potatohead Posted June 19, 2008 Report Share Posted June 19, 2008 *DJ NYSE Short Interest 17.7B Shrs At June 13 Vs 16.4B Shrs At May 30 *DJ NYSE Short Interest At June 13 Equal To 4.6% Shrs Outstanding this would be one of the most controlled bottoms I have ever seen....... Link to comment Share on other sites More sharing options...
Faster Posted June 19, 2008 Report Share Posted June 19, 2008 This recession is only beginning. With a public so anesthetized that it cannot drill far offshore like BRIC or North Sea Europe, we are doomed: ?If expanding drilling can?t gain traction with gas at $4 per gallon, the cause would seem to be hopeless.? This nationalized hopelessness, coupled with recent statements by prominent democrat congressfolk offering to nationalize refineries. shows that we have about as much natural will as Cubans and North Koreans for our independence. Oh yes this is on video in case you chose to doubt. Many major media outlets chose to ignore these statements, waiting for the right to time to support them. So, pile on your shorts. There is no way to go but down from here. Link to comment Share on other sites More sharing options...
mdporter Posted June 19, 2008 Report Share Posted June 19, 2008 This recession is only beginning. With a public so anesthetized that it cannot drill far offshore like BRIC or North Sea Europe, we are doomed: ?If expanding drilling can?t gain traction with gas at $4 per gallon, the cause would seem to be hopeless.? This nationalized hopelessness, coupled with recent statements by prominent democrat congressfolk offering to nationalize refineries. shows that we have about as much natural will as Cubans and North Koreans for our independence. Oh yes this is on video in case you chose to doubt. Many major media outlets chose to ignore these statements, waiting for the right to time to support them. So, pile on your shorts. There is no way to go but down from here. 668457[/snapback] I am rolling my eyes on the nationalization of refineries. Everything big government touches turns to crap. they'll figure out how to screw things up to the point that gas double in price again, then will privatize back to their rich well connected friends at a discount price. For a while here in northern CA we were holding at $4.57 a gallon. Today we're up to $4.62. It's funny, for a while everyone slowed down, even the brain dead contractors driving around in their big trucks. Then after a week everyone decided to drive the old speeds, and the contractor boys are back to their old reckless intimidation ways. I can't wait until their business drops off a cliff. with no money for fuel, all the ford F-350 supercabs on the oversized chrome wheels and jacked up suspensions will just sit in driveways, yearnnig for the days their owners could afford to fill up the tanks. Link to comment Share on other sites More sharing options...
briarberry Posted June 19, 2008 Report Share Posted June 19, 2008 It sounds like auto sales have held up thanks to sales of higher miles per gallon cars Link to comment Share on other sites More sharing options...
Jetlag Posted June 19, 2008 Report Share Posted June 19, 2008 According to rhoiders the price increase is all good to boost chinese consumption of fuel. "China fuel price rise may bolster consumption" "By restoring refiners to financial health, the increase will encourage them to ramp up production, and the new supplies of fuel will unleash suppressed consumption growth." ""I don't think too much about oil prices, the main thing is the car's performance," said Mr Chao, a 52-year-old businessman shopping for a second car in an upmarket Landrover showroom. "A good car can upgrade your quality of life, reflect the excitement of being alive."" http://www.reuters.com/article/ousiv/idUSPEK8129820080619 I'm skeptic that it will increase consumption because a 20% hike isn't enough against the appreciation oil has suffered in the last year. Don't know what kind of subsidies refineries get but they'll probably keep losing money the way oil has gone up. Link to comment Share on other sites More sharing options...
mdporter Posted June 19, 2008 Report Share Posted June 19, 2008 ""I don't think too much about oil prices, the main thing is the car's performance," said Mr Chao, a 52-year-old businessman shopping for a second car in an upmarket Landrover showroom. "A good car can upgrade your quality of life, reflect the excitement of being alive."" 668460[/snapback] What a chump.. the Chinese have fallen for American marketing lies hook line and sinker! For real excitment of being alive, try surviving a crash in this chinese car! Link to comment Share on other sites More sharing options...
shorty Posted June 19, 2008 Report Share Posted June 19, 2008 CA crapboxes in free-fall, no bids It has been 13 months since Rose and Manny Vicente put their Simi Valley home up for sale and started boxing possessions. They originally listed their 1,831-square-foot, five-bedroom, 2.5-bath house for $650,000. In August, they lowered their asking price to $595,000. Rows of stacked moving boxes have sat collecting dust ever since, and the Vicentes have lowered their asking price to $495,000. After edging up in April for the first time since August, the county's housing sales and the median price recoiled in May, dashing some expectations that the market had reached a turning point. In April, the median price was $445,000. Realtors have told them that if they want to sell immediately, they should lower their asking price to $395,000. THEY CAN ESCAPE WITH ONLY A 40% HAIRCUT, IF THEY HURRY! Link to comment Share on other sites More sharing options...
mdporter Posted June 19, 2008 Report Share Posted June 19, 2008 Here's another chinese piece of crap folding up like a cheap lawn chair. Link to comment Share on other sites More sharing options...
mdporter Posted June 19, 2008 Report Share Posted June 19, 2008 The "free fall" phase of the California housing market bust could end soon, as bargain-hunters begin buying homes in parts of the state hardest hit by foreclosures, according to a new economic report. The quarterly UCLA Anderson Forecast said foreclosure rates will remain a significant problem in the state at least through the end of 2008 and into 2009, economist Ryan Ratcliff wrote in one section of the overall economic forecast. But "we may be transitioning from the free fall" of widespread foreclosures that drive down home values and prompt more foreclosures. Ratcliff said the fact that home sales in some Bay Area and Southern California counties have increased from year-ago levels just recently is "an encouraging first sign of a market starting to find its new equilibrium." In the Bay Area, "you see it in Contra Costa and Solano counties. Those are the places where you've seen year-over-year increases in sales," he said in an interview Tuesday. Steep price declines in those areas plagued by the most foreclosures, fairly low mortgage interest rates and improving mortgage-market conditions are luring buyers back to the market, according to Ratcliff. But in his report, titled "The Three Phases of California's Real Estate Bust," he also warned that a glut of foreclosed, bank-owned properties in many areas means that "a 'normal' housing market is still a long way off." Any lie will be told to save Real Estate. Hurry! Or you'll be priced out forever by Bargain Hunters and Investors! Link to comment Share on other sites More sharing options...
BusKow Posted June 19, 2008 Report Share Posted June 19, 2008 BKX fibo on the weekly has some hysterical support Link to comment Share on other sites More sharing options...
Jorma Posted June 19, 2008 Report Share Posted June 19, 2008 This recession is only beginning. With a public so anesthetized that it cannot drill far offshore like BRIC or North Sea Europe, we are doomed: ?If expanding drilling can?t gain traction with gas at $4 per gallon, the cause would seem to be hopeless.? This nationalized hopelessness, coupled with recent statements by prominent democrat congressfolk offering to nationalize refineries. shows that we have about as much natural will as Cubans and North Koreans for our independence. Oh yes this is on video in case you chose to doubt. Many major media outlets chose to ignore these statements, waiting for the right to time to support them. So, pile on your shorts. There is no way to go but down from here. 668457[/snapback] Congress critter Maurice Hinchey is not exactly prominent. Nobody outside his district has ever heard of him. The proposal while stupid is meaningless. Congress critters say things equally dumb ever single day. This one however was seized upon by conservatives and blasted across the land and even poor Stoolies fall into old habits of thought about 'free markets' and small government. Lead by the nose by the mighty propaganda machine. Now let's listen to someone who is important after meeting with those giants of free markets, The Presidents Working Group on Financial Markets. Please believe me this isn't a political post. It's about critical thinking. Hinchey's words while stupid are without any meaning. They are nonsense on their face and meaningless operationally. If you thought about them more than two seconds it's one second too long. Now this guy and those sitting next to him are having profound impact on every aspect of our lives and are a trillion times more important than the dumb and powerless Hinchey Link to comment Share on other sites More sharing options...
Brisbane Bear Posted June 19, 2008 Report Share Posted June 19, 2008 either the tops in or its to da moon for Gold. Schroder tips gold to hit $US5000 Gold prices may rise to $US5000 an ounce as investors seek to protect themselves against accelerating inflation, said Schroder Investment Management, which oversees $US277 billion of assets globally. http://business.theage.com.au/schroder-tip...80620-2tq8.html Link to comment Share on other sites More sharing options...
Jetlag Posted June 19, 2008 Report Share Posted June 19, 2008 either the tops in or its to da moon for Gold. Schroder tips gold to hit $US5000 Gold prices may rise to $US5000 an ounce as investors seek to protect themselves against accelerating inflation, said Schroder Investment Management, which oversees $US277 billion of assets globally. http://business.theage.com.au/schroder-tip...80620-2tq8.html 668467[/snapback] In related nooze the M2M tips USDX might reach 10 in the foreseeable future. Link to comment Share on other sites More sharing options...
BusKow Posted June 19, 2008 Report Share Posted June 19, 2008 This was so intersting to watch play out, I HAD to look it up Yesterday was a spinning top and today was a shooting star "As with all candles, this message should be confirmed by the trading action that occurs during the following days." Link to comment Share on other sites More sharing options...
mdporter Posted June 19, 2008 Report Share Posted June 19, 2008 Here's the thing about California... right now we're most of the way through the prime Spring selling season. So where do we go from here? Here's a few things that are never mentioned in the bullish RE articles: - Commercial RE continues to add vacancies. Vacancies = less jobs - gas prices are at all time highs in CA, cutting into discretionary income - food prices continue to rise, cutting into discretionary income - electricity and natural gas prices will be going up again here this year - the job market is slowing down. New hire expectations in surveyed companies are decreasing, even in silicon valley - Loan availability still sucks for people trying to buy beyond their means. WAMU ceases neg am loans - for "investors" prices aren't low enough to break even or profit on renting a single family home - just about everywhere, the suburbs are getting hit hard price wise. they are more affordable, but first time buyers can't afford because they also can't afford the gas to make a long commute. - peoples pay still not increasing much despite rapidly rising prices - the eCONomy continues to weaken. tax receipts are falling, affecting local and the state government (which impacts all those high salaried public "servants"). the ripple affect to contractors and the general housing industry is still just getting started - finally, mortgage rates are increasing again, lowering affordability Link to comment Share on other sites More sharing options...
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