JUST LETTING YOU KNOW… I do believe we are starting to see a rotational correction in many areas of the market right now. In recent days, I have mentioned to you how I thought the Housing Stocks would pull in toward the 50-day Moving Average. We’re seeing similar action in the: Transports Airlines Rails Financials [...]
Archive for the 'Housing' Category
02/22/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
ONE OF THE MANY EMAILS MY LISTENERS SENT ME
I have been asked to comment on this fabulous mortgage settlement between the banks and their “victims.” Those that know me know exactly what I think. Instead of me yapping away on the subject, I would just like to post one of the many emails my listeners sent me. Let me just say that 99% of [...]
02/09/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW… Growth stocks are starting to broaden out. More and more names are showing up. It’s happening on days when the market’s doing nothing. This is all good news. As I have been telling you for days and day and days…the markets are stretched and extended and…at any given time, they can [...]
02/06/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
Quiet day in the market today. Charles Schwab, the founder and Chairman of Charles Schwab Corporation did an op-ed in the Wall Street Journal today and it was one of the best ones I’ve read in a very long time. Everything he said is exactly what I’ve been telling you for the past year or [...]
HE AGREES WITH ME!
BLODGET: A lot of people have just called the bottom in the housing market in the United States, and there’s been some okay data recently. Is that your take? That finally housing prices are bottoming? SHILLER: When people phrase is that way, they say ‘we’ve reached the bottom.’ That suggests that we have the expectation of a [...]
HEAR NO EVIL…SEE NO EVIL…SPEAK NO EVIL
WASHINGTON — As the housing bubble entered its waning hours in 2006, top Federal Reserve officials marveled at the desperate antics of home builders seeking to lure buyers. The officials laughed about the cars that builders were offering as signing bonuses, and about efforts to make empty homes look occupied. They joked about one builder who said [...]
GROPING FOR A LOW
OK…it is early…and after yesterday’s nauseating reversal off of a hot open, very tough to get anything out of today’s early action. But I couldn’t help but notice a poor manufacturing number, coupled by a poor home sales number this morning. Instead of the market selling off, it has been actually bought up. Again, it [...]
IS GREECE THAT IMPORTANT?
The “another life preserver for Greece” has markets feeling it. The EURO is strong which means the DOLLAR is smoked. This has markets juiced as the weak dollar/strong markets correlation continues. Overall, major indices remain in the same multi-month trading range I have been talking about but now, technically, the major averages have a chance [...]
IT’S ONLY BAD WHEN THE MARKET GOES DOWN!
About 6-8 weeks ago, I started to believe the economy was stalling out. A couple of weeks later, the commodity areas topped leading me to believe I was correct. Since, we have received nothing but worsening news on the economy…and may I say, the numbers may be worse than I even thought. This morning’s employment [...]
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