ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on July 7, 2012. Click here to read the entire piece.) Kb Home (KBH) has finally recovered most of its losses following its March 23rd earnings report. On that day, the market took KBH down 8.5% in response to those earnings, but … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 23, 2012. Click here to read the entire piece.) Earlier this month, I argued that 2012 is the year to start betting on a bottom for housing in 2013 (see “Time to Buy the Dips in Homebuilders“). One of the … Read more
This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2012. Click here to read the entire piece.) I last provided a comprehensive review of the housing market on September 29, 2010 in “Still Expecting Housing to Bounce Along the Bottom Until 2013.” At the time, I reiterated the … Read more
It seems the Federal Reserve may maintain some excuse to keep printing money. Hundreds of billions printed in the name of economic recovery and inflation can be seen almost everywhere except the housing market, one of two of the Fed’s main targets – the other being employment. (See “Inflation Watch” for running highlights of stories … Read more
Many homebuilder stocks, like Toll Brothers (TOL), went parabolic in April. The homebuilder index, XHB, hit 18-month highs at the time. Since flaming out, TOL is down 26%, and the homebuilder’s ETF, XHB, has sunk 23% in two months. This action further confirms the principle that parabolic moves more than likely signal the coming end … Read more