Shall I give you the time frames and % of price cuts done by various lenders in this area to dump the REO’s? They are so ver ver predictable …… 4-6 weeks to first cut of 9.87 -11.11%, another 4 -6 weeks and another cut of antoher 7/5 -10%,….another 6 weeks and now they are 23 -30% of the original list……. ANd they always end up taking offers that are 7 -15% off the list price du jour….

The earliest speculative markets witnessed the tussle of bulls and bears. In the second century before Christ, the playwright Plautus identified two groups in the Roman Forum engaged in trading shares. The first group he called “mere puffers” (the security analysts of the day), and the second group Plautus described as “impudent, talkative, malevolent fellows, who boldly, without reason, utter calumnies about one another.” In England, the origin of the term “bear” to describe speculating for a fall, deriving from a trader who sold the bear’s skin before he had caught the bear, first appeared in the early 18th century several years before the appearance of the corresponding “bull.”
Relaxed is how an asset management office should be because if you know what you are doing, you can be pretty sure that you will do well in a certain time horizon. However, the reason behind the relaxed atmosphere at Vanguard isn’t because they know what they’re doing, it’s because they do absolutely nothing. Let me elaborate, out of the $4 trillion of assets under management, about $3 trillion is invested in passive index-based strategies. Investing in passive index-based strategies means investing in a little bit of everything and letting the market decide how much you’ll buy of what as the indexes are weighted by market capitalization. So Vanguard invests around $2 billion a day of new investors’ money mostly into companies like Amazon, Apple, Microsoft, and smaller amounts into smaller companies.
Our modeling systems are suggesting that Gold and Silver will begin a new upside rally very quickly.  We wrote about how our modeling systems are suggesting this upside move could be a tremendous opportunity for investors over 2 weeks ago.  Our initial target is near the $1245 level and our second target is near the $1309 level.  Recent lows help to confirm this upside projection as the most recent low prices created a price rotation that supports further upside price action.  What is needed right now is a push above $1220 before we begin to see the real acceleration higher.

A more intelligent approach is to have assets like U.S. Treasuries during a bear market for U.S. equities.  Some short positions in the most popular funds are more aggressive and also will usually be profitable.  In the first year of a bear market for U.S. equities, commodity producers and emerging markets often outperform as they have already been doing since January 20, 2016 and which will likely continue through some point in 2018.
The disability payment and stock option distribution are one-time events which unfortunately inflates the family’s actual ability to contribute to Julie’s education. The disability payment has to provide care for the rest of John’s life, he is currently 53. The stock distribution was used to purchase living quarters that included making the home handicapped ready. This was necessary since his only income is Social Security and his wife earns $14,000 per year. It would be impossible to qualify for a mortgage.
I have been following Peter Schiff for awhile now. As a result of his first book, I was able to get my retirement out of US stocks before the Oct '08 crash. With this book, I was able fine tune my financial plans and investments and help a number of friends do the same. In the midst of the worst economic mess since the Great Depression, I haven't lost any wealth (I am up 2% overall in the past 6 months) and I am poised to take advantage of further downturns. You can read all the books you want but none of it will do any good unless you ACT, and this book gives you a good plan of action. It is easy-to-read and understand, and Peter's writing style is no-nonsense, sprinkled with some humor. He clearly has a firm grasp of Austrian economics and the crisis we find ourself in. A great read that you will pass around to friends.
syn: bear, stand, endure refer to supporting the burden of something distressing, irksome, or painful. bear is the general word and suggests merely being able to put up with something: She is bearing the disappointment quite well. stand is an informal equivalent, but with an implication of stout spirit: I couldn't stand the pain. endure implies continued resistance and patience over a long period of time: to endure torture.

Paul R. Ruedi, a CFP® financial advisor in Champaign, IL, suggest investors regularly do “lifeboat drills” before a bear market starts. He says investors should “...imagine a bear market has occurred and the stock portion of their portfolio is down 20% or 30%. How will they feel? How are they going to react? Are they going to panic, or remind themselves that “this too shall pass,” and stay the course with their investments? We remind our clients to do these all the time, and when a bear market occurs, they are spared the panic and emotions that consume most investors during bear markets.”
David and Maribel Maldonado seem the very definition of making it in America. David arrived in the U.S. from Mexico as a small child. His father supported the family by working long hours as a mechanic while his mother raised their 10 children. By the time David had a family of his own, his career as a salesman was flourishing. His wife Maribel, whose family is also from Mexico, worked as a hairstylist while caring for the couple’s two children. David’s annual salary reached about $113,000 by the time the children were in their teens. It was more than enough to live in a pretty suburban house outside Dallas, take family vacations, go to restaurants and splurge at the nearby mall. And to afford health insurance.

The dam has broken….Even uncle Rush is reporting what hes read here and the WSJ guys are using it as well. We all know SD is the one journalist who is for real… I stay here for my facts and info…….Rush discussed Carter Page and is leaving stuff out I think I read…. It was a Title 1 Fisa which meant they deemed Carter a Russian spy allowing the huge net they threw out on trump…Also Carter worked with the FBI a few years back and they convicted a Russian guy. They makes a clear association… Carter voluteered for the Campaign. So he’s a spook to me……….Is that all correct what I so un eloquently described.
The key thing to realize is that the debt cycle plays the main role in the business cycle. When debt and interest rates are low, consumers and businesses start buying and expanding, which results in economic growth. When that goes on for a while and debt and interest rates get too high, consumers and businesses run into problems, which results in recessions and bear markets.
In 2008, gold was taken from $1020 to $700 and silver was pounded from $21 to  $7 during the period of time that Bear Stearns, Lehman and the U.S. financial system was collapsing.  The precious metals were behaving inversely to what would have been expected as the global financial system melted down.   Massive Central Bank intervention was at play.
The reason there are no prescription medications available today where the side effects aren’t worse than the ailment being treated is because Big Pharma will not treat or heal anything without creating several new issues that keep their “customers for life” coming back for more. Most Americans do not want to stop eating junk food, fast food, corporate franchise restaurant food, microwaveable food, prepared food bar “stuff,” and “diet” food that’s mostly chock full of synthetic sweeteners, GMOs and MSG. Read More
Purchasers of municipal bonds should be aware that not all municipal bonds are tax-exempt, and not all tax-exempt bonds are exempt from all federal and state taxes. The laws governing the taxability of municipal bond income are complex. At the federal level they are contained in the IRS Code (Sections 103, 141-150), and rules promulgated thereunder. Additionally, special rules apply to certain types of investors (e.g., financial institution and property and casualty insurance companies) or in certain situations. For example, there is no IRS Code exemption for capital or other gains received from the sale of a municipal bonds and special rules apply for secondary market discount and original issue discount on municipal bonds. Each state will have its own laws governing what bonds, if any, are exempt from state taxes. For publicly offered bonds and most private placements, at the time of issuance a legal opinion will be provided indicating that the interest bonds are tax-exempt; these opinions do not customarily address collateral tax treatment. Offering documents, such as an official statement or placement memorandum, will contain further information regarding tax treatment of interest on the bonds. Investors should be aware that there are also post-issuance compliance requirements that must be met to ensure that the bonds remain tax-exempt. The IRS has a specific section of their website, www.irs.gov, devoted to tax exempt bonds and compliance with federal requirements.
As the presstitutes are aligned with the military/security complex, Hillary and the DNC, and the liberal/progressive/left, the Russiagate orchestration is a powerful conspiracy against the president of the United States and the “deplorables” who elected him. Nevertheless, the Russiagate Conspiracy has fallen apart and has now been turned against its originators. Read More

Pullbacks have been extremely rare over the past year, to the point where the S&P 500 hasn’t experienced a decline of at least 3% since November, its longest such stretch since the mid-1990’s. Stocks have throughout the year been supported by strong corporate earnings and economic data, as well as the prospect of tax reform out of Washington, which has helped traders shrug off the impact of geopolitical uncertainty and devastating hurricanes.
Municipal bonds have traditionally had very low rates of default as they are backed either by revenue from public utilities (revenue bonds), or state and local government power to tax (general obligation bonds). However, sharp drops in property valuations resulting from the 2009 mortgage crisis have led to strained state and local finances, potentially leading to municipal defaults. For example, Harrisburg, PA, when faced with falling revenues, skipped several bond payments on a municipal waste to energy incinerator and did not budget more than $68m for obligations related to this public utility. The prospect of Chapter 9 municipal bankruptcy was raised by the Controller of Harrisburg, although it was opposed by Harrisburg's mayor.[19]
Such behavior is rare, however. To illustrate, consider the several hundred stock market timers monitored by my Hulbert Financial Digest. These are professionals, needless to say, rather than amateurs like the rest of us. It’s their job to identify market tops and bottoms, which is yet another way of saying that they will be more heavily exposed to equities at those bottoms than at tops.
“This may seem old-fashioned, but there are skills to be learned when kids aren’t told what to do,” said Dr. Michael Yogman, a Harvard Medical School pediatrician who led the drafting of the call to arms. Whether it’s rough-and-tumble physical play, outdoor play or social or pretend play, kids derive important lessons from the chance to make things up as they go, he said. Read More
I rate Clancy's Classic, early stories five stars. Hunt for Red October and Cardinal of the Kremlin are the best, Clear and Present Danger and Without Remorse are also good tales with good characters, well written. This book shows the weaker side of a formula followed for too long. The Ryan character is now fully emersed in a fantasy world and characters that were filled out in earlier books are now hollow shadows. And, the gratuitous sex and Jack Ryan's increasing use of foul language don't ring true compared to Clancy's earlier stories. I wonder if, at the time of this book, Clancy started using uncredited "collaborators" to boost his writing output? This story still provides some entertaining reading, but it is far less compelling than the earlier work that made Tom Clancy the highest standard in spy/techno adventures.
I’ll admit I was somewhat skeptical when you claimed it was the “best conference,” but after last year, I couldn’t praise the SIC enough to my colleagues. (I think they actually got tired of me talking about it.) As a principle, I try NOT to attend the same events but rather experience new and different forums. However, I couldn’t resist returning for the SIC and have once again talked the ears off my fellow traders on the desk.

He remains confident stocks will see a fresh string of new highs in the final months of the year. Referring to history as a guide, Stovall noted that the fourth quarter is pretty strong during midterm election years, and seasonality points to more gains. He believes it will be easy for the S&P to grab another 80 points and break above 3,000 by year-end.
One thing that turns a correction into a bear market can be investor psychology. Since much of investing, especially in the short term, is about trying to guess what other investors may be thinking and react accordingly, selling can breed more selling. That is, people who think other people are selling may try to get out of positions before they lose more value, depressing stock prices in the short term.
While many analysts focus on the company’s profits or net income, I like to pay attention to its free cash flow.   Free cash flow is nothing more than subtracting capital expenditures from the company’s cash from operations.  Because the gold mining industry is very capital intensive, the company’s free cash flow is a better indicator of financial health rather than the net income. Read More
Historically, the worst bear markets happened amid extreme market valuation or lengthy economic recession, or both. After eight years of economic expansion, the US economy is close to the late stage of the current boom cycle. The current high valuation is certainly a cause for concern.  While it is hard to predict exactly when the bear market will happen, high valuation, together with a possible economic recession will likely make the bear market more severe when it finally materializes.
But this strategy requires knowing when to sell, and bear markets can be very difficult to predict. As Ryan Miyamoto, a CFP® in Pasadena, CA, explains, “Selling at a loss is your biggest threat. A bear market will test your emotions and patience…The best strategy to control your emotions is to have a game plan. Start by creating a safety net that is not invested in the market. Seeing your accounts go down will be a lot easier if you know you have adequate cash on hand.”
Murphy also included the District of Columbia in his research, and found it had a psychopathy level far higher than any other state. But this finding is an outlier, as Murphy notes, as it’s an entirely urban area and cannot be fairly compared with larger, more geographically diverse, US states. That said, as Murphy notes, “The presence of psychopaths in District of Columbia is consistent with the conjecture found in Murphy (2016) that psychopaths are likely to be effective in the political sphere.”
RATE AND REVIEW this podcast on Facebookhttps://www.facebook.com/PeterSchiff/reviews/Sacrificed on the Altar of Political CorrectnessI want to spend the rest of this podcast talking about politics; in particular, what's going on with Brett Kavanaugh and his fading chances of sitting on the Supreme Court. It appears that he may be sacrificed on ...…
A market correction is a period in which stock prices drop following a period of higher prices. The idea behind a correction is that because prices rose higher than they should've, falling prices serve the purpose of "correcting" the situation. One major difference between a bear market and a market correction is the extent to which prices fall. Bear markets occur when stock prices drop 20% or more, whereas corrections typically involve price drops around 10%. Furthermore, market corrections tend to last less than two months, whereas bear markets last two months or longer.
The Goldman Sachs Group operates as an investment banking, securities, and investment management company worldwide. The company has a Zacks Rank #2. In the last 60 days, seven earnings estimates moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings increased 7.6% in the same period. The company’s expected earnings growth rate for the current quarter and year is 15.5% and 26.5%, respectively.
Avoiding such a drop would actually mean a break with a loose historical trend where Wall Street suffers “a nasty second-half setback during each of the last 13 years ending in ‘7,’” he wrote in a report. “We think it’s likely stocks will close 2017 at higher levels; therefore any intervening ’Unlucky Sevens’ pattern weakness would need to materialize fairly quickly.”
The $3 trillion that Vanguard has invested in index funds might indicate stability as, according to Vanguard, the best way to invest is to invest in index funds. But such a statement isn’t true at all. The positive performance Vanguard’s index funds have achieved in the last 35 years, which is now the main factor in attracting new funds, is just a result of many factors that has lead the S&P 500 to grow 23 times since 1980.
Berkshire Hathaway Inc. (BRK.B - Free Report)	, through its subsidiaries, engages in insurance, freight rail transportation, and utility businesses. The company has a Zacks Rank #2. In the last 60 days, three earnings estimates moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings increased 12.5% in the same period. The company’s expected earnings growth rate for the current quarter and year is 76.4% and 68.9%, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here.

So what are the prospects for another rally in bonds?  In our view, it is not a rosy picture.  For the first time in a very long time the fundamentals and technicals of investing in bonds have become aligned.  The global economy has transitioned into a period of synchronised growth, spare capacity is being used up and unemployment is close to the lows seen for many years.  All that suggests inflation risks are on the upside.  Deflation risks are waning and sooner or later this will need to be priced into bond prices. On the technical side, central banks are now winding down their quantitative easing programmes.  This means that Governments will have to finance their deficits from private investors rather than relying on central banks.  The increase in supply of bonds on a global scale to institutional investors runs into trillions of US Dollars over the next few years, made worse by the fact that Governments are now relaxing their fiscal straightjackets, imposed after the financial crisis.
What happened? Bank of America keeps a running tally of so-called “signposts” that signal a bear market coming ’round the bend. This month, the analysts checked two more off the list, bringing the total to 14 out of 19 indicators. The latest signals include the VIX volatility index climbing above 20, and surveys of investors showing that many think they will continue to go up, a classic contrarian indicator.
Research from Carmen Reinhart and Kenneth Rogoff shows that when a country’s government debt-to-GDP ratio stays over 90% for more than five years, its economy loses around one-third of its growth rate. Lacy also points out that “the longer the debt overhang persists, the relationship between economic growth and debt becomes nonlinear.” This is happening to the US today with the economy growing at only half its long-term growth rate.

In his book, “1984”, George Orwell envisioned a future crushed by the iron grip of a collectivist oligarchy. The narrative told of the INGSOC Party which maintained power through a system of surveillance and brutality designed to monitor and control every aspect of society.  From the time of the book’s release in 1949, any ensuing vision of a dark dystopia depicting variations of jackboots stomping on human faces, forever, has been referenced as being “Orwellian”.  This is because Orwell’s narrative illustrated various disturbing and unjust conceptualizations of control, crime, and punishment. Read More
It is difficult to find the words to describe just how serious America’s trade war with China is becoming.  As you will see below, the two largest economies on the entire planet are on a self-destructive course that almost seems irreversible at this point.  The only way that this trade war is going to come to a rapid conclusion is if one side is willing to totally submit and accept an extremely bitter and humiliating defeat on the global stage, and that is not likely to happen.  Read More
The public pension fund system is approaching apocalypse.  Earlier this week teachers who are part of the Colorado public pension system (PERA) staged a walk-out protest over proposed changes to the plan, including raising the percentage contribution to the fund by current payees and raising the retirement age.   PERA backed off but ignoring the obvious problem will not make it go away.
A stone slab bearing 3,000-year-old writing previously unknown to scholars has been found in the Mexican state of Veracruz, and archaeologists say it is an example of the oldest script ever discovered in the Western Hemisphere. — John Noble Wilford, New York Times, 15 Sept. 2006 Large public buildings often bear only a loose resemblance to what was originally in the minds of the architects who designed them. Things get cut back to save money; somebody has second thoughts about the way part of the building will function; it takes so long to get public approval that the original idea starts to seem dated … — Paul Goldberger, New Yorker, 17 Jan. 2002 The most famous work of Louis Pasteur (1822-1895), of course, was purifying milk with the process that now bears his name. — Brendan Miniter, American Enterprise, September/October 1998 In so-called parking schemes, securities aren't carried on the books of the true owner but are temporarily sold to someone else with the understanding that the seller will continue to bear any risk of loss and reap any profits. — James B. Stewart, New Yorker, 8 Mar. 1993 As a science fiction buff, many years ago, I remember being particularly fascinated by tales of genetic surgery. Imagine the surgeon … peering through the electron microscope, repairing the sickle-cell gene and returning the ovum to its mother, who would then bear a normal child. — Richard Novick, New York Times Book Review, 15 Feb. 1987 The sight of Niña already there, snugged down as if she had been at home a month, finished Martín Alonso Pinzón. Older than Columbus, ill from the hardships of the voyage, mortified by his snub from the Sovereigns, he could bear no more. — Samuel Eliot Morison, The European Discovery of America, 1974 a symphony that can bear comparison with Beethoven's best The company agreed to bear the costs. The criminals must bear full responsibility for the deaths of these innocent people. Who will bear the blame for this tragedy?
Stocks with relatively low debt and lower P/E ratios are Corning Inc. (NYSE: GLW), Bed Bath & Beyond Inc. (NASDAQ: BBBY), American Express (NYSE: AXP), Gap Inc. (NYSE: GPS), Whirlpool Corp. (NYSE: WHR), PVH Corp. (NYSE: PVH), and CVS Corp. (NYSE: CVS). However, the average P/E ratio of this list is still at 13 which implies just a 7% long term return. For those who want more, the best thing to do is to look for special situations and emerging markets.
The Dow is now gyrating after it plunged to 16,450 Friday and experienced an intra-day swing of near 1,100 points on Monday, leaving it more than 10 percent below its record close in May. The Dow hit an 18-month low at 16,106 on Monday morning before it trimmed losses. The NASDAQ is down 11 percent from a record high reached earlier this year and is on pace for its worst month since November 2008.
The most recent drop puts stock prices, even after more than two weeks of losses, only back to where they were in July of this year. And yet, we may be much closer to panic territory than it appears. Based on valuations, all it would take for stocks to enter a bear market would be a 5 percent drop in the S&P 500 from here. At the low on Tuesday, when the S&P 500 was down 60 points, the market was within 90 points of that threshold.
I have been following Peter Schiff for awhile now. As a result of his first book, I was able to get my retirement out of US stocks before the Oct '08 crash. With this book, I was able fine tune my financial plans and investments and help a number of friends do the same. In the midst of the worst economic mess since the Great Depression, I haven't lost any wealth (I am up 2% overall in the past 6 months) and I am poised to take advantage of further downturns. You can read all the books you want but none of it will do any good unless you ACT, and this book gives you a good plan of action. It is easy-to-read and understand, and Peter's writing style is no-nonsense, sprinkled with some humor. He clearly has a firm grasp of Austrian economics and the crisis we find ourself in. A great read that you will pass around to friends.
On Tuesday night all of the speculation about the midterm elections will mercifully be over, and there is one potential outcome that is being called a “disaster” for the financial markets.  Over the past couple of years, stock prices have soared to unprecedented levels, and Wall Street has seemed to greatly appreciate the pro-business environment that President Trump has attempted to cultivate.  Regulations have been rolled back, corporate taxes have been reduced significantly, and many corporate executives no longer fear that the federal government is out to get them.  But after Tuesday, everything could be different. Read More
RATE AND REVIEW this podcast on Facebook.https://www.facebook.com/PeterSchiff/reviews/The Catalyst is Rising Interest RatesOctober is just one week old and the carnage on Wall Street has already begun. I wonder if the October complacency is beginning to be shaken with the down move that we see. Now, the Dow Jones is not down very much; in fact, ...…
Broadly speaking, Credit Suisse is overweight on cyclical stocks, as they tend to outperform when bond yields rise. The performance of European bank stocks is also highly - and positively - correlated to rising bond yields. Sectors that have high operational leverage (higher fixed costs than variable ones) and low levels of debt also perform well when bond yields rise. American utilities, telecom and beverage stocks look unattractive on that measure, while technology stocks appear poised for success.
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