NEARLY PERFECT - STILL at 70%, and I dont really expect it to get any better than thatJay
Looks about the same as yesterday26 hours at 10am
Yesterday was perfect feel good day
new Wall St movie premiere
Headline News - recession ended in 2009
Pres town hall meeting on National TV
tomrrow is Autumn Equinox, often a turn date
23rd of month = 5 = CHANGE, can by off by a day in either direction
38%/13 day cycle at 10:42am
228bars at 4pm
Jay
7 comments:
Housing starts rose 10%
amazing??? criminals CNBC all over it??? but they failed to tell us: The gain in August was led by a 32.2 percent surge in multifamily starts, following a 36.0 percent increase in July. The single-family component rebounded 4.3 percent after dipping 6.7 percent in July
If you add up July's number with this number, single family homes are down from June. But "multifamily" which simply means "APARTMENTS FOR RENT" went up. Up a lot.
They have shown us a level of fraud and manipulation that even I can't believe.
Abdullah
IT certainly SMACKS of EDITED data
which AGAIN fits in with the FEEL GOOD DAY of yesterday
Multi family can also rep condos, but I doubt that went up.
My condo is DOWN 60% from its highest last sold value in 2007-2008
Jay
S&P 500 in a channel
Here in Canada, major cities I have 2 properties for sale. One just closed for Nov 1st. My brother sold 5 mths ago and got top dollar for his property. A few lots on the street that I sold got 25k more than me in 5mths... I had approx 60 folks see the lot.. no offers and its no where near a junk property, large and well kept, 3 full units etc.. I took my first offer, negotiated a bit and sold; looking to sell the 2nd
My point is housing in Canada is also sliding big time no matter what the media says as my buddy owns a semi large Real-Estate firm and he advised me that his office and others are VERY Slow....
I think we run up to sideways to OCT... problem is everyone else is expecting this so is it NOV we take the MAJOR HIT ??
Thanks
Joe
Joseph
Real estate homes across the street are single fam and many have tried to sell over the past 2 years - VERY FEW have turned over
One for sale right now is being offered for half of what it would have sold in 2007, and there is no one looking
BED BUG infestation --Hmmm
more typical of MAJOR MKT LOWS
that shows me just how inverted this mkt is, and that we are IN A BEAR mkt for a more extended period
Most everyone looks for October to get nasty, but It can come without warning NOW, or Late NOV
or both
look at the 10 year history
go back to 1932,
every 10 years had a low, except 1974, an anomoly,
kondratief wave bottoms in 2012
Jay
It is possible we start selling off around 3:00 EST today, but if we don't and end near the highs, does that change anything Jay. Today was supposed to be down or negative...and we aren't getting that.
FRED ;
NOTHING CHANGES
If we get any sell off after 3pm, thats great, but overnight
is where the power index shows tomrrow collapsing
THIS IS LIKE WATCHING PAINT DRY-GRRR
YES its coming
The MKT wants us ALL to change our positions at JUST THE WRONG TIME
I dont know HOW many times that happened to me in my early years
SPX much less than the dow at 3pm, indicating inherent weakness
OIL off $1.83
Jay
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