7/28/09
Market is still running very bullish!! With huge government bonds sale week, market is still able to keep its bullishness. It is very amazing!!
Tuesday, July 28, 2009
Still consolidate with bullish bias !!!
7/28/09
Market is still running very bullish!! With huge government bonds sale week, market is still able to keep its bullishness. It is very amazing!!
Monday, July 27, 2009
Record Treasury Yeild !!!
7/27/09
Let's look at why people over the world keep buying US Government Bonds!!! Or kinda bail us out of this big mess!!
Let's look at why people over the world keep buying US Government Bonds!!! Or kinda bail us out of this big mess!!
Bloomberg is reporting Real Yields Highest Since 1994 Aid Record Debt Sales.
The highest inflation-adjusted yields in 15 years are helping provide the Treasury with record demand at auctions as the U.S. prepares to sell $115 billion of notes this week.My comment: Wow!! 5.10% for 10 year government bonds. What a very damn attractive interest rate. I would love to park my saving in that, wouldn't anyone??! Are US is going to issue more damn bonds with higher interest rate on the road??! I bet they have no choice. I expect to see more government bonds with much much higher interest rate months later. We will see!!
Treasuries are the cheapest relative to inflation since 1994 after consumer prices fell 1.4 percent in June from a year earlier. The real yield, or the difference between rates on government securities and inflation, for 10-year notes was 5.10 percent today, compared with an average of 2.74 percent over the past 20 years.
The gap helps explain why investors are buying bonds after losing 4.8 percent this year, the steepest decline on record, according to Merrill Lynch & Co. indexes that date back to 1978.
Gann Analysis Long Term Predict !!
7/27/09
I expect market will test the primary down trend line, same as 1:2 Gann's time line. The time would be approximate first quarter of 2010. This is my studies by using Gann's theory and E-wave. Believe it or not, it is up to you. I here to declare it probably will happen and market will make new lows. Yes, I still believe we will see DOW 4,000-4,500 next year !!!
Real Estate Quote of the Day and more !!!
7/27/09
Please check my other blog link:cigstockchart.blogspot.com for technical market analysis.
Folks, check this out, despite we have better New Home Sales number today,...
"National New Home Sales, on a monthly basis, don’t even add up to half of the total foreclosure activity in California alone in a single month.”
Now, is that called "Green Shoot"??! You can choose to believe it or not!
Please check my other blog link:cigstockchart.blogspot.com for technical market analysis.
Folks, check this out, despite we have better New Home Sales number today,...
"National New Home Sales, on a monthly basis, don’t even add up to half of the total foreclosure activity in California alone in a single month.”
Now, is that called "Green Shoot"??! You can choose to believe it or not!
Friday, July 24, 2009
Laughing CNBC website redesign !!!
7/24/09
Folks, please click to enlarge the content of this interesting redesign cnbc website.
Wednesday, July 22, 2009
Tick..Tick...Ticking Boom is coming !!!
7/22/09
It has been awhile I write anything here. However, I find no good news since last time I update my blog. The only good news is stock market running like super bulls market. Let's read the following:
Federal Reserve Chairman Ben S. Bernanke said a potential wave of defaults in commercial real estate may present a “difficult” challenge for the economy, without committing to additional steps to aid the market.
Bernanke, testifying before the Senate Banking Committee today, urged lenders to modify “problem” mortgages to avert defaults. Christopher Dodd, the Connecticut Democrat who chairs the panel, told Bernanke that “some have suggested” the commercial market “may even dwarf the residential mortgage problems” in the U.S.
It “may be appropriate” for the government and Congress to consider “fiscal” steps to support the industry, Bernanke said today. Ideas for fresh support for the market could include government guarantees for commercial mortgages, Bernanke also said today, while noting no proposal on the subject has emerged.
U.S. commercial property prices fell 7.6 percent in May from a month earlier, bringing the total decline to 35 percent since the market’s peak, Moody’s Investors Service said in a report this week. Commercial properties in the U.S. valued at more than $108 billion are now in default, foreclosure or bankruptcy, almost double than at the start of the year, Real Capital Analytics Inc. said earlier this month.
“As the recession’s gotten worse in the last six months or so, we’re seeing increased vacancy, declining rents, falling prices -- and so, more pressure on commercial real estate,” Bernanke said yesterday. “We are somewhat concerned about that sector and are paying very close attention to it. We’re taking the steps that we can through the banking system and through the securitization markets to try to address it.”
One of the main issues for the industry is that the market for debt backed by commercial mortgages “has completely shut down,” the Fed chief said yesterday.
Folks, remember what our Fed Chairman has said since 2005...
It has been awhile I write anything here. However, I find no good news since last time I update my blog. The only good news is stock market running like super bulls market. Let's read the following:
Federal Reserve Chairman Ben S. Bernanke said a potential wave of defaults in commercial real estate may present a “difficult” challenge for the economy, without committing to additional steps to aid the market.
Bernanke, testifying before the Senate Banking Committee today, urged lenders to modify “problem” mortgages to avert defaults. Christopher Dodd, the Connecticut Democrat who chairs the panel, told Bernanke that “some have suggested” the commercial market “may even dwarf the residential mortgage problems” in the U.S.
It “may be appropriate” for the government and Congress to consider “fiscal” steps to support the industry, Bernanke said today. Ideas for fresh support for the market could include government guarantees for commercial mortgages, Bernanke also said today, while noting no proposal on the subject has emerged.
U.S. commercial property prices fell 7.6 percent in May from a month earlier, bringing the total decline to 35 percent since the market’s peak, Moody’s Investors Service said in a report this week. Commercial properties in the U.S. valued at more than $108 billion are now in default, foreclosure or bankruptcy, almost double than at the start of the year, Real Capital Analytics Inc. said earlier this month.
“As the recession’s gotten worse in the last six months or so, we’re seeing increased vacancy, declining rents, falling prices -- and so, more pressure on commercial real estate,” Bernanke said yesterday. “We are somewhat concerned about that sector and are paying very close attention to it. We’re taking the steps that we can through the banking system and through the securitization markets to try to address it.”
One of the main issues for the industry is that the market for debt backed by commercial mortgages “has completely shut down,” the Fed chief said yesterday.
Folks, remember what our Fed Chairman has said since 2005...
- In 2005 Bernanke said there was no housing bubble to bust. "[Housing] increases, he said, "largely reflect strong economic fundamentals," such as strong growth in jobs, incomes and the number of new households.
- Less than two years ago he said things were contained.
- In January 2008, he said housing would improve by the end of the year.
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