No. Ticker % Change
1 TVIX 10.83
2 SOXS 10.29
3 TYP 8.41
4 SRTY 8.25
5 TZA 7.69
6 BXDC 6.59
7 DPK 6.53
8 SSG 6.13
9 SQQQ 6.12
10 DRV 5.94
11 SKK 5.86
12 DUST 5.69
13 VIXY 5.52
14 BGZ 5.50
15 VXX 5.45
16 FAZ 5.43
17 EPV 5.42
18 LHB 5.42
19 MWN 5.32
20 SPXU 5.30
21 TWM 5.18
22 SDD 5.12
23 EDZ 5.12
24 SIJ 5.09
25 MZZ 4.94
———————–
No. Ticker % Change
1 SOXL -10.24
2 TYH -8.14
3 TNA -7.55
4 COWL -7.25
5 MWJ -7.15
6 TQQQ -6.77
7 DZK -6.73
8 NUGT -6.44
9 USD -6.11
10 DRN -5.97
11 IGN -5.72
12 BGU -5.70
13 ROM -5.61
14 FAS -5.47
15 UPRO -5.39
16 XIV -5.26
17 UWM -5.16
18 LBJ -5.04
19 MVV -5.01
20 ERX -4.96
21 PXQ -4.94
22 EDC -4.86
23 UKK -4.75
24 UYM -4.64
25 QLD -4.56
Monthly Archives: July 2011
Ron Paul Warns of Turmoil and Offers Solutions
[youtube:http://www.youtube.com/watch?v=FHCkFPaePPQ&feature=player_embedded#at=29 450 300]
Comments »The Employed Have a Better Chance at a New Job Over Unemployed Applicants
Recent studies on job sites show employers look at and hire those who are currently employed over those who are out of work.
Comments »Beige Book Shows Modest Growth, But Slowing
Gold May Be Telling Us Housing Prices are at a Bottom
Do Not Worry About Gold Prices After the Debt Ceiling Issue is Resolved; Charts Make a Good Argument for Long Lasting Gold Rise
A Rare Earth Discussion
not many names to buy in the U.S. , but if your willing to look at other exchanges and trade through that overnight desk then there are many more names to buy.
Comments »BoA to demolish some foreclosed homes
Comments »Lindsey Rupp, On Wednesday July 27, 2011, 10:43 am EDT
Bank of America Corp. (BAC), faced with a glut of foreclosed and abandoned houses it can’t sell, has a new tool to get rid of the most decrepit ones: a bulldozer.
The biggest U.S. mortgage servicer will donate 100 foreclosed houses in the Cleveland area and in some cases contribute to their demolition in partnership with a local agency that manages blighted property. The bank has similar plans in Detroit and Chicago, with more cities to come, and Wells Fargo & Co. (WFC), Citigroup Inc. (C), JPMorgan Chase & Co. (JPM) and Fannie Mae are conducting or considering their own programs.
Disposing of repossessed homes is one of the biggest headaches for lenders in the U.S., where 1,679,125 houses, or one in every 77, were in some stage of foreclosure as of June, according to research firm RealtyTrac Inc. of Irvine, California. The prospect of those properties flooding the market has depressed prices and driven off buyers concerned that housing values will keep dropping.
“There is way too much supply,” said Gus Frangos, president of the Cleveland-based Cuyahoga County Land Reutilization Corp., which works with lenders, government officials and homeowners to salvage vacant homes. “The best thing we can do to stabilize the market is to get the garbage off.”
BofA’s 40,000
Bank of America had 40,000 foreclosures in the first quarter, saddling the Charlotte, North Carolina-based lender with taxes and maintenance costs. The bank announced the Cleveland program last month, has committed as many as 100 properties in Detroit and 150 in Chicago, and may add as many as nine cities by the end of the year, said Rick Simon, a company spokesman.
The lender will pay as much as $7,500 for demolition or $3,500 in areas eligible to receive funds through the federal Neighborhood Stabilization Program. Uses for the land include development, open space and urban farming, according to the statement. Simon declined to say how many foreclosed properties Bank of America holds.
Ohio ranked among the top 10 states with the most foreclosure filings in June, according to RealtyTrac. The state has 71,617 foreclosed homes, Cuyahoga County 9,797 and Cleveland 6,778, RealtyTrac said.
The tear-downs are in varying states of disrepair, from uninhabitable to badly damaged. Simon said some are worth less than $10,000, and it would cost too much to make them livable.
Greenspan: Fed Should Have Let Banks Fail
Greenspan contends that id BS was allowed to fail then other banks would have put aside more capital and the fed would not have had to save them.
Seems highly unlikely when asset impairment was in a race to zero with everyone helping out the race with type 5 trades.
“American policymakers, in recent years, faced with the choice to assist a major company or risk negative economic fallout, have regrettably almost always chosen to intervene,” Greenspan writes…..
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Corning, GLW, Gives a Grim LCD Forecast; Stock Down 6%+
Company is lowering its own sales projections. If you followed AUO you would have know this for at least a month or more.
Comments »Analysts Unknowingly Back the Gapirino Story; That The President is Trying to Tank the Markets
Analyst say that even though the 2nd of august is the deadline for the debt ceiling; the government has at least another week or more to continue issuing checks.
Comments »FLASH: S&P Cuts Greece From CCC to CC
Lunch Break: Hubris of Constant Political Distractions; Government Gone wild
[youtube:http://www.youtube.com/watch?v=G96TY5JsV-s&feature=player_embedded#at=92 450 300]
Comments »Municipal Fiscal Problems Continue to Grow With a Falling Housing Market
A fair and equitable tax law is killing CA in particular with real estate taxes. Other states obviously are facing less revenues too. Better get out those bulldozers.
Comments »Apple Frets Over FB Competition
seems like apple should not be worrying about FB, but apparently they are according to sources. Apple allegedly is a novice in FB’s space and is worried about FB adopting the iOS platform as they gather strength in numbers.
Comments »Dunkin Brands Soars 40+% in First Day of Trade
Urban Blight Brings Bulldozers to BAC’s Properties
Fun times for sure. In keeping with tradition of being a wasteful country, BAC and many others have plans or are already bulldozing properties down. The hope is to reduce supply, stabilize prices, and bring buyers to the table.
Comments »Brazilian Markets Face Technical Bear Market
Inflation is killing the Brazilian market and has pushed it to new lows. Currently the Bovespa is resting on the 20% mark that would technically open it up for a bear market.
Comments »A Recent Civil Engineering Report Suggests We Need Immediate Repair or Face Loss of Productivity to the Tune of $2.7 Trillion
Infrastructure is failing badly and we need to spend upwards of $220 Bn + a year to maintain roads, tunnels, and bridges.
If we fail to keep up with basic maintenance, then we face a huge loss to productivity.
Comments »Energy Companies Post Good Earnings, But Give a Mixed Outlook on Future growth
Good earnings expected ahead for electric and nuclear power companies, but the recovery and usage of energy is slow to recover.
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