May 19th, 2013 3:53 pm
Submitted by Tyler Durden.
Submitted by Ramsey Su via Acting-Man blog,
Is a $400,000 house with NINJA loan normal?
How about a $200,000 REO with missing appliances, a dead yard, a long list of maintenance and no financing?
Maybe normal is a $300,000 flip after the flipper fixed everything and colored up the yard, and did some upgrades to the interior.
Some may suggest that normal is more like a $300,000 sale with a 5.5% fixed rate and 20% down.
Then again, it may be more normal if this $300,000 sale is financed with a 3.5% down F...
May 19th, 2013 2:40 pm
Submitted by Tyler Durden.
To those who have already submitted their applications to launder their cash buy an apartment or better yet, have already wired the money to purchase any of the still to be built residences at 432 Park, the 84-story giant that is set to become the tallest residential building in the Western hemisphere, congratulations.
Although that is technically inappropriate: for full effect we would have to say "congratulations" in the buyers' nat...
May 19th, 2013 1:40 pm
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May 19th, 2013 12:35 pm
Courtesy of Doug Short.
Note from dshort: In response to a special request and in light of the strong market performance in the S&P 500 and meteoric rise in the Nikkei 225, I've updated my Mega-Bear weekly chart series through Friday's close.
It's time again for an update of our "Real" Mega-Bears, an inflation-adjusted overlay of three secular bear markets. It aligns the current S&P 500 from the top of the Tech Bubble in March 2000, the Dow in of 1929, and the Nikkei 225 from its 1989 bubble high.
The chart below is consistent with my preference for real (inflation-adjusted) analysis of long-term market behavior. The nominal all-time high in the index occurred in October 2007, but when we adjust for inflation, the "real" all-time high for the S&P 500 occurred in March 2000.
May 19th, 2013 1:09 am
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May 19th, 2013 12:00 am
Courtesy of Benzinga.
Global X, the New York-based ETF sponsor known for its unique lineup of commodities and emerging markets funds, announced six of its ETFs will be reverse split, including three gold mining-related funds.
The $29.4 million Global X Gold Explorers ETF (NYSE: GLDX) will undergo a 1-for-4 reverse split while the $2.78 million Global X Junior Miners ETF (NYSE: JUNR) will see a 1-for-3 reverse split. The Global X Pure Gold Miners ETF (NYSE: ...
May 16th, 2013 2:08 am
Courtesy of Sabrient Systems and Gradient Analytics
It seems that every Tuesday in 2013 since January 8 has been positive on the Dow. And this past Tuesday was no exception. Now that sounds like a trend to put money on -- buy the SPDR Dow Jones Industrial Average ETF (DIA) at the close each Monday and close out the position late on Tuesday.
The Dow and S&P 500 both hit new all-time highs once again on Wednesday, while the Nasdaq hit its highest level since November 2000. The “risk on” allocation of new investment capital into cyclicals continues, although Wednesday saw leadership from defensive sectors Consumer Staples, Utilities, and Telecom, along with Financials. Nevertheless, ConvergEx reports that the average correlation of the ten S&P business sectors to the overall index averaged 82% last month. While that is below the 86% averag...
May 15th, 2013 8:46 pm
Options brief will resume May 20th, 2013.Today’s tickers: BMY, TIBX & WM
May 15th, 2013 1:09 pmSubmitted by Mark Hanna
We are starting to see some very extreme readings on our monthly and weekly index charts since there has been no correction this year. I posted below first the monthly chart of the S&P 500 going back 15 years showing bollinger bands – rarely do we get above the upper one, and never have we been this far above. Then below that I posted (with 4 charts of 4 years each) the weekly data and you can see we are at a rare time we are above the weekly bollinger band as well. This non stop rally is getting very historical.
Monthly – we've never been this far a...
May 13th, 2013 1:11 am
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May 12th, 2013 7:23 am
Courtesy of John Nyaradi.Stock market posts another record setting week, but the big news came after Friday’s close.
The stock market put on another record setting show with the Dow Jones Industrial Average (NYSEARCA:DIA) closing at a record high 15,118 and the S&P 500 (NYSEARCA:SPY) closing at 1633.70, another all time closing high.
January 21st, 2013 8:09 pm
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Well, well, well....it is good to know that there are others in the scientific arena who believed that YMI Bioscience's data (cough - Gilead) is a better drug than Incyte's Jakafi. Now, the definitive data are still unknown, but there was enough evidence from a Phase 2 trial to take a small risk for a huge reward. So, let's forget about Apple (AAPL), and do nothing but biotechs from now until Congress passes universal health care coverage for prescriptions....and drive the prices down so that research and development is no longer feasible to conduct in the US. Even Seattle Genetics (SGEN) has been on a tear as of late...
November 18th, 2012 11:09 amFAS Money $25KPA $25KPM AAPL Money Peter's Strangle Portfolio Income Portfolio ...
Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...