Maserati and coach d,
The bottom line for me in all of this is another 50% decline in the stock market.
Igy
Maserati and coach d,
The bottom line for me in all of this is another 50% decline in the stock market.
Igy
You do deserve credit for that.
Further to that alleged Marketwatch gobbledygook, Morningstar reported today on Dept of Commerce findings:
"Sales of new homes plummeted 9.2% to a seasonally adjusted annual rate of 494,000 in January, the Commerce Department said Wednesday.
January's figure was the lowest since October and missed forecasts of a 520,000 annual rate from economists surveyed by MarketWatch. It was 5.2% lower than the same period a year ago.
The median price paid in January was $278,800, down from a revised $295,800 in December. There was 5.8 months' worth of homes available for sale during the month, the most since September."
So the earlier Marketwatch bullshxt that the poster first reported, all of which seems to have been exactly wrong, was mere forecasts? And they were 0-for-3?
Good job. But once again, these figures...
It looks like you're the one who posted links to Market watch.
"Economic news: The National Association of Realtors said sales of existing homes rose 0.4% (http://www.marketwatch.com/story/existing-home-sales-rise-to-547-million-rate-in-january-2016-02-23) to a seasonally adjusted annual rate of 5.47 million.
Home prices were steady in December, (http://www.marketwatch.com/story/city-by-city-look-at-us-house-prices-in-december-2016-02-23) capping off a strong year, according to the S&P/Case-Shiller Home Price Index. After a seasonal adjustment, they rose 0.8%."
Thanks.
"Purchases of new homes dropped more than forecast in January as contract signings slumped in the western U.S. by the most since May 2010.
Sales declined 9.2 percent to a 494,000 annualized pace after a 544,000 rate in December that was the strongest in 10 months, Commerce Department data showed Wednesday. The median forecast of economists surveyed by Bloomberg called for 520,000. Sales in the West fell 32.1 percent."
all the bulls win today!
stocks, bonds, oil, gold, bonds...
well so far anyway.
Not surprisingly, thinks are looking up after the double dip.
Muppets sucked in by high frequency trader algorithmic strategy of daily in and out.....
Not likely.
Big,
The volume is not driven by Joe Trader and his E*Trade account. Churning by institutions in a market that is both fundamentally and technically weaker. Believe what you wish though and good luck.
Igy
So who are the "muppets" you referenced?
Big,
I would define a Muppet as an investor that has little understanding of stocks, bonds or market valuation metrics. A Muppet is not skeptical of the stock or bond promotion coming from buy side analyst and their advertisers. A Muppet only looks a the stock ticker or the bond yield, it is a lottery ticket to them. In the end, the Muppet provides liquidity to the market when the institutions want to sell.
Igy
So Joe Trader and his E*Trade account.
Yes, with his momentum and stock tracker screens with the Fast Money Traders of CNBC giving advice in the background. Buy high, sell low.
You contradicted yourself.
Contemplate my response with a beer, chips and some mango salsa. No worries, be happy. There will be another day to buy on the dip and sell lower.