Comments on: Market Close and AIG Earnings-Updated http://blog.rebeltraders.net/2008/05/08/market-close-and-aig-earnings/ Stock Market Trading and Economic Analysis Thu, 08 Jan 2009 16:54:07 +0000 http://wordpress.org/?v=2.6.5 By: Bob Thomas http://blog.rebeltraders.net/2008/05/08/market-close-and-aig-earnings/#comment-3131 Bob Thomas Fri, 09 May 2008 00:30:09 +0000 http://blog.rebeltraders.net/2008/05/08/market-close-and-aig-earnings/#comment-3131 If anyone believes house prices are near stabilizing, I suggest one goes to www.cme.com and clicks on Daily Bulletin. Go to Section 46 for Housing and Real Estate Futures based on the Case-Schiller Indices. You will find the futures markets expectations are for a 6-10% FURTHER decline from now to the NOV 08 contract. Then...there are expected additional declines forecast for the NOV 09 contract. Some markets show declines into 2010 and 2011. So, if one believes foreclosures are bad now, wait a few months. If the consumer is King tied to 72% of the economy, then there will be a long and protracted economic decline. Bob Noel's Brother If anyone believes house prices are near stabilizing, I suggest one goes to http://www.cme.com and clicks on Daily Bulletin. Go to Section 46 for Housing and Real Estate Futures based on the Case-Schiller Indices. You will find the futures markets expectations are for a 6-10% FURTHER decline from now to the NOV 08 contract. Then…there are expected additional declines forecast for the NOV 09 contract. Some markets show declines into 2010 and 2011. So, if one believes foreclosures are bad now, wait a few months.

If the consumer is King tied to 72% of the economy, then there will be a long and protracted economic decline.

Bob
Noel’s Brother

]]> By: Lisa http://blog.rebeltraders.net/2008/05/08/market-close-and-aig-earnings/#comment-3130 Lisa Thu, 08 May 2008 21:53:10 +0000 http://blog.rebeltraders.net/2008/05/08/market-close-and-aig-earnings/#comment-3130 You're the best, Dave. :) You’re the best, Dave. :)

]]> By: Dave http://blog.rebeltraders.net/2008/05/08/market-close-and-aig-earnings/#comment-3129 Dave Thu, 08 May 2008 21:47:58 +0000 http://blog.rebeltraders.net/2008/05/08/market-close-and-aig-earnings/#comment-3129 Lisa - AIG raising their dividend is a joke!! You have to be kidding me. I am with ya on that one.... Interesting that you mentioned PCLN had strong earnings and is screaming up to all-time highs after hours. I hadn't noticed. :) Didn't there used to be some guy on this board that was pimping this stock around $100?? He had some lame idea that this stock would go higher because the consumer still had the desire and resources to buy airline tickets, hotels and rental cars. I am glad that he has stopped posting on this board. Even if PCLN is taking business from competitors, it is nice to know that there is still robust activity net/net in this entire market area (travel and leisure). I added a teensy QID position at the close today. Lisa -

AIG raising their dividend is a joke!! You have to be kidding me. I am with ya on that one….

Interesting that you mentioned PCLN had strong earnings and is screaming up to all-time highs after hours. I hadn’t noticed. :) Didn’t there used to be some guy on this board that was pimping this stock around $100?? He had some lame idea that this stock would go higher because the consumer still had the desire and resources to buy airline tickets, hotels and rental cars. I am glad that he has stopped posting on this board.
Even if PCLN is taking business from competitors, it is nice to know that there is still robust activity net/net in this entire market area (travel and leisure).

I added a teensy QID position at the close today.

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