AnnS, your “tri-county area” is undoubtedly flyover/filler state crap. And that’s why the banks are quick to take it back and unload it as soon as possible, because it most likely didn’t run up significantly to begin with thus the losses won’t be steep (and most likely the bulk of these properties were already FHA/VA/FME/FRE backed or will be now). In prime areas the banks are looking at jumbo loan balances that they and they alone are on the hook for the losses – often to the tune of 6 or even 7 figures EACH.
When all four of these pieces of information are observed together, they provide a pretty good sense for how much risk exists in the market at any given time. If the long term trends are up, every pullback (-3-5% drop or so) and every correction (-5-15% drop or so) should be treated as a clearance sale - an opportunity to buy at short-term low/discounted prices - and an opportunity to rotate out of lagging asset classes and sectors and into stronger ones.
The drop below the support at $1220 in July was particularly damaging and led to additional liquidation and a capitulation spike down to $1160, despite an overwhelmingly bullish technical picture. The speculative positioning of Comex traders (COT) is usually a reliable contrarian indicator at turning points, and in fact the COT readings are at an extreme bullish level not seen since the beginning of gold’s last secular bull market in 2001. When it looks too good to be true, it usually is. Read More
Even Jack Bogle himself, founder of Vanguard and one of the earliest proponents of buy-and-hold index investing, sidestepped much of the Dotcom bubble in his personal portfolio and has spoken about this before. He noticed, correctly, that the S&P was utterly, ridiculously, overvalued, while bonds were reasonably-priced. So, he actively reduced his equity exposure substantially, especially because at his advanced age he wanted to avoid a major stock market crash.
The most eloquent justification for the bear is provided by the American financier Bernard Baruch, who was called to Washington in 1916 after a market panic to explain his short-sales of the stock of the Brooklyn Rapid Transport Company, a go-go stock of that era. At the time some members of Congress were calling for short- selling to be banned. Baruch stood his ground, politely explaining to the politicians that “bears can only make money if the bulls push up stocks to where they are overpriced and unsound.” He continued:
Needless to say, we have reached the mane. What drove the US economy for the past three decades was debt expansion----private and public--- at rates far faster than GDP growth. But that entailed a steady ratcheting up of the national leverage ratio until we hit what amounts to the top of the tiger's back---that is, Peak Debt at 3.5X national income. Read More
In any event, fixing to borrow upwards of $1.2 trillion in FY 2019, Simple Steve apparently didn't get the memo about the Fed's unfolding QT campaign and the fact that it will be draining cash from the bond pits at a $600 billion annual rate by October. After all, no one who can do third-grade math would expect that the bond market can "easily handle" what will in effect be $1.8 trillion of homeless USTs: Read More
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As contentious as the US midterm elections were, there was never a scenario in which they mattered. Any possible configuration of Republicans and Democrats in the House and Senate would have yielded pretty much the same economy going forward: Ever-higher debt, upward trending interest rates and (through the combination of those two) rising volatility.
If you believe that there will be a significant change in global economic paradigms over the next 10 years, consider this book as part of developing an applicable investment strategy. Basically the author is focusing on commodities as they will do well in an inflationary period and, reading between the lines, commodities never go to zero (unless one is so leveraged up that one is forced to sell when commodities sell). Fortunately for us small investors the author does provide a road map to utilize his strategy by way of ETFs. With the government rolling the printing presses to shore up and stimulate our economy, inflation will result. This book examines the issues with inflation and how to invest in response.
“We’re not overly worried about this being the early legs of a large-scale market correction in conjunction with a recession,” Joe Mallen, chief investment officer at Helios Quantitative Research, said Wednesday. “I don’t see anything so dire from an economic data perspective that will create a 20% plus drawdown. I think this is very technical in nature.”
Historically, many things have been used as money. Cattle have been used as money in many societies, including Roman society. That’s where we get the word “pecuniary” from: the Latin word for a single head of cattle is pecus. Salt has been used as money, also in ancient Rome, and that’s where the word “salary” comes from; the Latin for salt is sal (or salis). The North American Indians used seashells. Cigarettes were used during WWII. So, money is simply a medium of exchange and a store of value. Read More
What I love most about this book is that I was able to read it in its entirety in one sitting and I actually feel like I learned something. The book discusses several strategies that can be used during a bear market to help the individual investor profit. I do wish there was more discussion on the type of accounts you would need along with financial requirements to actually take advantage of the methods presented. Some of the methods seem to require a good bit of cash on hand which most individual investors might not have. Then again, bear market trading can be more risky. Overall, I thought it was a fantastic book and Great addition to the Trading book shelf! Definitely recommend
It may seem counterintuitive, but there's plenty of support for the argument that investors are actually doing the right thing by moving into bonds. It is annual portfolio rebalancing season and, given the huge gains in all stock markets around the world last year, portfolio allocations between stocks and bonds would have moved well away from target weightings.
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +25.32% per year. These returns cover a period from January 1, 1988 through November 5, 2018. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
Years after the Civil War, significant local debt was issued to build railroads. Railroads were private corporations and these bonds were very similar to today's industrial revenue bonds. Construction costs in 1873 for one of the largest transcontinental railroads, the Northern Pacific, closed down access to new capital. Around the same time, the largest bank of the country of the time, which was owned by the same investor as that of Northern Pacific, collapsed. Smaller firms followed suit as well as the stock market. The 1873 panic and years of depression that followed put an abrupt but temporary halt to the rapid growth of municipal debt. Responding to widespread defaults that jolted the municipal bond market of the day, new state statutes were passed that restricted the issuance of local debt. Several states wrote these restrictions into their constitutions. Railroad bonds and their legality were widely challenged, and this gave rise to the market-wide demand that an opinion of qualified bond counsel accompany each new issue.
SmokeyBear.com’s current site has a section on “Benefits of Fire” that includes this information: “Fire managers can reintroduce fire into fire-dependent ecosystems with prescribed fire. Under specific, controlled conditions, the beneficial effects of natural fire can be recreated, fuel buildup can be reduced, and we can prevent the catastrophic losses of uncontrolled, unwanted wildfire.” Prescribed or controlled fire is an important resource management tool. It is a way to efficiently and safely provide for fire’s natural role in the ecosystem. However, the goal of Smokey Bear will always be to reduce the number of human-caused wildfires and reduce the loss of resources, homes and lives.
RATE AND REVIEW this podcasthttps://www.facebook.com/PeterSchiff/reviews/What About Employers' Day?Labor Day is coming up on Monday it it annoys me that we just have a Labor Day and we don't have an Entrepreneur Day. We don't have a day to celebrate the employer. Why is that? The entrepreneurs are the unsung heroes of the American economy. I'm ...…
Smokey Bear is an American advertising icon created by the U.S. Forest Service with artist Albert Staehle, possibly in collaboration with writer and art critic Harold Rosenberg. In the longest-running public service advertising campaign in United States history, the Ad Council, the United States Forest Service (USFS), and the National Association of State Foresters (NASF) employ Smokey Bear to educate the public about the dangers of unplanned human-caused wildfires.
The Dow Jones Industrial Average plunged as much as 550 points, or 2.17 percent, before bouncing back to close down just 126 points in a wild ride Tuesday. The index remains up for the year, with some sectors such as health care and consumer discretionary shares still doing pretty well. The S&P 500 Index is up 2.5 percent year to date, excluding dividends, and the tech-heavy Nasdaq Composite Index is up nearly 8 percent.
Beyond all this, there is the impulsiveness of our beloved President Trump who actually does what he says he would do in his campaign. Until the end of January 2018, Wall Street thought he could be controlled and would only do the things they approved of. But Trump has his own agenda. So, now Wall Street has no choice but to worry about a trade war that could easily escalate. Why do you think so many of Trump’s advisors have recently left or been fired? They wanted him to be more cautious. But Trump wanted to keep the faith with his base and put tariffs up on steel, etc. to protect American manufacturing. Never mind, the consequences of Smoot-Hawley in 1930 when Europe was already suffering. N ever mind, the fact that so very much of what we buy in the US now comes from China. We cannot possibly start to make all the things we now import. Never mind, how much consumer prices will rise. And never mind the fact that successful sales of US Treasuries to finance our national debt depends on China. Trump’s economic nationalism is a very abrupt change from the last 30+ years of internationalism. Wall Street has grown rich and fat on such internationalism. Stock prices, especially for the big multi-nationals in the DJIA and the NASDAQ can only make adjustments to Trump’s tariffs by declining. Even if Trump backs away from his tariffs’ plan, Wall Street cannot feel quite safe. Trump has shown he wants to get votes in the “Rust-belt” at Wall Street’s expense. Horrors!
(= carry) burden, arms → tragen; gift, message → bei sich tragen, mit sich führen; to bear away/back → mitnehmen/mit (sich) zurücknehmen; (through the air) → fort- or wegtragen/zurücktragen; the music was borne/borne away on the wind (liter) → die Musik wurde vom Wind weiter-/weggetragen; he was borne along by the crowd → die Menge trug ihn mit (sich)
You only have to observe how the word “globalist” has become a slur to see that people have turned against liberal internationalism and those who support it. Globalization has been terrible for millions of middle- and working-class Americans, and they are very unlikely to vote for politicians who support it. By lowering the living standards for millions of Americans, the Liberal International Order has become the architect of their own downfall.
Sometimes bear markets happen because the market decides economic fundamentals simply can't support stock prices. An example is the post-2000 U.S. bear market, when the Internet and telecom bubbles burst. And sometimes it's because economic facts change in ways that make investors change their mind: the 2007-2009 bear market, as the housing market tanked, is the best recent example.
Falling consumer confidence. This is generally one of the last dominoes to drop leading up to a bear market, partly because people are too stubborn to think any economic party could possibly end, and partly because they don’t have the data or the skill to analyze what’s going on behind the scenes. In other words — consumers are usually “the last ones to see it coming.”
Rather than write on a planned topic, I received at least 20 e-mails yesterday on the same subject so had to switch gears. The e-mails were all panicky because an analyst who works in the precious metals industry suggested that silver will not perform as gold will in the coming reset. I feel the need to address this because I believe it is faulty analysis and may have motivation behind it. I will not name the analyst but can be easily discerned.
Trump Driver is Suing the Trump OrganizationOn thing I talked about on the Joe Rogan podcast was a story that broke the same day of my last podcast, which I thought was very interesting. It was about Donald Trump being sued by his former personal driver, who still works for the Trump organization, by the way, he's worked there for over 25 years ...…
“If you pay peanuts, you get monkeys” is the perfect way to describe the current market. Investors are all playing the same game and reinforcing the passive investing trend by constantly plowing more money into passively managed funds. The management fee of the iShares Core S&P 500 ETF (NYSE: IVV) is just 0.04% which is extremely low and positive for investors. However the low fees, mindless investment strategies, and extremely high valuations will lead to a catastrophe when the same mindless buying reverts to panicked, mindless selling.
Enclosed are our Student Aid Report and a copy of (Another University’s) Award Letter per our recent telephone conversation. We discussed our family’s present financial situation and how it would be financially difficult for Heather to attend Anywhere University unless the university reconsiders her financial aid amount. You said you would do everything possible to provide additional assistance for Heather and suggested we send you the above-stated information.
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As this stock market correction progresses, it is natural to consider what levels may be effectivein halting the decline. We have recently taken a stab at a couple potential “support” levels in the U.S. market with excellent success, so far. Those posts include Monday’s The Mother Of All Support Levels on the broad Value Line Geometric Composite which held precisely, as well as a few Premium Posts at The Lyons Share covering key sectors, which also held on cue: Market Leaders At Must-Hold Levels and Finally Some Support To Bank On (if you’d like to see these posts, shoot us an email at [email protected] and we’d be happy to share). Read More
Sometimes the condition occurs completely by chance when you’re born, like my case. — Sarah Valenzuela, SELF, "My Congenital Disorder Confuses a Lot of Trainers, So I Have to Be My Own Fitness Expert," 9 Nov. 2018 So Ruby used massive amounts of data from Ancestry.com to investigate the role of genes in the lifespans of more than 400,000 people born in the 1800s and early 20th century. — Cathleen O'grady, Ars Technica, "Genetics play less of a role in lifespan than we thought," 8 Nov. 2018 Michigan’s Rashida Tlaib, born in Detroit to Palestinian parents, and Minnesota’s Ilhan Omar, who arrived in the United States from Somalia at 14, won their House races, becoming the first Muslim women elected to Congress. — Mary Jordan, The Seattle Times, "Record number of women appear headed for Congress," 6 Nov. 2018 But companies born in democracies sometimes display their values, as when social networks cite the First Amendment in drafting their policies around content moderation. — Casey Newton, The Verge, "The Google walkout offers a playbook for successful corporate protests," 2 Nov. 2018 If someone were born in northern Greece or Anatolia, the strontium signal would be different from that of Iron Gates natives. — Mark Barna, Discover Magazine, "When Farmers and Foragers First Met," 24 Oct. 2018 The new royal baby, whose name has yet to be made public, is the seventh grandchild for Princess Caroline (the third born in 2018), and the great-grandson of Grace Kelly. — Caroline Hallemann, Town & Country, "Princess Grace's Granddaughter Charlotte Casiraghi Gives Birth to a Baby Boy," 24 Oct. 2018 When you're born into the royal family, things are naturally...different. — Taylor Mead, House Beautiful, "Will Meghan Markle And Prince Harry’s Baby Be Born At Home? Plus, Other Bizarre Royal Birthing Rules," 15 Oct. 2018 Here are some quick facts to know about the key term: 1) Heteronormativity starts SUPER young A lot of people are victims of heteronormativity before they're even born because of the strange cultural phenomenon of gender reveal parties. — Megan Lasher, Seventeen, "Everything You Need To Know About 'Heteronormativity'," 4 Oct. 2018
There’s simply no single answer to the question: What causes a bear market? It might be monetary conditions, yield curve shifts, surpluses, a sector implosion, excess demand reverting or bad legislation impacting property rights. But it likely won’t be what it was last time. Two bear markets in a row rarely start with the same causes because most investors are always fighting the last war and are prepared for what took them down last time.
With the U.S. stock market going through a volatile phase, investing in big-brand companies seems judicious. These stocks will offer some respite as they boast stable cash flows. Needless to say, the value of brands is that they instantly convey information on quality, durability and consistency to consumers. These traits help stocks counter market gyrations. And if the market pulls itself up in the near term, such companies will make the most of the positive trend as their products and services are widely accepted.
Ten-year Treasury yields jumped 13 bps this week to 2.48%, the high going back to March. German bund yields rose 12 bps to 0.42%. U.S. equities have been reveling in tax reform exuberance. Bonds not so much. With unemployment at an almost 17-year low 4.1%, bond investors have so far retained incredible faith in global central bankers and the disinflation thesis.
CHECK OUT Buying Bitcoin is Like Buying Airhttps://youtu.be/XmMQAuO62gIGM Hit New Low for the YearIf you want to look at some of the signals you're getting from the markets, look at the automobile stocks: General Motors and Ford, which are basically the only 2 automobile companies we have left. (Chrysler is now owned by Fiat.) They both hit 52- ...…
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….
Remember when we were assured that HRC was not a target of interest to the Russians and therefore we could be confident that they never even attempted to hack her server, which was conveniently still in it’s woefully under-protected state while this spy ring was targeting her specifically? The people who told us not to worry our pretty little heads are the same ones who knew all about this spy ring.
Unfortunately for the Fed, monetary tightening has become more powerful because of the debt. Lacy mentioned in his latest quarterly review that, “Excessive debt, rather than rendering monetary deceleration impotent, actually strengthens central bank power because interest expense rises quickly. Therefore, what used to be considered modest changes in monetary restraint that resulted in higher interest rates now has a profound and immediate negative impact on the economy.”
Categories: Fictional characters introduced in 1944Public service announcement charactersAmerican mascotsCartoon mascotsFictional bearsFictional gamekeepers and park rangersFictional firefightersFire preventionPublic service announcements of the United StatesUnited States Forest ServiceWildfire ecologyBear mascots1976 animal deathsNational Zoological Park (United States)
Despite persistent faith in the U.S. dollar and assurances that rate hikes will continue into 2019, gold has plenty of room to take back its losses and make new gains, reports an article on Newsmax. Barron’s contributor Andrew Bary notes that gold’s lower prices come at a time when global inflation is bound to go up as governments look to deal with mounting sovereign debt. Read More
In practice, a combination of these factors will often be at work. Investors tolerate high valuations in a benign economic environment. Bear markets will often begin after a period where investors have suspended their disbelief – the technology bubble being the notable example – but there often needs to be a catalyst for investors to recognise that over-valuation. This might be a political crisis, a currency devaluation – or a trade war?
The second important institutional change is the growth in the mutual fund industry since the mid-1980s, which resulted from the changes in the retirement plans as well as from the individual small investor’s demand for an inexpensive means of acquiring a diversified investment in the capital markets. Households’ investment in stock and bond mutual funds (not including those held indirectly through pension funds) grew from about 1% of total financial assets in 1984 to 9% in 2002. To be sure, with the increased prominence of pension funds and stock and bond mutual funds, direct holdings of stocks and bonds as a share of financial assets has declined from about 37% in 1960 to 22% in 2002. Nevertheless, the potential cost advantage and portfolio diversification available through financial intermediaries facilitates household investment in stocks and bonds. Therefore, the availability of pension and mutual funds should tend to work in consort with the underlying economic fundamentals affecting households’ demand for stocks going forward.
In the US the thing most people think of as inflation is the consumer price index, or CPI, which is now running comfortably above the Fed’s target. But the Fed prefers the personal consumption expenditures (PCE) price index, which tends to paint a less inflationary picture. And within the PCE universe, core PCE, which strips out energy and food, is the data series that actually motivates Fed action. Read More
In today's low interest rate environment, equity is being retired by many companies through stock buybacks. Many mergers are still being done with debt...since it is less expensive than issuing stock. Also, I would argue that the value of a well run company with good finances and a rising dividend stream is far greater, per se, than it has been historically.
His place was taken by Daniel Drew, also known as the “Great Bear”, “Ursa Major”, and the “Sphinx of Wall Street”. Drew was described by a contemporary as “shrewd, unscrupulous, and very illiterate – a strange combination of superstition and faithlessness, of daring and timidity – often good-natured and sometimes generous.” He was the great rival of Cornelius Vanderbilt and a sometime partner of Jay Gould.
usage: Since the latter part of the 18th century, a distinction has been made between born and borne as past participles of the verb bear. borne is the past participle in all senses that do not refer to physical birth: The wheat fields have borne abundantly. Judges have always borne a burden of responsibility. borne is also the participle when the sense is “to bring forth (young)” and the focus is on the mother rather than on the child. In such cases, borne is preceded by a form of have or followed by by: She had borne a son the previous year. Two children borne by her earlier were already grown. When the focus is on the offspring or on something brought forth as if by birth, born is the standard spelling, and it occurs in passive constructions and in adjective phrases: My friend was born in Ohio. No children have been born at the South Pole. Abraham Lincoln, born in Kentucky, grew up in Illinois.
These also include companies that service the needs of businesses and consumers, such as food businesses (people still eat when the economy is in a downturn) and companies that sell basic consumer goods (people still need to buy toothpaste and toilet paper). In this same vein, it is the riskier companies, such as small growth companies, that are typically avoided because they are less likely to have the financial security that is required to survive downturns.