ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Chasing bubbles is a dangerous game. Chasing a housing bubble is barely a game. The Case for a Housing Bubble On CNBC’s Fast Money, Tim Seymour led a segment called the “Mother of All Housing Bubbles.” I expected Seymour to make the case for shorting housing-related stocks. As a perma-bull on the housing market, I … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 14, 2013. Click here to read the entire piece.) {snip} I do not follow TheStreet.com’s Jim Cramer as closely as I did many years ago, but every now and then something pops up that manages to catch my interest. The … Read more
This is an excerpt from an article I originally published on Seeking Alpha on February 4, 2013. Click here to read the entire piece.) Long-term interest rates are moving higher. Although it can be difficult to interpret the meaning of interest rate movements given the Federal Reserve is an active player in manipulating rates, I … Read more
This is an excerpt from an article I originally published on Seeking Alpha on November 17, 2012. Click here to read the entire piece.) Zillow’s Q3 negative home equity report helps to shed more light on the underlying factors supporting the housing recovery. According to Zillow (Z): “…high negative equity rates have contributed to appreciation, … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 31, 2012. Click here to read the entire piece.) Last week’s U.S. GDP print (advance estimate, revisions to come) came in slightly stronger than expected with an annualized growth rate of 2.0%. Financial markets had relatively muted reactions. The S&P … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 28, 2012. Click here to read the entire piece.) Congratulations to those of you who were able to ignore the bears on housing and stick with housing stocks this year. The SPDR S&P Homebuilders ETF (XHB) has finally recovered all … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 7, 2012. Click here to read the entire piece.) In “Home Builders Don’t Have Enough Workers to Meet New Demand“, CNBC reports that housing markets with strong demand are reporting severe shortages of labor. These strong markets include the Western … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 30, 2012. Click here to read the entire piece.) The residential housing industry received more positive data on August 29, 2012. First, the latest Federal Reserve’s beige book further confirmed the stronger price trends shown in the Federal Housing Finance … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 19, 2012. Click here to read the entire piece.) In 2010, the SPDR S&P Homebuilders ETF (XHB) rallied sharply only to peak in parabolic fashion in April. That Fall, I reaffirmed my belief that housing would bounce along the bottom … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 31, 2012. Click here to read the entire piece.) The SPDR S&P Homebuilders ETF (XHB) has remained amazingly resilient during the stock market’s latest rendition of the “sell-in-May” swoon. {snip} Source: FreeStockCharts.com I believe this trading action is consistent with … Read more