. It found that home brokerage transactions by Realogy Corp., the nation's biggest realtor company which owns Century 21, Coldwell Banker, and ERA, fell 18% from 2005 to 2006. And that mortgage applications for home purchase have fallen 18%, even though many buyers now have to fill out several applications in order to get a mortgage.
May 22, 2007 (EIRNS)””A real estate investment and analysis firm, John Burns Real Estate Consulting, said on May 21 that it is "going public with our concerns" that the national sales information for both new and existing homes, is misleading and covering up a deep plunge of the housing sector. "The housing market has softened much more than is being reported" by the Fed, and the National Association of Realtors (NAR), says JBREC.
The firm reports that having purchased and compiled actual home sale closing data for 55% of the country, it finds existing-home sales down, not 9% as NAR reports, but: 22% in May 2006-April 2007, compared to May 2005-April 2006; and much more than that on a simple year-to-year comparison of the past couple of months. It found that existing-home sales have fallen every bit as much as the new-home sales of the biggest homebuilders D.R. Horton and Lennar, which are down 37% and 27%. It found that home brokerage transactions by Realogy Corp., the nation's biggest realtor company which owns Century 21, Coldwell Banker, and ERA, fell 18% from 2005 to 2006. And that mortgage applications for home purchase have fallen 18%, even though many buyers now have to fill out several applications in order to get a mortgage.
>Apocalypto<
20.03.2012
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yes hard to say Trade-It - as you say if unsure best to wait. looking toppy with those long-shadowed candles tho....
"Hank (Pat) Paulson Snubs Prime Madame
by Lee Wheeler
Apparently Hank “Pat” Paulson’s meeting with Madame Wu didn’t go over so well.
According to Washington insider Steve Clemons, “Paulson just about did everything wrong but spit on Chinese Vice Premier Wu Yi.”
“Maybe Paulson had a reasonable beef with what was happening behind closed doors in the sessions attempting to coordinate broad strategic economic policy””particularly currencies. But Paulson should know that you don’t just let the world know that you can barely stand being in the same room with your negotiating partner.”
“After more than 70 trips to China during his life, Paulson can’t really get away with an ‘I was tired’ or ‘I didn’t understand that anyone would be upset that I began my formal statement when Wu Yi hadn’t even walked in the room yet.’ He knows China too well. He understands the importance of nuance. But again””maybe Paulson was just pissed off by something really, really big.”
Clemons also links to a piece from another Washington insider Chris Nelson:
“Paulson plays the rude card against Chinese.”
“Barring some major breakthrough at the JCCT, it doesn’t sound like there will be any point in meeting again, as scheduled, in December.”
“Paulson, the guy with 72 private trips to China, who told the White House that he would be the ‘China Guy’ in this Administration…at the closing press conference, Paulson stalked in, well ahead of Wu Yi, then started reading his statement before she even reached the podium.”
“Excuse me? An American or European would have cold-cocked the President for such calculated rudeness. You think for one minute that elderly maiden lady Wu Yi didn’t catch the insult? Are you telling us Paulson didn’t mean it, that he was so focused on reading his prepared statement he didn’t think? NONSENSE. This was a calculated act of rudeness which told everyone in the room, and anyone watching on TV, that a major failure had taken place.”
Will be ineresting to see if China makes a near-term economic “go eff yourself” gesture to Paulson and the U.S."
"Hank (Pat) Paulson Snubs Prime Madame
by Lee Wheeler
Apparently Hank “Pat” Paulson’s meeting with Madame Wu didn’t go over so well.
According to Washington insider Steve Clemons, “Paulson just about did everything wrong but spit on Chinese Vice Premier Wu Yi.”
“Maybe Paulson had a reasonable beef with what was happening behind closed doors in the sessions attempting to coordinate broad strategic economic policy””particularly currencies. But Paulson should know that you don’t just let the world know that you can barely stand being in the same room with your negotiating partner.”
“After more than 70 trips to China during his life, Paulson can’t really get away with an ‘I was tired’ or ‘I didn’t understand that anyone would be upset that I began my formal statement when Wu Yi hadn’t even walked in the room yet.’ He knows China too well. He understands the importance of nuance. But again””maybe Paulson was just pissed off by something really, really big.”
Clemons also links to a piece from another Washington insider Chris Nelson:
“Paulson plays the rude card against Chinese.”
“Barring some major breakthrough at the JCCT, it doesn’t sound like there will be any point in meeting again, as scheduled, in December.”
“Paulson, the guy with 72 private trips to China, who told the White House that he would be the ‘China Guy’ in this Administration…at the closing press conference, Paulson stalked in, well ahead of Wu Yi, then started reading his statement before she even reached the podium.”
“Excuse me? An American or European would have cold-cocked the President for such calculated rudeness. You think for one minute that elderly maiden lady Wu Yi didn’t catch the insult? Are you telling us Paulson didn’t mean it, that he was so focused on reading his prepared statement he didn’t think? NONSENSE. This was a calculated act of rudeness which told everyone in the room, and anyone watching on TV, that a major failure had taken place.”
Will be ineresting to see if China makes a near-term economic “go eff yourself” gesture to Paulson and the U.S."
professor_frink
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Been some pretty impressive selloffs this morning in Asia- nikkei has lost over 200 from it's morning highs
Sean K
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I'm surprised our market hasn't preempted the probable China sell off today. Maybe just a ripple like Feb perhaps, but surely a good excuse to take some money off the table?Been some pretty impressive selloffs this morning in Asia- nikkei has lost over 200 from it's morning highs
professor_frink
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We had over half a percent selloff from the intraday highs, and it may not be over yet. But I wouldn't be too worried bout a feb28 type selloff just yet. Maybe if it carries on for the rest of the day, there could be a few edgy investors out there near the close
>Apocalypto<
20.03.2012
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Wall st futures down 76 on IG at the moment.
Maybe just maybe this is our correction.
Maybe just maybe this is our correction.
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So much for that correction.........
DOW only down 11 points, recovering well so far......
A lot of action to go b4 the close though......
Cheers
Reece
Kauri
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Fomc minutes in I think about 31/2 hours may have a bigger influence than China???
hi chaps! good to see you all over here
wicked range today on Dax - I'm converted, never looking at FTSE again!
shorted the drop & unfortunately closed a long before I went to bed - never mind, am sure we'l setting up for more shorts before too long
wicked range today on Dax - I'm converted, never looking at FTSE again!
shorted the drop & unfortunately closed a long before I went to bed - never mind, am sure we'l setting up for more shorts before too long
>Apocalypto<
20.03.2012
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I said maybe just maybe reeceie boy!
I can only go on what the chart and pre open tells me!
>Apocalypto<
20.03.2012
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The question is now, is there a long on the Dow or not.
Elwood I don't call it being wrong, all you can do is make your opinion from what is being presented at that moment. If that moves in the oppersite direction to what you first thought then you must evolve with it. The markets are wonderful things!
>Apocalypto<
20.03.2012
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I have opened a long on the dow,
It has broken resistance out of its fibb range and started to travel on a new short term 45 degree angle.
I am still weary but I can't ignore the push,
For anyone really into tech analysis and charting I suggest you check out Magdorans post in Gold where's it heading. Just amazing!
See chart.
It has broken resistance out of its fibb range and started to travel on a new short term 45 degree angle.
I am still weary but I can't ignore the push,
For anyone really into tech analysis and charting I suggest you check out Magdorans post in Gold where's it heading. Just amazing!
See chart.
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Trade It, just watch that long closely mate, not good news. Getting close to negative GDP, 2 off a recession They may be already into the first negative qtr now.
They may be already into the first negative qtr now.
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I said maybe just maybe reeceie boy!
I can only go on what the chart and pre open tells me!
Must have missed this one b4 Tradeit - I actually wasn't having a go at your comment, I was saying that even I expected some downside action, but instead it just boomed!
I think the US is now at a critical juncture - we will either see a terrific continuation of the uptrend or an almighty sell off...... I will not be taking any new longs here, but I wish you the best in your long mate... Technically, the trade is there.....
Cheers
>Apocalypto<
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No worries Reece.
I am with you on that Reece, flat last night I also thik that it will have to make it's mind up. I am still 50/50 as well, I have a thightish stop on my long, currently not in profit but I will give it a day or so.
I have also heard some talk about MBL's internal spending habits not a great sign.
