If the economy is strong enough to get off the QE tit, we’re all better for it, are we not? It’s also worth noting the difference between adding more stimulus and raising interest rates. We are nowhere close to a Fed rate hike, so chill out and go buy a house.
Speaking of which, housing related stocks are leading today’s charge. This is exactly what the market needs, real leadership in an industry that is vital to the economy. Stocks like BZH, MHO and TOL heading higher is exhilarating for stock market junkies like me. We read the headlines and know, from first hand experience, that the housing market is back. Blackstone is buying residential real estate with both hands and so is Public Storage. The best case scenario for this market, this economy, is to see the market rise, led by housing related names, which in turn will buoy materials and of course banks.
BALT trading lower sucks. I know. However, rates went up again today, spearheaded by Supramax. I cannot remember the last time Supramax rates went down. This is a rip roaring bull market and it’s all China related. Upwards of 65% of all iron ore shipments go to China. The surge in rates is due to a combination of two things: 1. lack of adequate shipping capacity. 2. The Chinese economy is strengthening.
Over the past two years, BRIC has been absent from the stock market euphoria we’ve enjoyed. What if they are finally turning the corner? What if the market’s next leg up is due to a lift in BRIC GDPs?
Something to think about. In the meantime, revenues and earnings power for the dry bulkers surge onward.
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so you like TLT here, guvna?
Santelli is a true idiot and should be refrained from commenting on finacial matters for the rest of his life.
QE just makes the rich richer.
FYI, Brazil’s last quarter GDP growth was -0.50%.
The BRIC acronym is stupid and should have never been put together in the first place, as those countries have nothing in common except for being developing countries and still at much different levels. The word “BRIC” is very marketable – it reminds of building blocks of a global economy, and picking one country from each corner of the globe helped the word to stick.
Now the new cool acronym is MINT – Mexico, Indonesia, Nigeria and Turkey. Any of those could be part of the original BRIC. There is China and there is the rest: 20+ developing nations which economy nome or less depend on China.
As far as Brazil’s economy goes, the US economy outgrows it. Buy American instead.
Don’t forget BALLS (Bulgaria, Afghanistan, Lichenstein, Lithuania, Swaziland).
…But shipping rates are going Bozo up.
No intention to be argumentative, just a comment-
Perhaps I am the only person in this area making less than 250K a year. I see no houses I would like to own, offered at a price I am comfortable taking on the debt service. Despite this, should a middle class person buy a house they do not enjoy, as a trade? My preference is to be reasonably happy on closing day, not feeling like I want to cry.
I agree. I pretty much hate my home, but it’s up 30k in two years according to the appraisers. But if I try and sell it for that much, I doubt they will be knocking the door down. I didn’t cry on closing day, but I did feel extra aloof for a few weeks
index up almost 1% and my high low ticer flashing red red and red go figure what’s working ( or what’s the market working on me ..)
BDI was up nearly 8% overnight??
ok,,,who has anything up for the day?
IMMR +.01…yippee!!!!!!!!
It’s just another chart. Are you going to look at 5 year yield and tell me it’s done?