ilene's blog

Once again, there's a suggestion that there's something wrong with the NAR's data. 

I am amazed at how these Captain Obvious “analysts” do nothing more than state the obvious, and rather late at that.

I already own the January 2012 $22.00 calls and expect to be owning more should the weekly confirm these very bullish looking charts. 

It's over. There is no coming back from this.

“you put your short bonds in, you pull your long bonds out, you put your short bonds in and you shake them all about.”

We all know that expansion of debt and financial chicanery are (or at least were) the key drivers of the US economy. And those things have limits as we have learned all too well.

The easy way out of turning to bigger, more solvent governments for bailouts has run its course. The chamber is empty.

This pace of Corporate Profit expansion has now kept up for 10 straight quarters as Government Bail-Outs go straight into the vaults, completely bypassing any possible benefit to US workers.

Classic method of FUD - fear, uncertainty and doubt.

So what are those lines on charts telling us?

Cash remains king into the weekend. I’d love to say BUYBUYBUY but it’s a crap shoot.

Now we need to step back and objectively, CALMLY, away from the madness of the crowd and simply factor the panic into our fundamental equation.

The plop heard 'round the world.

Turning a minor incident like Greek debt into a World-shaking economic crisis is BRILLIANT! 

The result, for now, is that Greece’s dreaded appointment with the Ghost of Default Future has been postponed. The cycle of austerity, protests, bondholder angst, and threats of default, followed by another round of bailouts, continues.